Stock Market Live Updates 28 June 2024: Sensex, Nifty edge up in late trading; RIL spurts over 3%

Posted on by

Sensex, Nifty, Share Prices LIVE: Benchmark indices Sensex and Nifty traded in positive territory in late session on Friday. At 2:25 pm, Sensex was at 79,459.59, up 216.41 points or 0.27 per cent higher on its overnight close. Nifty was at 24,116.20, up 71.7 points or 0.3 per cent higher.
The top gainers on the Nifty50 were Reliance Industries (up over 3 per cent), ONGC, Dr Reddy’s, Tata Motors and HeroMotoCorp.
The laggards were ICICI Bank, Bharti Airtel, Axis Bank, IndusInd Bank and Kotak Bank.
All the Nifty sectoral indices with the exception of Nifty bank and financial services indices, were in the green. Market sentiment remains upbeat amidst expectations of substantial foreign inflows following JPMorgan’s inclusion of India’s sovereign debt in its emerging markets index. Ajit Mishra of Religare Broking emphasises sector rotation supporting steady index growth, highlighting the potential for Nifty to test 24,500. As investors strategise for potential dips, Trivesh D from Tradejini notes strong momentum in large-cap banking and telecom stocks. Analysts caution on temporary overbought conditions, but project support levels and resistance zones are conducive to market bulls.