Stock Market Highlights: Nifty Extends Rally For Third Day Amid F&O Expiry; Sensex Gains Over 500 Points

• Nifty 50 closed higher for the third consecutive session, rising over 0.5%.
• HCL Tech and Tata Consumer Products were the top gainers, both up more than 2.6%.

Broader markets moved largely in line with benchmarks.

• Nifty Midcap 150 gained around 0.4%, led by Fertilizers and Chemicals Travancore, up over 10%, and Coforge, up nearly 4.5%.
• Nifty Smallcap 250 rose about 0.5%, with Sonata Software surging nearly 20% and MMTC gaining around 8%.

Sectoral trends were mixed.

• Nifty Realty was the top gainer, rising over 2%, with Aditya Birla Real Estate and Brigade Enterprises up more than 5.5%.
• Nifty Metal was the top loser, down over 1.5%, with Nalco and Hindalco falling more than 3%.

Market structure:

• Nifty Realty, FMCG, Oil & Gas and Financial Services extended gains to a third session.
• Nifty Bank rose for the fourth consecutive day and Nifty IT gained for the second day.
• Nifty Pharma declined for the second session.
• Nifty Auto, Metal and PSU Bank indices snapped two-day gaining streaks.

• Nifty 50 rose 0.57% to close at 23,989.15, gaining 135.25 points.
• Sensex advanced 0.71% to 76,808.48, up 544.15 points.

• Former RBI Deputy Governor Rajeshwar Rao is among the candidates being considered for HDFC Bank’s chairman position, according to sources.

• The bank is likely to submit its recommendation to the RBI shortly.

• Interim chairman Keki Mistry’s term ends on June 18 and may be extended until a new appointment is finalised.

• The bank and Rajeshwar Rao did not respond to queries on the development.

• SpaceX shares rose 11% in premarket trade after a strong listing.
• The stock had already gained about 20% in its first full trading session following the IPO.
• The move reflects continued investor interest in the company after its market debut.

• The government is likely to approve the Dixon Technologies–Vivo joint venture, according to sources.

• An inter-ministerial committee is understood to have backed the proposal at a recent meeting.

• Final approval is expected after completion of regulatory processes.

• Dixon management has said the JV could add 20–22 million units annually over time.

• The company has called the Vivo partnership a key growth driver, though FY26 guidance does not include any contribution.

• Dixon declined to comment on the development.

Nykaa announced a strategic collaboration with OpenAI to develop AI-driven discovery and shopping experiences in beauty and fashion.

• Nykaa Beauty and Nykaa Fashion are now available as connected apps within ChatGPT, enabling in-conversation access to products and recommendations. [Press Rele...16June2026 | Word]

• The companies will work together on shaping an agentic commerce framework for shopping within ChatGPT. [Press Rele...16June2026 | Word]

• Nykaa will integrate OpenAI’s models into its platforms to enhance consumer journeys. [Press Rele...16June2026 | Word]

• ChatGPT Enterprise and AI tools will be deployed across functions including marketing, customer support and operations. [Press Rele...16June2026 | Word]

• The partnership will be executed in phases over a multi-year period. [Press Rele...16June2026 | Word]

The Indian rupee strengthened 0.2% to 94.50 per dollar, compared with 94.59 in the previous session.

• Brent crude rose 0.3% to $83.42 per barrel.

• WTI crude gained 0.3% to $81.12 per barrel.

• Prices moved higher as markets assessed uncertainty around the US-Iran agreement.

• Traders also factored in potential delays in supply resumption through the Strait of Hormuz.

Asian markets ended on a mixed note, with gains in Korea and Japan offset by weakness in Hong Kong and China.

• South Korea’s Kospi rose 2.11% to 8,726.60, the top gainer in the region.

• Japan’s Nikkei 225 added 0.13% to 69,404.50.

• Australia’s ASX 200 edged up 0.04% to 8,917.70.

• Hong Kong’s Hang Seng declined 1.40% to 24,493.95, the biggest loser.

• Shanghai Composite slipped 0.11% to 4,091.89.

• Germany’s DAX rose 0.85% to 25,106.71, while France’s CAC gained 0.74% to 8,445.66.

