Stock Market Today: The Indian stock market opened flat on Thursday, June 12, but quickly slipped into negative territory amid weak global trends and profit booking after six days of gains. The BSE Sensex opened at 82,571.67, slightly higher than its previous close of 82,515.14, while the Nifty 50 started the day at 25,164.45, up 22 points from Wednesday’s close.
At the sectoral level, the Nifty Bank index started marginally positive at 56,480.90. However, the Nifty IT index led the losers, shedding 0.72% at the open.
Top Gainers & Losers
Sensex Gainers: Sun Pharma, Asian Paints, Bajaj Finserv, Bharti Airtel, NTPC, Adani Ports
Sensex Losers: Infosys (-1.50%), Eternal, Tech Mahindra, Tata Steel, HCL Tech, Tata Motors
Nifty 50 Gainers: ONGC (+2.5%), Sun Pharma, Dr. Reddy’s, Asian Paints, Bharti Airtel, Bajaj Finserv
Nifty 50 Losers: Infosys, Eternal, Tech Mahindra, Tata Steel, Tata Motors, HCL Tech, Hero MotoCorp, Wipro, Jio Financial
Market Movement Throughout the Day
10:30 AM
Markets turned red amid weak global cues and geopolitical tension.
- Sensex: Down 173 pts at 82,341
- Nifty 50: Down 50 pts at 25,091
- Nifty Pharma Index: Gained 1%, with 18 stocks trading in green
Noon Update
Market weakness deepened with selling in auto, FMCG, and realty sectors.
- Sensex: Down 350 pts at 82,220
- Nifty 50: Down 104 pts at 25,036
- Sectors down >1%: Nifty Auto, FMCG, Realty, Oil & Gas
1:30 PM
Indices slipped below psychological levels of 82,000 (Sensex) and 25,000 (Nifty).
- Sensex: Down 600 pts at 81,888
- Nifty 50: Down 200 pts at 24,935
- Nifty Bank: Down 350 pts at 56,105
- Broader Markets: Nifty Midcap 100, Smallcap 100 down over 1%
2:00 PM
Heavy profit-booking drove benchmarks lower.
- Sensex: Down 950 pts at 81,600
- Nifty 50: Down 300 pts at 24,870
- Sectors falling >1.5%: Realty, Auto, Metal, Oil & Gas
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Expert Take
“The recent flattish trend is expected to continue as there are no strong positive catalysts,” said VK Vijayakumar, Chief Investment Strategist at Geojit. He noted that Nifty’s key support lies at 24,800, while resistance is around 25,300. If that level is breached, the next target is 25,500.
Previous Session Recap
On Wednesday, June 11, the Sensex and Nifty ended their sixth consecutive session in the green:
- Sensex: +123 pts to 82,515.14
- Nifty 50: +37 pts to 25,141.40
- 6-session gain: Nifty up 598 pts or 2.42%
Disclaimer:
The information provided in this blog is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages arising from the use of this information.
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