Market Highlights, June 26: Sensex zooms 621 pts, ends atop 78,650; Nifty holds 23,850; RIL soars 4%
Stock Market Highlights on Wednesday, June 26, 2024: The BSE Sensex touched a record high of 78,759, while the Nifty50 scaled 23,890 in the intraday trade
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Closing Bell on Wednesday, June 26, 2024: Bull run extended on the bourses on Wednesday as investors latched on to heavyweights like Bharti Airtel, Reliance Industries, Ultratech Cement, ICICI Bank, Axis Bank, Kotak Bank, Bajaj Finance, Maruti Suzuki, ITC, and L&T.
The BSE Sensex touched a record high of 78,759, while the Nifty50 scaled 23,890 in the intraday trade.
The BSE benchmark, eventually, closed at 78,674, up 621 points or 0.8 per cent. The NSE counterpart, meanwhile, ended at 23,869, up 148 points or 0.62 per cent.
In the broader markets, the BSE MidCap slipped 0.29 per cent, while the BSE SmallCap rose 0.15 per cent.
Among sectors, the Nifty Media edged 1.6 per cent higher, followed by the Nifty Bank index (up 0.5 per cent), which hit a record high of 52,958.90 in the intraday trade. The Nifty, Metal, Realty, and Auto indices, on the contrary, slipped up to 1.4 per cent.
3:48 PM
Tech View :: 'Nifty is likely to target levels of 24,150 in near-term'
Nifty50
On the daily charts, the Nifty has witnessed a follow-through buying interest after breaking out of the consolidation range on the upside. We believe that the Nifty is likely to target levels of 24,150 from short-term perspective. Any dips towards support zone 23,700 – 23,680 should be used as a buying opportunity. Daily and hourly momentum indicators are in sync so momentum is likely to continue.
Bank Nifty
Bank Nifty also witnessed buying interest and continued with its upmove. The sharp run up is likely to continue until it shows exhaustion on the price front. On the upside 53,660 is the immediate hurdle while 52,300 – 51,900 is the crucial support from short term perspective.
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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Closing Bell :: Sensex ends above 78,650 on over 600-point rally
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Check list here
Check list here
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Topics : MARKET LIVE MARKET WRAP stock market trading MARKETS TODAY Indian stock exchanges Indian stock markets Indian equities Markets Sensex Nifty S&P BSE Sensex BSE MidCap BSE SmallCap BSE Sensex NSE Nifty50 benchmark index Nifty50 FIIs DIIs
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First Published: Jun 26 2024 | 7:12 AM IST