Sensex, Nifty at all-time high as inflation cools this week

Updated: Jun 15th, 2024

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Image: IANS

Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time high of 77,145 and 23,490 respectively. 

In the last week that ended on June 14, Sensex closed at 76,992, up 299 points or 0.39%, and Nifty settled at 23,465, up 175 or 0.75%.

Data released by the government on June 13 showed that the retail inflation rate has fallen to 4.75% in May, which was 4.83% in April.

During the week, Foreign institutional investors (FIIs) have invested Rs 2,030 crore and domestic institutional investors (DIIs) have invested Rs 6,293 crore.

Smallcap and midcap shares have attracted more investors than largecap during this period. BSE Smallcap Index rallied 5% and BSE Midcap Index surged 4.4% during the week.

In smallcap, EIH Associated Hotels, Reliance Power, PTC Industries, Avantel, HCC, GTL Infrastructure, Wardwizard Innovation and Mobility, Honda India Power Products, Home First Finance Company India, Paras Defense and Space Technology, and Asian Granito India gained more than 25%.

In midcap, Endurance Technologies, LIC Housing Finance, Scheffler India, Oil India, Max Healthcare Institute, Samvardhan Motherson International, Honeywell Automation, Oracle Financial Services Software, and New India Assurance were top gainers.

Among the sector indices, the Capital Goods Index surged 6.4%, the Realty Index rallied 5.4%, the Telecom Index shot up by 4% and the Oil and Gas Index gained 3.5%.

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

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