Benchmark indices extended their gains for the fifth consecutive trading session, their longest gaining streak since April 7. The NSE Nifty 50 rose 82.30 points, or 0.34%, to close at 24,168. The BSE Sensex gained 254.36 points, or 0.33%, to end at 77,409.98.
Meanwhile, oil prices resumed declines as an interim peace arrangement between the US and Iran came into effect, with focus shifting to crude flows through the Strait of Hormuz and Gulf output from suspended fields. Brent crude fell back below $79 a barrel after gaining in the previous session, while West Texas Intermediate traded near $76.
Elsewhere, European markets traded mostly lower, with the FTSE 100 down 1.01% at 10,402.04 and the STOXX 600 falling 0.61% to 635.38. Portugal's PSI 20 declined 1.28%, OMXC 25 fell 1.15%, and Belgium's BEL 20 slipped 0.83%. OMXS30 was the only index in the list to gain, rising 0.06% to 3,163.048..
Overnight, the US Federal Reserve kept its benchmark rate unchanged at 3.5–3.75%, in line with expectations. Investors focused on updated projections, which showed the median estimate for the 2026 year-end policy rate rising to 3.8% from 3.4% in March.
Fed Chair Kevin Warsh did not provide his own rate projection, adding to uncertainty over the rate path.
U.S. stocks retreated after the decision. The Dow Jones Industrial Average finished 0.98% lower after touching an intraday record earlier in the session. The S&P 500 declined 1.21%, while the Nasdaq Composite lost 1.34%.
Stock Market Wrap: Nifty, Sensex Clock Longest Gaining Streak In Over Two Months
Benchmark indices extended their gains for the fifth consecutive trading session, their longest gaining streak since April 7. The NSE Nifty 50 rose 82.30 points, or 0.34%, to close at 24,168. The BSE Sensex gained 254.36 points, or 0.33%, to end at 77,409.98.
Stock Market Live: Bajaj Auto Sets June 24 As Record Date For Rs 5,632 Crore Buyback
Bajaj Auto set June 24 as the record date for its Rs 5,632 crore share buyback, according to an exchange filing.
Stock Market Live: Reliance Jio May File IPO Papers Before AGM, Sources Say
- Reliance Jio is likely to file its draft papers before Reliance Industries’ annual general meeting on Friday, sources said.
- The IPO size is expected at Rs 33,000–40,000 crore, with valuation estimated between Rs 10 lakh crore and Rs 15 lakh crore.
- The issue is expected to include a fresh issue and an offer-for-sale component. Early backers Meta and Google are likely to participate in the OFS, sources said.
Stock Market Live: India C&I Energy Storage Market May Reach 22–31 GWh By 2032, PTI Reports
- India’s commercial and industrial energy storage market may grow from less than 1 GWh in 2025 to 22–31 GWh by 2032, PTI reported, citing an IESA study.
- The report cited rising electricity tariffs, renewable energy adoption, power reliability needs, cost optimisation and decarbonisation goals as key drivers.
- IESA said storage demand could reach 22–23 GWh under a business-as-usual scenario and 31 GWh under a rapid adoption scenario.
Stock Market Live: IRDAI Forms AI Governance Working Group For Insurers
IRDAI has formed a seven-member working group to frame an AI governance and oversight framework for the insurance sector, according to an office letter viewed by NDTV Profit.
The panel will study AI-related risks for insurers, policyholders and the wider ecosystem. It will also review AI use in claims processing and fraud detection.
The group will recommend norms for ethical, transparent and explainable AI adoption, and propose safeguards against AI-driven cyber security threats within three months.
Stock Market Live: Karur Vysya Bank Launches Sponge Park In Tambaram
Karur Vysya Bank launched a sponge park in Tambaram in partnership with Tambaram City Municipal Corporation, according to an exchange filing.
