Sensex and Nifty50 index both increased by 2% each for the week, while in June 2024, they both saw a 6.5% surge.
Indian equity indices reached record highs on June 28, with Nifty reaching 24,100 and Sensex at 79,600. However, selling at higher levels erased gains, ending in red.
BSE Sensex and Nifty50 index added 2% each, with June 2024 seeing a 6.5% surge, reaching record highs of 79,671.58 and 24,174, respectively.
Sectors and stocks
The Nifty market remained positive in the first half, but fluctuated between gains and losses in the second half, finishing near day’s low. Sectoral indices showed 0.5-1 percent gains, while bank and capital goods indexes shed 0.4 percent.
Around 260 BSE stocks reached their 52-week high, including Tech Mahindra, Reliance Industries, JSW Steel, Bharti Airtel, Divis Lab, Grasim Industries, Indraprastha Gas, Godrej Properties, Oil India, Biocon, PB Fintech, Bombay Burmah.
July 01 Forecast
The Nifty index broke a four-day winning streak, closing above the critical moving average. The index may attract profit booking if Nifty sustains below 24,000. Short-term resistance is at 24,200.
The markets closed unchanged after a surge, with the Nifty settling at 24,009.30 levels. Sectors like energy, pharma, and metal contributed to gains. The benchmark index may consolidate, with support expected around 23,700-23,900. Banking stocks and IT, energy, and FMCG sectors are boosting the index.
| FII Sold | -23.09 Cr |
| DII Bought | 6,658.31 Cr |
Indian Market Stocks
| Sensex | -210.45 | -0.27% | 79,032.73 |
| Nifty 50 | -33.90 | -0.14% | 24,010.60 |
| Nifty Bank | -469.05 | -0.89% | 52,342.25 |
Market Movers
| Dr Reddys Labs | 166.45 2.67% | IndusInd Bank | -38.25 -2.55% |
| ONGC | 6.70 2.50% | Bharti Airtel | -31.75 -2.15% |
| Reliance | 69.70 2.28% | Axis Bank | -23.70 -1.84% |
| SBI Life Insura | 28.50 1.95% | ICICI Bank | -20.30 -1.66% |
| Tata Motors | 17.65 1.82% | Kotak Mahindra | -28.05 -1.53% |
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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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