Stock market today: Market benchmarks, the Sensex and the Nifty 50, extended gains for the third consecutive session on Friday, 3 July, with IT and pharma stocks as the top gainers, amid mixed global cues.
The Sensex ended 262 points, or 0.34%, higher at 77,763.91, while the Nifty 50 rose by 95 points, or 0.39%, to end at 24,270.85.
The mid and small-cap segments underperformed; the Nifty Midcap 100 index slipped by 0.19%, while the Smallcap 100 index inched up by 0.04%.
With three consecutive sessions of gains, the Sensex has risen by nearly 1,300 points, or 1.7%. The NSE counterpart has risen by more than 400 points, or 1.7% in three days.
For the week, the Sensex and the Nifty have risen by almost 1% each, extending gains for the fourth consecutive week.
What moved the stock market today?
Market benchmarks ended higher on buying in select heavyweights from the IT, pharma, and banking sectors amid largely positive global cues, amid expectations of less-aggressive rate hikes by the US Federal Reserve.
Softer US jobs data for June and a significant decline in crude oil prices from their recent peaks have tempered expectations of Fed rate hikes this year.
(This is a developing story. Please check back for fresh updates.)