Stock Market Live: European Markets Trade Lower As FTSE, STOXX 600 Decline
- European markets traded mostly lower, with the FTSE 100 down 1.01% at 10,402.04 and the STOXX 600 falling 0.61% to 635.38.
- Portugal’s PSI 20 declined 1.28%, OMXC 25 fell 1.15%, and Belgium’s BEL 20 slipped 0.83%.
- OMXS30 was the only index in the list to gain, rising 0.06% to 3,163.048.
Stock Market Live: Asian Markets Close Mixed As Kospi, Nikkei Gain
- South Korea’s Kospi rose 2.25% to 9,063.84, while Japan’s Nikkei 225 advanced 1.65% to 71,053.49.
- Hong Kong’s Hang Seng fell 1.59% to 23,924.81, Australia’s ASX 200 declined 0.62% to 8,911.10, and Shanghai slipped 0.43% to 4,090.481.
Stock Market Live: Mumbai Tanker Water Rates Rise After BMC Supply Cut
- Tanker rates in Mumbai have risen by Rs 200–500 since last week after BMC stopped water supply to construction sites amid delayed monsoon and falling lake levels, according to tanker suppliers and real estate developers.
- Non-potable water now costs Rs 1,800–2,000 per 10,000 litres, up 10–30%, while potable water costs Rs 2,500–3,500 per 10,000 litres, up 6–25%.
- Higher tanker costs could raise project execution expenses for real estate developers, as construction sites use non-potable water for curing and other work, and potable water for workers.
Stock Market Live: RBI Cancels Licence Of Shree Mahalaxmi Urban Co-Op Credit Bank
- The Reserve Bank of India cancelled the licence of Shree Mahalaxmi Urban Co-operative Credit Bank, Gokak, Karnataka, on June 18.
- The update was issued by the RBI.
Stock Market Live: SBI To Raise Up To Rs 60,000 Crore Via Bonds In FY27
State Bank of India will raise up to Rs 60,000 crore through bonds in FY27, according to an exchange filing.
Stock Market Live: Praj Industries Appoints Sachin Raole As Joint MD, CFO
Praj Industries appointed Sachin Raole as Joint Managing Director and Chief Financial Officer for five years, according to an exchange filing.
Stock Market Live: Somany Ceramics Says It Gained Market Share In Recent Months
- Somany Ceramics’ Abhishek Somany told NDTV Profit that the company has been able to clear inventory in the market.
- He said Morbi saw a 50–60 day shutdown, while the company gained market share in the last few months.
- Somany said current capacity will start to settle, and the price gap between Morbi and the company is close.
Stock Market Live: Govt Ratifies 8.25% EPF Interest Rate For FY26, PTI Reports
- The government has ratified an 8.25% interest rate on EPF deposits for 2025-26, PTI reported, citing a source.
- The interest is likely to be credited to more than seven crore contributing members this month.
- The finance ministry has given its concurrence to the rate fixed by the Central Board of Trustees of EPFO, according to the report.
Stock Market Live: Nifty, Sensex Turn Positive After Volatile Start
- Nifty 50 traded 29.10 points, or 0.12%, higher at 24,114.80 after swinging between gains and losses earlier in the session.
- Sensex rose 113.09 points, or 0.15%, to 77,268.71.
Stock Market Live: MAS Financial Says Working Capital Demand Remains Steady
- MAS Financial’s Dhvanil Gandhi told NDTV Profit that working capital demand has remained steady, though some segments face pressure from raw material prices.
- He said the company can offer limits of Rs 200–300 crore to borrowers and will start disbursals by next week.
Stock Market Live: EPFO Withdrawal Via UPI, ATMs May Go Live By June-End
EPFO members may soon be able to withdraw up to 75% of their EPF balance instantly into a bank account through UPI and UPI-enabled ATMs, sources said.
Testing for the facility has been completed, and the rollout is expected by the end of June.
Stock Market Live: India-UK FTA To Take Effect From July 15, Govt Sources Say
- The India-UK free trade agreement has been ratified and will come into force from July 15, according to government sources.
