Stock Market News Today Live Updates: Nifty Sees Resistance At 24,100, Sensex Gains 300 Points; IDBI Bank Surges 11%

• The heaviest Call concentration at 24,100 makes it the decisive level to watch.
• A sustained move above this strike could trigger Call unwinding and open the path towards 24,200–24,300.

Put open interest remained well distributed between 23,900–24,100, indicating confidence that the index could sustain above the psychologically important 24,000 mark.

A breach below 24,000 could invite profit booking from recent Put writers.

Open interest distribution shows:

• Highest Put OI: 24,000 strike
• Highest Call OI: 24,100 strike

The data points to a slightly bullish undertone, with the market's immediate battleground shifting upward to 24,000–24,100.

Fresh Call additions were strongest at the 24,100 strike, followed by 24,000 and 24,200.

The shift higher indicates traders expect resistance to emerge near 24,100, while 24,000 has transformed from a hurdle into a support zone.

Fresh Put additions remained concentrated at the 24,000 strike, with nearly 7.3 lakh contracts added. Significant Put writing was also visible at 23,900 and 24,100.

The positioning suggests traders are treating 24,000 as the immediate floor, with willingness to defend the index on dips towards this level.

• Tata Capital plans to raise up to Rs 36,000 crore through debt instruments, according to an exchange filing
• The fundraising will be carried out via eligible debt securities

• Adani Ports recorded a block deal involving 1.01 million shares
• Deal details such as buyers and sellers were not disclosed

• Marico reduced the price of its 1-litre Parachute coconut oil pack by 16.7% to Rs 450 in June
• The move follows a nearly 20% quarter-on-quarter fall in copra prices, a key raw material
• The company has also increased prices in parts of its hair oil portfolio

• India’s overall monsoon rainfall deficit stood at 35% as of June 16, with delays in key regions
• East and northeast India reported a 43% shortfall, central India 63%, and the southern peninsula 14%
• Northwest India was the only region with above-normal rainfall, receiving 5% higher than usual

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• Nifty IT was the top gainer, up 0.96%, followed by Media, India defence and Pharma
• Nifty Metal and Realty declined the most, falling 0.82% and 0.81% respectively
• Auto, FMCG and PSU Bank indices also traded lower, while Oil & Gas and Consumption were largely flat

• Nifty 50 turned flat at 23,988.50 after opening higher
• Sensex held marginal gains at 76,827.09, up 18.61 points
• Early gains faded within minutes of the opening trade

The Indian rupee depreciated by 17 paise to 94.39 against the US dollar at the open

• Nifty 50 was up 0.30% at 24,062.00 in pre-open session
• Sensex rose 0.13% to 76,907.08

• Morgan Stanley retained an overweight rating with a target price of Rs 186, citing growth plans in in-store payments and margins
• Citi maintained a buy rating with a target price of Rs 235, highlighting revenue growth and operating leverage
• UBS noted focus on technology and profitability, with guidance on revenue and cash flow reiterated

• Jefferies maintained a buy rating on Navin Fluorine and raised the target price to Rs 8,700 from Rs 8,385
• The brokerage highlighted growth plans in CDMO, specialty chemicals and semiconductor chemicals
• It expects continued earnings growth over the coming years

• NSE is expected to file its draft prospectus for an IPO, with valuation pegged above Rs 5 lakh crore, sources said
• The offer size may be around 5% of equity, while LIC is not expected to sell its stake
• The listing is likely between October and November, while the co-location case with SEBI remains pending final settlement

• CLSA initiated coverage on LG India with an outperform rating and a target price of Rs 1,830
• The brokerage expects growth in large appliances and sees support from premiumisation and higher penetration
• It cited brand strength, distribution network and operating leverage as key drivers

• Nomura maintained a buy rating with a target price of Rs 2,100, citing plans to scale revenue with focus on AI-led growth
• UBS retained a neutral rating with a target price of Rs 1,505, noting growth visibility and margin expansion efforts
• Morgan Stanley kept an overweight rating with a target price of Rs 1,500, highlighting long-term revenue targets and execution focus

