Markets close in red

15 Jun 2023 , 03:41 PM

Indian stock markets ended the day on a dim note after the US Fed Reserve decided to pause interest rate hikes. Nifty 50 closed 68 points lower. Sensex ended 310 points lower, erasing yesterday’s recovery.

The markets were trading on the downside throughout the day with slight gains occasionally. This was mainly on account of the hawkishness of US Fed rates still keeping the investors cautious.

All of the sectoral indices closed in low spirits except for Pharma, FMCG, and Auto. Bank and Financial Services indices dragged down the chart.

Apollo Hospitals, Divis Lab, Dr Reddy’s, Cipla, and BPCL ended the day as top gainers. Hero MotoCorp, Wipro, IndusInd Bank, SBI, and Kotak Bank emerged as the top losers on nifty in today’s trade.

In terms of value, HDFC Bank, ICICI Bank, Axis Bank, Reliance, and SBI were the most active stocks. In volume terms, Tata Steel, ICICI Bank, SBI, HDFC Bank, and Axis Bank were on top.

A total of 143 stocks rose to new 52-week highs, and 13 stocks touched 52-week lows.