The domestic stock market opened with gains for the second consecutive day on Thursday. Both the BSE Sensex and the NSE Nifty started trading at fresh record highs today. The benchmark Sensex of the Bombay Stock Exchange was trading at a level of 76986.08 with a gain of 379.51 points at 9:21 am. Similarly, the Nifty of the National Stock Exchange was also trading at a level of 23,443.35 with a gain of 120.40 points.
Big movement in these stocks
Nestle India, Divi’s Labs, HDFC Life Insurance, SBI Life Insurance and Shriram Transport Finance are trading as top gainers on the NSE Nifty 50 index on Thursday, while Hindustan Unilever, Britannia Industries, Tata Consumer Products and ICICI Bank are trading as top losers.
crude oil situation
WTI crude oil prices are currently trading at $78.31, a marginal drop of 0.01%. Brent crude oil prices are trading at $82.47 as of Thursday morning, showing a marginal increase of 0.09%.
Federal Reserve keeps rates unchanged
The US Federal Reserve announced on Wednesday that it would keep its key interest rate unchanged, while also indicating that only one rate cut can be expected before the end of the year. This is a significant change from earlier forecasts, which had predicted three rate cuts, as inflation remains persistently high despite a recent easing.
Investors made great purchases
According to provisional data from the NSE, foreign institutional investors (FIIs) made net purchases of ₹427 crore while domestic investors (DIIs) made net purchases of ₹234 crore on June 12. On Wednesday, FIIs bought ₹15,273 crore and sold ₹14,847 crore while DIIs bought ₹13,652 crore and sold ₹13,418 crore.
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