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A weak US dollar against major crosses overseas also supported the domestic unit. However, elevated crude oil prices and sustained foreign fund outflows capped the sharp gain, forex traders said.
The company's shares surged after DMart owner posted a rise of up to 20 per cent in its standalone revenue from operations to Rs 12,393.46 crore for the March quarter.
The Nikkei rose 0.81% to close at 39,773.14, after rising as much as 2% to cross 40,000. The broader Topix ended 0.94% higher at 2,732.00.
The BSE’s Sensex opened at an all-time high of 74,413.82, up 0.72 per cent, compared to the previous close of 73,876.82. The Nifty 50 jumped around 0.7 points to open at a record high of 22,592.10.
Stock Market Highlights: Sensex opened 492.54 points, or 0.67 per cent higher at 74,369.40 while Nifty opened 144.60 points, or 0.64 per cent higher at 22,579.30.
The company will be taking experiences and lessons from FY24, as stepping stones for what lies ahead, he wrote to employees in an internal newsletter.
The 30-share BSE Sensex declined 281.18 points or 0.38 per cent to 73,622.73. The NSE Nifty dipped 93.15 points or 0.41 per cent to 22,360.15.
Stock Market Highlights: Indian benchmark indices rebounded after opening in red. Midcap index remain an outliner after trading marginally higher.
Stock Market Today Live Updates: A day after both Sensex and Nifty recorded all-time highs, equity indices slipped in red territory. Midcap indices, however, advanced.
The rally in frontline indices in the last few sessions suggest that markets have now recovered from the recent correction triggered by market regulator Sebi’s caution on the ‘froth’ in small and mid-cap stocks.
From the Sensex basket, JSW Steel, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tata Motors, and Larsen & Toubro were the major gainers.
Stock Market Highlights: Both Sensex and Nifty closed off highs after hitting their peaks in the first trading session of FY25. Banking, Metal, Auto, IT, Pharma indices remain among top gainers.
Last week, the BSE benchmark climbed 819.41 points or 1.12 per cent.
The world's second-biggest wheat consumer after China has been trying to contain wheat prices after heat waves curtailed production for two straight years, forcing the government to sell record volumes to boost domestic supplies.
Blackwells on Thursday also ratcheted up the pressure on Disney by suing the home of Mickey Mouse in a Delaware court for information it says may point to possible disclosure violations in dealings with hedge fund ValueAct Capital.
The rally was supported by better corporate governance, foreign buying on a weaker yen and expectations that the Bank of Japan will stick with loose monetary policy.
“On the first day, 63 members participated in this optional segment. As many as 41 members traded in 10 scrips and placed a total of 329 orders which resulted into 90 trades,” the BSE said in a release.
Nestle, State Bank of India, Power Grid, Tata Steel, Larsen & Toubro and Mahindra & Mahindra were the other major gainers. In contrast, Tech Mahindra, Axis Bank and Reliance Industries were the laggards.
From the Sensex basket, Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Power Grid and Infosys were the major gainers. HCL Technologies, Maruti, Tech Mahindra and Asian Paints were among the laggards.
Stock Market Highlights: Sensex and Nifty have extended their gains on the last trading session of FY23-24 financial year. During the intraday session, frontline indices inched higher compared to midcap and smallcap indexes.
The domestic currency fell to a low of 83.45 against the greenback during the intraday trades. The rupee opened at 83.33 compared to the previous close of 83.29 against the dollar.
The blue-chip NSE Nifty 50 index settled 0.54% higher at 22,123.65, while the BSE Sensex rose 0.73% to 72,996.31.
The price band has been set in the range of Rs 100 to Rs 106 apiece of the face value of Rs 10 each. Investors can place a bid for a minimum for 1,200 equity shares and in multiples of 1,200 thereafter.
Indian markets currently operate on a T+1 settlement cycle for all stocks currently, which means that the purchase and sale of shares will reflect in the demat accounts of investors one day after the transaction.
At the interbank foreign exchange, the rupee opened at 83.33 against the dollar and touched an early low of 83.34 in initial trade, registering a fall of 5 paise over its previous close. It was later trading at 83.31 against the American currency.