Closing Bell 24th June: Nifty 50 up by 0.83% and Sensex up by 1.04%
A near-done US-India trade deal and ships finally crossing Hormuz again Nifty and Sensex both jumped over 0.8% on June 24. Here's the full recap.
Team Dhan
|Jun 24, 2026, 04:19 PM
On Wednesday, the Indian stock market ended the day trading higher, with the Nifty 50 opening at 23,795.80, reaching a high of 24,090.05, and closing at 24,021.65, up by 0.83%. Similarly, the BSE Sensex opened at 76,229.76, reached a high of 77,190.37, and ended at 76,991.22, up by 1.04%.
The Indian markets traded in the green after a senior U.S official said that the United States and India are "very, very close" to concluding a bilateral trade deal that would open the 1.4 billion-strong Indian market to U.S goods on reciprocal and mutually beneficial terms.
Reasons for the positive sentiment
The following are the reasons for the positive sentiment in the stock market:
- Crude oil prices declined, easing inflation worries.
- Foreign investors turned into net buyers, lending support to market sentiment.
- Strong buying sentiment in IT and banking stocks.
- India VIX, the volatility index, declined by 3.95% to 13.39, indicating reduced market uncertainty.
Major Indices Today
- The benchmark indices, Nifty 50 and Sensex, traded in the green, led by the gains in HDFC Bank, ICICI Bank, and Infosys shares.
- Nifty Next 50 traded lower, amid losses in Hindustan Aeronautics, Cummins, and CG Power and Industrial Solutions shares.
- Nifty Bank traded in the green, led by gains in the private banking stocks after the RBI allowed banks to extend loans to non-residents against foreign-currency deposits, easing funding flexibility.
Sectoral Indices Today
- Nifty IT traded in green with all constituents trading higher amid strong buying sentiment.
- Nifty Auto traded lower amid losses in Bajaj Auto shares after a cybersecurity incident.
- Nifty FMCG traded in the green amid broader market sentiment.
- Nifty Pharma traded in green, after NITI Aayog proposed a blueprint for free trade agreements to boost regulatory predictability in India's pharmaceutical sector, urging a shift towards high-value segments.
- Nifty Oil & Gas traded higher after the Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said that 11 India-bound vessels have safely crossed the Strait of Hormuz after the signing of the MoU between the U.S and Iran.
Market Movers Today
- Tata Motors Commercial Vehicles shares rose by 4% after multiple brokerage firms, namely CLSA, HSBC, and Nomura, reiterated their positive outlook on the company, citing strong industry demand, market-share gains, and margin expansion prospects.
- DP Wires shares rose by 5% amid heavy volumes after Bollywood actor Amitabh Bachchan sold 82,056 shares worth ₹1.64 crore in the company.
- Adani Enterprises shares rose by 2% after Morgan Stanley initiated coverage on the stock with an "Overweight" rating, citing it as a major infrastructure incubator, with exposure to high-growth businesses spanning airports, data centres, new energy, and mining, and expecting the company's EBITDA to triple by FY30 as several emerging businesses scale up and begin contributing more meaningfully to earnings.
- Oberoi Realty shares rose by 3% after the company received RERA approval for its Gurugram project, 360 North project, paving the way for project launch, sales bookings, and revenue visibility from the Haryana market.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPO
- CSM Technologies IPO opened today and will close on 29th June. The price band set for the IPO is from ₹107 to ₹113 per equity share.
- Waterways Leisure Tourism IPO opened today and will close on 25th June. The price band set for the IPO is from ₹769 to ₹808 per equity share.
- Advit Jewels IPO opened today and will close on 25th June. The price band set for the IPO is from ₹130 to ₹138 per equity share.
Allotted today
- Turtlemint Fintech Solutions IPO shares allotted today. Investors can check their allotment status on the NSE and BSE websites.
Market Announcements
- Bajaj Auto shares dropped by 2.5% after the company informed that a cybersecurity incident occurred involving a ransomware attack impacting the company’s systems; however, it initiated necessary precautionary actions and protocols, mitigating the impact of the incident.
- Diamond Power Infrastructure (DPIL), the top vendor of Adani Group, shares rose 2% on June 24 in hopes of getting incremental orders after Adani Group chairman Gautam Adani in the AGM said that at Adani Power, the company is implementing India’s largest ever private sector power capex programme of over ₹2 lakh crore, with a target of reaching 45 GW of capacity over the next five years.
