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ET Market Watch (ET Online)
Sensex jumps 446 pts, Nifty above 18,800-mark; Indices led by banking, IT stocks
02:58 Min | June 27, 2023, 7:51 PM IST
The market will be closed on June 29 for Eid. Earlier, it was on Wednesday, June 28 but now it has been shifted to 29th.
Transcript
How was Sensex today? How was Nifty? Who were the gainers and who were the losers? Let's discuss it all in today's ET Market Watch- your daily stock market podcast. I am Neha Vashishth, Let's begin...
-Indian indices closed higher amid negative global markets today
-The indices were led by banking, financial, and IT stocks
-Sensex jumped 446 points and ended above the 63,000-mark
-Nifty gained 126 points and closed above the 18,800 mark
Today's gainers and losers
SBI, HDFC, and HDFC Bank were the top gainers, rising 1.5-2%.
Axis Bank, Bharti Airtel, ICICI Bank, Kotak Bank, Tata Motors, and NTPC also closed higher.
On the other hand, only Maruti, IndusInd Bank, HUL and ITC closed lower.
Market holiday update
The market will be closed on June 29 for Eid. Earlier, it was on Wednesday, June 28 but now it has been shifted to 29th.
Shares in the news today
LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The mega-merger between HDFC Bank and HDFC will be effective from July 1, and shares of the latter will stop trading from July 13.
Following the announcement of the merger timeline, shares of HDFC Bank and HDFC ended 1.4% and 1.5% higher.
Sector-wise performance
Sectorally, Nifty Financial Services, Nifty Bank, Nifty IT and Nifty Realty closed higher. In the broader market, Nifty Midcap100 gained 0.50%, and Smallcap100 rose 0.60%.
Global Markets
Asian shares were helped by Chinese Premier Li Qiang saying that Beijing will roll out policies to boost China's economy. But the positive market sentiment faltered in early European trading, with the pan-European STOXX 600 down 0.1% .
Oil prices and Rupee
Oil prices slipped today ahead of data shedding light on the US appetite for fuel during the summer driving season. Brent crude futures were down 0.6%, at $73.77 a barrel while US WTI futures fell 0.6%, to $68.95 a barrel
Rupee ended flat against the dollar, the rupee ended at 82.0250 to the dollar.
-Indian indices closed higher amid negative global markets today
-The indices were led by banking, financial, and IT stocks
-Sensex jumped 446 points and ended above the 63,000-mark
-Nifty gained 126 points and closed above the 18,800 mark
Today's gainers and losers
SBI, HDFC, and HDFC Bank were the top gainers, rising 1.5-2%.
Axis Bank, Bharti Airtel, ICICI Bank, Kotak Bank, Tata Motors, and NTPC also closed higher.
On the other hand, only Maruti, IndusInd Bank, HUL and ITC closed lower.
Market holiday update
The market will be closed on June 29 for Eid. Earlier, it was on Wednesday, June 28 but now it has been shifted to 29th.
Shares in the news today
LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The mega-merger between HDFC Bank and HDFC will be effective from July 1, and shares of the latter will stop trading from July 13.
Following the announcement of the merger timeline, shares of HDFC Bank and HDFC ended 1.4% and 1.5% higher.
Sector-wise performance
Sectorally, Nifty Financial Services, Nifty Bank, Nifty IT and Nifty Realty closed higher. In the broader market, Nifty Midcap100 gained 0.50%, and Smallcap100 rose 0.60%.
Global Markets
Asian shares were helped by Chinese Premier Li Qiang saying that Beijing will roll out policies to boost China's economy. But the positive market sentiment faltered in early European trading, with the pan-European STOXX 600 down 0.1% .
Oil prices and Rupee
Oil prices slipped today ahead of data shedding light on the US appetite for fuel during the summer driving season. Brent crude futures were down 0.6%, at $73.77 a barrel while US WTI futures fell 0.6%, to $68.95 a barrel
Rupee ended flat against the dollar, the rupee ended at 82.0250 to the dollar.
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