ET Market Watch: Sensex rises 410 points, realty & pharma lead gains; Oil up, Rupee weakens | The Economic Times Podcast
Sensex closed up by 410 points at 81,597, and Nifty gained 130 points to end at 24,813.
Top sectors
The big winners were realty, pharma, and financial services stocks — they pushed the market higher.
Top stocks
Tata Steel, BEL, and Cipla were among the top gainers today. Only consumer durables closed in the red.
Market mood & expert view
Experts say markets are cautious because of ongoing India-US trade talks and worries about the US economy.
Global Markets
The Nikkei fell 0.61% on yen strength, while Hong Kong’s Hang Seng rose 0.62%, boosted by gold and battery stocks.
In the US, Dow, S&P 500, and Nasdaq slipped between 0.27% and 0.39%, and the UK’s FTSE 100 edged down 0.04%.
Crude Oil
Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities — and that raised fears of a supply disruption in the Middle East. Brent rose 1.2%, to $66.17 a barrel while the US WTI rose 1.3%, to $62.85.
Currency update
The Indian Rupee struggled against the dollar due to global pressures and fund outflows. 85.68 against the USD. So, watch out for dips and consider this a chance to invest smartly in quality stocks.
