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Nifty 50 and Sensex Open Strong

21 Jun 2024 , 10:25 AM

On Friday, the final trading session of the week, both the NIFTY50 index and the SENSEX opened on a positive note. The NIFTY50 reached a new all-time high of 23,667.10, just surpassing its previous record by three points. Broader market indices, including the Nifty Midcap 100 and Smallcap 100, also saw significant gains.

Market Performance

  • NIFTY50: Up 0.33%, trading near its all-time high levels.
  • SENSEX: Higher by 0.25%, around the 77,700 mark.
  • Bank Nifty: Down 0.12%, trading around 51,700.
  • India VIX: Flat, around the level of 13.

Broader Indices

  • NIFTY Midcap 100: Up 0.44%, above 55,700.
  • Nifty Smallcap 100: Up 0.51%, above 18,300.

Market Breadth

The market breadth was positive with 1,570 stocks advancing and 536 stocks declining.

Foreign Institutional Investors (FIIs)

FIIs were net buyers for the fourth consecutive session on Thursday, with total net purchases exceeding ₹13,000 crore, boosting market sentiment.

Sectoral Performance

  • Top Gainers:
    • Nifty IT: +2.49%
    • Nifty Media: +0.54%
    • Nifty Pharma: +0.17%
  • Major Losers:
    • Nifty Energy: -0.33%
    • Nifty FMCG: -0.32%
    • Nifty Auto: -0.28%

Nifty IT outperformed after Accenture’s stock surged 6% following strong earnings driven by high demand for its AI services.

Top Gainers and Losers in NIFTY50

  • Top Gainers:
    • LTIMindtree: +3.14%
    • Tech Mahindra: +2.94%
    • HCL Technologies: +2.13%
  • Major Losers:
    • Tata Steel: -1.54%
    • Hindustan Unilever: -0.8%
    • Coal India: -0.54%

 

Related Tags

  • BSE
  • nifty 50
  • NSE
  • opening bell
  • sensex
  • stock market news
  • Stock Market Updates
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