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Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh

Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.

Image SI Reporter New Delhi
stock market, BSE

Photo: Bloomberg

Closing Bell on Tuesday, June 11: A late sell-off in equities saw the benchmark BSE Sensex and the NSE Nifty erase gains and end on a flat note on Tuesday.

The S&P BSE Sensex hit a high of 76,861 and was up over 350 points, but eventually ended with a loss of 33 points at 76,457. The NSE Nifty 50 touched a high of 23,389, and spent most of the day above the 23,300 levels. However, the NSE benchmark index finally settled at 23,265, up six points.

Larsen & Toubro was the major gainer among the Sensex 30 shares. Tata Motors, Maruti, NTPC, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra and Tata Steel were the other notable movers. 

On the other hand, Kotak Bank and Asian Paints slipped over 1 per cent. Reliance and ITC too declined nearly 1 per cent each, and accounted for a loss of nearly 140 points on the BSE Sensex.

Among the broader indices - the BSE MidCap index advanced 0.7 per cent, while the SmallCap gained almost 1 per cent. 

The overall breadth too was fairly positive, with 2,468 stocks advancing on the BSE as against 1,390 declining shares.

 

3:56 PM

Comment:: Nifty might remain sideways in 23,150-23,300 range

"Nifty remained sideways during the day as there was no directional move. The sentiment might remain sideways as well until it breaks out of the 23,150-23,350 range. Any decisive breakout on either side might confirm the future direction of the market. On the higher end, above 23,350, it might move towards 23,600. Meanwhile, support below 23,150 is placed at 23,000-22,900."
 
-  Rupak De, Senior Technical Analyst, LKP Securities
 
3:55 PM

Comment:: Bank Nifty to witness short-covering above 50,000-mark

"The BankNifty Index experienced a sideways trading session and was unable to surpass the 50,000 mark, where the highest open interest is built up on the call side. Once the index breaks above 50,000, it is likely to see sharp short covering towards the 50,500/51,000 levels. The undertone remains bullish, and traders should adopt a buy-on-dip approach with support at 49000, where the highest open interest is built up on the put side."
 
- Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
3:53 PM

BSE SmallCap Heatmap:: Jai Corp, HCC zoom up to 20%; PNC Infra plunges 8%

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3:51 PM

BSE MidCap Heatmap:: Oil India, IRCTC soar up to 7%; Emami slips 3%

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3:49 PM

Broader market check:: MidCap, SmallCap indices outrun benchmark Nifty; VIX dips 10%

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3:47 PM

Nifty 50 Movers & Shakers:: ONGC stands out with over 5% gain

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3:45 PM

Sensex Heatmap:: L&T, auto stocks shine; RIL, ITC whine

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3:44 PM

Closing Bell: NSE Nifty setlled 6 pts higher at 23,265

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3:42 PM

Closing Bell: BSE Sensex ends 33 pts lower at 76,457

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First Published: Jun 11 2024 | 7:33 AM IST

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