Sensex Jumps 791 Points, Nifty Ends Above 24,000 As IT And Banking Stocks Rally
Indian stock markets ended sharply higher on Wednesday, June 24, 2026, with benchmark indices posting strong gains led by buying in IT, banking, and financial stocks.
The BSE Sensex surged 790.54 points, or 1.04 percent, to close at 76,991.22. The NSE Nifty gained 197.55 points, or 0.83 percent, to settle at 24,021.65, reclaiming the important 24,000 level.
IT And Banking Stocks Lead Market Rally
The market rally was supported by strong buying in frontline IT and banking counters. Investors turned positive amid supportive global cues, easing crude oil prices and continued foreign institutional investor interest.
Market sentiment also improved after concerns over immediate interest rate hikes eased. Hopes of progress in the proposed India-US trade agreement further added to investor confidence.
Top Sensex Gainers
IndiGo was among the top gainers, rising 4.24 percent. Trent gained 3.61 percent, while Tech Mahindra advanced 3.30 percent.
Bajaj Finance rose 2.94 percent, followed by ICICI Bank, which gained 2.65 percent. Infosys added 2.61 percent, HDFC Bank moved up 2.43 percent, TCS climbed 2.32 percent, and Axis Bank ended 1.50 percent higher.
Kotak Mahindra Bank, Adani Ports, State Bank of India, UltraTech Cement, and Mahindra & Mahindra also closed in positive territory.
NTPC, Tata Steel Among Losers
Not all Sensex stocks ended higher. NTPC declined 2.10 percent, while Tata Steel fell 1.78 percent. Maruti Suzuki slipped 1.60 percent.
Bharat Electronics, Bharti Airtel, Eternal, and Power Grid were also among the major laggards of the day.
Sectoral Performance
Among sectoral indices, Nifty Realty gained 2.17 percent, while Nifty IT rose 2.05 percent. Nifty Private Bank advanced 1.85 percent, and Nifty Bank moved up 1.69 percent.
Nifty Financial Services gained 1.54 percent, while Nifty Cement rose 1.68 percent, reflecting buying interest in select infrastructure and construction-related stocks.
However, Nifty Auto declined 0.42 percent, and Nifty Metal fell 0.40 percent, showing weakness in select pockets of the market.
Broader Markets End Mixed
Broader markets delivered a mixed performance. The Nifty Midcap 100 index gained 0.10 percent, while the Nifty Smallcap 100 index rose 0.39 percent.
The Nifty Microcap index, however, ended slightly lower by 0.09 percent.
Why Did The Stock Market Rise Today?
Analysts said lower crude oil prices helped improve investor sentiment as they reduced concerns over inflation and India’s import bill.
Foreign fund inflows, gains in IT and banking stocks, and optimism around the India-US trade talks also supported the market rally. Positive cues from global markets further helped the Sensex and Nifty recover strongly.
The day’s gains showed renewed buying interest in large-cap stocks, though investors are expected to remain watchful of global cues, crude oil movement, and domestic economic indicators in the coming sessions.
Disclaimer: This article is for information purposes only and should not be considered investment advice.
