Indian markets jumped to fresh record highs on June 25. Sensex even touched the 78,000 level today. This was due to a spike in bank stocks. HDFC Bank accounted for the lion’s share of gains. ICICI Bank and Axis Bank supported the rise in banking, among the other major index contributors.
Sensex was up 712 points and closed at 78,053 while Nifty was up 183 points and closed at 23,721.
Top Gainers and losers
The top gainers from the Nifty50 index were Shriram Finance, Axis Bank, HDFC Bank, ICICI Bank and Tech Mahindra around this time while the top losers were BPCL, Eicher Motors, Tata Steel, Asian Paints and Power Grid.
Sectoral performance
Of the 16 sectoral indices on the NSE, 8 ended in the green. Nifty Financial Services, Nifty IT, Nifty PSU Bank were among the winners. Nifty Auto, Nifty FMCG, realty and Nifty Metal closed in the red.
Global Markets & Rupee
Most major Asian indices closed in the green. Japan’s Nikkei 225 closed up 0.95%. Hong Kong’s Hang Seng gained 0.25%. Singapore’s FTSE Straits Times Index settled 0.37% higher. China’s Shanghai Composite ended with a decline of 0.44%.
The Indian rupee ended marginally higher at 83.4325 against the U.S. dollar.
