Stock Market Highlights: Nifty Closes Below 24,000, Sensex Ends 0.35% Lower; IT Top Laggard

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Sectoral indices ended on a mixed note, with Nifty Defence emerging as the top gainer, rising over 1.4%, led by Paras Defence, which surged nearly 9%, and Cochin Shipyard, which gained more than 5.5%. The Nifty IT index was the biggest laggard, falling almost 3%, with LTIMindtree declining nearly 4% and Infosys losing over 3.5%.

Among broader sectoral trends, Nifty Defence snapped its four-day losing streak, while Nifty Pharma extended gains for a second straight session. Nifty Oil & Gas ended a two-day losing streak, whereas Nifty Financial Services, Nifty Bank, Nifty FMCG and Nifty PSU Bank each declined for a second consecutive day. Nifty IT extended its losses for a third straight session.

Broader markets outperformed the benchmark indices on Tuesday, with the Nifty Midcap 150 closing over 0.4% higher and the Nifty Smallcap 250 gaining more than 0.5%.

Within the midcap index, Cochin Shipyard surged over 5.5%, while Coromandel International rose nearly 4.5%, emerging as the top gainers. In the smallcap space, Ola Electric Mobility jumped more than 8%, and Transformers and Rectifiers (India) advanced over 5.5%, leading the gains in the Nifty Smallcap 250.

• Nifty closes in red, down for the 2nd consecutive day, down almost 0.3% today
• Eicher and Tata Consumer Products are top losers in Nifty 
• Eicher down almost 5%
• Tata Consumer Products  down over 3%
   

Stock Market News Today Live Updates: Nifty 50 continued its losing streak to settle 80 points lower or 0.34% at 23,865, while Sensex closed 0.33% lower. Nifty IT was the top laggard, while Defence was the top gainer.

Ravi Agrawal gets a six-month extension as CBDT Chairman. ACC clears re-appointment till December 31, 2026.

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Stock Market News Today Live Updates: Coal India plans to invest Rs 1,900 crore in research and development by FY30, the company said in an exchange filing.

The miner has significantly stepped up its R&D spending, with expenditure rising nearly four-fold to Rs 245 crore in FY25 from Rs 61 crore in FY24, as it focuses on technology, innovation and diversification initiatives.

Stock Market News Today Live Updates: Order to be executed in 30 months.

Stock Market News Today Live Updates: Transformers and Rectifiers (India) has received an order worth over Rs 1,000 crore from Power Grid Corporation of India for the manufacturing and supply of transformers, the company said in an exchange filing. 

CMR Green Q4 Results (Consolidated)

• Net profit grew 44.6% QoQ to ₹64.3 crore from ₹44.5 crore.
• Revenue increased 7.4% QoQ to ₹2,365 crore from ₹2,202 crore.
• EBITDA rose 31.4% QoQ to ₹129 crore from ₹98.2 crore.
• EBITDA margin expanded to 5.5% from 4.5% in the previous quarter.

Stock Market News Today Live Updates: India has launched the Unified Payments Interface (UPI) in Greece, marking another milestone in the global expansion of the country's digital payment ecosystem, according to Commerce and Industry Minister Piyush Goyal.

Stock Market News Today Live Updates: The auto industry has written to the Delhi government seeking changes to the proposed EV Policy 2.0, raising concerns over the provision to allow registration of only electric two-wheelers from April 1, 2028, according to a letter reviewed by NDTV Profit.

The industry said modern BS VI two-wheelers are already equipped with technologies such as electronic port fuel injection and three-way catalytic converters, which reduce particulate matter (PM) emissions to near-zero levels.

The industry argued that banning the registration of modern BS VI two-wheelers would not materially improve Delhi's air quality, as older pre-BS IV two-wheelers account for nearly 99.5% of PM emissions from the segment.

