Markets close near record highs

14 Jul 2023 , 03:43 PM

Domestic equity markets ended the day near record highs amid strong buying across sectors. Nifty 50 closed 151 points higher. Sensex ended higher by 581 points.

In today’s trade, markets entered with gains and were steady throughout the session. However, in the last half an hour, market bulls worked to hit fresh highs, extending previous rallies.

Nifty IT index drove the rally in today’s trade with about a 4.5% uptick. Media stocks also closed 4% higher, primarily driven by a surge in Zee Entertainment’s stock. All other sectoral indices ended the session with gains.

All major IT stocks namely, TCS, Infosys, Tech Mahindra, LTI Mindtree, and HCL Tech were the top gainers. HDFC Life, Power Grid, Dr Reddy’s, UltraTech Cement, and Titan emerged as the top laggards despite a bullish trend in markets.

Most active stocks in terms of volume were Power Grid, Tata Steel, Wipro, ICICI Bank, and Infosys. In terms of value, the top stocks were TCS, HDFC Bank, Reliance, Infosys, and Kotak Bank.

A total of 133 stocks touched new 52-week highs in today’s trade, and 21 stocks fell to new 52-week lows.