Sensex Gains 256 Points To End Day At 62,803, Nifty Closes Above 18,598

Sensex Gains 256 Points To End Day At 62,803, Nifty Closes Above 18,598

Auto and financial stocks were the driving force as leaders in the pack of gainers.

FPJ Web DeskUpdated: Monday, June 05, 2023, 05:52 PM IST
article-image

Driven by auto and financial stocks, Sensex went up by 256 points to end the day on 62,803. Nifty also settled above 18,598 points up 0.35 per cent.

The domestic indices managed to stay in the green for the second straight day, thanks to positive global cues, as hopes for the US federal reserve pausing its rate hikes are high.

European markets made small gains and US stock futures also remained firm due to the positivity about a respite from rate hikes.

At the same time, rising crude prices driven by a production cut in Saudi Arabia and the US dollar gaining strength, restricted the surge for global markets.

The US senate's decision to pass the debt ceiling bill that averted an economic crisis, was also a factor behind the upbeat market sentiment.

More than 240 stocks scaled their a 52-week high, with Tata Motors, Titan and Mahindra leading the pack.

State-owned oil firms BPCL and HPCL registered a 1 per cent drop because of the change in oil prices.

RECENT STORIES

Lamborghini Unveils First Logo Redesign In 20 Years

Lamborghini Unveils First Logo Redesign In 20 Years

King Of Crypto In Jail: Sam Bankman-Fried Imprisoned For 25 Years

King Of Crypto In Jail: Sam Bankman-Fried Imprisoned For 25 Years

Skoda Superb Poised For Return To India – Speculated Launch On April 3!

Skoda Superb Poised For Return To India – Speculated Launch On April 3!

MGNREGA Wage Surge: Centre Announces 3-10% Wage Increase For Rural Workers; Haryana Tops At...

MGNREGA Wage Surge: Centre Announces 3-10% Wage Increase For Rural Workers; Haryana Tops At...

Banks To Stay Open On Sunday: Upon Government Request, RBI Asks Lenders To Function On March 31

Banks To Stay Open On Sunday: Upon Government Request, RBI Asks Lenders  To Function On March 31