Stock Market Today: Nifty, Sensex Extend Record Rally To Day Four As HDFC Bank, ICICI Bank Lead
The Nifty closed at their highest level at 23557.90, up by 0.39% or 92.30 and the Sensex also recorded its highest close of 77,301.14 up by 0.40%or 308.37 points.
KEY HIGHLIGHTS
Rupee Strengthens Against US Dollar
-The local currency closed 15 paise higher at 83.41 against the US Dollar.
-It's the highest closing level since Jun 7.
-It closed at 83.56 on Friday.
Source: Cogencis
Nifty, Sensex Extend Record Rally To Day Four As HDFC Bank, ICICI Bank Lead: Market Wrap
Indian equity indices saw another day of records as the benchmarks extended gains to the fourth session with the financial pack contributing the most.
Intraday, the Nifty hit its all-time high of 23,579.05 points and Sensex hit 77,366.77 points for the first time. Broader indices joined the benchmarks as Nifty Smallcap 250 hit its lifetime high of 17,028.10 and Nifty Midcap 100 hit its all-time high of 55,523.30.
The Nifty closed at their highest level at 23557.90, up by 0.39% or 92.30 and the Sensex also recorded its highest close of 77,301.14 up by 0.40%or 308.37 points.
"For the trend following traders now, 23500/77000 would be the key support level," said Shrikant Chouhan, Head Equity Research, Kotak Securities. "As long as the market is trading above the same, the bullish sentiment is likely to continue. "
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Shares of ICICI Bank Ltd., HDFC Bank Ltd., Power Grid Corp. Of India, Infosys Ltd., and Mahindra & Mahindra Ltd. contributed the most to the gains.
While those of Maruti Suzuki Ltd., ITC Ltd., Tata Consultancy Services Ltd., Tata Steel Ltd., and UltraTech Cement Ltd. capped the upside.
Sectoral indices were mixed at close. Nifty Realty and Nifty Bank were the top gainers while Nifty Media and Nifty Pharma fell the most.
Market breadth was skewed in favour of buyers. Around 2,177 stocks rose, 1,822 stocks decline, and 151 stocks remained unchanged on BSE.
Broader markets ended higher. The S&P BSE Midcap and Smallcap settled 0.43% and 0.96% higher, respectively.
Cochin Shipyard Locked In Upper Circuit
The stock rose to its lifetime high of Rs 2334.55.
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Ministry of Power Meets Highest Ever Power Demand In North India of 89GW
Demand shot up to 89 GW in North India on June 17
25-30% power imported from neighboring regions
All power utilities advisee to maintain high state of alert and minimise outages.
North India facing severe heat wave conditions
IIMD forecasts heat wave to abate from June 20
Source: PIB
Ixigo Parent Locked In Upper Circuit On Listing Day
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