Sensex and Nifty 50 both ended higher as BSE Capital goods saw a 1.7% increase, followed by BSE Telecommunication, Consumer durables, and consumer discretionary, while the BSE IT index fell 0.7%.
Indian markets reached a record high on June 14, with the benchmark Sensex and Nifty both closing higher for the fourth consecutive session. Sectoral indices saw BSE Capital goods gain 1.7%, followed by BSE Telecommunication, Consumer Durables, and Consumer Dispensary.
Sectors and stocks
US stocks closed at a record high, balancing inflation effects with reduced Federal Reserve interest rate cuts. Despite the Fed’s reduced forecast, traders remain optimistic, anticipating two rate cuts in September.
June 18 Forecast
The Nifty reached new highs, reaching 23,500, due to cautious investor buying in key stocks. Midcap and smallcap stocks see renewed interest, while large-cap stocks face higher valuation hurdles.
Market momentum temporarily halts due to US Fed hawkish comments, reducing rate cuts. Near-term consolidation is probable as domestic investors await union budget and welfare focus.
| FII Bought | 2,175.86 Cr. |
| DII Bought | 655.76 Cr. |
Indian Stock Market
| Sensex | 181.87 | 0.24% | 76992.77 |
| Nifty 50 | 66.70 | 0.29% | 23465.60 |
| Nifty Bank | 155.30 | 0.31% | 50002.00 |
Market Movers
| Eicher Motors | 133.60 2.78% | Tech Mahindra | -17.50 -1.26% |
| M&M | 66.90 2.34% | TCS | -46.10 -1.19% |
| Adani Ports | 26.25 1.87% | Wipro | -5.10 -1.06% |
| Shriram Finance | 47.85 1.78% | HCL Tech | -13.10 -0.91% |
| Titan Company | 57.85 1.67% | SBI | -4.70 -0.56% |
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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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