Market update 16th June 2020. Market surges despite volatility. HDFC twins top gainers.
Today, Indian indices witnessed volatile trade due to improving performance of global cues and closed on a positive note. Selling pressure was seen in FMCG, Infra, Energy and Pharma stocks but IT and Metal stocks outperformed. When market closed, SENSEX increased by 376.42 points or 1.13%, closing at 33,605.22 and NIFTY was up by 100.30 points or 1.02%, closing at 9,914.00. The S&P BSE midcap index was up by 46.34 points or 0.37%, closing at 12,501.29 and S&P BSE Small cap increased by 4.77 points or 0.04 %, closing at 11,849.62. While, NIFTY Midcap 100 closed at 14,230.60, up by 62.05 points or 0.44% and NIFTY Small cap 100 closed at 4,404.75 and decreased by 4.85 points or 0.11%.
Global indices and commodities:
When Indian market closed, almost all the global indices were trading at a positive note. DAX was up by 328.98 points or 2.76%, trading at 12,240.33 and CAC was trading at 4,923.46, up by 107.74 points or 2.24%. SGX Nifty was trading at 9,881.50 and increased by 0.87% or 85.00 points. While, NASDAQ was trading at 9,726.02, up by 85.00 points or 0.87%.
Currently, Gold is trading at 47,350.00 up by 324.00 points or 0.67%, Silver is trading at 47,910.00 up by 517.00 points and 1.09%. Crude oil is trading at 2,859.00, which increased by 74.00 points or 2.66%.
At the closing time of Indian indices, almost all the currencies were trading at a positive note. USD was trading at Rs 76.21, increased by 0.25%. EURO was trading at Rs 86.10, up by 0.13% and GBP was trading at Rs 96.21, up by 0.51%.
Sector wise performance:
Among the sectors, major jump was seen in Banking, Auto, IT, and Metal sector while major losses was booked by FMCG and Pharma Stocks. The S&P BSE Auto index increased by 9.74 points or 0.07% and S&P BSE BANKEX was up by 441.83 points or 1.95%. S&P BSE IT was up by 135.73 points or 0.95% and BSE IT was up by 135.73 points. NIFTY BANK increased by 383.80 points or 1.93%, closing at 20,296.70 and NIFTY Auto was up by 8.05 points or 0.12%. While, NIFTY IT increased by 54.10 points or 0.38%, closing at 14,450.80 and NIFTY FMCG fell by 126.45 points or 0.44%.
Top 5 gainers:
Share price of HDFC Bank increased by 40.55 points or 4.27%, closing at Rs 990.40, HDFC gained 70.25 points or 4.01% and closed at Rs 1,891.90. ICICI Bank shares increased by 11.85 points or 3.58%, closing at Rs 342.95. JSW Steel was up by 6.30 points or 3.43%, closing at Rs 190.05 and Hindalco shares increased by 4.30 points or 2.95% and closed at Rs 150.10.
Top 5 losers:
Today, Tata Motors shares declined by 5.75 points or 5.72%, closing at Rs 94.75. Bharti Infratel shares declined by 6.90 points or 3.10 percent, closing at Rs 216.00. Tech Mahindra decreased by 15.50 points or by 2.82%, closing at Rs 533.30. Share price of GAIL fell by 2.15 points or 2.16%, closing at Rs 97.50 and Axis Bank declined by 8.05 points or 2.07%, closing at Rs 381.55.
Stock in news:
Most active stocks in terms of volume were Vodafone idea, Tata Motors, SBI, IndusInd Bank, SAIL, Federal Bank, BHEL, IDFC First Bank, Bank of Baroda, Axis Bank, RBL Bank and PNB. Today, HDFC Twins were in news as both HDFC and HDFC Bank gained more than 4 percent. Tata Motors was in news as after they announced their Quarter 4 Results,. Their share price declined by more than 5 percent and was one of the top losers today, closing at Rs 94.75. IT sector ended on positive note and IT stocks like TCS and Infosys increased around 1 to 2 percent.