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ensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 15th June 2026.
Indian stock market extended sharp gains on Monday with both benchmark indices Sensex and Nifty gaining over a per cent each. The rally came on the back of the Iran-US peace deal and slipping oil prices.
BSE Sensex settled 736.38 pts or 0.97% positive at 76,264.33, and Nifty 50 ended 231 pts or 0.98% at 23,853.90.
Broader markets outperformed benchmarks, with Nifty Midcap and Smallcap indices rising about 1.5% each. Realty, cement, auto and financials led gains, while pharma and healthcare lagged. Market breadth stayed strong with widespread advances, higher circuit hits, and selective profit booking across midcap and smallcap counters.
Analysts expect risk appetite to return across asset classes, with India likely to see a recovery after recent underperformance.
The RBI’s forex swap facilities for external commercial borrowings and FCNR(B) deposits are expected to support liquidity and foreign currency inflows. Asian markets also opened higher, reflecting improved sentiment.
However, investors will watch the formal signing of the deal, reopening of the Strait of Hormuz and foreign institutional investor flows.
The rupee rose 47 paise to settle at 94.71 (provisional) against the US dollar on Monday as global crude oil prices dropped sharply after US President Donald Trump announced that the US and Iran finalised a deal to end the war.
Meanwhile, higher CPI inflation at 3.9% remains a key factor for future RBI policy decisions.
Markets at 2:00 p.m.
📈 Sensex: 76,402.96 ▲ 875.01 pts (+1.16%)
📈 Nifty 50: 23,891.75 ▲ 268.85 pts (+1.14%)
Top technical indicators for today’s trade
- June 15, 2026 16:41
Sensex gains 736 points, Nifty closes above 23,850 as US-Iran deal drives crude prices lower
Sensex gains 736 points, Nifty closes above 23,850 as US-Iran deal drives crude prices lower
Sensex rises 736 points, Nifty surpasses 23,850, driven by US-Iran deal easing crude prices and boosting investor sentiment.
- June 15, 2026 16:40
Forex
Rupee rises 47 paise to settle at 94.71 against US dollar
Rupee rises 47 paise to settle at 94.71 against US dollar
At the interbank foreign exchange, the rupee opened at 94.70 against the US dollar and traded in the range of 94.45-94.77; it settled at 94.71 (provisional), up 47 paise from its previous close
- June 15, 2026 16:38
Jainam today announced that JLite, the company's digital trading and investing platform, will now operate as the Jainam App, bringing the platform under a unified Jainam identity.
The transition is part of Jainam’s broader brand evolution and reflects the company’s focus on creating a more seamless and consistent experience across its offerings. By aligning its digital platform with Jainam’s recent brand transformation, the company aims to strengthen recognition, simplify customer engagement, and create a unified experience across all customer touchpoints.
Commenting on the transition, Milan Parikh, Chairman and Managing Director, Jainam, said: “The transition to the Jainam App reflects how our organisation has evolved over the years. Customers today interact with Jainam across multiple touchpoints, and bringing our digital platform under the Jainam identity creates a more unified and consistent experience. While the name and visual identity have evolved, the experience our customers rely on remains the same. This transition reflects our commitment to building a future-ready platform while continuing to support investors and traders with simplicity, reliability, and confidence.”
- June 15, 2026 16:37
Review
Emkay Global Research
Nifty rallied +2% and Brent eased -4% as the US and Iran agreed on a peace deal, set to be signed on Friday, 19-Jun-26. We see crude settling at USD75-80/bbl, and this is unambiguously positive for India on external account, domestic liquidity, and supply chain easing. We maintain our FY27 Nifty target at 29,000 and see a strong rally sustaining in the short term. Our bullishness is supported by strong earnings, with FY27E Nifty EPSg at 15.7% and moderate valuations at ~17.8x PER (1YF). OMCs, transportation, cement, and select lenders (banks/NBFCs) are the best ways to play the recovery.
- June 15, 2026 16:36
Stock market
BSE Sensex settled 736.38 pts or 0.97% positive at 76,264.33, and Nifty 50 ended 231 pts or 0.98% at 23,853.90.
- June 15, 2026 16:35
Industry update
Waaree Renewable Tech informs the completion of the acquisition of Associated Power Structures Private Limited
Waaree Renewable Tech informed that the completion of the acquisition of Associated Power Structures Private Limited (formerly known as Associated Power Structures Limited) was planned to be completed by 15th June 2026, however due to procedural requirements entire process including transfer (involving acquisition of existing securities) and allotment of securities (through fresh issuance), is expected to be completed by 30th June, 2026.
- June 15, 2026 16:34
Info tech
Creative Newtech Launches WOZOYO, a New Global Consumer Technology Brand for Everyday Living, under its subsidiary Secured Connection Limited (Hong Kong)
Shares surged 3% to Rs 728.30 on the NSE.
- June 15, 2026 16:34
Industry update
Electrosteel Castings stock jumped 8% to Rs 77.68. Company announced a temporary operational shutdown at its main Mini Blast Furnace (MBF) production unit for a duration of 10 days
- June 15, 2026 16:34
Companies
Nestle India shares flat at Rs 1,375.10, soaring to Rs 1,411.90 from the previous close of Rs 1,375.70.
Company categorically rejected allegations circulating regarding insect infestation in its Maggi noodles.
- June 15, 2026 16:33
Stock up
ACME Solar shares surged over 3% to Rs 347.20. Its arm ACME Sun Power Pvt commissioned a 33.3 MW Battery Energy Storage System (BESS) project in Rajasthan
- June 15, 2026 16:33
Industry update
United Drilling Tools has secured a new trial export order from Trident East Limited, Russia, for the supply of PUMA – Connector.
Shares traded 2% positive at Rs 231.50 on the NSE.
- June 15, 2026 16:31
Stock up
Around 3 pm, Sensex traded 766.56 pts or 1.01% higher at 76,294.51, and NIfty 50 was up 238.20 pts or 1.01% to 23,861.10.
- June 15, 2026 14:57
Silver jumps over ₹6,000 in futures trade as US-Iran deal boosts sentiment
Silver jumps over ₹6,000 in futures trade as US-Iran deal boosts sentiment
Silver prices surged over ₹6,000 in futures trade amid improved market sentiment following a US-Iran deal announcement.
- June 15, 2026 14:52
QNu Labs Takes India's Quantum Cybersecurity to Bharat Innovates 2026, Signs Research Deal with Eindhoven University of Technology
- June 15, 2026 14:50
Suzlon shares gain as brokerages back renewable energy expansion strategy
Suzlon shares gain as brokerages back renewable energy expansion strategy
Suzlon shares rise as brokerages endorse its renewable energy strategy, highlighting strong growth potential and improved earnings visibility.
- June 15, 2026 14:46
Crizac has entered into definitive agreements to invest an aggregate amount of approximately Rs. 1.24 crore in Edument Consultancy Private Limited
The investment is through the acquisition of Compulsory Convertible Preference Shares (“CCPS”) and Compulsorily Convertible Debentures (“CCD”) from the existing investors, in one or more tranches
Shares traded 6% positive at Rs 217.63 on the NSE.
