Stock Market Today: Sensex, Nifty End Higher; Realty Stocks Rally Led by Sobha


by Sandip Das on 4 January 2024,  4 min read

Stock Market Today: Sensex, Nifty End Higher; Realty Stocks Rally Led by Sobha - MyDhanush Blogs by Ashika

The Indian stock market ended on a strong note on January 4, 2024, after 2 consecutive days of losses. Sensex jumped 490 points at the 71847 mark while Nifty rallied 141 points and ended the session at the 21658 mark.

On the sectoral front, the realty index surged 6 percent followed by power which added 2 percent. Banks, capital goods, pharma, and oil & gas gained 0.5 percent each.

Around 1691 stocks advanced and 874 declined while 100 stocks remained unchanged.

Also read: NPCI launches UPI-Based System for Secure & Streamlined Secondary Market Trading

Among the realty names, the top gainers included Sobha which zoomed almost 16 percent followed by Lodha, Godrej Properties, and DLF.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Bajaj Finance 7698.6 4.25
Tata Consumer Products 1123.65 3.57
NTPC 317 3.53
ONGC 214.5 3.00
IndusInd Bank 1645.9 2.79
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Dr Reddy’s Labs 5832.45 -1.68
BPCL 453.9 -1.55
LTI Mindtree 5877 -1.41
HCL Technologies 1420.5 -1.20
Hero MotoCorp 3945 -1.12
Asian markets end mostly lower

Asian markets ended the session mostly lower on January 4 with Nikkei shedding 0.5 percent at the 33,288. Hang Seng ended flat while Kospi shed 0.78 percent and ended at a 2,587.02 level.

European markets trade higher

European markets at opening on January 4, 2024, were trading in the green with FTSE up 0.09 percent at the 7,689 mark while CAC added 0.31 percent at the 7437 level. German DAX gained 0.29 percent and was trading at 16,593 level.

Oil extends gains

Oil rose more than 1 percent on Thursday, adding to gains in the previous session on concerns over Middle Eastern supply following disruptions at an oilfield in Libya and heightened tensions regarding the Israel-Hamas war.

Brent crude rose 92 cents, or 1.2 percent, to $79.17 a barrel by 0908 GMT, while US West Texas Intermediate crude futures rallied 93 cents, or 1.3 percent, to $73.63.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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