Nifty Sensex surges, driven by financial and capital goods sectors

16 Jun 2023 , 03:51 PM

The Sensex surged by 466.95 points or 0.74% to reach 63,384.58, while the Nifty recorded a gain of 137.90 points or 0.74% to settle at 18,826. During the session, 2050 shares advanced, 1388 shares declined, and 116 shares remained unchanged.

HDFC Life, SBI Life Insurance, Bajaj Finserv, Dr Reddy’s Laboratories, and Titan Company emerged as the top gainers, whereas Wipro, Bajaj Auto, TCS, BPCL, and ONGC faced losses.

PSU Bank and capital goods sectors witnessed a 1% rise, while FMCG and healthcare sectors increased by 0.5% each. However, the information technology sector experienced a decline of 0.38%.

BSE midcap and smallcap indices both saw a rise of 0.7% during the session.

Ashok Leyland, the automaker, witnessed a nearly 4% surge, reaching a nine-month high, following positive analyst sentiments regarding the company’s expansion plans, focus on margin improvement, and pricing discipline.

Titagarh Wagons and Ramkrishna Forgings recorded gains of over 3% and 7% respectively after their consortium secured a contract worth 122.27 billion rupees from the Ministry of Railways.