- June 15, 2026 14:32
Lanka Premier League promoters IPG Group announce multimillion-Dollar strategic funding from Nasdaq-listed partner
- June 15, 2026 14:32
Prashant Vasisht, Senior Vice President and Co-Group Head, Corporate Ratings, ICRA Ltd on Oil&Gas.
In case of a successful US-Iran deal, crude oil and natural prices would ease. However, beyond the immediate price action, crude prices could take six months to one year to normalize to pre-war levels. Additionally, removal of sanctions on Iranian crude would be positive for India given the geographical proximity as well as higher credit period offered historically, if the same terms continue.
- June 15, 2026 14:25
Mr. Sanjay Kumar, CEO & MD, Rassense, on the WPI Data – May 2026
The rise in WPI inflation in May 2026 is primarily due to a significant rise in food and fuel prices, worsened by supply disruptions, and persistent geopolitical conflicts impacting the agri-commodities ecosystem internationally. In particular, food inflation has remained an issue of concern given its direct impact on domestic disposable income and consumption at the household level.
The continued high level of inflation for end-consumers might result in a more conservative spending climate and an increasing share of disposable income devoted to necessities. This may have a significant impact on sectors of the economy that are dependent on consumption, while increasing costs for food service establishments, manufacturers and retailers. The prices of food items will likely be volatile in the near future, particularly in view of the El-Nino condition.
While we soak up the heat of inflation, there is a need to take a multi-dimensional approach to address the challenges of strengthening agricultural supply chains, reducing post-harvest losses, investing in food storage facilities, and developing market linkages. Concurrently, the need to adopt sustainable and tech-enabled food supply chain ecosystem is vital to enhance productivity, establish resilience and achieve long-term food security.”
- June 15, 2026 14:23
Oracle to train 3 lakh students, professionals across Uttar Pradesh in AI, cloud, cybersecurity
Oracle to train 3 lakh students, professionals across Uttar Pradesh in AI, cloud, cybersecurity
Oracle partners with UPSDM to train 300,000 students in AI, cloud, and cybersecurity by 2029, enhancing employability and skills.
- June 15, 2026 14:12
Anil Agarwal hints at Vedanta Resources relisting; each business can hit $100 bn revenue
Anil Agarwal hints at Vedanta Resources relisting; each business can hit $100 bn revenue
Anil Agarwal envisions Vedanta's relisting and ambitious $100 billion revenue potential across demerged entities in metals and energy sectors
- June 15, 2026 14:05
Mahindra EPC Irrigation has been awarded four contracts/orders for supply of Micro Irrigation Systems under community micro irrigation project.
Contracts valued at ₹17.15 crore.
Shares surged 4.5% to Rs 114.50 on the NSE
- June 15, 2026 14:04
Gold merchants seek settlement of pre-GST tax cases
Gold merchants seek settlement of pre-GST tax cases
Association seeks commission to study sector challenges; plans jewellery fair in July
- June 15, 2026 14:01
Kalyani Strategic Systems Limited introduced its line of Mounted Artillery Guns -the MArG series - on the opening day of Eurosatory 2026
KSSL is a wholly-owned defence subsidiary of Bharat Forge Limited
- June 15, 2026 13:50
Natural gas futures: Support under test
Natural gas futures: Support under test
Traders can go short on a breach of ₹286
- June 15, 2026 13:49
Gold futures rise to ₹1.52 lakh/10g as US-Iran deal lifts investor sentiment
Gold futures rise to ₹1.52 lakh/10g as US-Iran deal lifts investor sentiment
On MCX, the yellow metal for August delivery jumped ₹2,242, or 1.49% to ₹1,52,770 per 10 grams in a business turnover of 8,948 lots.
- June 15, 2026 13:31
Stock Market Live: Gold, silver recover as US-Iran peace deal eases rate hike fears; outlook cautiously bullish ahead of FOMC
Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation
Precious metals recorded a second consecutive weekly decline as May CPI threatened to breach 4%, US PPI surged 6.5% year-on-year, and the ECB raised rates for the first time since 2023. However, a US-Iran peace framework — set for formal signing in Switzerland on Friday — triggered a recovery early this week, pushing oil down over 4% and the dollar to a 10-day low. December Fed rate-hike probability has since fallen to 48% from 69%. Gold trades near $4,330, with resistance at $4,500–$4,550 and support at $4,242. Silver holds above $70, targeting $72–$75, with support at $65–$66. Bias: cautiously bullish into FOMC this week.
- June 15, 2026 13:31
Stock Market Live: GR Infraprojects gets appointed date for Madhya Pradesh rail project; shares jump 3.5% on NSE
GR Infraprojects has received a letter dated 14th June 2026 from West Central Railway declaring appointed date as 15th June 2026 for the project “Construction of New Railway line from Km 124/400 to 165/380 in between Bahari and Gondawali stations including Earthwork, Minor bridges, Major Bridges, Important Bridges, Viaduct, ROB (RCC Box Type), RUB/LHS, Station Buildings, Tunnels, Track work and other miscellaneous works in connection with Sidhi- Singrauli new Rail link project in the State of Madhya Pradesh
Shares surged 3.5% to Rs 889 on the NSE.
- June 15, 2026 13:30
Stock Market Live: Waaree Energies bags 800MW solar module order; shares steady at Rs 3,057.80 on NSE
Waaree Energies has received an order on June 15, 2026 for supply of 800MW solar modules from a renowned customer who is a leading energy solutions provider.
Shares flat at Rs 3,057.80 on the NSE
- June 15, 2026 13:30
Share market live: Siemens receives order from Titagarh Rail Systems Limited to deliver advanced metro propulsion technologies for Pune Metro
- June 15, 2026 13:27
Noon trade: Sensex sustains over 76,400 mark, realty, auto, financials lead rally
Sensex sustains 76,400 mark; Realty, auto, financials lead rally
Sensex maintains over 76,400, driven by gains in realty, auto, and financial sectors amid a global market rally.
- June 15, 2026 12:53
Share market live: Persistent Announces Partnership with San Francisco Unicorns as Official RE(AI)MAGINING Partner'
- June 15, 2026 12:53
Stock Market Live: Goa Carbon resumes operations at Paradeep plant; shares surge 6% on NSE
Goa Carbon Limited has informed the Exchange regarding ‘the resumption of operations at the Company’s Paradeep Plant.’.
Shares zoomed 6% to Rs 401.25 on the NSE.
- June 15, 2026 12:50
Jaiprakash Associates to be delisted from BSE, NSE on June 18 under NCLT resolution plan
JAIPRAKASH ASSOCIATES: RECEIVES FINAL APPROVAL FOR DELISTING FROM BSE AND NSE; DELISTING EFFECTIVE FROM JUNE 18, 2026 DUE TO NCLT RESOLUTION PLAN
- June 15, 2026 12:46
Iran war latest: Israel pushes back against US-Iran deal, says it is not bound by agreement
Israel rejects US-Iran deal, asserts it is not bound by agreement
Israel pushes back against US-Iran deal announced by Trump, with leaders rejecting constraints and warning of risks to national security and military freedom.
