Published : 19 July 2023
By : Sachin Gupta
The BSE Sensex pack increased by more than 300 points to reach a new record high of 67,117, while the larger NSE Nifty increased by more than 100 points to reach a new record high of 19,842.
The domestic indices rose as a result of Reliance Industries (RIL) impending demerger of its financial services division, HDFC Bank's solid June-quarter (Q1 FY24) results and Infosys's $2 billion AI contract win.
The NSE platform was outperformed by Consumer Durables, Nifty Oil & Gas, Nifty Pharma, and Nifty Bank, which saw increases of up to 1.08 percent, 0.62 percent, 0.57 percent, and 0.32 percent, respectively. The only sub-index that fell was Nifty Auto, which fell 0.14 percent.
CMP RIL ₹2812.65 HDFC Bank ₹1677.95 Infosys ₹1463.6
A few of the leading causes of the increase:
Among the top losers were:
CMP Hindalco ₹441.00 HDFC Life ₹654.6 Hero MotoCorp ₹3100.05 M&M ₹1539.95 LTI Mindtree ₹3433.85