Sensex Closes 78,670 Above, Nifty Rises 147 Points On June 26, 2024

Nifty ? ? ? ? 23,868 [+147.50] 0.62

Sensex? ? 78,674 [+620.73] 0.80

Reasons for Market Up?

• Sectors such as media, oil and gas, and banking performed well, leading the market higher. Positive earnings reports and strategic developments within these sectors boosted investor confidence.

• Positive cues from global markets, especially the surge in Asian equities and gains in European markets, also contributed to the bullish sentiment.

Top 3 Stocks That Gained The Most

Nifty

Reliance: +3.88

Bharti Airtel: +3.33

UltraTech Cement: +2.84

• The Reliance Industries Ltd stock rose today likely due to their new one-hour delivery service in Mumbai and Navi Mumbai, showcasing innovation in quick commerce and boosting investor confidence.

• UltraTech Cement shares went up today primarily due to the announcement of its revised offer to acquire a 25% stake in UAE-based RAK Cement (RAKWCT).?

• This strategic move by UltraTech Cement is seen as a step towards expanding its international presence and enhancing its market position in the cement sector.

Sectors of the Day?

Nifty Media:? +1.60

Nifty Oil & Gas:? +1.39

Nifty Private Bank:? +0.57

IPO Performance?

• Dindigul Farm Product Limited IPO shares are expected to be listed on the NSE SME platform around June 27, 2024.
• Winny Immigration and Education Services Ltd IPO shares are expected to be listed on the NSE SME platform around June 27, 2024.

Key Events To Track For 27th June 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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