Business Economy


Stock markets extend winning streak for fourth consecutive session; Nifty near 24,100

New Delhi, June 17 (UNI) Indian stock markets on Wednesday extended their winning streak for a fourth consecutive session with Nifty nears 24,100.
At close, the Sensex was up 347.14 points or 0.45 per cent at 77,155.62, and the Nifty was up 96.55 points or 0.40 per cent at 24,085.70.
The market capitalisation spiked by Rs 2.92 lakh crore to Rs 475.17 lakh crore from earlier Rs 472.24 lakh crore.
Among the sectoral performance, Consumer Durables was top gainer with 2.11% while Metals and PSU Bank added 1.01% and 1.75%.
Further, IT and banks also gains. On the other hand, Realty and Auto were the top laggards.
On Nifty, the top gainers were Trent, Bharat Electronics (BEL), Hindalco Industries, Eternal and Tata Steel while the losers were Tata Motors Passenger Vehicles, Cipla, Bajaj Finserv, ONGC and Axis Bank.
Nearly 96 stocks rose to their 52-week highs while 31 stocks fell to 52-week lows. Those on highs were Aeroflex Industries, Belrise, Data Patterns, IFCI, YES Bank, Netweb Technologies and Polycab while at lows were Bayer Crop Science, Vedanta Power and Parsvnath Developers.
Indian Rupee settled at 94.53 per dollar, compared with the previous close of 94.56.
Shares of defence stocks witnessed strong buying interest after the government announced that India’s annual defence production has reached an all-time high of Rs 1.78 lakh crore in the Financial Year (FY) 2025-26.
The defence stocks in focus were Paras Defence, Space Technologies rallying over 18%. Data Patterns soared 6.6%, Bharat Dynamics and Garden Reach Shipbuilders & Engineers gained around 6% each.
UNI VK ARN
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