Sensex Today | Stock Market Live: GIFT Nifty indicates a flat start; US, Asian markets gain

Technology stocks remained at the centre of the selloff. Infosys plunged 7.5 percent, making it the worst-performing Nifty stock, while TCS, Tech Mahindra, HCL Technologies and Wipro fell between 2 percent and 5 percent. HDFC Bank and Mahindra & Mahindra also featured among the top drags on the index.

Defensive and telecom stocks helped limit the market’s losses. Eternal led the gainers with a rise of 1.5 percent, while Bharti Airtel gained 1.3 percent. Power Grid, NTPC, Adani Enterprises, Nestle India and Bajaj Finance also traded in positive territory.

Pharma stocks remained among the few bright spots, with the Nifty Pharma index gaining 0.5 percent. Media stocks rose 0.3 percent, while Energy and Infrastructure traded near flat. Meanwhile, India VIX climbed 4.4 percent, indicating heightened market volatility, even as the Nifty Smallcap 100 managed to stay marginally positive.

The Nifty IT index continued to lead sectoral losses, declining 4.5 percent as investors sold large-cap technology names. Consumer durables fell 1.1 percent, while Realty, Oil & Gas, FMCG, private banks and PSU banks also traded in the red, keeping pressure on benchmark indices.

Indian equities remained under pressure in late afternoon trade, with the Sensex down nearly 726 points and the Nifty hovering below the 24,000 mark. Market breadth continued to favour declines, with 2,001 stocks falling against 1,822 advancing shares, reflecting persistent selling pressure despite support from a handful of heavyweight stocks.

Shares of Pine Labs remained in focus after a block deal involving 93.48 lakh shares, or 0.82 percent of the company’s equity, was executed on the exchanges. The transaction was valued at around Rs 143.3 crore and was carried out at an average price of Rs 154 per share. The stock traded 0.6 percent higher at Rs 150.72.

Infosys remained the biggest drag on the Nifty, shaving nearly 47 points off the index. HDFC Bank was the second-largest negative contributor, followed by TCS. Mahindra & Mahindra and HCL Technologies also weighed heavily on benchmark performance as investors continued to exit large-cap technology and financial stocks.

Among the stocks supporting the Nifty, Bajaj Finance contributed the most positive points to the index, followed by Bharti Airtel and Eternal. ICICI Bank and Titan Company also helped offset part of the pressure from the sharp selloff in technology stocks.

Broader market performance was mixed, with the Nifty Smallcap 100 edging up 0.1 percent while the Nifty Midcap 100 slipped 0.1 percent. Meanwhile, India VIX climbed 5.8 percent, signalling a rise in investor caution and near-term market volatility expectations.

Pharma stocks bucked the broader weakness, with the Nifty Pharma index rising 0.5 percent. Media stocks gained 0.2 percent, while the Energy and Infrastructure indices managed to hold marginal gains, helping limit the market’s decline.

The Nifty IT index remained the biggest drag on the market, plunging 4.9 percent, far underperforming all other sectors. Realty fell 1.2 percent, while private banks, PSU banks, FMCG and auto stocks also traded in the red, adding to pressure on benchmark indices.

Indian equities remained weak in afternoon trade, with the Sensex down 780 points and the Nifty hovering near the 23,950 mark. Market breadth stayed negative, with 2,009 stocks declining against 1,770 advancing shares, indicating broad-based selling despite support from select heavyweight stocks.

The selloff intensified in afternoon trade, with the Sensex falling nearly 900 points and the Nifty slipping below the 23,950 mark. Declining stocks outnumbered advances, with 2,001 shares falling against 1,735 gainers, indicating broad-based weakness beyond the sharp correction in IT stocks.

Despite the broader selloff, the Nifty Pharma index gained 0.5 percent and the Nifty Smallcap 100 index remained marginally positive, outperforming the benchmark indices.

The Nifty Bank index declined 0.8 percent, while the Nifty PSU Bank index fell 1.1 percent and the Nifty Realty index dropped 1.2 percent, amplifying the weakness in frontline indices.

India VIX jumped 7 percent to 13.56, reflecting a sharp increase in market nervousness as benchmark indices extended losses during the session.

The Nifty IT index fell 5.2 percent, remaining the worst-performing sector by a wide margin. The sharp decline in technology stocks continued to weigh heavily on both the Sensex and Nifty.

