{"id":6349,"date":"2026-06-22T16:42:46","date_gmt":"2026-06-22T11:12:46","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=6349"},"modified":"2026-06-22T16:42:48","modified_gmt":"2026-06-22T11:12:48","slug":"bulls-charge-back-sensex-surges-291-points-nifty-reclaims-24100-milestone-as-global-oil-slide-triggers-market-rebound","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/bulls-charge-back-sensex-surges-291-points-nifty-reclaims-24100-milestone-as-global-oil-slide-triggers-market-rebound\/","title":{"rendered":"Bulls Charge Back: Sensex Surges 291 Points, Nifty Reclaims 24,100 Milestone as Global Oil Slide Triggers Market Rebound"},"content":{"rendered":"\n

The domestic equity markets staged a resilient turnaround, brushing off last week’s late corrections. Indian benchmark indices rode a wave of positive global cues to post healthy gains, with the NSE Nifty 50 comfortably crossing the crucial 24,100 psychological threshold.<\/sup><\/p>\n\n\n\n

At the closing bell, the BSE Sensex climbed 291.17 points, or 0.38%, to settle at 77,094.07<\/strong>. Simultaneously, the NSE Nifty 50 index wrapped up the day at 24,102.90, up 89.80 points, or 0.37%<\/strong>.<\/sup> The intraday action painted a picture of steady, range-bound accumulation as bulls consistently defended lower levels, signaling strong structural underlying support.<\/p>\n\n\n\n

Global Tailwinds: Easing Geopolitics and Sliding Crude Oil<\/h2>\n\n\n\n

The primary catalyst driving today\u2019s market rejuvenation was a noticeable cool-off in international energy markets.<\/sup> Brent crude prices slid roughly 1.5% to hover around $79.36 per barrel<\/strong>.<\/sup> This decline underpins immense relief for import-dependent economies like India, lowering structural inflation risks and improving corporate profit margins across energy-intensive sectors.<\/p>\n\n\n\n

Sentiment across Dalal Street was further fortified by major diplomatic breakthroughs. Reports emerging from the Swiss resort of B\u00fcrgenstock pointed to tangible progress in U.S.\u2013Iran negotiations. The framework roadmap aimed at defusing months of persistent frictions in West Asia injected structural confidence back into global trade routes and emerging market equities. Furthermore, strong institutional momentum from late last week\u2014bolstered by a hefty Foreign Institutional Investor (FII) net inflow of \u20b94,859.07 crore\u2014kept domestic market liquidity highly supportive.<\/sup><\/p>\n\n\n\n

Sectoral Playbook: Pharma and Tech Lead, FMCG Drags<\/h2>\n\n\n\n

Market breadth favored the advancing side heavily, showing broad-based participation beyond just the core heavyweights.<\/sup> Over 200 stocks tapped fresh 52-week highs on the BSE during intraday trade.<\/p>\n\n\n\n

Sector<\/strong><\/td>Performance Index<\/strong><\/td>Key Driving Factors<\/strong><\/td><\/tr><\/thead>
Nifty Pharma & Healthcare<\/strong><\/td>Top Gainer<\/strong><\/td>Led by massive buying blocks in Cipla and Dr. Reddy’s following highly optimistic structural clearance expectations from the USFDA.<\/td><\/tr>
Nifty IT<\/strong><\/td>Advanced ~0.75%<\/strong><\/td>Upbeat spillover effects from Wall Street’s semiconductor rally, pushing Tech Mahindra and Infosys upward.<\/td><\/tr>
Nifty FMCG & Consumer Durables<\/strong><\/td>Sole Laggards<\/strong><\/td>Witnessed standard defensive profit-booking as capital rotated out into high-beta growth pockets.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Among individual index heavyweights, Reliance Industries (RIL)<\/strong> provided substantial heavy lifting.<\/sup> The stock surged over 1.3% following corporate buzz that its telecom flagship, Jio Platforms, officially filed its Draft Red Herring Prospectus (DRHP) with SEBI for a highly anticipated initial public offering (IPO).<\/p>\n\n\n\n

Technical Outlook: What Lies Ahead for Traders?<\/h2>\n\n\n\n

The market close today formed a distinct consolidation structure on the daily charts, settling directly above its key 20-day and 50-day Exponential Moving Averages (EMAs). Technical analysts observe that while the immediate intraday range was relatively compact, the broader multi-week chart patterns cleanly favor the bulls.<\/sup><\/p>\n\n\n\n

Immediate downside padding for the Nifty remains tightly locked in the 23,900 \u2013 24,000 zone<\/strong>, which acts as a foundational base. On the flip side, derivative data shows building resistance and heavy call writing at the 24,200 strike. A decisive, high-volume breakout past the 24,280 barrier could easily extend this tactical leg toward 24,450 in the coming sessions.<\/p>\n\n\n\n

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Whether you want to deploy advanced Options & F&O Trading Strategies \u2013 Eqwires<\/strong> or capture swift overnight gaps with BTST Buy Today Sell Tomorrow Calls by Eqwires<\/strong>, their deep analytical models ensure you stay ahead of the curve. Discover high-alpha Swing Trading Ideas & Profitable Strategies \u2013 Eqwires<\/strong> managed by the Top Stock Market Advisory Services in India \u2013 Eqwires<\/strong>. By blending institutional-grade research with execution, they provide High-Accuracy Market Predictions & Investment Tips \u2013 Eqwires<\/strong>, all backed by a dedicated core of Trusted Stock Market Education & Trading Insights \u2013 Eqwires<\/strong> to systematically elevate your financial journey.<\/p>\n\n\n\n

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The domestic equity markets staged a resilient turnaround, brushing off last week’s late corrections. Indian benchmark indices rode a wave of positive global cues to post healthy gains, with the NSE Nifty 50 comfortably crossing the crucial 24,100 psychological threshold. At the closing bell, the BSE Sensex climbed 291.17 points, or 0.38%, to settle at 77,094.07. Simultaneously, the NSE Nifty 50 index wrapped up the day at 24,102.90, up 89.80 points, or 0.37%. The intraday … Continue reading “Bulls Charge Back: Sensex Surges 291 Points, Nifty Reclaims 24,100 Milestone as Global Oil Slide Triggers Market Rebound”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":6350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-6349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=6349"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6349\/revisions"}],"predecessor-version":[{"id":6351,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/6349\/revisions\/6351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/6350"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=6349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=6349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=6349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}