Domestic equity benchmarks the Sensex and the Nifty ended at their fresh closing highs on June 30, as investors remain positive about the long-term prospects of the domestic market due to healthy macroeconomic indicators while global cues are also improving as concerns over a recession in the US eases.
Domestic equity benchmarks the Sensex and the Nifty ended at their fresh closing highs on June 30, as investors remain positive about the long-term prospects of the domestic market due to healthy macroeconomic indicators while global cues are also improving as concerns over a recession in the US eases.
Sensex closed 803 points, or 1.26 per cent, higher at 64,718.56 while the Nifty closed the day at 19,189.05, up 217 points, or 1.14 per cent. This was the third consecutive session of gains for the Sensex and the fourth consecutive session of gains for the Nifty.
Sensex closed 803 points, or 1.26 per cent, higher at 64,718.56 while the Nifty closed the day at 19,189.05, up 217 points, or 1.14 per cent. This was the third consecutive session of gains for the Sensex and the fourth consecutive session of gains for the Nifty.
The overall market capitalisation of firms listed on the BSE rose to the record level of ₹296.5 lakh crore from ₹294.1 lakh crore in the previous session, making investors richer by ₹2.4 lakh crore in a single session.
The overall market capitalisation of firms listed on the BSE rose to the record level of ₹296.5 lakh crore from ₹294.1 lakh crore in the previous session, making investors richer by ₹2.4 lakh crore in a single session.
A look at the top gainer & losers of the day
As many as 40 stocks advanced in the in the Nifty index against 10 declines.
Top gainers: Mahindra & Mahindra (up 4.26%), Infosys (up 3.42%), IndusInd Bank (up 3.29%), Sun Pharma (up 2.86%), and TCS (up 2.51%).
Top gainers: Mahindra & Mahindra (up 4.26%), Infosys (up 3.42%), IndusInd Bank (up 3.29%), Sun Pharma (up 2.86%), and TCS (up 2.51%).
Top losers: ICICI Bank ( down 0.37%), NTPC ( down 0.13%)
Top losers: ICICI Bank ( down 0.37%), NTPC ( down 0.13%)
Top gainers: Mahindra & Mahindra (up 4.52%), Infosys (up 3.44%), IndusInd Bank (up 3.18%), Hero MotoCorp (up 2.70%), and Sun Pharma (up 2.86%)
Top gainers: Mahindra & Mahindra (up 4.52%), Infosys (up 3.44%), IndusInd Bank (up 3.18%), Hero MotoCorp (up 2.70%), and Sun Pharma (up 2.86%)
Top losers: Adani Ports (down 2.19%), Grasim (down 0.53%), Apollo Hospital (down 0.53%) HDFC Life (down 0.53%), and Adani Enterprise (down 0.67%).
Top losers: Adani Ports (down 2.19%), Grasim (down 0.53%), Apollo Hospital (down 0.53%) HDFC Life (down 0.53%), and Adani Enterprise (down 0.67%).
Top gainers: JK Tyre (up 14.08%), Genus Power infrastructure ( up 9.43), Shilpa Medicare (up 15.44%), South Indian Bank (up 8.66%) and Biocon (up 8.14%)
Top gainers: JK Tyre (up 14.08%), Genus Power infrastructure ( up 9.43), Shilpa Medicare (up 15.44%), South Indian Bank (up 8.66%) and Biocon (up 8.14%)
Top losers: Nava Ltd ( down 4.38%), Hindustan Foods Ltd (down 3.64%), Indo Count Industries (down 3.48%), Time Technoplast (down 4.16%), MCX (down 8.65%)
Top losers: Nava Ltd ( down 4.38%), Hindustan Foods Ltd (down 3.64%), Indo Count Industries (down 3.48%), Time Technoplast (down 4.16%), MCX (down 8.65%)
“The lack of global support had restrained the Indian indices from pursuing their record highs earlier, despite the presence of a resilient domestic macroeconomic background. With positive surprises assisting buoyancy in the global market and the advance of the southwest monsoon, the domestic market succeeded in marching to new highs with renewed strength. Global investor sentiments were uplifted by a favourable revision in Q1 GDP, a fall in jobless claims, and the positive outcome of the Fed’s US bank stress test,” Vinod Nair, Head of Research at Geojit Financial Services.
“The lack of global support had restrained the Indian indices from pursuing their record highs earlier, despite the presence of a resilient domestic macroeconomic background. With positive surprises assisting buoyancy in the global market and the advance of the southwest monsoon, the domestic market succeeded in marching to new highs with renewed strength. Global investor sentiments were uplifted by a favourable revision in Q1 GDP, a fall in jobless claims, and the positive outcome of the Fed’s US bank stress test,” Vinod Nair, Head of Research at Geojit Financial Services.
