Sensex today | Stock Market Highlights: Nifty, Sensex close flat as high crude price concerns offset value buying
Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended largely flat on Thursday as domestic markets remained volatile amid elevated crude oil prices, while value buying after the recent correction provided support.
Nifty 50 index added 53 points, or 0.23%, to close at 23,270.60 on Thursday, while the BSE Sensex fell 21.86 points, or 0.03%, to 74,314.59. Among the top gainers were HDFC Life, TMPV, SBI Life, Dr Reddy’s, and IndiGo. Conversely, ONGC, Titan, Coal India, Bajaj Auto, HCLTech, and HDFC Bank were among the main losers. Most sectoral indices on the NSE ended in the green, with Nifty Auto up 1.17%, Nifty Media up 1.27%, Nifty Metal up 0.99%, Nifty Pharma up 1.70%, and Nifty FMCG up 0.14%.
Crude oil prices remained high, with Brent crude trading around $104 per barrel. The rupee weakened slightly to 95.94 against the US dollar. The Fed's interest rate hike, the first since 2023, signals a shift in monetary policy and could impact global markets. Indian banks are expected to benefit from the market rally. The Fed's move comes as global interest rates rise, reducing the comfort level for the RBI and potentially keeping pressure on the rupee.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
