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What happened in the Indian stock market today?

On 20 June 2024, the Indian benchmark indices Sensex and Nifty 50 closed in positive territory following volatile trading.

Over 200 stocks hit their 52-week highs on the BSE, including Shriram Finance, JSW Steel, Bharat Forge, and L&T Finance. The Nifty Midcap 100 climbed 0.95%, and the Nifty SmallCap 100 was up 0.61%, outperforming the main indices. The India VIX, measuring market volatility, closed 2.68% lower on Thursday.

Impact on the stock market

On the sectoral front, Nifty Metal(+1.82%), Realty(+2.02%), Private Banks(+1.16%), Financial Services(+0.40%), Oil & Gas(+0.92%), and Consumer Durables(+0.14%) ended in the green, while Nifty Auto(-0.45%), PSU Bank(-0.27%), and Pharma(-0.51%) closed in the red. 

Nifty IT(+0.03%) and FMCG(+0.04%) ended flat.

Information Technology+0.03%
Oil & Gas+0.92%
PSU Banks-0.27%

Top gainers today

CompanyPriceChange (%)
Hindalco share price676.50+2.13%
Grasim share price2,498.80+2.11%
BPCL share price626.25+1.70%
JSW Steel share price929.65+1.61%
Adani Ports share price1,469.40+1.45%

Top losers today

CompanyPriceChange (%)
Hero Motocorp share price5,504.60-2.53%
Sun Pharma share price1,471.00-2.19%
M&M share price2,871.20-2.14%
NTPC share price357.65-1.34%
Wipro share price490.40-1.08%

Market aftermath: Impact on stocks

Vedanta soars 7% on ₹1,000 crore NCD fundraising approval

Vedanta shares surged nearly 7% to ₹479 on Thursday after the company approved plans to raise ₹1,000 crore via non-convertible debentures (NCDs). Vedanta will issue up to 1 lakh NCDs of ₹1 lakh each, listed on the BSE. 

The stock has soared 85% year-to-date and 83% this year, driven by a proposed demerger to separate its six core businesses. The demerger aims to unlock shareholder value and improve operational efficiency, with completion expected by the fiscal year’s end.

Rashtriya Chemicals and Fertilisers (RCF) surges 20%

Rashtriya Chemicals and Fertilisers (RCF) surged 20% to hit its upper circuit after block deals worth Rs 257 crore on June 20. Approximately 1.2 crore shares, constituting 2.1% equity, were traded at an average price of Rs 221 per share. 

RCF’s stock closed at Rs 220.65, up 19.1% from previous levels but slightly off its peak of Rs 222.26. Fertiliser stocks, including NFL and Chambal Fertilisers, also rose up to 20%, buoyed by expectations of GST exemption.

Blue Dart stock rises 2.5% on drone delivery pact with Skye Air

Shares of Blue Dart Express climbed 2.5% to Rs 8,049 apiece on June 20 as it launched drone deliveries with Skye Air. However, the stock settled marginally up by 0.4% at Rs 7,878 by midday. Over the past 3 months, the logistics provider’s stock surged over 40%, outpacing the Nifty 50’s 7% rise. Blue Dart recently hit a 52-week high of Rs 8,194 on June 14, 2024, reflecting investor optimism.

Crude oil futures rise

Brent crude oil futures edged higher on Thursday morning amid escalating tensions in the West Asia region. At 9:31 am, August Brent oil futures were at $85.08, up 0.01%, while August WTI crude oil futures were at $80.48, down 0.20%. 

On the Multi Commodity Exchange (MCX), July crude oil futures traded at ₹6720, down 0.19% from the previous close of ₹6733, and August futures traded at ₹6690, down 0.16% from ₹6701.


In summary, June 20 marked a positive close for Indian markets despite volatility. Sensex and Nifty 50 ended higher, with over 200 stocks hitting 52-week highs. 

Notable gains included MapmyIndia’s surge driven by strong growth projections, Vedanta’s rise following NCD approval, and Goa Carbon’s stock jump post-launch of gcarb+. Crude oil futures fluctuated amid geopolitical tensions. 

Stay tuned to StockGro for ongoing market updates and insights.

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