FIRST TRADE: Sensex rises more than 200 pts, Nifty tops 18,750; Infosys, HDFC Bank top gainers

Stock market today: The domestic benchmark indices witnessed a strong start to trading on June 27 amid across-the-board buying. At the time of writing this news, the S&P BSE Sensex was trading 222 points, or 0.35 per cent higher at 63,191.63 levels while the NSE's Nifty was ruling at 18,757.95, up 67 points, or 0.36 per cent.

"Taking positive cues from SGX Nifty, local markets may log gains in early trades Tuesday amid mixed Asian markets trend. In the past few sessions, any intraday strength is driven by only a few companies across a narrow set of sectors. If Nifty Bulls are unable to seize control then there is a bright chance that there will be an element of panic at Dalal Street. Any upward march could be thwarted in the near term as recession concerns are back, a hawkish surprise from Powell, Russian mutiny, mounting Chinese growth fears, and a delayed monsoon. On the global front, all eyes will be on the Bank Stress Test result to be released by the Federal Reserve on Wednesday, which could reveal the severity of tightening in financial conditions after the US banking crisis," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

BUZZING STOCKS

On the Sensex pack, Mahindra & Mahindra (M&M) was the top gainer - up over 1 per cent, followed by Tata Steel (up 1 per cent) and Asian Paints. On the other hand, Titan Company (down 0.76 per cent) was the top loser. Hindustan Aeronautics (HAL) was trading flat with a positive bias at Rs 3,714.30 on the BSE. Havells India was also trading in the green at Rs 1,295.95 on the BSE. Sapphire Foods India gained 1 per cent to Rs 1,406.45 on the BSE. According to a Zee Business report, 4.76 per cent of equity changed hands in a block deal. 

BROADER MARKET INDICES

In the broader market, the S&P BSE MidCap index traded 0.47 per cent higher at 28,402.50 levels while the S&P BSE SmallCap index was ruling at 32,502.81, up 0.89 per cent. 

SECTOR WATCH

Barring Consumer Durables, all other sectoral indices on the BSE were trading in the green. The S&P BSE Realty index rallied the most - up 1.22 per cent.