Latest data shows silver July futures on the MCX were trading about Rs 7,000 lower, or nearly 3%, at Rs 2.3 lakh per kg. Similarly, gold August futures were down around Rs 2,750, or nearly 2%, at Rs 1.46 lakh per 10 grams. Read More

Persistent, Mphasis, Tata Elxsi and Coforge featured among the top midcap losers as the selloff spread across the broader technology space.

Persistent Systems fell 4.5 percent, while Mphasis, Tata Elxsi, Coforge and LTIMindtree-linked technology names remained under pressure.

Bharat Dynamics gained over 4 percent, while BHEL and GE Vernova T&D rose more than 3 percent each.

New India Assurance jumped nearly 10 percent to top the BSE Midcap gainers list. Bharat Dynamics, Ipca Laboratories and ITC Hotels also posted strong gains.

Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro were all among the top losers, highlighting the broad-based nature of the selloff in the technology sector.

Infosys plunged nearly 8 percent, emerging as the biggest loser on the Nifty. TCS, Tech Mahindra, HCL Technologies and Wipro also posted steep declines.

Bharti Airtel gained 0.9 percent, while Sun Pharma, Apollo Hospitals and Nestle India traded in positive territory despite the broader market weakness.

NTPC rose 1.1 percent to top the Nifty gainers list. Bharti Airtel, Jio Financial Services, Power Grid and Adani Enterprises were also among the gainers.

The Nifty Smallcap 100 index gained 0.3 percent and the Nifty Midcap 100 index was down only 0.1 percent, showing relatively better resilience than the benchmark indices.

The volatility gauge rose 5.7 percent to 13.39, indicating increased nervousness among traders as benchmark indices weakened.

The Nifty Pharma index gained 0.4 percent and the BSE Healthcare index rose 0.4 percent, helping limit the market’s decline.

The BSE Telecom index advanced 1.3 percent, while the Nifty Media index gained 0.7 percent, providing pockets of strength amid the broader selloff.

The BSE Capital Goods index rose 0.9 percent, while the BSE Power index gained 0.9 percent, emerging among the strongest sectoral performers.

The Nifty Realty index declined 1.1 percent and the Nifty Auto index fell 0.8 percent, adding to the negative market tone.

The Nifty Bank index fell 0.7 percent, while the Nifty Private Bank index lost 0.6 percent as investors booked profits in heavyweight lenders.

The BSE TECk index declined 3.2 percent, reflecting broad-based weakness across software and technology names.

The Nifty IT index plunged 5.4 percent and the BSE IT index fell 5.1 percent, making technology the biggest drag on benchmark indices.

The Sensex dropped over 800 points while the Nifty slipped below the 24,000 mark as investors sold technology and financial stocks.

#1 Company navigating recent challenges well

#2 Higher cost of funds remains a key headwind

#3 Motor finance recovery may be delayed by one quarter

#4 See margin expansion and better operating efficiency ahead

Tata Capital was quoting at Rs 348.25, up Rs 3.60, or 1.04 percent. It has touched an intraday high of Rs 351.95 and an intraday low of Rs 342.55.

#1 Company guides for 2.5-3x revenue growth by FY30

#2 Targets EBITDA margin in early to mid-teens

#3 See premium brands and owned labels driving growth

FSN E-Commerce Ventures Nykaa was quoting at Rs 302.15, up Rs 4.05, or 1.36 percent.

It has touched an intraday high of Rs 302.90 and an intraday low of Rs 298.20.

It was trading with volumes of 265,602 shares, compared to its five day average of 1,911,092 shares, a decrease of -86.10 percent.

The Sensex was down 819.26 points or 1.06 percent at 76,590.72, and the Nifty was down 224.35 points or 0.93 percent at 23,943.65. About 1833 shares advanced, 1725 shares declined, and 169 shares unchanged.

Advance/Decline (Intra-day)

#1 Accenture guidance cut signals further near-term growth moderation

#2 See risk of further earnings estimate cuts for Indian IT

#3 Expect greater focus on M&A and new client wins to drive growth

Prabhudas Lilladher has downgraded HPCL to ‘hold’ from ‘accumulate, with target Rs 384 and downgraded BPCL to ‘reduce’ from ‘accumulate, with target Rs 291.

