The BSE Midcap index closed 0.29 per cent higher at 27,372.73 while the Smallcap index ended with a gain of 0.51 per cent at 31,043.53.Īs many as 246 stocks, including Tata Motors, Titan, Trent, Mahindra and Mahindra, Lupin, IndusInd Bank, IndiGo, DLF, Bajaj Auto, Apollo Hospitals and Bharat Electronics, hit their fresh 52-week highs in intraday trade on BSE. The all-time high of the BSE Smallcap index is 31,304.44, which it hit on January 18, 2022. The BSE Midcap index hit a fresh all-time high of 27436.99 in intraday trade while the BSE Smallcap index hit its 52-week high of 31134.81. The index closed the day with a gain of 240 points, or 0.38 per cent, at 62,787.47 while the Nifty ended at 18,593.85, up 60 points, or 0.32 per cent. Sensex opened 212 points higher at 62,759.19 and rose 396 points to hit the intraday high of 62,943.20. services industry will give fresh evidence about the strength of the economy after Friday’s bumper jobs report," a Wall Street Journal report stated. “With the debt ceiling resolved and earnings season out of the way, investors are training their focus on the Federal Reserve’s meeting next week. However, the Fed may resume hiking rates later if they do not see a significant and sustained fall in inflation.
There have been signals from several Fed officials of late that the central bank may take a pause this time to assess the impact of the rate hike on the economy. The rupee fell 37 points, to end at 82.68 per dollar, as per Bloomberg data. The dollar's rise and elevated crude oil prices exerted pressure on the domestic currency.
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