Stock Market Close, June 24, 2026: Markets Stage Sharp Recovery as Brent Below $76 Inspires Broad-based Buying 

Mumbai, June 24:Indian benchmark indices bounced back sharply on Wednesday, with the Nifty reclaiming the 24,000 mark and the Sensex jumping nearly 800 points, as investors lapped up shares across most sectors after the previous session’s selloff.

Brent crude oil futures sliding below $76 per barrel, their lowest level ‌since February 27, a day before the Iran war started,combined with bargain hunting in heavyweight stocks helped offset concerns over the U.S. interest-rate outlook and weakness in global technology shares.

At the close, the Sensex advanced 790.54 points, or 1.04%, to 76,991.22, while the Nifty 50 gained 197.55 points, or 0.83%, to settle at 24,021.65. Market breadth was positive, with 2,107 stocks advancing against 1,970 declines on the NSE, while 162 stocks remained unchanged.

IT, Realty and Private Banks Drive Rally

Sensex felt happy all day as shares recovered from the crash yesterday. Source: BSE

The recovery was led by strong buying in information technology, realty and financial stocks. The Nifty IT and Nifty Realty indices climbed around 2% each, while the Nifty Private Bank index gained 1.8% after the RBI allowed banks to make loans to non-residents against foreign-currency deposits.

Heavyweight lenders such as HDFC Bank, ICICI Bank and Axis Bank supported benchmark indices, while technology stocks rebounded despite overnight weakness on Wall Street.

The broader market, however, underperformed frontline indices. The Nifty Midcap 100 index rose just 0.1%, while the Nifty Smallcap 100 index gained 0.4%, indicating that the rally was largely concentrated in large-cap stocks.

InterGlobe Aviation, Adani Enterprises Among Top Gainers

Nifty 50 kept flying throughout as oil sliding below key psychological levels lifted stocks. Source: NSE

Among Nifty constituents, InterGlobe Aviation emerged as the top performer, benefiting from lower crude oil prices, which are positive for airline profitability. Adani Enterprises, Tech Mahindra, Trent and Bajaj Finance were also among the biggest gainers of the session.

Adani rose as the group announced at its annual general meeting a massive ₹2 trillion power sector capex plan alongside broader expansion across energy, infrastructure and emerging technology businesses. Trent rallied as HSBC bumped up its target price.

On the other hand, Bajaj Auto came under pressure after the company disclosed a ransomware attack affecting its systems and those of a subsidiary. NTPC, ONGC, Tata Steel, Maruti Suzuki India and Bharat Electronics also ended among the top losers.

Oil Relief Counters Global Concerns

Investor sentiment received support from falling crude prices after progress in U.S.-Iran negotiations eased concerns over disruptions to oil flows through the Strait of Hormuz. Lower oil prices are generally favourable for India, which imports the bulk of its crude requirements, as they help contain inflation and reduce input costs across sectors.

The gains came a day after benchmarks suffered their sharpest fall in weeks amid concerns that the U.S. Federal Reserve could raise interest rates later this year. However, Wednesday’s session saw investors return to beaten-down sectors, helping markets recover a significant portion of those losses.

Going ahead, market participants will continue to track global interest-rate developments, crude oil prices, monsoon progress and corporate developments for further direction.

Source:

• NSE, BSE