Good morning!
The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.17% at 24,067 as of 12:06 pm. Equity-index futures for the US (S&P 500) rose 0.15%. while Europe (Euro Stoxx 50) dipped 0.29%.
India Market Recap
Benchmark indices extended gains for a third consecutive session amid F&O expiry-led activity. The NSE Nifty 50 rose 0.57% to close at 23,989.15, gaining 135.25 points. The BSE Sensex advanced 0.71% to 76,808.48, up 544.15 points.
US Market Recap
Wall Street remained largely muted after previous session's truce deal backed rally, with S&P 500 and Nasdaq Composite opening little changed. Dow Jones Industrial Average, on the other hand, extended gains on Tuesday after clocking a record close on Monday.
S&P 500 opened at 7,555.42 levels, Nasdaq Composite slipped marginally by 0.07% to open at 26,666.41, and Dow Jones Industrial Average rose 0.42% to open at 51,889.
Nasdaq later edged 0.3% higher to 26,767.60 on the back Space Exploration Technologies Corp.'s extended rally.
Asian Market Update
Asian stocks fell on Wednesday as investors awaited the U.S. Federal Reserve's interest rate decision, with concerns over persistent inflation tempering sentiment despite signs of progress in talks between the U.S. and Iran. The declines was led by South Korea's Kospi in the region, dropping 0.93%. Japan's Nikkei 225 slipped 0.06%, while Australia's ASX 200 was down 0.05%.
Commodity Check
Oil prices stood near three-month lows on Wednesday as traders assessed the prospect of proposed US-Iran agreement and the reopening the Strait of Hormuz. Brent crude remained near $79 a barrel, continuing a sharp retreat that has erased much of the geopolitical premium built into prices during the recent conflict. West Texas Intermediate stood below $77 a barrel after tumbling 16% over the previous four sessions, its longest losing streak of the year.
ALSO READ:US Stock Market Today: Dow Hits New Record As Oil Cools; S&P 500, Nasdaq Little Changed
Stocks In News
- Infosys: Co. collaborates with Valmet to Reimagine IT Operations with AI Accelerated Transformation, to improve efficiency, resilience, and long-term business agility.
- Wipro: Announced the launch of its Applied AI Center of Excellence for Claude models powered by Anthropic, the Center was inaugurated at its Bengaluru innovation hub.
- Schneider Electric: Chinmoy Das, has tendered his resignation from the position of Whole-Time Director of the Co.
- Bharat Forge: Kalyani Strategic Systems (KSSL), defence arm of the Co. and Paramount, today unveiled Simha 4x4, a next-generation Light Armoured Multi-Purpose Vehicle at Eurosatory 2026.
- Kajaria Ceramics: Proposed Buyback of upto 21.50 lakh equity shares of face value of Rs 1 each, at a price of Rs 1380 per Equity Share through the tender offer route.
- Sudharshan Chemicals: Chairman and Promoter Rajesh Rathi raises stake, exercises 9.80 lakh warrants subscribed at a premium, completing a capital commitment of close to Rs 100 crore.
- Sanstar: Approval for issuance of 1.80 cr equity shares having face value of Rs. 2 for cash at an issue price of Rs 110, on preferential basis.
- Zydus Lifesciences: Announces the completion of acquisition of Assertio Holdings, acquiring approximately 66.32% of the total number of issued and outstanding shares of common stock.
- Tata Consulting Services: Announced a multi-year strategic partnership with Tottenham Hotspur Football Club, TCS will serve as the Club's Digital Transformation Partner, delivering advanced solutions across fan engagement, club operations and its broader digital ecosystem.
- Prostarm Info systems: Realignment of its manufacturing operations to improve efficiency and better utilize resources by consolidating locations. It will shift stabilizer and transformer operations from Pune to Navi Mumbai, while relocating lithium battery manufacturing from Navi Mumbai to Ahmedabad.
- General Insurance Corporation of India: The government offer sale of equity 3.50 crore equity shares of face value Rs. 5 each representing 2% of total equity shares fore non retail investors.
- Sona BLW Precision Forgings: Approved Capex of INR 626 million towards manufacturing of components and systems for robotics industry including advanced robotics.
- Poly Medicure: Poly Medicure received a Rs. 2.5 crore stamp duty and penalty demand from Delhi authorities, which it is challenging and expects no material impact.
- Lloyds Metals And Energy: Lloyds Steel's subsidiary subscribed to 5.85 lakh shares of Loka Metals through a rights issue in proportion to its existing shareholding.
- Aster DM Healthcare: Allotted 21.40 lakh fully paid-up Series A CCPS of face value of Rs. 50 each, and 18.40 lk partly paid-up Series B CCPS of face value Rs. 50, to certain identified investors.
- Zim Laboratories: Promoters of the Co. inter-se transferred 80,000 shares (0.15%) under SAST exemption.
- Ravindra Energy: EIM associate Co. along with PPL, has deployed 45 heavy-duty electric trucks for UltraTech Cement to transport clinker across North India, marking a major step in zero-emission long-haul logistics.
- NIBE: Co. Refutes Misleading Allegations and confirms that it meets all requirements and specifications given in Army Purchase Order for supply of Suryastra Rocket Launcher Systems.