- Sources said more than 99% of India’s exports will enter the UK at zero duty, with Indian exporters set to receive an additional tariff benefit of 7–10%.
- They said the agreement opens access to a market worth more than $500 billion, compared with India’s current exports of $15 billion to the UK.
Stock Market Live: Prudential Seeks Strategic Investor Tag In ICICI Prudential Life
- Prudential is seeking to retain its entire stake in ICICI Prudential Life and may apply to IRDAI to be classified as a strategic investor instead of a promoter, sources said.
- Prudential holds a 21.9% stake in ICICI Prudential Life. IRDAI considers an entity a promoter if it holds more than 25% stake.
Stock Market Live: Tata Motors CV To Raise Prices By Up To 2.5% From July 1
- Tata Motors Commercial Vehicles will raise prices by up to 2.5% across its commercial vehicle range from July 1, according to an exchange filing.
- The company said the price increase is aimed at offsetting rising commodity prices.
Stock Market Live: JBM Ecolife Gets Rs 750 Crore Investment From MO Alternates
- JBM Auto said its arm JBM Ecolife received Rs 750 crore investment from MO Alternates, according to an exchange filing.
- The investment will be used to scale electric bus deployment in India.
Stock Market Live: Nifty, Sensex Trade Lower After Swinging At Open
- Nifty 50 traded 36.25 points, or 0.15%, lower at 24,049.45 after moving between 24,058 and 24,133.35 in opening trade.
- Sensex declined 146.58 points, or 0.19%, to 77,009.04 after earlier swinging between 77,066 and 77,281.
Stock Market Live: JM Financial’s Priyankar Biswas Says Defence Indigenisation Is Rising
- Priyankar Biswas of JM Financial Institutional Securities told NDTV Profit that India has seen meaningful steps towards indigenisation in defence.
- He said private defence companies are seeing lumpiness in orders, though private participation and procurement are rising.
- Biswas said he is constructive on BEL, citing its delivery track record, and is less constructive on HAL. He added that defence exports have surged, led by private players.
Stock Market Live: Julius Baer’s Mark Matthews Says Oil Below $90 Looks Manageable
- Mark Matthews of Julius Baer told NDTV Profit that oil prices below $90 per barrel look manageable as energy prices ease.
- He said the two-year US Treasury yield is above the Fed funds rate. He added that the Nifty 50 is less than 8% away from its all-time high after the selloff seen when the war began.
Stock Market Live: Julius Baer’s Mark Matthews Says Oil Below $90 Looks Manageable
- Mark Matthews of Julius Baer told NDTV Profit that oil prices below $90 per barrel look manageable, with energy prices now coming down.
- He said the two-year US Treasury yield is above the Fed funds rate. He added that the market selloff occurred when the war started, while the Nifty 50 is less than 8% below its all-time high.
Stock Market Live: IMD Says Southwest Monsoon Stalled Over Maharashtra
- The India Meteorological Department said the southwest monsoon has remained stalled over parts of Maharashtra due to the absence of favourable large-scale weather conditions.
- IMD said the monsoon advanced over parts of South Konkan and adjoining South Madhya Maharashtra on June 8.
- It said rainfall activity over the Konkan belt may increase around June 24–25, and conditions are being monitored.
Stock Market Live: ICICI Prudential Mutual Fund Sells 2% Stake In Kalpataru Projects
- ICICI Prudential Mutual Fund sold a 2% stake in Kalpataru Projects International through open market transactions between Dec. 10, 2021 and June 16, 2026.
- The disclosure was made in an exchange filing.
Stock Market Live: Wockhardt In Focus After USFDA Approves Oral Carbapenem
- Wockhardt is in focus after the USFDA approved an oral carbapenem, making a strong IV antibiotic available in tablet form for the first time.
