Sensex at all-time high as largecap stocks lead

Updated: Jun 28th, 2024


Indian equity indices opened in green today following buying in largecap stocks. Sensex and Nifty made a new all-time high of 79,671 and 24,174 respectively. 

At 10 am, Sensex was at 79,558, up 314 points or 0.40% and Nifty was up 93 points or 0.39%, at 24,137.

NTPC, Sun Pharma, Tech Mahindra, Tata Motors, Power Grid, Tata Steel, Nestle, Asian Paints, Infosys, HDFC Bank and JSW Steel are the top gainers. Whereas, UltraTech Cement, Axis Bank, IndusInd Bank, Maruti Suzuki and HCL Tech are the losers.

The Nifty Midcap 100 index is up 346 points or 0.46% at 55,740 and the Nifty Smallcap 100 index is up 187 points or 1.03% at 18,352.

Among sectoral indices, PSU Bank, Fin service, Pharma, Metal and Energy are major gainers. Auto and realty are top laggards.

According to the experts, "The market momentum has the potential to take the Sensex to 80,000 level. The healthy trend in the recent rally is that it is driven by fundamentally strong largecaps like RIl, Bharti and the leading private sector banks."

"Corrections can happen any time since the market is in the overbought zone and DIIs are booking profits," They added.

(This story was taken from a syndicated feed and was only edited for style by Gujarat Samachar Digital staff)

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