Stock Market News Today Live Updates:Nifty Sees Support At 24,100, Bank Nifty At 57,800 Amid F&O Expiry; Sensex Little Changed

South Korea's KOSPI has slipped more than 8% intraday for the second time this month, triggering temporary trading halt

• Asian markets slip further in mid-Day trade 
• All major Asian indices down over 1% each 
• South Korea's KOSPI extends slump to 8.3%, Triggers circuit breaker
• KOSPI hits lower circuit, trading halted for 20 minutes 
• KOSPI down over global tech selloff 
• Nikkei extends loss, now down 2% 
• Hang Seng at day's low, slips 1.5% 

• Vodafone Idea continued to witness active derivatives participation ahead of the new series.
• The stock recorded open interest of nearly 75,000 contracts in the near-month futures series, while options activity remained concentrated around the Rs 14, Rs 15 and Rs 16 strikes.
• The Rs 15 strike emerged as one of the most active contracts, with traders building positions on both the Call and Put side.
• The activity indicates traders are positioning for continued movement in the telecom stock as it remains among the most actively traded names in the F&O segment.

• Large-cap stocks dominated rollover activity ahead of the new derivatives series, indicating traders continue to carry substantial positions into the next contract cycle.
• HDFC Bank held open interest of more than 5.69 lakh contracts with a rollover percentage of 19.94%, while Reliance Industries recorded 19.72%.
• TCS, Infosys and Axis Bank also featured among the most active counters in rollover activity.
• The rollover data suggests market participants are maintaining exposure to heavyweight stocks rather than aggressively cutting positions before the new series begins.

• Information technology stocks continued to witness strong rollover activity into the June derivatives series even as the sector remained under pressure.
• Tata Consultancy Services recorded a rollover percentage of 22.64%, while Infosys stood at 21.64%. Wipro's rollover percentage was even higher at nearly 98%, reflecting traders' willingness to carry positions forward despite recent weakness.
• Among frontline stocks, HDFC Bank recorded a rollover percentage of 19.94%, Reliance Industries 19.72% and Axis Bank 17.09%.
• The data suggests traders remain engaged in large-cap technology counters despite the sharp decline seen in the sector over recent sessions.

Options positioning suggests:

• Nifty Support: 24,100
• Nifty Resistance: 24,200
• Bank Nifty Support: 57,800
• Bank Nifty Resistance: 58,000
• Key Expiry Magnet: 58,000 on Bank Nifty

With today being weekly Nifty F&O expiry, the concentration of both fresh additions and outstanding open interest around these strikes suggests traders expect expiry action to remain centred around the 24,100–24,200 zone on Nifty and the 57,800–58,000 range on Bank Nifty.

Vedanta topped the fresh shorts screen, with prices falling sharply while open interest rose more than 70% in the July contract.

Other counters witnessing fresh short creation included:

• Hindustan Zinc
• Dixon Technologies
• MCX
• JSW Energy
• LTIMindtree
• TCS
• Infosys
• Oil India

The trend points to selective bearish positioning despite the broader market holding near support zones.

Stocks witnessing price gains alongside a decline in open interest included:

• NTPC
• Trent
• Britannia
• SBI
• Eternal
• LT
• ICICI Bank
• UPL

The setup indicates short-covering activity.

Kalyan Jewellers featured prominently in the liquidation list as prices declined while open interest reduced.

Other stocks witnessing long unwinding included:

• Kaynes Technology
• Hyundai Motor India
• Ambuja Cements
• Union Bank
• Coal India
• Tata Elxsi

The trend suggests profit booking and closure of existing long positions.

Torrent Pharmaceuticals topped the accumulation screen as prices rose alongside an increase in open interest.

Other stocks witnessing fresh long positions included:

• SRF
• Divi's Laboratories
• Biocon
• Glenmark
• Alkem
• Cipla
• Laurus Labs

The pattern signals fresh bullish bets in select pharma counters.

Among heavily traded stocks, Wipro continues to witness one of the strongest derivative build-ups.

Key names by total OI growth include:

• Wipro: 231.46%
• PI Industries: 200.31%
• Persistent Systems: 160.43%
• Naukri: 128.63%
• ONGC: 121.16%
• TCS: 118.90%

• Nifty Fin Service's total open interest has jumped 1,128.44% since the previous expiry, the highest among tracked indices.
• The sharp increase reflects strong activity in the financial-services derivatives segment.

• Nifty Mid Select has gained 9.52% since the previous expiry while total open interest has risen 199.95%.
• The combination suggests traders continue to favour mid-cap exposure.

• Bank Nifty's total open interest has increased 131.30% since the previous expiry to 16.02 lakh contracts, while the index is down 0.52%.
• The build-up highlights sustained participation in banking derivatives.

