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Below the Quote on Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking 

Indian benchmark indices rallied for the third consecutive session on June 27, with the Nifty crossing 24,000 for the first time ever, supported by Information Technology and energy names. At close, the Sensex was up 568.93 points or 0.72 percent at 79,243.18, and the Nifty was up 175.70 points or 0.74 percent at 24,044.50.

The Nifty Bank index also hit a fresh record high of 53,180.75. After a weak start, the market erased opening losses in the initial hours and extended the gains as the day progressed to hit fresh milestones.

Heavyweight Reliance and IT counters led the rally, helping the index to extend its journey towards the north and end the session at a record level of 24,044.50 with gains of 175.70 points. On the daily chart, Nifty formed its 4th strong bullish candle, indicating a strong bullish trend, and may further go up to the 24,250 and 24,500 levels. On the flip side, 23,700 and 23,600 act as immediate support levels.

Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 24,500 and 25,000 strike prices. On the put side, the highest OI was at the 23,800 strike price.

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