Markets hit all-time highs; Nifty above 18,970

28 Jun 2023 , 01:06 PM

Indian equity markets touched their all-time high in Wednesday’s afternoon session supported by Adani group stocks and gains in financial stocks.

According to analysts, the current rally is characterized by broader participation across various sectors compared to the previous record high reached by the benchmarks on December 1, 2022.

On the sectoral front, the Nifty Metal pack is driving the rally, followed by Pharma stocks. All other sectoral indices, except Nifty Media, are extending gains. India’s Volatility index is ~5% higher.

At around 1.00 PM, BSE Sensex is trading 965 points higher at 63,935. NSE Nifty is at 18,979, up by 288 points.

Adani Enterprises (+4.70%) is the biggest NSE gainer today. Adani Ports (+3.33%) is driving the chart upward with over 3% gains. JSW Steel (+2.81%), Tata Motors (+2.50%), and Titan (+1.93%) are trading higher.

Hero MotoCorp (-0.92%) is the top loser. HDFC Life (-0.80%), Kotak Bank (-0.31%), and Wipro are the top losers.

A total of 46 stocks advanced, and 4 declined on the nifty index today.