Informist, Monday, Jun 12, 2023
By Pradeep Suresh V
MUMBAI – Benchmark indices trumped predictions of a downturn by closing higher today. Both the Nifty 50 and Sensex closed 0.2% higher at 18601.50 points and 62724.71 points, respectively. While Nifty 50 crossed the 18600 mark, the Sensex closed after gaining nearly 100 points.
Indices opened today in the green, tracking positive cues from the Wall Street. But analysts had expected the domestic indices to turn red as the session progressed due to the correction the indices had witnessed over the last two sessions. However, indices continued to be in the green except for a brief while and ended with gains.
Midcap and smallcap indices on the National Stock Exchange ended in the green today.
"Cautious optimism was the preferred theme as benchmark Nifty fluctuated in a narrow range with investors gearing up for this week's key macroeconomic events like Consumer Price Index and Index of Industrial Production data, US Federal Open Market Committee meeting and external commercial borrowing rate decision," said Prashanth Tapse, senior vice-president at Mehta Equities in a note.
Among the sectoral indices, the rise was led by Nifty IT index which ended 1.5% higher. Gains in the sector came after the index saw a correction in the past week. Major Nifty 50 constituents from the sector, except Wipro, ended in the green.
Shares of Bharat Petroleum Corp were the top gainers on the Nifty 50, ending 3.4% higher, followed by HCL Technologies and Infosys shares, both ended 2.7% and 2.1% higher respectively.
Among non-Nifty 50 companies, shares of Avantel ended 10% higher today on the BSE after hitting a fresh all-time high of 663 rupees, after the company said it has signed a contract with the Ministry of Defence.
Shares of Maharashtra Seamless ended up 1.6% after hitting an all-time high of 498 rupees as the company prepaid 2.34 bln rupees worth of an outstanding long-term loan.
Shares of Delhivery ended up 9.4% today after hitting a fresh six-month high of 399.90 rupees after two large deals, involving a total of 3.05 mln shares, on the National Stock Exchange.
Shares of Zomato ended 0.5% higher today, extending their gains for the seventh straight session, after hitting a fresh 13-month high of 80.30 rupees.
"Domestic equities started the week on an optimistic note, supported by encouraging global cues. Even positive commentary from CEA with regards to India’s GDP growth, boosted sentiments. However, investors seemed cautious ahead of eventful week with many economic data points set to be released this week," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services in a note.
Banking and financial services stocks suffered a setback with the Nifty Bank emerging as the top loser among sectoral indices, ending 0.1% lower, while other sectoral indices ended in the green or flat.
Among Nifty 50 stocks, Power Grid Corp fell the most, ending 1.3% lower. It was followed by shares of Larsen & Toubro and Cipla, which ended 1% down.
* Of the Nifty 50 stocks, 33 rose and 17 fell
* Of the Sensex stocks, 18 rose and 12 fell
* On the BSE, 2,092 stocks rose,1,632 fell, and 138 were unchanged
* Nifty IT: up 1.5%; Nifty Bank: down 0.1%
BSE NSE
Sensex: 62724.71, up 99.08 pts or 0.16% Nifty 50: 18601.50, up 38.10 pts or 0.21%
S&P BSE Sensitive Index Nifty 50
Lifetime High: 63583.07 (Dec 1, 2022) : Lifetime High: 18887.60 (Dec 1, 2022)
Record Close High: 63284.19 (Dec 1, 2022) : Record Close High: 18812.50 (Dec 1, 2022)
2023 1st day close: 61167.79 (Jan 2) : 2023 1st day close: 18197.45 (Jan 2)
2023 Closing High: 63142.96 (Jun 7) : 2023 Closing High: 18726.40 (Jun 7)
2023 Closing Low: 59288.35(Feb 27) : 2023 Closing Low: 17311.80 (Oct 17)
2023 High (intraday): 63196.43 (Jun 7) : 2023 High (intraday): 18738.95 (Jun 7)
2023 Low (intraday): 58699.20 (Jan 30) : 2023 Low (intraday): 17098.55 (Jan 17)
2022 1st day close: 59183.22 (Jan 3) : 2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 63284.19 (Dec 1) : 2022 Closing High: 18812.50 (Dec 1)
2022 Closing Low: 51360.42 (Jun 17) : 2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 63583.07 (Dec 1) : 2022 High (intraday): 18887.60 (Dec 1)
2022 Low (intraday): 50921.22 (Jun 17) : 2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14) : 2021 Closing High: 18338.55 (Oct 14)
2021 Closing Low: 46285.77 (Jan 29) : 2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14) : 2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29) : 2021 Low (intraday): 13596.75 (Jan 29)-
2020 Closing High: 47751.33 (Dec 31) : 2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23) : 2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31) : 2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24) : 2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20) : 2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19) : 2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28)) : 2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23) : 2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26) : 2017 High(intraday): 10515.10 (Dec 26)
End
Edited by Aditya Sakorkar
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