• The UK’s FTSE advanced 0.53% to 10,486.05, and the pan-European STOXX 600 was up 0.57% at 638.08.

• Spain’s IBEX 35 climbed 0.40% to 19,108.50, while Italy’s FTSE MIB gained around 1.1% to 52,406.21.

• Switzerland’s SMI rose 0.46%, while the Netherlands’ AEX and Belgium’s BEL 20 also traded higher.

• Nordic indices showed mixed moves, with OMX Stockholm 30 rising 1.19%, while OMX Copenhagen 25 was marginally lower.

• Nifty 50 rose as much as 0.5% to 23,981.60.
• Sensex gained 0.7% to 76,782.08.

Indices traded at day’s high with gains led by buying across sectors.

• Realty was the top-performing sector, rising 1.36%, followed by Media up 1.26% and IT gaining 1.11%.

• Oil & Gas and Energy indices also advanced 1.09% and 1.07%, respectively.

• FMCG and Financial Services posted gains of around 0.99%–1.01%, showing broad-based buying.

• On the downside, Metals fell 1.71%, the biggest sectoral decline.

• Pharma dropped 0.42%, while PSU Bank and Private Bank indices declined 0.37% and 0.24%, respectively.

• Auto and Defence also saw marginal losses.

• Infosys saw a block deal with 1 million shares changing hands.
• Hexaware Technologies saw 4.04 million shares traded across two block deals.

Buyers and sellers were not immediately known.

• Qatar plans to quickly restart LNG production once the Strait of Hormuz reopens, Bloomberg reported.

• Output may reach about 50% of capacity within a month of safe passage being restored.

• Production could rise to around 80% within two months.

• Full restoration of capacity may take longer after damage caused by earlier disruptions.

• Nuvama’s Abhilash Koikkara said oil prices have corrected nearly 30% from recent highs.

• He expects the rupee to strengthen to 92–93 against the US dollar in the next 2–3 months.

• He said the RBI is actively working to reduce volatility in the currency.

• Additional measures from the central bank may be introduced to support the rupee.

• Adani Ports extended its agreement with US-based Kaleris to deploy AI-driven solutions across its operations.

• Kaleris will implement these solutions across 15 container terminals.

• The extended partnership is aligned with the company’s 2030 objectives.

• These include a planned investment of $850 million, with focus on decarbonisation and technology upgrades.

• The company also targets handling capacity of 1 billion tonnes per year by 2030.

• JSW Realty is in advanced talks to raise a Rs 16,000 crore ($169 million) loan from Tata Capital, Bloomberg reported.

• The proposed loan has a tenure of five years and is aimed at funding an office project near Mumbai’s Bandra business district.

• The borrowing is expected to be priced in the range of 9%–11% per annum.

• The transaction remains under discussion and has not been finalised.

• Electronics Mart said demand in the southern market remains stable, according to CFO Premchand Devarakonda.

• The company expects more than 15% same-store sales growth in Q1.

• It said it is evaluating expansion opportunities, with Kolkata seen as a base for eastern markets.

• The product mix is expected to remain largely unchanged, with presence across 6–7 brands in the home entertainment segment.

• Suzlon and Inox Wind are in focus after the government sought an assessment of ageing wind turbines across the country.
• The Centre is considering replacement of older turbines with more efficient models.
• Industry bodies WIPPA and IWTMA have been asked to submit a detailed assessment of turbines that can be replaced within the next 30 days, as per media reports.

• Indus Towers saw a block deal with 1.04 million shares changing hands.
• Steel Authority of India (SAIL) saw a block deal involving 3.6 million shares.

Details of buyers and sellers were not immediately available.

• CSIR-NIIST and BAIF Development Research Foundation signed an MoU to collaborate on sustainable technologies and rural development, PTI reported.

• The partnership will focus on research, innovation and deployment of climate-resilient solutions.

• Key focus areas include agrivoltaics, combining solar power with agriculture.

• The collaboration will work on validation and rollout across different agro-climatic regions.

• The two organisations will also explore areas such as wastewater treatment, biomass utilisation, AI-enabled drone applications and eco-friendly materials.

• Government disinvestment receipts for Q1 are expected to approach Rs 15,000 crore, driven largely by PSU stake sales.

