Feedback | Wednesday, June 19, 2024

Market fails to hold record high, ends flat amid volatility

In a rangebound trading session on May 24, India’s benchmark indices reached fresh record highs, with the Nifty surpassing the 23,000 mark for the first time. Despite the early gains, the indices failed to maintain higher levels and ended the day with minimal change.

At the close of trading, the Sensex had decreased by 7.65 points, or 0.01 percent, to 75,410.39, while the Nifty had declined by 10.55 points, or 0.05 percent, to 22,957.10. For the week, both the BSE Sensex and Nifty50 indices recorded a rise of two percent each.

After a negative start, the benchmark indices achieved new record highs early in the session but experienced rangebound movement throughout the day.

Key gainers on the Nifty included HDFC Bank, L&T, Bharti Airtel, BPCL, and Axis Bank. Conversely, Adani Ports, Tata Consumer, Tech Mahindra, Titan, and M&M were among the top losers.

Sector-wise, oil & gas, capital goods, telecom, and media sectors saw gains ranging from 0.5 to 2 percent. In contrast, FMCG, healthcare, IT, metal, and realty sectors each fell by 0.5 percent.

The BSE Midcap index edged up by 0.2 percent, while the Smallcap index dropped by 0.2 percent.

Over 200 stocks hit their 52-week highs on the BSE, including notable names such as Samvardhana Motherson International, Adani Enterprises, Aditya Birla Fashion, Ashok Leyland, Aurobindo Pharma, Bharat Forge, Bharti Airtel, Biocon, Divis Labs, Eicher Motors, Exide Industries, Hero MotoCorp, Oberoi Realty, Power Finance, SBI, and Tata Steel.

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Last Updated: 19th Jun 2024