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Nifty Ends Above 15800 Led By Buying In PSB, IT And FMCG Pack

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Domestic equity after opening lower in today's session (June 14, 2021) recovered its losses towards the noon trade led by gains in the heavyweight stocks. Reliance, Infosys, Bajaj Finance, Tata Motors and Larsen and Toubro pulled the Nifty index higher in trade today. Nifty Bank and broader markets underperformed in today's session.

 

Nifty Ends Above 15800 Led By Buying In PSB, IT And FMCG Pack

At the close, Sensex ended higher by 77 points or 0.15% at 52551, while Nifty settled at 15812.

Meanwhile, there was a sea of red on the Nifty sectoral indices barring Nifty PSU Bank, Nifty FMCG and Nifty IT.

Adani Group stocks, nosedived in trade today, dropping up to 20% in share price after reports pointed to NSDL freezing 3 Mauritius-based FPI accounts holding Adani Group stocks in bulk.

BHEL shares also cracked by a huge 19% after the company reported weak set of numbers for Q4FY21 and analyst recommendations for the counter. Analysts hold a view that "a sharp rerating of the stock that doubled in the last six months is unwarranted".

Coal India shares also traded weak by over 2% ahead of its Q4FY21 results due to be announced today. In intra-day trade, the stock hit close to its 52-week high price of Rs. 165 per share on the NSE.

European markets at the time of writing this copy traded positively with FTSE up by over 0.3 percent.

GoodReturns.in

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