The Indian stock market faced a notable downturn as BSE Sensex dropped by 150 points and Nifty50 hovered near 23,800. Global economic uncertainty, COVID-19 concerns, corporate earnings, and macroeconomic data contributed to the decline.
The Nifty 50, an essential benchmark for the Indian stock market, reflects market sentiment and economic stability. On 18 June 2024, it opened at 23,465.6, rising modestly by 0.29%, indicating cautious optimism amidst various economic factors and corporate earnings reports.
The stock market is poised for a strong start today with both Nifty and Sensex indices expected to open higher, supported by a 100+ point rise in GIFT Nifty futures. Positive economic data, strong corporate earnings, and favorable global cues contribute to the optimistic outlook. Key sectors in focus include IT, pharmaceuticals, and banking, with experts anticipating significant activity from stocks like Reliance Industries and Infosys.
