Top 5 stocks of the day: Adani Ports, L&T, TCS, SBI Life Insurance, and LTIMindtree are the top Nifty gainers, while Nestle India, Britannia Industries, UPL, Sun Pharma, and JSW Steel are the top losers. The sectors’ indices for capital goods and information technology increased by 1% each, while those for pharmaceuticals and PSU Bank decreased by 0.3 percent each. The smallcap index gained 0.6%, but the BSE midcap index remained unchanged.
Sensex and NSE Nifty50
The Nifty was up 52.20 points, or 0.24 percent, at 21,710.80 at the close, while the Sensex was up 178.58 points, or 0.25 percent, at 72,026.15. A little over 1798 shares rose, 1494 shares fell, and 62 shares remained unchanged. On January 5, Indian equity indices closed higher for a second day in a row, with the Nifty closing at 21,700.
Top 5 stocks of the day
Name of companies | Change | Volume |
Adani Ports | 2.65 | 1,06,22,789 |
L&T | 2.60 | 20,69,018 |
TCS | 1.96 | 19,63,127 |
SBI Life Insurance | 1.60 | 12,58,280 |
LTIMindtree | 1.37 | 4,29,330 |
Dollar rose, heading for its steepest weekly rise
As traders reduced their expectations of early interest rate cuts this year ahead of the release of U.S. payrolls data later in the day, the dollar rose on Friday, heading for its steepest weekly rise since May. The euro and the Japanese yen, which are both down about 0.3% versus the dollar, have been negatively impacted by the strong start of the US dollar. This is ahead of data on inflation in the euro zone at 1000 GMT. The nonfarm payrolls report, which is expected later in the day, will put the dollar’s recovery to the test. According to Reuters polling of economists, there were 170,000 fewer jobs created in December than there were in November (199,000).
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