Meanwhile, Asian shares slipped on Friday, while the dollar rose to a near six-week high as economic data and hawkish comments from Federal Reserve officials revived fears that the US central bank may be on its way to monetary tightening. Will last
Data from the US Labor Department showed monthly producer prices accelerated in January, while a separate report from the agency showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, the news agency reported. reuters informed of.
US stock indexes ended sharply lower on Thursday as the week’s economic data underscored a steady inflation and an economy that remained relatively strong.
Indian indices closed marginally higher on Thursday amid volatility during the last minutes of trading hours on concerns over rising inflation and fears of monetary tightening around the world.
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The BSE Sensex closed at 61,319.51, a marginal gain of 44.42 points or 0.07 per cent. During the day, it gained 407.16 points, or 0.66 per cent, to 61,682.25.
nse smelly It closed 20 points, or 0.11 percent, higher at 18,035.85.
“Markets ended marginally higher in a trading session marked with high volatility. After falling in Adani Group shares in recent weeks, traders are taking a cautious approach.
Shrikant Chauhan, head of equity research (retail), Kotak Securities, said, “With inflation levels on the rise once again, there are concerns that central banks across the world may continue their rate hike trend, which could impact growth.” can further harm and undermine sentiment.”
From Sensex firms, Tech Mahindra jumped 5.58 per cent, followed by Nestle, Tata Steel, NTPC, Tata Consultancy Services, Asian Paints, Wipro and Bajaj Finserv.
Mahindra & Mahindra, Hindustan Unilever, Axis Bank and Bajaj Finance were among the major laggards.
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In the broader market, the BSE Midcap gauge climbed 0.93 per cent and the Smallcap index climbed 0.90 per cent.
Sectoral indices gained 1.34 per cent realty, 1.28 per cent metal, 1.27 per cent IT, industrial (1.13 per cent), commodities (1.08 per cent) and capital goods (0.97 per cent).
Financial Services, FMCG, Auto and Bankex declined.
According to an official order, the government has reduced the windfall profit tax on exports of diesel and ATF to the lowest level, as well as reduced the levy on domestically produced crude in line with softening international oil prices.
According to exchange data, foreign portfolio investors (FPIs) were net buyers as they bought shares worth Rs 432.15 crore on Wednesday.
In Asian markets, Japan, South Korea and Hong Kong closed with gains, while China closed down.
European markets were trading in the green. US markets closed in positive territory on Wednesday.
International oil benchmark Brent crude fell 0.35 per cent to $85.08 per barrel.
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