Business

Stock Markets Soar As April’s Retail Inflation Eases

Equity benchmark indices Sensex and Nifty rose on Tuesday after retail inflation fell to an 11-month low of 4.83 percent in April.

The 30-share BSE Sensex surged 328.48 points, or 0.45 percent, to 73,104.61. During the session, it rallied 510.13 points, or 0.70 percent, to 73,286.26.

The NSE Nifty inched up 113.80 points, or 0.51 percent, to 22,217.85.

IRFC, Adani Power, Adani Enterprises, Adani Total Gas, Tata Power, Vedanta, LIC, Adani Green Energy, Jindal Steel & Power, HAL, Ambuja Cements, and IRCTC were the top gainers.

Among the laggards were Cipla, Zomato, Cholamandalam Invest, Avenue Supermarts, Godrej Consumer, Colgate-Palmolive, United Spirits, TCS, and Nestle India.

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

European stocks were trading mixed.

On Monday, US markets concluded on a mixed note.

Brent crude lost 0.17 percent to USD 83.22 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 4,498.92 crore on Monday.

On Monday, the Sensex went up by 111.66 points or 0.15 percent to 72,776.13, while the Nifty moved 48.85 points or 0.22 percent to 22,104.05.

Also read: Vladimir Putin To Travel Beijing This Week

Spriha Rai

Recent Posts

PM Modi Announces Sending Lord Buddha’s Relics To Thailand

PM Modi announced that India will send relics of Lord Buddha, discovered in Gujarat’s Aravalli…

8 hours ago

PM Modi Shares Highlights From Bangkok: A Vibrant Welcome, Community Connect, & The Ramayan!

Prime Minister Narendra Modi highlighted the deep cultural ties between India and Thailand during his…

9 hours ago

Judicial Strength At Risk, Says Delhi HC Bar Association On Justice Singh’s Transfer

The Delhi High Court Bar Association has raised concerns over Justice Chandra Dhari Singh’s transfer…

9 hours ago

PM Modi: Thailand Key To India’s ‘Act East’ Policy & Indo-Pacific Vision

Prime Minister Narendra Modi, during his visit to Bangkok, highlighted Thailand's strategic importance in India's…

9 hours ago

Thailand Releases Commemorative Stamp Showcasing 18th-Century Ramayan Murals During PM Modi’s Visit

Thailand unveiled a commemorative stamp featuring 18th-century Ramayan mural paintings, marking the first day of…

10 hours ago

Centuries-Old Bonds Strengthen As India-Thailand Deepen Partnership: PM Modi

PM Modi and Thai PM Paetongtarn Shinawatra elevate India-Thailand ties to a strategic partnership in…

10 hours ago