Markets close in a sweet spot; Nifty ends above 19,950

20 Jul 2023 , 03:43 PM

Indian stock markets closed with massive gains today after hitting record highs. Nifty 50 closed 136 points higher. Sensex ended with a gain of 455 points.

In today’s trade, markets made a flat start and sank to the day’s low in early morning session. However, later in the day, it extended its rally of previous sessions.

Nifty Bank and FMCG stocks closed over 1% higher. Nifty IT index dragged down nearly 1%. All other sectors ended on a positive note.

Nifty Smallcap and Midcap stocks ended on a flat note.

ITC, Kotak Bank, ICICI Bank, Dr Reddy’s, and Grasim Industries were the top gainers in today’s trade. Infosys, Ultratech Cement, Bajaj Finserv, Eicher Motors, and Britannia emerged as top laggards.

In terms of value, the most active stocks were Reliance, HDFC Bank, ICICI Bank, SBI, and Kotak Bank. Most active stocks in terms of volume were SBI, HDFC Bank, ICICI Bank, Tata Steel, and ITC.

A total of 145 stocks touched new 52-week highs, and only 12 stocks hit new 52-week lows.