Hindustan Petroleum Corporation was quoting at Rs 394.65, down Rs 6.75, or 1.68 percent.

It has touched an intraday high of Rs 400.95 and an intraday low of Rs 394.50.

It was trading with volumes of 68,901 shares, compared to its five day average of 444,470 shares, a decrease of -84.50 percent.

Bharat Petroleum Corporation was quoting at Rs 309.90, down Rs 6.30, or 1.99 percent.

It has touched an intraday high of Rs 315.50 and an intraday low of Rs 309.60.

It was trading with volumes of 114,646 shares, compared to its five day average of 764,168 shares, a decrease of -85.00 percent.

#1 Entered into an agreement with Oppo India for manufacturing smartphones for Oppo, OnePlus & Realme brands

#2 See 10-15 million smartphone opportunity across Oppo Group brands

#3 Deal could lift valuation by low double-digits to high teens

#4 Deal marks Amber’s entry into smartphone manufacturing

#5 Deal could increase competitive pressure on Dixon Technologies

KEI Industries was quoting at Rs 5,500, down Rs 147.25, or 2.61 percent.

It has touched an intraday high of Rs 5,652.50 and an intraday low of Rs 5,494.10.

It was trading with volumes of 10,975 shares, compared to its five day average of 21,225 shares, a decrease of -48.29 percent.

In the previous trading session, the share closed down 0.04 percent or Rs 2.30 at Rs 5,647.25.

The share touched a 52-week high of Rs 5,684.95 and a 52-week low of Rs 3,504.00 on 18 June, 2026 and 23 June, 2025, respectively.

Currently, the stock is trading 3.25 percent below its 52-week high and 56.96 percent above its 52-week low.

Market capitalisation stands at Rs 52,580.33 crore.

#1 Planned demerger appears largely neutral for shareholders

#2 See execution risk and dependence on fleur for growth

#3 See concerns around capital allocation at fleur

Lemon Tree Hotels was quoting at Rs 112.80, up Rs 0.90, or 0.80 percent.

It has touched an intraday high of Rs 113.50 and an intraday low of Rs 111.85.

It was trading with volumes of 410,820 shares, compared to its five day average of 251,648 shares, an increase of 63.25 percent.

VA Tech Wabag has secured the Design, Build, Operate (‘DBO’) contract for the Doha SWRO Desalination Plant with Recarbonation System – Stage II in Kuwait, from the Ministry of Electricity, Water & Renewable Energy (‘MEWRE’), Kuwait.

This project will be executed through an unincorporated Joint Venture (‘JV’) led by WABAG, in association with Heavy Engineering Industries & Shipbuilding Company K.S.C. (‘HEISCO’), as the JV partner.

Va Tech Wabag was quoting at Rs 1,900, up Rs 77.30, or 4.24 percent.

It has touched a 52-week high of Rs 1,919.

It has touched an intraday high of Rs 1,919 and an intraday low of Rs 1,848.45.

It was trading with volumes of 68,175 shares, compared to its five day average of 17,544 shares, an increase of 288.59 percent.

TruAlt Bioenergy has received approval for financial assistance of Rs 150 crore under the Government of India’s PM JI-VAN Yojana (Jaiv Indhan–Vatavaran Anukool Fasal Awashesh Nivaran Yojana) for its proposed commercial-scale sustainable aviation fuel (SAF) project.

TruAlt Bioenergy was quoting at Rs 496.45, up Rs 7.80, or 1.60 percent. It has touched an intraday high of Rs 504.00 and an intraday low of Rs 491.10.

#1 Accenture cuts FY26 revenue growth guidance to 4-5 percent from 4-6 percent

#2 Q3 revenue meets estimates, EPS beats street expectations

#3 Managed services growth stays healthy, order book drops 14.70 percent YoY

#4 Guidance cut reflects macro weakness rather than AI impact

#5 Rising headcount seen as an encouraging demand indicator

The Reserve Bank of India has granted approval for the extension of Keki Mistry’s tenure as Interim Part-time Chairman of HDFC Bank for a further period of three months, until September 18, 2026, or until the appointment of a regular Part-time Chairman, whichever is earlier.

