Markets Close Higher; Sensex Advances 204 Points

The benchmark equity indices Sensex and Nifty concluded higher on Thursday, following retail inflation falling to a one-year low in May.

The BSE Sensex climbed 204.33 points, or 0.26 percent to 76,810.90. The NSE Nifty jumped 75.95 points, or 0.32 percent to 23,074.30.

According to the official data, retail inflation fell to a one-year low of 4.75 percent in May, owing to a small decline in food prices, and remained within the Reserve Bank’s comfort zone of less than 6 percent.

Cholamandalam Invest, Siemens, HAL, Shriram Finance, HDFC Life Insurance, Bharat Electronics, Bosch, Divi’s Labs, Zomato, ICICI Prudential, Titan, and Power Finance Corp were the top gainers.

Among the laggards were Marico, Hindustan Unilever, Adani Green Energy, Dabur India, IRFC, United Spirits, Bajaj Holdings, ICICI Bank, Axis Bank, Bharti Airtel, Eicher Motors, Britannia Industries, and Vedanta.

In Asian markets, South Korea, Taiwan, Hong Kong, and Malaysia closed higher, while Singapore, Tokyo, Thailand, Indonesia, and Shanghai ended lower.

US markets closed mostly with gains on Wednesday.

European stocks were trading lower on Thursday.

Brent crude lost 0.71 percent to USD 82.01 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 426.63 crore on Wednesday.

On Wednesday, the Sensex inched up 149.98 points, or 0.19 percent to 76,606.57, while the Nifty moved 58.10 points, or 0.24 percent to 23,322.95.

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