It said the policy should instead focus on the aggressive phase-out of older, more polluting vehicles. SIAM has urged the Delhi government to reorient the policy towards scrapping legacy vehicles rather than restricting the registration of cleaner, modern BS VI two-wheelers.

Stock Market News Today Live Updates: IRDAI Chairman Ajay Seth said the insurance industry needs to enhance trust in insurance products, adding that while the life insurance sector has performed well, it needs to do much more to meet the country's growth potential.

He noted that while the economy has grown 2.5 times over the last 25 years, insurance companies' revenues have expanded at a similar pace, even though rising incomes and significant unmet needs suggest much greater scope for growth. He said the life insurance industry is at a crossroads and must redefine its value proposition.

Seth said insurers need to focus more on Tier-II, Tier-III and smaller cities, while ensuring products cater to consumers across all income groups. He stressed that affordability remains a key factor in expanding insurance penetration. He also highlighted that 80% of pure protection policies of up to ₹25 lakh are concentrated with just three insurers, underscoring the need for broader participation across the industry.

Stock Market News Today Live Updates: The proposed joint venture between Dixon Technologies Ltd. and Vivo is moving closer to receiving the government's final approval, with the Centre in the final stages of issuing the approval letter, sources told NDTV Profit.

Jefferies on PI Industries
Maintain Buy with TP Rs 3,575

• PI's growth should accelerate as the innovation engines mature
• PI is adding layers of innovation on top of its agchem CSM expertise to tune up for the next decade
• Undertaking the difficult journey of investing long-term in R&D
• Also investing in capability augmentation in pharma CRDMO
• Changed GTM strategy by moving away from single to multiple distributors per geography
• Restriction on biological sales in India have also been lifted
• Company aspires for US$ 100mn of global sales (US$ 13mn in FY26) by 2030
• Project 12% adjusted PAT Cagr over FY26-28

Stock Market News Today Live Updates: Speaking on 11 years of Digital India, MeitY Secretary S. Krishnan said India now has around 100 crore broadband subscribers, while UPI processes nearly 75 crore transactions every day, with almost 98% of transactions by value being digital.

He noted that the IMF has recognised UPI as the world's largest real-time payments system, with nine countries already implementing it and more expected to follow. Krishnan added that the government has rolled out over 300 Direct Benefit Transfer (DBT) schemes, through which Rs 51.5 lakh crore has been transferred directly to beneficiaries.

Highlighting India's manufacturing progress, Krishnan said that while the country imported over 75% of its smartphones in 2014, smartphones have now become India's single largest export item.

He added that 48% of the value of electronics manufactured in the country is now produced domestically. On semiconductors, he said the government has approved 12 semiconductor projects, with CG Semi's semiconductor project set to be inaugurated this week, and more projects in the pipeline.

Stock Market News Today Live Updates: Official sources said the US is currently going through its approval process for AI, with the aim of putting certain safeguards and restrictions in place before the technology is more widely distributed. The sources noted that the impact of AI could be far-reaching across multiple sectors, including cyber security.

The sources added that the government supports the development of Indian AI models and believes the country should have strategic autonomy in critical technologies, underscoring the importance of building indigenous capabilities in artificial intelligence.

Stock Market News Today Live Updates: Rishi Anand, MD & CEO of Aadhar Housing Finance, told NDTV Profit that construction activity remains resilient despite rising costs, although higher input prices have pushed up property ticket sizes. He said construction costs have been on an upward trajectory since the Covid-19 pandemic, with around 35% of the company's customers in the self-construction segment. Anand added that 27% of Aadhar Housing Finance's portfolio comprises loan-against-property customers.

On the business outlook, Anand said the company expects to deliver around 20% AUM growth over the medium term. He noted that the top three to four housing finance companies have been growing at a 20% CAGR, reflecting healthy demand in the affordable housing space. He also said the ongoing conflict in the Middle East has had no impact on the consumer segment so far.

