Stock Market Today: All You Need To Know Going Into Trade On June 24

Good morning!

The GIFT Nifty traded 0.45% higher at 25,162.00 as of 6:55 am, signalling a positive start to Indian equities.

US stock-index futures advanced after Donald Trump stated that Israel and Iran had agreed to a temporary ceasefire, raising expectations that tensions in the Middle East may ease.

Futures linked to the S&P 500 rose 0.5% on Tuesday, with equities opening in positive territory in both Japan and Australia. The US dollar declined against all major currencies in the Group-of-10, and US Treasury futures also fell.

The S&P 500 gained 1% on Monday while crude prices slipped below $70 per barrel.

The benchmark indices ended lower on Monday despite recovering from the sharp intraday lows that were triggered by the escalating geopolitical tensions.

The stock market had opened under pressure following the US strikes on Iran a day earlier, that raised concerns over possible retaliation and disruption of global oil trade routes through the Strait of Hormuz.

The broader indices slipped nearly 1% intraday, with NSE Nifty 50 falling below the 25,000 mark and Sensex down nearly 800 points before trimming losses.

The Nifty 50 closed 0.55% lower at 24,975.10, while the BSE Sensex ended 0.61% lower at 81,907.15.

Oil prices, particularly West Texas Intermediate crude, dropped by up to 6% in early trading across Asian markets after Trump published the statement on his Truth Social platform. The comment followed Iran’s missile attacks on a US military facility in Qatar, which were largely viewed as symbolic.

• Copper extended gains for the second day in a row, ended 0.4% higher.

• Aluminium extended gains for the second consecutive trading session, up 1.5%.

• Nickel ended lower for the second consecutive trading session, down 1.4%.

• Zinc resumed gains after Friday's blip, closed 2.2% higher.

  Lead ended 0.6% higher.

• S&P 500 futures were up 0.5%.

• Euro Stoxx 50 futures remained largely flat.

• Futures for Hong Kong’s Hang Seng Index increased by 0.3%.

• Japan’s Topix index moved higher by 1%.

• Australia’s S&P/ASX 200 index advanced by 0.7%.

• Adani Enterprises and Adani Ports and Special Economic Zone are scheduled to conduct their respective annual general meetings today.

• Union Home Minister Amit Shah is scheduled to preside over the 25th session of the Central Zonal Council today in Varanasi, Uttar Pradesh. Chief Ministers of the participating states and two senior ministers from each state are expected to attend.

• At 10:30 a.m. in Pune, Civil Aviation Minister Kinjarapu Rammohan Naidu, along with Minister of State for Civil Aviation Murlidhar Mohol, will speak at FICCI’s seventh Helicopters and Small Aircraft Summit 2025.

• Prime Minister Narendra Modi will inaugurate the centenary commemoration of the historical dialogue between Sree Narayana Guru and Mahatma Gandhi at 11 a.m. in Vigyan Bhawan, New Delhi. He will also address the attendees at the event.

• At 11:30 a.m. in New Delhi, NITI Aayog CEO BVR Subrahmanyam, Statistics Secretary Saurabh Garg, and NITI Aayog Distinguished Fellow Debjani Ghosh will unveil the latest issue of Future Front – Quarterly Frontier Tech Insights, titled India’s Data Imperatives: The Pivot Towards Quality.

• Finance Minister Nirmala Sitharaman will be the chief guest at the Export-Import Bank of India’s Trade Conclave taking place at 10:30 a.m. in New Delhi. Minister of State for Finance Pankaj Chaudhary and Finance Secretary M. Nagaraju are also scheduled to participate.

• Tata Motors will host a group interaction in Mumbai at 2 p.m. with Executive Director Girish Wagh, Passenger Vehicle Managing Director Shailesh Chandra, and Group CFO P.B. Balaji.

• At 3:45 p.m., the CPR-CSH will conduct a workshop titled Planned Cities, Unplanned Work: Rethinking Inclusion Through Informal Labour.

• At 4 p.m. CEST in Germany, the German Institute for Global and Area Studies will hold a panel discussion under the theme Many Friends, Few Responsibilities? India’s Sweetspot in Global Geopolitics.

• TVS Motors: The company announced the launch of the all new TVS HLX 150 5G in the Republic of Congo.

• Sona BLW Precision Forgings: The company appointed Jeffrey Mark overly as Chairperson.

• Satin Creditcare: The board is to meet on June 27 to consider raising funds up to Rs 5,000 crore via NCDs.

• Mahindra Lifespace Developers: The company announced the launch of Mahindra ‘Codename64’, a landmark residential development in Malad (West), Mumbai.

• KPIT: The company in its mid-quarter update mentioned that the overall business environment continues to be uncertain with rising geopolitical concerns and ambiguity around the overall tariff scenario. For the company, the pipeline continues to be strong. Substantial pipeline however is moving in a positive direction. In geos, Europe is looking positive. Do not expect to have any one-time gains in Q1FY26 vs Q4FY25.

• ITI: The company received a final tranche of Rs 25 crore from C-DOT, as part of executed sale agreement between ITI and C-DOT.

• Metro Brands: Clarks, the iconic British footwear brand has announced a strategic partnership with the company. Under the agreement, the company is appointed as Clarks exclusive retail and digital partner for India and neighbouring countries including Bangladesh, Bhutan, Nepal, Maldives and Sri Lanka. Metro Brands will manage Clarks’ e-commerce operations in India, the official Clarks India website and all digital commerce platforms, and has exclusive right to sell Clarks in all offline channels including Clarks mono-branded stores.

• Chambal Fertilizer: The board approved the dissolution of step-down arm ISGN Corp.