• Nifty has declined 7.01% since the previous expiry, while total derivative open interest has surged 205.80% to 1.46 crore contracts.
• The rise points to aggressive positioning despite weakness in the benchmark index.

Open interest distribution highlights:

• Highest Call OI: 58,000 strike
• Highest Put OI: 58,000 strike
• Significant Put OI: 57,500 strike

The concentration of both Call and Put positions at 58,000 suggests the strike could act as a magnet during expiry trade.

• Fresh Put writing was strongest at the 57,800 strike, followed by 57,500 and 58,000.
• The data indicates traders continue to view the 57,800 region as an important near-term support level.

• Fresh Call additions in Bank Nifty were concentrated at the 58,000 strike, where traders added more than 2.8 lakh contracts.
• Further Call writing was visible at 57,900 and 57,800, reinforcing resistance near the 58,000 mark.

• The highest Call concentration remains at 24,200, making it the key hurdle for bulls.
• A decisive move above this level could trigger Call unwinding and open the path towards 24,300-24,500.

• The continued addition of fresh Put positions at 24,100 while lower strikes see comparatively smaller additions indicates traders are shifting support higher.
• This reflects a relatively constructive undertone despite expiry-related volatility.

Open interest distribution shows:

• Highest Put OI: 24,100 strike
• Highest Call OI: 24,200 strike
• Significant Call OI: 24,100 strike

The positioning suggests traders expect Nifty to remain largely range-bound between 24,100 and 24,200 during expiry trade.

• Call writers were active at 24,100 and 24,200, with both strikes witnessing additions of more than 10 lakh contracts.
• Fresh Call writing was also seen at 24,300, 24,500 and 25,000, suggesting traders are expecting resistance to emerge on any sharp upside move.

• Fresh Put writing remained concentrated at the 24,100 strike, where traders added nearly 25 lakh contracts, making it the strongest support level going into expiry.
• Additional Put additions were visible at 24,000 and 24,200, indicating traders continue to defend the 24,000–24,100 zone.

• PL Capital told NDTV Profit that dependence of rural income on agriculture is declining, but a weak monsoon could affect the consumption space.
• The brokerage said small-ticket FMCG items may be the worst hit. It also said auto sector growth led by GST 2.0 could normalise.

• \Cameron Brandt told NDTV Profit that he does not see a tipping point yet and that flows into Indian markets are improving steadily.
• He said India is not seen as an AI play within emerging markets, while defence will remain an attractive theme.

• Peter McGuire told NDTV Profit that Iran can now sell its oil in dollars and said he expects softer oil prices over the next few sessions.
• He said oil prices may decline around 25% in June and that lower oil prices would benefit consumers.

• Iran’s Parliament Speaker MB Ghalibaf said the Strait of Hormuz will be managed by Iran under arrangements set by the country.
• He said issues may arise in the Strait and that Iran had agreed to set up a centre and telephone hotline for the next 30 days to resolve matters faster.

• Bharti Airtel concluded the acquisition of an additional 16% stake in Airtel Africa, according to an exchange filing.
• The company’s stake in Airtel Africa has increased to around 79%.

• Tata Electronics said it identified a cybersecurity incident on some of its systems a few weeks ago.
• The company said response protocols were deployed immediately and the incident had no impact on operations across its businesses, according to a spokesperson.

• JPMorgan downgraded KFin Technologies to Neutral from Overweight and cut the target price to Rs 980 from Rs 1,200.
• The brokerage initiated coverage on ICICI AMC, Nippon AMC, CAMS and Angel One with Overweight ratings. It initiated BSE at Neutral, while MCX and CDSL were started at Underweight.

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• Vedanta shares fell 5.51% to Rs 289 after 1.8% equity changed hands in four block trades, Bloomberg data showed.
• The buyers and sellers were not immediately known.

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Nifty fell as much as 0.2% to 24,049 in early trade, while the Sensex declined as much as 0.2%, or 160 points, to 76,934.16.

The rupee opened lower on Tuesday and weakened as much as 8 paise to 84.76 against the US dollar.

• Nifty 50 traded 31.60 points, or 0.13%, lower at 24,071.30 in pre-market trade.
• Sensex was down 8.02 points, or 0.01%, at 77,086.05.

• Macquarie said inflation and fiscal risks from higher oil prices appear manageable, with India’s current account deficit expected at 2.0–2.2% of GDP.
• The brokerage said the government remains committed to its 4.3% fiscal deficit target. It said macro risks have shifted from external shocks to domestic weather-related risks, which could affect consumption trends.

• Jefferies said the outlook for NBFCs is improving as West Asia tensions ease, with growth and collections tracking ahead of last year.
• The brokerage said softer bond yields are expected to support net interest margins. It prefers Bajaj Finance, AB Capital, Chola Finance and Shriram Finance, while weak monsoon and El Niño remain key risks.