Stock Market News Today Live Updates: Ceigall India's subsidiary has executed a Rs 1,700 crore power purchase agreement with Rewa Ultra Mega Solar Ltd. for supplying 220 MW of solar power in Madhya Pradesh, the company said in an exchange filing. 

Stock Market News Today Live Updates: Aurobindo Pharma has completed the acquisition of Lannett following clearance from the US Federal Trade Commission (FTC) on June 18, the company said in an exchange filing.

As part of the transaction, around 400 Lannett employees will become part of Aurobindo Pharma's US business, strengthening the company's presence in the American generics market.

Stock Market News Today Live Updates: Harshal Dasani, Business Head, INVAsset PMS says, "The Nifty's session today is a clean illustration of the consolidation phase the market continues to occupy. The index opened higher on the back of constructive overnight global cues, but has slipped back below the 23,900 mark as selling pressure has intensified through the session. The failure to sustain early gains signals that buyer commitment at higher levels remains thin and that institutional positioning is still defensive. The India VIX around the 13.5 zone reflects measured caution rather than a full risk-off shift."

Stock Market News Today Live Updates: Nifty IT slumps to its lowest level since April 2023, down over 42% from record highs and 30% since February 2026, with all constituents in the red as TCS, Infosys, LTIMindtree, HCL Tech and Persistent hit multi-year lows.

• Nifty IT hits a new low, now down over 42% from all-time highs.
• Nifty IT on the lowest level since Apr 2023.
• Nifty IT is down over 30% since Feb 2026.
• All Nifty IT constituents in red.
• TCS & Infosys lead the fall, both down over 2.5% today.
• TCS, Infosys, LTM, HCL Tech, Persistent hit new multi-year lows.
• TCS on the lowest level since June 2020.
• Infosys on the lowest level since Sept 2020.
• LTM on the lowest level since May 2021.
• HCL Tech on the lowest level since May 2023.
• Persistent on the lowest level since Apr 2025.

Stock Market News Today Live Updates: Ashwini Agarwal, Founder of Demeter Advisors, told NDTV Profit that foreign portfolio investors are likely to turn positive on India once the rupee stabilises.

• Agarwal said the upcoming earnings season is difficult to predict.
• He noted that Q1 FY26 recorded the weakest earnings momentum of all quarters.
• According to him, domestic investors remain highly sensitive to quarterly earnings performance.
• He said improving credit growth is signalling positive cues for the economy.
• Agarwal believes electric vehicles are gaining traction but are not a one-stop solution.
• He added that wider EV adoption will depend on better access to charging infrastructure.
• He pointed out that private bank valuations are currently at record lows.
• He expects earnings growth to act as the key catalyst for a re-rating in private banking stocks.

Stock Market News Today Live Updates: Eicher Motors shares fell as much as 6% after the Delhi Cabinet approved the Delhi EV Policy 2026–2030, which will come into effect from July 1. The policy remains unchanged from the draft unveiled in April and envisages a Rs 15,000 crore investment over FY27–FY30 to accelerate electric vehicle adoption in the national capital.

The decline comes as investors flagged Royal Enfield's lack of an electric vehicle portfolio as a potential disadvantage under the new policy, which is expected to further encourage EV adoption, particularly in the two-wheeler segment.

Stock Market News Today Live Updates: Most sectors trade in the red, with IT leading the losses.

Stock Market News Today Live Updates: Benchmarks recovered from the Monday blues to open higher. 

• Nifty opened 0.36%, higher at 24,032
• Sensex was up 0.36%, at 77,005.05 at open

Stock Market News Today Live Updates: Brokerages have retained their constructive stance on HDFC Bank after the lender announced key leadership appointments, saying the management changes strengthen governance and are unrelated to the bank's underlying business fundamentals.

Jefferies maintained its Buy rating on HDFC Bank with a target price of Rs 1,050, noting that the appointments could be followed by a renewal of CEO Sashidhar Jagdishan's tenure and reiterated that HDFC Bank remains one of its top banking picks.

