Equities continued their upward march on June 17, with benchmark indices ending higher for the fourth consecutive trading session. Optimism surrounding the US-Iran peace agreement, easing crude oil prices and a stronger rupee supported investor sentiment, though gains remained moderate ahead of the US Federal Reserve's policy decision.
The Sensex closed 347 points higher, or 0.45 percent, at 77,156, while the Nifty 50 gained 97 points, or 0.40 percent, to finish at 24,086.
Investors remained cautious ahead of the US Federal Reserve's interest rate announcement. Markets expect the Fed to keep rates unchanged, but attention is focused on its policy commentary and economic outlook.
Softer bond yields, a stronger rupee and declining crude oil prices helped the equities maintain momentum despite mixed global cues. Easing tensions around the Strait of Hormuz reduced concerns over energy supplies, supporting market sentiment.
Key factors behind the market's gains included:
Falling crude oil prices
Stable bond yields
Strength in the rupee
Expectations of a steady US interest-rate cycle
Late-session short covering
However, concerns over delayed monsoon progress and lower reservoir levels triggered some profit booking during the day.
Investor wealth expanded significantly as the total market capitalisation of BSE-listed companies increased by ₹2.92 lakh-crore to ₹475.17 lakh-crore.
Among Nifty 50 constituents, 32 stocks ended in positive territory.
Top gainers included:
Trent (+7.25 percent)
BEL
Hindalco
SBI Life
Eternal
Major losers:
Eighteen Nifty stocks ended lower.
Key laggards were:
Tata Motors Passenger Vehicles (TMPV), down 8 percent after Jaguar Land Rover's FY27 outlook
Cipla
Bajaj Finserv
ONGC
Axis Bank
Broader markets outperformed the benchmarks:
Nifty Midcap 100 gained 0.52 percent
Nifty Smallcap 100 rose 0.79 percent
The continued strength in broader markets indicates sustained investor interest beyond frontline stocks.
Consumer Durables: +2.11 percent
PSU Banks: +1.75 percent
Metals: +1.01 percent
IT and Banking also ended higher
Realty
Auto
These sectors underperformed amid selective profit booking.
The most actively traded stocks by volume on the NSE were:
Vodafone Idea (50.3 crore shares)
YES Bank (39.4 crore shares)
IFCI (23.9 crore shares)
IDBI Bank
Lloyds Engineering Works
Market breadth remained positive.
96 stocks touched 52-week highs
31 stocks hit 52-week lows
Notable stocks reaching fresh highs included:
Aeroflex Industries
Belrise
Data Patterns
IFCI
YES Bank
Netweb Technologies
Polycab
The advance-decline ratio remained positive:
Advancing stocks: 1,923
Declining stocks: 1,396
This suggests buying interest remained broad-based across the market.
Nifty remains in a positive trend despite facing resistance near 24,100.
Support
Immediate support: 24,000
Next support: 23,800 if 24,000 is breached
Resistance
Immediate hurdle: 24,100
Next target: 24,300 and above on a decisive breakout
With the weekly BSE options expiry and the Fed decision due later today, traders can expect heightened volatility in the near term.
