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Below the Quote on Post market comment by Mandar Bhojane, Research Analyst, Choice Broking

Indian benchmark indices ended on a flat note in a volatile session on June 19. The Sensex was up 36.45 points, or 0.05 percent, at 77,337.59, while the Nifty was down 41.90 points, or 0.18 percent, at 23,516.00.

After a volatile session, the Nifty reached an all-time high of 23,664 before settling at 23,516, forming a bearish engulfing pattern. If the price closes above the 23,600 level, it could further rise to the 23,800 and 24,000 levels. Conversely, the 23,400 and 23,300 levels will act as immediate support.

Among sectors, except for banking (up 2 percent) and IT (up 0.4 percent), all other indices ended in the red, with auto, capital goods, metal, oil & gas, power, and realty down 1-3 percent. Top Nifty gainers included HDFC Bank, Axis Bank, ICICI Bank, IndusInd Bank, and Kotak Mahindra Bank, while losers were Titan Company, Maruti Suzuki, L&T, Hindalco, and Bharti Airtel.

The India VIX, which measures market volatility, rose by 5.77 percent intraday, settling at 13.7125, indicating reduced market fear. Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 23,800 and 24,000 strike prices. On the put side, the highest OI was at the 23,000 strike price.

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