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Nifty ends higher for fourth straight session

17 Jun 2026 Evaluate

Nifty extended its rally for fourth consecutive day and ended higher on Wednesday ahead the U.S. Federal Reserve’s policy decision. Index made slightly positive start amid mixed cues from other Asian Markets. Soon, index gained traction and remained in green terrain till the end of the session. Traders took some encouragement with Ministry of External Affairs’ statement that India and Canada have agreed to conclude negotiations for a free trade agreement by the year-end as Prime Minister Narendra Modi held wide-ranging talks with his Canadian counterpart Mark Carney on boosting ties in areas of defence, trade and energy. Besides, Commerce Ministry’s data showed that the share of services in India's total exports increased from 33.8% in FY15 to 48.8% in FY26. This growth was driven by the rapid expansion of the IT sector, growth in global capability centres (GCCs), and a post-pandemic shift towards digital delivery of services. Finally, Nifty ended higher with gain of 0.40%.

Traders were seen piling up positions in Consumer Durables, PSU Bank and Metal stocks, while selling was witnessed in Auto, Realty and FMCG. The top gainers from the F&O segment were Trent, Bharat Dynamics and Cochin Shipyard. On the other hand, the top losers were Tata Motors Passenger Vehicles, BSE and Colgate Palmolive (India). In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.30% and reached 13.19. The 50 share Nifty up by 96.55 point or 0.40% to settle at 24,085.70.

Nifty June 2026 futures closed at 24089.90 (LTP) on Wednesday, at a premium of 4.20 points over spot cl

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