Indian markers in green

25 Jun 2024 , 01:22 PM

On June 25, benchmark indices Nifty and Sensex were trading positively in the afternoon session, buoyed by budget momentum and favourable global cues. The Sensex surged 495.09 points or 0.64% to 77,836.17, while the Nifty climbed 116.90 points or 0.50% to 23,654.70. Market breadth was mixed with 1,737 shares advancing, 1,603 declining, and 87 remaining unchanged.

The banking sector led the rally, with the Nifty Bank index rising nearly 1% to hit a record high of 52,188, driven by gains in HDFC Bank, ICICI Bank, and Axis Bank. The IT sector also recovered, trading in the green.

Meanwhile, the Midcap index dropped 0.4% after earlier reaching a new high, and the Smallcap index was up 0.3%. The India VIX, a measure of market volatility, remained steady at around 14.

Key Nifty Gainers:

• Axis Bank
• UltraTech Cement
• HDFC Bank
• Larsen & Toubro
• Britannia Industries

Key Nifty Losers:

• BPCL
• Coal India
• ONGC
• SBI Life Insurance
• Adani Ports