FINAL TRADE: Nifty reclaims 23,550, Sensex gains 141 pts led by financial stocks

Stock market today: Benchmark equity indices gained on Thursday, June 20 amid volatility driven by buying in financial oil & gas stocks. The 30-share BSE Sensex jumped 141.34 points or 0.18 per cent to settle at 77,478.93. NSE Nifty climbed 51 points or 0.22 per cent to settle at 23,567. 

Among the Nifty companies, 28 were advancing while 21 were declining. Hindalco, Grasim, JSW Steel, BPCL, and Adani Ports led the gains in the Nifty 50 universe while Hero MotoCorp, M&M, Sun Pharma, HDFC Life, and NTOC were the top decliners. 

"Despite experiencing significant volatility, the domestic market concluded the day positively. In the near term, market attention is expected to centre around the upcoming Union budget and the progress of the monsoon," Vinod Nair, Head of Research, Geojit Financial Services said.

"On the global front, the decline in US bond yields has facilitated robust FII inflows in recent days. The fertilizer stocks exhibited good momentum, driven by the proposed removal of GST & hike in MSP," he added. 

The domestically focussed Nifty SmallCap100 and Nifty MidCap100 settled 0.61 per cent and 0.95 per cent higher.

The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank, and ICICI Bank finished 0.75 per cent or 385.2 points at 51,783.25.

Global Market

European shares gained on Thursday, boosted by an advance in technology and real estate stocks. Last seen, the pan-European STOXX 600 gained 0.4 per cent.

(With agency inputs)

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