Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Infosys, and L&T closed higher, while Bajaj Finance, Axis Bank, HCL Tech, SBI, HDFC and Bajaj Finserv closed lower.

Reliance Industries and Tata Steel were the top gainers, rising over 3% each. Bharti Airtel, Sun Pharma, IndusInd Bank, Kotak Bank, and ICICI Bank also ended higher. On the flip side, HCL Tech, Titan, Power Grid, Wipro, TCS, HUL and Axis Bank closed in the red.

Power Grid, IndusInd Bank, and NTPC were the top Nifty losers while Tata Motors, Titan M&M, SBI and TCS ended with gains.

M&M and Power Grid were the top gainers, rising 4% and 5%. Tata Motors, Reliance, NTPC, Axis Bank, Nestle, Asian Paints, and Wipro also closed with gains. On the other hand, Maruti, HCL Tech, Bajaj Finance, IndusInd Bank, and Tata Steel closed with losses.

Maruti, Tech Mahindra, IndusInd Bank, and HUL were the top gainers, rising 2-3.5%. ITC, ICICI bank, Power Grid, Nestle, and Titan also closed with gains. On the other hand, HDFC Bank, HDFC, Bajaj Finserv, Wipro and Tata Motors closed with cuts.

Bajaj Finance closed over 7% higher after the company's AUM rose 32% to Rs 2.7 lakh crore as of June 2023 in Q1. Bajaj Finserv, Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, TCS, and Kotak Bank also closed higher.

Mazagon Dock Shipbuilders shares closed over 3% higher after the company signed a contract worth Rs 2,725 crores with the Ministry of Defence. While shares of BSE closed 10% higher after its board announced a possible buyback on July 6th.

Inflows from foreign portfolio investors into equities crossed $10 billion in the current financial year and is one of the key driving forces of the current market rally.

The upside breakout by indices made room for traders to cover short positions ahead of the expiry of the June derivative contract, which partly aided the rally in the market. According to analysts, the rollovers to the July series of Nifty 50 have been above the 3-month average and largely on the long side. While in the Nifty 50, the rollovers were higher, they were lower in Nifty Bank.

The market will be closed on June 29 for Eid. Earlier, it was on Wednesday, June 28 but now it has been shifted to 29th.