• Offer for Sale transactions in companies such as Coal India, NHPC, NLC, Central Bank and GIC Re have contributed nearly Rs 14,000 crore.

• Total non-tax capital receipts so far stand at Rs 21,732 crore, including:

  • Disinvestment: Rs 13,389 crore
  • Asset monetisation: Rs 6,367 crore
  • Dividends: Rs 1,976 crore

• The IDBI Bank stake sale process remains underway, while a LIC stake sale is expected in September.

• The government has set an asset monetisation target of Rs 80,000 crore for FY27.

For today's weekly expiry:

• Nifty Support: 23,900
• Nifty Resistance: 24,000
• Bank Nifty Support: 57,200
• Bank Nifty Resistance: 57,300–57,500
• Major Bank Nifty Ceiling: 58,000

Several commodity-linked counters featured in the fresh shorts category, including:

• MCX
• NMDC
• Hindalco
• Bharat Forge
• Kalyan Jewellers

• Laurus Labs and Hindalco featured prominently among stocks witnessing fresh shorts.
• The combination of falling prices and rising open interest suggests traders initiated new bearish positions.

• National Aluminium led the fresh short build-up category, with prices declining while open interest increased nearly 16%.
• The setup points to aggressive bearish positioning.

Stocks showing notable short covering included:

• REC
• Tata Consumer
• Godrej Properties
• Muthoot Finance
• Cipla
• Naukri

• Tata Elxsi headed the short-covering screen, where prices advanced even as open interest declined.
• The setup indicates bearish traders were forced to close positions.

• ICICI Bank and Maruti featured among stocks experiencing long unwinding.
• The decline in both price and open interest reflects reduced bullish exposure.

• Bank Nifty futures slipped while open interest declined.
• The pattern indicates profit-booking and unwinding of bullish positions in the banking segment.

• Grasim topped the liquidation list, with futures prices declining alongside falling open interest.
• The setup typically signals traders exiting previously built long positions.

Among notable names witnessing fresh long positions were:

• Suzlon
• Persistent Systems
• BPCL
• P&G Electroplast
• GMR Airports

The combination of rising prices and higher open interest points toward bullish participation.

• Bajaj Holdings emerged as the biggest accumulation candidate, with open interest rising an extraordinary 4,523%, accompanied by gains in futures prices.
• The pattern suggests aggressive fresh long creation.

PI Industries posted a 201.72% increase in total open interest, remaining one of the most actively positioned stocks since the last expiry.

• Glenmark's Put open interest has expanded 890.13% since expiry.
• The dramatic increase underscores intense options activity and growing downside hedging in the pharmaceutical stock.

• ONGC recorded a 623.14% increase in Call open interest, among the highest in the F&O universe.
• The sharp rise indicates traders remain highly active in the energy counter.

• Wipro's total open interest expanded 215.69%, even as the stock remains down 27.15% from the previous expiry.
• The divergence suggests continued speculative positioning amid sector weakness.

• Nifty Fin Service saw total derivative open interest jump 677.78% since expiry, the strongest among the major indices tracked.
• The increase reflects extraordinary activity in financial derivatives.

The Bank of Japan raised its benchmark interest rate to 1%, the highest level since 1995.

• The move marks an increase from 0.75% and comes as part of the central bank’s policy normalisation.

• It is the first rate hike since December and follows the shift away from ultra-loose policy that began in March 2024.

• The central bank is aiming to manage inflation pressures linked to higher energy prices and a weaker yen.

• The decision comes even as inflation remains below the 2% target.

Nifty Mid Select posted a 144.88% increase in total open interest, accompanied by an 8.54% rise in the index.

The combination points to sustained bullish participation in the mid-cap derivatives segment.

Bank Nifty's total open interest has climbed 102.37% since the previous expiry, reaching nearly 14 lakh contracts.

The surge comes despite the banking index declining 1.74%, reflecting increased derivatives participation.

Nifty Put open interest has risen 261.90%, crossing 81 lakh contracts.

The substantial increase reflects elevated hedging activity and heightened caution among market participants.

• Nifty has declined 7.75% since the previous expiry, yet total derivative open interest has surged 240.11% to over 1.62 crore contracts.
• The sharp increase highlights aggressive trader participation despite the benchmark's decline.

