Indian Benchmark Indices:
BSE Sensex: Up 76 points or 0.10 per cent to 73,961.
NSE Nifty: Up 42 points or 0.19% to 22,531.
Market trend:
The early gains narrowed and the market closed slightly higher.
Caution is needed ahead of next week’s general election results.
Election details:
The election closes on June 1st.
The votes will be counted on June 4th.
Investors are waiting for exit poll forecasts after the vote.
Economic data:
Fourth quarter domestic GDP data is due to be released later today.
Growth is expected to slow compared to the previous quarter.
Top Sensex Gainers:
Bajaj Finance, Tata Steel, HDFC Bank, Power Grid and IndusInd Bank.
Sensex Top Laggards:
Nestle India, TCS, Maruti, Infosys and Axis Bank.
Individual Stock Highlights:
Muthoot Finance: Ended 2.4% higher following strong Q4FY24 performance.
Sector performance:
Nifty Realty: Ended 2.3% higher on strength in Lodha, Brigade and Prestige.
Red Sectors: Nifty IT, Media, FMCG, Pharma, Healthcare.
Broader market performance:
Nifty Midcap100 and Smallcap100: Both rose 0.5% each.
crude oil:
Brent Futures:
Up 14 cents, or 0.17%, to $82.00 per barrel.
US West Texas Intermediate (WTI) Crude Oil:
It was down 4 cents, or 0.05%, to $77.87 a barrel.
Investor focus:
The demand outlook is awaited from US inflation data.
All eyes are on the OPEC+ meeting on Sunday to decide next year’s supplies.
Currency Watch:
It fell on Friday due to month-end demand for dollars by importers.
Investors are awaiting the results of the country’s general election for new clues.
It ended at $83.4625, down from $83.3175 the previous day.
