Stock Market Highlights, June 18: Sensex, Nifty end at record closing highs; pvt banks, Infy lead

Stock market Highlights today, June 18: The m-cap of all BSE listed companies settled at Rs 423 trillion or $5.24 trillion

Closing Bell on Tuesday, June 18, 2024: Equity indices hit record highs in early deals and held onto their gains through the day. The benchmark BSE Sensex touched a lifetime high of 77,367 intraday, while the NSE Nifty50 hit 23,579 level.

The BSE Sensex, eventually, ended at 77,301, up 308 points or 0.4 per cent. The Nifty50, on the other hand, settled at 23,558, up 92 points or 0.39 per cent.

In the broader markets, the BSE MidCap claimed a new record high of 46,278.53, before ending at 46,255, up 0.43 points.

The BSE SmallCap index, too, touched an all-time high of 51,758.97 before closing at 51,694, up 0.96 per cent.

The m-cap of all BSE listed companies settled at Rs 423 trillion or $5.24 trillion

Among sectors, the Nifty Pharma, and Media indices fell up to 0.6 per cent, while the Nifty Private Bank, and Financial Services indices edged around 1 per cent higher each. 

3:58 PM

Tech View :: 'Nifty looking to move towards 23,800'

Following a strong start, the Nifty remained within a range as the index formed another day of muted movement on the daily chart. For the last few days, Nifty has been moving sideways on an intraday basis, but eventually, it has moved up above 23,500. The trend looks positive from here, with support placed at 23,300. A fall below 23,300 might induce selling pressure. On the higher end, the index might move towards 23,800.

Views by: Rupak De, Senior Technical Analyst, LKP Securities

3:48 PM

Tech View :: 'Next target for Nifty Bank stands at 51,000'

The Bank Nifty index finally broke out of the resistance mark of 50,200 and managed to close above it. The bullish momentum is likely to continue, potentially driving the index higher towards the 51,000 mark. The undertone remains extremely bullish, and a buy approach is recommended with strong support at the 49,700 mark. 

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

3:46 PM

Currency check :: Rupee ends 15 paise higher vs US dollar

3:44 PM

Broader markets :: Mid, SmallCap indices gain up to 1%

3:42 PM

Sectoral trends :: Realty, private banks rise; Media stocks slip

3:41 PM

Sensex Heatmap :: 22 of 30 index stocks climb in session

3:39 PM

Closing Bell :: Nifty ends atop 23,550

3:38 PM

Closing Bell :: Sensex ends above 77,300, up over 300 pts

3:28 PM

ALERT :: LIC clarifies on report 'Mega LIC property sale to raise $6-7bn'

>> We hereby clarify that news published in the mainstream media is incorrect, LIC said in a filing

Check here

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