Meanwhile, the Board of Directors of HDFC Bank has approved the convening of the 32nd Annual General Meeting (AGM) on August 5 through two-way video conferencing.

HDFC Bank was quoting at Rs 782.40, down Rs 16.15, or 2.02 percent. It has touched an intraday high of Rs 791.10 and an intraday low of Rs 781. It was trading with volumes of 337,878 shares, compared to its five day average of 2,089,899 shares, a decrease of -83.83 percent.

The Irrigation Department of the Government of Maharashtra has directed the company to refrain from utilising water from the dams, citing low water levels in the dams of the surrounding region and the prevailing El Niño effect.

Accordingly, the management has temporarily suspended operations at the Imagicaa Water Park located in Khopoli, Maharashtra, effective June 19, until the water situation improves.

Imagicaaworld Entertainment was quoting at Rs 44.49, down Rs 1.39, or 3.03 percent.

It has touched an intraday high of Rs 45.22 and an intraday low of Rs 42.62.

It was trading with volumes of 76,781 shares, compared to its five day average of 21,509 shares, an increase of 256.98 percent.

In the previous trading session, the share closed up 5.50 percent or Rs 2.39 at Rs 45.88.

The share touched a 52-week high of Rs 71.76 and a 52-week low of Rs 37 on 26 June, 2025 and 30 March, 2026, respectively.

Currently, the stock is trading 38 percent below its 52-week high and 20.24 percent above its 52-week low.

Market capitalisation stands at Rs 2,517.52 crore.

The Board has approved the raising of funds of up to Rs 2,000 crore through the issuance of equity shares via qualified institutions placement (QIP) to qualified institutional buyers (QIBs), in one or more tranches.

The company intends to achieve full compliance with the minimum public shareholding (MPS) norms at the earliest.

Diamond Power Infrastructure was quoting at Rs 208.20, up Rs 5.65, or 2.79 percent.

It has touched an intraday high of Rs 209.85 and an intraday low of Rs 204.15.

It was trading with volumes of 133,861 shares, compared to its five day average of 328,690 shares, a decrease of -59.27 percent.

MCX Gold futures witnessed heavy selling pressure, declining 2.97% to settle at 149,309. The sharp fall came after prices faced strong resistance near the 21-day and 55-day EMAs, reinforcing the weakness in the short-term trend. The contract also slipped below the important 151,000 support level, indicating that bears remain in control.

As long as prices trade below the 153,500–154,000 resistance zone, the outlook is likely to remain negative and any bounce may attract selling interest. On the downside, immediate support is seen near 148,000, while a breach below this level could extend the decline towards 146,300.

Gold prices in the international market remained under pressure and were headed for a third consecutive weekly decline. A stronger U.S. dollar and the Federal Reserve’s hawkish stance continued to weigh on bullion prices, overshadowing the positive impact of the interim U.S.-Iran peace agreement.

The Fed kept interest rates unchanged, but policymakers signaled that rates could remain higher for longer, with several officials still expecting at least one rate hike later this year. Higher Treasury yields and a firm dollar reduced the appeal of non-yielding gold, keeping prices under pressure despite easing geopolitical tensions.

The Sensex was down 715.29 points or 0.92 percent at 76,694.69, and the Nifty was down 198.75 points or 0.82 percent at 23,969.25. About 1713 shares advanced, 1585 shares declined, and 173 shares unchanged.

Advance/Decline (Intra-day)

Rajesh Laheri, Deputy General Manager, has taken charge as Chief Financial Officer and Key Managerial Personnel of the General Insurance Corporation of India, effective June 18.

Accordingly, V. Balkrishna ceased to be the Chief Financial Officer and Key Managerial Personnel of the company with effect from June 18. However, Balkrishna continues to be part of the senior management in the capacity of General Manager at GIC.

General Insurance Corporation of India was quoting at Rs 362, up Rs 4.75, or 1.33 percent.

It has touched an intraday high of Rs 362.30 and an intraday low of Rs 357.10.

It was trading with volumes of 70,571 shares, compared to its five day average of 336,357 shares, a decrease of -79.02 percent.

Kalyani Strategic Systems, the wholly owned defence subsidiary of Bharat Forge, has signed a strategic partnership with AM General, a leading provider of military vehicle and mobile defence capabilities, at the Eurosatory defence exposition.

