Nifty PSU Bank, Consumer Durables, Metal, IT, Cement Emerged As Top Gainers
Gaurav Garg,
Research Analyst
Lemonn Markets Desk
Mumbai, 17 June 2026: The Indian stock market ended on a positive note today, with the Nifty 50 closing at 24085.7, up 96.54 points or 0.40%. The session was characterized by a cup and handle index opened at 24044.5, reached a high of 24002.6 and touched a low of 23969.7.The BSE Sensex also climbed, finishing the day at 77155.62. reflecting a gain of 347.13 points or 0.45%.
Sectoral Performance: Sectoral performance was mixed during the session, with Nifty PSU Bank, Consumer Durables, Metal, IT, and Cement emerging as the top gainers, reflecting buying interest in rate-sensitive and cyclical sectors. On the other hand, Auto, Realty, FMCG, Healthcare, and Private Banks witnessed mild profit booking, limiting broader market gains. Despite weakness in select consumption-oriented sectors, strength in PSU Banks, Metals, and IT stocks helped maintain positive market breadth and supported the benchmark indices.
On the fundamental front, market sentiment remained positive as the U.S.–Iran peace agreement continued to ease geopolitical concerns, with crude oil prices trading near $73 per barrel, improving India's macroeconomic outlook. Lower crude prices helped reduce inflationary pressures, supported the rupee, and strengthened earnings expectations across oil-sensitive sectors such as banking, automobiles, aviation, and consumer-focused businesses. Positive global cues, optimism ahead of the U.S. Federal Reserve policy decision, sustained buying in IT stocks, and improving foreign investor sentiment further supported market confidence. However, the Nifty faced resistance around the 24,100 level, leading to some profit booking and restricting further upside. Despite this, broad-based participation across sectors and a favorable risk environment helped the benchmark indices maintain their strength and close the session in positive territory.
