📅 2026-06-18  •  AI Market Narrative

MARKET MOULDERS: Sensex climbs 0.34% on sustained foreign buying, IT stocks weigh.

MARKET MOULDERS: Sensex climbs 0.34% on sustained foreign buying, IT stocks weigh.

The Indian equities market maintained its upward momentum for the fifth consecutive session on Friday, with the Nifty 50 and Nifty 100 indices rising 0.34% and 0.37% respectively.

The gains were led by sustained foreign buying, with FIIs purchasing a net ₹101.59 crore worth of stocks, despite a marginal surge in selling by DII players. The Nifty Bank and Nifty 500 indices, which track the banking and broader market segments, outperformed their larger peers, rising 0.66% and 0.42% respectively, while the Nifty Auto segment trailed behind with a 0.08% gain.

Top Gainers:

  • OLECTRA (Olectra Greentech Limited): +6.55%
  • CDSL (Central Depository Services (India) Limited): +5.51%

Strong momentum behind two stocks propelled them to the top. The two stocks have been on an upswing recently with a few promising projects lined up. Institutional buying seems to be a factor, with several key investors increasing their holding in these companies. This trend may indicate a sustained growth trajectory for these companies.

Biggest Losers:

  • NIFTY IT (-1.19%)

The IT sector underperformed the broader market, weighed down by a sell-off in IT stocks. Companies with lower market capitalization, saw significant selling pressure. The IT index declined 1.19% due to weak quarterly results. This downtrend indicates market participants' concerns about the impact of high inflation, recession fears, and increased borrowing costs on the sector's growth.

We can also see that DII's selling pressure increased in this sector as these institutional players might be positioning for a correction. In the current market scenario, we may see a potential buying opportunity in this sector but should be cautious before diving in. This sector will be closely watched next week for any positive or negative news which may impact investor sentiment.

Sector Trends:

  • NIFTY BANK (+0.66%): Despite some volatility, the banking index continued its strong run fueled by sustained buying from FIIs.
  • NIFTY PHARMA (+0.56%): The pharma sector witnessed buying interest from institutional players, possibly anticipating improved demand from the growing healthcare industry.

Looking ahead to the next trading session, we should be watching the IT sector, as any significant movement in this segment could have a ripple effect on the broader market. With the RBI's monetary policy review around the corner, investors will closely watch the governor's statement for any signs of rate cuts or hikes. Additionally, the Indian government's efforts to boost economic growth through fiscal policies will be a key focus area. With all these factors in play, the market is poised for another exciting day tomorrow.

This is an AI-generated market summary for informational purposes only. Not investment advice.