Benchmark indices went bullish amid strong global cues; All the sectoral indices traded in green except Bank, FMCG, and Media; Broader market indices ended up higher


Indian benchmark indices gained on Thursday, on the back of strong cues from global markets driven higher by lower inflation reading in the US.

At close, Nifty was at 23,399.90, up 75.95 points, or 0.33% while Sensex was at 76,810.90, up by 204.33 points, or 0.27%.

Gainers and Losers on Nifty: 14 of the 50 stocks on the Nifty 50 were trading in the red. Hindustan Unilever, ICICI Bank, Axis Bank, Eicher Motors, and Britannia Industries, were the top drags, while Shriram Finance, HDFC Life, Divi’s Laboratores, Titan and Mahindra & Mahindra, were the top gainers.

Gainers and Losers on Sensex: 10 of the 30 stocks on the BSE Sensex were trading in the red. Hindustan Unilever, ICICI Bank, Axis Bank, Power Grid Corp., and Bharti Airtel, were the top drags, while Titan, Larsen & Toubro, Mahindra & Mahindra, IndusInd Bank, and TCS, were the top gainers.

Sectoral Indices today: Barring bank, FMCG, and media, all other sectoral indices were trading in the green. The realty, consumer durables, and IT indices were the top gainers, followed by auto, healthcare, and oil & gas indices.

Broader market indices today: The broader market was trading in the green, with the BSE SmallCap gaining 0.93% and the BSE MidCap climbing 0.78%.


Paytm: The stock jumped 7.5 percent after Samsung partnered with the payments and financial services distribution company to bring travel and entertainment services to Samsung Wallet in India. The stock extended gains for the third straight session.

Sobha: Shares of the South-based realty firm jumped 5 percent after the company board greenlit the offer and issuance of equity shares for Rs 2,000 crore through a rights issue. The price of the rights issue has been fixed at Rs 1,651 per equity share, a discount of 25 percent.

Sugar stocks: Stocks such as Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat Sugar, and EID Parry zoomed up to 13 percent amid a report that the government is considering increasing minimum support price (MSP) of sugar for 2024-25.

Sun TV Network: Shares fell 2.4 percent as investors rushed to book some profits after the stock’s strong run to its 52-week high in the previous session. The stock has surged around 6 percent in the last session, buoyed by Axis Capital’s increased price target for the scrip.

Insurance stocks: Life insurance stocks gained on June 13 despite the Insurance Regulatory and Development Authority of India (IRDAI) mandated companies to offer surrender value (SV) from the first year, instead of the second or third year. Shares of LIC, HDFC Life, ICICI Prudential, Max Financial Services, ICICI Lombard, and General Insurance Corporation rose to 2 percent.

Venus Remedies: Shares surged 6.1 percent after the company won a contract from UNICEF for its antibiotic product, Ceftriaxone in a tender for the supply of Beta Lactam antibiotics. Ceftriaxone is a kind of antibiotic drug used to treat bacterial infections.