Open interest distribution reveals:

• Highest Call OI: 58,000 strike
• Significant Call concentration: 57,000–57,500
• Strong Put base: 57,000 strike

This indicates a near-term expiry range around 57,200–57,500, while 58,000 remains the broader resistance ceiling.

Fresh Put additions were strongest around 57,200, followed by 57,000 and 57,300 strikes.

The positioning highlights 57,200 as immediate support, suggesting traders expect dips toward this region to attract buying interest.

• Bank Nifty witnessed the largest Call additions at 57,300, followed by 57,000 and 57,500.
• The build-up suggests traders are positioning for resistance near the 57,300–57,500 region during expiry.

• The concentration of both fresh Call additions and total Call open interest at 24,000 makes this the most important level for today's expiry.
• A move above 24,000 could trigger Call unwinding and accelerate short-covering.

Compared with earlier sessions, Put writers have shifted their biggest exposure higher toward 23,900 from lower strikes, reinforcing the bullish intent of defending the current market structure.

As long as 23,900 holds, traders may continue to buy intraday declines.

Open interest distribution shows:

• Highest Put OI: 23,900 strike

• Highest Call OI: 24,000 strike

This positioning creates a narrow expiry battleground between 23,900 and 24,000, implying sharp intraday moves but limited directional conviction beyond this band.

Fresh Call writing remained concentrated at the 24,000 strike, followed by 24,100 and 24,200.

The aggressive build-up confirms that traders continue to view 24,000 as the key hurdle. Unless this level is decisively crossed, upside may remain capped during today's expiry session.

With weekly expiry in focus, Nifty witnessed its largest fresh Put additions at the 23,900 strike, where traders added more than 33 lakh contracts. Significant Put writing was also visible at 23,800 and 24,000.

The data suggests option writers are treating 23,900 as the immediate support base, indicating confidence that the index may defend this zone during expiry volatility.

Key levels, active strikes, big moves and live market cues — all in one place; Join our F&O Hour live blog for real-time action now.
 

• Gautam Shah said Indian markets have underperformed over the past 15 months but this phase may be ending.

• He said the technology sector may be approaching a bottom.

• Shah said the stronger trend is in small and microcap stocks.

• He highlighted PSUs, power, metals and capital goods as sectors that could outperform.

• He advised booking profits in metals and shifting focus to energy, pharma and capital goods.

• Energy is seen as a long-term theme, while he does not see a major opportunity in financials at present.

• Shah prefers PSU banks over private sector banks.

• The Delhi Taxi and Tourist Transport Association has raised objections to ethanol blending in petrol, NDTV reported.

• The association said older vehicles are not designed for higher ethanol blends, citing impact on mileage and engine performance.

• It flagged issues such as potential damage to fuel system components and higher costs for vehicle owners.

• The group added that consumers pay full price despite fuel quality concerns for older vehicles.

• The association has sought an independent review of the ethanol blending policy and a scientific study on its impact.

• It also demanded that ethanol content be clearly displayed at fuel stations and that consumers be given an option to choose lower-ethanol fuel.

• Sanjay Sethi said domestic demand remains strong for the hotels industry, with cities like Goa, Bengaluru and Mumbai performing well.

• He said domestic travel continues to be the key growth driver for the sector.

• Occupancy levels saw improvement in April, with holiday destinations reporting high occupancy in May and June.

• The industry is expected to see double-digit growth in May.

• Sethi said the second half of FY27 is likely to be strong for the hotels sector.

• PI Industries rose 1.11%, leading gains in the agrochemical space.

• UPL gained 0.86%, while Gujarat State Fertilizers and Coromandel International were up 0.83% and 0.74%, respectively.

• India Pesticides and Sumitomo Chemical also advanced, rising 0.68% and 0.61%.

• Meghmani Organics and RCF posted moderate gains.

• On the downside, Kaveri Seed fell 0.33%, while Sharda Cropchem declined 0.10%.



 

• Balrampur Chini Mills was the top gainer, rising 0.82%.

• Dalmia Bharat Sugar also traded marginally higher, up 0.10%.

• Avadh Sugar & Energy declined 1.19%, the biggest loser in the segment.

