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Sensex, Nifty close higher as FMCG, IT and realty lead; Nifty nears 24,000

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Indian benchmark indices ended firmly higher on June 16, with the Sensex up about 736 points and the Nifty adding 231 points to settle near 23,850, as FMCG, IT and realty stocks led the advance.

By Super Admin
June 16, 20261 Minute Read
Sensex, Nifty close higher as FMCG, IT and realty lead; Nifty nears 24,000

Indian equity benchmarks closed higher on Monday, June 16, 2026, with broad-based buying in FMCG, IT and realty shares lifting the headline indices, even as metal stocks lagged.

The BSE Sensex advanced about 736 points, or 0.97%, to close at 76,264.33, while the NSE Nifty 50 gained roughly 231 points, or 0.98%, to settle at 23,853. The Nifty ran into resistance near the psychologically important 24,000 mark.

Sector moves

Gains were led by realty, FMCG and IT counters, which held firm through the session, while metal stocks extended losses and capped the broader advance.

What drove the market

Sentiment was shaped by the outlook for US Federal Reserve policy ahead of the FOMC meeting, along with movements in crude oil, the rupee, and key technical resistance levels. A sharp fall in global crude prices provided an additional tailwind for Indian equities.

Sources: Goodreturns, HDFC Sky and NewsOnAir market reports.

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