Sensex closed higher and Nifty Bank index also hit a fresh record high of 53,180.75.
Indian benchmark indices, including the Nifty, rose for the third consecutive session, with the Sensex and Nifty reaching new record highs. The Sensex and Nfity50 indices also reached new highs.
Sectors and stocks
The market experienced a strong start, with top gainers like UltraTech Cement and Grasim Industries gaining, while losers included Shriram Finance, L&T, Eicher Motors, Bajaj Auto, and Divis Lab. IT and Power indices rose 1.7% each, while PSU Bank index fell 1.1%. BSE midcap index ended flat, while smallcap index shed 0.5%.
June 28 Forecast
The Nifty opened flat but gained momentum, closing with 176 points. The IT Index contributed to the rally, helping it reach 24000. The immediate hurdle is 24150 – 24200. Market breadth has deteriorated, so caution is advised. Bank Nifty faced resistance around 53200, closing red after rallying 2000 points in four sessions. A negative crossover suggests consolidation, with a potential dip towards 52200.
Indian equities began the month’s expiry day strong, with banking counters increasing. However, the mid and smallcap segments fell, dragging the Index lower. IT counters helped the Index surpass the psychological barrier of 24,000. Energy segment outperformed, while Media and PSU Banks lag. Nifty50 formed a strong bullish candle.
| FII Bought | 7,658.77 Cr |
| DII Sold | -3,605.93 Cr |
Indian Market Stocks
| Sensex | 568.93 | +0.72% | 79,243.18 |
| Nifty 50 | 175.70 | +0.74% | 24,044.50 |
| Nifty Bank | -59.20 | -0.11% | 52,811.30 |
Market Movers
| UltraTechCement | 573.60 5.15% | Shriram Finance | -38.00 -1.27% |
| LTIMindtree | 199.55 3.85% | Larsen | -38.55 -1.07% |
| Grasim | 85.35 3.34% | Bajaj Auto | -57.20 -0.60% |
| NTPC | 12.10 3.31% | Eicher Motors | -25.90 -0.55% |
| Wipro | 15.60 3.15% | Divis Labs | -23.00 -0.51% |
Must read book about investing – check here
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.
Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert
Record High Record High Record High Record High Record High Record HighrRRecord HighRecord Highecord Highockets
Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts
stor Alarm