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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)

Image SI Reporter New Delhi
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.

3:48 PM

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
3:47 PM

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.
3:45 PM

Currency check :: Rupee ends 7 paise firmer vs US dollar

3:43 PM

Broader markets :: Mid, SmallCap indices outshine large-caps

3:41 PM

Sectoral trends :: Media, Metal indices slip in trade

3:40 PM

Sensex Heatmap :: M&M, Power Grid, Sun Pharma help index stage recovery

3:39 PM

Closing Bell :: Nifty holds 23,500

3:38 PM

Closing Bell :: Sensex ends atop 77,300, up over 100 pts

3:28 PM

ZEE can withdraw its merger implementation application: NCLT

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3:17 PM

Route Mobile jumps 17.5% on expanding WhatsApp-based ticketing service

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3:02 PM

ICICI Bank share price hits record high today, gains 9.5% from June 4 low

ICICI Bank share price hit a record high of Rs 1,175.7 apiece on the BSE on Monday, after it gained 1.5 per cent in the intraday trade. With today's gain, ICICI Bank share price has surged 9.5 per cent from its June 4 low of Rs 1,073 per share. READ MORE 

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Exicom Tele-Systems zooms 40% in 4 days on strategic pact with Hubject

In the past four trading days, the stock has zoomed 40 per cent after Hubject, the electric vehicle (EV) Interoperability market leader, entered into a strategic partnership with the company. This includes Hubject’s intercharge platform, which will make it easier for EV drivers to find and charge points, and then simply charge when needed. READ MORE

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2:41 PM

Century Textiles shares gain 6% after acquiring residential land in Pune

Shares of Century Textiles soared up to 5.9 per cent at Rs 2,347 per share on the BSE in Monday’s intraday deals. This came after the company’s subsidiary Birla Estates and the real estate arm of the Aditya Birla Group, is set to expand its presence in Pune with a land acquisition in Manjri.  READ MORE

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2:32 PM

Nifty 50 ETF reigns supreme: 95% dominance in India's booming ETF market

Study reveals that ETFs on top 3 broad indices i.e., Nifty 50 ETF, Nifty Next 50 ETF and Nifty Midcap 150 ETF contribute more than 99% of total AUM among broad indices in Equity ETF schemes. READ MORE

Mutual Fund NAV

2:22 PM

This EPC firm's stock price zoomed 52% in last six months, 182% in one year

Shares of RPP Infra projects skyrocketed up to 20.15  per cent at Rs 155 per share in Monday’s intraday trade. The stock price of the company has zoomed 52.29 per cent in the last six months, while 182.36 per cent in the last one year. READ MORE

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First Published: Jun 24 2024 | 7:11 AM IST

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