- The treatment is used in the same complicated UTI segment where Wockhardt’s Zaynich operates. Patients may shift from hospital-based injections to at-home oral treatment, reducing the need for IV antibiotics.
- The update may add mild competitive pressure on Zaynich, though severe cases will still require injectable treatments.
Stock Market Live: Vaibhav Global Leads Jewellery Stock Gains
- Vaibhav Global rose 2.34%, while PC Jeweller gained 0.45% and Titan Company advanced 0.12%.
- Thangamayil Jewellery fell 1.82%, Sky Gold declined 1.32%, Renaissance Global slipped 1.10% and Motisons was down 1.04%.
- Kalyan Jewellers India traded 0.09% lower.
Stock Market Live: Bajaj Hindusthan, Dwarikesh Lead Sugar Stock Gains
- Bajaj Hindusthan Sugar rose 1.55%, while Dwarikesh Sugar Industries gained 1.05%.
- Avadh Sugar & Energy advanced 0.90%, Shree Renuka Sugars rose 0.60% and Balrampur Chini Mills gained 0.27%.
- Mawana Sugars was the only stock in the list to decline, falling 0.41%.
Stock Market Live: India Peak Power Demand Eases To 241 GW On Monsoon Showers
- India’s peak power demand eased to 241 GW as of June 16, down from the record high of 270.8 GW last month and 259 GW on June 9.
- Average spot power price fell 18% year-on-year to Rs 3.6 per kWh in mid-June.
- The real-time market price stood at Rs 4.5 per kWh on June 16, compared with Rs 6.5 per kWh on May 21, when demand hit record levels, according to IEX and Grid Controller of India data assessed by NDTV Profit.
Stock Market Live: New India Assurance Shares Rise Over 12% In Early Trade
- New India Assurance shares rose 12.66% to Rs 186.41 in intraday trade.
- The stock touched a high of Rs 187.80 after opening near its day’s low of Rs 167.74.
Stock Market Live: IOC, BPCL, HPCL Trade Higher In Early Trade
- Indian Oil Corp. rose 0.74%, while Bharat Petroleum Corp. gained 0.52%.
- Hindustan Petroleum Corp. advanced 0.24%.
Stock Market Live: IDFC First Bank, HDFC Bank Lead Bank Stock Gains
- IDFC First Bank rose 0.83%, while HDFC Bank gained 0.80%.
- Bank of Baroda advanced 0.27%, State Bank of India rose 0.25% and AU Small Finance Bank gained 0.22%.
- Federal Bank fell 0.54%, Kotak Mahindra Bank declined 0.38%, Canara Bank slipped 0.07% and ICICI Bank was down 0.06%.
Stock Market Live: Nifty IT Falls, Defence And FMCG Lead Sectoral Gains
- Nifty IT fell 1.71%, the most among sectoral indices, while Nifty Oil and Gas was little changed, down 0.02%.
- Nifty Defence rose 0.55%, followed by Nifty FMCG at 0.30%, Nifty Metal at 0.28% and Nifty PSU Bank at 0.26%.
- Most other sectoral indices traded higher, including Nifty Bank, Nifty Pharma, Nifty Auto and Nifty Realty.
Stock Market Live: Nifty, Sensex Swing Between Gains And Losses At Open
Nifty fell as much as 0.1% to 24,058 after rising as much as 0.2% to 24,133.35 in opening trade.
Sensex declined as much as 0.1% to 77,066 after gaining as much as 0.2% to 77,281.
Stock Market Live: Rupee Falls 19 Paise Against US Dollar
The Indian rupee depreciated as much as 19 paise to 94.72 against the US dollar.
Stock Market Live: Nifty, Sensex Trade Lower In Pre-Open
- Nifty 50 traded 14.35 points, or 0.06%, lower at 24,071.35 in pre-open trade.
- Sensex declined 197.50 points, or 0.26%, to 76,958.12.
