-Sensex and Nifty logged fresh lifetime highs intraday today, closed marginally higher
-The indices were mainly led by IT and financial stocks
-This was due to cooling US inflation which ultimately outweighed higher-than-expected domestic inflation
-Sensex rose 0.25% and closed above the 65,500 mark
-Nifty surged 0.15% to end above the 19,400 mark
Gainers and losers
TCS and Infosys were the top gainers.
Both rose over 2% each.
Tech Mahindra, Bajaj FInserv, ICICI Bank, Axis Bank, and Wipro also closed higher.
When it comes to losers – Power Grid, Maruti, NTPC, HUL, Nestle and Reliance Industries closed lower.
Global Markets
Global stocks traded around their highs for the year due to cooling inflation in the US along with the end of rate hiking cycle as soon as this month.
Japan’s Nikkei rose 1.5%, while China’s Shanghai Composite surged 1.26%.
Oil and Rupee
Global oil benchmark Brent hovered above $80 a barrel. This was fuelled by US inflation data as well.
US WTI crude futures were up 11 cents at $75.86. The Indian rupee ended higher due to broad weakness in the dollar. The rupee ended at 82.0725 against the dollar
