Top 5 stocks of the day: Britannia Industries, Tata Consumer Products, BPCL, Nestle India, and HDFC Life were the top Nifty gainers, while Cipla, Kotak Mahindra Bank, Bajaj Finance, M&M, and Maruti Suzuki were the top losers. Capital goods, metals, oil and gas, FMCG, power, and real estate all finished in the green, with capital goods, metals, oil and gas, FMCG, power, and real estate each up 1%. The BSE midcap and smallcap indices both increased by 1%.
NIFTY METAL Top Stock Gainers
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Welspun Corp | 281.00 | 4.23 | 2.24m |
| Tata Steel | 111.70 | 2.48 | 39.44m |
| JSW Steel | 727.95 | 2.12 | 3.23m |
| SAIL | 84.85 | 1.98 | 14.46m |
| Hindalco | 422.95 | 1.78 | 6.32m |
| Jindal Steel | 531.80 | 1.67 | 4.07m |
| APL Apollo | 1,181.10 | 1.46 | 616.01k |
| Coal India | 230.95 | 1.38 | 15.91m |
| NALCO | 84.45 | 1.14 | 4.74m |
| Ratnamani Metal | 2,336.75 | 0.67 | 22.75k |
Dollar wobbles as traders consider rate outlook
The dollar wobbled on Wednesday as the Federal Reserve’s chances of raising interest rates next week diminished, while the Canadian dollar achieved one-month highs as traders increased bets on the government raising rates, and the Turkish lira hit record lows.
The Australian dollar reached three-week highs following the Reserve Bank of Australia’s decision to boost interest rates to 11-year highs on Tuesday, and Governor Philip Lowe hinted that further rate hikes are on the way, despite the increased danger of an economic slump. The euro was up 0.1% at $0.6677 after reaching a high of $0.669 overnight, its best since May 16.
Top 5 stocks of the day: Sensex and NSE Nifty50
Benchmark indices finished on a high note on June 7, with the Nifty closing above 18,700 thanks to buying across sectors. The Sensex closed at 63,142.96, up 350.08 points or 0.56%, and the Nifty ended up 127.40 points or 0.68% at 18,726.40. About 2214 shares rose, 1244 fell, and 124 were unchanged.
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