
Indian equity markets staged a strong recovery on June 24 after the previous session’s sharp selloff. Benchmark indices Sensex and Nifty traded higher as investors returned to beaten-down stocks, supported by easing concerns around crude oil prices and improved risk sentiment. Market participants also tracked global cues, US Federal Reserve rate expectations, sectoral movements, and stock-specific developments. Gains in select heavyweight counters helped lift broader sentiment, while traders remained cautious about global economic and geopolitical uncertainties.
Market participants remained focused on key indicators, including crude oil prices, rupee movements, and foreign institutional investor activity. Analysts said sustained support from heavyweight stocks and stable global conditions would be essential for maintaining the market’s recovery momentum in the coming sessions.
Indian benchmark indices opened higher, with Sensex gaining over 400 points and Nifty reclaiming the 23,900 level. Investors returned to large-cap stocks after Tuesday’s selloff, triggering broad-based buying across sectors and helping markets recover a significant portion of the previous session’s losses.
Trent emerged as one of the strongest performers of the day, rising nearly 4%. The rally reflected renewed investor confidence in consumer and retail-focused companies, with strong buying interest in the stock supporting broader market sentiment during the recovery phase.
The portfolio's largest holdings delivered mixed performance, with ICICI Bank gaining 2.29% and HDFC Bank rising 1.30%. Bharti Airtel declined 1%, while Reliance Industries and SBI traded largely flat.
Investors continued to monitor signals from the US Federal Reserve regarding future interest rate moves. While concerns over tighter monetary policy persisted, easing crude oil prices provided some relief, helping improve sentiment across domestic equity markets during the trading session.
The US dollar slipped 0.68% against the rupee, while major commodities remained under pressure. Gold, crude oil, copper and natural gas all traded lower, reflecting softer global demand sentiment.
The day’s gains came after benchmark indices witnessed a sharp decline in the previous session. Weak global cues, profit booking, and concerns around interest rates had pressured equities, making Wednesday’s rebound a notable turnaround for investors and market participants.
Indian markets traded higher with Sensex rising 0.87% and Nifty 50 gaining 0.59%. However, MidCap and SmallCap indices slipped marginally, while India VIX declined, signaling easing market volatility.
The seasonal performance chart shows contrasting trends, with 2025 gaining over 10% and 2024 rising nearly 9%, while 2026 remains down more than 8%, reflecting weaker market momentum.
Rashi Peripherals announced that its subsidiary will acquire a 67% stake in VDA Infosolutions for Rs. 368 crore. The deal is aimed at strengthening the company's presence in enterprise technology and distribution services.
The BSE Sensex climbed 704.79 points, or 0.92%, to 76,905.47 in morning trade. Broad-based buying across sectors and improving sentiment helped the benchmark index extend gains.
Shapoorji Pallonji Group is seeking another extension on bond repayments as delays in its multi-billion-dollar refinancing plan continue. Rising hedging costs, funding challenges and debt restructuring efforts remain key concerns.
Market movers remained concentrated in smaller stocks, with ANG Lifesciences, Bhilwara Technical Textiles and Slone Infosystems surging nearly 20%. Meanwhile, Misquita Engineering led losers, falling over 13% amid broad volatility.
Digilogic Innovative Systems secured a Rs. 1.60 crore order from a Defence PSU for the supply, installation and commissioning of a Static Test Jig for AFCC-UHM systems.
The combined weight of IT stocks in the Nifty 50 has dropped below 7.6%, its lowest level in decades, as investors reassess the sector amid growing AI disruption concerns.
Tata Motors gained 3.71% to Rs. 414.90, extending its recent recovery. The stock remains well below its 2026 highs near Rs. 500 but is showing signs of renewed buying interest.
Bernstein analysts cautioned that relying heavily on foreign AI models could expose India to strategic risks, urging the country to develop indigenous large language models and AI infrastructure.
Suzlon Energy shares remain around 15% below their 52-week peak but have gained more than 11% in 2026, supported by foreign investor interest despite global uncertainties.
Saregama India has appointed Abhishek Kapoor as Chief Financial Officer, effective July 15, 2026. The leadership change comes as the company continues expanding its media and music business.
Indian stock exchanges NSE and BSE will remain shut on June 26 for Muharram. MCX will resume trading in the evening session, while NCDEX will remain closed throughout the day.
