Market Update: Sensex, Nifty Rise Nearly 1pc

Market Update: The Benchmark indices Sensex and Nifty rose nearly 1 percent today. amid Positive queues from the Global share markets.

The BSE Sensex gained 677 points, or 0.93 percent, to close at 73664. The NSE Nifty also rose 203 points, or 0.92 percent, and settled at 22404. During the day the NSE sensex hit a high of 73749 and a low of 72,530.

In the broader market at the BSE, the Mid-Cap index rose 1 percent while the Small-cap index gained 0.85 percent. In the Sensex Index, which is a pack of 30 companies, shares of 25 companies appreciated, 5 companies declined. Mahendra and Mahendra Surged 3 percent, Tech Mahendra rose 2.6 percent and Bharti Airtel increased by 2.5 percent.

On the other hand, Maruti dropped 2.2 percent, Tata Motors declined 1.2 percent and State Bank of India lost 1. percent. In sectoral indices at the BSE, all sectors registered gains except Utilities that ended in flat territory. Capital goods and Industrials rose 2 Percent, Tech Sector gained 1.66 Percent and Realty added 1.6 Percent.

Also read: Sensex News: Sensex Rises 354 Points, Nifty Settles At 22,754

The overall Market breadth was positive, as the shares of 2125 companies advanced, 1706 companies declined and 121 companies remained unchanged.

5 Asian Major Indices are positive today. South Korea’s Kospi added 0.82 percent, Japan’s Nikkei rose 1.2 percent, Singapore’s Straits Times index gained 0.47 percent, Hong Kong’s Hang Seng Index climbed 125 percent and China’s Shanghai Composite Index marginally up by 0.08 percent.

All 3 European major Indices are in Red today. Germany’s DAX lost 0.25percent, U.K.’s FTSE decreased by 0.2 percent and France’s CAC 40 trading at 0.43percent down when reports last came in. All 3 US Major Indices ended in Green on Tuesday. Nasdaq gained 1.4 percent, Dow Jones Industrial Average added 1.2 percent, S&P 500 rose 1.17percent.

Gold price witnessed a slight decrease today. The Precious Metal, for 5th June 2023 contract is trading at 73099 Rupees per 10 Grams. Silver for 5th July 2023 contract was trading at 87411 Rupees per KG, when reports last came in.