Indian Share Market Records Strong Growth, Sensex Crosses 63,000 Mark
The Indian share market closed with a bang on Wednesday, June 7, as the Sensex gained 350 points and crossed the 63,000 mark. The Nifty also closed above 18,700, reaching the highest levels in the past six months. All sectors closed in the green, with the telecom, metal, realty, utility, power, and oil and gas sectors performing the best. The IT, auto, and pharma sectors also saw good growth. The broader market also recorded strong growth, with the BSE Midcap and Smallcap indices closing at 1.09% and 1.15% gains, respectively. The market’s investors’ wealth increased by approximately INR 2.47 lakh crore due to this overall bullish trend.
Market Capitalization Reaches INR 289.03 Lakh Crore
The market capitalization of the companies listed on the BSE reached INR 289.03 lakh crore, up from INR 286.56 lakh crore on Tuesday, June 6. Thus, the market cap of BSE-listed companies increased by approximately INR 2.47 lakh crore. This translates into a significant increase in investors’ wealth.
Top Performers and Losers
Of the 30 companies listed on the Sensex, 25 closed in the green. Nestle India led the pack with a gain of 2.97%. Tata Steel, Tata Motors, Power Grid, and Bharti Airtel performed well and closed with gains ranging from 1.70% to 2.34%. As for the losers, only five companies on the Sensex saw a decline in their share prices. Kotak Mahindra Bank saw the most significant decline of 1.07%, followed by Maruti Suzuki, Bajaj Finance, ICICI Bank, and Mahindra & Mahindra, which saw losses ranging from 0.05% to 0.56%.
2,296 Shares Closed with Gains
Of the 3,698 shares traded on the BSE, 2,296 closed with gains. On the other hand, 1,270 shares saw losses, and 132 shares closed without any change in their prices.
Disclaimer
The information provided here is for informational purposes only. Investing in the stock market involves risks, and investors should seek expert advice before making any investment decisions. Moneycontrol does not provide any investment advice.
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