Stock Market Highlights, June 24: Sensex, Nifty end higher after a day's hiatus; VIX jumps 6%
Stock Market Highlights on Monday, June 24: Sectorally, the Nifty Media index fell 1.8 per cent, followed by the Nifty Metal, and PSU Bank indices (down 0.6 per cent each)
 "BSE, stock market, sensex")
Closing Bell on Monday, June 24, 2024: After starting lower amid subdued global cues and Quant Mutual Fund fiasco, benchmark indices recouped losses in the second half of the session to end slightly higher.
The BSE Sensex ended with a gain of 131 points, or 0.17 per cent, to end at 77,341 levels, while the NSE Nifty50 ended at 23,538, up 37 points or 0.16 per cent.
M&M, Power Grid, Sun Pharma, Nestle India, Ultratech Cement, ICICI Bank, ITC, NTPC, and Bharti Airtel were the top gainers, rising up to 3 per cent. On the flipside, IndusInd Bank, Adani Ports, Tata Steel, Reliance Industries, Bajaj Finance, Axis Bank, and SBI wre the top laggards, down up to 2.4 per cent.
In the broader markets, the BSE MidCap, and SmallCap indices closed with gains of 0.37 per cent and 0.27 per cent, respectively.
Sectorally, the Nifty Media index fell 1.8 per cent, followed by the Nifty Metal, and PSU Bank indices (down 0.6 per cent each). On the upside, the Nifty Auto added 0.9 per cent.
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Tech View :: 'Nifty trend remains positive'
Nifty trend remains positive for the short-term as long as it remains above 23,300, where a buy-on-dips strategy might favor traders.
On the higher end, resistance is seen at 23,600. A decisive move above 23,600 might lead call writers to unwind their positions.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
On the higher end, resistance is seen at 23,600. A decisive move above 23,600 might lead call writers to unwind their positions.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
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Comment :: What all moved in the markets today?
Despite the market being on a consolidative path, sectoral churning is visible in FMCG and consumer durables in anticipation of the budget expectations.
Better tax collection and dividends from the RBI will encourage GoI on rural spending and tax benefits.
In mid- and small caps, though the margin of safety in terms of valuation remains lacking, investors are keener on the growth story in capital goods, infra, auto, etc.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
Better tax collection and dividends from the RBI will encourage GoI on rural spending and tax benefits.
In mid- and small caps, though the margin of safety in terms of valuation remains lacking, investors are keener on the growth story in capital goods, infra, auto, etc.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
3:45 PM
Currency check :: Rupee ends 7 paise firmer vs US dollar
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Broader markets :: Mid, SmallCap indices outshine large-caps
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Sectoral trends :: Media, Metal indices slip in trade
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Sensex Heatmap :: M&M, Power Grid, Sun Pharma help index stage recovery
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Closing Bell :: Nifty holds 23,500
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Closing Bell :: Sensex ends atop 77,300, up over 100 pts
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Topics : MARKET LIVE MARKET WRAP stock market trading Markets Sensex Nifty MARKETS TODAY Indian stock exchanges Indian stock markets BSE MidCap BSE SmallCap S&P BSE Sensex NSE Nifty50 benchmark index IPO listing time IPOs valuations IPOs
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First Published: Jun 24 2024 | 7:11 AM IST
