Equity benchmark Sensex advanced by about 180 points on June 22, led by gains in financial stocks, in contrast with the global peers.

After rallying 482 points during the day, the 30-share index pared gains to end 179.59 points, or 0.52%, higher at 34,911.32.

The NSE Nifty too rose 66.80 points, or 0.65%, to close at 10,311.20.

Bajaj Auto was the top gainer in the Sensex pack, surging around 7%, followed by Bajaj Finance, Bajaj Finserv, Kotak Bank, PowerGrid and Axis Bank.

On the other hand, ONGC, HDFC, TCS and Reliance Industries were among the laggards.

According to Narendra Solanki, head-equity research (fundamental), Anand Rathi, Indian market opened on a positive note despite mixed cues from its Asian peers.

During the afternoon session, benchmarks sustained their positive trend amid buying in stocks of banks, financial services, metals and midcap stocks, he said.

Further, he stated that the liquidity situation in June also remained positive as foreign portfolio investors (FPI) have infused a net ₹17,985 crore into the Indian capital markets so far.

However, volatility remained in the market amid rising number of coronavirus cases in the country.

On the global front, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended in the red, while those in Europe opened on a positive note.

International oil benchmark Brent crude futures fell 0.28% to USD 42.07 per barrel.

On the currency front, the rupee appreciated 17 paise to provisionally close at 76.03 against the U.S. dollar.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link


Please enter your comment!
Please enter your name here