Nifty Realty and Consumer Durables saw the largest increase, both gaining over one percent. Meanwhile, Pharma and Healthcare were the only sectors in the red during the rally.
On Tuesday, the main stock market indices reached new highs, driven by energy stock gains following a reduction in crude oil windfall tax and positive global market trends. Defence stocks also joined the upward trend. The BSE Sensex rose by 334.03 points to reach a record 77,326.80, while the NSE Nifty 50 increased by 108.25 points to hit a new peak of 23,573.85.
In the 30 companies listed on the Sensex, Tech Mahindra, Infosys, Bharti Airtel, Hindustan Unilever, Wipro, Titan, Mahindra & Mahindra saw the most significant gains. On the other hand, Maruti, Kotak Mahindra Bank, HDFC Bank, and ICICI Bank were among the underperformers.
Regarding sectoral indices, Nifty Realty and Consumer Durables experienced the largest increases, each gaining over one percent. In contrast, Pharma and Healthcare were the only sectors in decline during the rally.
Energy stocks increased by 0.5%, driven by a 1.2% rise in ONGC. Starting June 15, the government reduced the windfall tax on crude oil to 3,250 rupees per metric ton from 5,200 rupees. Wipro’s shares surged by 3% following the announcement of an extended digital transformation partnership with Hanesbrands.
Public Sector Enterprises (PSE) went up by 1%, continuing its positive trend after the election results for the ninth consecutive session. Leading PSE gainers include Hindustan Aeron, Bharat Electronics, Power Grid Corporation, IRCTC, and NTPC.
