Stock Market Today: Nifty 50, Sensex Price
Mumbai, June 23 – The Indian stock markets traded in a narrow range today as investors weighed global economic cues and awaited key domestic data. Both Nifty 50 and Sensex closed marginally higher, led by selective buying in energy, banking, and FMCG stocks. However, midcaps and IT stocks remained under pressure amid valuation concerns and global headwinds.
🔔 Market Summary:
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Nifty 50: ▲ 0.34% | Closed at 22,946.25
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Sensex: ▲ 0.28% | Closed at 75,382.40
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Nifty Bank: ▲ 0.41% | Closed at 49,015.85
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India VIX: ▼ 2.11% | Signaling reduced market volatility
🔍 Most Searched Stocks Today & Their Performance
| Stock | Price (₹) | Change (%) | Trend Summary |
|---|---|---|---|
| Reliance | 2,920.60 | ▲ 0.72% | Consolidating near resistance |
| HDFC Bank | 1,668.45 | ▲ 0.45% | Stable gains; range-bound |
| TCS | 3,708.20 | ▼ 0.55% | Weak IT sentiment drags performance |
| Adani Ent. | 3,215.90 | ▲ 1.10% | Momentum building after breakout |
| Zomato | 187.30 | ▲ 2.62% | Strong volume & breakout pattern |
| IRCTC | 929.75 | ▼ 0.90% | Pullback after sharp rally |
🧠 Technical & Sectoral Insights
🏦 Banking:
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Nifty Bank outperformed broader indices with Kotak Mahindra and ICICI Bank leading.
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Analysts note strength above 49,000 could trigger fresh upside.
💻 IT Sector:
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TCS, Infosys, and Tech Mahindra were under pressure due to weak global tech stock cues and earnings downgrades.
🛢️ Energy:
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Reliance and ONGC gained amid stable crude oil prices and improved refining margins.
🛍️ FMCG:
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ITC and HUL showed mild upside amid hopes of rural demand recovery.
💡 Expert View
“The market is currently in a wait-and-watch mode. With the Nifty comfortably above 22,900, a close above 23,000 can trigger a bullish continuation,” said Ravi Sharma, Senior Technical Analyst at WealthGrow Securities.
“Investors are advised to focus on large caps and avoid leveraged bets as the market approaches key resistance levels,” added Nikita Jain, Market Strategist, TradeVerse Capital.
