24th June 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 23501.10 (-0.28%)

Indian market ended higher for the third straight week with benchmarks posting fresh all-time highs
On last week,BSE Sensex added 217.13 points or 0.28 percent to end at 77,209.90
while Nifty50 index rose 35.5 points or 0.15 percent to close at 23,501.10. On June 21
Sensex touched fresh record high of 77,851.63, while Nifty50 hits record high of 23,667.10 on June 21
In terms of the market value, HDFC Bank added the most, followed by ICICI Bank, Infosys and Axis Bank
On the other hand, Reliance Industries, Larsen & Toubro and Maruti Suzuki India lost the most of their market-cap
Small-cap index rose 1.5 percent & Mid-cap Index ended on flat note
Among sectors, Nifty Bank index gained more than 3 percent, Nifty IT index up nearly 2 percent
However, Nifty Auto index slipped 2.5 percent, Nifty FMCG index shed 2 percent
Nifty Oil & Gas and Pharma indices down 2 percent each
Sebi suspects front-running in Sandeep Tandon-owned Quant Mutual Fund; conducts search and seizure operations
Quant runs the third largest small-cap fund in the country with assets under management of Rs 20,000 crore
The search and seizure operation was conducted across two locations – Mumbai and Hyderabad.
Sources said that alleged profits from the operations are close to Rs 20 crore
Earlier, Sebi has barred Viresh Joshi, the fund manager of Axis Mutual Fund, and 20 entities linked to him in a front running case linked to the fund house
The regulator has identified ?30.55 crore as ill¬-gotten gains made through the front¬running activities and directed that the amount be impounded
US markets ended almost flat on June 21
Gold prices slips to $2325/oz
Crude sustained $85/bbl
US 10-year yield sustained 4.25%
Asian markts were set to largely lower on June 24

GiftNifty indicates a gap down opening for the index
Nifty this week trend decider 23400 and 23700
Today Nifty is facing a resistance 23540 and 23570
If stays above 23570 will try to move 23630

On other side, Nifty considering a supports 23460 and 23430
Below 23430 finding a next support around 23350

Updated: 08.59 am / 24th June 2024