| Market Pulse |
Wednesday, 24 June, 2026 |
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Market Snapshot
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📊
Nifty 50
23,824.1
-1.16%
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📈
Sensex
76,200.68
-1.16%
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🏦
Bank Nifty
57,183.75
-1.30%
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The Indian stock markets saw a significant decline today, with both Sensex and Nifty dropping by over 1%. This movement was largely influenced by weak economic data that dampened domestic investor sentiment, compounded by global pressures such as the strengthening US dollar due to anticipated Fed rate hikes. The dollar's rise not only pressures the rupee but also heightens concerns about foreign institutional investor (FII) outflows, particularly affecting export-oriented sectors like IT. Additionally, despite the positive news of potential relief in oil prices due to US-Iran negotiations, it wasn't enough to counterbalance the negative sentiment.
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The Big Story
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📰 FEATURED
Sensex, Nifty post biggest June fall as weak data hits market sentiment
ITMetals
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Investors should brace for volatility; consider defensive sectors.
WHY IT MATTERS
Weak economic data and sectoral selling pressure have led to significant market declines.
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Quick Takes
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global macro • negative
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Dollar rises to one-year high on Fed hike bets; yen hovers near 40-year low
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Expect volatility in currency markets; IT sector may face headwinds.
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Read full report →
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commodities • positive
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Oil prices fall as investors focus on Hormuz flows after peace talks
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Expect relief for oil-dependent sectors and potential INR strengthening.
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Read full report →
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commodities • positive
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Iranian oil set to return to India’s import basket as US temporarily lifts sanctions
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Energy sector may benefit from reduced crude costs; positive for OMCs.
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Read full report →
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markets • negative
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Sensex crashes almost 900 points, investors lose ₹6 lakh crore in a day: What drove the stock market down?
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Prepare for continued volatility; focus on quality stocks with strong fundamentals.
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Read full report →
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commodities • negative
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US authorises Iranian oil sales for 60 days after Switzerland talks with Tehran
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Expect volatility in oil prices; energy stocks may face pressure.
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Read full report →
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india macro • negative
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Weak monsoon could hit economy despite strong fundamentals: RBI bulletin
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Monitor FMCG and agriculture stocks for potential downside.
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Read full report →
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FII / DII Activity
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FII/FPI
Bought
₹1,271 Cr
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DII
Bought
₹919 Cr
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FIIs bought ₹1,271 Cr, DIIs bought ₹919 Cr. Strong buying across both institutional categories.
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Market Breadth
Advances: 643 ·
Declines: 1041 ·
A/D Ratio: 0.62
Broad-based selloff across market
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Sector Performance
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Pharma
+0.9%
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FMCG
-0.6%
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Auto
-0.8%
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Infra
-0.9%
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Fin Services
-1.0%
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Realty
-1.1%
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Energy
-1.2%
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Bank
-1.3%
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Media
-1.5%
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PSU Bank
-2.0%
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IT
-2.2%
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Metal
-3.2%
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Pharma, FMCG led gains while IT, Metal underperformed. Defensive sectors outperforming suggests risk-off sentiment.
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Technical Levels
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Nifty 50
| Support |
23,844 / 23,864 |
| Resistance |
23,997 / 24,169 |
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Bank Nifty
| Support |
57,171 |
| Resistance |
57,609 |
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Nifty is in bearish trend. Trading below 200 DMA suggests caution.
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Global Cues
| S&P Futures: -1.25%
US futures negative (S&P -1.25%).
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Commodities & Forex
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Gold
₹1,46,443
-0.06%
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Silver
₹2,25,260
-0.25%
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USD/INR
Rs 94.72/USD
+0.00%
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Macro / Economic Events
| 📌 |
3 earnings results expected |
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| 📌 |
RBI Monetary Policy Decision |
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Looking Ahead
| 👀 |
RBI Monetary Policy Decision |
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Corporate Actions
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Bajaj Auto
Bajaj Auto's largest buyback to turn ex-date; tender opens July 1
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Earnings Calendar
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Vikas Lifecare
24 Jun
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Ashwini Container Movers
24 Jun
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Chambal Breweries and Distille
24 Jun
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DISCLAIMER
This newsletter is for informational and educational purposes only. It is not investment advice.
Markets are subject to risks, and past performance is not indicative of future results.
Consult a registered financial advisor before making investment decisions. We are not registered
investment advisors with SEBI or any other regulatory body.
AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.
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