- June 15, 2026 12:29
Stock in focus: SBI shares rise, Jefferies sees 28% upside
SBI shares rise, Jefferies sees 28% upside
SBI shares rise 1.6% as Jefferies projects a 28% upside, citing strong growth and positive outlook despite potential risks.
- June 15, 2026 12:24
Stock Market Live: United Drilling Tools wins export order from Russia’s Trident East for Puma Connector; shares at Rs 223 on NSE
United Drilling Tools has received a export order by Trident East Limited, Russia for the supply of “Puma Connector” used in Oil and Gas Industry in the ordinary course of business. The contract value stood at Rs 9.53 lakh.
Shares traded at Rs 223 on the NSE.
- June 15, 2026 12:24
Stock Market Live: Gulf Oil Lubricants launches “Dream Beyond. Do Beyond” B2B campaign; shares jump 4% on NSE
Gulf Oil Lubricants India announced the launch of its new B2B brand campaign, “Dream Beyond. Do Beyond”, aimed at strengthening relationship with stakeholders across the industrial, infrastructure, and OEM segments of its business.
Shares surged 4% to Rs 976.50 on the NSE.
- June 15, 2026 12:21
Stock Market Live: InCred Capital launches US operations, names Arunava Das as North America CEO
InCred Capital Expands Global Footprint with Launch of US Operations; Appoints Arunava Das as CEO, North America
- June 15, 2026 12:20
Economy updates live: Wholesale price inflation rises to 9.68% in May
Wholesale price inflation rises to 9.68% in May
India's wholesale price inflation hits 9.68% in May, exceeding expectations in the revised series with 2022-23 as the base year.
- June 15, 2026 12:15
Share market live: Airtel gets nod of nearly 100% of its shareholders to consolidate stake in Airtel Africa
Airtel gets nod of nearly 100% of its shareholders to consolidate stake in Airtel Africa
Transaction to raise effective holding to 79% via share swap in the company’s African subsidiary
- June 15, 2026 11:58
Economy updates: Goldman Sachs sees India BoP surplus after 2 yrs of deficit, cuts CAD forecast to 1.3% of GDP
Goldman Sachs sees India BoP surplus after 2 yrs of deficit, cuts CAD forecast to 1.3% of GDP
Goldman Sachs predicts India's balance of payments will shift to a surplus in 2026, reducing the current account deficit forecast to 1.3% GDP.
- June 15, 2026 11:40
Stock Market Live Updates: Ipca Lab signs global licensing deal with BRL for biologics delivery platform; shares steady at Rs 1,581.60 on NSE
Ipca Lab stock flat on the NSE at Rs 1,581.60. The company signed a global licensing agreement with BRL to access its proprietary biologics delivery platform
- June 15, 2026 11:38
Stock Market Live: Sensex jumps 1,151 pts, Nifty gains 341 pts in morning trade
At 11.32 am, Sensex traded 1150.57 pts or 1.52% higher at 76,678.52, and NIfty 50 was up 340.95 pts or 1.44% to 23,963.85.
- June 15, 2026 11:38
Stock Market Live: Jio Platforms enters global top 20 in WIPO patent rankings; Reliance shares rise 2% on NSE
Reliance Industries’ Jio Platforms ranked in the global top 20 in the Patent Co-operation Treaty (PCT) rankings for 2026 released by the World Intellectual Property Organisation.
RIL shares rose 2% to Rs 1,314 on the NSE.
- June 15, 2026 11:37
Stock Market Live: MTAR Tech clarifies no order cancellations on Bloom Energy project; order book remains healthy and capacity expansion on track
MTAR Tech informed the exchanges pertaining to reports on Bloom Energy project that the news article refers to comments made by the Managing Director of the Company, Mr. Parvat Srinivas Reddy, during his interaction with the news channel on June 12, 2026. During the interaction, he stated that MTAR Technologies Limited has not received any communication from its customer regarding any cancellation. Accordingly, there are no negotiations or discussions with its customer in relation to any such cancellation, reduction, deferment, or pause that would warrant disclosure. The Managing Director further stated that the Company’s order book remains healthy and that no communication has been received from any customer indicating a reduction in committed business. The Company’s capacity expansion plans remain on track, and it continues to work closely with its customers to meet the agreed delivery schedules.
- June 15, 2026 11:33
Debt market live: Govt 10-year bond yield hits 12-week low as US-Iran deal sinks oil
Govt 10-year bond yield hits 12-week low as US-Iran deal sinks oil
Indian 10-year bond yields drop to a 12-week low as falling oil prices boost foreign investment amid US-Iran deal.
- June 15, 2026 11:28
Stock Market Live: LTM launches BlueVerse for iRun to enhance managed services with agentic AI; shares jump 3% on NSE
LTM Launches BlueVerse for iRun to Outcreate Managed Services in the Agentic AI Era
Shares surged 3% to Rs 3,944.50 on the NSE.
- June 15, 2026 11:24
Stock Market Live: Bharti Airtel shareholders approve stake consolidation in Airtel Africa; shares steady at Rs 1,831.30 on NSE
Bharti Airtel announced that nearly 100% of its shareholders have approved the ongoing transaction to consolidate its stake in key strategic subsidiary Airtel Africa plc, underscoring the highest levels of corporate governance at India’s leading communications provider while reinforcing strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited, a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa.
Shares flat at Rs 1,831.30 on the NSE.
- June 15, 2026 11:23
Policy push: India to unveil more measures to boost foreign inflows, says FM Sitharaman
Sitharaman signals more reforms to attract foreign capital into India
Sitharaman says India will introduce more measures to attract foreign capital, following bond reforms, tax reliefs and RBI steps to boost inflows.
- June 15, 2026 11:22
Share market live: Electronics Mart eyes new markets as tech hubs fear job losses
Electronics Mart eyes new markets as tech hubs fear job losses
The company plans to invest about ₹120 crore to open 20 stores in the current financial year, including up to seven in Kolkata, where it currently has no presence, while deepening its presence in and around New Delhi.
- June 15, 2026 11:05
Share market live: Oswal Pumps gains 8% after securing ₹247 crore rooftop solar orders in Bihar
Oswal Pumps has secured rooftop solar project orders worth approximately ₹247 crore under the PM Surya Ghar – Muft Bijli Yojana from Bihar DISCOMs (NBPDCL and SBPDCL). The projects involve 63 MW of grid-connected rooftop solar installations across 57,492 households in Bihar, with an additional long-term revenue potential of around ₹257 crore over the next 10 years, taking the cumulative revenue opportunity to over ₹500 crore.
The company’s stock is up over 8% today and is trading at ₹431.
- June 15, 2026 11:03
Aurobindo Pharma falls 2% as USFDA issues OAI for Eugia Pharma’s Telangana facility
Aurobindo Pharma shares were down 2% to Rs 1,447.30 on the NSE. The USFDA has classified the inspection of Eugia Pharma Specialities’ Unit-III facility in Telangana as “Official Action Indicated” (OAI).
- June 15, 2026 11:01
Share Market Live: Shriram Properties signs JDA for premium Bengaluru project; shares jump 4% on NSE
Shriram Properties Signs JDA for Premium Residential Project in Bengaluru
Shares surged over 4% to Rs 89.52 on the NSE.