Kotak Institutional Equities echoed a similar view, not viewing the resignation of Axis Bank CFO Puneet Sharma or Bandhan Bank CFO Rajeev Mantri as negative developments for the respective banks. 

ALSO READ: HDFC Bank Remains 'Top Pick'; Leadership Shuffle No Cause For Concern, Say Brokerages

Stock Market News Today Live Updates: The Indian rupee opened marginally weaker at 94.57 against the US dollar, compared with its previous close of 94.54.

The domestic currency declined by 3 paise at the opening, tracking global currency and market cues.

Stock Market News Today Live Updates: Nifty 50 traded 120 points, or 0.5%, higher at 24,057.30 in pre-market trade. Sensex was up 377 points, or 0.45%, at 77,076.05.

Stock Market News Today Live Updates: The trade agreement between India and the United States is within touching distance of the finish line, US Ambassador to India Sergio Gor said on Tuesday, describing the deal as virtually complete even as a few outstanding items continue to be worked through.

Speaking at the IX US-India Strategic Partnership Forum (USISPF) Leadership Summit 2026 in Washington DC, Gor said the agreement had advanced further than most anticipated.

"That trade deal, we thought was done, until the Supreme Court decided to have it underway. And so we continue to pursue that, and we are very close... Most of this deal is complete. There's a few items that are made for both sides, but it's in the last 1-2% of that deal," he said.

Read more: India-US Trade Deal In Final Steps, US Envoy Sergio Gor Says 'It's In The Last 1-2%'

Stock Market News Today Live Updates: Gaurav Udani, Founder of Thincredblu, expects the Nifty to open marginally higher around 23,965, up about 20 points, indicating a subdued start to Tuesday's session. However, with monthly expiry due today, he expects heightened volatility and sharp intraday swings as expiry-related position adjustments and options unwinding could amplify market moves.

Technically, Udani sees the 23,900–24,000 zone as a key support area, while 24,200–24,300 remains the immediate resistance range. He believes a breakout on either side will determine the market's next directional move. Given the expiry setup, he advises traders to avoid aggressive positions at the open and instead focus on disciplined, level-based trading, with price action around key support and resistance likely to offer the best opportunities.

Stock Market News Today Live Updates: Adani Ports and Special Economic Zone (APSEZ) has signed a share purchase and subscription agreement with Mundi, a subsidiary of Terminal Investment Limited (TiL), the terminal arm of Mediterranean Shipping Company (MSC), to sell a 49% stake in Adani Vizhinjam Port Pvt. Ltd. (AVPPL).

The transaction values the Vizhinjam Port at $2.85 billion, with TiL committing a total investment of $1.4 billion for the stake.

Under the agreement, $539 million will be paid towards the initial acquisition of the 49% stake, while the remaining $858 million will be invested towards the port's expansion by December 2028. APSEZ will retain a 51% stake, continue to hold majority control of the board, and AVPPL will remain a consolidated subsidiary of Adani Ports.

Stock Market News Today Live Updates: OYO's parent company, Prism, has filed updated draft papers for its proposed initial public offering, according to sources. 

• OYO parent Prism files updated papers for Rs 6,650 crore IPO
• Plans a Rs 6,650 crore fresh issue with no offer for sale
• May also consider pre-IPO placement aggregating up to Rs 1,330 crore 
• Most of the proceeds will be used to repay borrowings and strengthen its balance sheet
• Proposes to use Rs 4,987.5 crore from proceeds for repayment or prepayment of borrowings

Stock Market News Today Live Updates: Yes Bank said it has received an income tax refund of Rs 879 crore for Assessment Year 2018–19.

The refund is above the bank's materiality threshold of Rs 120 crore and includes certain interest income, according to an exchange filing.

Stock Market News Today Live Updates: Brokerages issued fresh views on HDFC Bank, Pidilite, Mahindra & Mahindra (M&M), UPL, Prestige alongside commentary on the auto sector, banks and financials.

