Stock market scale fresh Highs;HDFC Bank Leads

Stock market scale fresh Highs;HDFC Bank Leads

Ira Singh
17 July’23

The Indian equity benchmark indices scaled fresh highs on Monday amid foreign fund inflows and buying in index majors HDFC Bank and Reliance Industries.

At close,the Sensex was up 529.03 points or 0.80 percent at 66,589.93, and the Nifty was up 147 points or 0.75 percent at 19,711.50.

Stocks and Sectors

State Bank of India, Dr Reddy’s Laboratories, Wipro, Grasim Industries and HDFC Bank were biggest gainers on Nifty, while losers included Hero MotoCorp, ONGC, Bharti Airtel, Tata Motors and JSW Steel, according to sources.

On sectoral front, except auto, all other indices ended in the green with the PSU Bank index up 2 percent and the Nifty Bank index up 1 percent.

BSE Sensex and Nifty50 touched their fresh record levels of 66,656.21 and 19,731.85, respectively, according to sources.

BSE midcap index was up 0.3 percent and smallcap index added nearly 1 percent.

On 17th July’23,the Indian rupee rises 12 paise to close at 82.05 against US dollar,boosted by the performance of domestic equity benchmarks,which reached all time highs and weakness in the greenback.

Experts Take:
Market experts have recommended six stocks to buy for Monday— Biocon, Vedanta, Tata Steel, Wipro, Axis Bank, and Dabur.