Stock Market Live Updates 28 June 2024: Sensex and Nifty surge to new highs; Pharma stocks lead gains

Sensex, Nifty, Share Prices LIVE: June saw robust gains, with the Nifty and Sensex rising by approximately 7%, setting a positive tone as the month concluded and July began. Analysts anticipate continued bullish momentum, shifting focus to the upcoming Union Budget in July. Early trading shows the 30-share BSE Sensex climbing 193.72 points to 79,436.90 and the NSE Nifty gaining 70.30 points to 24,114.80. Market sentiment remains upbeat amidst expectations of substantial foreign inflows following JPMorgan’s inclusion of India’s sovereign debt in its emerging markets index. Ajit Mishra of Religare Broking emphasises sector rotation supporting steady index growth, highlighting the potential for Nifty to test 24,500. As investors strategise for potential dips, Trivesh D from Tradejini notes strong momentum in large-cap banking and telecom stocks. Analysts caution on temporary overbought conditions, but project support levels and resistance zones are conducive to market bulls.