• Mawana Sugars fell 0.78%, while Shree Renuka Sugars dropped 0.67%.

• Dwarikesh Sugar and Bajaj Hindusthan Sugar also traded lower.



 

 

India’s oil ministry official said supplies may take weeks to stabilise even if the US-Iran deal holds.

• The Strait of Hormuz is expected to reopen after the deal is signed.

• The conflict had forced major Gulf producers to shut output.

• Around 180 million barrels of crude and refined fuels are estimated to be stranded in the Gulf.

• Over 1 million tonnes of LNG is also stuck in the region.

• Oil prices have dropped to around $83 per barrel, a three-month low, but remain about 20% above pre-war levels.

• The Gulf region accounted for nearly 40% of India’s crude imports before the conflict.

• Officials said terms of the deal remain unclear, with India closely monitoring developments.

Shares of General Insurance Corporation declined after the government announced an Offer for Sale.

• The stock fell 5.32% to Rs 366.65 in trade.
• The Centre plans to sell up to a 5% stake, with a 2% base offer and an option to sell an additional 3%.
• The OFS is part of the government’s disinvestment programme.

The market breadth showed buying across select midcap and consumption names, while metals and PSU-linked stocks declined.

• Dr Lal PathLabs rose 7.33%, the top gainer, followed by Sapphire Foods up 5.60% and Devyani International gaining 4.80%.
• Himachal Futuristic, Inox Wind and Aegis Vopak also rose between 3–3.5%.
• GMR Airports and HCL Tech posted moderate gains around 2.6–2.9%.

On the downside:

• General Insurance Corp (GIC Re) fell 5.32%, the biggest loser.
• Nalco and Hindalco declined 4.17% and 3.84%, respectively.
• Jaiprakash Power, Aarti Industries and TBO Tek also traded lower, down 2–2.2%.
• Schneider Electric Infra, Clean Science and IFCI saw modest declines.

The Nifty Midcap 100 index traded higher in early trade, holding gains after an initial dip.

• The index hit a high of 61,824.20 and a low of 61,651.70.
• It was last seen around 61,739, up about 0.31%.

The chart shows an early drop, followed by recovery and a steady uptrend before easing slightly near current levels.

Bank Nifty traded in a narrow range in early trade, slipping from initial highs.

• The index hit a high of 57,399.70 and a low of 57,177.00.
• It was last seen near 57,203, marginally above the previous close of 57,198.80.

The chart shows the index opening higher, then gradually easing through the session with a slight downward bias.

Index contribution data shows banking and financial stocks driving gains, while metals weighed on the index.

• HDFC Bank contributed 14.9 points, the highest positive impact on Nifty.

• L&T added 10.95 points, followed by Bajaj Finance 10.3 points and HUL 9.22 points.

• HCL Tech also supported gains with a 6.1-point contribution.

• On the downside, Hindalco was the biggest drag, pulling the index down by 12.23 points.

• Axis Bank contributed -5.81 points, while Tata Steel and JSW Steel also weighed on the index.

• HDFC Life saw a marginal negative contribution of -1.53 points.

Overall, gains were driven by financials and consumption stocks, while metal names limited the upside.

Benchmark indices opened higher, extending gains for the third consecutive session.

• Nifty 50 rose 0.3% to 23,931.10 in early trade.
• Sensex gained 0.35% or 266 points to 76,530.67.

Both indices continued their upward momentum at the start of the session.

Assam has amended excise laws to introduce a Minimum Guaranteed Revenue (MGR) model for liquor licences, Economic Times reported.

• Wholesale and retail licence holders will be required to pay MGR in addition to licence fees and VAT.

• The MGR amount will be fixed by the Excise Commissioner with state government approval and paid quarterly.

• Liquor prices are expected to rise 7–12%, with revised rates effective from July 1.

Benchmark indices signalled a positive start in pre-market trade.

• Nifty 50 rose 0.48% to 23,967.25, up 113.35 points.
• Sensex gained 0.45% to 76,605.95, rising 341.62 points.

The Indian rupee strengthened for a third consecutive session, rising 10 paise to 94.61 against the US dollar.

• Macquarie said pharma companies continue to guide for double-digit revenue growth.