This strategic partnership is intended to support broader allied distribution, positioning the platform as a scalable and exportable artillery solution for partner nations seeking modern, mobile, and survivable 155mm firepower capabilities. AM General has also submitted a proposal to participate in the US Army’s Mobile Tactical Cannon (MTC) programme.

Bharat Forge was quoting at Rs 2,036.70, up Rs 18, or 0.89 percent.

It has touched a 52-week high of Rs 2,060.15.

It has touched an intraday high of Rs 2,060.15 and an intraday low of Rs 2,025.

It was trading with volumes of 17,597 shares, compared to its five day average of 83,287 shares, a decrease of -78.87 percent.

Bosch Global Software Technologies has decided to exercise the oversubscription option to the extent of 2.02 lakh shares (0.75 percent equity) through the offer-for-sale (OFS). This is in addition to the base offer size of 19.63 lakh shares, representing a 7.22 percent stake.

Accordingly, the total offer size will increase to up to 21.66 lakh shares, representing a 7.97 percent stake. The OFS will close on June 19.

Bosch Home Comfort India was quoting at Rs 1,428, up Rs 22.05, or 1.57 percent.

It has touched an intraday high of Rs 1,444.00 and an intraday low of Rs 1,383.45.

It was trading with volumes of 11,013 shares, compared to its five day average of 11,010 shares, an increase of 0.03 percent.

String Metaverse was quoting at Rs 7.54, down Rs 0.40, or 5.04 percent.

It has touched an intraday high of Rs 7.56 and an intraday low of Rs 7.54.

There were pending sell orders of 79,276 shares, with no buyers available.

It was trading with volumes of 566,396 shares, compared to its five day average of 1,735,608 shares, a decrease of -67.37 percent.

The share touched a 52-week high of Rs 26.54 and a 52-week low of Rs 5.89 on 23 October, 2025 and 22 April, 2026, respectively.

Currently, the stock is trading 71.59 percent below its 52-week high and 28.01 percent above its 52-week low.

Market capitalisation stands at Rs 877.90 crore.

The Board of Directors has appointed Kapil Agrawal as CEO (Designate) – Copper, effective November 1, 2026. Accordingly, Agrawal will take over as CEO – Copper with effect from March 1, 2027, upon the completion of Rohit Pathak’s tenure.

Rohit Pathak, the current CEO – Copper, will transition into a different role within the Aditya Birla Group, effective February 28, 2027.

Hindalco Industries was quoting at Rs 1,004.70, down Rs 4.00, or 0.40 percent.

It has touched an intraday high of Rs 1,004.70 and an intraday low of Rs 985.50.

It was trading with volumes of 33,477 shares, compared to its five day average of 373,398 shares, a decrease of -91.03 percent.

Deepak Builders & Engineers India was quoting at Rs 9.27, up Rs 0.29, or 3.23 percent.

It has touched an intraday high of Rs 9.40 and an intraday low of Rs 9.00.

It was trading with volumes of 20,434 shares, compared to its five day average of 25,952 shares, a decrease of -21.26 percent.

In the previous trading session, the share closed down 0.44 percent or Rs 0.04 at Rs 8.98.

The share touched a 52-week high of Rs 18.56 and a 52-week low of Rs 5.20 on 29 September, 2025 and 30 March, 2026, respectively.

Currently, the stock is trading 50.05 percent below its 52-week high and 78.27 percent above its 52-week low.

Market capitalisation stands at Rs 43.18 crore.

#1 Accenture lowers FY26 revenue growth guidance to 3-4 percent

#2 West Asia conflict may weigh on revenue and deal bookings

#3 Spending recovery may remain slow in auto and other weak sectors

#1 Partners with Asahi to manufacture & sell CALPIS in India

#2 Deal adds a premium dairy-based RTD beverage to portfolio

#3 Partnership strengthens VBL’s manufacturing and distribution network

Varun Beverages was quoting at Rs 535.30, up Rs 3.80, or 0.71 percent.

It has touched an intraday high of Rs 538.25 and an intraday low of Rs 531.90.

It was trading with volumes of 44,093 shares, compared to its five day average of 395,365 shares, a decrease of -88.85 percent.

The technology company has launched the AI Innovation Zone in Chennai to enable enterprises to innovate and operationalise Intel-based AI products and HCLTech AI solutions, accelerating the transition from experimentation to production-ready, cost-efficient AI deployments.

