Closing Bell: Nifty 50 Closes Above 24,000 as Financials, IT Drive Broad Market Gains | 24 Jun 2026, 03:45 PM IST
By Sivam
The Nifty 50 concludes Wednesday’s session above 24,000, gaining +0.78%, propelled by strong performances in banking and IT sectors. Market breadth remained positive, indicating broad participation.
The Indian equity markets closed Wednesday’s session on a strong positive note, with the Nifty 50 index reclaiming the 24,000 mark. The benchmark index settled at 24010.50, registering a gain of +186.40 points, or +0.78%. Market breadth within the Nifty 50 was largely positive, with 31 stocks advancing against 19 declines, indicating a healthy participation across the index.
Index Performance Overview
| Index | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24010.50 | +186.40 | +0.78% |
| Nifty Bank | 58129.90 | +946.15 | +1.65% |
| NIFTY Midcap 100 | 62083.40 | +13.05 | +0.02% |
The Nifty Bank index significantly outperformed its broader market counterpart, surging by +1.65%, reflecting robust buying interest in banking and financial stocks. In contrast, the NIFTY Midcap 100 index saw marginal gains, advancing by only +0.02%, suggesting that the rally was predominantly concentrated in large-cap segments.
Key Market Movers
Among the Nifty 50 constituents, Interglobe Aviation, Adani Enterprises, and Tech Mahindra led the pack of gainers, each posting significant upticks. Conversely, Bajaj Auto, NTPC, and Tata Steel were among the top laggards for the day.
| Top 10 Gainers | Close (₹) | Change% |
|---|---|---|
| Interglobe Aviation Ltd. (INDIGO) | 5224 | +5.29% |
| Adani Enterprises Ltd. (ADANIENT) | 3066 | +3.48% |
| Tech Mahindra Ltd. (TECHM) | 1462 | +3.28% |
| Trent Ltd. (TRENT) | 3243.2 | +3.19% |
| Bajaj Finance Ltd. (BAJFINANCE) | 990 | +2.87% |
| Shriram Finance Ltd. (SHRIRAMFIN) | 1019.45 | +2.63% |
| ICICI Bank Ltd. (ICICIBANK) | 1373.4 | +2.62% |
| Infosys Ltd. (INFY) | 1055.4 | +2.54% |
| Tata Consultancy Services Ltd. (TCS) | 2109.7 | +2.43% |
| HDFC Bank Ltd. (HDFCBANK) | 793.2 | +2.39% |
| Top 10 Losers | Close (₹) | Change% |
|---|---|---|
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 9740 | −2.84% |
| NTPC Ltd. (NTPC) | 355.95 | −2.37% |
| Tata Steel Ltd. (TATASTEEL) | 189.95 | −1.87% |
| Oil & Natural Gas Corporation Ltd. (ONGC) | 240.1 | −1.74% |
| Bharat Electronics Ltd. (BEL) | 413.1 | −1.64% |
| Maruti Suzuki India Ltd. (MARUTI) | 13231 | −1.64% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 349.5 | −1.42% |
| Bharti Airtel Ltd. (BHARTIARTL) | 1876.6 | −1.31% |
| Hindalco Industries Ltd. (HINDALCO) | 975.4 | −1.16% |
| Eternal Ltd. (ETERNAL) | 256 | −1.14% |
Sectoral Trends
Sectoral performance displayed clear trends, with some sectors registering significant gains. One sector advanced by +2.24%, another by +2.04%, and a third by +1.51%. Other sectors saw more modest gains of +0.41%, +0.08%, and +0.01%. Conversely, one sector closed in negative territory, declining by −0.49%, reflecting pressure on certain segments of the market.
FII and DII Activity
Foreign Institutional Investors (FIIs) recorded a marginal net inflow of +17.86 cr on June 23, 2026. Domestic Institutional Investors (DIIs) showed stronger buying interest, with a net inflow of +680.21 cr during the same session, providing significant support to the market.
Stock-Specific Highlights
Several individual stocks witnessed significant movements backed by company-specific developments. Interglobe Aviation Ltd. (INDIGO) surged +5.29% following the launch of ‘Cabs with IndiGo’ and the commencement of flight operations from Noida International Airport. Adani Enterprises Ltd. (ADANIENT) gained +3.48% after its Joint Venture acquired a 100% stake in Madhuvanti Build Estate, aimed at setting up infrastructure facilities. Tech Mahindra Ltd. (TECHM) climbed +3.28% on news of deepening ties with Telefonica Germany to build a next-gen private cloud platform, a multi-year engagement focused on modernizing telecom and enterprise workloads.
Outlook for Tomorrow
As markets look ahead to tomorrow’s session, participants will closely monitor global cues and any further institutional flow data. The sustained strength in banking and IT sectors will be a key area of focus.