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Stock marketplace today: The Indian banal market's record-setting spree continued connected Thursday, July 4, arsenic did investors' strategy of booking profits astatine higher levels. This was evidenced by the marketplace benchmarks, the Sensex and the Nifty 50, which closed with nominal gains aft rising fractional a per cent each and hitting caller all-time precocious levels.
The Indian banal marketplace started impressively and traded with gains passim the league amid affirmative planetary cues. However, the cardinal indices pared their gains importantly towards the extremity of the session, hinting astatine increasing caution against the market's premium valuation.
According to Bloomberg data, the Nifty 50's existent price-to-earnings (PE) ratio is somewhat supra 24 compared to its one-year guardant PE of 19. The index's price-to-book (PB) ratio presently stands astatine 4 compared to its one-year guardant PB of 3.2.
After opening astatine 80,321.79 against its erstwhile adjacent of 79,986.80, the Sensex roseate 0.50 per cent to deed its caller grounds precocious of 80,392.64 during the session. However, the scale erased astir gains and settled conscionable 63 points, oregon 0.08 per cent, up astatine 80,049.67.
The Nifty 50 opened astatine 24,369.95 against its erstwhile adjacent of 24,286.50 and besides clocked a summation of astir fractional a per cent to marque a caller highest of 24,401. The scale yet closed 16 points, oregon 0.06 per cent, up astatine 24,302.15.
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HomeMarketsStock MarketsStock marketplace today: Sensex, Nifty 50 extremity with mild gains connected nett booking astatine higher levels
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