MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels
Published On: Monday, June 5, 2023 | By: Team KnowMyStock
Opening Bell: Indian markets opened higher in today's (5 June 2023) trade, following a strong global handover. Frontline indices the S&P BSE Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels. The strength spilled to broader markets too, with Nifty Midcap and Nifty Smallcap indices gaining up to 0.5 percent.
Sectorwise, the Nifty Media index gained the most, over 1 per cent, led by 2 per cent gains in PVR-Inox. On the flipside, Nifty Healthcare index slipped marginally in red.
Among individual stocks, shares of Tata Motors gained 1 per cent to hit over six-year high of Rs 542.2 after Tata group signed an outline deal with the Gujarat government to build a lithium-ion cell factory.
Besides, shares of Indo Rama Synthetics skyrocketed 10 per cent after the company's wholly-owned subsidiary started commercial production of Bottle grade PET resins from its new plant in Maharashtra.
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