Markets wrap up with impressive gains

4 Jul 2023 , 03:37 PM

Indian benchmark indices ended today’s session with substantial after a yet-another winning day. Today, markets remained on a positive streak, hitting fresh highs in fourth consecutive session. Nifty 50 closed 65 points higher. Sensex ended with an uptick of 285 points.

In today’s session, gains were supported by Banking and Financial Services indices. NBFC major Bajaj Finance contributed significantly towards today’s rally in the Nifty Financial index, it rose about 8% on posting impressive growth in Q1 numbers.

Further, the Nifty Auto index closed on the downside today, dragged primarily by about a 4% downfall in Eicher Motors on fears that Hero MotoCorp’s new Harley Davidson co-developed bike could capture its market share. All other sectoral indices settled in positive territory.

Bajaj Finance, Bajaj Finserv, Hero MotoCorp, Tech Mahindra, and Sun Pharma led the gainers today with giant leaps. Eicher Motors, Bharti Airtel, Axis Bank, Reliance, and ONGC emerged as the top laggards.

Most active stocks in terms of value were HDFC Bank, Bajaj Finance, HDFC, SBI, and Eicher Motors. In terms of volume, most active stocks were Tata Steel, SBI, HDFC Bank, ICICI Bank, and NTPC.

In today’s trade, 124 stocks touched new 52-week highs, and 14 stocks slipped to new 52-week lows.