Benchmark equity indices hit their record high levels on Wednesday, with the Sensex hitting the record 64,000 mark and the Nifty scaling the 19,000 peaks amid a rally in the US and European markets and fresh foreign fund inflows.
Buying in market heavyweight stocks like Reliance Industries and HDFC Bank also aided the positive momentum.
Who are the top contributors to Sensex – Nifty indices?
On Wednesday, stocks such as Adani Enterprises (up 3.92 percent), Adani Ports (up 3.41 percent), JSW Steel (up 3.12 percent), NTPC (up 2.36 percent), and Tata Motors Ltd. (up 2.33 percent) were among the positive contributors to the Nifty index.
In the meantime, the top gainers on Sensex are EPL (up 6.94%), ICIL (up 7.18%), Kitex (up by 9.13%), and Sindhu Dealers (up by 4.69%), and BCG (up 4.97%)
Who are the biggest losers?
On NSE, the biggest losers were Hero Motoorp (down 0.74%), HDFC Life (down 0.66%), Kotak Bank (down 0.28%), Tech Mahindra (lower by 0.48%), and Wipro (down by 0.33%).
Meanwhile, the BSE’s biggest losers are HCC (down 3.1%), Rain (down 3.12%), IOLCP (lower by 2.9%), RTN Power (down 2.95%), and Sardaen (down 2.84%).
What about the banking sector ?
- The Bank Nifty, India’s banking stock market index, opened above 44,400.
- At 44,354.05., it is currently trading 1.63 percent, or 713 points, higher.
- Stocks like HDFC Bank, SBI, IndusInd Bank, ICICI Bank, and Axis Bank are among the index’s top gainers.
- Today, the losers are Kotak Bank, Federal Bank, and Bank of Baroda.
Metal stocks are witnessing an upward movement
Nifty Metal has climbed by 125.3 points or 2.06% to 6,208.4 points. The biggest gainers on the index are Adani Enterprises, JSW Steel, Ratnamani Metals & Tubes, Tata Steel, and Coal India.