11-June-2021 – Sensex, Nifty end at record closing high as IT, metal stocks shine

The benchmark indices closed at all-time highs on the strength of buying in the information technology, metals, and pharmaceutical sectors.

The Sensex closed up 174.29 points, or 0.33 percent, at 52474.76, while the Nifty rose 61.60 points, or 0.39 percent, to 15799.40. Around 1744 shares have increased in value, 1368 shares have decreased in value, and 138 shares have remained steady.

Axis Bank, SBI Life Insurance, IndusInd Bank, L&T, and HDFC Life were among the main gainers, while Axis Bank, SBI Life Insurance, IndusInd Bank, L&T, and HDFC Life were among the significant losers.

IT, metals, and pharmaceutical indexes all increased 1-2 percent, but FMCG and banking stocks dropped down.

The Indian rupee gave up intraday gains and closed near the day’s low of 73.07 per dollar, amid domestic equities market buying, with benchmark indices achieving new highs.

It opened higher at 72.94 per dollar, compared to the previous close of 73.06, and traded within the 72.91-73.09 range.

The Supreme Court (SC) denied a petition from the government requesting a loan moratorium, interest remission, and financial relief.

Petitioners have petitioned the Supreme Court for relief from the second pandemic wave.

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Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

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