• Citi expects cement industry utilisation to fall to around 66% in FY27 and EBITDA per tonne to decline year-on-year.
• The brokerage expects profitability to improve in FY28. It estimates 165 MT of new capacity addition during FY25–29 and said consolidation may remain limited despite ongoing expansion.

• Jefferies maintained its Buy rating on Emcure Pharma and raised the target price to Rs 2,100 from Rs 1,970.
• The brokerage expects low- to mid-teen revenue growth and 75–100 basis points EBITDA margin expansion in FY27. It raised EPS estimates by 1–5% and projected about 20% EPS CAGR over FY26–29.

• Jefferies initiated coverage on GE Vernova with a Hold rating and a target price of Rs 6,000.
• The brokerage said absence of large parent orders in FY26 could limit gross margin expansion in FY28 and FY29. It valued the company at 65 times FY28 earnings and said upside appears limited at current valuations.

• Citi initiated coverage on Meesho with a Buy rating and a target price of Rs 210.
• The brokerage said Meesho operates as a technology-led value e-commerce platform, with a marketplace-only model that lowers seller costs and supports affordable product offerings. Citi said the company is positioned to serve a large underserved customer base.

• Advit Jewels will open its IPO on June 23 and close the issue on June 25. The Jaipur-based jewellery company has set a price band of Rs 130–138 per share, with a lot size of 100 shares.
• The Rs 165 crore issue is entirely a fresh issue. The shares are scheduled to list on July 1.

• Waterways Leisure Tourism will open its IPO on June 23 and close the issue on June 25. The company has set a price band of Rs 769–808 per share, with a lot size of 18 shares.
• The Rs 585 crore issue is entirely a fresh issue. The shares are scheduled to list on July 1.

• JSW Infrastructure opened its QIP on June 22 to raise funds through a fresh issue of up to 23 crore shares, with the floor price fixed at Rs 290.35 per share. The Sajjan Jindal Family Trust will also sell up to 3.3 crore shares through an OFS.

• Bharat Electronics received additional orders worth Rs 1,081 crore since May 25, while Vodafone Idea’s board approved allotment of 430 crore warrants worth Rs 1,182 crore to Suryaja Investments.

• Info Edge said it has invested Rs 1,003 crore across 54 deeptech and AI startups since 2020. Syrma SGS signed a manufacturing pact with Japan’s Kaga Electronics, while Birla Corporation’s Bikram coal mine in Madhya Pradesh started commercial production.

• Bandhan Bank, IIFL Finance and Knowledge Marine & Ports will consider fundraising proposals this week. Lemon Tree Hotels signed a management licence agreement for an 85-room hotel in Nepal, while Transrail Lighting said Deputy Managing Director Raman Rajagopalan has resigned, effective July 31.

Turtlemint Fintech Solutions’ public issue was subscribed 52% on the second day of bidding.

Qualified institutional investors led the demand with 73% subscription, followed by retail investors at 61% and non-institutional investors at 5%.

• US President Donald Trump said the Strait of Hormuz is open and that negotiations with Iran are continuing.
• Trump said a lot of oil is moving out of the Strait and that Iranian frozen funds will be used to buy US agriculture and food for its people. He also said the US could restart a blockade quickly if needed.

• US Vice President JD Vance said talks with Iran had made progress and that a mechanism had been set up to ensure the Strait of Hormuz stays open.
• Vance said about 15 million barrels of oil had moved out of Hormuz and that talks would continue at the technical level. He said Iranian funds would not be unfrozen without progress.

• Iran’s central bank governor Abdolnaser Hemmati said Tehran is under no obligation to buy agricultural inputs from the US under the current memorandum of understanding, Tasnim reported.
• Hemmati said remaining frozen funds may be used to buy other non-sanctioned goods and not only essential goods, according to the report.

• Nvidia introduced a warm-water cooling system that uses a closed-loop coolant process to reduce water consumption inside data centres.
• The system can lower on-site water use and remove the need for fans or chillers. The overall water footprint of data centres remains linked to electricity generation and chip manufacturing, especially where fossil fuels are used.

• Oil prices edged higher in early trade as investors tracked uncertainty over US-Iran negotiations.
• Brent crude futures for August rose 0.36% to $78.18 a barrel, while US West Texas Intermediate crude for August gained 0.45% to $74.19 a barrel.

• GIFT Nifty traded at 24,183, compared with Monday’s Nifty 50 close of 24,102.90.
• The level indicated early gains for the benchmark index.

• Asian markets moved lower on Tuesday as investors tracked US-Iran negotiations and higher oil prices.
• South Korea’s Kospi fell 1.50%, while Japan’s Nikkei 225 declined 0.59%. Australia’s ASX 200 was marginally higher, up 0.05%.