Stock market today: Domestic equity benchmarks Sensex and the Nifty 50—hit fresh record highs on Tuesday, June 25, amid weak global cues even as the mid-and small-cap segments faltered. The Nifty 50 benchmark hit its fresh all-time high of 23,754.15, while the Sensex scaled its fresh peak of 78,164.71 during the session earlier today. Sensex breached the 77,000 mark for the first time on June 10.
Nifty 50 closed 183 points, or 0.78 per cent, higher at 23,721.30, while the Sensex ended with a gain of 712 points, or 0.92 per cent, at 78,053.52. Both indices settled at their fresh closing highs. Due to losses in mid and smallcap indices, the overall market capitalisation of BSE-listed firms rose barely to about ₹435.8 lakh crore from nearly ₹435.6 lakh crore in the previous session.
The biggest reason behind the rise in the benchmark indices on Tuesday was solid gains in the shares of banking heavyweights. The frontline indices posted their best day in more than two weeks. Financials gained two per cent and banks rose 1.7 per cent. The two indexes were the top sectoral percentage gainers.
In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week. The brokerage has selected the quality stocks on technical as well as fundamental parameters. The stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one-year time frame, according to the brokerage.
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Published: 25 Jun 2024, 07:22 PM IST