Jefferies on HDFC Bank

• Maintain Buy with TP of Rs 1050.
• Chairman & CFO Appointments; CEO Renewal May Follow.
• HDFC Bank stays among top picks.

Macquarie on Pidilite

• Maintain Underperform with TP of Rs 1250.
• Constructive near-term outlook.
• Limited demand impact from price increases.
• Limited impact on demand despite price hikes.
• Reiterating 20-24% margin range.
• Focus on volume growth improvement.
• Price cuts to be considered if input costs moderate sharply.

HSBC on Mahindra & Mahindra (M&M)

• Maintain Buy with TP of Rs 4200.
• EV penetration in 4Ws has surged in recent weeks, driven by concerns over the fuel price outlook.
• Think the medium-term outlook (FY30-32) for EV penetration remains, at best, in the mid-teens.
• OEM margins are likely to be healthy in FY27/28, thanks to PLI and then fall in FY29.

MS on Auto Sector

• 2026 Delhi EV Policy, prescribes sizable incentives for E2Ws, 3W SCVs, and buses.
• Also prescribes ICE phase-out mandates.
• Delhi remains a small portion of ICE 2W/3W sales, but such policies becoming a template for other cities. remains a key risk to monitor.
• Expect strong pushback to this ban from dealers and OEMs.
• Scrappage of old fleet across segments is the best way to handle transport-related emissions.
• Less EPS Impact but could weigh on multiples.
• Eicher in particular needs a successful EV now.

HSBC on UPL

• Maintain Buy with TP of Rs 880.
• Discussions with several industry stakeholders over a two-day trip to Punjab reflect optimism in the region.
• Better farmer cash position points to 5-10% growth in Q1FY27 for ag-inputs consumption, even as sowing is delayed.

MS on Prestige

• Maintain Overweight with TP of Rs 1920.
• Big Jump in IP income in FY29.
• Strong Sell Through Continues.
• According to PROPEQUITY, in the first two months of Q1, Prestige pre-sales was Rs 6300 cr, tracking ahead of the run rate.
• Demand remains intact from any perceived slowdown from AI-related job losses in Bangalore or Hyderabad.
• Expect rents to go up further.
• Hospitality listing could wait for new Aerocity hotel with 778 keys to be completed.
• FY29 rental potential of Rs 4000 cr at 7.5% cap rate is equal to 2/3rds of the Enterprise Value.
• This suggests attractive residential/hospitality valuation.

Kotak on Banks

• HDFC Bank has strengthened its leadership.
• Do not view these management changes as negative for the respective banks.
• They appear unrelated to underlying business fundamentals.
• Constructive view on the banking sector remains intact.
• This is supported by attractive valuations and a favorable risk-reward outlook.
• Prefer frontline banks - HDFC Bank and ICICI Bank - among private lenders and SBI among public sector lenders.

Jefferies on Financials

• How to Ride Potential Success of FCNR-B.
• NBFCs & Small Pvt Bks To Gain More.
• With some rate hikes, expect that FCNR-B & ECB schemes may gather $50-70bn.
• Better way to play this will be through NBFCs &smaller private banks, rather than larger private banks & PSUs.
• NBFCs and small pvt banks may benefit more from easier liquidity & rates.
• 2013 playbook may not be relevant when RBI was fixing CPI, so it kept a tight leash on rates & liquidity.
• Bajaj Finance, Chola Finance, AU SFB, IndusInd Bank, Bandhan, SBI Cards can benefit.
• Among non-lending financials, life insurers can benefit with steeper yield curve.

