The S&P BSE Sensex rallied 564 points to end the day at 34,772 and the Nifty50 closed at 168 points higher at 10,257 on June 19

The S&P BSE Sensex rallied 564 points to close the day at 34,772  and the Nifty50 recovered 100-DMA to close 168 points higher at 10,257 on the 19 June session. The bulls of D-Street remained in control throughout the trading session and pushed benchmark indices above their critical resistance levels.

Reliance Industries Limited helped the markets build on gains by giving positive global cues and a smart rally in the stock, which happened after the Rs 11 lakh crore market capitalization.

Vinod Nair, the Head of Research at Geojit Financial Services said, “Indian markets took no notice of the possible fallout of Sensex India-China tensions and rising number of virus infections to close well above its 100-DMA. The major gains were led by RIL, which alone contributed half of the gains for the Nifty.”

Further, cues from all across the globe also helped the markets to close out a news-heavy week. However, investors are advised to carefully watch Sensex out the sessions as geo-political tensions may increase volatility in the markets.

Sensex

In sector-wise classification, the impact was seen in the energy, oil & gas, realty, and telecom space. while sectors like consumer durable, IT, and metal index stood under the profit-taking sectors.

During the session, the S&P BSE Midcap index rose by 1 percent while the S&P BSE Smallcap index rose by 1.38 percent.

Tata Motors, RIL, Bajaj Finance, and Sensex Bajaj Finserv were among the top Nifty gainers of the session. While HCL Technologies, Vedanta, M&M, and IndusInd Bank were among the top Nifty losers.

ICICI Bank stock increased by 3 percent after the private sector lender sold a 3.96 percent stake in ICICI Lombard General Insurance Company Ltd.

The Nifty formed a bullish graph for the third day in a row. It Sensex closed  above its 100-DMA placed at 10,094 on the daily charts and also above 10,200 levels on June 19.

 

Also read:-Sun Pharmaceuticals stock gained 1 per cent to hit day’s high of Rs 479 apiece on BSE today.