The domestic stock market opened up on the first trading day of the week i.e. Monday amidst Israel and Iran’s military conflicts and global signals. On June 16, the Bombay Stock Exchange (BSE) benchmark Sensex gained 58.20 points at 9.15 am trading at the level of 81,176.80 with a gain of 58.20 points. Similarly, the National Stock Exchange’s index Nifty was also trading at the level of 24,741.90 points with a gain of 23.30 points.
Which top shares were reversed
The shares of Cipla, L&T, Sriram Finance, Bajaj Finance and Asian Paints on the Nifty saw the highest rise, while Dr. Reddy’s Labs, Kotak Mahindra Bank, Jio Financial and Axis Bank shares declined. In the early stages of the session, all other sectoral index except PSU Bank are in green mark. BSE midcap and smallcap index are doing flat business.
The main companies involved in the BSE performance during the initial session on Monday.
On June 16, Hudco, Manappuram Finance, Aditya Birla Fashion & Retail, Birlasoft, Central Depository Services, Chambal Fertilizers and Chemicals, Indian Energy Exchange, Indian Renewable Energy Development Agency (IREDA), RBL Bank and Cittoric Rail Systems will be seen.
What is the stand in Asia-Pacific Markets
The Asia-Pacific markets saw most of the rapid trend on Monday, as investors assessed the growing Israel-Iran tension and analyzed the data obtained from China. The attacks between the two countries led to a jump in oil prices, while the fall in equity markets globally took shelter in the safe metal, which led to the rise in gold prices. According to CNBC news, investors kept a close watch on the Chinese markets, as the Asian superpower released several data points including their retail sales and industrial production data for May.
Retail sales in China increased by 6.4% in May in May, while industrial production slowed at 5.8% year -on -year. China’s CSI 300 index remained stable, while Hong Kong’s Hang Seng index fell 0.18%. Japan’s benchmark Nikkei 225 rose 0.95%, while the broad topics index rose 0.56%. In South Korea, the Kospi index increased by 0.72%, while the small-cap cosedacks increased by 0.55% in fluctuating trading. In Australia, S&P/ASX 200 remained stable.
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