Stock market highlights: Sensex, Nifty 50 closes at 6 month high;all sectors in green

Sensex, Nifty 50 closes at 6 month high;all sectors in green.

Ira Singh
7 June’23

The Indian equity indices extended gains to close at a six-month high in trade on Wednesday,ahead of RBI’s monetary policy decision on Thursday.

At close, the Sensex was up 350.08 points or 0.56 percent at 63,142.96, and the Nifty was up 127.40 points or 0.68 percent at 18,726.40.

Stocks and Sectors

Britannia Industries, Tata Consumer Products, BPCL, Nestle India and HDFC Life were the biggest gainers on Nifty, while losers included Cipla, Kotak Mahindra Bank, Bajaj Finance, M&M and Maruti Suzuki.

On the sectoral front, all indices ended in the green with the BSE Realty index hitting a fresh 52-week high and BSE FMCG & Capital Goods indices rallied to an all-time high. Among others, metal, oil & gas, and power indices were up 1 percent each, according to sources.

The BSE midcap and smallcap indices touched their fresh all-time high today, by adding 1 percent each.

The Indian rupee on ended marginally higher against the US dollar tracking gains in the Asian peers and local equity markets.On 7June’23,the Indian rupee gained 5 paise to close at 82.55 against the US dollar.

Experts Take:
Market experts have recommended six stocks to buy for Wednesday- Dabur India, Canara Bank, Kotak Bank, SBI, and Colgate,Palmolive.