On 21 June 2024, the Indian equity markets, represented by the benchmark indices Sensex and Nifty, experienced a downturn after a prolonged bullish phase. The BSE Sensex concluded the day at 77,209.90, marking a decline of 269.03 points from its previous close, breaking a six-day winning streak. Meanwhile, the Nifty touched an intraday high of 23,667.10 but retreated by 65.90 points to settle at 23,501.10 by the end of the trading session.
Several key sectors, including oil & gas, capital goods, and FMCG, witnessed reduced investor interest amid global market pressures. Among the 30 companies constituting the Sensex, notable decliners were UltraTech Cement, Larsen & Toubro, and Reliance Industries. Conversely, Bharti Airtel, Infosys, and Tata Consultancy Services emerged as notable gainers during the session.
Foreign institutional investors were net buyers in the market, injecting Rs 415.30 crore into equities. The global oil benchmark, Brent crude, also experienced a decline, contributing to the overall market sentiment on the day…