{"id":36532,"date":"2023-07-19T10:58:56","date_gmt":"2023-07-19T10:58:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/07\/19\/sensex-nifty-gain-for-5th-straight-session-post-new-highs\/"},"modified":"2023-07-19T10:58:56","modified_gmt":"2023-07-19T10:58:56","slug":"sensex-nifty-gain-for-5th-straight-session-post-new-highs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/07\/19\/sensex-nifty-gain-for-5th-straight-session-post-new-highs\/","title":{"rendered":"Sensex, Nifty Gain For 5th Straight Session, Post New Highs"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> As Indian shares turned in another fine performance, the benchmark indices Sensex and the Nifty continued to climb higher and posted fresh intraday and closing highs on Wednesday.<\/p>\n<p>Sustained foreign fund inflows and rising expectations the Federal Reserve is close to end its interest rate hiking cycle contributed to the positive mood in the market.<\/p>\n<p>The benchmark BSE Sensex ended with a gain of 302.30 points or 0.45% at 67,097.44 after hitting a new high at 67,171.38. <\/p>\n<p>The National Stock Exchange&#8217;s Nifty50, which climbed to 19,815.70, settled with a gain of 83.90 points or 0.42% at 19,833.15.<\/p>\n<p>NTPC surged nearly 3%. Bajaj Finance, UltraTech Cement, Bajaj Finserv, Sun Pharmaceutical Industries, Tata Motors, BPCL, Power Grid Corporation, Relianve Industries and ITC gained 1 to 2.3%.<\/p>\n<p>PSU bank stocks posted impressive gains. Sector heavyweight State Bank of India gained about 1.5%. Bank of Maharashtra rallied 5.4% after reporting a stong 95.2% jump in net profit in the first quarter.<\/p>\n<p>Punjab National Bank climbed 4.3%. Canara Bank, Union Bank of India, IOB, UCO Bank and Bank of Baroda gained 1 to 3%.<\/p>\n<p>Private sector bank IndusInd Bank moved up more than 2%, after reporting a 32.5% surge in standalone net profit for the quarter ended June 2023.<\/p>\n<p>L&amp;T Technology Services shares gained 1.8%. The company reported a 13% year-on-year increase in net profit at Rs 311.1 crore in the first quarter of the current financial year.<\/p>\n<p>ICICI Prudential Life ended lower by 2.7%, weighed down by a 4% drop in annualised premium equivalent to Rs 1,461 crore for the quarter ended June 2023.<\/p>\n<p>Tata Tele (Maharashtra), Finolex Cables, TV 18 Broadcast and Tejas Networks climbed 7.5 to 10%.<\/p>\n<p>RBL Bank, Jubilant Pharma, Bharat Forge, Sundaram Fasteners and MRPL ended notably lower.<\/p>\n<p>The market breadth was strong. On BSE, 1,998 stocks closed higher, and 1,413 stocks posted losses, while 126 stocks settled flat. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Gain For 5th Straight Session, Post New Highs<\/a><br \/>\n<br \/>2023-07-19 10:58:56<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Indian shares turned in another fine performance, the benchmark indices Sensex and the Nifty continued to climb higher and posted fresh intraday and closing highs on Wednesday. Sustained foreign&#8230;<\/p>\n","protected":false},"author":2,"featured_media":36533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-36532","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=36532"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/36533"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=36532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=36532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=36532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}