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Stock Market Highlights, June 19: Sensex, Nifty end flat; Nifty Bank rises 2%, Axis, HDFC Bank up 3%

Stock market Highlights today, June 19, 2024: The BSE Sensex hit an all-time high of 77,852 in the intraday trade, while the Nifty50 touched 23,664

Image SI Reporter New Delhi
Bombay Stock Exchange, BSE

Closing Bell on Wednesday, June 19, 2024: Despite a sharp sell-off in fag-end, benchmark Sensex, and Nifty50 indices managed to clock fresh record highs on Wednesday, led by private bank stocks. 

The BSE Sensex, which hit an all-time high of  77,852 in the intraday trade, ended mildly higher by 36 points at 77,337 levels. The Nifty50, on the other hand, closed at 23,516, down 42 points. It hit a record high of 23,664 during the day.

Axis Bank, HDFC Bank, Kotak Bank, ICICI Bank, IndusInd Bank, and SBI, were the top gainers on the 30-stock index, rallying between 1 per cent and 3 per cent.

Titan, Maruti Suzuki, L&T, Bharti Airtel, NTPC, Reliance Industries, Power Grid, Bajaj Finance, ITC, and HUL, however, weighed on the bourses as they fell up to 3.4 per cent.

In the broader markets, the BSE MidCap hit a lifetime high of 46,442.9 in the morning deals, but closed at 45,833.5, down 0.91 per cent.

The BSE SmallCap, too, touched a new lifetime summit of 51,968.25 before closing at 51,393, down 0.58 per cent. 

Among sectors, the Nifty Bank ended 2 per cent higher, hitting a record high of 51,957 intraday. 

3:53 PM

Tech View :: What are the next targets on Nifty?

Nifty witnessed another lackluster day; in fact, the index remained very range-bound, staying broadly within 23,450 and 23,650. Sentiment continues to favor short-term bullish trades as the index sustained above the 55 exponential moving average (EMA) on the hourly chart.

The short-term trend remains strong, and any dips towards the 55-hour EMA, which is currently pegged at 23,340, might get bought into. On the higher end, in the short term, the index might move towards 23,800 and beyond.

Views by:  Rupak De, Senior Technical Analyst, LKP Securities
 
3:49 PM

Tech View :: 'Nifty Bank remains buy-on-dips opportunity'

The Bank Nifty index continued its strong momentum post-breakout and approached the mark of 52,000. The strong momentum is likely to continue, with immediate support at the 51,000-50,900 zone. The index remains in a buy mode, and dips should be bought aggressively for targets of 52,100-52,600.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

3:48 PM

Currency check :: Rupee ends 4 paise weaker at 83.45/$

3:46 PM

Broader markets :: BSE MidCap slips nearly 1%, SmallCap 0.6%

3:44 PM

Sector check :: Financials, IT stocks hold gains; Realty slips

3:43 PM

Sensex Heatmap :: Private banks support benchmarks; Axis Bank up 3%; RIL down 1.5%

3:41 PM

Closing Bell :: Nifty ends in the red, holds 23,500

3:40 PM

Closing Bell :: Sensex sharply off highs in fag end

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2:59 PM

ALERT:: US, UK stock futures trade on a listless note

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Source: Investing.com

2:50 PM

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2:40 PM

ALERT:: Bank Nifty zooms to new high, up nearly 3%

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2:31 PM

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A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai

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First Published: Jun 19 2024 | 7:40 AM IST

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