Stock market today: Frontline indices, the Sensex and the Nifty 50, ended with losses on Friday, June 21, mirroring weak global sentiment after the US dollar hit a multi-week high level.
Nifty 50 hit its record high of 23,667.10 soon after opening but failed to hold gains due to the lack of fresh triggers. Profit booking in most sectors kept the benchmark index down, while weak global cues also weighed on sentiment.
Sensex closed 269 points, or 0.35 per cent, lower at 77,209.90, while the Nifty 50 closed with a loss of 66 points, or 0.28 per cent, at 23,501.10.
Even though the market’s medium—to long-term outlook remains positive, investors are booking profits at higher levels due to the lack of fresh triggers. The Indian stock market seems to have discounted most positives and now awaits the upcoming Budget and macroeconomic prints to get a cue about the economy’s course.
(More to come)
3.6 Crore Indians visited in a single day choosing us as India’s undisputed platform for General Election Results. Explore the latest updates here!
Download The Mint News App to get Daily Market Updates.
Published: 21 Jun 2024, 03:32 PM IST