• Commercial-focused CDMOs such as Laurus Labs are seeing strong momentum.

• Large CDMO players are better positioned within the segment.

• Hospital companies indicated unit-level EBITDA breakeven timelines ranging from a few quarters to about a year.

• Capacity expansion in hospitals is weighing on near-term profitability.

• Diagnostics companies are seeing a recovery driven by improved volumes.

• Morgan Stanley said the RBI’s final guidelines on financial product sales show no meaningful change from the draft version.
• The implementation timeline has been extended, with norms effective from January 1, 2027 instead of July 1, 2026.
• The brokerage said lenders may need operational adjustments around bundling of third-party products.
• It noted that clarity is still awaited on insurance commission regulations from IRDAI.
• RBI has not specified any requirement on open architecture for bancassurance in the final guidelines.

• Jefferies said easing tensions in the Middle East could help normalise energy prices.
• Marketing losses at spot Brent have narrowed to around Rs -2 per litre for petrol and Rs -11 per litre for diesel.
• At current levels, marketing margins could move above normative levels, assuming stable refining margins.
• The brokerage said BPCL and IOC offer favourable risk-reward after recent declines.

• JPMorgan maintained Overweight on Larsen & Toubro and raised the target price to Rs 5,060 from Rs 4,570.
• The brokerage said easing tensions in the Middle East reduces downside risks for the company.
• It noted that ordering and execution in the region have remained largely stable.
• JPMorgan said the company’s five-year strategy focuses on growth along with improving return on equity.
• It added that FY27 guidance remains healthy, though the first half may see some impact.

• Morgan Stanley maintained Equal-weight on HCL Tech with a target price of Rs 1,410.

  • The brokerage said the investment in Sarvam AI may offer a strategic advantage in sovereign AI.
  • It noted the financial impact will be limited given the minority stake.
  • It flagged risks around execution and scalability, with use-case validation seen as key.

• Nomura maintained Buy on HCL Tech with a target price of Rs 1,600.

  • It said the investment will support development of client-specific AI models.
  • The brokerage expects the move to strengthen multilingual AI capabilities.
  • It added that the deal could accelerate adoption of sovereign AI solutions.

• InCred downgraded UPL to Hold from Add and cut the target price to Rs 659 from Rs 1,082.
• The brokerage said the agrochem business is under pressure amid Chinese overcapacity.
• It flagged pricing pressure in key molecules including glufosinate, 2,4-D and azoxystrobin.
• Growth and margins are expected to remain under pressure.

Promoter activity continued across several stocks with acquisitions, pledges and pledge releases.

• GRM Overseas promoter Atul Garg bought 4.5 lakh shares.

• MSP Steel & Power promoter group entities bought shares across multiple tranches, including purchases by M A Hire Purchase, Shree Vinay Finvest and Ilex.

• Responsive Industries promoter group entity Fairpoint Tradecom pledged 6.40 lakh shares.

• Paisalo Digital promoter group entity Equilibrated Venture Cflow revoked pledge on 50 lakh shares.

Multiple stocks saw bulk and block deals during the session, with buying interest from funds and institutions.

• In Exicom, Hrti Private bought 1.94 lakh shares at Rs 158.56, while Junomoneta Finsol sold a smaller quantity at around Rs 159.

• In Motisons, Arihant Capital Markets bought 17.80 lakh shares and Junomoneta Finsol bought 2.88 lakh shares, both around Rs 15.5.

• In Niva Bupa, multiple HSBC funds bought over 40 lakh shares combined at Rs 83, while Krishnan Ramachandran sold 40 lakh shares.

• Hrti Private was active in other counters as well, buying shares of MSTC and MTAR Technologies.

• In Vintage-style smaller trades, Crony Vyapar and Ramdoot Realtors bought shares in GoColors.

• Arihant Capital Markets sold shares in Shanti Gold, while Excellent Shares and Finance Services sold nearly 9 lakh shares in EFCIL.

Several companies are set to consider fundraising, equity issuance and leadership changes in upcoming board meetings.

