Stock Market traded broadly in green

The Indian equity market traded Tuesday's session broadly in green,despite a lacklustre trend in Asian and European indices. At close,the Sensex was up was up 446.03 points or 0.71 percent at 63,416.03, and the Nifty was up 126.20 points or 0.68 percent at 18,817.40. The biggest driver of the market’s upward move was financial services stocks. The Nifty Financial Services index also hit its all-time high level. Banking and realty names were also in demand. Though some selling was seen in the FMCG sector, according to sources.

HDFC Life Insurance gained the most at 5.5 percent on Nifty.Apollo Hospitals, SBI, JSW Steel and SBI Life Insurance were among other top gainers. Cipla was the top loser, down over 1 percent. Britannia, Tata Consumer, and Adani Ports were among other losers.

On the sectoral front,Nifty Financial Services added 1.37 percent. Nifty Realty, Nifty Bank and Nifty PSU Bank were others that rose more than one percent. Nifty FMCG dipped 0.07 percent and Nifty Oil & Gas fell 0.01 percent, according to sources.

BSE midcap and smallcap indices were up 0.5 percent each.

On 27th June'23,the Indian rupee appreciates 8 paise to close at 81.96 against the US dollar.

The National Stock Exchange of India (NSE) and the BSE will remain shut on June 29(Thursday) on account of Bakrid.

Market experts have recommended six stocks to buy for Tuesday-Ashok Leyland, Divi's Lab, Cipla, Tata Consumer, Cummins India and DLF.