Post Market Analysis | 22 June, 2026

Today's session was another steady one for the market. There was no big excitement, but buyers managed to keep Nifty above 24,000 and push it slightly higher by the close. That's now several sessions where the market has held on to gains instead of giving them up quickly. The strength was visible across the board. Midcaps and Smallcaps closed higher, advances comfortably outnumbered declines, and most sectors ended in green. Defence, Pharma, Healthcare and Media stocks led the gains, while Consumer Durables and FMCG were the only notable laggards. One thing that stood out today was Pharma and Healthcare. Money seems to be moving back into these sectors as investors look for areas that have not participated as much as some of the high-flying themes in recent months. The good news continues to come from crude oil. Brent is now trading below $79, which is a huge relief compared to the concerns we had when oil was moving towards $100. Lower crude prices continue to support the overall market. The rupee, however, remains something to watch. USD/INR moved back towards 94.7 today. It is still better than the recent highs above 95, but the currency is not fully out of the woods yet. From a market structure point of view: • Nifty is holding comfortably above 24,000 • Midcaps and Smallcaps continue to participate • Market breadth remains healthy • Sector participation is broad, not limited to a few stocks Tomorrow, traders will keep an eye on global markets, crude oil and any fresh developments from the US technology space after the recent volatility in IT stocks. For now, the market is doing a simple thing - holding gains, attracting buying across sectors and slowly moving higher. That's usually a healthier sign than a sharp one-day rally.