Indian equity markets extended losses for a second consecutive session on Wednesday, June 24, 2026, as continued global tech weakness weighed on IT stocks. The BSE Sensex declined 432 points to close at 75,768 while the NSE Nifty 50 slipped to 23,816. However, defensive buying in pharma and FMCG prevented a sharper fall.
📊 Market Close — June 24, 2026
| Index | Close | Change | % |
|---|---|---|---|
| BSE Sensex | 75,768 | −432 | −0.57% 🔴 |
| NSE Nifty 50 | 23,816 | −278 | −1.16% 🔴 |
| Bank Nifty | 56,620 | −826 | −1.44% 🔴 |
| Nifty IT | 26,624 | −506 | −1.87% 🔴 |
| Nifty Pharma | 25,343 | +151 | +0.60% 🟢 |
| Nifty FMCG | 49,521 | +132 | +0.27% 🟢 |
| India VIX | 16.84 | −0.64 | −3.66% 🟢 (fear easing) |
📈 Top Gainers
- 🟢 Sun Pharma: +1.4%
- 🟢 Cipla: +1.1%
- 🟢 HUL: +0.9%
- 🟢 LIC: Supported ahead of ₹10 dividend record date June 25
📉 Top Losers
- 🔴 Infosys: −2.3% (3rd consecutive session of selling)
- 🔴 TCS: −1.8%
- 🔴 Wipro: −1.6%
- 🔴 HDFC Bank: −1.2% (Bank Nifty drag)
- 🔴 SBI: −0.9%
💰 FII DII Data — June 24, 2026
| Investor | Cash Segment | Trend |
|---|---|---|
| FII/FPI | −₹749.18 crore | Net sellers 🔴 |
| DII | +₹892.24 crore | Net buyers 🟢 |
DII absorption remains the key market support — domestic institutions stepped in to absorb FII selling for the 3rd consecutive session.
🌍 Why Markets Are Falling — Key Reasons
- Global IT weakness ongoing: US tech stocks fell again overnight. Nasdaq -0.8%. The Accenture guidance cut continues to weigh on Indian IT — Nifty IT down 5.8% in 3 sessions
- South Korea KOSPI recovery slow: Korean market still under pressure after yesterday’s 9% crash — Asian sentiment cautious
- Monsoon delay: IMD data shows southwest monsoon lagging — food inflation risk rising
- LIC Dividend Record Date tomorrow: Some profit booking ahead of ex-date
🏦 LIC Dividend — ₹10 Per Share Record Date June 25
LIC’s ₹10/share dividend record date is tomorrow June 25. Investors on record by end of June 25 will receive the dividend. LIC stock has been relatively resilient — consider buying today for dividend eligibility if not already holding. Ex-date effect may cause a ₹10 price drop on June 26.
📐 Technical Levels — June 25 Setup
| Nifty 50 | Bank Nifty | |
|---|---|---|
| Critical Support | 23,700 | 56,000 |
| Strong Support | 23,500 | 55,000 |
| Resistance 1 | 24,000 | 57,200 |
| Resistance 2 | 24,200 | 57,800 |
Strategy: Market in short-term downtrend. India VIX at 16.84 (falling from 17.48) suggests fear is easing. Watch 23,700 Nifty support — bounce possible if US markets stabilise tonight. Avoid fresh long positions until Nifty reclaims 24,000.
🔮 Thursday June 25 Outlook
- LIC record date — watch for last-minute buying
- Bajaj Auto buyback record date — stock support expected
- US markets overnight — critical for IT sector direction
- IMD monsoon update — watch for revival signal
- Gift Nifty futures (track pre-market for early direction)
Disclaimer: For informational purposes only. Not investment advice. Consult a SEBI-registered advisor.
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