Stock Market Highlights | 21 June 2024

The Sensex and Nifty, which were on a record-breaking rally, stopped their momentum due to selling pressure caused by a bearish trend in global markets.

The BSE Sensex ended a six-day rally by dropping 269.03 points to reach 77,209.90, while the Nifty reached a record intraday high of 23,667.10 before falling 65.90 points to close at 23,501.10.

 Key industries like oil & gas, capital goods, and FMCG stocks saw a decrease in investor participation. In the group of 30 Sensex companies, UltraTech Cement, Larsen & Toubro, and Reliance Industries were prominent underperformers, while Bharti Airtel, Infosys, and Tata Consultancy Services were highlighted as major achievers. Moreover, overseas institutional investors purchased stocks valued at Rs 415.30 crore. The worldwide oil standard Brent crude also experienced a decrease, adding to market trends.

• Today's top performers in the Nifty index were Bharti Airtel, LTI Mindtree, Hindalco Industries, Infosys, and Adani Ports & Special Economic Zone.
• Conversely, Ultratech Cement, Adani Enterprises, Bharat Petroleum Corporation, Tata Motors, and Tata Consumer were the biggest losers in the Nifty index.
  

The Bank Nifty closed at 51783.25 after reaching a high of 51934.35 and a low of 51224.95 during the day.