Indian Benchmark Indices:
BSE Sensex: Surged 76 points or 0.10% to 73,961.
NSE Nifty: Gained 42 points or 0.19% to 22,531.
Market Movement:
Early gains pared, closed slightly higher.
Caution ahead of national election results next week.
Election Details:
Election concludes on June 1.
Vote counting on June 4.
Investors awaiting exit polls projections post-voting.
Economic Data:
Fourth-quarter domestic GDP data due later today.
Expected slower growth compared to the previous quarter.
Top Gainers on Sensex:
Bajaj Finance, Tata Steel, HDFC Bank, Power Grid, IndusInd Bank.
Top Laggards on Sensex:
Nestle India, TCS, Maruti, Infosys, Axis Bank.
Individual Stock Highlight:
Muthoot Finance: Closed 2.4% higher after strong Q4FY24 performance.
Sectoral Performance:
Nifty Realty: Ended 2.3% higher, led by Lodha, Brigade, Prestige.
Sectors in Red: 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%, at $82.00 a barrel.
U.S. West Texas Intermediate (WTI) Crude:
Down 4 cents or 0.05%, at $77.87 a barrel.
Investor Focus:
Awaiting U.S. inflation data for demand outlook.
Attention turning to Sunday’s OPEC+ meeting for supply decisions into next year.
Currency Watch:
Declined on Friday due to month-end dollar demand from importers.
Investors awaiting the outcome of the country’s general elections for fresh cues.
Ended at 83.4625 to the U.S. dollar, down from 83.3175 in the previous session.
