Prime End of the Day Summary: View on Market Performance 24 June 2026

Nifty Rebounds After Yesterday’s Sharp Fall, Gains Nearly 200 Points

After yesterday’s sharp decline, Nifty staged a strong recovery, gaining 197 points to close at 24,021. The index opened 30 points lower but quickly reversed direction, recovering more than 300 points from the early morning lows. However, some profit booking in the final hour trimmed a part of the intraday gains. NSE cash market volumes were lower by 7% compared to the previous trading session.

Within the Nifty pack, IndiGo, Trent, and Adani Enterprises led the gains, while NTPC, Maruti Suzuki, and Tata Steel emerged as the key laggards.

On the sectoral front, barring Nifty Auto and Metal, all indices closed in the green. Realty, IT, and Private Bank indices were the top performers.

Broader markets resumed their uptrend after a one-day pause, with the Nifty Midcap 100 and Nifty Smallcap 100 posting modest gains of 0.10% and 0.39%, respectively. Market breadth improved, with the BSE advance-decline ratio rising to 1.10, indicating a tilt in favor of advancing stocks.

The rupee appreciated by 7 paise to close at 94.67, supported by a decline in crude oil prices and sustained capital inflows following recent government and RBI measures.

Technically, Nifty respected its 50-day DEMA support and held comfortably above yesterday’s low of 23,784. The index continues to find buying interest within the gap zone of 23,645–23,817 formed on June 15, 2026, highlighting demand at lower levels.

On the higher side, 24,190 remains an immediate resistance level, while on the downside, support has now shifted higher to around 23,800. The broader tone remains constructive as long as Nifty holds above this support band.