News Details

( As on 07/06/2023 16:08)

Post-Session: Nifty ends above 18,700, Sensex gains 350 pts; all sectors in the green

Benchmark indices ended on strong note on June 7 with Nifty above 18,700 led by buying across the sectors.

Meanwhile, Indian rupee ended with a gain of 7 paise at 82.54 per dollar against previous close of 82.61.



Investors are becoming more optimistic due to the anticipation of a positive revision in the RBI’s inflation forecast during the ongoing MPC meeting. It is expected that the RBI will maintain its pause on rate hikes, considering the significant improvement in inflation, which has now come within the RBI's comfort zone.



The 30-share benchmark index ended at 63142.96 up by 350.08 points or by 0.56 % and then NSE Nifty was at 18726.4 up by 127.4 points or by 0.68 %.



Sensex touched intraday high of 63196.43 and intraday low of 62841.95 The NSE Nifty touched intraday high of 18738.95 and intraday low of 18636



The top gainers of the BSE Sensex pack were Nestle India Ltd. (Rs. 22345.80,+2.97%), Tata Steel Ltd. (Rs. 111.50,+2.29%), Tata Motors Ltd. (Rs. 567.95,+2.21%), Bharti Airtel Ltd. (Rs. 843.30,+1.70%), Larsen & Toubro Ltd. (Rs. 2315.25,+1.66%), among others.



The top losers of the BSE Sensex pack were Kotak Mahindra Bank Ltd. (Rs. 1938.30,-1.15%), Bajaj Finance Ltd. (Rs. 7080.40,-0.51%), Mahindra & Mahindra Ltd. (Rs. 1405.75,-0.35%), ICICI Bank Ltd. (Rs. 939.95,-0.24%), Maruti Suzuki India Ltd. (Rs. 9711.40,-0.21%), among others.



Metal index was at 20054.73 up by 335.38 points or by 1.7%. JSW Steel Ltd. (Rs. 729.75,+2.46%), Tata Steel Ltd. (Rs. 111.50,+2.29%), Steel Authority of India (SAIL) Ltd. (Rs. 84.72,+1.79%), Hindalco Industries Ltd. (Rs. 422.40,+1.71%), Jindal Steel & Power Ltd. (Rs. 531.55,+1.56%),.



_Bankex index was at 50296.35 down by 65.83 points or by 0.13%. Kotak Mahindra Bank Ltd. (Rs. 1938.30,-1.15%), ICICI Bank Ltd. (Rs. 939.95,-0.24%),.



The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3980 , shares advanced were 2448 while 1357 shares declined and 175 were unchanged.