Stock market trade at fresh closing highs amid broad-based rally, IT stocks shine

Stock market trade at fresh closing highs amid broad-based rally, IT stocks shine

Ira Singh
14 July’23

The Indian equity indices traded at fresh closing highs on Friday,amid broad-based buying on Dalal Street,led by information technology stock.

At close, the Sensex was up 502.01 points or 0.77 percent at 66,060.90, and the Nifty was up 150.70 points or 0.78 percent at 19,564.50.

BSE Sensex and Nifty50 touched their fresh record levels of 66,159.79 and 19,595.35, respectively, according to sources.

Stocks and Sectors

TCS, Infosys, Tech Mahindra, LTIMindtree and HCL Technologies were biggest gainers on Nifty, while losers included HDFC Life, M&M, Power Grid Corporation, Titan Company and Dr Reddy’s Laboratories.

On the sectoral front,all indices ended in the green with Information Technology index up over 4 percent and metal and realty indices up 1 percent each, according to sources

BSE midcap and smallcap indices added 1 percent each.

On 14th July’23,the Indian rupee ends 10 paise lower to close at 82.17 against the US dollar.

Experts Take:
Market experts have recommended six stocks to buy for Friday-ONGC, ABFRL, Infosys, Tech Mahindra, Divi’s Lab and ICICI Bank.