Sensex and Nifty 50 both ended higher as Sectoral indices showed a 1.9% surge in Nifty Realty, followed by Nifty Consumer Durables and Nifty Bank, while Nifty Healthcare, Nifty Pharma, and Nifty Metal experienced declines
India’s benchmark Sensex and Nifty reached record highs on June 18, supported by PowerGrid Corp and Titan, with Sensex increasing 0.4% and Nifty by 0.39% respectively.
Sectors and stocks
Sectoral indices saw Nifty Realty surge by 1.9%, followed by Nifty Consumer Durables and Nifty Bank. Nifty Healthcare was the biggest loser, while the S&P 500 reached its 30th all-time high, driven by US tech firms. Traders await retail sales data and Federal Reserve speeches.
June 19 Forecast
The benchmark indices reached an all-time high of 23579.05/77366.77, with Nifty and Sensex up 92 points and 308 points respectively. Realty and private bank indices outperformed, rallying over 1%. Technically, the market held positive momentum, with 23500/77000 as the key support level.
The Nifty has remained in a range, with sideways intraday movement. Despite this, it recently moved above 23,500, with support at 23,300. A fall below 23300 could cause selling pressure.
The Nifty closed at 23,560, up 0.40 percent, following a mixed sectoral performance. Sectors saw gains in realty, private banks, and IT, while pharma, metal, and FMCG sectors lagged. The trend is expected to persist, with the Nifty moving towards 24,000.
Key benchmark indices surged due to renewed FII buying interest and moderated domestic inflation, boosting hopes for a rate cut by year end. Investors anticipate rain activity to boost consumption.
| FII Bought | 2,569.40 Cr. |
| DII Bought | 1,555.73 Cr. |
Indian Stock Market
| Sensex | 308.37 | +0.40% | 77,301.14 |
| Nifty 50 | 92.30 | +0.39% | 23,557.90 |
| Nifty Bank | 438.90 | +0.88% | 50,440.90 |
Market Movers
| Shriram Finance | 92.55 3.39% | Maruti Suzuki | -274.10 -2.13% |
| Power Grid Corp | 10.15 3.16% | Dr Reddys Labs | -95.20 -1.56% |
| Wipro | 14.40 3.02% | UltraTechCement | -129.10 -1.15% |
| Titan Company | 59.45 1.68% | Tata Steel | -2.06 -1.12% |
| Adani Enterpris | 49.85 1.53% | Hero Motocorp | -51.30 -0.88% |
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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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