Stock Market Today: Nifty 50, Sensex jump on positive global cues; investors pocket ₹3 lakh crore in a day
Emkay Global Financial Services. Also Read: Fed policy outcome: Fed keeps rates steady. What does it mean? Experts explain Following the Fed's announcement, the US 10-year Treasury yield eased to its lowest in more than two weeks to 4.7196 per cent.
The dollar also softened against its peers, giving a boost to the equity markets. After the Fed outcome, the next important data for the market is non-farm payroll data which is expected on Friday. "The next big focal point for the market is non-farm payrolls data on Friday, which analysts expect to show the economy added 180,000 jobs in October, slowing from 336,000 increase the previous month.
It will come after mixed data showed strong job openings and slower-than-expected growth in private payrolls," reported Reuters. Nifty 50 today opened at 19,120 against the previous close of 18,989.15 and touched its intraday high and low of 19,175.25 and 19,064.15 respectively. Nifty 50 closed the day at 19,133.25, up 144 points, or 0.76 per cent.
Sensex today opened at 64,033.40 against the previous close of 63,591.33 and touched its intraday high and low of 64,202.64 and 64,202.64 respectively. The Sensex closed the day with a gain of 490 points, or 0.77 per cent, at 64,080.90. Mid and smallcaps clocked bigger gains.
The BSE Midcap index jumped 1.20 per cent while the Smallcap index rose 0.97 per cent. The overall market capitalisation of BSE-listed companies rose to nearly ₹313.2 lakh crore from about ₹310.2 lakh crore in the previous session, making investors richer by about ₹3 lakh crore in a single session. As many as 170 stocks, including IndusInd Bank, Colgate Palmolive (India), Vodafone Idea, Macrotech Developers, Oberoi Realty and Persistent Systems, hit their fresh 52-week
. Read more on livemint.com
