Market updates: Indices trading flat

20 Jun 2024 , 12:45 PM

On June 20, both the Nifty and Sensex displayed marginal gains, remaining largely unchanged. Metal and oil and gas stocks were notably active on the trading floor.

Market Performance:

• NSE Nifty: Up 0.18% at 23,558
• Sensex: Higher by 0.13% at 77,439
• Bombay Stock Exchange (BSE):
  • Advances: 2,387 shares
  • Declines: 1,225 shares
  • Unchanged: 141 shares

Volatility in the market decreased, with India’s VIX falling 0.6% to 13.66.

Broader Market Indices:

• Midcap Index: Up 0.6%
• Smallcap Index: Up 0.7%

Sector Performance:

• Top Performers:
  • Nifty Metal: Up 2%
  • Nifty Oil & Gas: Leading sectors
• Underperformers:
  • Nifty Pharma: Down nearly 1%
  • Nifty IT: Down nearly 1%
  • Nifty Healthcare: Down nearly 1%

Key metal stocks such as Hindustan Zinc, NMDC, and Vedanta saw significant activity, rising by up to 6%.

Key Nifty Gainers:

• Hindalco
• Kotak Mahindra Bank
• Tata Steel
• BPCL
• JSW Steel

Key Nifty Laggards:

• Sun Pharma
• M&M
• Hero MotoCorp
• Titan Company
• Cipla

The Midcap and Smallcap indices outperformed the headline indices, while Bank Nifty, which was the best performer in the morning, trimmed some gains but was still up by 0.3%.