Journalism of Courage
Domestic equities soared higher for the second consecutive on Tuesday tracking a rally in US equities and a fall in retail inflation in May. S&P BSE benchmark Sensex climbed 418.45 points, or 0.67 per cent to close at 63,143.16, while broader NSE Nifty50 jumped 118.80 points, or 0.64 per cent to end the day at 18,720.30.
The realty index soared 3.01 per cent, led by gains in DLF, which hit a multi-year high of Rs 504.30. Nifty Media jumped 1.78 per cent, followed by Nifty Consumer Durables which jumped 1.44 per cent, Nifty FMCG rose 1.38 per cent, and the Nifty Healthcare index gained 1.08 per cent.
Broader markets also extended the rally, as Nifty Midcap Select gained 1.35 per cent, Nifty Midcap 50 rose 1.24 per cent, Nifty Midcap 100 jumped 1.22 per cent, and Nifty Midsmallcap 400 climbed 1.02 per cent.
Tata Consumer, Cipla, ITC, Titan, Asian Paints, Tata Steel, Divis Lab, Reliance Industries, Bajaj Finserv, Axis Bank, and JSW Steel were the top gainers in today’s session.
On the other hand, Kotak Mahindra Bank, Adani Enterprises, Adani Ports, HCLTech, Mahindra & Mahindra, Bajaj Auto, SBI, Maruti Suzuki, and Tata Motors were the top losers.
Zee Entertainment plunged as much as 7 per cent in the intraday session today after Sebi barred Subhash Chandra and Punit Goenka from holding directorial positions. The shares of the media company ened 0.44 per cent lower after heavy buying.
On the other hand, in a first for Dalal Street, MRF became the first stock in India to cross the Rs 1 lakh mark per share today. The shares ended 1.02 per cent higher at Rs 99,950.65 on BSE.
