Sensex closed higher as saw significant gains from Reliance Industries, UltraTech Cement, Bharti Airtel, ICICI Bank, and Grasim Industries, while losses were recorded from Apollo Hospitals, Bajaj Auto, M&M, Tata Steel, and Hindalco Industries.
Indian benchmark indices continued their record run for a second consecutive session, with Nifty crossing 23,850 for the first time, and the Sensex and Nfity50 indices hitting new record highs. The Nifty Bank index also hit a fresh record high as it went closer to 53,000.
Sectors and stocks
The market remained flat initially, but regained strength in afternoon trade, reaching record highs due to buying in banks, oil & gas, and FMCG names. Sectors saw gains, while auto, metal, and realty fell. The BSE midcap index closed flat.
BSE stocks reached 52-week highs, including Reliance Industries, Bharti Airtel, ICICI Bank, Axis Bank, Grasim Industries, Shriram Finance, Vodafone Idea, Biocon, LIC Housing Finance, Indian Hotels, Honeywell Automation, Samvardhana Motherson International.
June 26 Forecast
The Index ended the session at 23,868.80, with gains of 147.50 points, driven by Reliance and banking counters. Sectoral performance was top, with Media, Energy, Metal, and Realty underperforming. A profit-booking correction may occur due to weak rally.
The Nifty and Bank Nifty have both seen buying interest and continued their upmove, with the Nifty likely to target levels of 24150 and 23700-23680 from a short-term perspective. The Bank Nifty is also expected to continue its sharp run up until price exhaustion, with 53660 as the immediate hurdle and 52300-51900 as crucial support. A profit-booking correction may be seen due to the weak rally.
| FII Sold | -3,535.43 Cr |
| DII Bought | 5,103.67 Cr |
Indian Market Stocks
| Sensex | 620.73 | +0.80% | 78,674.25 |
| Nifty 50 | 147.50 | +0.62% | 23,868.80 |
| Nifty Bank | 264.50 | +0.50% | 52,870.50 |
Market Movers
| Reliance | 119.75 4.12% | Apollo Hospital | -158.55 -2.52% |
| Bharti Airtel | 44.55 3.15% | M&M | -57.90 -1.99% |
| UltraTechCement | 296.90 2.74% | Bajaj Auto | -185.30 -1.92% |
| ICICI Bank | 20.05 1.67% | Tata Steel | -3.12 -1.78% |
| Grasim | 35.30 1.40% | Hindalco | -10.80 -1.58% |
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Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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