Stock Market News Today Live Updates: Jefferies on Maruti

• Upgraded Maruti to Buy from Hold and hiked the target price to Rs 16,500 from Rs 13,800.
• Said easing macro concerns have improved the outlook.
• Noted that India's passenger vehicle demand has remained strong in H1CY26.
• Said easing Middle East tensions and lower crude prices have reduced demand-side risks.
• Softer metal prices are expected to ease margin pressures.
• Upgraded FY27–29 EPS estimates by 2–4% and expects a 16% EPS CAGR over FY26–29.
• Believes the stock's valuation of 24x FY27 PE is reasonable.

Stock Market News Today Live Updates: South Korea is looking to deepen collaboration with India in emerging technologies such as artificial intelligence (AI) and critical minerals, as both countries seek to strengthen strategic supply chains. Speaking to ANI, Lee Seong-ho, South Korea's Ambassador to India, said the two countries have identified these sectors as areas of mutual interest following recent discussions between External Affairs Minister S Jaishankar and South Korean Foreign Minister Cho Tae-yul.

"These are emerging critical technologies that are of mutual interest for both our countries. Both leaders have shown great interest in broadening, expanding and deepening our collaboration in these areas," Lee said.

He added that AI has become a key focus of bilateral engagement. On critical minerals, Lee said India has been placing greater emphasis on securing supplies, presenting new opportunities for cooperation.

"India has been paying more attention to this area. We believe we have enormous potential to further explore possibilities," he said.

Stock Market News Today Live Updates: Indian benchmark indices ended Monday’s session firmly in the red.

• Sensex fell 372 points; Nifty 50 closed below 23,950.
• PSU banks and media stocks led the decline; the Nifty Auto index dropped over 2%.

Persistent Systems was the standout loser, crashing nearly 11% to a 52-week low after its €1.27 billion Nagarro acquisition. Nuvama cut its target price by over Rs 1,000, calling the deal expensive despite backing its long-term strategic logic.

Stock Market News Today Live Updates: Asian equities surrendered early gains on Tuesday as investors turned cautious ahead of the latest round of US-Iran talks in Doha, with uncertainty over the Strait of Hormuz keeping sentiment in check.

South Korea's Kospi erased its opening gains to trade 1.6% lower, while Japan's Nikkei 225 gave up most of its advance to trade largely flat. Earlier in the session, the Nikkei had risen more than 1.4%, the Topix gained 0.9%, and the Kospi was up over 1%, tracking overnight strength on Wall Street.

Meanwhile, the Japanese yen remained under pressure, trading around 161.9 per US dollar after weakening to its lowest level since 1986 in the previous session, adding to concerns over currency volatility in the region.

Stock Market News Today Live Updates: US markets staged a sharp turnaround overnight as the AI trade found its footing again after last week’s pullback.

• The Dow Jones Industrial Average rose 306.63 points, or 0.59%, to close at a record 52,182.74.
• The S&P 500 gained 1.18% to settle at 7,440.43.
• The Nasdaq Composite surged 2.07% to 25,820.14, with the Nasdaq 100 up over 2.25%.

Alphabet jumped nearly 5% on its debut as a Dow component, replacing Verizon, while Tesla rallied 8.45% and Amazon added 3.18%. Sentiment was also helped by easing US-Iran tensions, with fresh peace talks scheduled in Doha today.

Stock Market News Today Live Updates: After Monday’s broad-based selloff and a record-setting close on Wall Street, domestic benchmark indices Sensex and Nifty 50 are poised for a flat-to-positive start on Tuesday.

GIFT Nifty on the NSE IX traded higher by 0.25% at 23,999.50, signaling that Dalal Street could recover on Nifty’s weekly expiry and the last day of the June quarter.

Stock Market News Today Live Updates: Hello and welcome to NDTV Profit's live coverage of stock market news today, with the top market directions in India, Asia Pacific and the West. From pre-market signals to the most buzzing stocks in trade, we bring you all the top developments from D-Street to keep you updated throughout the day.

Stay tuned to NDTV Profit for all back-to-back live updates of the Indian stock market, trending stock calls, global indices and company announcements on Tuesday, June 30, 2026.