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Sensex today: Sensex ends at one-month high ahead of Q1 earnings season

by WOOWinvest
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Sensex today: Sensex ends at one-month high ahead of Q1 earnings season


The bulls tightened their grip on markets, with benchmark indices scaling one-month peaks on Thursday, led by gains across the sector. Even though the minutes of the Federal Reserve’s last meeting showed policymakers’ resolve to continue hiking rates, softer oil prices soothed investor nerves over the pace of tightening.

The 30-share pack Sensex advanced 427 points or 0.80 per cent to close at 54,178. Its broader peer, Nifty50, rose 143 points 0.89 per cent and managed to close above the 16,000 mark.

“The penultimate day ahead of the earnings season witnessed buoyancy as bulls pressed the accelerator with the south-west monsoon lashing the financial capital,” said S Ranganathan, Head of Research at

The sentiment was also lifted by a rally in European markets on news of the resignation of UK Prime Minister Boris Johnson and gains in

shares after the Q1 business update. Equity investors gained over Rs 5 lakh crore in the 2-day market rally.

From the 30-share pack Sensex, Titan,

L&T, , M&M and were the top gainers, rising between 2-6 per cent. , SBI, and NTPC also settled on a positive note. On the flipside, Dr Reddy’s, , and settled 1 per cent lower.

Broader markets mirrored gains in the benchmark indices, with the Nifty Midcap and smallcap rising over one per cent each.

Financials led the rally, with the market breadth showing a marked improvement as several stocks in the small & midcap space saw keen investor interest.

Market at a glance:

rises over 3% after men’s innerwear brand launch Star Health soars 10% after Credit Suisse sees 20% upside jumps nearly 3% on Q1 update advances 8% after co launches two more hill station hotels Shares of gains 8% as Jhunjhunwala maintained stake in Q1 All sectoral indices, barring FMCG settled in the black today. Metal and PSU banks were the lead gainers, rising over 3 per cent each. Nifty Realty rose 2.6 per cent while Nifty Bank and Auto sectors ended over 1 per cent higher.

Market breadth was firmly in favour of the gainers, as the advance-decline ratio stood at 5:2 on BSE. About 2,266 shares advanced, 1,022 declined, and 150 shares were unchanged. About 244 stocks hit upper circuit limits and 133 were locked in lower circuits.

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