Stock Market Performance and Index Moves on June 24th

Stock market moves today, June 24th. Things extended gains in the afternoon session across the board. The Sensex jumped over nine hundred points finally crossing that 77,100 level. Nifty followed suit too, climbing above 24,050.
It felt positive, mostly. Strong buying kicked in for IT and banking stocks. Volatility eased up a bit too. Market breadth improved. Sentiment stayed firmly positive overall.
At two twenty pm, the BSE Sensex was sitting at 77,101.74. That’s a gain of 901 points. About one point one eight percent increase there. Nifty 50 managed to pick up 232 points. Almost a point of change. It landed at 24,056.45.
During that time, the Sensex actually hit an intraday high. 77,190.37. And Nifty? It poked up to 24,090.05 briefly. Just those little spikes adding up.
Sector Performance Drivers
Technology stocks were clearly the biggest drivers. That’s where the real energy was. The Nifty IT index absolutely soared, up 2.46 percent. It took the top spot for sectoral performance today. Tech Mahindra rallied hard, three point four five percent gain. Infosys managed a solid three point four two percent jump. And TCS ? They jumped nearly three percent, 2.88 percent. HCLTech also moved over one percent up.
That big IT swing really pushed the benchmark indices higher. It helped Nifty reclaim that psychological barrier of twenty-four thousand level. A nice bounce back there.
Financial stocks weren't far behind in strength. They kept seeing heavy buying interest. Bank Nifty went up by 1.77 percent, hitting 58,196.95. Nifty Private Bank climbed a bit more, 1.80 percent. And the broader Nifty Financial Services index gained 1.46 percent.
Individual Stock Movers
Individual stocks were moving nicely too. ICICI Bank was up by 2.51 percent. HDFC Bank managed a gain of 2.07 percent. SBI also climbed, adding 1.51 percent. Kotak Mahindra Bank saw a solid 1.43 percent increase. Axis Bank moved up 1.24 percent.
Bajaj Finance was surging, up 2.42 percent. Bajaj Finserv gained 0.93 percent too. That group really supported the whole rally effort.
Gains weren't just stuck in tech and banks though. Other sectors also contributed. Nifty Realty saw a rise of 2.01 percent. Nifty Cement moved up 1.56 percent. And Nifty Oil & Gas gained 0.85 percent. Even the PSU Bank stocks held their own, rising by 0.80 percent in that segment index.
Look at some specific movers. Trent jumped a big four point two six percent. IndiGo surged nearly four percent, 3.94 percent gain. Adani Ports managed a solid one point two eight percent increase.
Broader Market Participation
And the broader market felt it too. Unlike the morning session, things kept climbing across the board. Nifty Midcap 100 ticked up 0.36 percent. Nifty Smallcap 100 gained 0.33 percent. Even Nifty Midcap 50 climbed a bit, 0.58 percent. The big ones: Nifty 500 advanced 0.65 percent. And Nifty 200 saw a gain of 0.74 percent. It showed wider participation across everything.
Fear Factor and Macro View
The fear factor eased too. India VIX dropped significantly. It fell by 2.70 percent down to just 13.57. That drop really reflects better investor confidence. Risk perception seems lower now. This easing came partly because crude oil prices settled down a little bit. Plus, there are those ongoing talks about an India-US trade aGreement. And foreign money flows seem steadier than before.
Lower crude prices is definitely good news for the country right now. It helps ease inflationary pressures. Macroeconomic outlook looks better on that front.
Losers in the Market
Looking at the losers, things were a bit different. NTPC fell 1.26 percent. Eternal declined by 1.02 percent. BEL slipped slightly, just 1.01 percent down. Maruti Suzuki took a hit of 0.95 percent. And Bharti Airtel was down 0.61 percent in the afternoon trading.
Trent, IndiGo, Tech Mahindra, Infosys, TCS, ICICI Bank and Bajaj Finance were all up big on the Sensex during that afternoon session. The rest lagged behind. It was a mixed bag of performance, messy but generally upward leaning for the indices themselves.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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