• Source:PTI
Add as a preferred

Stock Market Closing:  Domestic benchmark indices ended the trading session on a higher note for a second consecutive day on Thursday. Sensex, the index of top 30 shares on BSE, rallied 692.27 or 0.93 percent to close at 75,074.51, while Nifty 50, the index of top 50 shares on NSE, ended day trade at 22,821.40, up 201.05 or 0.89 percent. The market has recovered almost the loss that it suffered on June 4 after the BJP did not get the absolute majority mark on its own. However, the BJP will form a government in the center with the help of its allies. 

Among the 30 Sensex companies, HCL Technologies, Tech Mahindra, NTPC, Infosys, State Bank of India, Larsen & Toubro, Wipro, and Tata Consultancy Service emerged as top gainers. Asian Paints, Mahindra & Mahindra, Hindustan Unilever, Indus Ind Bank Nestle, and Sun Pharma were among the laggards.

Also Read: Indian Bank Offers Special FD Schemes For 300 And 400 Days, Check Interest Rates And Deadline

In Asian markets, Tokyo and Hong Kong closed with gains, while Shanghai closed lower. European markets were trading with gains. US markets ended in positive territory on Wednesday. Brent crude, the global benchmark, rose 0.09 percent to $78.43 a barrel.

Foreign institutional investors (FIIs) offloaded shares worth Rs 5,656.26 crore on Wednesday, according to stock exchange data. The BSE Sensex recovered from Tuesday's debacle, jumping 2,303.19 points or 3.20 percent to settle at 74,382.24 on Wednesday. The Nifty index rose 735.85 points or 3.36 percent to 22,620.35 points.

The Rupees close lower

The rupee depreciated by 5 paise to close at 83.49 (provisional) against the US dollar on Thursday due to foreign fund outflows and rising crude oil prices overseas. Foreign exchange traders said a weakening US currency and a firm trend in equity markets supported the local unit, even as investors remained cautious ahead of the RBI monetary policy decision to be announced on Friday.

In the interbank foreign exchange market, the local unit opened at 83.40 and during the session, it touched an intra-day low of 83.50 against the greenback. The local unit finally closed at 83.49 (provisional) against the US currency, down 5 paise from its previous close. On Wednesday, the rupee had gained 7 paise to close at 83.44 against the dollar.

With PTI's Input

Also read: Railway Stocks: IRFC, RVNL Bounce Back After Heavy Fall On Election Result Day; Details