Sensex, Nifty Snap 3-Day Losing Streak Amid Positive Asian Cues, Renewed FII Inflows Lift Market Sentiment

Mumbai, June 20 – Indian equity benchmarks bounced back in early trade on Friday after a three-day decline, supported by gains in Asian markets and sustained foreign institutional investor (FII) inflows.

Market Opening Highlights

The BSE Sensex rose by 289.43 points to touch 81,651.30, holding firm at 82,017.66 as of 10:26 AM IST. Meanwhile, the NSE Nifty advanced 88.25 points to reach 24,881.50 in early trade, later steadying at 24,980.25. The rebound comes after a series of subdued sessions, as global sentiment had remained cautious amid persistent geopolitical tensions.

Top Gainers and Laggards

Among the 30 Sensex constituents, the top gainers included:

• Mahindra & Mahindra
• Eternal
• State Bank of India
• UltraTech Cement
• Bajaj Finserv
• Maruti

Meanwhile, notable laggards were:

• IndusInd Bank
• Bajaj Finance
• Tech Mahindra
• Kotak Mahindra Bank

Global Market Cues

Asian indices opened on a strong footing:

• South Korea’s Kospi
• Japan’s Nikkei 225
• Shanghai Composite
• Hong Kong’s Hang Seng

All traded in the green, offering supportive signals for domestic equities. US markets were closed on Thursday in observance of Juneteenth.

Brent Crude and Geopolitical Outlook

Global oil benchmark Brent crude dropped 2.45% to USD 76.92 per barrel, easing inflationary pressures for oil-importing nations like India.

Market experts suggest Nifty may remain range-bound between 24,500 and 25,000, barring any major geopolitical developments.

“The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict. However, strong domestic institutional buying is expected to support the lower band,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

FII & DII Activity

• FIIs were net buyers, investing Rs 934.62 crore on Thursday
• DIIs also supported the market with Rs 605.97 crore worth of purchases

Previous Session Recap

On Thursday, the Sensex had slipped 82.79 points to close at 81,361.87, while the Nifty had edged down 18.80 points to 24,793.25, ending its third straight session in the red.

With renewed optimism from Asia and healthy institutional participation, markets are showing signs of recovery amid lingering external risks.

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