Informist, Tuesday, Jun 6, 2023

By Pradeep Suresh V

MUMBAI – Benchmark indices ended today’s session flat following a late surge in banking and financial services stocks. The surge came on a day when information technology stocks fell the most.

The Nifty 50 and Sensex, which were down for most of today's session, closed flat at 18599 and 62792.88 points, respectively.

Among Nifty 50 stocks, UltraTech Cement ended 2.9% higher after surging earlier to 8,120 rupees, the highest in nearly 19 months. Divi's Laboratories was the second-largest gainer, ending up 2.2% after two straight sessions in the red.

Shares of Titan Co today hit a fresh all-time high of 2,893 rupees, before ending 0.9% higher at 2,881.45 rupees.

Stocks not part of the Nifty 50 also witnessed impressive gains. Sharda Cropchem's shares rose as much as 12.6% and hit the highest level in over 10 months at 565.00 rupees before ending the session 10.8% higher.

The Nifty Realty index was the top gainer among sectoral indices, followed by the Nifty Auto, which ended 1.1% higher. The Nifty Auto, earlier in the session, had peaked to its all-time high of 14743.45 points.

However, the late recovery in the indices was due stocks in the banking and pharma sectors. Key banking and financial services stocks such as Axis Bank, Kotak Mahindra Bank, Bajaj Finserv and Bajaj Finance ended 1-1.8% higher.

The Nifty Pharma index ended up 0.6% after hitting 13028.40 points, the highest in over five months. The Nifty Infrastructure index also hit a lifetime high of 5527.55 points in early trade on the back of strong prospects of growth in the Indian economy.

Among other sectoral indices, the Nifty IT index was the top loser ending down 1.9%. IT stocks were hit primarily by the macroeconomic uncertainty in the US. Further, US technology giant EPAM Systems toned down its revenue guidance for Apr-Jun and 2023.

Of the top five losers among Nifty 50 stocks, four belonged to the IT sector. Tech Mahindra was the top loser among Nifty 50 stocks ending 2.1% lower. It was followed by the shares of Infosys and Tata Consultancy Services which ended down 2% and 1.7%, respectively. Shares of Wipro fell 1.1%.

However, benchmark indices are unlikely to fall any more this week and could witness a range break out on Wednesday, similar to the one seen on Monday, said Brijesh Ail of IDBI Capital.

* Of the Nifty 50 stocks, 28 rose, 22 fell

* Of the Sensex stocks, 16 rose and 14 fell

* On the BSE, 1,924 stocks rose, 1,611 fell, and 124 were unchanged

* Nifty Realty: up 1.19%; Nifty Auto: up 1.09%; Nifty IT: down 1.88%

BSE                                                NSE
Sensex: 62792.88 up 5.41 pts or 0.01%              Nifty 50: 18599, up 5.15 pts or 0.03%

S&P BSE Sensitive Index                            Nifty 50
Lifetime High: 63583.07 (Dec 1, 2022)           :  Lifetime High: 18887.60 (Dec 1, 2022)
Record Close High: 63284.19 (Dec 1, 2022)       :  Record Close High: 18812.50 (Dec 1, 2022)

2023 1st day close: 61167.79 (Jan 2)            :  2023 1st day close: 18197.45 (Jan 2)
2023 Closing High: 62345.71 (May 15)            :  2023 Closing High: 18499.35 (May 26)

2023 Closing Low: 59288.35(Feb 27)              :  2023 Closing Low: 17311.80 (Oct 17)

2023 High (intraday): 62562.67 (May 15)         :  2023 High (intraday): 18508.55 (May 26)

2023 Low (intraday): 58699.20 (Jan 30)          :  2023 Low (intraday): 17098.55 (Jan 17)

2022 1st day close: 59183.22 (Jan 3)            :  2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 63284.19 (Dec 1)             :  2022 Closing High: 18812.50 (Dec 1) 
2022 Closing Low: 51360.42 (Jun 17)             :  2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 63583.07 (Dec 1)          :  2022 High (intraday): 18887.60 (Dec 1)

2022 Low (intraday): 50921.22 (Jun 17)          :  2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14)            :  2021 Closing High: 18338.55 (Oct 14) 
2021 Closing Low: 46285.77 (Jan 29)             :  2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14)         :  2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29)          :  2021 Low (intraday): 13596.75 (Jan 29)-

2020 Closing High: 47751.33 (Dec 31)            :  2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23)             :  2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31)         :  2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24)          :  2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20)         :  2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19)          :  2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28))         :  2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23)           :  2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26)         :  2017 High(intraday): 10515.10 (Dec 26)

End

Edited by Aditya Sakorkar

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