Wed. Jun 7th, 2023

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HCL, RIL become top gainers on BSE

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Stock market

On Friday, the domestic benchmark indices closed flat as Sensex decreased by 0.03% or 11.57 points to settle at 38,128.90. Nifty declined by 0.19% or 21.30 points to end at 11,194.15.

On the global front, in Asian markets, Shanghai index tanked by 3.86% on growing concerns about the rising US-China tensions as the latter ordered the United States to close down the former’s consulate in Chengdu as a retaliation for the closing of China consulate in Houston.

Hang Seng, Nikkei, and Korea Composite Stock Price Index (KOSPI) declined by 2.21%, 0.58%, and 0.71%, respectively. In European markets, FTSE 100, DAX and CAC 40 were trading lower by 1.03%, 1.34%, and 1.09%, respectively.

In Sensex basket, seven stocks gained, while 23 declined. Sensex gainers consisted of HCL Technologies that gained by 4.29%, RIL rose by 4.15%, Tech Mahindra increased by 3.25%, Sun Pharmaceutical Industries rose by 1.95%, IndusInd Bank gained by 1.61%, Infosys rose by 1.51% and Power Grid increased by 0.05%.

Sensex losers included Axis Bank, which declined by 3.32%, SBI fell by 3.32%, ONGC was down by 2%, HDFC decreased by 1.80%, Kotak Mahindra declined by 1.77%, Tata Steel went down by 1.69%, etc.

Amongst sectoral indices on BSE, the Metal index was the biggest loser that was down by 2.11% while, Energy index was the biggest gainer, up by 2.90%.

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