Market Podcast: Sensex, Nifty log gains on higher banking stocks : Bulletin: Business Today
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Market Podcast: Sensex, Nifty log gains on higher banking stocks

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June 7, 2018

The Sensex and Nifty logged their highest close in more than three weeks led by surging banking stocks amid higher Asian and European indices.

While the Sensex rose 284 points or 0.81% higher at 35,463, the Nifty closed 83.70 points or 0.78% higher at 10,768. Tata Steel, Tata Motors and ICICI Bank were the top Sensex gainers.

Coal India, IndusInd Bank and Kotak Mahindra Bank were the top Sensex losers.

Midcap and small cap indexes which saw a rout during the last five months rose 1.40% and 1.96%, respectively.

Banking stocks took the market higher with the BSE bankex rising 203 points or 0.69% to 29,663. 

The index was the top gainer among 19 sectoral indices. Bank Nifty too rose 0.57% or 150 points to 26,517 level.

Capital goods and  auto index were also among the top gainers on the BSE.

Market breadth was positive with 1961 stocks closing higher against 747 ending in the red on the BSE.
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