Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%
Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330
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Stock market highlights: Benchmark indices extended their winning ways into fourth straight day on Monday as investors lapped up shares of PSU banks and metals, and heavyweights like HDFC twins, Reliance Industries, Bajaj Finance, and ITC. These shares jumped between 1 per cent and 5.5 per cent.
The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points or 0.75 per cent. The index hit an intra-day record high of 65,248. The broader Nifty50, meanwhile, zoomed 141 points, or 0.73 per cent, to shut shop at 19,330. The index, too, scaled an all-time high of 19,336 in the intra-day trade.
In the broader market, the Nifty MidCap 100 index gained 0.28 per cent, while the Nifty SmallCap index ended 1.3 per cent higher.
Among sectors, the Nifty PSU Bank index advanced over 3.7 per cent, followed by the Nifty Metal index (up 1 per cent), and the Nifty Bank and FMCG indices (up 1 per cent each).
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COMMENT:: Positive eco data, global cues boost sentiment
"Sentiments of investors are reinforced by positive domestic data and optimistic global cues. Global market was supported by resilient economic data, avoiding the possibility of a recession. India's stock market trend was broad-based, owing to the outperformance from energy, financial, metal, and FMCG sectors. Economic activities are gaining strength with PMI level enlarging to 57.8, indicating sustained demand for products, fostering a sense of confidence in the manufacturing prospects."
- Vinod Nair, Head of Research at Geojit Financial Services
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Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%
Shares of public sector banks (PSBs) were in focus on Monday with the Nifty PSU Bank index surging nearly 4 per cent on expectation of improvement in the banking industry's loans ratio amid favorable economic prospects. In the past two trading days, the index has rallied 6 per cent. READ MORE
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HDFC twins surge up to 4% after fixing July 13 as record date for merger
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UltraTech Cement hits record high; gains 2% on strong sales volume in Q1FY24
UltraTech's consolidated sales volumes up 19.6 per cent YoY at 29.96 mt, where domestic grey/white cement sales volume grew by ~20 per cent/11 per cent YoY, respectively. READ MORE
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OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs
In the past one-year, shares of OMCs have risen between 18 per cent and 28 per cent on the back of a fall in crude oil prices. Brent crude prices have corrected 20 per cent in the past one year. READ MORE
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Suzlon Energy hits over 5-year high; zooms 105% in 7 weeks
Brokerage firm ICICI Securities has initiated the coverage on Suzlon with 'Buy' rating and a target price of Rs 22 per share. READ MORE
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Market Breadth marginally positive; BSE market-cap nears Rs 300-trn mark
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Nifty Healthcare index dips 1%; Glenmark, Laurus Labs, Aurobindo Pharma top laggards
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Nifty IT index slips 0.5%; TCS declines nearly 1%
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BSE Smallcap Heatmap:: ADF Foods zooms 19%; Surya Roshni, 63 Moons crack over 8%
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BSE Midcap Heatmap:: L&T Finance, JSW Energy soar up to 7%; Persistent Systems dips 3%
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MidCaps underperform; SmallCaps outperform; India VIX rises nearly 7%
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Nifty 50 Losers:: PowerGrid, Bajaj Auto, Sun Pharma slip up to 2%
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Nifty 50 Gainers:: Grasim, ITC, BPCL rally around 3%
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Sensex 30 Heatmap:: 15 Gainers v/s 15 Losers
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CLOSING BELL:: NSE Nifty50 settles atop 19,300, gains 134 pts
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CLOSING BELL:: S&P BSE benchmark extends rally, ends higher for 4th straight trading session; up 486 pts
The BSE benchmark index has rallied 2,234 points in the last four trading sessions.
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Nifty PSU Bank index surges nearly 4%; Canara, BoB, BoI, PNB rally up to 7%
Shares of public sector banks (PSBs) were in focus on Monday with the Nifty PSU Bank index surging nearly 4 per cent on expectation of improvement in the banking industry's loans ratio amid favorable economic prospects. In the past two trading days, the index has rallied 6 per cent. READ MORE
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RBI ALERT::76% of Rs 2,000 notes received back
76 per cent of Rs 2,000 notes worth Rs 2.72 lakh crore have been received back by the RBI as of June end.
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SpiceJet repays last Rs 25 cr to settle City Union Bank's Rs 100 cr loan
Low-cost airline SpiceJet on Monday settled a Rs 100 crore loan to City Union Bank (CUB) by repaying Rs 25 crore as a part of the loan account’s final tranche, the company said in a press release. READ MORE
Topics : Manufacturing PMI Stock Market MARKET LIVE MARKET WRAP Markets stock market trading BSE Sensex Nifty50 GIFT City Buzzing stocks Dalal Street Hero MotoCorp Reliance Industries
First Published: Jul 03 2023 | 07:28 AM IST
