Stock Market Close: Sensex jumps 2975-pts as India-Pak tensions ease, investors richer by ₹16.15 tn

Sensex Today | Stock Market Close Highlights: All the sectoral indices settled in green with Nifty IT and Realty leading the gains, rising 6.7 per cent and 5.9 per cent, respectively

3:49 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Confluence of positive geopolitical and economic developments—the ceasefire between India and Pakistan, coupled with a breakthrough trade agreement between the US and China—sparked the strongest daily market rally in recent times. Tarriff issue had the pivotal role in the stock market's consolidation over the year. Sudden easing of the US-China tariff war unlocked multiple investment avenues for investors. 

Sustained foreign institutional investor (FII) inflows, along with a resurgence in retail participation fuelled by expectations of a swift improvement in business sentiment, propelled today's upside. However, while the momentum remains strong, the market may enter a phase of consolidation in the near term as investors await concrete signs of earnings growth. In the meantime, mid & small caps are expected to maintain the optimism in the broad market. 

View by Vinod Nair, head of research, Geojit Investments Limited.

3:47 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Technically, the sharp rise in the Nifty marks a continuation of the uptrend following a three-week consolidation phase. Having crossed the previous swing high of around 24,857, the index is now poised to inch towards the 25,200 level, while the 24,400–24,600 zone is expected to offer strong support on any dip.

 

In light of the widespread buying momentum, a 'buy on dips' strategy remains prudent. Investors should focus on selecting stocks based on the relative strength of specific sectors and prevailing market themes.

View by Ajit Mishra – SVP, research, Religare Broking Ltd.

3:43 PM

Stock Market LIVE Updates: Investors gained ₹16 trillion as the market rebounded

Stock Market LIVE Updates: The market capitalisation of BSE-listed companies went up by ₹16.15 trillion to ₹432.56 trillion today.

3:39 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap index closed 3.85 per cent higher and BSE Smallcap settled 4.18 per cent higher

 

3:38 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Infosys, HCLTech, Tata Steel were among the top gainers on Sensex. 

3:36 PM

Stock Market LIVE Updates: Nifty settles at 24,924.7, up 917 pts

Stock Market LIVE Updates: NSE Nifty50 finished at 24,924.70, rose 916.7 points or 3.82 per cent. 

3:35 PM

Stock Market LIVE Updates: Sensex closes at 82,429.9, up 2,975 pts

Stock Market LIVE Updates: Buoyant by ceasefire between India and Pakistan, Sensex closed at 82,429.9, gaining 2975.43 points or 3.74 per cent. 

3:29 PM

Stock Market LIVE Updates: Brent crude oil rose over 3%

Stock Market LIVE Updates: Oil prices rallied over 3 per cent after the US and China said they would ease some of their tariff measures, lifting market sentiment that the world's two largest crude users may be moving toward resolving their trade dispute.
 

Last seen, Brent crude futures climbed $2.11, or 3.3 per cent, to $64.14 a barrel.

3:27 PM

Stock Market LIVE Updates: Spot gold prices slip 3% in international market

Stock Market LIVE Updates: Gold lost its shine and was down 3 per cent after the US and China said they have agreed to a deal to slash reciprocal tariffs, sending the dollar higher and denting the safe-haven metal's appeal.
 

Last checked, Spot gold was down 3 per cent at $3,224.34 an ounce, its lowest since May 1. US gold futures slipped 3.5 per cent to $3,228.10.

3:22 PM

Stock Market LIVE Updates: Broader market indices gain over 4%

Stock Market LIVE Updates: Nifty Midcap 100 and Smallcap 100 index were up over 4 per cent. 

3:19 PM

Stock Market LIVE Updates: Broad-based buying recorded across sectors

Stock Market LIVE Updates: All sectoral indices recorded buying in the last few minutes. Nifty Metal, Realty and IT gained up to 6 per cent. 

 

3:17 PM

Stock Market LIVE Updates: ₹15 trillion market cap added today

Stock Market LIVE Updates: BSE-listed companies added market capitalisation of more than ₹15 trillion today. 

3:11 PM

Stock Market LIVE Updates: Nifty IT index soars 6%, sees sharpest intra-day rally since April 2020

Stock Market LIVE Updates: Shares of information technology (IT) companies were in focus, with theNifty IT index surging 6.5 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade, thus recording its sharpest intra-day rally in over 5 years. A sharp up move in IT stocks was triggered after the US said it would reduce tariffs on China to 30 per cent from 145 per cent for 90 days. Earlier, on April 7, 2020, the Nifty IT index soared 8.3 per cent in intra-day trade. Read more 

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty at day's high

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 posted the best intraday session since June 5 last year, after tensions between India and Pakistan de-escalated, while the US and China made progress on their trade deal.  

 

At 3 PM, the BSE Sensex was higher by 2,918.80 points, or 3.67 per cent, at 82,373.27, and the Nifty50 was at 24,924, ahead by 916 points, or 3.82 per cent.

2:59 PM

Stock Market LIVE Updates: Indian defence forces' leaders brief media

Stock Market LIVE Updates: Indian defence forces' leaders brief media personnel. Say all military bases, all systems continue to remain fully operational, and ready to undertake any future missions should the need arise.