• SBI’s board will meet on June 18 to consider raising funds through debt instruments.
• 5paisa Capital’s board will evaluate a proposal for equity issuance via preferential allotment or private placement on June 18.
• Waaree Energies shareholders approved raising up to Rs 10,000 crore through QIP and the appointment of a CEO and whole-time director.
• Lloyds Engineering will consider a preferential equity issue in its June 18 board meeting.

GMR Airports reported growth in passenger traffic for May, led by domestic travel.

• Domestic traffic rose 7.9% year-on-year, while international traffic grew 0.4%, impacted by geopolitical conditions.
• Total passenger traffic crossed 20.4 million, marking the highest ever monthly traffic.
• The growth was mainly driven by strong domestic demand at the Delhi airport.

Several companies announced updates across contracts, fundraising, management changes and strategic plans.

• Patel Engineering received a Rs 126.37 crore LoA for a lift irrigation project in Maharashtra.

• HCL Technologies invested Rs 1,427.25 crore in Sarvam AI, while Adani Enterprises is exploring an AI data centre alliance with Jabil.

• Mahindra & Mahindra Financial Services approved NCD issuance of up to Rs 1,000 crore.

• Craftsman Automation plans to raise up to Rs 2,000 crore, while Ratnaveer Precision earlier announced a rights issue.

• Sudarshan Chemical opened a second global headquarters in Frankfurt, and Anant Raj incorporated a cloud arm in Singapore.

• RailTel received a Rs 15.77 crore order, while Concord Enviro’s subsidiary secured a Rs 16 crore wastewater project.

• Cyient approved a Rs 720 crore buyback, and GIC Re will be in focus after the government announced an OFS of up to 5%.

• MSP Steel promoters bought shares, while KRN Heat Exchanger promoters reduced stake.

• IRCTC appointed a new Director (Finance), while Dhanlaxmi Bank named a new CFO.

• Devyani International received exchange approval for its scheme with Sapphire Foods.

• Madras Fertilizers halted production due to a plant issue, expected to resume around June 23.

• Angel One settled Sebi proceedings by paying Rs 4.28 crore.

• Jyothy Labs plans legal action over brand licensing non-renewal, while BGR Energy’s NCLAT hearing was adjourned.

Sebi is likely to revamp rules governing share buybacks and mutual fund operations, Economic Times reported.

Other key highlights from ET report:

• The regulator may reintroduce the stock exchange route for buybacks, alongside simplifying the process.

• It is also considering removing the requirement for companies to appoint merchant bankers for buybacks.

• Separately, Sebi may ease intraday borrowing norms for mutual funds to improve cash management.

• The changes aim to reduce costs, simplify procedures and improve participation for shareholders.

The proposals are expected to be taken up at Sebi’s board meeting on June 19.

Real estate and infrastructure investment trusts are expected to see strong growth, with assets under management projected to more than double by 2030, LiveMint reported.

Other Key highlights from the report:

• AUM is estimated to cross Rs 20 lakh crore by 2030 from about Rs 10 lakh crore currently.

• The segment includes 32 listed trusts with a combined market capitalisation of around Rs 5 lakh crore.

• Mutual funds and insurance companies are expected to deploy Rs 4.6 lakh crore and Rs 3.2 lakh crore, respectively, over the next five years.

• Pension funds may contribute an additional Rs 2.2 lakh crore to the segment.

• Domestic institutional investors have utilised only 7.5% of their permitted exposure, leaving an estimated Rs 7 lakh crore untapped.

• The market could also see annual primary issuances of over Rs 1 lakh crore and 2–3 IPOs each year going forward.

Goldman Sachs has lowered India’s current account deficit forecast for 2026 to 1.3% of GDP from 2% earlier, Economic Times reported.

• The brokerage expects a balance of payments surplus of 0.6% of GDP after two years of deficits.

• It said India is less vulnerable to higher crude oil prices due to lower oil intensity and improved energy efficiency.

• India posted a $7.2 billion balance of payments surplus in the January–March period, supported by remittances and services exports.

• Goldman Sachs said reduced oil imports also helped offset pressure amid uncertainty in West Asia.

• Nifty June futures rose 1.03% to 23,930, at a premium of 77 points.
• For June 16 expiry, maximum call open interest stood at 24,000 and maximum put open interest at 23,500.
• Kaynes remained in the F&O ban list.

