Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh

CLOSING BELL on June 19, 2023: The BSE Sensex whipsawed 527 points intra-day today

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STOCK MARKET HIGHLIGHTS: The benchmark indices missed touching record high levels by a whisker on Monday as investors booked profit at higher level. The S&P BSE Sensex hit a high of 63,574.69 during the day which was just 8 points away from record high of 63,583. It, eventually, closed at 63,168, down 216 points or 0.34 per cent.

The NSE Nifty, meanwhile, hit an intra-day high of 18,881.45, barely 6 points shy off record high of 18,887.6. It ended at 18,755, down 71 points or 0.37 per cent.

Kotak Bank, Axis Bank, NTPC, Adani Enterprises, Adani Ports, ICICI Bank, IndusInd Bank, Reliance Industries, and Bharti Airtel were the top laggards on the bourses, down between 1 per cent and 4 per cent.

In the broader markets, the BSE MidCap index dipped 0.08 per cent, while the BSE SmallCap index added 0.24 per cent.

Among sectors, the Nifty Private Bank index fell about 1 per cent. On the contrary, the Nifty PSU Bank index gained 1 per cent.

4:11 PM

COMMENT:: Global markets took a breather ahead of China rate decision, Fed testimony

"Indian equities shied away from closing at all-time high levels amid profit booking, primarily driven by private banks. Global markets also took a breather after a strong rally last week as investors looked forward to China's rate decision and the Fed chair's testimony. The Indian rupee has been exhibiting strength recently, supported by strong FII inflows and favourable domestic macroeconomic data."

- Vinod Nair, Head of Research at Geojit Financial Services

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Nykaa Investor Day 2023: How analysts view the e-retailer's growth plans

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4:07 PM

TPG sells stake in Shriram Finance for Rs 1,400 cr; stock ends 5% higher

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4:05 PM

Ashok Leyland hits record high in subdued market; rallies 8% in two days

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4:04 PM

Bank of Baroda nears 52-week high; regains Rs 1 trillion m-cap

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4:01 PM

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3:59 PM

Titagarh Rail hits new high on positive outlook; stock up 379% in a year

Titagarh Rail Systems, formerly Titagarh Wagons, India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems. READ MORE

3:57 PM

Skipper hits 52-week high on winning orders worth Rs 1,135 crore

As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders. READ MORE