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What happened in the Indian stock market today?

On Tuesday, June 11, Indian stock market benchmarks consolidated for the second consecutive session amid weak global cues.

Despite opening higher and trading positively for much of the session, profit booking led the Sensex to end 33 points lower at 76,456.59, while the Nifty 50 inched up 6 points to settle at 23,264.85.

Investors booked profits in large-cap stocks as attention shifted towards the new government’s policy decisions, the upcoming Union Budget, and global cues. Out of the Nifty 50 stocks, 28 ended higher, while 22 closed lower.

Impact on the stock market

The market saw mixed results across sectors. Nifty Bank fell by 0.15%, while the Private Bank index slipped by 0.16%. The PSU Bank index, however, managed a slight gain of 0.15%. 

On the other hand, sectors like Nifty Media, Oil & Gas, and Realty posted healthy gains of 1.75%, 1.33%, and 1.13%, respectively. Nifty Realty and Nifty Media emerged as the biggest gainers, each rising over 1%, while Nifty Pharma and Nifty Healthcare fell the most, declining by 0.4% and 0.5%.

Information Technology+0.02%
Oil & Gas+1.33%
PSU Banks+0.15%

Top gainers today

Company NamePrice (₹)Change (%)
ONGC Share price273.555.56
Larsen Share price3,598.701.55
Adani Ports Share price1,403.451.40
Tata Motors Share price987.101.23
Maruti Suzuki Share price12,863.651.15

Top losers today

Company NamePrice (₹)Change (%)
Kotak Mahindra Share price1,720.00-1.47
Divis Labs Share price4,475.45-1.34
Asian Paints Share price2,902.45-1.19
Dr Reddys Labs Share price6,039.25-1.10
Reliance Share price2,913.35-1.00

Market aftermath: Impact on stocks

Railway stocks on the rise

Railway stocks saw significant gains in optimism about policy continuity following the BJP securing a third consecutive term. 

RailTel Corp surged 8.5%, Ircon International also rose by 8.5%, IRFC gained 4.2%, Rail Vikas Nigam added 4.3%, and IRCTC climbed by 4.2%. Investors are positive about the railway sector due to clear earnings visibility and significant capital expenditure plans by Indian Railways.

GAIL shares jump 3%

GAIL India shares rose by 3% to ₹214 after the company announced a ₹60,000 crore investment in a 1,500 KTA ethane cracker project in Madhya Pradesh. 

Morgan Stanley reaffirmed its ‘buy’ rating on the stock, adding to the positive sentiment. Despite a 5.6% revenue decline to ₹32,317 crore and a net profit drop of over 23% for the March quarter, GAIL’s stock has risen nearly 30% in 2024 and more than 100% over the past 12 months.

Suzlon Energy soars 4%

Suzlon Energy’s shares rallied over 4% to ₹49.2 after securing a 103.9 MW order from AMPIN Energy Transition for 33 wind turbine generators in Fatehgarh, Rajasthan. 

The stock has surged over 25% this year, outperforming the Nifty 50 index’s 7% rise. On June 4, 2024, Suzlon shares hit a 52-week high of ₹52.

Crude oil futures decline 

Crude oil futures traded lower as markets awaited supply-demand reports from international agencies. As of Tuesday morning, August Brent oil futures were down by 0.23% to $81.44, and July WTI crude futures fell by 0.14% to $77.63. 

On the Multi Commodity Exchange (MCX), June crude oil futures traded at ₹6481, down by 0.08%, while July futures were at ₹6468, down by 0.06%.


The Indian stock market experienced a mixed performance in today’s session, with the Sensex slightly down and the Nifty marginally up. 

Various sectors exhibited varied performances.  Key stocks like railway companies, GAIL, and Suzlon Energy showed significant movements driven by recent announcements.

Investors are closely watching global cues, the new government’s policies, and upcoming economic events for further market direction. Stay tuned to StockGro for more updates!

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