Stock Market Today June 20:

On Thursday, the Indian stock market showed mixed performance. The benchmark Nifty 50 index closed slightly lower at 24,793.25, marking a drop of 0.08%, while Bank Nifty fell by 0.45% to 55,577.45. Most sectoral indices, including Metals, Realty, and Oil & Gas, also ended lower. Mid- and small-cap stocks saw a sharper decline of up to 2%.

Stock Market Today June 20:

According to market experts, Nifty is stuck in a narrow range, showing indecisiveness. If it remains below 24,850, the market sentiment could remain weak. The next support level is around 24,550. For Bank Nifty, a breakout above the 56,000 mark is essential for upward movement.

Global Influences

Market volatility is also linked to rising global tensions, especially the Israel-Iran conflict, as well as concerns over possible US tariffs and the latest statements from the US Federal Reserve.

Expert Stock Recommendations for 21 June

Picks by Sumeet Bagadia (Choice Broking):

1. Wipro Ltd – Buy at ₹265.60, target ₹285, stop loss ₹256

2. Eicher Motors Ltd – Buy at ₹5493.5, target ₹5880, stop loss ₹5300

Picks by Ganesh Dongre (Anand Rathi):

3. Axis Bank – Buy at ₹1218, target ₹1250, stop loss ₹1190

4. Federal Bank – Buy at ₹203, target ₹215, stop loss ₹197

5. Tata Chemicals – Buy at ₹910, target ₹945, stop loss ₹890

Picks by Shiju Koothupalakkal (Prabhudas Lilladher):

6. Sterlite Technologies – Buy at ₹107, target ₹116, stop loss ₹104

7. Aegis Logistics – Buy at ₹800, target ₹840, stop loss ₹782

8. MTAR Technologies – Buy at ₹1719, target ₹1800, stop loss ₹1684

Disclaimer: These stock suggestions are based on analysts’ views. Please consult a certified financial advisor before making any investment decisions.

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