June 07,2023 - Indian Stock Market Movement
Sensex was up 350.08 points or 0.56% at 63,142.96, and the Nifty was up 127.40 points or 0.68% at 18,726.40. About 2214 shares advanced, 1244 shares declined, and 124 shares unchanged.
Biggest gainers on the Nifty were Britannia Industries, Tata Consumer Products, BPCL, Nestle India and HDFC Life, while losers were Cipla, Kotak Mahindra Bank, Bajaj Finance, M&M and Maruti Suzuki.
All the sectoral indices ended in the green with capital goods, metal, oil & gas, FMCG, power, realty up 1 percent each.
The BSE midcap and smallcap indices also added 1 percent each.
Indian rupee ended with a gain of 7 paise at 82.54 per dollar against previous close of 82.61
The dollar wobbled on Wednesday as chances faded for a rate hike next week by the Federal Reserve, while the Canadian dollar touched one-month highs as traders amped up bets for the country to raise rates and the Turkish lira hit record lows.
The Aussie scaled three-week highs after the Reserve Bank of Australia's decision to raise to 11-year highs on Tuesday and Governor Philip Lowe signalled more rate hikes in the pipeline, despite the greater risk of an economic downturn.
The currency was up 0.1% at $0.6677, having touched an overnight peak of $0.669, its highest since May 16.
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