Stock Market Live: Macquarie Sees Crude Price Fall Supporting Consumer Stocks
- Macquarie said a possible US-Iran peace deal on Friday could moderate inflation pressure, as seen in the correction in crude oil prices.
- The brokerage named Asian Paints, Titan, Trent, Devyani and HUL as preferred plays if inflation pressure stays lower.
- It said crude moderation could aid Asian Paints and HUL margins, while Titan may benefit if current account and gold import concerns ease.
Stock Market Live: Ambit Initiates Buy On Schneider Electric With Rs 1,400 Target
- Ambit initiated coverage on Schneider Electric with a Buy rating and a target price of Rs 1,400.
- The brokerage said the company is a proxy to the data centre theme and could benefit from Schneider Global’s focus on India as a manufacturing base.
- Ambit said commodity inflation may pose short-term margin risk, while business mix could support growth.
Stock Market Live: Macquarie Says Food Inflation May Be Cushioned By Water Storage
- Macquarie said IMD data showed a weak picture, but food inflation may not be as severe as feared.
- The brokerage said water storage is 16% above the long-term average, though 8% lower year-on-year. It said higher storage levels and government measures should help cushion food inflation.
Stock Market Live: Citi, Kotak Initiate Buy On Vedanta
- Citi initiated coverage on Vedanta with a Buy rating and a target price of Rs 560. The brokerage cited aluminium outlook, growth plans, cost focus and improving leverage, and expects the company to move to a net cash position by FY28.
- Kotak Securities initiated coverage on Vedanta Aluminium with a Buy rating and a target price of Rs 600. It said backward integration, aluminium prices, cash flows and deleveraging will remain key factors for the business.
Stock Market Live: Brokerages Stay Mixed On Tata Motors PV After Guidance
- BofA maintained Underperform on Tata Motors PV with a target price of Rs 335, while Jefferies kept Underperform with a target of Rs 300. Citi maintained Sell and cut its target price to Rs 320 from Rs 330.
- Morgan Stanley maintained Equal-weight with a target price of Rs 367, citing FY27 EBIT guidance as broadly in line. CLSA maintained Outperform but cut its target price to Rs 452 from Rs 468.
- Brokerages cited JLR’s FY27 guidance, North America expansion, new model launches, cost-cutting plans, EV launches and free cash flow outlook among key factors.
Stock Market Live: Shyam Metalics Targets Rs 42,647 Crore Revenue By FY31
- Shyam Metalics said it aims to grow revenue 2.3 times to Rs 42,647 crore and EBITDA 2.7 times to Rs 6,236 crore over FY26–31.
- The company is targeting 22% RoCE, 20% return on equity and a net cash position by FY31. It said stainless steel capex, aluminium foil exports and the railways business will support growth.
- JM Financial maintained Buy and raised its target price to Rs 1,100, while Jefferies maintained Buy and raised its target price to Rs 1,150.
Stock Market Live: Corona Remedies, DOMS Industries See Bulk Deals
- Sepia Investments sold 43.28 lakh shares of Corona Remedies at Rs 1,730 apiece. HDFC Mutual Fund bought 24.50 lakh shares, while Aditya Birla Sun Life Mutual Fund, Aberdeen funds, Invesco Mutual Fund, Kotak Mahindra Mutual Fund and WhiteOak Capital Mutual Fund were among other buyers.
- In DOMS Industries, Fila sold 42.48 lakh shares across two transactions at about Rs 2,200 apiece. SBI Mutual Fund bought 9.32 lakh shares and Axis Mutual Fund bought 3.61 lakh shares.
- HDFC Life Insurance sold shares in Finolex Industries, while bulk deals were also reported in Baazar Style Retail, Kitex Garments, Motisons Jewellers and SBC Exports.
Stock Market Live: LIC Holds 10.72% Stake In NSE Ahead Of IPO
- LIC is the largest key shareholder in NSE with a 10.72% stake.
- Aranda Investments holds 4.54%, Stock Holding Corp. holds 4.44%, SBI Capital Market owns 4.33%, and Mahogany has a 3.73% stake.
