Thursday, June 17, 2021

Nifty closes at record high of 15,337, Sensex ends 97 points higher; IT and PSU Bank in the lead

The Nifty ended at a record high, while the Sensex closed above the 51,100 level on Thursday. Buying interest witnessed in IT, Bank and Financial stocks. Selling pressure witnessed in Pharma and Energy stocks. SBI, Kotak Mahindra, Axis Bank, Bajaj Auto, and Ultra tech Cement were among the top Sensex gainers, while the HDFC, Bajaj Finance, ONGC and Bharti Airtel were laggards.

Earlier in Asian Indices, Japan’s Nikkei 225 index declined 0.33 per cent, South Korea’s Kospi fell 0.09 per cent. China’s Shanghai Composite rose by 0.43 per cent.

Market Overview

The BSE Sensex and Nifty by 50 increased 0.19 and 0.24 per cent respectively. The Sensex of the Bombay Stock Exchange closed above the 51,100 level while Nifty50 of the National Stock Exchange settled at the 15,337 mark. The Sensex gained 97 points to trade at 51,115 and the Nifty50 rose by 36 points to trade at 15,337.

Nifty50 Index

In Nifty50 shares, 29 shares out of 50 companies closed on the green side of the market. Shree Cements is the top performer as it gained 3.65 per cent, followed by SBI which rose by 2.84 per cent, Wipro surged 2.67 per cent, Kotak Mahindra, Axis Bank and Bajaj Auto also closed on the green side of the market. On the other hand, 22 stocks out of 50 Nifty50 shares closed on the red side. HDFC declined 2.37 per cent, IOC fell 1.65 per cent. Bajaj Finance, ONGC, HUL also declined and closed on the red side of the market.

Small-cap and Mid-cap Indices

The Nifty Midcap-100 index surged 0.54 per cent and the Nifty Smallcap-100 index rose 1.01 per cent. In Nifty Midcap 100, V-Guard Industries gained 5.54 per cent, Mindtree rose 4.52 per cent, Syngene International, Ajanta Pharma and Quess Corp also surged, Godrej Industries, Adani Power and Cummins declined. In Nifty Smallcap-100, DCM Shriram gained 7.73 per cent. On the other hand, Wockhardt fell 14.24 per cent, Vakrangee, Rashtriya Chemicals, MMTC Ltd declined.

Sectoral Indices

In NSE sectoral indices, all 12 out of 17 sectors surged. The Nifty PSU Bank was the top performer as it gained 2.85 per cent, NSE IT rose 1.14 per cent, followed by Nifty Media increased 0.99 per cent. On the other hand, Nifty Realty, Nifty Pharma and Nifty Energy declined.

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