Indian markets surged to fresh record highs on June 25. The Sensex index hit 78,000 levels today. This was driven by a surge in banking stocks, with HDFC Bank accounting for most of the gains. ICICI Bank and Axis Bank also helped bolster the banking rally among other major index contributors.
The Sensex rose 712 points to close at 78,053, while the Nifty rose 183 points to close at 23,721.
Top vote-getters and losers
The top gainers from the Nifty50 index during this period were Shriram Finance, Axis Bank, HDFC Bank, ICICI Bank and Tech Mahindra, while the top losers were BPCL, Eicher Motors, Tata Steel, Asian Paints and Power Grid.
Performance by Category
Of the 16 sectoral indices on the NSE, eight ended higher, including Nifty Financial Services, Nifty IT and Nifty PSU Bank. Nifty Auto, Nifty FMCG, Realty and Nifty Metal ended lower.
Global Markets and the Rupee
Most of Asia’s major stock indexes closed in the positive. Japan’s Nikkei rose 0.95 percent. Hong Kong’s Hang Seng Index rose 0.25 percent. Singapore’s FTSE Straits Times Index rose 0.37 percent. China’s Shanghai Composite Index closed down 0.44 percent.
The Indian rupee strengthened slightly against the US dollar to close at 83.4325 rupees.