ONGC Videsh Ltd is looking to revive operations in Venezuela despite over $900 million in unpaid dividend dues, Economic Times reported.

• The move comes as Venezuela opens its oil sector to greater foreign participation under a new legal framework.
• ONGC Videsh had earlier acquired overseas assets to boost crude output for the parent company.

The development reflects renewed engagement in international oil projects as part of production expansion plans.

Fertiliser availability and prices may take three to four months to return to normal despite progress in US-Iran talks, Economic Times reported.

• Industry executives said supply chains may take time to stabilise even after easing of tensions in West Asia, the report said.
• The reopening of the Strait of Hormuz may not immediately ease price pressures, the report added.

The comments suggest a lag between geopolitical developments and on-ground improvement in fertiliser supply and pricing.

BlackRock is cutting just under 1% of its workforce as part of ongoing restructuring efforts, Bloomberg reported.

• CEO Larry Fink is moving towards a continuous approach to staffing adjustments instead of large, one-time layoffs.
• The latest round follows three prior cuts over the past 18 months.
• The changes come as the firm continues to integrate recent acquisitions and adjust operations.

Sarvam AI entered the unicorn club after securing a strategic investment from HCLTech, valuing the company at $1.5 billion.

• HCLTech committed Rs 1,427 crore ($150 million) for a 10.46% stake in the company.
• The investment anchors the first close of Sarvam AI’s Series B round, which has raised $234 million so far.
• The deal marks one of the largest investments in India’s artificial intelligence ecosystem.

The government plans to sell up to a 5% stake in General Insurance Corporation of India through an Offer for Sale, according to an exchange filing.

• The base offer comprises a 2% stake, with an option to sell an additional 3% in case of strong investor demand.
• The stake sale is part of the Centre’s disinvestment programme to raise funds and increase public shareholding.

The government has increased the base import prices of gold and silver, according to a notification by the Central Board of Indirect Taxes and Customs.

• Gold base import price has been raised by $5 per 10 grams to $1,348/10 gm.

• Silver base import price has been increased by $83 per kg to $2,175/kg.

• The revision comes just three days after the Centre had reduced base prices for both metals.

• The move follows earlier steps to raise import levies on precious metals to curb imports.

The government has increased windfall taxes on exports of diesel and aviation turbine fuel (ATF) for the next fortnight starting June 16, PTI reported.

• Export duty on diesel has been raised to Rs 14 per litre from Rs 13.5 per litre.
• ATF export duty has been increased to Rs 12.5 per litre from Rs 9.5 per litre.
• Export duty on petrol remains unchanged at Rs 1.5 per litre.

The Reserve Bank of India has tightened norms on the marketing and sale of financial products to address mis-selling, PTI reported.

• The revised guidelines will come into effect from January 1, 2027, and apply across all channels, including social media and digital platforms.

• The framework adopts a principle-based approach aimed at improving accountability in the sale of financial products.

• The RBI has prohibited payment of incentives to employees of regulated entities by third parties.

• It said incentive structures should not encourage aggressive sales practices or lead to mis-selling.

An Indian LNG tanker has transited the Strait of Hormuz after progress in US-Iran talks, NDTV reported.

• The vessel, Disha, carried LNG cargo from Qatar and moved through the Iranian route near Larak Island.
• The transit follows developments around a US-Iran agreement aimed at easing tensions in the region.

Oil prices moved higher, extending gains in the latest session.

• Brent crude for August settlement rose 0.5% to $83.59 per barrel.
• WTI crude for July delivery climbed 0.7% to $81.28 per barrel.

The move reflects firming oil prices in global markets.

Asian markets traded mixed as investors tracked developments around a potential US-Iran deal and awaited key central bank decisions.

• Japan’s Nikkei 225 rose 0.18% to 69,444.48, while South Korea’s Kospi gained 1.72% to 8,692.86.
• Australia’s S&P/ASX 200 declined 0.71% to 8,851.10.

The mixed trend reflected cautious sentiment as markets balanced geopolitical developments with upcoming monetary policy cues from Australia and Japan.

• GIFT Nifty traded at 23,894, compared with Monday’s Nifty 50 close of 23,853.90.
• The early indicator was about 40 points higher than the previous close.