Stock Market Closing: Sensex and Nifty Close Higher
The Indian stock market witnessed a bullish trend on 12 June 2023. The Sensex closed at 62,724.71 points, recording a gain of 99.08 points, while the Nifty closed at 18,601.50 points, up 38.10 points. Let’s take a closer look at the highlights of the day:
Gainers and Losers:
– BPCL, HCL Tech, Infosys, NTPC, and Adani Enterprises were the top gainers of the Nifty, while Power Grid Corporation, Larsen, Cipla, Titan Company, and Maruti Suzuki shares were the top losers.
– 245 stocks closed at their 52-week high, while 42 stocks closed at their 52-week low.
Market Performance:
– A total of 3,862 companies were traded on BSE, with about 2,163 shares closing with gains, 1,566 shares with losses, and 133 shares with no difference in price.
– Upper circuit was installed in 339 shares, while lower circuit was installed in 178 shares.
– The rupee strengthened by 4 paise to close at Rs 82.47 against the dollar.
About Sensex and Nifty:
– The Sensex is an index of the Mumbai Stock Exchange (BSE), consisting of 30 BSE companies. It was prepared in 1986 and is considered an important index not only in India but across the world. The base year of the Sensex is 1978-79.
– Nifty is the flagship index of the National Stock Exchange (NSE), consisting of the top 50 companies of the NSE. The base year of Nifty is 1995.
How to Invest in the Stock Market:
– To invest in the stock market, one needs to open a demat and trading account with a stockbroker. PAN, Aadhaar, and a bank account are required to open a demat and trading account.
The stock market performance on 12 June 2023 is indicative of the bullish trend in the market. Investors are advised to invest wisely and seek the help of experts before investing in the stock market.
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