Sensex, Nifty Close Higher, Gold Prices Rise

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The Sensex and Nifty closed higher on Wednesday, tracking gains in global markets. The Sensex rose 0.17% to close at 28,121.89, while the Nifty gained 0.23% to close at 8,513.80.

The broader market also saw gains, with the BSE Midcap and Smallcap indices rising 0.52% and 0.62%, respectively.

All 19 sectors on the BSE Sensex ended in the green, led by the financial services sector, which rose 0.69%. The IT sector rose 0.49%, and the consumer discretionary sector rose 0.44%.

The rupee strengthened against the dollar, trading at 79.26 at the close of trading.

Gold prices rose in the domestic market, with the MCX gold futures contract for August delivery rising 0.10% to Rs 58,270 per 10 grams.

Analysts’ Take:

“Markets were volatile today, but managed to close on a positive note,” said Vinod Nair, head of research at Geojit Financial Services. “Investors are awaiting the outcome of the US Fed meeting next week, which will give cues on the future course of monetary policy.”

Closing Bell: Nifty above 18,800, Sensex gains 467 pts led by financial,  capital goods

 

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