More than 200 stocks touched their 52-week high on the BSE, including Kirloskar Oil, Aegis Logistics, New India Assurance, GNFC, HFCL, Aditya Birla Sun Life AMC, Belrise Industries, AIA Engineering, Aditya Birla Capital, Sona BLW, Syrma SGS, Leela Palaces, Cemindia Projects, RBL Bank, Bharat Forge, among others.
After Friday’s sell-off, Indian benchmark indices staged a strong recovery on June 22, with the Nifty reclaiming momentum and closing above the 24,100 mark, supported by a sharp decline in crude oil prices, driven by optimism around progress in U.S.–Iran peace talks.
Sentiment further strengthened after gains in heavyweight Reliance Industries, after its telecom arm Jio Platforms has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering. However, indices witnessed some profit booking at higher levels amid selling seen in the selected consumer durables, FMCG names.
At close, the Sensex was up 291.17 points or 0.38 percent at 77,094.07, and the Nifty was up 89.80 points or 0.37 percent at 24,102.90.
The broader market also remained firm, with the Nifty Midcap index rising 0.3 percent and the Nifty Smallcap index gaining 0.6 percent.
Among the top gainers on the Nifty were Cipla, Dr Reddy’s Laboratories, Tech Mahindra, Reliance Industries and Sun Pharma. On the other hand, Asian Paints, Titan Company, Nestle India, Trent and Power Grid ended among the major losers.
Sectorally, all indices closed in the green except FMCG and consumer durables. Media, IT, metal, pharma, auto and energy indices advanced 0.5-1 percent, reflecting broad-based participation in the rally.
