Sensex and Nifty 50 both slips as global markets experienced weakness, with S&P500 down 0.3% and Nasdaq down 0.8%. Asian markets saw Hang Seng and Nikkei fall, while European markets saw FTSE100, CAC, and DAX lose 0.5%.
Indian markets closed lower on June 21, following six consecutive gains, due to weak global equities, with the Sensex and Nifty both losing 0.3%.
Sectors and stocks
Sectoral indices saw Nifty FMCG, Nifty Oil & Gas, and Nifty PSU Bank all down 1.3%. Auto, Realty, and Nifty Bank all declined 0.7%. Global markets showed weakness, with S&P500 down 0.3% and Nasdaq declining 0.8%. Asian markets saw losses.
June 24 Forecast
The domestic market saw minor profit booking due to slow monsoon progress, affecting the FMCG sector. Northern India’s heatwave boosts consumer durables stocks. Global markets were subdued due to Accenture’s weak guidance. GST meeting discussions focus on rationalization.
The Nifty’s indecisiveness suggests a volatile monthly expiry, with a decisive move above 23600 potentially bringing the index to 24000, and a failure below 23300 potentially triggering panic.
| FII Sold | -1,790.19 Cr. |
| DII Bought | 1,237.21 Cr. |
Indian Stock Market
| Sensex | -269.03 | -0.35% | 77209.90 |
| Nifty 50 | -65.90 | -0.28% | 23501.10 |
| Nifty Bank | -121.80 | -0.24% | 51661.45 |
Market Movers
| Bharti Airtel | 34.90 2.53% | UltraTechCement | -240.80 -2.21% |
| LTIMindtree | 73.00 1.44% | Adani Enterpris | -70.15 -2.15% |
| Hindalco | 11.00 1.79% | BPCL | -5.53 -1.77% |
| Infosys | 17.30 1.14% | Tata Motors | -16.45 -1.68% |
| Adani Ports | 16.10 1.10% | TATA Cons. Prod | -18.35 -1.66% |
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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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