- June 15, 2026 10:53
Stock Market Live: CarTrade Tech launches CarTrade Used Auto platform to strengthen used-car ecosystem; shares steady at Rs 2,325.20 on NSE
CarTrade Tech announced the launch of CarTrade Used Auto, to build the used-car ecosystem in India across the full transaction journey of Buy, Sell , Exchange and Finance.
Shares flat at Rs 2,325.20 on the NSE.
- June 15, 2026 10:53
Razorpay files confidential IPO paper, eyes $500-600 million public issue
Razorpay files confidential IPO paper, eyes $500-600 million public issue
Razorpay files for a confidential IPO aiming to raise $500-600 million, marking a significant move towards its public market debut.
- June 15, 2026 10:53
NFO updates: Kotak Mutual Fund launches first Specialised Investment Fund, Kotak Infinity Hybrid Long-Short Fund; NFO open June 15–29
Kotak Mutual Fund has launched its maiden Specialised Investment Fund (SIF) - Kotak Infinity Hybrid Long-Short Fund, marking its entry into SEBI’s newly introduced SIF category.
The fund follows a hybrid long-short strategy designed to dynamically manage equity exposure across market cycles, with a strong focus on risk management and downside protection. The NFO is open from June 15 to June 29, 2026.
- June 15, 2026 10:47
Stock Market Live: Gold surges over 2% as Middle East peace deal eases inflation fears, oil drops; Fed, BOJ, BOE policy meetings in focus
Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd
Gold prices surged more than 2% in early morning trade as easing geopolitical tensions in the Middle East triggered a sharp decline in oil prices, reducing inflation concerns and prompting investors to reassess expectations for higher interest rates. Sentiment improved after U.S. and Iranian officials announced an interim peace framework that would halt hostilities, lift the U.S. blockade on Iran, and reopen the Strait of Hormuz, a vital route for global energy supplies. The agreement is expected to be formally signed in Switzerland on June 19, although several key details remain unresolved, particularly regarding Iran’s nuclear program. Reports suggest Iran could receive significant reconstruction funding, partial access to frozen assets, and relief from sanctions on its oil exports, while Hormuz is expected to reopen without tolls. The prospect of increased oil supplies pushed crude prices lower, easing fears of energy-driven inflation that had dominated markets for months. As a result, expectations for further Federal Reserve tightening moderated, with markets now pricing roughly a 49% probability of a rate hike by December compared to nearly 70% a week ago. Lower rate expectations, softer Treasury yields, and a weaker dollar supported bullion prices.
Focus this week will be on the Federal Reserve policy meeting, updated economic projections, and policy decisions from the Bank of Japan and Bank of England, which could provide further direction for precious metals and global financial markets.
- June 15, 2026 10:36
Quote: Ravi Singh – Chief Research Officer – Master Capital Services Limited
MCX Gold futures ended the week lower by 3.26%, but managed to defend the crucial support zone near 146,400, indicating buying interest at lower levels. Despite the recent correction, prices continue to hold above this key swing low, keeping the possibility of a recovery intact. As long as 146,400 remains protected, the contract may attempt to reclaim the 151,000 level initially, followed by the 154,000–155,000 zone where the 21-day and 55-day EMAs are currently placed. On the downside, a decisive break below 146,400 could trigger fresh weakness towards the 141,500 region.
International gold prices surged nearly 2% after reports of progress toward a potential U.S.-Iran peace agreement eased concerns over energy supply disruptions and reduced inflation fears. The decline in crude oil prices and a weaker U.S. dollar further supported bullion prices. Market sentiment improved after U.S. President Donald Trump stated that discussions and final points of a proposed deal had been approved, boosting demand for gold and helping the metal recover from recent lows.
- June 15, 2026 10:34
Stock Market LIVE: At 10.30 am, Sensex traded 1147.71 pts or 1.52% higher at 76,675.66, and Nifty 50 rose 345.95 pts or 1.46% to 23,968.85.
- June 15, 2026 10:33
Stock up
Stock Market Live Updates: Ashoka Buildcon shares jump 10% on securing Gems & Jewellery Park project
Ashoka Buildcon shares jumped 10 per cent to ₹135.06 on the NSE on securing the Letter of Acceptance (LoA) for the development of a Gems & Jewellery Park in Chhattisgarh under a Public-Private Partnership (PPP) model.
- June 15, 2026 10:25
The biggest AI challenge is talent, and India is ahead of the curve: WNS CEO
The biggest AI challenge is talent, and India is ahead of the curve: WNS CEO
WNS CEO discusses AI's impact on talent demand and industry evolution post-Capgemini acquisition, emphasizing India's leadership in skilled resources.
- June 15, 2026 10:24
Stock Market Live Updates: Vedanta group shares in focus
Vedanta Ltd - ₹307.65
Vedanta Aluminium Metal (-4.95 per cent) ₹496.15 (listed at ₹522)
Vedanta Iron and Steel (+5.30 per cent) ₹21.06 (listed at ₹20)
Vedanta Oil and Gas (-5 per cent) ₹36.10 (listed at ₹38)
Vedanta Power (+2.32 per cent) ₹42.80 (listed at ₹41.80)
- June 15, 2026 10:19
Gold silver
Gold extends gains after US, Iran reach peace deal
Gold extends gains after US, Iran reach peace deal
Gold prices surge over 2% after the US and Iran reach a peace deal, easing inflation concerns and boosting investor confidence.
- June 15, 2026 10:16
Stock Market Live: LT Foods to incorporate new wholly owned subsidiary in Australia
LT Foods is in the process of incorporating a new wholly owned subsidiary of LT Foods Ltd, to be named LT Foods Australia Pty Ltd.
- June 15, 2026 10:16
Quote: Avinash Shekhar, Co-Founder & CEO, Pi42
“Bitcoin is trading around the $65,000 mark today, consolidating after a period of heightened volatility and demonstrating resilience despite ongoing geopolitical and macroeconomic uncertainties. The market is now closely focused on the upcoming Federal Reserve guidance, which could influence liquidity expectations across global financial markets. Continued accumulation by institutional participants, including large corporate holders, along with easing mining difficulty, has helped strengthen market sentiment. Ethereum continues to defend key support levels, while XRP is nearing a potential breakout zone, suggesting that investors remain selective in allocating capital toward assets with strong utility and ecosystem growth.
Investors should use this phase to build positions gradually rather than react to short-term price movements. A staggered investment approach remains effective in navigating market fluctuations while maintaining exposure to long-term opportunities in digital assets. The focus should remain on fundamentally strong cryptocurrencies, monitoring institutional flows, macroeconomic developments and on-chain activity. Investors should avoid making decisions driven by market noise and instead maintain a disciplined allocation strategy aligned with their investment horizon and financial objectives.”
- June 15, 2026 10:15
Quote: Market analysis by Vikram Subburaj, CEO, Giottus.com
Bitcoin entered the second half of June trading around $65,500, after spending multiple sessions oscillating between $63,600 and $65,800. The market is currently navigating a period where institutional demand has weakened. However, long-term investors continue to hold their positions. This has created a narrow trading range rather than a decisive directional move.
