Long term return stock market Indian Stock Market Nifty 50

Indian Stock Market Review: Gains in Realty, Key Updates, and Global Trends

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Indian Stock Market Update: A Detailed Overview

Market Opening and Performance

The Indian stock markets opened on a positive note compared to Friday’s closing. The early hours saw a brief dip around 9:28 AM, marking the day’s lowest point. However, the markets soon rebounded, reaching their peak at 10:05 AM.

Sector Performance

Top Gainers Top Losers

The realty sector emerged as the strongest performer, while mid and small-cap healthcare stocks faced the most significant declines.

Top Gainers in NIFTY 50

  1. Shriram Finance: Rs 2,829.75 ▲ 3.57%
  2. Power Grid Corporation: Rs 331.80 ▲ 3.20%
  3. Wipro: Rs 491.85 ▲ 3.01%
  4. Titan: Rs 3,589.00 ▲ 1.67%
  5. ICICI Bank: Rs 1,122.85 ▲ 1.56%

Top Losers in NIFTY 50

  1. Maruti Suzuki: Rs 12,560.95 ▼ 2.21%
  2. Dr. Reddy’s: Rs 5,991.25 ▼ 1.54%
  3. Tata Steel: Rs 181.12 ▼ 1.11%
  4. UltraTech: Rs 11,119.05 ▼ 1.10%
  5. Hero MotoCorp: Rs 5,754.85 ▼ 0.85%

Most global stock markets, including those in Europe, the US, and Asia, were on an upward trajectory.

News Highlights

  • NSE Launches New Index: The NSE has introduced the Nifty India Tourism Index to track the tourism sector, initially including 17 stocks.
  • ixigo IPO: ixigo’s IPO debuted with a 48.5% premium on the NSE.
  • Amazon Fresh: Amazon India launched its grocery service ‘Amazon Fresh’ in over 130 Indian cities.

Key Stock Updates

  • Lupin: Abdelaziz Toumi has been appointed as the CEO of Lupin Manufacturing Solutions.
  • HUDCO: Raised $200 million from overseas lenders to improve urban infrastructure.
  • RVNL: Secured a Rs 160 crore order from East Coast Railways for developing automatic block signalling systems.
  • Wipro: Partnered with US clothing brand Hanesbrands and financial services company GBST to enhance their digital infrastructure.
  • REC: Set June 28 as the record date for its final dividend for the Jan-March quarter (Rs 5 per share).
  • NBCC: Received a Rs 70 crore order from the Grid Controller of India for interior work in its new corporate office in New Delhi.
  • Infosys: Launched AI-powered marketing software Aster to boost marketing and sales operations.
  • Reliance: Swiggy partnered with toy brand Hamleys (owned by Reliance Retail) to deliver toys through Swiggy Instamart.

Commodity and Currency Update

1 Day Change

  • Gold: Rs 71,210 ▼ 0.74%
  • Silver: Rs 88,440 ▼ 0.34%
  • USD-INR: Rs 83.38/USD ▼ 0.14%

Global Indices

  • Dow Jones: 38,778.10 ▲ 0.49%
  • Nasdaq: 17,857.02 ▲ 0.95%

Long-Term Market Performance

Past 20 Years Annualized Returns

  • Sensex: ▲ 14.94% p.a.
  • Nifty: ▲ 14.80% p.a.
  • Dow Jones: ▲ 6.81% p.a.
  • Nasdaq: ▲ 11.61% p.a.

The market’s performance reflects robust economic activities, with specific sectors showing resilience and growth potential. Keeping an eye on these trends can help investors make informed decisions.

Read More Stock Market Daily Updates

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