Record Close for Sensex Above 80,000! Key Highlights from Today’s Trade

The Indian stock market continued its remarkable run, rising for the seventh straight session. Sensex closed above 80,000 and Nifty near 24,330. The rally was fueled by strong global cues, with U.S. futures surging and European indices trading sharply higher. On the flip side, gold prices dipped from recent highs and the rupee weakened slightly, tracking the strength of the U.S. dollar and global currency movements.

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Stock Market Highlights, April 23:

• Indian equities climbed steadily – Sensex closed at 80,116.49 (+0.65%) and Nifty at 24,328.95 (+0.67%), tracking global optimism.
• Strong global rally – Strong gains in U.S. futures and Asian indices lifted sentiment; European markets are up over 2% mid-session.
• Gold cools off, Rupee weakens – Gold prices declined; INR slipped against major currencies amid a stronger dollar and yen volatility.
   

Indian Market Closing Cues

Sensex Closing Today: 80,116.49 (0.65%)
Nifty Closing Today: 24,328.95 (0.67%)
 

Asian Markets Performance

Nikkei: 34,868.63 (1.89%)
Hang Seng: 22,072.62 (2.3%) 
Shanghai Composite: 3,685.59 (-0.10%) 
 

European Market Mid-Session Update

FTSE 100: 8,438.74 (1.32%)
DAX: 21,876.98 (2.74%)
CAC 40: 7,484.23 (2.15%)
STOXX 50: 11,497.50 (1.65%)
 

US Market Live Today

Dow Jones Futures Today: 39,970.00 (1.56%)
NASDAQ Futures Today: 18,829.25 (2.42%)
S&P 500 Futures Today: 5,236.75 (1.00%)
*As of 15:25 IST

Gold Price Today

Gold prices in India have reversed their upward trend, experiencing a decline today and returning to the levels seen on April 21. Currently, 24K gold is priced at ₹9,835 per gram, while 22K gold is valued at ₹9,015 per gram.

Silver Price Today

Silver rates today are also stable, trading at ₹101.00 per gram.

Sensex & Nifty: Afternoon Update

Nifty 50: 24,201.40 (0.14%)
BSE Sensex: 79,721.34 (0.16%)
*As of 12:17 IST

Key Factors Impacting INR Today:

• Dollar Strength: The Indian Rupee (INR) is influenced by the strength of the US Dollar, with the USD/INR currently at 85.4832, reflecting a 0.29% increase, indicating ongoing dollar strength.
• Global Currency Movements: Other major currencies like the Euro (EUR) and British Pound (GBP) are also impacting INR, with EUR/INR at 97.3100 and GBP/INR at 113.8115, both reflecting upward trends of 0.65% and 0.62%, respectively.
• Yen Volatility: The Japanese Yen (JPY) is experiencing notable volatility against the INR, with JPY/INR at 0.6031, showing a 1.04% increase.

Currency Market Overview:

USD/INR: 85.4832 (0.29%)
Dollar Index (DXY): 99.22 (0.24%)
EUR/INR: 97.3100 (0.65%)
GBP/INR: 113.8115 (0.62%)
JPY/INR: 0.6031 (1.04%)
*As on 12:12 IST

Stock Market Outlook Today:

• Flat-to-Positive Start Expected: Gift Nifty, hints at a muted open. PCRs above 1 indicate bullish bias, but Max Pain levels at 24,000 (Nifty) and 54,800 (Bank Nifty) suggest limited upside.
• Global Cues Turn Strong: U.S. markets rallied over 2.5%, and Asian indices are trading firm, setting a positive tone.
• FIIs Buy, Crude Steady, Yields Ease: FIIs net bought ₹1,290.4 crore, offsetting DII outflows. Stable crude and a dip in U.S. bond yields support the risk-on sentiment.
   

Indian Market Cues:

Gift Nifty: 24313.5 (0.02%)
Nifty PCR: 1.0811
Nifty Max Pain: 24000
Bank Nifty PCR: 1.1085
Bank Nifty Max Pain: 54800
Nifty Previous Closing: 24,167.25 (0.17%)

Global Market Cues (US Indices):

Dow Jones: 39,186.98 (2.66%)
Nasdaq: 16,300.42 (2.71%)

Asian Markets: 

Nikkei: 34,865.90 (1.89%)
Hang Seng: 22,083.15 (2.42%)
Shanghai Composite: 3,690.80 (0.038%)

Crude Oil Prices

64.04 (0.58%)

Bond Yields

US 10-Year Treasury Yield: 4.35% (-0.039%)

FII/DII Activity

Foreign Institutional Investors (FIIs) Net Buy/Sell: 1290.4
Domestic Institutional Investors (DIIs) Net Buy/Sell: -885.6
*As of 09:20 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.