The biggest headwind has been ETF activity. US spot Bitcoin ETFs recorded significant net outflows during the first half of June. June 2 alone saw $519.1 million leave the category, followed by $396.6 million on June 3, and $325.7 million on June 5. Although June 12 recorded a modest $85.9 million inflow, one positive session is insufficient to reverse a broader institutional slowdown.
From a technical perspective, Bitcoin has established $63,600 as immediate support and $66,000 as immediate resistance. A break above $66,000 could open a path towards $68,000-$70,000, while a sustained move below $63,600 may expose the market to another test of $60,000. Until either level is breached, short-term momentum is likely to remain subdued.
On-chain indicators also point to a market that is cautious rather than euphoric. CryptoQuant has highlighted ETF flows, Coinbase Premium, SOPR and exchange reserves as key metrics for June. The common thread across these indicators is that spot demand remains insufficient to independently drive the next leg higher without institutional participation returning.
Macro events remain the biggest variable. Markets are now focused on the US Federal Reserve’s June 16-17 policy meeting. This will also include updated economic projections. Inflation remains elevated, with US headline inflation rising 0.5% month-on-month in May. Any indication that interest rates may remain higher for longer could keep pressure on risk assets, including cryptocurrencies.
Altcoins continue to trade largely in Bitcoin’s shadow. On June 15, Ethereum traded at $1,714.98, up 1.87% over 24 hours. BNB traded at $613.40, gaining 0.74%. XRP rose 2.65% to $1.18. Solana climbed 3.17% to $70.97, making it the strongest performer among the large-cap assets. TRX advanced 1.46% to $0.3201, supported by stablecoin settlement activity. Despite these gains, none of these assets is yet demonstrating sustained independent leadership.
Our advice: Bitcoin is still trading within a relatively narrow $63,600-$66,000 range, while institutional participation remains weak after ETF outflows exceeding $1 billion during early June. Avoid aggressive lump-sum deployments ahead of the June 16-17 US Federal Reserve meeting. Instead, stagger purchases over multiple tranches and maintain a higher cash allocation until Bitcoin decisively reclaims $66,000 with improving ETF inflows.
- June 15, 2026 10:14
Stock up
Stock Market live updates: SEPC shares jump 10% to ₹7.59
SEPC has bagged a massive ₹673 crore SAIL expansion project, reinforcing its position in industrial infrastructure. Shares jumped 10 per cent to ₹7.59 on the NSE.
- June 15, 2026 10:14
Stock up
Stock Market LIVE: Steel Exchange India stocks rise 7%
Steel Exchange India has secured APCRDA approval for Simhadri TMT in Amaravati Capital City projects. Shares zoomed over 7 per cent to ₹12.35 on the NSE.
- June 15, 2026 10:13
Stock up
Stock Market Live updates: Embassy Developments stocks surge 6%
Embassy Developments has appointed Leighton Asia as the construction partner for its Embassy Citadel project in Mumbai. Shares zoomed 6 per cent to ₹62.71 on the NSE.
- June 15, 2026 10:11
Asian stocks surge on US-Iran peace deal and Strait of Hormuz reopening
Asian stocks surge on US-Iran peace deal and Strait of Hormuz reopening
Oil prices tumble as benchmarks in Tokyo and Seoul gain over 5% amid easing geopolitical tensions
- June 15, 2026 10:04
Technicals: Nifty Prediction Today – June 15, 2026: Nifty futures: Surpasses a barrier
Nifty Prediction Today – June 15, 2026: Nifty futures: Surpasses a barrier
Nifty futures show strong potential for growth, aiming for 24,150, with a positive market sentiment today.
- June 15, 2026 10:01
Currency market updates: US-Iran peace deal: Rupee perks up 54 paise in trade so far
US-Iran peace deal: Rupee perks up 54 paise in trade so far
Rupee strengthens 54 paise amid US-Iran peace deal and declining crude oil prices, trading at 94.5725 per USD.
- June 15, 2026 09:56
Stock Market Live: Smartworks expands Singapore footprint past 50,000 sq. ft.; shares rise 1% on NSE
Smartworks expands in Singapore; Adds over 15,000 sq. ft. at Manulife Tower- The company’s total Singapore footprint crosses 50,000 sq. ft.
Shares up 1% on the NSE to Rs 451.95.
- June 15, 2026 09:54
Stock market live: Sensex jumps 1,300 points, Nifty reclaims 24,000 as Iran-US peace deal cools oil prices
Sensex jumps 1,300 points, Nifty reclaims 24,000 as Iran-US peace deal cools oil prices
Sensex surges 1,300 points and Nifty reclaims 24,000 as peace deal eases oil prices, boosting investor confidence.
- June 15, 2026 09:51
Share market live: Vedanta lists 4 demerged entities
Vedanta lists 4 demerged entities
Vedanta demerges four businesses, listing aluminium, oil and gas, power, and steel as separate entities on stock exchanges.
- June 15, 2026 09:38
Commodities update: Hormuz reopening to ease oil supply risks for India
Hormuz reopening to ease oil supply risks for India
Normalised shipping expected to lower import bill, support rupee and moderate inflation pressures
- June 15, 2026 09:38
Commodities update live: Crude oil futures decline after Trump announces Iran peace deal
Crude oil futures decline after Trump announces Iran peace deal
Crude oil futures drop over 4% as Trump announces an Iran peace deal, signaling potential increased oil flow.
- June 15, 2026 09:35
Brokerages on India CPI
Goldman Sachs on India CPI
Headline inflation increased to 3.9% YoY on higher food & core inflation
Core inflation rose to 3.9% YoY driven by core goods & domestic fuel price hikes
Higher input costs linked to Middle East logistics frictions entering retail prices
June headline CPI provisionally tracking at 4.4% YoY
JP Morgan on India CPI
May CPI at 3.9% YoY, broadly in line with expectations
Core CPI up 0.8% MoM, though seasonal adjustments carry distortion
Food inflation expanded to 4.5% YoY led by milk, eggs, & vegetables
High-frequency metrics point to extended vegetable price momentum into June
June headline CPI projected around 4.4%-4.6% YoY
- June 15, 2026 09:34
Stock Recommendation: Macquarie on India Restaurants
Post-4Q demand trends show improvement in dine-in
Delivery aggregators taking market share from QSRs
Margins under pressure due to raw material inflation
Forward EPS estimates & TP pruned across coverage
Prefers Devyani Int, Sapphire Foods, & Westlife over Jubilant Food
- June 15, 2026 09:34
Stock recommendation: Bernstein on Aurobindo Pharma
Maintain Market-perform with TP of Rs 1498
Aurobindo OAI: Quality execution falls short; near term pain, future capabilities strengthening
OAI does not by itself stop shipments
Estimate a base case of continued partial supply plus a freeze on the ~35 ANDAs pending from the site, as ~3–3.5% FY27 EPS drag
The site has history of OAI followed by warning letter in 2024
Believe this is yet another evidence of poor quality execution by Aurobindo
- June 15, 2026 09:34
Stock recommendation: MS on Meesho
Maintain Equal-weight with TP of Rs 190
Acquiring Kirana Club to expand into B2B commerce play
Move should help it tap into a large market, extending its proven consumer marketplace playbook to the B2B side and boosting its B2C on the grocery side
Given the small deal size and the target’s early-stage revenue profile, near-term P&L impact on Meesho should be negligible
- June 15, 2026 09:33
Stock recommendation: Morgan Stanley on Reliance Industries
Maintain Overweight, Maintain target price ₹1,803
Analyst Top Pick
Energy security policies and tighter refining markets seen keeping product spreads structurally stronger for longer
Oil to chemicals earnings supported despite higher logistics costs; company well placed on heavy and sour crude processing and diversified sourcing
Chemical cycle recovery aided by advantaged feedstocks through US ethane and captive naphtha expected to lift earnings 6-8% this year
Monetisation 4.0 underway as solar module, cell and energy storage manufacturing ramps up; not fully reflected in valuations
AI monetisation and data centre investments remain a show-me story for investors
Stock trading at 1.1x EV to invested capital, a 68% discount to domestic peers across verticals, similar to 2018 levels before significant outperformance
- June 15, 2026 09:33
Sectoral recommendation: CLSA on India IT
Muted hiring outlook as AI shifts requirements to human + AI agents
Naukri Jobspeak Index for IT services fell 7.3% YoY in May 2026
Strong 79% correlation with headcount additions of covered IT firms
BPO sector faces high risk of AI disruption; Jobspeak growth decelerated to 8.8% YoY
Major firms holding onto entry-level fresher pipelines despite lateral hiring slowdown
- June 15, 2026 09:32
Sectoral recommendation: CLSA on Cement sector
Post correction over past three months, Indian cement stocks are now trading at c. 1SD below the historical median and implying no profitability improvement even in FY28 (vs exit FY26). While believe FY27 is likely to be soft due to cost pressures and muted demand growth, as war risk subsides, expect profitability to jump in FY28
See value across most stocks in sector but prefer Ultratech, Dalmia and Shree given a better growth outlook.
