Markets wrap up with impressive upswing; at new closing highs

28 Jun 2023 , 03:46 PM

Domestic equity markets ended the day with impressive gains after touching all-time highs in today’s trading session. Nifty 50 closed 300 points higher. Sensex ended the day with a gain of 991 points.

After a slew start, markets rose to their highest levels supported by heavyweight financial stocks.  The markets witnessed broad-based participation in today’s rally. Midcap stocks strengthened, and positive movements were seen in high beta factors.

In today’s trade, the Nifty 50 reached 19,000 mark, while Sensex breached the 64,000 mark.

Among the top gainers were two of the Adani Group entities, Adani Enterprises, and Adani Ports. JSW Steel, Bajaj Auto, and Sun Pharma also held top positions on the gainers’ chart. The top laggards were HDFC Life, Tech Mahindra, Mahindra & Mahindra, Apollo Hospital, and Hero MotoCorp.

In today’s trade Adani Enterprises, HDFC Bank, ICICI Bank, HDFC, and HDFC Life were the most active stocks in terms of value. In terms of volume, the most active stocks were ONGC, NTPC, HDFC Bank, Adani Enterprises, and ICICI Bank, in the same sequence.

A total of 121 stocks touched new 52-week highs in today’s market rally. While, 18 stocks plunged to 52-week lows despite a positive momentum in the markets.