Indian benchmark indices erased previous session losses and ended higher on Monday (1st July 2024). After a flat start, the market gained strength, with Nifty inched closer to record levels led by buying across the sectors barring power, PSU Bank and realty.
At close, BSE Sensex climbed 443 points or 0.56 percent at 79,476 and the Nifty was up 131 points or 0.55 percent at 24,142.
In the broader market, the mid-and small-cap segments also saw a stronger buying interest, as the BSE Midcap and Smallcap indices hit fresh record highs during the session. Eventually, the BSE Midcap jumped 1.11 per cent higher and the Smallcap index soared with a gain of 1.58 per cent.
In the Sensex index, 20 out of 30 companies registered gains. The top three gainers today were Tech Mahindra with 2.94 percent gain, Bajaj Finance with 2.24 percent gain and Ultra Cement with 2.11 percent.
On the other hand, the three major laggards were, NTPC with 2.23 percent loss, SBI with 0.8 percent while Larsen and Toubro lost 0.61 percent.
In Sectoral Indices at the BSE, 17 out of 20 logged gains. The top three gainers were, Information Technology 1.84 percent, Teck 1.46 percent and Commodities 1.21 percent.
Whereas, Utilities 0.64 percent, Realty 0.40 percent and Power 0.31 percent were the three major laggards.
The overall Market breadth was positive. Out of 4,146 Companies, the shares of 2,656 companies advanced, 1,346 declined and 144 remain unchanged.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
