Stock Markets has hit record benchmarks on 25th June. After some two back-to-back mid sessions, investors started investing in big stocks and the rally helped in hitting new benchmarks. While global markets did not really contribute to this rally, banking sector performed above expectations.
Going into the details, big private banking stocks like Axis Bank, HDFC Bank, ICICI Bank drove the rally and grew by more than 4%. BSE Sensex for the first time hit 78,000 mark and at the highest even touched 78,150 mark too. Big indices of Stock Markets, BSE gained 712.45 points to close at 78,053.52 and Nifty gained 183.45 points to close at 23,721.30 mark.
In this session of Stock Markets, BSE Sensex started trading lower than previous closing at 77,529.19 and then continued to trade between 77,459.60 – 78,164.71. On the other hand, Nifty Sensex started trading at 23,577.10 mark and it hit its highest for the day at 23,754.15. While Nifty50 hit the lowest at 23,562.05.
Indian Rupee traded at Rs.83.43 against USD on 25th June 2024. Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra and Larsen & Toubro ended as Top Gainers in Sensex. Shriram Finance, Axis Bank, ICICI Bank, HDFC Bank and HDFC Life Insurance Company ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Power Grid Corporation Of India, Tata Steel, Asian Paints, Nestle India and Maruti Suzuki India stocks ended as Top Losers in Sensex. While Bharat Petroleum Corporation, Eicher Motors, Power Grid Corporation Of India, Asian Paints and Tata Steel ended as Top Losers in Nifty50.