The Indian stock market commenced the week on a high note today June 18th after a long weekend with the benchmark Sensex crossing the 77,300 mark and the Nifty 50 index hitting a new peak of 23,579.05. This upward trajectory continued the bullish momentum witnessed in the previous trading week as markets reopened after a holiday on Monday.
The Nifty 50 index surged by 0.39% or 92.30 points to 23,557.90 while the Sensex gained 0.40% or 308.37 points to 77,301.14. Both indices recorded new all-time highs extending their gains from the previous week's rally.
Nifty 50 Index: TradingView
Shriram Finance Corporation Limited (SHRIRAMFIN) emerged as the top gainer rising 3.22% to an LTP of Rs. 2,820. The stock opened at Rs. 2,748.95 hitting a high of Rs. 2,841.15 and a low of Rs. 2,732.35 during the day's trade
Source: NSEIndia
Power Grid Corporation of India Limited (POWERGRID) witnessed a 3.13% increase closing at Rs. 331.55. The stock opened at Rs. 322 reaching a high of Rs. 332.50 and a low of Rs. 322 before the market close.
Wipro Limited (WIPRO) gained 2.94% with its LTP at Rs. 491.55. The stock opened at Rs. 481 touching a high of Rs. 493 and a low of Rs. 480.05 during the trading session.
ICICI Bank Limited (ICICIBANK) saw a 1.82% rise closing at Rs. 1,125.75. The stock opened at Rs 1,113.95 hitting a high of Rs 1,135.05 and a low of Rs. 1,101.20 throughout the day.
Titan Company Limited (TITAN) climbed 1.58% with its LTP at Rs. 3,586. The stock opened at Rs. 3,554.80 reaching a high of Rs. 3,625 and a low of Rs. 3,538 during the trading session.
Adani Enterprises Limited (ADANIENT) gained 1.51% closing at Rs. 3,310. The stock opened at Rs. 3,310 hitting a high of Rs. 3,345 and a low of Rs. 3,287.20 for the day.
Tata Consultancy Services Limited (TATACONSSUM) rose 1.21% with its LTP at Rs. 1,125.95. The stock opened at Rs. 1,112.45 touching a high of Rs. 1,128.30 and a low of Rs. 1,112.45 during the trading session.
Larsen & Toubro Limited (LTM) increased by 1.12% closing at Rs. 5,089. The stock opened at Rs. 5,056 reaching a high of Rs. 5,132 and a low of Rs. 5,046.05 for the day.
M&M Limited (M&M) gained 1.01% with its LTP at Rs. 2,958.15. The stock opened at Rs. 2,965 hitting a high of Rs. 3,013.50 and a low of Rs. 2,956.65 during the trading session.
Adani Ports and Special Economic Zone Limited (ADANICORTS) witnessed a 0.93% increase closing at Rs. 1,444. The stock opened at Rs. 1,447 reaching a high of Rs. 1,458.60 and a low of Rs. 1,434.05 for the day.
The strong performance of these stocks contributed to the broader market uptrend as investors remained optimistic about the Indian economy's growth prospects.