Nifty50 finishes June F&O series up 7%, Nifty Bank soars 8.5%: Key takeaways as market prepares for July

Domestic equity benchmarks saw significant gains in the June derivatives (futures and options) series with the 50-blue-chip Nifty index adding 1,555.9 points - or 6.9 per cent - to both cross and close above the psychologically important 24,000 mark on Thursday, June 27. The leaner, 30-scrip Sensex index gained 5,357.6 points - or 7.3 per cent - during this period. The monthly series contained significant events such as the counting of votes under the 2024 general election and a bi-monthly policy review by the RBI Governor-led Monetary Policy Committee. 

Here are 10 things to know about the June series, which began on May 31 and ended on June 27: 

• Financial, IT, consumer, auto and realty stocks were at the forefront of the breakneck rally during the 18 trading sessions of the monthly series.
• As many as 42 stocks in the Nifty50 universe rose during the period. 
• Shriram Finance (up 28.5 per cent), UltraTech (up 19.1 per cent), Wipro (up 16.8 per cent), Mahindra & Mahindra (up 15.7 per cent), Tech Mahindra (up 15.3 per cent), LTIMindtree (up 12.4 per cent) and Grasim (up 12.4 per cent) were the top gainers. 
• HDFC Bank, Axis Bank, Infosys, HCLTech and ICICI Bank - rising between 9.2 per cent and 12 per cent - were also among the gainers.

• On the other hand, HDFC Life (down 60.8 per cent), BPCL (down 51.1 per cent) and Maruti Suzuki (down 3.3 per cent) were the top laggards.

• The Nifty Bank - whose 12 constituents include major commercial banks including State Bank of India (SBI), HDFC Bank and ICICI Bank - soared 4,129 points (8.5 per cent) in the June series. 
• Among other sectoral gauges on NSE, the Nifty Realty was the top gainer with a surge of 10.3 per cent. 

• The Nifty IT registered the second best gain among the sectoral indices, rising 10.1 per cent. 

• The Nifty Consumer Durables, the Nifty Private Bank and the Nifty Financial Services gained around 9-10 per cent each.

• Broader indices, however, underperformed their headline counterparts, with the Nifty Midcap 100 and the Nifty Smallcap 100 falling 7.2 per cent and 8.5 per cent, respectively.

• Historically, the Nifty50 finished the July series on a positive note in seven out of the past 10 times. 

Catch all the highlights of the June 27 trading session here. For all other news related to business, market, tech and auto, visit Zeebiz.com.