Sensex, Nifty 50 end with modest gains— 10 key highlights from Indian stock market today

Indian stock market benchmarks, the Sensex and the Nifty 50, ended with modest gains on Wednesday, June 11, amid largely positive global cues. The Sensex closed 123 points, or 0.15 per cent, higher at 82,515.14, while the Nifty 50 settled with a gain of 37 points, or 0.15 per cent, at 25,141.40.

Mid and small-cap segments ended mixed. The BSE Midcap slipped 0.12 per cent, while the BSE Smallcap index rose 0.06 per cent.

Indian stock market: 10 key highlights from the day

1. Why did the Indian stock market end in a lacklustre manner today?

The Indian stock market ended lacklustre on profit booking amid stretched valuations. Infosys was the top contributor to the gain in the Sensex index, while HDFC Bank was the top drag on the index.

"Profit booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favouring companies with stable earnings outlooks," said Vinod Nair, Head of Research, Geojit Investments Limited.

"Following the recent rally, the market lacks clear direction as investors await key macroeconomic data and updates on trade negotiations. US inflation data, due later today, is expected to show a slight uptick, driven by recent tariff increases," said Nair.

2. Top gainers in the Nifty 50 index today

28 stocks ended higher in the Nifty 50 index, while 22 ended lower.

Shares of HCL Technologies (up 3.19 per cent), Infosys (up 2.01 per cent) and Tech Mahindra (up 1.68 per cent) ended as the top gainers.

3. Top losers in the Nifty pack

Shares of Shriram Finance (down 2.26 per cent), Power Grid Corporation of India (down 1.98 per cent) and Bharat Electronics (BEL) (down 1.30 per cent) closed as the top losers in the index.

4. Sectoral indices today

Nifty Oil & Gas (up 1.47 per cent) and IT (up 1.26 per cent) ended with healthy gains. On the other hand, Nifty PSU Bank (down 0.88 per cent) and FMCG (down 0.67 per cent) ended with significant losses. Nifty Bank slipped 0.30 per cent.

5. Most active stocks in terms of volume

RattanIndia Power (57.6 crore shares), Vodafone Idea (57.14 crore shares), and GTL Infrastructure (49.11 crore shares) were the most active stocks in terms of volume on the NSE.

6. Eight stocks jump over 15% on NSE

Karma Energy, Energy Development Company, GTL, GTL Infrastructure, Antarctica, Bodhi Tree Multimedia, Wockhardt and Dhani Services were the eight stocks that rose over 15 per cent on the NSE.

7. Over 100 stocks hit upper circuits, nearly 50 hit lower circuits

As many as 131 stocks, including GTL Infrastructure, Suven Life Sciences, Aartech Solonics, Nitco and Valiant Organics, hit their upper circuits in intraday trade on the NSE.

On the flip side, Zen Technologies, RNFI Services, Kanpur Plastipack, Rockingdeals Circular Economy and Gayatri Rubbers And Chemicals, were among the 37 stocks that hit their lower circuits.

8. Advance-decline ratio

As many as 1,608 stocks advanced, while 1,304 declined and 83 remained unchanged on the NSE.

9. Over 100 stocks hit their 52-week highs

Some 122 stocks, including Divis Laboratories, Gillette India, Laurus Labs, Deepak Fertilisers & Petrochemicals Corporation and Dalmia Bharat, hit their 52-week highs in intraday trade on the BSE.

On the other hand, Naksh Precious Metals, Eraaya Lifespaces and Hindusthan Urban Infrastructure were among the 36 stocks that hit their 52-week lows.

10. Technical outlook of Nifty 50

According to Shrikant Chouhan, the head of equity research at Kotak Securities, on daily charts, the Nifty 50 formed a small Doji candlestick pattern, indicating indecisiveness between the bulls and bears.

"We believe that as long as the market trades within the 25,000 to 25,200 range, this rangebound behaviour is likely to continue. A successful breakout above 25,200 could push the market up to the 25,350–25,400 levels. On the other hand, below 25,000, selling pressure is likely to accelerate. If the market falls below this level, it could slip to the 24,850–24,775 range," said Chouhan.

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