Stock Market Today: Nifty reclaims 18800, Sensex end above 63K
Stock Market Today 27 June 2023: Indian equity benchmarks closed higher on Tuesday amid mixed global cues. The equity benchmarks, Sensex and Nifty marched in a northward direction as the session progressed and closed near the day’s high on Tuesday.
The domestic markets got some support from positive Asian market peers. Traders were encouraged after a private report that said India`s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade deficit and an increase in services exports.
However, gains remain capped as some concern came in with International Monetary Fund’s First Deputy Managing Director Gita Gopinath stating that the world`s top central banks may need longer to get inflation back down to the target and a fresh bout of financial turbulence could make the process even more protracted.
She further said central banks have raised interest rates at a brisk pace over the past year-and-a-half to fight off a historic surge in prices, but they have persistently underestimated inflationary pressures.
Stock Market Indexes Today
The Nifty 50 index closed higher by 126.20 points or 0.68 percent and closed at 18817.40 levels while the Sensex was up by 446.03 points or 0.71 percent and finished at 63416.03 levels. The Bank Nifty index ended higher by 480.45 points or 1.10 percent on the spot level and closed at 44121.50 levels
The broader markets ended higher today, as the Nifty midcap index was up by 176.50 points or 0.50 percent and closed at 35296.95 levels. The Nifty smallcap index ended higher by 63.90 points or 0.60 percent at 10753.75 levels.
Nifty 50 top gainers & losers
The top gainers in the Nifty 50 index were HDFC Life, Apollo Hospital, JSW Steel, SBI, and SBI Life and the top losers were Cipla, Bratinna, Tata Consumer, UPL, and Adani Ports
The top gainers in the Nifty midcap index were AB Capital, MFSL, and PFC and the top losers were Devyani, IDEA, and TIINDIA
The smallcap top gainers were FACT, CanfinHome, and Metropolies while the top losers were Brightcom Group, Global Health, and Elgi Equipements.
The most active stocks in the Nifty index in terms of value were HDFC Bank, HDFC, and HDFC Life. The most active stocks in terms of volume were HDFC Life, Tata Steel, and HDFC Bank.
On the sectoral front, barring FMCG all other sectoral indices closed higher, Nifty Financial Services, Realty, and Banking sectors led the gains today.
Global Stock Market Today
Asian stock markets mostly closed higher on Tuesday. Hang Seng index gained almost the most in the region snapping a 5-day losing streak, while Nikkei closed lower for the fourth straight session. Shanghai index advanced above 1 percent after Premier Li Qiang said the country was still on track to reach its annual growth target of around 5%.
European stock market indexes are trading in the green, following the positive cues from Asian markets. Investors are closely monitoring the comments from the central bankers at the ECB forum.
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Editorial desk
