Sensex Today | Nifty 50 | Stock Market Live Updates: Indian stock markets closed higher on Friday, Sensex and Nifty were mainly led by the IT sector after Infosys announced quarterly results which were better than expected and also raised the revenue growth guidance for the full year. In the initial hour of trading, the Sensex was up by as much as 650 points. Reliance Industries will release its Q3 results today, and analysts are expecting a strong show from its refining division, which would be led by higher diesel cracks and a weaker rupee.
Author : Akshita Jain | EQmint | Market News
The market atmosphere is generally positive with strong buying seen in IT, banking, financials and PSU banks. Realty and metals are also showing strength, while FMCG is stable. Some defensives and healthcare are lagging, which shows a slightly risk-on tone with growth and rate-sensitive sectors leading.
Commodities Market
- Gold continued its decline on Friday as the positive U.S. economic data, which was better than expected, led to fewer chances of the U.S Federal Reserve cutting interest rates soon.
- Also, easing geopolitical tensions led to a reduced safe-haven demand for gold.
- Gold for immediate delivery fell 0.4% to $4,598.52 per ounce by 0426 GMT. But the metal seems to be heading for a weekly gain of approximately 2% after touching a record high of $4,642.72
- Silver for immediate delivery dropped 1.8% to $90.70 per ounce but is set for the weekly rise of over 13% following an all-time high of $93.57 in the previous session.
- At the same time, platinum for immediate delivery went down 2.8% to $2,342.14 per ounce, while palladium was down 2.3% to $1,759.07 per ounce, after reaching a one-week low.
Bonds Market
- Indian government bonds dipped in early Friday deals as traders adopted a cautious stance ahead of a weekly debt auction, and saw that the central bank’s bond-buying has been concentrating on less-traded securities.
- The 10-year benchmark yield was at 6.6692% at 10:30 a.m. IST. It closed at 6.6498% on Wednesday. The debt market was closed on Thursday due to a local holiday.
- After purchasing bonds worth 2.5 trillion rupees in the past month, the RBI will be buying 500 billion rupees worth of bonds next week.
- The 1-year OIS climbed 1.75 bps to 5.53%. The two-year swap rate increased by 2 basis points to 5.6175%, and the five-year OIS rate broke a key resistance level at 6.0125%, rising 2.75 bps for the day.
Sensex Today | Nifty 50 | Stock Market Live Updates:
Shares of Cipla plummeted on Friday after production of Lanreotide Injection was stopped due to the USFDA’s finding at the Greek partner of Cipla. Supply is estimated to be restored in H1 FY27. The stock is trading near oversold levels, with bearish technical indicators, as investors are worried about the limited availability of one of the top US products.
Sectoral outlook: Sensex Today | Nifty 50 | Stock Market Live Updates
Market sentiment continues to remain broadly positive with IT, banking, financials and PSU banks, leading the way with strong buying. Realty and metals are also witnessing strength, whereas FMCG is holding the line. Some select defensives and healthcare are lagging, thus backing up the view of a mildly risk-on tone with leadership coming from growth and rate-sensitive sectors.
Sensex Today | Nifty 50 | Stock Market Live Updates
Vedanta shares ended their four-day winning streak on Thursday as they fell 1.7% on high trading volumes. However, the stock had rallied sharply in recent sessions. The scrip had surged nearly 12% over the past four trading days to settle at Rs 675.70 in the previous session, before profit-taking set in during today’s trade.
Sensex Today | Reliance Industries, Tata Technologies, Wipro, Tech Mahindra, among others, to declare earnings today
Today, the following companies are set to announce their quarterly results: Reliance Industries, Wipro, Tech Mahindra, Tata Technologies, Bajaj Healthcare, Central Bank of India, Federal Bank, Geojit Financial Services, JB Chemicals & Pharmaceuticals, Jindal Saw, JSW Infrastructure, Kesoram Industries, L&T Finance, Polycab India, Poonawalla Fincorp, Sobha, and Leela Palaces Hotels & Resorts.
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