The BSE Sensex climbed 830.41 points, or 1.09%, to 77,031.09 during afternoon trade. Strong buying across key sectors lifted sentiment, helping the benchmark index reclaim the 77,000 mark.
The Nifty 50 advanced 0.79% to 24,011.30, reclaiming the 24,000 level. Sustained buying across sectors supported the benchmark index, reflecting improving investor sentiment and broader market strength.
Veteran actor Amitabh Bachchan sold 1,23,622 equity shares, representing a 0.79% stake in DP Wires, through a bulk deal on the NSE. The transaction was valued at over Rs. 2 crore. Following the sale, Bachchan reduced his holding in the Madhya Pradesh-based steel wire manufacturer, according to exchange data.
Adani Power slipped 0.88% to Rs. 229.36 but remained near recent highs following a strong rally from March lows. The stock has more than doubled over the past year, reflecting sustained investor interest.
EMA Partners India has announced the acquisition of recruitment and talent solutions firm Taggd in a deal valued at Rs. 95 crore. The transaction is expected to strengthen EMA Partners' presence in talent acquisition, staffing and workforce solutions, while expanding its capabilities across India's rapidly evolving human resources market.
Banking counters led market activity, with ICICI Bank and HDFC Bank among the most traded stocks. Pine Labs and KPR Mill posted strong gains, while Bharti Airtel declined despite heavy volumes.
Japan’s Nikkei 225 dropped 0.88% to 69,174.97, while the Topix fell 0.67%. Technology stocks came under pressure as investors worried about Fed rate hikes and AI-driven valuations.
Small-cap stocks witnessed sharp price swings, with Baba Food Processing rising 12.53% to emerge among the top volatile gainers. In contrast, Mahalaxmi Rubtech declined 15.71%, leading the losers' list. Digicontent, Sibar Auto Parts, Medico Intercontinental and Nova Iron & Steel also recorded significant intraday movements amid heightened trading activity.
Market action remained concentrated in small-cap stocks, with Harikanta Overseas surging 21.53% and ANG Lifesciences gaining 20.03%. Krishanveer Forge, Ramco Systems, Bhilwara Technical Textiles and GEE also posted strong gains. On the downside, EP Biocomposites dropped 16.52%, while Mahalaxmi Rubtech and Misquita Engineering witnessed sharp declines.
European shares were largely unchanged as investors monitored developments in US-Iran negotiations. Defence giant Rheinmetall declined after reports suggested Germany may abandon plans for its largest warship project since World War II.
ICICI Bank emerged as a key driver of the banking rally, trading around Rs. 1,374 as benchmark indices advanced sharply. Strong buying in financial stocks helped lift the Sensex by over 733 points, while the Nifty approached the 24,000 mark amid improving investor sentiment and broad-based market participation. Read More…
The Nifty 50 ended the session at 24,021.65, up 0.83%, extending gains after a volatile start. The benchmark index crossed the 24,000 mark on sustained buying in banking and heavyweight stocks. Improved investor sentiment and broad-based participation helped the market maintain positive momentum throughout the day.
The BSE Sensex closed at 76,991.22, up 790.54 points or 1.04%, as investors returned to equities after recent weakness. Strong buying in banking, financial and heavyweight stocks supported the rally. The benchmark index remained near the 77,000 mark throughout the session, reflecting broad-based market strength.
Gautam Adani announced the Adani Group's entry into the nuclear energy sector through Adani Atomic Energy, targeting up to 10 GW of nuclear power capacity by 2035. The move aligns with India's clean energy goals and could make Adani the country's largest private nuclear power operator. Read More…
India's 28 major listed real estate companies reported combined pre-sales of nearly ₹1.95 lakh crore in FY26, marking a 17% increase from the previous fiscal. Godrej Properties emerged as the top performer, highlighting sustained demand in the housing market despite evolving economic conditions and higher property prices.
Foreign investors purchased a net $5.61 billion worth of local bonds across key Asian markets, including India, South Korea, Indonesia, Malaysia and Thailand, in May. The inflows marked the highest monthly investment since February, reflecting renewed confidence in regional debt markets amid improving sentiment.
The Indian rupee closed 0.07% stronger at 94.6650 against the US dollar, compared with the previous close of 94.7350. The modest appreciation came amid stable currency market conditions, supported by foreign inflows and easing pressure on emerging market currencies during the trading session