🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Sensex trades flat after opening at all-time high

Published 10-06-2024, 03:42 pm
© Reuters.  Sensex trades flat after opening at all-time high
NSEI
-
AXBK
-
BRTI
-
HCLT
-
INFY
-
NTPC
-
PGRD
-
RELI
-
SBI
-
TAMO
-
TEML
-
TITN
-
ULTC
-
WIPR
-
NEST
-
BSESN
-

Mumbai, June 10 (IANS) Indian equity indices opened at an all-time high on Monday.

In early trade, Sensex and Nifty made a new all-time high of 77,079 and 23,411 respectively.

At 9:45 am, Sensex was at 76,703, up 9 points and Nifty was at 23,293, up 4 points.

Broader markets are in an uptrend. The Nifty midcap 100 was up 230 points or 44 per cent, at 53,425 and the Nifty smallcap was up 133 points or 0.78 per cent, at 17,349.

India volatility index (India VIX) is at 17.09, up nearly one per cent.

Among the sector indices, PSU Bank, fin service, realty, energy, and pharma are major gainers. Pvt bank, metal and IT are major laggards.

In Sensex pack, Powergrid, Ultratech Cement (NS:ULTC), Axis Bank (NS:AXBK), NTPC (NS:NTPC), Nestle (NS:NEST), Reliance (NS:RELI), SBI (NS:SBI), Bharti Airtel (NS:BRTI), and Tata Motors (NS:TAMO) are major gainers and Tech Mahindra (NS:TEML), Wipro (NS:WIPR), Infosys (NS:INFY), HCL Tech (NS:HCLT) and Titan (NS:TITN) are top losers.

“It is important to understand that the major driving force in this bull market is the Indian retail investors including HNIs. Big selling by FIIs is getting eclipsed by the aggressive buying of DIIs and retail investors,” experts said.

They added that the fact that retail investors bought equity for Rs 21,179 crores on June 4th, the day Nifty tanked 5.9 per cent, indicates the buying power and optimism of the retail investors.

Mixed trading is taking place in Asian markets. Tokyo and Shanghai are in the green, while the markets of Seoul, Bangkok, Hong Kong, and Jakarta are trading in the red. American markets closed in the red on Friday. Crude oil benchmark Brent crude is at $79 and Brent crude at $75.

--IANS

avs/dan

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.