Stock Market Closing: The market has seen a hat-trick of records on June expiry today. Today Sensex, Nifty, Nifty Bank have reached new levels. Sensex, Nifty also closed at record highs. In today’s trade, metal, pharma, infra and energy stocks have seen strong gains. Buying is also seen in PSE, auto and banking stocks. Midcap and smallcap indices also closed higher.
Sensex jumps 499.39 points to settle at a lifetime high of 63,915.42; Nifty advances 154.70 points to end at a record 18,972.10
— Press Trust of India (@PTI_News) June 28, 2023
Wednesday’s trading session proved to be historic for the stock market. After touching record highs, both the major market indices closed at new historical levels at the end of today’s trade. During the day’s trading, the BSE Sensex managed to cross 64,000 and the National Stock Exchange’s Nifty crossed the 19,000 mark for the first time. At the end of today’s trade, the BSE Sensex closed at 63,915 with a jump of 500 points and the Nifty 50 closed at 18,972 points with a jump of 155 points.
| The name of the index | level of closure | high level | low level | Change in percentage |
| BSE Sensex | 63,915.42 | 64,050.44 | 63,554.82 | 0.79% |
| BSE SmallCap | 32,437.88 | 32,602.74 | 32,424.76 | 0.08% |
| India VIX | 10.89 | 11.54 | 10.65 | 1.02% |
| NIFTY Midcap 100 | 35,520.95 | 35,578.55 | 35,369.35 | 0.63% |
| NIFTY Smallcap 100 | 10,791.35 | 10,832.50 | 10,777.45 | 0.35% |
| NIfty smallcap 50 | 4,854.15 | 4,873.70 | 4,847.10 | 0.37% |
| Nifty 100 | 18,901.20 | 18,926.05 | 18,795.75 | 0.80% |
| Nifty 200 | 10,004.90 | 10,017.10 | 9,953.45 | 0.78% |
| Nifty 50 | 18,972.10 | 19,011.25 | 18,861.35 | 0.82% |
Top Gainers
Top Losers
Ups and downs in stocks
Indian stock market has created history today. The Sensex crossed 64,000 for the first time and the National Stock Exchange’s Nifty crossed the 19,000 mark for the first time. BSE Sensex has seen a strong rally since morning. But it crossed the 64,000 mark to touch 64,037 levels during the afternoon trade due to heavy buying by investors. While the Nifty crossed the historical high of 19,000 with an increase of 194 points and reached the level of 19,011.
Nifty crosses 19,000 thanks to Adani
Shares of Tata Motors, Titan, NTPC and Larsen have been instrumental in taking the Sensex past 64,000. 29 out of 30 Sensex stocks are trading in the green. While out of 50 stocks of Nifty index, 47 stocks are trading with bullishness and 3 with a bearishness. Adani Group shares have been the biggest contributor to Nifty crossing 19,000. Nifty-listed Adani Enterprises and Adani Ports are trading up 4.54 percent and 3.42 percent, led by GQG Partners’ investment.
The merger of HDFC Bank and HDFC also contributed
Naveen Kulkarni, CIO, Axis Securities PMS, on Sensex-Nifty making history said, Nifty 50 index has been able to cross historical highs due to excellent investment by domestic institutional investors and foreign portfolio investors. He said that the announcement of the date of merger of HDFC Bank and HDFC also contributed to achieving this milestone.
The boom may continue
HDFC Securities MD CEO Dheeraj Relli said Nifty managed to touch record highs due to investment from institutional, retail and NNI investors. He said that due to better visibility of data coming from America and the announcement of new stimulus package in China, the market has witnessed this boom. He said that the threat of El Nino has averted and if the trend in the market continues, the Nifty may go higher. Dheeraj Relli said that India is seen as the most attractive destination for investors across the world.
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