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Capital Investo Research

18th Jun · SEBI-Registered Analyst

Sensex Today | Market Update: Indices Trade Range-Bound; Citi Upgrades FY27 India GDP Growth Forecast to 6.9%

Indian benchmark indices surrendered their early gains and traded in a narrow range amid volatile market conditions, with the Nifty hovering near 24,080. Key Highlights: Sensex and Nifty remained largely flat after a cautious start to the session. Top Gainers: $MAXHEALTH , $EICHERMOT , $TRENT , $HDFCBANK , and $BEL led the advances on the Nifty. Top Losers: $INFY , $GRASIM , $ULTRACEMCO t, $KOTAKBANK , and $ETERNAL l came under selling pressure. Sector Performance: IT Index declined around 0.5%. Media Index gained nearly 1%, outperforming other sectors. Broader Markets: Nifty Midcap Index advanced 0.2%. Nifty Smallcap Index rose 0.4%, indicating sustained investor interest in broader market stocks. Market Sentiment: Markets witnessed heightened volatility as investors balanced profit booking in select heavyweight stocks against optimism stemming from Citi's upward revision of India's FY27 GDP growth forecast to 6.9%. Strength in midcap and smallcap segments reflected continued confidence in the broader market. Summary: Benchmark indices traded flat amid volatility, with gains in select healthcare, auto, and banking stocks offset by weakness in IT and cement counters, while midcap and smallcap stocks maintained positive momentum. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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