Dalal Street scales fresh peak; Nifty50 crosses 24,000, Sensex jumps 550 pts led by financial, IT shares

Share Market News June 27: Domestic equity benchmarks scaled fresh all-time highs amid choppy trade on Thursday - the last trading session of the June derivatives (futures and options) series - amid strong buying interest in financial, energy and IT shares. Both headline indices gained as much as 0.7 per cent, with the Sensex rising as much as 565.8 points to 79,240.1 and the Nifty soaring to as high as 24,036.6, up 167.8 points for the day - both record highs. 

Here are 10 key things to know about the June 27 session: 

• At 12:30 pm, both main gauges held on to much of their intraday gains, with the Sensex trading up 448.2 points, or 0.6 per cent, for the day at 79,122.5 and the Nifty50 quoting at 23,985.2, up 116.4 points, or 0.5 per cent. 
• Wipro, UltraTech, Grasim, Dr Reddy's, JSW Steel, HUL and LTIMindtree - trading between 1.5 per cent and 3.0 per cent higher - rose the most among the 30 gainers in the Nifty50 index.
• On the other hand Maruti Suzuki, Shriram Finance, Larsen & Toubro, Bajaj Auto, Coal India, Hero MotoCorp and Sun Pharma - trading between 0.5 per cent and 1.0 per cent lower - were the top losers in the 50-scrip universe. 
• Reliance, ICICI Bank, Infosys and TCS were the biggest contributors to the upmoves in both indices.

ALSO READ: Nifty 50 scales Mount 24,000; index completes 1,000-point journey in just 23 sessions 

• The Nifty Bank - whose 12 constituents include SBI, HDFC Bank and ICICI Bank - surpassed an existing peak of 52,988.3 to a record high of 53,180.8. Financial services stocks enjoy a weightage of more than 34 per cent in the 50-scrip headline index.
• Dr Reddy's shares rose as much as 2.8 per cent to Rs 6,235.9 apiece after the pharmaceutical company said it had signed a definitive agreement with the UK-based 
  Haleon and its associate companies to acquire consumer healthcare brands in the nicotine replacement therapy category outside the US. 
• Bharti Airtel shares rose as much as 0.6 per cent after the telecom service provider emerged the largest bidder for radiowaves used to transmit mobile phone voice and data signals in a mega spectrum sale that concluded on Wednesday. 

ALSO READ: Should you buy HCLTech, Polycab, Dr Reddy's, Bharti Hexacom, other stocks? Here's what brokerages recommend

• Broader indices were a mixed bag, with the Nifty Midcap 100 trading 0.3 per cent higher but the Nifty Smallcap 100 trading 0.1 per cent lower.
• In the BSE 500 universe - the broadest index on the bourse, Route Mobile, India Cements, Whirlpool, Manappuram and Suven Pharma were the top gainers, up around 6-12 per cent, while GR Infraprojects, Indian Hotels, Equitas SFB and Chambal Fertilisers - down 4-5 per cent - were the worst hit among 270-odd laggards.
• Overall market breadth was slightly skewed to negative territory with an advance-decline ratio of 9:10 as 1,735 stocks rose while 2,022 stocks fell on BSE. 

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