Closing Bell: Sensex and Nifty end higher amid volatility
Sensex and Nifty Today: Indian stock markets opened marginally higher on Monday amid mixed global cues. The Nifty today opened at 15334.50 levels, up by 41 points from the previous close while Sensex made a positive opening of 109.61 points at 51570.03 levels. The Indian markets were trading volatile in a narrow range near their neutral lines and later closed in the green today.
Stock Market News and Updates Today
The Indian market sentiments were positive as the Income Tax Department said that the net direct tax collections from April to mid of June increased by 45 percent to over Rs 3.39 lakh crore, due to the decent advance tax mop-up. Though the recession fears along with FIIs outflow hit the market sentiments and dragged the market down.
The upside of the market was capped as the latest data released by the Reserve Bank of India (RBI) showed India’s foreign exchange reserves declined by $4.6 billion to $596 billion for the week ended June 10. The fall in the Forex Reserve is due to a decline in foreign currency assets. Meanwhile, Finance Minister Nirmala Sithraman is scheduled to meet the heads of public sector banks to review their performance and progress.
On the global front, Asian markets were closed mixed on Monday, trimming their early losses. China’s central bank kept the lending rates unchanged, as economic indicators are gradually showing positive signals of recovery after Covid-lockdown. European markets are trading marginally higher on Monday as investors are looking ahead to getting further hits of a potential interest rate hike from the US Fed this week.
Sensex and Nifty at the close today
The Nifty index gained by 56.65 points or 0.37 percent and closed at 15350.15 levels while Sensex was up by 237.42 points or 0.46 percent and finished at 51597.84 levels. The Bank Nifty index ended lower today by 58.25 points or 0.18 percent on the spot level and ended at 32684.80
The broader markets underperformed compared to benchmark indices The Nifty midcap index declined by 584.80 points or 2.26 percent and closed at 25292.90 levels. The Nifty smallcap index closed lower by 263.95 points or 3.20 percent and finished at a 7982.55 level
Nifty top gainers and losers today
The top gainer in the Nifty50 index was HUL, HDFC, Asian Paints, Ultratech Cement, and Apollo Hospital whereas the top losers were Tata Steel, ONGC, UPL, Hindalco, and Coal India.
The top gainers in the Nifty midcap index were Ramco Cements, Gujarat Gas, And CG Consumer and the top losers were Oil India, Hindustan Aeron, and Adani Total Gas
The smallcap top gainers were JK Lakshmi Cement, CAMS, and JB Chemicals and the top losers were Bharat Dynamics, GNFC, and Sequent Scientific
The most active stocks in the Nifty index in terms of value were Reliance, HDFC, and Tata Steel The most active stocks in terms of volume were ONGC, Coal India, and Hindalco.
On a sectoral front, FMCG, Financial Services, IT, and Pharma were closed in the green today. The sectors that closed in the red were Oil & Gas, Metals, PSU Bank, and Media.
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Editorial desk
