Stock Market Updates: Sensex Up 100 pts; Nifty Above 18,800; Shriram Finance Rallies 10% - News18
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Last Updated: June 21, 2023, 09:36 IST
Market Today: Domestic markets began on a positive note on Wednesday morning. S&P BSE Sensex was 175 points higher to quote at 63,503 levels in early deals on Wednesday. The Nifty50 was at 18,854 levels, rising 38 points.
HDFC Life, Hero MotoCorp, Ultratech Cement, Wipro, TCS, Bajaj Auto, M&M, DR Reddy’s Labs, and HDFC Bank were the top large-cap winners on the bourses as they advanced up to 1.7 per cent.
Meanwhile, the broader market party extended its winning ways with the S&P BSE MidCap and SmallCap indices rising 0.97 per cent and 0.7 per cent, respectively.
Individually, shares of Shriram Finance were locked in the 10 per cent upper circuit after over 8 per cent equity changed hands in early deals via block deals.
Those of Piramal Enterprises were also locked in the 10 per cent upper circuit which is the likely seller of its entire stake in Shriram Finance.
Global Cues
Tokyo stocks opened lower on Wednesday after the talk that markets are overbought led to falls on Wall Street, with investors shifting focus to speeches by Federal Reserve officials. The benchmark Nikkei 225 index was down 0.39 per cent, or 130.27 points, at 33,258.64 in early trade, while the broader Topix index slipped 0.34 per cent, or 7.82 points, to 2,276.03.
US stocks softened on Tuesday, closing in negative territory as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand.
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