Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh
CLOSING BELL on June 19, 2023: The BSE Sensex whipsawed 527 points intra-day today
SI Reporter New Delhi
STOCK MARKET HIGHLIGHTS: The benchmark indices missed touching record high levels by a whisker on Monday as investors booked profit at higher level. The S&P BSE Sensex hit a high of 63,574.69 during the day which was just 8 points away from record high of 63,583. It, eventually, closed at 63,168, down 216 points or 0.34 per cent.
The NSE Nifty, meanwhile, hit an intra-day high of 18,881.45, barely 6 points shy off record high of 18,887.6. It ended at 18,755, down 71 points or 0.37 per cent.
Kotak Bank, Axis Bank, NTPC, Adani Enterprises, Adani Ports, ICICI Bank, IndusInd Bank, Reliance Industries, and Bharti Airtel were the top laggards on the bourses, down between 1 per cent and 4 per cent.
In the broader markets, the BSE MidCap index dipped 0.08 per cent, while the BSE SmallCap index added 0.24 per cent.
Among sectors, the Nifty Private Bank index fell about 1 per cent. On the contrary, the Nifty PSU Bank index gained 1 per cent.
COMMENT:: Global markets took a breather ahead of China rate decision, Fed testimony
"Indian equities shied away from closing at all-time high levels amid profit booking, primarily driven by private banks. Global markets also took a breather after a strong rally last week as investors looked forward to China's rate decision and the Fed chair's testimony. The Indian rupee has been exhibiting strength recently, supported by strong FII inflows and favourable domestic macroeconomic data."
- Vinod Nair, Head of Research at Geojit Financial Services
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BSE Smallcap Heatmap:: ASM Tech, Skipper zoom 20%; Indo Count sheds 5%
BSE Midcap Heatmap:: Jindal Steel surges over 5%; Rajesh Exports slumps 9%
Shares of private banks slip up to 1.7%; Nifty Pvt Bank index down 0.9%
Nifty PSU Bank index gains 1%; Central Bank, Bank of Baroda top gainers
Market Breadth was negative; Nearly 2,000 stocks declined v/s 1,670 advancing shares on the BSE
Broader market outperforms; MidCap SmallCap indices finish with marginal gains
Nifty 50 Losers:: Adani Enterprises cracks 4%; Hero Moto, Adani Ports, Axis Bank slip
Nifty 50 Gainers:: HDFC Life soars 3%; Bajaj twins 2%
Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers
CLOSING BELL:: NSE Nifty settled 71 points lower at 18,755
CLOSING BELL:: S&P BSE benchmark slips 216 pts, ends Monday's trade at 63,168
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Topics : Stock Market MARKET LIVE MARKET WRAP Markets Indian stock markets S&P BSE Sensex Nifty50 Markets Sensex Nifty IRCTC Adani Enterprises Wall Street
First Published: Jun 19 2023 | 07:40 AM IST