POST-MARKET SUMMARY 26 June 2023

On June 26, the Nifty remained rangebound within a range of 50-60 points. The domestic market sentiment was negatively affected by weak cues from Asian and European markets. In a session marked by selective buying in important sectoral stocks, the benchmark indices concluded with a mixed performance, remaining within a restricted trading range.

NIFTY: The index opened 17 points higher at 18,682 and made a high of 18,722 before closing at 18,691. Nifty has formed a Doji candlestick on the daily chart, indicating a tug-of-war between the bulls and the bears. Its immediate resistance level is now placed at 18,800 while support is at 18,600.

BANK NIFTY:  The index opened 92 points higher at 43,714 and closed at 43,641. Bank Nifty has formed a small bearish candle on the daily chart. Its immediate resistance level is now placed at 43,800 while support is at 43,500.

Indices closing for 26th June 2023
Major Market Indices data
FII/DII Data
Nifty Gainers & Losers

Stocks in Spotlight

▪   Eros International: Stock fell 8.7% after SEBI barred the company, its MD and CEO from trading in the stock markets.

▪   Parag Milk: Stock gained 14% as veteran investor Nikhil Vora upped his stake in the company.

▪   Capacite Infraprojects: Stock jumped 6.7% after the company received a Rs 452.50-crore order for the construction of residential and commercial towers in the National Capital Region.

Global News

▪   Asia-Pacific markets started the final week of June on a mixed note, after the US markets snapped a multi-week winning streak on Friday.

▪   Tesla shares slipped 1.9% after Goldman Sachs became the latest Wall Street bank to downgrade the electric vehicle maker to 'neutral' from 'buy'.

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