Indian Indices Hit Record Highs on Strong Q4 Earnings Outlook

9 Apr 2024 , 01:25 PM

Indian benchmark indices hit record highs on Tuesday, driven by strong Q4 earnings expectations. Sensex rose by 111.74 points (0.15%) to 74,854.24, while Nifty climbed 24.00 points (0.11%) to 22,690.30.  Across sectors, FMCG, Media, Pharma, Auto, and Oil & Gas indices dipped by 0.35%, 0.23%, 0.20%, 0.07%, and 0.04% respectively.

Metal index surged by 2.07%, followed by Realty index at 1.09%. Bank, Financial Services, IT, Healthcare, and Consumer Durables indices also registered gains.

Top gainers on Nifty 50 included Hindalco, Apollo Hospital Enterprises, Tata Steel, ICICI Bank, and Infosys, while Coal India, Hero MotoCorp, Tata Consumer Products, Reliance Industries, and Asian Paints were the top drags.

Nine of the 30 stocks on the Sensex were in red, with Asian Paints, Reliance Industries, Titan, Tech Mahindra, and Hindustan Unilever as top drags. Tata Steel, ICICI Bank, Infosys, JSW Steel, and Axis Bank were the top gainers.

FIIs net sold shares worth ₹684.68 Crore, whereas DIIs bought ₹3,470.54 Crore worth of stocks on April 8, according to provisional data from the NSE.

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