India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

StockMarket:Nifty settles at 18594 points, Sensex gains 241 points

The Indian stock market indices closed marginally higher on Monday led by power, auto and capital goods. At close, the Sensex was up 240.36 points or 0.38 percent at 62,787.47, and the Nifty was up 59.75 points or 0.32 percent at 18,593.85.
 Stocks and Sectors
Mahindra & Mahindra, Axis Bank, Tata Motors, Larsen & Toubro and Grasim Industries were the biggest gainers on the Nifty while losers included Divis Laboratories, Tech Mahindra, Asian Paints, Nestle India and BPCL.
On the sectoral front, auto and capital goods indices rose 1 percent each, while some selling was seen in the information technology and FMCG names. The BSE midcap index gained 0.3 percent and smallcap index rose 0.5 percent, according to sources.
According to official reports,rupee appreciated last week amid weakness in dollar, softening of crude oil prices and upbeat economic data from country. Furthermore,for Monday, Indian Rupee future maturing on June 27th may appreciate further till 82.25 levels as long as it sustains below 82.50 levels, experts believe.
On 5th June'23,the Indian rupee closed 29 paise lower at 82.68 against US dollar.
 Experts Take:
Market experts have recommended six stocks to buy for Monday-Canara Bank, LT, JSW Steel M&M, Jindal Steel and Axis Bank.
(Writer is a Finance Research Analyst, based in Gandhinagar, Gujarat)

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Sensex rises 109 pts, Nifty at 24,056 on auto, realty gains

    Full Story

  1. Sensex up 791 pts, Nifty above 24k amid softer crude oil prices

    Full Story

  1. Sensex falls 893 pts, Nifty below 23,850 amid global sell-off

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

Digital arrest scam: CBI raids 80 locations, 2 nabbed

The CBI launched Operation Chakra-VI and conducted searches at more than 80 locations across 16 states to crackdown on cybercrime networks.

Read More

Opinion

Greer’s India trip boosts Trump-Modi trade deal momentum

The India-US economic relationship appears to be entering a crucial phase, with both sides moving toward the “final touches” on an interim trade agreement after months of difficult negotiations.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.