Page 3 - While Nifty News Today

Indian markets experienced broad-based selling, with Sensex erasing the 63,000 mark and Nifty 50 falling below 18,700. Global cues and hawkish central bank stances dampened sentiments, while Accentures lower Q4 2023 estimates caused IT stocks to dip.

Bulk and block deals: Stocks like Delhivery, Craftsman Automation, Sansera Engineering, Sakthi Sugars, Shilpa Medicare, Bright Outdoor Media, and Spectrum Talent Management were in focus during Thursdays trading sessions as they witness large buying and selling.

Indian markets saw volatility following Sensexs lifetime high and Nifty nearing its record level. Midcap and smallcap stocks underperformed, with IT, consumer durables, and metal stocks as top laggards. More sellers than buyers were seen and Indias volatility index jumped 2.25% on Thursday.

Sensex hit fresh lifetime highs, while Nifty 50 neared its record high, but Indian markets couldnt sustain their momentum due to global trends and delayed monsoons. Expert, said market volatility was exacerbated by consecutive days of net selling by FIIs.

Nifty has been trading in an uptrend with formations of higher highs and higher lows. The index has also managed to sustain above its 21DEMA since April 2023. Nifty is trading in an ascending channel pattern and bouncing strongly whenever it approaches the channel support.

Indian market resisted lifetime highs on Monday as selloffs in banking, auto, FMCG, and capital goods dragged performance, with Sensex and Nifty 50 ending in the red. Bajaj twins, Adani Enterprises, Adani Ports, Kotak Bank, Tech Mahindra, and TCS were among most active stocks today.

Tata Consumer, Grasim, and JSW Steel were among the top gainers in Nifty 50, while Bajaj Finance, IndusInd Bank, and Bharti Airtel were among the top losers.

Foreign institutional investors continued to buy Indian equities for the second consecutive day, with an inflow of nearly INR1,715cr ($230m) on 16 June. The Sensex rose to 63,228.51, up by 85.35 points or 0.14%, while the Nifty 50 closed at 18,755.90, up by 39.75 points or 0.21%.

FIIs buying slowed on Thursday after the RBI maintained a status quo. However, DIIs turned net sellers in Indian equities. Both Sensex and Nifty 50 ended in the red dragged by auto, banking, IT, and healthcare stocks.

Indian markets fall despite in-line monetary policy outcomes by RBI, disappointing traders who expected more optimistic revision in inflation outlook.