Market Update: Markets in the green; auto & metal stocks gain

2 May 2024 , 01:20 PM

Indian benchmark indices showed positive momentum on Thursday, following global cues. The Sensex rose by 249.23 points or 0.33% to reach 74,732, while the Nifty climbed by 76.10 points or 0.34% to 22,683.40. Market breadth was mixed, with 1757 shares advancing, 1458 shares declining, and 82 shares remaining unchanged. Nifty Bank index  declined by 0.29%, while the Realty index dropped by 0.69%.

On the other hand, the Auto index surged by 1.16%, the Metal index by 1.43%, and the Oil & Gas index by 1.05%. However, indices such as FMCG, Auto, IT, Pharma, and Healthcare were in negative territory. In the broader market, the BSE MidCap increased by 0.95%, and the BSE SmallCap gained by 0.42%.

Among the Nifty 50 stocks, 15 were in the red, with top losers including Kotak Mahindra Bank, Bharti Airtel, Tata Consumer Products, Divi’s Laboratories, and HDFC Life. BPCL, Power Grid Corp., Asian Paints, Tata Motors, and Bajaj Auto were the top gainers.

Among the Sensex stocks, 11 were in the red, with major drags being Kotak Mahindra Bank, Bharti Airtel, ICICI Bank, Wipro, and Axis Bank. Power Grid Corp., Tata Steel, Tata Motors, Asian Paints, and Mahindra & Mahindra were the top gainers.

Foreign institutional investors (FIIs) were net buyers of ₹1,071.93 crore shares, while domestic institutional investors (DIIs) invested ₹1,429.11 crore on April 30, according to provisional data from the NSE.

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