- June 15, 2026 09:32
Stock recommendation: JP Morgan on Swiggy
OW maintained; prefers Eternal over Swiggy
Toing (new platform) seeing traction among price-sensitive customers
Toing DAUs jumped since Mar-26, reaching same as Swiggy & Zomato in 4 months
Core Swiggy & Zomato DAUs remain stable, showing no visible churn yet
Organic downloads for Toing surged to reach same level as Swiggy
Paid downloads rose since March, peaking at 6x Zomato in May-26 & currently at 2x
Risk of core platform cannibalization due to lower menu prices & 0 platform fees
Toing has no delivery fee above Rs 125 & flat Rs 25 fee for orders under Rs 125
- June 15, 2026 09:32
Stock recommendation: JPM on LIC Housing
Neutral. TP Rs 590
LICHF’s loan growth guidance of 10-12% & disbursements of Rs780bn (up 17% y/y) is ambitious.
A shift in distribution model through channel partners should improve growth, but is value dilutive.
Calculations suggest incremental disbursements via partners run at a 40bps RoA loss
Further, chasing prime mortgage growth in a highly competitive environment will keep loan yields under pressure.
Management’s mixed delivery on meeting prior guidance keeps growth forecasts lower at 6.1 this year.
1QFY27 disbursement is most important near-term catalyst, & meeting this could drive a re-rating (guidance 15% y/y; JPMe 13% y/y).
- June 15, 2026 09:31
Stock recommendation: Nomura on Adani Ports
Maintain Buy; Hike TP to Rs 2080 from Rs 1850
Remains well-poised to capitalise on favourable industry tailwinds
FY26 annual report analysis – Smooth sailing
Management expects healthy revenue/EBITDA CAGRs of 19%/18% over FY26-31E
Raise FY27-28F EBITDA by 1-2%; forecast 19% EBITDA CAGR over FY26-29F
- June 15, 2026 09:31
Stock recommendation: Nomura on DR Reddys
Buy, TP Rs 1600
Announced launch of gBosulif (Bosutinib tabs) 400 mg in US, with 180- days exclusivity
Product has annual sales of USD214mn at company level
As per IQVIA, product experienced volume growth of 6% y-y in MAT April 2026.
DRRD has launched the product in partnership with MSN (unlisted), which is sole first ANDA filer for product
Launch is a positive surprise, as partnership with MSN was not disclosed earlier.
Assuming 30-40% price erosion during the exclusivity period and a 40% market share, expect product to contribute $25-30mn in revenue in FY26F
- June 15, 2026 09:31
Stock recommendation: Nomura on HDFC BK
Buy, TP Rs 950
Market concerns that have weighed on HDFCB are not independent problems.
Deposit growth lagging expectations, CD ratio above management’s guidance, LCR lowest among large private peers, & a higher reliance on short-term wholesale funding
They are same problems viewed from different perspectives
RBI’s FCNR (B) scheme could address all these in a single window, making HDFCB a potential standout beneficiary
Bank could garner 15% of overall FCNR flows, – equivalent to 3% of its current deposit base
- June 15, 2026 09:30
Brokerage houses on Nestle
UBS on Nestlé
Maintains Neutral rating with a target price of CHF 80.00
Nestlé India issued notice by FSSAI over detection of larvae in Maggi packet
Nestlé India exposure stands at 2.2% of global sales
Past: 2015 Maggi recall in India caused 30bps drag on group organic growth
2015 recall also led to 10-20bps hit to the group’s operating margin
Nomura on Nestle India
Maintains Buy rating with target price of Rs 1,500
FSSAI issued notice over detection of larvae in a Maggi packet
Nestle clarified complaint originated from an unverfied X account
Independent lab testing of same batch confirmed samples free of infestation
Co submitted comprehensive quality records to the FSSAI
- June 15, 2026 09:30
Stock recommendation: UBS on Indian Hotels
Buy, TP Rs 900
Management meet takeaways
Management highlighted resilient domestic demand as war-related disruption impacting international travel was making customers prefer domestic travel
IH’s strong pipeline supports FY27 growth guidance
Expect this momentum to sustain in coming quarters, aided by a softer base, & see potential for positive earnings surprises.
IH has demonstrated consistent execution, delivering growth and profitability despite intermittent demand challenges
Remain constructive on IH, supported by robust demand trends & strong execution
FY27 pipeline of 60 hotel openings (5,000 keys) provides solid visibility.
Alongside management fee growth and new business traction, IH expects this to drive 5–7% non-like-for-like growth, with ARRs contributing balance
- June 15, 2026 09:29
Stock recommendation: UBS on Suzlon
Buy, TP Rs 72
Investor day takeaways
Management highlighted a clear strategic pivot to an integrated renewable energy (RE) platform targeting installed base share of 40% in five years in wind (vs 33% currently)
As compared to solar manufacturing peers, Suzlon’s integrated RE strategy is relatively asset-light whereby it intends to leverage on upcoming robust integrated solar manufacturing capacities via strategic tie ups
EPC & DevCo model will ensure reduced risk and better predictability/control in projects while delivering wind farms to customers.
