Market Closing: Sensex Swings 1220 Points Intraday, Ends 677 Points Higher, Nifty Near 22,400

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Sensex Today: Benchmark indices swung sharply in trades on Thursday as investors adjusted their positions during the weekly F&O expiry. The S&P BSE Sensex oscillated 1,220 points during the day, before closing at 73,6634, up 677 points or 0.93 per cent.

The Nifty50, meanwhile, moved in a range of 22,055 to 22,432, before shutting shop at 22,404, up 203 points or 0.92 per cent.

M&M, Tata Consumer Products, Tech M, Bharti Airtel, LTIMindtree, Infosys, Titan, and HDFC Life were the top gainers on the 50-stock index, rising between 2 per cent and 4 per cent.

The broader MidCap, and SmallCap indices, meanwhile, stayed range-bound, settling 1.07 per cent and 0.85 per cent higher, respectively.

Among sectors, the Nifty PSU bank index was the only loser (down 0.88 per cent). On the upside, the Nifty Realty climbed 1.63 per cent, the Nifty Media (1.2 per cent), and the Nifty Financial Services (1 per cent).

Global Cues

Asian stock markets experienced a rally on Thursday, propelled by Wall Street’s surge to record highs overnight. This surge followed a US inflation report showing milder-than-expected results, fueling expectations that the Federal Reserve may implement at least two rate cuts within the year.

Wall Street’s three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1 per cent, after a smaller-than-expected rise in consumer inflation bolstered investors’ hopes for interest rate cuts by the Federal Reserve.

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