- SBI holds 3.23%, while PI Opportunities Fund, General Insurance Corp., New India Assurance and Oriental Insurance are also among key shareholders.
Stock Market Live: SBI Leads Selling Shareholders In NSE IPO OFS
NSE’s IPO offer for sale will include SBI selling 2.48 crore shares, the largest among selling shareholders.
MS Strategic (Mauritius) will sell 1.60 crore shares, while CPPIB will offer 1.19 crore shares.
Aranda Investments, Bank of Baroda, Stock Holding Corp., GIC Re and New India Assurance will each sell over 1 crore shares.
Stock Market Live: Reliance Jio Plans 1,600-Satellite Broadband Network, ET Reports
Reliance Jio plans to build a 1,600-satellite broadband network, The Economic Times reported.
The company is looking to launch satellite broadband services within three years, according to the report.
Stock Market Live: HFCL, RailTel, Lupin, Waaree Renewable Among Stocks In News
- HFCL received a Rs 2,666.09 crore contract from Rail Vikas Nigam for the BharatNet Phase-3 project in the Uttar Pradesh telecom circle.
- RailTel received a letter of intent for an order estimated at Rs 52.56 crore, while Rail Vikas Nigam received a Rs 967.92 crore order from East Coast Railway for bridge construction.
- Lupin launched Azilsartan Medoxomil tablets in the US after receiving US FDA approval for its abbreviated new drug application.
- Waaree Renewable Technologies received an additional order for an existing solar project, raising the contract value by Rs 31 crore to Rs 1,045 crore.
Stock Market Live: NSE Files Draft Papers For IPO With 14.89 Crore Shares In OFS
The National Stock Exchange filed its draft red herring prospectus with SEBI for its IPO.
The issue will be entirely an offer for sale of 14.89 crore shares. State Bank of India will sell 2.475 crore shares, making it the largest seller.
LIC will not sell any stake in the offer. Canada Pension Plan Investment Board, Bank of Baroda and GIC are among the other sellers.
Stock Market Live: Trump Signs US-Iran MoU To End War, Reopen Hormuz
US President Donald Trump said he signed the memorandum of understanding between the US and Iran on Wednesday, setting in motion steps to end the war and reopen the Strait of Hormuz.
Trump said the document was signed in Versailles during the G7 summit in France. Iranian President Masoud Pezeshkian signed on behalf of Iran.
Stock Market Live: Oil Prices Resume Decline As US-Iran Peace Arrangement Takes Effect
Brent crude fell back below $79 a barrel after gaining in the previous session, while West Texas Intermediate traded near $76.
Prices declined as an interim peace arrangement between the US and Iran came into effect, with focus shifting to crude flows through the Strait of Hormuz and Gulf output from suspended fields.
Stock Market Live: Asian Stocks Trade Mostly Higher As Nikkei, Kospi Extend Gains
- Japan’s Nikkei 225 rose 1.44%, while South Korea’s Kospi gained 0.93% as both indices extended gains to fresh highs.
- Thailand’s SET Index advanced 1.16%. Australia’s ASX 200 slipped 0.14%, while New Zealand’s NZX 50 eased 0.03%.
Stock Market Live: Fed Holds Rate Steady As Projections Signal Higher Rates
- The US Federal Reserve kept its benchmark rate unchanged at 3.5–3.75%, in line with expectations.
- Investors focused on updated projections, which showed the median estimate for the 2026 year-end policy rate rising to 3.8% from 3.4% in March.
- Fed Chair Kevin Warsh did not provide his own rate projection, adding to uncertainty over the rate path.
Stock Market Live: GIFT Nifty Trades Little Changed Ahead Of Market Open
GIFT Nifty traded at 24,091.50, compared with Wednesday’s Nifty 50 close of 24,085.70.
The early indicator pointed to a flat start for the Indian equity benchmark.
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