Sensex and Nifty Today July 6, 2023: Indian stock market indexes ended the volatile session with substantial gains on Thursday. The domestic markets ended higher despite weak global cues, as the minutes of the US Fed’s latest meeting pointed to more interest rate hikes this year.
The market was volatile due to the expiry of the weekly index options on the NSE. The domestic markets were upbeat as traders were encouraged by Foreign fund inflows. Foreign Institutional Investors (FIIs) continued their buying spree, as they bought equities worth Rs 1,603.15 crore on Wednesday, according to exchange data.
Stock Market Indexes Today
The Nifty 50 index closed higher by 98.80 points or 0.51 percent and closed at 19497.30 levels while the Sensex was up by 339.60 points or 0.52 percent and finished at 65785.64 levels. The Bank Nifty index ended higher by 188.10 points or 0.42 percent on the spot level and closed at 45339.90 levels
The broader markets outperformed their larger peers today, as the Nifty midcap index was up by 348.45 points or 0.97 percent and closed at 36373.10 levels. The Nifty smallcap index ended higher by 89.15 points or 0.80 percent at 11167.40 levels.
Nifty 50 top gainers & losers
The top gainers in the Nifty 50 index were M&M, Apollo Hospital, Power Grid, Tata Motors, and Reliance and the top losers were Eicher Motors, HDFC Life, Maruti, HCL Tech, and Bajaj Finance
The top gainers in the Nifty midcap index were Hind Zinc, Torrent Power, and Sun TV, and the top losers were Jindal Steel, Poonawala, and Shriram Finance.
The smallcap top gainers were MCX, Deepak Fertilizer, and Hind Copper while the top losers were Aegies Chemical, Welspun, and Angelone.
The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, HDFC Bank, and NTPC
On the sectoral front, Realty, Energy, Media, and Auto closed higher while the sector that closed in the red was IT, and FMCG
Global Stock Market Today
Asian stock markets closed lower on Thursday, with Hang Seng falling the most, over 3 percent due to a drag in materials and IT stocks. The Asian market sentiments were downbeat after minutes of the US Fed meeting were released overnight indicating more rate hikes in this year. All other key indexes in the region, Nikkei, Shanghai, and Kospi ended in deep red on Thursday
European stock markets are also trading into deep cuts on Thursday, as investors’ mood was downbeat after weak economic data was released in China and Europe. Investors are also worried about more interest rate hikes in the US, as the minutes of the Fed’s last meeting indicated.
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Editorial desk