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sensex today: Market Watch: Nifty needs decisive close above 18,260 level to sustain rally | The Economic Times Podcast

Welcome to ETMarkets Watch, your each day wrap-up to the day on Dalal Road. I’m Nikhil Agarwal.

Amid softer-than-expected wage development within the US and the Fed indicating slower charge hike, Sensex ended 847 factors increased at 60,747.31 whereas the Nifty rallied 1.35% to finish above the 18,100 mark.

At present’s rally left Dalal Road buyers richer by Rs 3 lakh crore because the market capitalisation of all BSE-listed shares rose to Rs 282.79 lakh crore.

The upside was broad-based throughout segments and sectors with underperformer Nifty IT being the highest gainer at 2.83%. Different sectoral winners embrace auto, metallic, banks and FMCG indices. The broader market underperformed with Nifty Midcap100 ending 0.94% increased and Nifty Smallcap 100 up 0.55%.

Inside the Nifty pack, M&M, SBI Life, IndusInd Financial institution, TCS and HCL Tech have been the highest gainers as they rallied over 3% every. Then again, Titan, Bajaj Finserv and Grasim ended within the crimson.

Following Friday’s rally on Wall Road in anticipation of a much less aggressive US Fed, markets in Europe and Asia traded increased.

With the greenback index plunging beneath the 104 stage amid return of risk-on mode, the Indian rupee recorded its greatest day within the final two months to finish 36 factors increased at 82.36. Brent crude futures rose 2.8% to $80.79 a barrel at present.

Mr Ajit Mishra of Religare Broking mentioned Nifty wants a decisive shut above 18260 stage, else the decline would resume.

That’s all for now. Do try for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Get pleasure from your night. Bye Bye.

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