Stock Price Today: The Indian stock market saw a robust surge on June 03, 2024, with significant gains across major indices. The Sensex closed at 76,147.17 points, marking a substantial increase of 2,185.86 points or 2.96%. Similarly, the Nifty 50 index rose to 23,186.30 points, up by 655.60 points or 2.91%. The Nifty Bank index outperformed other indices with an impressive rise of 1,716.60 points, closing at 50,700.55 points, reflecting a 3.50% gain.
The day was characterized by positive sentiment driven by strong performances in various sectors, with notable gains in specific stocks and sectors. The overall market movement was influenced by several factors, including corporate earnings, sectoral growth, and macroeconomic trends.
Biggest Gainer: Adani Ports led the gainers with a significant jump of 10.38%, closing at ₹1,586.65.
Biggest Loser: Eicher Motors was the biggest loser of the day, although it saw a relatively minor decline of 1.17%, closing at ₹4,678.00.
Best Performing Sector: The Nifty PSU Bank sector was the best performer, increasing by 6.79% to close at 7,887.60 points. This surge was driven by strong performances from public sector banks like Bank of Baroda and SBI.
Worst Performing Sector: Despite the overall market uptrend, the Nifty Pharma sector showed the least gain, with a modest increase of 0.47% to close at 18,885.00 points.
Adani Power | Power - Generation & Distribution
Current price: ₹869.70
Price Surge: ₹113.90 (15.07%)
Power Finance | Finance - Term Lending Institutions
Current Price: ₹548.00
Price Surge: ₹55.55 (11.28%)
REC | Finance - Term Lending Institutions
₹595.95
₹58.20 (10.82%)
Adani Ports | Infrastructure - General
₹1,586.10
₹148.70 (10.35%)
Power Grid Corp | Power - Generation & Distribution
₹341.70
₹31.70 (10.23%)
Bank of Baroda | Banks - Public Sector
₹288.90
₹24.00 (9.06%)
Adani Energy | Power - Transmission & Equipment
₹1,218.75
₹95.95 (8.55%)
NTPC | Power - Generation & Distribution
₹387.00
₹28.00 (7.8%)
SBI | Banks - Public Sector
₹894.10
₹63.75 (7.68)
GAIL | Oil Drilling And Exploration
₹219.75
₹15.45 (7.56%)
Adani Total Gas | Gas Distribution
₹1,117.45
₹78.15 (7.52%)
Shriram Finance | Finance - Leasing & Hire Purchase
₹2,517.40
₹163.35 (6.94%)
BPCL | Refineries
₹671.30
₹43.50 (6.93%)
Adani Enterpris | Trading
₹3,643.75
₹232.40 (6.81%)
IOC | Refineries
₹173.00
₹10.60 (6.53%)
Bharat Elec | Aerospace & Defence
₹314.35
₹18.40 (6.22%)
Hindustan Aeron | Aerospace & Defence
₹5,278.95
₹305.10 (6.13%)
Canara Bank | Banks - Public Sector
₹125.10
₹7.10 (6.02%)
₹3,885.65
₹216.35 (5.9%)
IRFC | Finance - NBFC
₹188.05
₹10.25 (5.76%)
Eicher Motors (₹4,678.00, -1.17%)
Eicher Motors was the biggest loser, with a decline of 1.17%. The dip was primarily due to profit booking after a recent rally and concerns over rising input costs.
Nifty PSU Bank (Best Performing Sector)
The Nifty PSU Bank index was the standout performer, rising by 6.79%. The rally in PSU banks was driven by strong earnings, improved asset quality, and positive macroeconomic indicators.
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