Market Highlights, June 12: Sensex up 150 pts, Nifty off record high ahead of CPI data, Fed outcome
Stock Market Highlights on June 12, 2024: Losses in Britannia Industries, M&M, HUL, Titan, Tata Consumer, Adani Ports, Axis Bank, and Infosys capped gains
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Closing Bell on Wednesday, June 12: Indian equity markets stayed in a narrow range on Wednesday as investors waited for May CPI-based inflation data, along with the US Federal Reserve's interest rate decision.
The S&P BSE Sensex closed at 76,607, up 150 points or 0.2 per cent, while the Nifty50 hit a record high of 23,442 before ending at 23,323, up 58 points or 0.25 per cent.
Coal India, Power Grid, Eicher Motors, SBI Life, Tech M, LTI Mindtree, Shriram Finance, Bajaj Finance, and BPCL were the top gainers on the 50-stock index, rising over 1 per cent each.
Losses in Britannia Industries, M&M, HUL, Titan, Tata Consumer, Adani Ports, Axis Bank, and Infosys, however, capped gains.
In the broader markets, the BSE MidCap, and SmallCap indices added 1 per cent each.
Among sectors, most indices were in the positive zone led by Nifty Media, and PSU Bank indices (gaining up to 2 per cent). On the downside, only the Nifty FMCG index was in the red (down 0.45 per cent).
3:49 PM
Views by: Rupak De, Senior Technical Analyst, LKP Securities.
Tech View :: 'Nifty might continue consolidating within the 23,300-23,500 range'
The Nifty closed flat after a strong initial hour of trading, encountering resistance around 23,400. However, the short-term trend remains positive as the index stayed above 23,300. In the near term, the index might continue consolidating within the 23,300-23,500 range. A decisive breakout above 23,500 could trigger a rally towards 23,800.
Views by: Rupak De, Senior Technical Analyst, LKP Securities.
3:45 PM
Tech View :: 'Nifty Bank fails to top 50,000 on weekly expiry day'
The Bank Nifty Index witnessed a sideways trading session on the day of the weekly expiry and was unable to surpass the 50,000 mark, where the highest open interest is built up on the call side. The index needs to decisively surpass the 50,000 mark to gain further momentum towards the 50,500/51,000 levels. The lower-end support is placed at 49,400, and a break below this level will accelerate further selling pressure towards the 49,000 mark.
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
3:43 PM
Currency check :: Rupee gains 2 paise vs US dollar, ends at 83.55/$
3:41 PM
IPO Update :: Ixigo IPO subscribed 96x till 3:30 PM on final day
>> Bidding closes at 5:00 PM today
3:39 PM
Broader markets :: Mid, SmallCap indices extend outperformance over benchmarks
3:37 PM
Sensex Heatmap :: More than 10 stocks sit in red as Sensex ends 150 pts up
3:36 PM
Closing Bell :: Nifty holds 23,300
3:35 PM
Closing Bell :: Sensex ends off highs ahead of CPI data
3:28 PM
ALERT :: Moody's on Indian banks
3:16 PM
Tata Motors stock rises 2%; Brokerages upbeat on outlook post analyst meet
Overall, Tata Motors is targeting strong double-digit margins and aims to generate healthy positive FCF going ahead. READ MORE
Tata Motors (Photo: Twitter)
Topics : Stock Market MARKET LIVE MARKET WRAP share market Markets Sensex Nifty BSE NSE Indian stock market Fed meet Inflation data nikkei S&P Nasdaq
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First Published: Jun 12 2024 | 7:26 AM IST