Sensex hits record high of 63,588.31 in early trade
The Hindu
Here are the stock markets updates from BSE and NSE on June 21, 2023
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
The 30-share BSE Sensex climbed 146 points to 63,473.70 in early trade. The NSE Nifty advanced 37 points to 18,853.70.
Later, the BSE benchmark jumped 260.61 points to reach its all-time peak of 63,588.31. The benchmark BSE reached the milestone after a gap of nearly seven months.
On December 1 last year, the Sensex hit its intra-day record peak of 63,583.07.
From the Sensex pack, Power Grid, UltraTech Cement, HDFC Bank, Wipro, HDFC, Hindustan Unilever, Larsen & Toubro, Tech Mahindra, Bajaj Finserv, Titan, Tata Consultancy Services, and Reliance Industries were the major gainers.
Tata Steel, NTPC, Tata Motors, ICICI Bank, and Asian Paints were among the laggards.
In Asian markets, Tokyo quoted in the green, while Seoul, Shanghai, and Hong Kong were trading lower.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.