• Infosys, Wipro and TCS announced AI and digital partnerships, while Zydus Lifesciences completed acquisition of Assertio Holdings
• Kajaria Ceramics approved a buyback, KIMS launched a QIP, and Sanstar cleared a preferential share issue
• Bharat Forge unveiled an armoured vehicle, while NHPC, Krishna Defence and Sona BLW flagged project and capex updates
• GIC Re and BSE reported key appointments, while Bank of Maharashtra revised lending rates effective June 17

• Gillette India said its Venus brand in the women’s grooming segment is growing at over 20% annually, PTI reported
• The segment contributes a double-digit share to the company’s grooming portfolio
• The company is expanding product offerings and increasing digital outreach to drive adoption

• France is seeking to strengthen business engagement between Indian and French MSMEs, PTI reported
• Sectors identified for collaboration include healthcare, luxury retail, construction and logistics
• Officials said efforts are underway to bring more French MSMEs to India and build partnerships across key industries

• NHPC signed an agreement with the Arunachal Pradesh government for the 3,097 MW Etalin hydroelectric project
• The company has received approval to conduct a pre-feasibility study
• The project will be developed on a build, own, operate and transfer basis for 40 years

• Krishna Institute of Medical Sciences has launched a qualified institutional placement to raise Rs 1,500 crore, sources said
• The indicative issue price is Rs 755 per share, reflecting a 3% discount to the current market price
• Proceeds will be used to repay debt and invest in subsidiaries, with IIFL and Jefferies acting as bankers

• Japan’s exports grew 17.0% year-on-year in May, above the estimated 16.5%
• Imports increased 12.5%, slightly below expectations of 12.8%
• Trade deficit stood at 378.6 billion yen, narrower than the estimated 547.6 billion yen

• India’s gems and jewellery exports fell 2.49% year-on-year to $2,047.80 million in May, PTI reported, citing GJEPC
• Gold jewellery exports declined 14.75%, with plain gold jewellery shipments leading the fall
• Sector faced pressure from higher gold prices, supply constraints and regulatory issues affecting gold availability

• Tamil Nadu Pollution Control Board has dropped further action against Tata Electronics' Hosur facility
• The company responded to queries raised in a show-cause notice
• Water samples collected from the facility showed no signs of contamination

• Prime Minister Narendra Modi and US President Donald Trump are set to discuss West Asia, the Strait of Hormuz and energy imports during the G7 summit, sources told ANI
• Both sides are looking to strengthen a long-term energy partnership
• The India-US trade deal is in the final stage and may be completed in the next few weeks

• G7 leaders reiterated support for Ukraine’s sovereignty and ongoing defence against attacks on infrastructure and territory
• They welcomed a U.S.-Iran agreement and expressed readiness to support its implementation
• The group stressed the need for a free and open Indo-Pacific and opposed unilateral changes to the status quo

• Around 10 bids have been submitted by public and private firms for the Rs 30,000 crore UAV project, ANI reported
• The deal involves procurement of 87 unmanned aerial vehicles for the Indian Air Force
• Bidders include HAL, Tata Advanced Systems, Larsen and Toubro, Solar Defence, Adani Defence and Raphe mPhibr

• India plans to introduce a star-based energy efficiency rating system for electric two-wheelers, according to LiveMint
• The system may follow the one-to-five star format used by the Bureau of Energy Efficiency for appliances
• Discussions are at an early stage, with stakeholders including BEE, SIAM and manufacturers involved in recent meetings

• Brent crude rose 0.7% to $79.49 per barrel, while WTI gained 0.7% to $76.61
• Prices moved higher after falling to around three-month lows
• Traders tracked the impact of a possible U.S.-Iran deal and reopening of the Strait of Hormuz on global supply

• Asian markets traded lower as investors stayed cautious before the U.S. Federal Reserve’s policy announcement
• South Korea’s Kospi fell 0.93%, the most in the region
• Japan’s Nikkei 225 slipped 0.06%, while Australia’s ASX 200 edged 0.05% lower

• GIFT Nifty traded at 24,042.50, indicating early positioning for Indian equities
• This compares with the Nifty 50 close of 23,989.15 on Tuesday