Sensex closed 0.92% higher at 78053.52 points, while Nifty closed 0.78% higher at 23721.30.
India’s benchmark Sensex and Nifty closed at record highs on June 25, driven by gains in banking and IT stocks, following RBI data showing a $5.7 billion current account surplus in Q4 2023-24.
Sectors and stocks
Sectoral indices showed a 1.7% rise in Nifty Bank and Nifty Private Bank, while Nifty IT increased by 0.8%. Banking stocks like Axis Bank, HDFC Bank, and ICICI Bank surged.
June 26 Forecast
The markets rose by over half a percent, signaling a resumption of the uptrend. The Nifty surpassed the 23,600 hurdle, reaching a new record high. The banking sector and IT sector performed well, while realty, metal, and energy sectors ended in the red. Traders should align their positions and avoid a contrarian approach.
The benchmark indices reached all-time highs, with the Nifty and Sensex up by 183 points. Banking and financial indices rallied over 1%, while the Realty index shed nearly 2%. Technically, the market held positive momentum, with a bullish candle and higher bottom formation indicating an uptrend wave.
The domestic market rallied today, driven by private banks and profit booking in sectors like realty, power, metals, and midcaps. Expectations from the upcoming budget and monsoon progress are driving the market.
| FII Bought | 1,175.91 Cr |
| DII Sold | -149.45 Cr |
Indian Market Stocks
| Sensex | 712.44 | +0.92% | 78,053.52 |
| Nifty 50 | 183.45 | +0.78% | 23,721.30 |
| Nifty Bank | 902.05 | +1.74% | 52,606.00 |
Market Movers
| Shriram Finance | 107.60 3.73% | BPCL | -8.95 -2.93% |
| Axis Bank | 43.35 3.53% | Eicher Motors | -95.85 -1.97% |
| ICICI Bank | 27.85 2.38% | Power Grid Corp | -5.55 -1.67% |
| HDFC Bank | 38.95 2.33% | Asian Paints | -37.60 -1.30% |
| HDFC Life | 11.45 1.98% | Tata Steel | -2.28 -1.28% |
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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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