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BSE Large-cap, Mid-cap and Small-cap index lost 1 percent each.

Indian equity indices closed lower for the second consecutive session due to negative cues from global markets and higher-than-expected interest rate hikes in Britain. Adani Group and Eros International Media were the top losers. Hawkish central bank policies have soured risk appetite and resulted in the decrease of market capitalization by Rs 2.78 lakh crore to Rs 289.47 lakh crore.

The BSE midcap and smallcap indices shed over a percent each.

Seven stocks, including Indiabulls Housing Finance, India Cements, and L&T Finance Holdings, are under a futures and options (F&O) ban for trading on 21 June. The ban occurs when open interest on futures or options contracts exceeds 95% of total positions limits and only ends once that figure falls below 80%. The banned stocks will still be available for trading in the cash market, however. The Nifty50 advanced 0.33% to $18,816.70 and Nifty Bank rose 0.30% to $43,766.50.

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty needs to breakout from the 18,669 - 18,888 range to gain momentum.

Dr Lal PathLabs has given a breakout of Mother candle of May 12 with bullish candlestick pattern formation and significantly higher volumes. The stock has touched 200-day EMA (Rs 2,140) intraday and finally settled at Rs 2,121, up 4.7 percent.

Eight stocks will not be available for F&O trade on Tuesday June 20. Indiabulls, India Cements, Manappuram Finance, Delta Corp, Zee Entertainment, Tata Chemicals, and L&T Finance Holdings were all banned. Moreover, Indiabulls has been restricted since June 6th. There may be ban periods on F&O contracts if the open interest on it exceeds 95% of the market wide positions limits and is only lifted if open interest falls below 80%. Bharat Heavy Electricals (BHEL) is no longer banned.

Foreign institutional investors (FII) sold shares worth Rs 1,030.90 crore, while domestic institutional investors (DII) offloaded shares worth Rs 365.20 crore on June 19, provisional data from the National Stock Exchange shows.

The BSE Sensex rose by 0.25% to reach 63,328, led by gains in tech and financial stocks, while caution ahead of US Federal Reserve Chair Jerome Powells congressional testimony capped the gains. The Nifty index closed 0.33% higher at 18,816. Tata Motors, Power Grid, and HCL Tech were the main contributors to Sensexs gains.

Among Sensex stocks, Kotak Mahindra Bank, Axis Bank, NTPC, HUL, ICICI Bank, and Bharti Airtel closed lower. On the other hand, Bajaj Finance, Bajaj Finserv, Tech Mahindra, TCS, Sun Pharma and Titan ended with gains.