Stock Market Highlights, June 21: Indian bourses settle lower; Nifty holds 23,500
Stock market Highlights on Friday, June 21: On BSE, Bharti Airtel, Infosys were among the top gainers while UltraTech Cement and L&T were among the top laggards
 "VIX VAPOUR RISING, markets crash, sensex")
Representational Image
Closing Bell on Friday, June 21, 2024: Benchmark indices settled lower on Friday. The BSE Sensex closed 269.03 points or 0.35 per cent lower at 77,209.90 levels. Nifty50, on the other hand, slipped 65.90 points or 0.28 per cent to 23,501 levels.
On BSE, Bharti Airtel, Infosys were among the top gainers while UltraTech Cement and L&T were among the top laggards.
Similarly, on NSE, Bharti Airtel and LTIMindtree were among the top gainers while UltraTech Cement and Adani Ent were among the top laggards.
Broader markets also settled lower. Nifty MidCap slipped 0.08 per cent while SmallCap fell 0.17 per cent.
Sectorally, Nifty Media was the top gainer, up 0.95 per cent, followed by IT (up 0.76 per cent). FMCG, meanwhile, was the top loser (down 1.20 per cent).
3:44 PM
(View By: Rupak De, Senior Technical Analyst, LKP Securities)![]()
Tech View: Nifty might fall towards 22,750 in the short term
Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry.
A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the Nifty might fall towards 22750 in the short term.
A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the Nifty might fall towards 22750 in the short term.
(View By: Rupak De, Senior Technical Analyst, LKP Securities)
3:42 PM![]()
Comment: Market witnesses profit booking amid slow monsoon progress
The domestic market witnessed minor profit booking amid concerns over the slow progress of the monsoon, resulting in underperformance in the FMCG sector. The heatwave in Northern India is driving consumer durables stocks up. The global markets were subdued as weak guidance from Accenture led to profit booking in US tech stocks.
Conversely, domestic IT stocks saw buying interest as market participants appeared to have factored in weaker earnings. Attention is now focused on the upcoming GST meeting, where the potential rationalization of GST rates in certain sectors is under discussion.
(Comeent By: Vinod Nair, Head of Research, Geojit Financial Services.)
Conversely, domestic IT stocks saw buying interest as market participants appeared to have factored in weaker earnings. Attention is now focused on the upcoming GST meeting, where the potential rationalization of GST rates in certain sectors is under discussion.
(Comeent By: Vinod Nair, Head of Research, Geojit Financial Services.)
3:39 PM
Nifty Realty, FMCG lead sectoral losses
3:38 PM
Bharti Airtel, LTIMindtree top gainers on NSE
3:36 PM
Ultratech Cement, L&T end 2% lower on Sensex
3:35 PM
Broader market check
3:34 PM
Closing Bell: Nifty holds 23,500
3:32 PM
Closing Bell: Sensex ends 269 points lower
3:24 PM
Asian markets update
3:09 PM
![]()
Premier Explosives stock soars 10% on turning ex-split; up 109% in 11 days
Shares of Premier Explosives hit a new high of Rs 909.35, as they rallied 10 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market after the stock turned ex-date for 1:5 split. With today’s rally, the stock price of the smallcap explosives company has been more than doubled or zoomed 109 per cent from a level of Rs 426.80 (adjusted to stock split) on June 5. READ MORE
3:02 PM![]()
GE Power rallies 9% on Rs 243 cr order win from NTPC GE Power Services
The surge in stock price came after GE Power announced that it has received a letter of Intent from NTPC GE Power Services for a project worth Rs 243 crore. READ MORE
2:54 PM![]()
ALERT:: Marathon NextGen boards okays Rs 500 cr fund raise plan; stock trades flat
Marathon NextGen Realty in an exchange filing today said the company's board has approved fund raise plan of up to Rs 500 crore.
2:44 PM
![]()
Union Budget 2024-25 brings high expectations for real estate sector
Expectations are high as the Modi 3.0 government prepares to unveil reforms aimed at boosting housing, office spaces, and commercial areas amid rising demand. READ MORE
2:32 PM
![]()
DEE Engineers, Akme Fintrade's IPO bidding status on day 3; check details
DEE Development Engineers' initial public offering (IPO) was oversubscribed 12.5 times on the third day of its subscription period which began on Wednesday and ends today. READ MORE
2:21 PM![]()
ALERT:: Kirloskar Pneumatic inks MoU to buy majority stake S&C India; stock up 3%
Kirloskar Pneumatic Company in an exchange filing today said it has entered into a Memorandum of Understanding (MoU) to acquire a majority stake (above 51%) in Systems & Components India Private Ltd (S&C India).
Topics : MARKET WRAP Markets Markets Sensex Nifty MARKETS TODAY Market news Indian stock market Indian stock markets S&P BSE Sensex BSE Sensex Nifty50 Global Markets Trading strategies
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jun 21 2024 | 7:43 AM IST
