Stock Market Today: After hitting a fresh record high of 22,298 in early deals, the benchmark Nifty50 index succumbed to profit booking in the second half dragged by IT and select financial shares.
The index closed at 22,213, down 5 points or 0.02 per cent. The BSE Sensex, on the other hand, ended at 73,143, down 15 points or 0.02 per cent.
Asian Paints, Maruti Suzuki, HCL Tech, NTPC, SBI, TCS, JSW Steel, IndusInd Bank, Bharti Airtel, ITC, Axis Bank, and TCS were the top laggards, down up to 1.4 per cent.
The broader markets, meanwhile, held gains with the BSE MidCap and SmallCap indices shutting shops 0.15 per cent and 0.53 per cent higher, respectively.
Among sectors, the Nifty Realty gained 1 per cent, the Nifty Pharma 0.4 per cent, and the Nifty Auto 0.2 per cent. The Nifty PSU Bank index, on the flipside, fell 1.15 per cent.
Global Cues
Asian markets were surging in the early Friday session with Australia’s ASX200, South Korea’s Kospi, Hong Kong’s Hang Seng, and China’s Shanghai Composite gaining in the range of 0.5 per cent to 0.7 per cent.
Japan’s Nikkei, meanwhile, was shut down today for a public holiday.
Overnight, Wall Street’s main indices surged on Thursday, with the S&P 500 hitting a record high after chip giant Nvidia posted quarterly results that far exceede estimates, boosting the tech sector.
The benchmark index gained 2.11 per cent to close at 5,087.03, its best day since January 2023.
The Nasdaq Composite jumped 2.96 per cent, recording its best day since February 2023, while the Dow Jones Industrial Average gained 1.18 per cent, to close above 39,000 for the first time and at a new high of 39,069.11.
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