Closing Bell: Market halts the losing run in a choppy trading session
Domestic equity bourses Sensex and Nifty 50 ended a volatile session in the green on Monday, thus snapping the six-day losing streak, helped by gains in financial and IT names.
Indian equity market finished higher in volatile trade on Monday as buying in consumer goods, financial and technology shares contrasted with selling in metal, energy and automobile stocks. The headline indices turned positive after seeing losses for six straight sessions but moved between green and red throughout the day. Owing to these developments, both the benchmarks manage to end higher.
At the closing bell on June 20, the Sensex was up 237.42 points or 0.46% at 51,597.84, and the Nifty was up 56.70 points or 0.37% at 15,350.20. On the market breadth, around 673 shares have advanced, 2663 shares declined, and 156 shares are unchanged.
Top Nifty gainers of the day include HUL, HDFC, Apollo Hospitals, Asian Paints and UltraTech Cement, while top losers were ONGC, Tata Steel, UPL, Hindalco Industries and Coal India. In the top trending stocks, HDFC was the top Nifty gainer as the stock climbed 3.93% to Rs 2,133.35. Axis Bank, BPCL and Hindalco six other Nifty stocks hit 52-week low. In the top drags, shares of Vedanta, Rain Industries, Bandhan, Hindustan Copper and GNFC fell over 10% each
On a sectoral basis, the FMCG index added 1% and the IT index was up 0.4%, however oil & gas, metal, capital goods, power and realty indices closed ower between 1-4%. In the broad markets,
BSE midcap index shed 1.4% and smallcap index fell 3%.
In the currency market, Indian rupee also snapped its three-day losing streak. The Rupee traded up by 0.25% to 77.88 against the dollar, during today's session, before trimming some of the gains to 77.98. Global markets were trading with mixed trends.
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