Markets wrap up with gains

5 Jun 2023 , 03:45 PM

Indian stock markets ended the day on a positive note after a session of trading marked by a narrow range of fluctuations. Nifty 50 closed 60 points higher. Sensex ended the day with a gain of 240 points.

Indian benchmark indices kicked off the day with gains today. The upward movement continued throughout the day following which markets rang closing bells on the upside. The markets showed modest gains on the back of optimism in the global markets in anticipation of a pause in interest rate hikes by the US Federal Reserve in the upcoming monetary policy.

Investors are eagerly eyeing the US Monetary Policy meeting to be held on June 8, 2023.

Mahindra & Mahindra, Axis Bank, Tata Motors, L&T, and Grasim industries held the top positions on the nifty index today. Loser’s chart was mainly led by Divis Lab and Asian Paints. Tech Mahindra, Hero Moto, and Nestle India were the other losers.

Nifty Bank and Financial Services indices finished higher. Nifty Midcap 50 ended flat. Nifty IT and FMCG indices ended the day on a sluggish note.

The most active stocks in terms of value were HDFC Bank, Axis Bank, and HDFC. In terms of volume, Tata Steel, Power Grid, and Coal India held the top positions.

On NSE, 153 stocks hit new 52-week highs today. 17 stocks plunged to new 52-week lows.

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