Sensex Soars Over 800 Points, Nifty Reclaims 24,000 as IT and Banking Stocks Lead Market Rally

Indian stock markets witnessed a strong rally on June 24, 2026, with the Sensex soaring more than 800 points and the Nifty 50 reclaiming the crucial 24,000 mark. The sharp upmove was driven primarily by strong buying in IT stocks, banking shares, and select large-cap financial companies, helping benchmark indices recover despite weakness in metals and auto stocks.

The rally reflects improving investor sentiment amid easing global concerns, selective institutional buying, and strength in heavyweight sectors.

Sensex and Nifty Rally Sharply

Indian benchmark indices traded firmly in positive territory throughout the session.

Market Snapshot

Index	Level
Sensex	Up Over 800 Points
Nifty 50	Above 24,000
Market Trend	Bullish
Key Drivers	IT, Banking, Financial Stocks

The market rally was broad-based among large-cap stocks, although participation remained selective across sectors.

IT and Banking Stocks Drive Market Gains

The biggest contribution to the rally came from information technology and banking stocks, which witnessed strong institutional buying.

Among the major contributors were:

• ICICI Bank
• Infosys
• Trent
• Major private banking stocks
• Select large-cap IT companies

The strength in these sectors helped offset weakness in other segments of the market.

Leading Sectors

Sector	Trend
Information Technology	Strong Positive
Private Banks	Positive
Financial Services	Positive
Pharma	Positive
FMCG	Mixed

Metals and Auto Stocks Remain Under Pressure

While benchmark indices rallied strongly, some sectors continued to face selling pressure.

Weak Performing Sectors

Sector	Trend
Metals	Negative
Auto	Negative
Media	Negative
Select PSU Stocks	Weak

Investors remained cautious in cyclical sectors amid concerns surrounding global growth and commodity demand.

Tata Motors Shares Jump on Growth Outlook

One of the notable movers during the session was Tata Motors, which gained nearly 5% after management provided strong growth guidance.

Tata Motors Performance

Particulars	Details
Stock Gain	Nearly 5%
Key Trigger	Growth Guidance
Investor Sentiment	Positive

The move provided additional support to overall market sentiment despite broader weakness in the automobile sector.

Trent Shares Rise Following AGM Commentary

Trent Limited, a Tata Group retail company, surged more than 4% after comments made by Noel Tata during the company's Annual General Meeting.

The stock emerged among the top gainers within the Sensex pack.

Trent Stock Movement

Parameter	Value
Gain	Over 4%
Trigger	AGM Commentary
Market Reaction	Positive

Textile Stocks Rally on FTA Optimism

Textile companies witnessed strong buying interest after brokerages turned bullish on the sector.

Analysts cited:

• Improving global demand
• Falling inflation pressures
• India-UK trade agreement opportunities
• Potential India-EU trade benefits
• Better export competitiveness

Textile Sector Outlook

Growth Driver	Impact
Export Demand Recovery	Positive
UK Trade Deal	Positive
EU Trade Opportunities	Positive
Lower Inflation	Positive

Several textile stocks emerged among the top performers during the trading session.

Global Markets Remain Mixed

While Indian markets rallied sharply, global markets delivered a mixed performance.

Global Market Performance

Market	Performance
Japan Topix	-0.3%
Australia ASX 200	+0.2%
Hong Kong Hang Seng	-0.2%
Shanghai Composite	-0.4%
S&P 500 Futures	Flat

Global investors continue to monitor interest rate expectations, AI-sector valuations, and geopolitical developments.

Rupee Weakens Despite Lower Crude Oil

The Indian Rupee weakened slightly against the US Dollar despite lower crude oil prices and modest foreign inflows.

Currency Update

Parameter	Value
USD/INR	94.86
Daily Change	-10 Paise
Key Pressure	Strong US Dollar

Analysts believe the rupee may continue to trade cautiously amid global currency volatility.

Key Stocks in Focus

Several stocks remained active during the session due to corporate developments.

Major Corporate Updates

Company	Development
Tata Motors	Strong growth guidance
Trent	AGM-driven rally
Equitas Small Finance Bank	Fundraising plans announced
Rashi Peripherals	Acquisition announcement
Honasa Consumer	Stake acquisition deal
IRFC	OFS-related decline

Technical Outlook for Nifty

Market experts believe the index has entered a short-term recovery phase.

Key Technical Levels

Level	Importance
24,000	Psychological Resistance Cleared
24,100–24,150	Near-Term Target Zone
23,780	Immediate Support
23,600	Major Support

A sustained move above 24,000 could improve sentiment further and attract additional buying interest.

What Is Driving Today's Rally?

Several factors appear to be supporting the market recovery:

• Strong buying in IT and banking stocks
• Improved risk appetite among investors
• Easing concerns over crude oil prices
• Positive domestic economic outlook
• Selective institutional inflows

The rally also comes after recent market volatility linked to geopolitical tensions and global technology stock corrections.

Key Highlights

• Sensex rallies more than 800 points
• Nifty 50 reclaims the 24,000 level
• IT and banking stocks lead gains
• ICICI Bank, Infosys and Trent among top contributors
• Tata Motors rises nearly 5%
• Textile stocks rally on export optimism
• Metals and auto stocks under pressure
• Global markets remain mixed
• Rupee weakens to 94.86 against the US Dollar

Conclusion

Indian equity markets staged a powerful recovery on June 24, 2026, as strong buying in IT, banking, and financial stocks pushed the Sensex higher by over 800 points and helped the Nifty reclaim the 24,000 mark. While broader market participation remained selective, improving sentiment, strong sectoral leadership, and positive domestic cues have strengthened the short-term outlook. Investors will now closely watch global market trends, institutional flows, and upcoming economic data for further direction.

Why did the Sensex rise over 800 points today?

The rally was primarily driven by strong buying in IT stocks, banking shares, and financial companies.

Which sectors performed best?

Information Technology, Private Banking, and Pharma stocks were among the top-performing sectors.

Which stocks contributed most to the rally?

ICICI Bank, Infosys, Trent, and Tata Motors were among the major contributors.

What level did Nifty cross today?

The Nifty 50 reclaimed the 24,000 mark, a key psychological level for investors.

What is the near-term outlook for Nifty?

Analysts believe a sustained move above 24,000 could push the index towards the 24,100–24,150 zone in the short term.