• All-Cargo Logistics -The company reported LCL volume down by 4% year-on-year at 7,28,000 cubic meters.

• Lemon Tree Hotels: The company signed a new 47-Room Property in Punjab.

• Avantel: The company re-appointed Abburi Vidyasagar as managing director for 3 years.

• Indo Count Industries: The company incorporated step-down arm Indo Count (Shanghai) commercial company.

• H.G Infra: The company was declared as lowest bidder for a project worth Rs 118 crore by military engineer services in Maharashtra.

• L&T: The company lists India’s First ESG bonds worth Rs 500 crore on NSE.

• Tata Motors: The company revealed the introductory pricing of the Harrier.EV for the rear-wheel drive variants. The bookings will open from July 2. The basic adventure variant will start from Rs 21.49 lakh, while the top variant will cost Rs 27.49 lakh.

• Hindustan Construction Company: Jaspreet Bhullar resigned as Managing Director and CEO.

• Cochin Shipyard: The company arm received an order in the range of Rs 100-250 crore to construct 2 luxury river cruise vessels.

• Kolte-Patil Developers: The company approved preferential shares worth up to Rs 417 crore to BREP Asia III on a private placement basis. The Issue price of the allotment is Rs 329 per share.

• Adani Energy: Adani Electricity Mumbai concluded open market repurchase of senior secured notes of $49.5 million.

• Acme Solar: The company's arm ACME Pokhran solar commissioned an additional 3.3 MW project. The total operational renewable energy capacity of the company increases to 2,829.5 MW.

• Garware Technical Fibres: UK based arm entered into a share purchase agreement to acquire Offshore & Trawl supply AS, a Norway-based provider of advanced synthetic cordage solutions for the offshore oil and gas, aquaculture, marine and commercial fishing industries.

• Quick Heal Technologies: The company re-appointed Kailash Katkar as Chairman and Managing Director for five years and Sanjay Katkar as Joint Managing Director for five years.

• Devyani International: The company increases its stake in arm Sky Gate hospitality to 86.1% from 80.7% for Rs 106 crore.

• Stocks exclusion from F&O: Aditya Biral Fashion, Adani Total Gas, CESC, Granules India, IRB Infra, Jindal Stainless, Poonawala Fincorp and SJVN.

• JSW Energy: Committee of creditors approved the settlement proposal for KSK water infrastructures.

• Enviro Infra Engineers: Arm EIE renewables acquired 49% stake in Soltrix energy solution. The company received LOI for Vento power infra from PTC India financial services to develop 40 MW grid connected solar power project in Odisha. The cost of acquisition of the project is Rs 115.6 crore. They also received new projects worth Rs 306 crore in domestic market.

• Swan Energy: The company formed SPV swan Balu heavy Industries, acquired 60% stake for Defence and Aerospace Venture.

• Balu Forge: The company formed SPV swan Balu Heavy Industries, acquired 40% stake for Defence and aerospace venture.

• SignatureGlobal India: The company's arm executes two sale deeds to purchase 9.96 acres land in Gurugram. They jointly have overall potential sales area of approximately 0.53 mn sq ft.

• Globe Civil Projects: The company will offer shares for bidding on Tuesday. The price band is set from Rs 67 to Rs 71 per share. The Rs 119-crore IPO is entirely a fresh Issue. The company raised Rs 35.69 crores from anchor investors.

• Ellenbarrie Industrial Gases: The company will offer shares for bidding on Tuesday. The price band is set from Rs 380 to Rs 400 per share. The Rs 825.53-crore IPO is a combination of fresh issue of Rs 400 crore and rest offer for sale. The company raised 255 crores from anchor investors.

• Kalpataru: The company will offer shares for bidding on Tuesday. The price band is set from Rs 387 to Rs 414 per share. The Rs 1,590 -crore IPO is entirely a fresh Issue. The company raised Rs 708 crore from anchor investors.  

• Dixon Technologies India: Sunil Vachani sold 16.7 lakh shares (2.77%) at Rs 13,301.47 apiece, while Motilal Oswal Mutual Fund bought 14.45 lakh shares (2.4%) at Rs 13,307.96 apiece.

• Kopran: Viraj Russell Mehta sold 4 lakh shares (0.82%) at Rs 179.6 apiece.

• Maharashtra Seamless: Promoter Global Jindal Fin-Invest Limited bought 1.35 lakh shares, Promoter Haryana Capfin Limited bought 1.14 lakh shares, Promoter Odd & Even Trades & Finance Limited bought 1.55 lakh shares, Promoter Amruit Promoters and Finance LLP sold 1 lakh shares, Promoter Amruit Promoters and Finance LLP sold 3 lakh shares.

• Ultramarine & Pigments: Promoter Narayan S sold 550 shares.

• Man Infraconstruction: Promoter Mansi P. Shah bought 67000 shares.

• List of securities to be excluded from ST-ASM Framework: HPL Electric & Power, IOL Chemicals and Pharmaceuticals, India Pesticides, K.P. Energy.

• Ex- Dividend: Alkyl Amines Chemicals, Vedanta and Polycab India.

• Shares to Exit Anchor Lock-In: Muthoot Microfinance (20%).

• Nifty June Futures down by 0.47% to 24,993 at a premium of 22 points.

• Nifty June futures open interest down by 15.6%.

• Nifty Options June 26 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.

• Securities in ban period: Biocon, RBL Bank.

• The Indian rupee closed 16 paise weaker at 86.75 against the US dollar on Monday.

• The yield on the benchmark 10-year government bond ended flat at 6.305%.