Stock Markets lost gains after hitting new landmarks on 28th June. After two back-to-back record breaking sessions, investors decided to sell-off their gains in this session. In the morning, both the indices started above previous closing and recorded major gains again. This prompted investors to end the week by booking profits.
Going into the details, banking stocks have rallied in previous sessions but they saw investors booking profits. At highest, BSE Sensex has hit 79,671.58 mark but lost gains and hit 78,905.89 mark at lowest. Even Nifty Sensex saw similar trading trend in this session. Big indices of Stock Markets, BSE lost 210.45 points to close at 79,032.73 and Nifty lost 33.90 points to close at 24,010.60 mark.
In this session of Stock Markets, BSE Sensex started trading lower than previous closing at 79,457.58 and then continued to trade between 79,671.58 – 78,905.89. On the other hand, Nifty Sensex started trading at 24,085.90 mark and it hit its highest for the day at 24,174.00. While Nifty hit the lowest at 23,985.80.
Indian Rupee traded at Rs.83.38 against USD on 28th June 2024. Reliance Industries, Tata Motors, Asian Paints, Nestle India, Wipro ended as Top Gainers in Sensex. Dr Reddys Laboratories, Oil & Natural Gas Corporation, Reliance Industries, SBI Life Insurance Company, Tata Motors ended as Top Gainers in Nifty.
On the other hand in top indices of Stock Markets; Indusind Bank, Axis Bank, Bharti Airtel, ICICI Bank, Kotak Mahindra Bank stocks ended as Top Losers in Sensex. While Indusind Bank, Bharti Airtel, Axis Bank, ICICI Bank, Kotak Mahindra Bank ended as Top Losers in Nifty.