- June 15, 2026 09:29
Sectoral recommendation: Jefferies on India Financials
RBI expected to issue FAQ on Foreign Branch Leveraging for FCNR-B deposits
Allows overseas branches to provide leverage for domestic FCNR-B deposits
Minimizes capital friction & curbs counterparty risks to boost dollar inflows
Global clients can lock in annual dollar IRR of 14-18% with large domestic banks
Select domestic banks enhanced FCNR-B card rates by 200-350bps
- June 15, 2026 09:29
Sectoral recommendation: Jefferies on Utilities
Weak FY25-26 demand saw slowdown in renewable energy (RE) awards tendering to 26 GW vs 38-41 GW seen in FY24-25.
FY27 till date has been low at just 500 MW.
Power demand recovery began from Dec. 2025 and rose in double-digits in May and June till date
Believe awards run-rate will rise as demand strength north of 5-6% should remain.
Interestingly, tendering in FY25-26 saw Standalone Battery Energy Storage System (BESS) rise meaningfully.
JSW Energy, Adani Energy Solutions & NTPC are top picks
JSWE and NTPC should re-rate as execution ramp-up drives earnings growth and leads to stock returns AESL is locked in for 20%+ visible medium term EBITDA CAGR, which should drive upside on delivery.
- June 15, 2026 09:28
Sectoral recommendation: Jefferies on Telecom
During FY26, sector revenues rose 10% YoY to a record US$32bn, led by ARPU growth and strong momentum in B- and C-Circles.
Bharti Airtel led sector gains, adding revenue market share across most circles, supported by premiumization and rural expansion.
VIL’s revenue rose 5% YoY, but subscriber losses drove further share erosion.
Over FY26-28E, expect revenues to grow at 13% CAGR to US$41bn, assuming a 15% tariff hike in Dec-26.
- June 15, 2026 09:28
Stock recommendation: Jefferies on Interglobe Aviation
Buy, TP Rs 5380
Management meet takeaways
Mgmt reiterated pragmatic approach with near-term focus on pricing over capacity push amid cost inflation.
Discussions also focused on long-term tailwinds for Aviation growth, cost optimization and fleet expansion.
Airline is expanding forex hedging. Int’l segment is a key growth lever with new fleet, new routes.
Co is expanding its Geo and customer profile with recent initiatives.
- June 15, 2026 09:27
Stock recommendation: GMR Airports
Macquarie on GMR Airports
Initiate O-P, TP Rs 125
GMR’s India gateway airports are embedded with premium travel consumption.
Captive passenger ecosystems drive passenger spends through retail, duty free and integrated monetisation
Its large landbank offers upside through commercial development and ecosystem expansion
See an 18% Ebitda CAGR over FY26-29E
Jefferies on GMR Airports
Buy, TP Rs 125
Management meet takeaways
Three engines - aero (regulated returns), non-aero (now larger driver), and real estate - anchor growth.
Delhi’s hub ambitions with rising transfer traffic, mid teens non-aero growth and asset light consumer platform strategy were highlighted.
With capex moderating, FCF turning positive and leverage falling, BS is seeing inflection, with land monetisation highlighted as another key upside lever
- June 15, 2026 09:27
Stock recommendation: Macquarie on Phoenix Mills
Initiate O-P. TP Rs 2100
Phoenix is India’s largest pure-play name in premium urban consumption, operating 11mn sf of Grade A malls in eight cities
50% mall GLA expansion, 4x growth in office spaces, and 900 key hotel buildouts by FY30 underpin Phoenix’s growth runway.
Incremental capex of Rs12 bn annually is funded through internal accruals. A
Catalysts:
1) Commissioning of pipeline malls through FY27-FY30;
2) completion of refurbishments at Palladium Mumbai, Marketcity Bangalore, and Marketcity Pune by FY27
3) office lease-up at Mall of Asia and Mall of the Millennium.
- June 15, 2026 09:26
Stock recommendation: UBS on Lenskart
Initiate Buy, TP Rs 730
Lenskart has emerged as an industry disruptor, delivering quality prescription eyewear with a sharp value-for-money positioning, supported by its tech-enabled vertically
integrated model
It offers products of comparable quality to peers at nearly half price, a value proposition many competitors may struggle to emulate
By pursuing this value innovation strategy, it has emerged as the dominant leader; its India division is nearly 6x larger than pioneer Titan
It delivers consol gross margins of 69%, & Pre-Ind-AS EBITDA margin of 11%, which expect to continue expanding as scale increases
Expect this to create exponential earnings growth, with an EPS CAGR of 44% over FY26-31E (64% in FY26).
- June 15, 2026 09:26
Sectoral recommendation: UBS on Metal
Hindalco – Initiate Buy with TP of Rs 1325
NALCO – Initiate Buy with TP of Rs 460
Coal India – Initiate Buy with TP of Rs 550
Jindal Steel – Initiate Neutral with TP of Rs 1300
Tata Steel – Initiate Neutral with TP of Rs 220
JSW Steel – Initiate Neutral with TP of Rs 1400
SAIL – Initiate Sell with TP of Rs 170
NMDC – Initiate Sell with TP of Rs 80
A mix of positive cyclical momentum and structural cautions
Sector poised for earnings growth, but valuations make us selective
Aluminium: favourable macros and operating leverage not fully priced in
Steel: cautious view, given limited upside to realizations or valuations
Coal as a structural beneficiary of India’s growing energy demand
NMDC faces headwinds: potential execution challenges, flattish iron ore pricing
- June 15, 2026 09:25
Stock recommendation: CITI on LG Electronics India
Initiates coverage with Buy rating & TP of Rs 1,800
Dominant market share in washing machines, refrigerators, TVs, & ACs
85%+ localized, in-house manufacturing with strong parent R&D
Low domestic penetration offers structural growth runway
Upcoming Sri City plant involves Rs 50bn capex
Models 12% revenue & 23% PAT CAGR over FY26-29E
- June 15, 2026 09:21
Opening Bell: Sensex jumps 1,155 points, Nifty nears 24,000
Sensex traded 1158.32 points or 1.53% higher at 76,686.27 at 9.16 am opening higher at 76,725.27 from the previous close of 75,527.95, Nifty 50 climbed 332.95 pts or 1.41% to 23,955.85.
- June 15, 2026 09:13
IPO updates: Milky Mist updating books with FY26 numbers, to file UDRHP for IPO, says CEO Rathnam
Milky Mist updating books with FY26 numbers, to file UDRHP for IPO, says CEO Rathnam
The Tamil Nadu-based dairy firm has got SEBI approval for a ₹2,035 crore IPO in October 2025 and it expires in October this year
- June 15, 2026 09:04
Currency market updates: Stock Market Live: Rupee opens 41 paise stronger at 94.70 per dollar on US-Iran peace deal reports
The Rupee opened 41 paise stronger at 94.70 per US Dollar, buoyed by reports of the US and Iran reaching an agreement to end the West Asia conflict
- June 15, 2026 09:03
Stock Market Live: Embassy Developments appoints Leighton Asia for Mumbai’s Embassy Citadel project; contract valued over ₹850 crore
EMBASSY DEVELOPMENTS: CO APPOINTS LEIGHTON ASIA AS CONSTRUCTION PARTNER FOR EMBASSY CITADEL PROJECT IN MUMBAI || CONTRACT WORTH OVER RUPEES 850 CR, WITH AN ESTIMATED GDV OF APPROXIMATELY RUPEES 8,800 CR
- June 15, 2026 08:56
IPO updates: Razorpay files confidential IPO papers, eyes $600 million-plus public issue
Razorpay files confidential IPO papers ahead of potential $600 million issue
Razorpay confidentially files IPO papers as the fintech firm reportedly plans a $500-$600 million issue, targeting a valuation of up to $6 billion.
