Nifty last close: 23537.85 (+0.16%)
Indian benchmark indices ended higher in a volatile session on June 24
Nifty managing to hold above 23,500 helped by auto, capital goods, power and FMCG names
At close, the Sensex was up 131.18 points or 0.17 percent at 77,341.08
Nifty was up 36.75 points or 0.16 percent at 23,537.85
Top Nifty gainers included M&M, Shriram Finance, Power Grid Corporation, Sun Pharma
while losers were Cipla, IndusInd Bank, Adani Ports, Coal India and Tata Steel
Among sectors, capital goods, auto, FMCG, telecom and power indices were up 0.5-1%
while metal, oil & gas, PSU Bank and media fell 0.5-1 percent
Midcap and Smallcap indices added 0.3 percent each
India will begin this year’s spectrum auction on June 25
Selling airwaves worth Rs 96,317.65 crore. The auction, initially set for May 20, has been rescheduled twice
Zee Media Kenya, a wholly-owned step-down subsidiary of the company, has been incorporated in Kenya
Subsidiary Amara Raja Advanced Cell Technologies signed a technical licensing agreement with GIB EnergyX Slovakia
IndiGo has doubled its frequency between Jeddah and Mumbai and will now operate 14 weekly flights starting August 15
The bank’s board will meet on June 27 to consider a proposal for raising funds via QIP
Maruti has received a Show Cause Notice demanding Rs 5.4 crore from the Goods and Services Tax (GST) Authority, Gujarat
The FIIs extended the selling on June 24 as they sold equities worth Rs 654 crore
DIIs also sold equities worth Rs 820 crore on the same day
US markets ended mixed on June 24
Dow gained 0.67%, Nasdaq slipped to 1% and S&P500 lost 0.3%
Nvidia lost 7% and fell 13% from 3 days
Nvidia lost $430 million in market-cap
US 10-year yied 4.23%
Dollar index around 105.50
Crude inched up by $1 to $86/bbl
GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 23575 and 23600
If stays above 23600 will try to move 23660
On flip side, Nifty can be considered as supports as 23500 and 23475
Below 23475 finding a next support around 23420
Updated: 08.43 am / 25th June 2024