by Sandip Das on 12 April 2024, 5 min read
The Indian stock market ended on a positive note on April 10, 2024. At close, the BSE Sensex jumped 354 points to 75,038, while the Nifty 50 gained 111 points to 22,754. Except pharma, all other sectoral indices ended in the green with media, PSU Bank, FMCG, metal and oil & gas up 1-2 percent. Around 1761 shares rose and 1617 shares declined while and 81 stocks remained unchanged.
Trends on GIFT Nifty indicate a negative start for Indian indices.
U.S. stocks closed higher on Thursday, with tech-related momentum stocks leading the charge, as fresh economic data rekindled hopes that inflation remains in a cooling trend. Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended essentially unchanged.
The Dow Jones Industrial Average fell 2.43 points, or 0.01%, to 38,459.08. The S&P 500 gained 38.42 points, or 0.74%, to 5,199.06. The Nasdaq Composite added 271.84 points, or 1.68%, to 16,442.20, according to a Reuters report.
Asia-Pacific markets were mixed Friday after an inflation-fueled selloff in the previous session, with investor assessing economic data from Singapore and South Korea while awaiting China trade numbers.
South Korea’s benchmark Kospi index was down 0.38%, but the small-cap Kosdaq gained 0.62%. Japan’s Nikkei 225 climbed 0.51%, while the broad-based Topix rose 0.53%. In Australia, the S&P/ASX 200 slipped 0.25%, according to a CNBC.com report.
Foreign institutional investors (FIIs) net bought shares worth Rs 2,778.17 crore, while domestic institutional investors (DIIs) purchased Rs 163.36 crore worth of stocks on April 10, provisional data from the NSE showed.
The NSE has added Balrampur Chini Mills, and National Aluminium Company to the F&O ban list for April 12.
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