- BSE: Approved the appointment of Shri Saurabh Shukla as Executive Director for Vertical 1 (Critical Operations) for a period of five years.
- Garware Technical Fibres: Completion of extinguishment of 16.17 lakh fully paid-up equity shares of face value of Rs10 each of the Co. at a price of Rs. 680 per equity share through the tender offer process.
- Anand Rathi Share and Stock Brokers: Co. invested 2 crore via rights issue to subscribe 15 lakh shares in its wholly owned subsidiary ARIVPL, with no change in shareholding percentage.
- Tata Communications – Issued Rs. 400 cr commercial paper at 7.05% discount rate, maturing on Sept 11, 2026, now listed on NSE.
- GIC Re – Appointed Hitesh R. Joshi as Chairman & Managing Director effective June 16, 2026, for term up to Sept 2028.
- KIMS – Launched QIP, set floor price at Rs. 771.73/share; issue opened June 16, final price to be decided on June 19.
- Crompton Greaves Consumer Electricals – GST appellate authority upheld tax demand (~Rs. 3.33 cr); Co. to appeal further, expects no material impact.
- Krishna Defence – Secured Rs. 45.64 cr order from Ministry of Defence for supply of special steel products for shipbuilding, to be executed over 8 months.
- Capri Global Capital – Board approved reappointed Rajesh Sharma as director & two independent directors, and reappointed Chief Risk Officer for 3 years
- Sula Vineyards – GST appellate authority upheld tax demand of ~Rs. 4.02 cr & penalty ~Rs. 4.10 cr
- Embassy Developments – Karnataka HC set aside earlier favourable order on land dispute (78 acres); matter restored for fresh hearing, with no coercive action to continue.
- Bank of Maharashtra – Revised MCLR rates, increasing 6‑month to 8.80% and 1‑year to 8.95%, effective June 17, 2026.
Insider Trades
HCL Technologies
Vama Sundari Investments Delhi Private Limited, Promoter bought 47,261 shares.
NGL Fine Chem
Sunita Potdar - Promoter Group, sold 1,281 shares.
Fusion Finance
Devesh Sachdev, Promoter/Promoter & Director and Promoter Group, sold 8,00,000 shares.
NCC
Sirisha Projects Private Limited, Promoter/Promoter & Director and Promoter Group, bought 3,24,411 shares
Eveready Industries India
Gyan Enterprises Private Limited, Promoter/Promoter & Director and Promoter Group, bought 1,71,586 shares.
Zydus Wellness
Samar Babubhai Patel - Promoter Group, bought 500 shares.
Aurum PropTech
Aurum RealEstate Developers Limited, Promoter/Promoter & Director and Promoter Group, bought 25,000 shares.
Sona BLW Precision Forgings – Board approved Rs. 62.6 Cr capex for entry into advanced robotics components business
Bulk Block Deals
Nxt-Infra Trust:
Larsen & Toubro sold 51.50 lk shares at price Rs. 97 each,
Nuvama Wealth Finance brought 51.50 lk shares at price Rs. 97 each
Gokul Refoils and Solvent:
Marwadi Shares And Finance sold 5.04 lk shares at price Rs. 40.7 each,
Necta Bloom Vcc - Necta Bloom One brought 5.04 lk shares at price Rs. 40.71 each
Sonata Software:
Polunin Emerging Markets Small Cap Fund LLC brought 19.21 lk shares at price Rs. 295.12 each
ALSO READ: NSE Vs BSE: How Does The IPO-Bound Exchange Stack Up Against India's Oldest Bourse?
ALTIUS TELECOM INFRASTRUCTURE TRUST:
NEO INFRA INCOME OPPORTUNITIES FUND II bought 1,30,00,000 shares at Rs. 165 per share
LARSEN & TOUBRO bought 3,80,00,000 shares at Rs. 165 per share
360 ONE PRIME bought 1,26,00,000 shares at Rs. 165 per share
BIF IV JARVIS INDIA sold 7,40,00,000 shares at Rs. 165 per share
BIF IV JARVIS INDIA sold 2,30,00,000 shares at Rs. 165 per share
ANAHERA INVESTMENT sold 3,80,00,000 shares at Rs. 165 per share
ROSSLAND IMC LIMITED PARTNERSHIP sold 2,86,00,000 shares at Rs. 165.05 per share
Trading tweaks
Price band changes from 20% to 10%
MSTC
F&O Cues
- Nifty June futures is up by 0.38% to 24007 at a premium of 18 points.
- Nifty Options 23rd June Maximum Call open interest at 24000 and Maximum Put open interest is also at 24,000.
Photo Credit: NDTV Profit
Photo Credit: NDTV Profit
Securities Under Ban for Trade
KAYNES
List of securities shortlisted in Long - Term ASM Framework Stage - I w.e.f. June 17, 2026
Apollo Micro Systems
NIBE
Shadowfax Technologies
List of securities shortlisted in Short - Term ASM Framework Stage - I w.e.f. June 17, 2026
Aegis Logistics
IFCI
Mstc
Rubicon Research
IZMO
Silver Touch Technologies
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
