
Sensex gains over 239 pts; IT shares rally
The key equity indices witnessed modest gains in afternoon trade, buoyed by the Reserve Bank of India's firm monetary policy stance and positive global sentiment. The Nifty traded tad above the 25,100 level. IT shares extended gains for the fourth consecutive trading session.
At 14:30 IST, the barometer index, the S&P BSE Sensex, added 239.15 points or 0.29% to 82,428.14. The Nifty 50 index rose 100.65 points or 0.40% to 25,103.70.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1.07% and the S&P BSE Small-Cap index added 1.12%.
The market breadth was strong. On the BSE, 2,739 shares rose and 1,393 shares fell. A total of 152 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.39% to 14.69.
Economy:
Indias forex reserves dropped by $1.237 billion to $691.485 billion for the week ended May 30, the RBI said on Friday.
For the week ended May 30, foreign currency assetsa major component of the reservesfell $1.952 billion to $584 billion, according to the RBI data.
The gold reserves increased by $723 million to $84.305 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $2 million to $18.569 billion, the apex bank said.
Indias reserve position with the IMF was also down by $6 million at $4.395 billion in the reporting week, the apex bank data showed.
Buzzing Index:
The Nifty IT index added 1.10% to 37,705.55. The index gained 2.42% in four consecutive trading sessions.
Oracle Financial Services Software (up 4.13%), Mphasis (up 2.69%), Persistent Systems (up 1.88%), Coforge (up 1.21%), Tata Consultancy Services (up 1.21%), LTIMindtree (up 1.15%), Infosys (up 0.69%), Wipro (up 0.57%), Tech Mahindra (up 0.48%), and HCL Technologies (up 0.45%) advanced.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.46% to 6.267 from the previous close of 6.230.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.5875 compared with its close of 85.6875 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement shed 0.22% to Rs 96,822.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.31% to 98.87.
The United States 10-year bond yield fell 0.64% to 4.485.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
31 minutes ago
- Time of India
US market today: Wall Street holds steady as traders eye US-China trade talks; Dow slips 0.15% while Nasdaq rises
Wall Street stocks traded flat on Monday as investors watched closely for signs of progress in trade talks between the US and China, the world's two largest economies. The S&P 500 remained flat, trading at a gain of 0.2%, up 1.43 points reaching 6,001.79. The Dow Jones Industrial Average slipped 62.21 points or 0.15%, trading at 42,7000.66. Nasdaq inched up 0.15% or 29.11 points reaching 19,559.06 as of 7:17 PM IST. Officials from both countries met in London to discuss ongoing trade disputes, raising hopes that a resolution could help avoid a recession. Optimism is building around the possibility that Washington and Beijing could eventually strike a deal to scale back the heavy tariffs they've imposed on each other, levies that have disrupted the flow of goods ranging from high-tech gadgets to industrial machinery. While those tariffs are currently paused, hopes for a breakthrough have helped fuel a powerful rally on Wall Street in recent weeks. One of the key drivers behind the S&P 500's rebound, now within just 2.5% of its all-time high, is speculation that the US President Donald Trump may ease tariffs if fresh trade deals are secured. The index had previously slumped around 20% from its record high but has since clawed back most of those losses. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo However, analysts warned that nothing is guaranteed. The latest round of discussions in London follows earlier talks in Switzerland, with market watchers waiting to see whether these diplomatic efforts to reach a conclusion. Warner Bros. Discovery shares surged 11.8% after the media giant announced plans to split into two separate companies. One division will include Warner Bros. Television, HBO Max, and the studio's other iconic entertainment brands, while the other will house CNN, TNT Sports, and various digital and news platforms. Quantum computing firm IonQ rose 3.2% after revealing it will acquire Oxford Ionics in a deal worth nearly $1.08 billion. Meanwhile, Tesla shares fell 3.5%, continuing their recent slide as the electric carmaker grapples with both operational headwinds and a cooling relationship between Elon Musk and Donald Trump. In global markets, European indexes slipped slightly, while Asian markets mostly rose. Hong Kong's Hang Seng jumped 1.6% and Shanghai's index added 0.4%, even as Chinese data showed export growth slowing to 4.8% in May from 8.4% in April. China also reported a 0.1% drop in consumer prices year-on-year—the fourth straight month of deflation. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
42 minutes ago
- Time of India
US stocks open higher as US-China trade talks begin
Wall Street's main indexes opened higher on Monday as investors watched a fresh round of negotiations between the United States and China aimed at mending a trade rift that has rattled financial markets for much of the year. The Dow Jones Industrial Average rose 23.3 points, or 0.05%, at the open to 42,786.19. The S&P 500 rose 4.3 points, or 0.07%, at the open to 6,004.63, while the Nasdaq Composite rose 43.2 points, or 0.22%, to 19,573.138 at the opening bell. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like He Was A Huge Star Before His Plastic Surgery. Guess Who? Cleverst Undo


New Indian Express
an hour ago
- New Indian Express
Markets extend winning streak for fourth session on June 9; Sensex, Nifty close higher
CHENNAI: Indian equity benchmarks extended their winning streak to the fourth consecutive session on Monday, buoyed by positive global cues, robust domestic economic indicators, and supportive monetary policy measures. The BSE Sensex closed at 82,445.21, up 256.22 points or 0.31%, while the NSE Nifty 50 ended at 25,103.20, gaining 100.15 points or 0.4% . Key Drivers Global Sentiment: Investor optimism was fueled by strong U.S. jobs data and progress in U.S.-India trade negotiations, particularly ahead of upcoming talks in London RBI Policy Measures: The Reserve Bank of India (RBI) implemented a larger-than-expected 50 basis point repo rate cut and a 100 basis point reduction in the cash reserve ratio, injecting liquidity into the banking system and boosting investor confidence . Sectoral Performance: All major sectoral indices, except Realty, closed higher. The Nifty PSU Bank index emerged as the top gainer, rising 1.52%, driven by strong performances from public sector banks .