Sensex ends 165 points higher; Nifty settles at 10614

Sensex ends 165 points higher; Nifty settles at 10614

India's most valued firm Tata Consultancy Services touched a market capitalization of $100 billion today, a first for any Indian company, but the benchmark indices set none of those records in today's trade. The Nifty 50 too couldn't sustain its gains of 56 points and closed only 20.70 points higher at 10584.70. The BSE Sensex rallied 165.87 to settle at 34,616.64 and the NSE Nifty ended 29.65 points higher at 10,614.35.

This is published unedited from the PTI feed.

Major gainers in the 30-share index were Reliance Industries (3.70%), Mahindra & Mahindra (1.94%), Adani Ports and Special Economic Zone (1.74%), ICICI Bank (1.66%), HDFC (1.31%) and Larsen & Toubro (1.25%).

On the other hand, shares of Bharti Airtel fell 0.94 per cent and IDFC Bank dropped 0.10 per cent, ahead of their Q4 results scheduled to be announced Tuesday.

The rupee depreciated 21 paise to 66.59 against the United States dollar today at the interbank foreign exchange due to appreciation of the greenback amid rising USA bond yields and surge in global crude oil prices.

In contrast, the BSE market breadth remained bearish with 1,497 declines and 1,180 advances. The yield on the 10-year Treasury note rose to 2.99 percent from 2.98 percent.

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However, gains were capped by a fall in metal stocks that slipped after a fall in Aluminium prices on the London Metal Exchange (LME).

Worldwide oil prices hit their highest levels since late 2014 due to expectations of renewed USA sanctions against Iran and as OPEC continued withholding supplies amid strong demand.

Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 69, or 0.22 percent, to Rs 31,363 per ten grams in 223 lots.

On a net basis, domestic institutional investors had bought shares worth a net Rs 111.01 crore, while foreign portfolio investors (FPIs) sold shares worth a net Rs 21.02 crore on Friday.

In other Asian markets, Hong Kong's Hang Seng rose 1.20 percent while Japan's Nikkei was up to 0.67 percent in early trade.

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