Leaders Online Desk: Indian stock markets remained bullish on Thursday following the US Federal Reserve's decision to keep interest rates unchanged. Additionally, falling oil prices and strong domestic auto sales also boosted investor sentiment. Against this backdrop, the Sensex rose 128 points to close at 74,611. While the Nifty 50 index settled at 22,648 with a marginal gain of 43 points.
Meanwhile, BSE Midcap touched a fresh high of 42,564 in today's trading session. Midcaps then settled at 42,503, up 0.9 percent. Meanwhile, the small cap index closed up 0.3 percent.
On the sectoral front, auto, metal, oil and gas rose by 1 percent each. Bank and realty indices closed marginally lower. The BSE Midcap index hit a new high again.
2 lakh crores earned by investors
The market capitalization of BSE listed companies touched Rs 408.62 lakh crore on May 2 due to market rally. Last Tuesday, April 30, the market capitalization stood at 406.55 lakh crores. This means that the market capitalization of BSE listed companies increased by Rs 2.07 lakh crore.
What are the top gainers, top losers stocks?
Power Grid, Asian Paints, NTPC, Tata Steel, Tata Motors, Tata Steel, M&M, Sun Pharma, ITC remained the top gainers on Sensex. While the shares of Kotak Bank, Axis Bank, Bharti Airtel, ICICI Bank, Wipro fell.
BPCL, Power Grid, Asian Paints, Bajaj Auto, SBI Life were the top gainers on NSE Nifty. Kotak Bank, Tata Consumer, Axis Bank, Bharti Airtel, HDFC Life were the top losers.
Shares of Godrej Industries, Godrej Properties fell
Shares of Godrej Group's Godrej Industries and Godrej Properties fell as much as 7 percent in today's trading session on BSE. After 127 years, one of the largest corporate houses in the country, the Godrej family, has been divided. The family recently signed an agreement to split the Godrej Group into two. Meanwhile, shares of other listed companies such as Godrej Consumer, Godrej Agrovet and Astec Lifescience rose. (Shares of Godrej group)
Vedanta's shares hit a new high
Shares of metals and mining giant Vedanta touched a fresh high of Rs 413.80 on the BSE. The shares were trading at Rs 410 in afternoon trade. Shares of Vedanta rose after Chairman Anil Agarwal said it plans to invest $20 billion over four years. (Vedanta Share Price)
Shares of IndiaMart traded up 8 percent to Rs 2,858 on BSE on the back of good fourth-quarter earnings. (IndiaMart Share Price)
Global market
Asian markets remained bullish on Thursday as the Federal Reserve did not raise interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Hong Kong's Hang Seng Index rose by 2 percent. Tokyo's Nikkei remained flat. The US Fed kept interest rates steady. It is also indicated that there is a possibility of delay in interest rate reduction. The benchmark policy rate has been in the current range of 5.25 percent-5.50 percent since July.
crude oil
International oil prices fell to near seven-week lows overnight. This is likely to moderate inflation in India, the world's third largest oil importer and consumer.
Foreign investors
According to NSE data, foreign institutional investors (FIIs) bought net shares worth Rs 1,071.93 crore on April 30, while domestic institutional investors (DIIs) invested Rs 1,429.11 crore.
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