HCL Technologies was quoting at Rs 1,102.85, down Rs 58.80, or 5.06 percent.

It has touched an intraday high of Rs 1,114.20 and an intraday low of Rs 1,091.90.

It was trading with volumes of 62,015 shares, compared to its five day average of 194,935 shares, a decrease of -68.19 percent.

Reliance Industries was quoting at Rs 1,332.05, up Rs 4.30, or 0.32 percent.

It has touched an intraday high of Rs 1,336.00 and an intraday low of Rs 1,324.20.

It was trading with volumes of 49,925 shares, compared to its five day average of 1,568,494 shares, a decrease of -96.82 percent.

In the previous trading session, the share closed down 0.36 percent or Rs 4.80 at Rs 1,327.75.

The share touched a 52-week high of Rs 1,611.20 and a 52-week low of Rs 1,253.65 on 05 January, 2026 and 11 June, 2026, respectively.

Currently, the stock is trading 17.33 percent below its 52-week high and 6.25 percent above its 52-week low.

Market capitalisation stands at Rs 1,802,601.82 crore.

VA Tech Wabag has secured the Design, Build, Operate (‘DBO’) contract for the Doha SWRO Desalination Plant with Recarbonation System – Stage II in Kuwait, from the Ministry of Electricity, Water & Renewable Energy (‘MEWRE’), Kuwait.

This project will be executed through an unincorporated Joint Venture (‘JV’) led by WABAG, in association with Heavy Engineering Industries & Shipbuilding Company K.S.C. (‘HEISCO’), as the JV partner.

Va Tech Wabag was quoting at Rs 1,883.20, up Rs 60.50, or 3.32 percent.

It has touched a 52-week high of Rs 1,894.

It has touched an intraday high of Rs 1,894 and an intraday low of Rs 1,848.45.

It was trading with volumes of 13,023 shares, compared to its five day average of 17,544 shares, a decrease of -25.77 percent.

Wipro will acquire an additional 20 percent stake in Aggne Global IT Services. The transaction is expected to be completed by June 30, 2026.

On February 15, 2024, Wipro and its step-down subsidiary, Wipro IT Services, LLC, acquired a 60 percent stake in Aggne Global IT Services and Aggne Global Inc., respectively.

Meanwhile, the company announced the completion of a large-scale, multi-year data centre migration programme for METRO, a leading international food wholesaler.

Jubilant Pharmova announced that United States Food and Drug Administration (USFDA) has concluded an inspection of Jubilant HollisterStier LLC (JHS)’s contract manufacturing facility located in Spokane, WA. U.S.A on June 17, 2026.

The USFDA had issued eight (8) observations, none of which are related to sterility assurance concerns.

Jubilant Pharmova was quoting at Rs 963.05, down Rs 11.55, or 1.19 percent.

It has touched an intraday high of Rs 972.50 and an intraday low of Rs 961.35.

It was trading with volumes of 394 shares, compared to its five day average of 6,804 shares, a decrease of -94.21 percent.

Amid mixed global cues, the Indian indices opened lower on June 19 with Nifty below 24000.

The Sensex was down 732.19 points or 0.95 percent at 76,677.79, and the Nifty was down 200.10 points or 0.83 percent at 23,967.90. About 956 shares advanced, 1324 shares declined, and 178 shares unchanged.

Adani Enterprises, Cipla, Bajaj Auto, ICICI Bank, Max Healthcare were among major gainers on the Nifty, while losers were Infosys, TCS, Tech Mahindra, HCL Tech and Wipro.

Nifty is expected to open lower around 23,980, down nearly 190 points, indicating a weak start amid negative global cues and profit booking at higher levels.

The gap-down opening is likely to test the market’s ability to hold above the important 24,000 psychological level, which it had recently reclaimed. Today’s session will be crucial in determining whether this weakness is merely a pullback within an uptrend or the beginning of a deeper correction.

Technically, 23,900–24,000 remains the immediate support zone. Holding this range would help maintain the positive structure, while a break below it could invite further selling pressure. On the upside, 24,200–24,300 continues to act as the key resistance zone.

The market remains sensitive to global developments, and volatility may remain elevated throughout the session.

