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Sensex close in green, M&M, Adani ports gain

Nair also suggested that a near-term consolidation seems likely as domestic investors look forward to cues from the upcoming union budget. "There is a growing opinion that the government could place emphasis on welfare, giving a fillip to consumption-led stocks," he added.

News Arena Network - Mumbai - UPDATED: June 14, 2024, 04:48 PM - 2 min read

The Indian stock markets ended on a positive note today, with the BSE Sensex closing at 76,992.77, up by 181.87 points or 0.24%, and the Nifty 50 finishing at 23,465.60, an increase of 66.70 points or 0.29%.

Sensex close in green, M&M, Adani ports gain


The Indian stock markets ended on a positive note today, with the BSE Sensex closing at 76,992.77, up by 181.87 points or 0.24%, and the Nifty 50 finishing at 23,465.60, an increase of 66.70 points or 0.29%.

 

Despite the overall positive trend, the IT and media sectors closed in the red, while all other sectoral indices posted gains. 

 

Notably, Nifty Auto, Healthcare, and Consumer Durables were up by over 1%.

 

The Nifty Mid-Cap 100 index rose by 1.05% to 55,225.95, and the Nifty Small-Cap index increased by 0.76% to 18,043.60. Vinod Nair, Head of Research at Geojit Financial Services, commented on the market conditions, indicating a temporary slowdown in momentum.

 

"There is a temporary blip in the market momentum, due to a lack of fresh triggers after the hawkish commentary from the US Fed, lowering the plausibility of rate cuts in the short term," he said.

 

Nair also suggested that a near-term consolidation seems likely as domestic investors look forward to cues from the upcoming union budget.

 

"There is a growing opinion that the government could place emphasis on welfare, giving a fillip to consumption-led stocks," he added.

 

Leading the gains in the Nifty 50 pack were Eicher Motors, Adani Ports, Mahindra & Mahindra, Shriram Finance, and Titan. On the flip side, Tech Mahindra, TCS, Wipro, HCL Technologies, and L&T were the top losers.

 

Among stocks hitting new highs, Ambuja Cements closed at ₹673.60 on the NSE, up by 1.68%. Other major stocks that reached a 52-week high included Mazagon (14.02%), Siemens (5.26%), VBL (3.98%), and JSW Infra (3.49%).

 

On the BSE, a total of 3,980 stocks were traded, with 2,244 advancing, 1,621 declining, and 115 remaining unchanged. Additionally, 319 stocks reached a 52-week high, while 12 stocks hit a 52-week low.

Related Tags:#Sensex#Adani Ports

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