Taking Stock: Record run continues for 2nd day; Nifty Bank around 53,000

Market Today

Indian benchmark indices continued their record run for a second consecutive session on June 26, with Nifty crossing 23,850 for the first time ever led by banks and heavyweights.

At close, the Sensex was up 620.73 points or 0.80 percent at 78,674.25, and the Nifty was up 147.50 points or 0.62 percent at 23,868.80.

BSE Sensex and Nfity50 indices hit new record highs of 78,759.40 and 23,889.90, respectively.

The Nifty Bank index also hit a fresh record high as it went closer to 53,000.

After a muted start, the market remained flat for the first couple of hours, however, gathered strength in the afternoon trade and touched fresh record highs amid buying seen in the bank, oil & gas and FMCG names.

Biggest gainers on the Nifty included Reliance Industries, UltraTech Cement, Bharti Airtel, ICICI Bank and Grasim Industries, while losers were Apollo Hospitals, Bajaj Auto, M&M, Tata Steel and Hindalco Industries.

Among sectors, bank, oil & gas, telecom, media and FMCG were up 0.3-2 percent, while auto, metal and realty fell 0.7-1.5 percent.

The BSE midcap index was down 0.30 percent while the smallcap index ended on a flat note.

Index	Prices	Change	Change%
Sensex	85,419.47	490.11	+0.58%
Nifty 50	26,139.30	172.90	+0.67%
Nifty Bank	59,291.20	222.00	+0.38%

Nifty 50 26,139.30 172.90 (0.67%)

Mon, Dec 22, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	948.05	46.35	+5.14%

Biggest Loser	Prices	Change	Change%
TATA Cons. Prod	1,177.80	-6.20	-0.52%

Best Sector	Prices	Change	Change%
Nifty IT	39377.90	686.30	+1.77%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8369.30	12.00	+0.14%

Nearly 300 stocks touched their 52-week high on the BSE including Reliance Industries, Bharti Airtel, ICICI Bank, Axis Bank, Grasim Industries, Shriram Finance, Vodafone Idea, Biocon, LIC Housing Finance, Shriram Finance, Indian Hotels, Honeywell Automation, Samvardhana Motherson International, L&T Finance, among other. Click to View Full List

Heavyweight Reliance and the banking counters-led rally helped the Index to extend its journey towards the north to end the session at a record level of 23,868.80 with gains of 147.50 points. On a sectoral front, Media was the top performer followed by Energy while Metal and Realty persisted with their underperformance. Mid and Smallcaps underperformed as the buying interest remained towards Index stocks only.

As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights.

Nifty opened on a flat note and as the day progressed it gained momentum and closed with gains of ~147 points. On the daily charts we can observe that the Nifty has witnessed follow-through buying interest after breaking out of the consolidation range on the upside. We believe that the Nifty is likely to target levels of 24150 from short term perspective. Any dips towards support zone 23700 – 23680 should be used as a buying opportunity. Daily and hourly momentum indicators are in sync so momentum is likely to continue.

Bank Nifty also witnessed buying interest and continued with its upmove. The sharp run up is likely to continue until it shows exhaustion on the price front. On the upside 53660 is the immediate hurdle while 52300 – 51900 is the crucial support from short term perspective.

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