ET Markets Podcast - The Economic Times

The top gainers from the Nifty50 index were Shriram Finance, Axis Bank, HDFC Bank, ICICI Bank and Tech Mahindra around this time while the top losers were BPCL, Eicher Motors, Tata Steel, Asian Paints and Power Grid.

In the Sensex pack, M&M, Power Grid, Sun Pharma, and Nestle India were top gainers while IndusInd Bank, Adani Ports, Tata Steel, and Reliance Industries were the top losers

Nifty and Sensex both closed in the green today in a highly volatile market. The markets were led by private banks and metal stocks but a dip in pharma stocks capped gains.

Axis Bank and HDFC Bank led with over 3% gains; ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and SBI also posted gains. Titan, Bharti Airtel, Maruti, L&T, and NTPC were the top laggards.

Nifty Realty surged 1.9%, led by Phoenix Mills and Mahindra Lifespace Developers.

State-run companies and energy stocks also contributed to the rally in hopes of continued capex spending by the new government. Sensex surged 182 points and closed at 76,993. Nifty rose 67 points and closed at 23,466.

U.S. consumer prices were unexpectedly unchanged in May. Core prices grew at their slowest annual pace in over 3 years, which also lifted bets of a Sept rate cut by the Fed.

Coal India, Power Grid, NTPC, and BPCL were among the top gainers on nifty. M&M, HUL and Tata Consumer were the losers. Small-cap and mid-cap indices rose by over 1% each. IT companies, which count the U.S. as a key revenue geography, jumped up to 1.65%.

Sensex and Nifty50, closed flat in a volatile market on Tuesday, ahead of the Fed's policy decision and CPI data on Wednesday.

Rate-Sensitive Sectors Surged: Banking, finance, auto, and real estate stocks rose by up to 8% following the RBI's decision to maintain the interest rate.