Stock market highlights: Nifty settles at 18594 points, Sensex gains 241 points led by auto, power, capital goods

Nifty settles at 18594 points, Sensex gains 241 points led by auto, power, capital goods

Ira Singh
5 June’23

The Indian stock market indices closed marginally higher on Monday led by power, auto and capital goods.

At close, the Sensex was up 240.36 points or 0.38 percent at 62,787.47, and the Nifty was up 59.75 points or 0.32 percent at 18,593.85.

Stocks and Sectors

Mahindra & Mahindra, Axis Bank, Tata Motors, Larsen & Toubro and Grasim Industries were the biggest gainers on the Nifty while losers included Divis Laboratories, Tech Mahindra, Asian Paints, Nestle India and BPCL.

On the sectoral front, auto and capital goods indices rose 1 percent each, while some selling was seen in the information technology and FMCG names.

The BSE midcap index gained 0.3 percent and smallcap index rose 0.5 percent, according to sources.

According to official reports,rupee appreciated last week amid weakness in dollar, softening of crude oil prices and upbeat economic data from country.Furthermore,For Monday, Indian Rupee future maturing on June 27th may appreciate further till 82.25 levels as long as it sustains below 82.50 levels, experts believe.

On 5th June’23,the Indian rupee closed 29 paise lower at 82.68 against US dollar.

Experts Take:
Market experts have recommended six stocks to buy for Monday-Canara Bank, LT, JSW Steel M&M, Jindal Steel and Axis Bank.