Sensex surges 790 points, Nifty tops 24,000 as IT and banking stocks lead rally
Synopsis
Indian markets staged a broad-based recovery on 24 June, with the Sensex adding nearly 791 points and the Nifty reclaiming 24,000 — powered by IT and realty stocks each gaining over 2%. The rally's sustainability now hinges on whether Nifty can decisively clear the 24,100 resistance zone, with analysts eyeing 24,400 as the next major target.
Key Takeaways
BSE Sensex surged 790.54 points ( 1.04% ) to close at 76,991.22 on 24 June .
Nifty50 advanced 197.55 points ( 0.83% ) to settle at 24,021.65 , reclaiming the 24,000 mark.
Nifty IT and Nifty Realty indices each gained more than 2% , leading sectoral performance.
InterGlobe Aviation , Adani Enterprises , and Trent were the top individual gainers in the Nifty pack.
Nifty Auto and Nifty Metal ended lower, bucking the broader rally amid profit-booking.
Analysts peg 24,100 as immediate resistance and 24,400 as the next upside target; 24,000 is key support.
Indian benchmark equity indices closed sharply higher on Wednesday, 24 June, with IT, banking, financial, and realty stocks driving broad-based buying across the session. The BSE Sensex surged 790.54 points, or 1.04%, to settle at 76,991.22, while the Nifty50 advanced 197.55 points, or 0.83%, to close at 24,021.65 — reclaiming the psychologically significant 24,000 mark.
Top Performers of the Session
Among the standout gainers in the Nifty pack, InterGlobe Aviation, Adani Enterprises, and Trent attracted the strongest buying interest and emerged as the session's biggest movers. Sectoral outperformance was led by the Nifty IT and Nifty Realty indices, each posting gains of more than 2%. Nifty Bank and Nifty Private Bank also recorded healthy advances, reinforcing the breadth of the rally.
Broader Market Performance
Broader markets participated in the upswing, though with more measured gains. The Nifty MidCap index rose 0.10%, while the Nifty SmallCap index added 0.39% by the close of trade. Analysts noted that positive sentiment was sustained throughout the session, with investors accumulating positions in key growth sectors.
Sectors That Lagged
Not all corners of the market shared in the optimism. The Nifty Auto and Nifty Metal indices ended in the red, weighed down by profit-booking and subdued investor appetite — the only notable drags on an otherwise buoyant session. Their underperformance, however, was insufficient to dent the headline indices.
Technical Outlook and What to Watch
Market analysts flagged the 24,100 region as the immediate resistance zone for the Nifty. 'A sustained breakout above this level would reinforce bullish momentum and could pave the way for a move towards the 24,200 level, followed by the 24,400 region, which remains the next significant upside target,' an analyst noted. On the downside, experts identified 24,000 as the immediate psychological support, with the 23,900–23,800 band serving as the next cushion. With IT and financial stocks continuing to attract institutional interest, the direction of the next US macro data release and domestic earnings guidance will be closely watched.
Point of View
But the Nifty's inability to clear 24,100 intraday is worth watching — it has acted as a ceiling multiple times this month. The IT-led charge reflects global risk-on sentiment rather than a domestic earnings catalyst, making the gains somewhat borrowed. Auto and metal weakness signals that domestic demand and commodity-linked themes remain under pressure, a divergence that tends to widen when global tailwinds fade. If institutional buying does not broaden beyond IT and financials, the index could stall at current levels despite the headline surge.
NationPress
24 Jun 2026
Frequently Asked Questions
How much did the Sensex and Nifty gain on 24 June?
The BSE Sensex rose 790.54 points, or 1.04%, to close at 76,991.22, while the Nifty50 advanced 197.55 points, or 0.83%, to settle at 24,021.65 on 24 June. Both benchmarks registered their gains on the back of strong buying in IT, banking, and realty stocks.
Which sectors led the stock market rally on 24 June?
The Nifty IT and Nifty Realty indices led the rally, each gaining more than 2% during the session. Nifty Bank and Nifty Private Bank also posted healthy advances, while financial services stocks attracted broad investor interest.
Which stocks were the top gainers in the Nifty on 24 June?
InterGlobe Aviation, Adani Enterprises, and Trent were the top performers in the Nifty pack, drawing the strongest buying interest and emerging as the session's biggest individual gainers.
Which sectors underperformed during the rally?
The Nifty Auto and Nifty Metal indices ended lower on 24 June, weighed by profit-booking and subdued investor appetite. They were the only major sectoral laggards in an otherwise positive session.
What is the technical outlook for Nifty after the 24 June rally?
Analysts identify 24,100 as the immediate resistance zone for the Nifty; a sustained close above it could open the way toward 24,200 and then 24,400. On the downside, 24,000 is the key psychological support, with 23,900–23,800 as the next significant cushion.
