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HomeUncategorizedSensex Slips 550 Points from Intraday High, Nifty Flat at 23,265 Amid...

Sensex Slips 550 Points from Intraday High, Nifty Flat at 23,265 Amid Profit Booking.

Sensex, Nifty saw Kotak Mahindra Bank, Divi’s Labs, and Asian Paints as the biggest losers, while ONGC, L&T, and Adani Ports were the biggest gainers.

On June 11, the Nifty and Sensex traded mostly flat-to-positive, with the NSE Nifty 50 reaching its all-time high. However, the benchmark indices lost gains towards the end of the session, with the Nifty down 33 points and the Sensex up 5.60 points.

Sectors and stocks

Nifty Realty and Nifty Media saw significant gains, rising over 1% each, while Nifty Pharma and Nifty Healthcare experienced the most significant declines, falling 0.4% and 0.5%, respectively.

June 12 Forecast

A negative candle with upper shadow suggests a minor downward correction in the short term. Nifty is currently at 23,400-23,500 levels, with high expectations for new highs. Dip in market may occur, with immediate support at 23,050 levels.

The domestic market stabilized after a rebound, with investors awaiting global and domestic indicators. Concerns about US rate cuts have increased due to strong job data. Investors are preparing for policy decisions and inflation data.

FII Sold-111.04 Cr
DII Bought3,193.29 Cr
as per lastest session

Indian Stock Market

Sensex-33.49-0.04%76490.08
Nifty 505.65+0.02%23,264.85
Nifty Bank-75.15-0.15%49,705.75
as per closing Bell

Market Movers

ONGC14.40 5.56%Kotak Mahindra-37.25 -2.70%
Larsen54.95 1.55%Divis Labs-60.80 -1.34%
Adani Ports19.40 1.40%Asian Paints-35.10 -1.19%
Tata Motors11.95 1.23%Dr Reddys Labs-66.90 -1.10%
Maruti Suzuki146.10 1.15%Reliance-29.45 -1.00%
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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Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

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