Nifty sets new record, Sensex rises over 300 points in early trade

Nifty sets new record, Sensex rises over 300 points in early trade


Among the 30 Sensex companies, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, Wipro, Bajaj Finserv, Power Grid and IndusInd Bank were the top gainers.

Among the 30 Sensex companies, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, Wipro, Bajaj Finserv, Power Grid and IndusInd Bank were the top gainers. | Photo courtesy: Reuters

Benchmark equity indices rose in early trade on June 21, with the NSE Nifty hitting a fresh all-time peak, helped by buying in IT stocks and sustained foreign fund inflows.

In early trade, the 30-share BSE Sensex rose 329.52 points to 77,808.45. The Nifty rose 100.1 points to a record high of 23,667.10.

Among the 30 Sensex companies, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, Wipro, Bajaj Finserv, Power Grid and IndusInd Bank were the top gainers.

Tata Steel, Hindustan Unilever, Kotak Mahindra Bank and HDFC Bank were among the laggards. According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 415.30 crore on June 20.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The market is in a consolidation phase and this is likely to continue. There are no major triggers for aggressive buying or selling. The market tone is bullish even in this consolidation phase and hence buying on dips will emerge, which will bring resilience to the market.”

Global oil benchmark Brent crude fell 0.15% to $85.58 per barrel. Rising for the sixth consecutive session on June 20, the BSE benchmark Sensex rose 141.34 points or 0.18% to close at a new closing peak of 77,478.93. The Nifty rose 51 points or 0.22% to close at its new closing peak of 23,567.

Asian markets including Seoul, Tokyo, Shanghai and Hong Kong recorded a decline. US markets closed with a mixed trend on Thursday.


join us for quick updates

Leave a Reply

Your email address will not be published. Required fields are marked *

Enable Notifications OK No thanks