Stocks Close with a Boom: Sensex Up by 350 Points, Nifty Up by 127 Points

The Indian stock market closed on June 7, 2023 with a huge boom. The Sensex rose by 350.08 points to close at 63142.96 points, while the Nifty closed at 18726.40 points with a gain of 127.40 points. Here are some key highlights from the day’s trading:

Top Gainers of Nifty:
– Britannia: Shares closed at Rs 4,893.15, up nearly Rs 188.
– Tata Consumer: Shares closed at Rs 823.10, up nearly Rs 31.
– BPCL: Scrip closed at Rs 368.10, up nearly Rs 12.
– Nestle: Stock closed at Rs 22,367.75, up nearly Rs 662.
– HDFC: Shares closed at Rs 594.45, up nearly Rs 15.

Nifty Top Losers:
– Cipla: Scrip closed at Rs 960.45, down nearly Rs 12.
– Kotak Mahindra: Shares closed at Rs 1,939.40, down nearly Rs 20.
– Bajaj Finance: Shares closed at Rs 7,079.95, down nearly Rs 34.
– Mahindra & Mahindra: Shares closed at Rs 1,406.40, down nearly Rs 5.
– Maruti Suzuki: Shares closed at Rs 9,707.50, down nearly Rs 29.

Other Highlights:
– Out of 3,698 companies traded on the BSE today, about 2,299 shares closed with gains and 1,267 shares with a decline. There was no difference in the share price of 132 companies.
– 257 stocks have closed at the upper level of 52 weeks, while 30 stocks closed at their 52-week low.
– Upper circuit has been installed in 232 shares, while lower circuit has been installed in 127 shares.
– The rupee strengthened by 6 paise to close at Rs 82.55 against the dollar this evening.

The Sensex and Nifty are important indices in the Indian stock market. The Sensex was prepared in 1986 for the Mumbai Stock Exchange and consists of 30 BSE companies. The Nifty is the flagship index of the National Stock Exchange and is made up of the top 50 companies of the NSE. The base year of Sensex is 1978-79, while the base year of Nifty is 1995.

If you’re interested in investing in the stock market, you’ll need to open a demat and trading account with a stockbroker. Shares cannot be bought directly from the stock exchange. PAN, Aadhaar, and bank account are required to open a demat and trading account.

Overall, today was a great day for the Indian stock market with significant gains in both Sensex and Nifty.

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