Traders should avoid chasing moves at the open and focus on how the index behaves around key support levels. A disciplined, level-based approach remains essential in the current environment.

The significant near-term trends in the market are:

1. Underlying strength in the market emanating from the improving macros helped by the sharp correction in crude prices.

2. ⁠Short covering by the FIIs supporting recovery in the banking stocks. There is room for further up move in the segment. However, there can be occasional profit booking.

3. ⁠Guidance cuts by Accenture has triggered sell-off in Indian IT majors’ ADRs. This can cause correction in IT stocks in the domestic market,too. Buying can emerge at lower levels in IT since valuations are becoming attractive.

4. ⁠The tapering of FII selling has become a trend, which can sustain for some time. Aggressive DII buying eclipsing FII selling can impart resilience to the market.

5. ⁠RIL AGM today and announcements regarding developments in the new energy business and RIL Jio IPO will be keenly watched by the market.

The market structure indicates that buy on dips can turn out to be a good strategy today.

Indian equity markets are expected to open on a negative note, with Gift Nifty trading around 24,009, down by 191 points, indicating weak opening cues for domestic indices. Asian markets traded with a positive bias, with most major indices advancing and outperforming broader global peers, supported by strong momentum in technology stocks following an upbeat session on Wall Street.

Nifty ended on a positive note on 18th June 2026, closing at 24,168, up 82.30 points or 0.34%, supported by sustained buying interest and strength in select sectors. The index traded in a narrow range during most of the session, touching an intraday low of 24,036.95 before advancing to an intraday high of 24,189.25 in the latter half.

Technically, Nifty formed a bullish continuation candle on the daily chart, while the higher-high, higher-low structure on the hourly timeframe indicates that the short-term trend remains positive. The RSI improved to 62.4, reflecting strengthening momentum. Immediate support is placed around the 23,800–23,850 zone, while resistance is seen near the 24,200–24,250 range.

Benchmark indices are trading lower in the pre-opening session.

The Sensex was down 262.59 points or 0.34 percent at 77,147.39, and the Nifty was down 133 points or 0.55 percent at 24,035.

Indian rupee opened flat at 94.34 per dollar on Friday versus previous close of 94.33.

Reclaimed rubber manufacturer Horizon Reclaim India’s maiden public issue attracted massive demand from investors, subscribing 282.87 times on June 16, the final day of bidding.

The company is raising Rs 54.3 crore via initial public offering (IPO) of 52.69 lakh shares at the upper end of price band of Rs 98–103 per share.

Investors have applied for 106.58 crore equity shares during June 12-16 against offer size of 37.68 lakh shares via 2.69 lakh applications.

Bajaj Auto on Thursday fixed June 24 as the record date for its Rs 5,633-crore share buyback, identifying shareholders eligible to participate in the offer.

In an exchange filing, the two and three-wheeler manufacturer company said the Buyback Committee constituted by its Board of Directors has fixed Wednesday, June 24, 2026, as the record date for determining the entitlement and names of equity shareholders and beneficial owners who will be eligible to participate in the buyback.

The buyback proposal was approved by the company’s Board of Directors on May 6, 2026, and subsequently by shareholders on June 18, 2026.

India’s largest asset management company SBI Funds Management has received approval for its draft red herring prospectus (DRHP) from the market regulator. As per the SEBI website, the approval was granted last week on June 12, 2026. The AMC is likely to file its red herring prospectus and announce its price band in the first week of July, according to industry sources.

SBI Funds Management had filed its Draft Red Herring Prospectus (DRHP) with the regulator on March 19, 2026. The IPO will comprise of solely an offer-for-sale of 20.37 crore equity shares, i.e. 10 percent stake, with no fresh issue component.

Foreign Institutional Investors (FIIs) remained net sellers in Indian equities on June 18, 2026, according to provisional exchange data. FIIs net sold shares worth Rs 1025 crore, DIIs net bought Rs 3517 crore.

During the trading session, FIIs/FPI bought Rs 14,612 crore and sold Rs 15,637 crore while DIIs bought Rs 16,163 crore and sold Rs 12,646 crore.

For the year so far, FIIs have been net sellers of nearly Rs 3.43 lakh crore worth of shares and DIIs have been net buyers of shares worth Rs 4.41 lakh crore.