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Stock Market Highlights, June 25: Sensex jumps 712pts, surpasses 78k for 1st time; Nifty tops 23,700

Stock Market Highlights on Tuesday, June 25, 2024: The m-cap of all the companies listed on the BSE stood at Rs 436 trillion at the end of the session

Image SI Reporter New Delhi

Closing Bell on Tuesday, June 25, 2024: Bulls took charge on Dalal Street on Tuesday, betting on private banks, including HDFC Bank, Axis Bank, and ICICI Bank, and other heavyweights like L&T, Bajaj Finserv, Tech M, SBI, and Infosys.

The BSE Sensex hit a fresh all-time high of 78,105, topping the 78,000-mark for the first time. It settled at 78,053, up 712 points or 0.92 per cent. 

Similarly, the NSE Nifty50 climbed above the 23,700 level for the first time to touch a record high of 23,735.5. It ended with gains of 183 points or 0.78 per cent at 23,721 level.

The broader BSE MidCap and SmallCap indices, however, slipped in trade, closing 0.26 per cent and 0.03 per cent, respectively. 

The m-cap of all the companies listed on the BSE stood at Rs 435.7 trillion at the end of the session.

Among sectors, the Nifty Private Bank, and Bank indices gained around 2 per cent each with both the indices hitting record highs. On the downside, the Nifty Realty fell 1.7 per cent.

3:55 PM

Tech View :: 'Nifty showing early signs of near-term upside breakout; next target 24,000'

A long bull candle was formed on the daily chart, which is indicating a possibility of decisive upside breakout of broader range movement at 23,600-23,700 levels. Hence, one may expect upside momentum to pick up in the short term.
The short-term trend of Nifty remains positive. The market is now showing early signs of upside breakout in the near term. The next upside levels to be watched around 24,000. Immediate support is placed at 23,550.

Views by: Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
3:50 PM

Tech View :: 'Next target for Nifty Bank stands at 53,500'

The Bank Nifty index broke above the resistance of 52,000, where the highest open interest was built up on the call side. The index is trading in a strong uptrend with higher highs and higher lows intact on the daily chart. The support now stands at 52,000, and intraday dips should be viewed as a buying opportunity for targets of 53,000/53,500.

Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
3:48 PM

Comment :: Which sectors gained and lost as Sensex, Nifty hit record highs?

The domestic market experienced a financial sector-driven rally today, primarily led by private banks, with the Nifty Bank reaching a new high and the Sensex surpassing 78,000. However, profit booking was evident in sectors such as realty, power, metals, and midcaps. Amidst moderate consolidations and sector rotations, the market is moving upwards due to expectations from the upcoming budget. Additionally, the progress of the monsoon is being watched for insights into the consumption outlook.

Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:43 PM

Currency check :: Rupee ends 4 paise higher vs US Dollar

3:41 PM

Broader markets :: Mid, SmallCap indices end lower despite benchmarks at record high

3:39 PM

Sectoral trends :: Banks, IT steal the show; Realty stocks see profit booking

3:38 PM

Sensex Heatmap :: Valuation comfort boosts private banks

3:37 PM

Closing Bell :: Nifty ends above 23,700 for the first time, gains nearly 200 pts

3:36 PM

Closing Bell :: Sensex ends above 78,000 for the first time

3:26 PM

Private banks gain up to 4%; Axis, ICICI hit new highs; HDFC nears summit

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Sensex hits 78K: 3 reasons that triggered a 600-pts rally on BSE benchmark

The NSE Nifty crossed the 23,700 level for the first-time ever; while the Nifty Bank index zoomed past 52,650 levels. READ MORE

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2:59 PM

Alkem Labs shares surge 5% on USFDA's VAI status for Baddi facility

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Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity

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First Published: Jun 25 2024 | 7:11 AM IST

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