Sensex and Nifty 50 both ended higher as Top Nifty gainers include Grasim Industries, Hindalco Industries, JSW Steel, Adani Ports, and BPCL, while losers include Hero MotoCorp, Sun Pharma, M&M, NTPC, and Wipro.
The Indian equity market closed positively on June 20, with the Nifty above 23,550, boosted by metal, oil & gas, and realty stocks. Top Nifty gainers included Grasim Industries, Hindalco Industries, JSW Steel, Adani Ports, and BPCL.
Sectors and stocks
Auto, pharma, and PSU Banks stocks experienced selling, while metal, capital goods, realty, and oil & gas sectors saw buying. BSE midcap index rose 0.5% and smallcap index added 1%.
The Indian rupee closed at a record low of 83.64 per dollar, while over 200 stocks reached their 52-week high on the BSE.
June 21 Forecast
The Nifty50 Index ended the week at 23,567, with 51 points gained, with Metal, Realty, Auto, Pharma, Chemical, Fertilizer, Mid, and Smallcaps outperforming.
The Nifty experienced minor weakness on Wednesday but shifted into an upside bounce with range bound action on Thursday, closing the day higher by 51 points. A small negative candle was formed, indicating a doji type candle pattern. The near-term uptrend with range bound action continued, with potential for minor intraday weakness near 23750-23800 levels.
| FII Bought | 415.30 Cr. |
| DII Sold | -325.81 Cr. |
Indian Stock Market
| Sensex | 105.95 | +0.14% | 77443.54 |
| Nifty 50 | 41.45 | +0.18% | 23557.45 |
| Nifty Bank | 376.20 | +0.73% | 51774.25 |
Market Movers
| Hindalco | 15.10 2.28% | Hero Motocorp | -145.25 -2.57% |
| Grasim | 52.80 2.16% | M&M | -63.90 -2.18% |
| BPCL | 11.00 1.79% | Sun Pharma | -28.35 -1.88% |
| Adani Ports | 24.00 1.66% | NTPC | -4.70 -1.30% |
| JSW Steel | 14.80 1.62% | Wipro | -4.85 -0.98% |
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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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