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NIFTY50, SENSEX open at fresh record; Reliance Industries hits new all-time high

Upstox
By Upstox News Desk

2 min read | Updated on June 28, 2024, 10:45 IST

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SUMMARY

Benchmark equity indices opened at their all-time high levels on the last trading day of the month, with SENSEX surging to the 79,500 mark, while Nifty soared over the 24,100 mark. Meanwhile, Nifty Pharma was the top gainer, and Nifty Realty was the top loser.

Stock list

RELIANCE
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GRASIM
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SBIN
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DRREDDY
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LTIM
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On Friday, Indian equity benchmark indices began the last trading day of the month on a positive note, with the NIFTY50 and SENSEX surging and making new all-time highs. Similarly, in the broader markets, the Nifty Midcap 100 and Smallcap 100 index opened higher. Additionally, Nifty Pharma emerged as the top gainer, while Nifty Realty was the top loser in the early trading session.

At 9:25 AM: The SENSEX was trading higher by 0.27% above the 79,400 mark, while the NIFTY50 was up by 0.3% trading above the 24,100 level. Furthermore, Bank Nifty also gained moderately by 0.27% and was trading above the 52,900 level. India VIX has slightly declined by 0.41% and is trading near the mark of 14, a marginal decrease in market volatility.
Broader indices - Looking at the broader indices, the Nifty Midcap 100 index was trading higher by 0.43% above the 55,600 level, while the Nifty Smallcap 100 gained by 0.78% trading above the 18,300 level.
Sectoral Performance - Within the sectoral landscape, Nifty Pharma (+1.29%), Nifty PSU Bank (+0.78%) and Nifty Metal (+0.68%) are among the top gainers, while Nifty Realty (-0.36%) and Nifty Auto (-0.21%) were the major sectors that were trading negatively.
Top Gainers and Losers - In the NIFTY50 space, Dr Reddy’s Laboratories (+2.6%), SBI (+2.1%), and NTPC (+1.9%%) are among the top gainers. On the other hand, Grasim Industries (-1.3%), LTIM (-0.8%), M&M (-0.8%) were the major losers.
U.S. Markets - U.S. stock indexes saw modest gains on Thursday, while U.S. Treasury yields dipped slightly following a series of U.S. economic reports indicating slowing momentum.

The U.S. 10-year yield fell by 32 basis points to 4.30, while the 2-year Treasury yield decreased by 18 basis points to 4.72 in early Friday trading.

Commodities - Oil prices increased during early Asian trading on Friday, heading for a third consecutive weekly rise. Concerns over supply disruptions due to escalating geopolitical tensions and weather-related issues outweighed indications of weak demand.

Brent crude futures for August delivery, expiring on Friday, rose by 15 cents, or 0.2%, to $86.54 per barrel. The Brent contract for September also increased by 0.2%, reaching $85.44 per barrel.

Stocks in F&O Ban - No stocks were banned for trading in the F&O segment on June 28, 2024.
Uplearn

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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