ET Market Watch: Sensex gains 319 points, Nifty maintains lead over 23,300 | The Economic Times Podcast

Welcome to a brand-new episode of ET Market Watch! Your daily dose of market updates, stock movements, trends & more. This is your host Neha V Mahajan, Let’s dive into it

1. – Sensex gained 318.74 points, closed at 77,042.82.
– Nifty 50 rose 98.60 points and ended at 23,311

2. Key Sector Movers:
– Financials led the rally:
– Nifty Financial Services +1.3%.
– Nifty Bank +1.3%.
– Nifty PSU +2.7%.
– HDFC Life Insurance surged 8%, posting a 14% rise in Q3 net profit.
– Punjab & Sind Bank jumped 6.8% on strong quarterly results.

3. Stock Movers:
– *Reliance Industries* and *Axis Bank* gained *1.1%* each.
– *Infosys* declined *1.1%* ahead of quarterly results.

4. Global Markets:
– U.S. inflation easing boosted hopes for Fed rate cuts, lifting global markets.
– Asian indices:
– Japan’s Nikkei +0.3%.
– Hang Seng +1.2%, Shanghai Composite +0.3%.
– European markets:
– FTSE 100 +0.7%, DAX flat (-0.1%).

5. Upcoming Results:
– Reliance Industries, Axis Bank, and Infosys set to release Q3 earnings.