Stock Market Close, June 22, 2026: Sensex, Nifty Rebound as Broad-Based Buying Powers Stocks; FMCG Weighs

Mumbai, June 22: Indian benchmark indices closed higher on Monday, recovering from Friday’s weakness as broad-based buying across pharmaceutical, media, information technology, energy, and others outweighed losses in FMCG and consumer durable counters. Easing crude oil prices, positive Asian market cues and interest in heavyweight stocks such as Reliance Industries helped support sentiment through the session. 

The Sensex rose 291.17 points, or 0.38%, to close at 77,094.07, while the Nifty 50 gained 89.80 points, or 0.37%, to settle at 24,102.90, reclaiming the psychologically important 24,100 mark. Market breadth remained positive, with around 2,500 stocks advancing, 1,688 declining, and 179 remaining unchanged. 

Pharma, IT and Media Stocks Drive Gains 

Sensex rose as almost all sectors ended up in the green with global sentiment looking up amid Middle East optimism. Source: BSE 

The rally was led by pharmaceutical shares, with Cipla, Dr. Reddy’s Laboratories, and Sun Pharma featuring among the top gainers on the Nifty. Technology stocks also rebounded after Friday’s selloff, with Tech Mahindra advancing as investors returned to the sector following recent weakness. 

Heavyweight Reliance Industries rose after its annual general meeting on Friday, providing additional support to benchmark indices. The stock benefited from investor optimism around the company’s AI initiatives, new energy plans and the proposed listing of Jio Platforms. 

FMCG, Consumer Durables Emerge as Weak Spots 

Nifty 50 clocked a rise as pharma stocks flew on the index, leading a broad-based rally. Source: NSE 

Despite the broader market strength, defensive consumer names came under pressure. Asian Paints, Titan Company, Nestlé India, and Trent ended among the session’s major laggards. 

Sectorally, all major indices ended in positive territory except FMCG and consumer durables. Media, IT, metal, pharma, auto and energy indices gained, indicating broad-based participation in the rally. 

Broader Markets Gain 

The positive sentiment extended beyond the benchmark indices. The Nifty Midcap 100 index rose 0.3%, while the Nifty Smallcap 100 index gained 0.6%, reflecting sustained risk appetite among investors. 

Market participants also drew comfort from softer crude oil prices following progress in U.S.-Iran negotiations, which helped ease concerns over inflation and India’s import bill. Foreign institutional investor inflows and resilience in domestic buying further supported the market’s upward trajectory. 

Outlook 

With the Nifty closing back above 24,100, traders will look for confirmation of momentum in the coming sessions. Global cues, crude oil prices, monsoon progress and foreign fund flows are expected to remain key drivers, while investors continue to monitor sector rotation between defensives and growth-oriented segments. 

Source

•  https://www.nseindia.com
• https://www.bseindia.com/sensex/code/16