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HomeUncategorizedSensex Retreats by 450 Points, Nifty Falls 100+ Points from Record High

Sensex Retreats by 450 Points, Nifty Falls 100+ Points from Record High

Sensex and Nifty 50 both ended higher on June 12, with the Sensex reaching an all-time high of 77,079. Analysts attribute the increase to investor optimism following the cabinet swearing-in and economic reforms.

Experts have suggested that the new cabinet lineup will continue key economic reforms, boosting market confidence.

Sectors and stocks

Coal India, Power Grid, Eicher Motors, and SBI Life were the biggest gainers on Nifty 50, while M&M, Britannia, HUL, Tata Consumer Products, and Titan were the biggest losers.

June 13 Forecast

The Nifty reached an all-time high at 23,441.95, but settled at 23,322.95. If below 23,200, it may see further correction, while above 23,450, it could reach a new high near 23,600. Market volatility is expected.

Global markets remain positive ahead of US inflation data and FOMC meeting, with stable expectations. Rate cut trajectory is crucial for future direction. Domestic market trades high on growth expectations.

FII Bought426.63 Cr.
DII Bought233.75 Cr.
as per lastest session

Indian Stock Market

Sensex149.980.20%76606.57
Nifty 5058.100.25%23322.95
Nifty Bank189.350.38%49895.10
as per closing Bell

Market Movers

Coal India12.35 2.59%M&M-48.00 -1.69%
Power Grid Corp8.10 2.56%Britannia-78.45 -1.42%
Eicher Motors92.00 1.93%HUL-27.65 -1.08%
SBI Life Insura24.65 1.73%TATA Cons. Prod-10.95 -0.96%
Tech Mahindra21.15 1.57%Titan Company-28.40 -0.83%
as per closing Bell

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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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Record High Record High Record High Record High Record High Record HighrRRecord HighRecord Highecord Highockets

Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

stor Alarm

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