Final deal (June 17): Sensex fell 213 minutes, Nifty closed at 23,853; Metals, pharmaceutical top drag

The benchmark index ended Tuesday at the red meeting as investors became cautious before the U.S. Federal Reserve’s interest rate decisions and geopolitical tensions in the Middle East escalated. Nifty50 fell 93 points to settle at 24,853, while Sensex fell 212 points to close 81,583. Market breadth and low index based on wide sales, especially in pharmaceutical, automotive and energy inventory. Only 11 beautiful stocks ended in green, and Tech Mahindra topped the list.

It lowers the trend

Its indexed beautiful Nifty stands out, the only profiter, gets the strength of stocks like Tech Mahindra, Infosys, TCS and HCL Tech. By contrast, most have pharmaceutical, oil and gas, metals, real estate and PSU banking indexes see sales in 0.5% to 2% of the sectors.

Top porters

Among the Nifty 50 lags are Adani Enterprises, Dr. Reddy’s lab, Sun Pharma, Tata Motors and Eternal. On the other hand, Tech Mahindra, Infosys, Asian Paints, TCS and Maruti Suzuki provide some support for this index.

The broader market is underperforming

The mid- and small-cap segments also face calories, with the BSE mid- and small-cap indexes both down 0.5%, indicating a full-scale profit.

Overall, the market is struggling to find directions in amid global clues and cautious investor sentiment, which is a lonely highlight.

Technical Analysis

“Soft rupee trading has created pressure on the currency due to rising risk sentiment in Israel-Iran. Weakness in capital markets represents a potential FII outflow, increasing pressure on the rupee. In addition, crude oil prices have risen. In addition, tensions near the Hormis Strait may harm tensions between supply. 86.55,” said Jateen Trivedi, LKP Securities by-Commodity and Currency Research.