POST-MARKET SUMMARY 18th June 2024

On June 18, the Indian markets extended their gains for the fourth consecutive session, closing at a fresh record high. Top Gainer: SHRIRAMFIN | Top Loser: MARUTI

Liquide Post-Market Summary 18th June 2024

On June 18, the Indian markets extended their gains for the fourth consecutive session, closing at a fresh record high. Among sectoral indices, Nifty Realty jumped 1.9%, followed by Nifty Consumer Durables and Nifty Bank, which rose 1.6% and 1%, respectively. On the downside, Nifty Healthcare was the biggest loser, declining 0.6%, followed by Nifty Pharma and Nifty Metal, both down 0.4%.

NIFTY:  The index opened 105 points higher at 23,570 and made a high of 23,579 before closing at 23,557. Nifty has formed a Doji kind of candlestick pattern on the daily chart. Its immediate resistance level is now placed at 23,600 while immediate support is at 23,500.

BANK NIFTY: The index opened 192 points higher at 50,194 and closed at 50,440. Bank Nifty has formed a bullish candlestick pattern with a lower shadow on the daily timeframe. Its immediate resistance level is now placed at 50,600 while support is at 50,230.

Indices closing for 18th June 2024
Major Market Indices data
FII/DII Data
Nifty Gainers & Losers

Stocks in Spotlight

▪  IIFL Finance: Stock gained over 2% after the company said that it has rectified all deficiencies pointed out by the Reserve Bank of India (RBI) for its gold loan portfolio.

▪  Paras Defence: Stock was locked in 20% upper circuit after two large deals worth a total of Rs 318.10 crore took place on the stock exchanges.

▪  BLS E-Services: Stock surged around 7% after the company announced signing a pact to acquire a 55% controlling interest in Aadifidelis Solutions.

Global News 

▪  Asia-Pacific markets rebounded on Tuesday as Wall Street rallied overnight, with investors assessing the Reserve Bank of Australia’s interest rate decision.

▪  European stocks were higher on Tuesday after a mixed start to the trading week.

▪  Gold prices edged higher on Tuesday as Treasury yields eased, with market participants awaiting U.S. data and comments from Federal Reserve officials for more clarity on the central bank’s roadmap for interest rate cuts.


This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as

i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or

ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or

iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and/or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.

With Liquide, you can explore stocks, trade securely in your own broker account, and receive expert-recommended trade setups. Stay updated with real-time tracking, market commentary, and AI-powered insights from LiMo, our intelligent bot. Whether you're a seasoned investor or a newbie, Liquide provides the tools you need to discover your next big investment opportunity. Download the app now from Google Play Store and Apple App Store to revolutionize your investment journey. Don't miss out on the chance to level up your investing game with Liquide.