- June 15, 2026 08:50
Currency market live: Rupee poised to surge at open after Iran peace accord kindles inflow hopes
he Indian rupee is likely to strengthen at Monday’s open after a U.S.-Iran peace deal knocked oil prices lower and spurred hopes that dollar inflows will return to Asia’s third-largest economy.
The rupee is expected to open in the 94.80-94.85 per dollar range, per traders, having settled at 95.11 on Friday. The rupee is set to surpass the highs it reached after the Reserve Bank of India’s policy announcement on June 5, which laid out a raft of measures to support the currency. -- Reuters
- June 15, 2026 08:36
Currency market live: Rupee set to strengthen as US-Iran deal, potential forex inflows boost sentiment
India Forex and Asset Management Pvt Ltd. (IFA Global)
USD/INR
The Rupee is likely to open around 94.90 and trade a 94.60-95.10 range with appreciation bias.it strengthened 64p to 95.11 on Friday after trading a 94.95-95.53 range intraday.
Estimates of inflows through ECB+ FCNR route vary between USD 40bn-USD 100bn depending on the kind of leverage available. These inflows should give RBI enough leeway to manage the Rupee.
US and Iran have reached an agreement to re-open the SoH. The Strait will open immediately after the agreement is signed on 19th June in Switzerland
US will end its blockade on Iranian ports. Iran’s deputy Finance Minister has said that 60 day nuclear negotiations will only begin after US releases frozen Iranian funds abroad.
- June 15, 2026 08:36
SHARE MARKET LIVE: EQUITY PREVIEW
Acme Solar (ACMESOLA): Says unit commissions 33.3MW BESS in Rajasthan
Aurobindo Pharma (ARBP): Aurobindo Unit’s Plant Gets FDA ‘Official Action Indicated’
Axiscades Technologies (AXET): To sell its aerospace engineering services business to Akkodis for $206.3 million
Bharat Petroleum (BPCL): BPCL Looks to Buy LNG for June-July Delivery
Capacit’e Infraprojects (CAPACITE): To consider fund raising on June 17
DCB Bank (DCBB): Says RBI approves Pushan Mahapatra as non-executive chairman
Dr Lal PathLabs (DLPL): Incorporates unit in Dubai
Dr Reddy’s Lab (DRRD): Launch Bosutinib Tablets, a generic equivalent of Bosulif in US
Nestle India (NEST): Rejects Allegations of Contamination in Maggi Pack
NTPC Green (NTPCGREE): Starts 50MW solar commercial operations in Rajasthan, as part of 300MW solar under JV project w/ONGC
Power Grid Corp. (PWGR): Successful bidder of project for 765/400kw substation in Kakinada, Andhra Pradesh
REC Ltd. (RECL): Signs SPA with Maharashtra State Electricity Transmission for sale, transfer of Jalna Power Transmission
Sun Pharmaceutical (SUNP): Says Doshi’s Arrest Won’t Affect Company Operations
Tata Motors PV (TMPV): Tata Motors PV to Raise Prices By Up To 1.5% From July
- June 15, 2026 08:35
Stock market updates: India's FTA Dividend: Who Wins, Who Benefits?
YES SECURITIES report on India’s FTA
India’s recent wave of Free Trade Agreements (FTAs) marks a fundamental shift in economic strategy from cautious protectionism toward deeper global trade integration. Combined with Production-Linked Incentive (PLI) schemes, infrastructure investments, supply-chain localization and the global “China+1” diversification trend, these agreements have the potential to accelerate India’s manufacturing and export-led growth. The strategic objective is ambitious but clear, that is achieving US$1 trillion in merchandise exports by 2030. Our FTA Opportunity Score framework identifies Electronics, Pharmaceuticals and Engineering & Machinery Goods as the strongest beneficiaries of India’s evolving trade architecture. These sectors exhibit favourable combinations of export competitiveness, manufacturing expansion, profitability, foreign investment and positive Monte Carlo simulation outcomes, indicating a high probability of converting preferential market access into sustained export growth. Auto Ancillaries also emerge as a meaningful beneficiary, albeit with measured upside. In contrast, Textiles, Gems & Jewellery and Specialty Chemicals generate weaker FTA opportunity profiles despite possessing established export strengths. In these sectors, structural challenges such as declining competitiveness, changing global demand patterns and already high export penetration limit the incremental benefits from tariff liberalization alone. The broader implication is that India’s FTA strategy should be viewed not merely as a trade initiative but as a catalyst for manufacturing expansion, private capex revival, supply-chain integration and long-term industrial transformation. However, the ultimate success of this strategy will depend on improving domestic competitiveness, reducing logistics costs, enhancing productivity and strengthening India’s position within global value chains.
- June 15, 2026 08:34
Sectoral updates: NCR Regional Plan 2041 to reshape real estate growth with connectivity-led urban expansio
The NCR Regional Plan 2041 presents a transformative vision for the future of the region by combining enhanced connectivity, planned urban expansion and sustainable development. The goal of enabling 30-minute connectivity between Delhi and key NCR cities through the Namo Bharat RRTS network and superfast rail corridors has the potential to significantly improve regional mobility and strengthen economic integration. Equally important is the plan’s focus on developing new urban centres, promoting transit-oriented development and creating self-sustaining growth hubs that can reduce pressure on existing city cores. For the real estate sector, this framework is expected to unlock new residential corridors, broaden housing demand across emerging locations and encourage more balanced urbanisation. By aligning infrastructure, economic activity and housing growth, the plan lays the foundation for a more connected, liveable and future-ready NCR. - Aman Shharma Managing Director and Founder, Aarize Group
The NCR Regional Plan 2041 is expected to be a major catalyst for residential real estate growth across the region. By enabling faster connectivity between Delhi and key centres such as Noida, Ghaziabad, Meerut, Gurugram and Faridabad through the Namo Bharat RRTS network and other high-speed transit systems, the plan will expand the range of viable residential destinations for homebuyers. Improved accessibility often acts as a strong driver of housing demand, as buyers become more willing to consider locations that offer better value, larger living spaces and improved quality of life without compromising on connectivity. The development of new urban centres and transit-oriented growth corridors will further strengthen residential activity, encourage planned community development and support the creation of more sustainable and well-connected neighbourhoods across the NCR. - Ashish Agarwal, Director, AU Real Estate
The Regional Plan 2041 presents a transformative vision for the region by placing connectivity at the centre of future urban growth. The expansion of the Namo Bharat (RRTS) network and the goal of enabling 30-minute connectivity between Delhi and major NCR cities such as Gurugram, Faridabad, Noida and Ghaziabad will significantly reshape regional mobility. Corridors such as Delhi-Gurugram-Alwar and Delhi-Faridabad-Palwal are expected to strengthen economic linkages, reduce travel times and support more balanced urban development across NCR. As connectivity improves, emerging residential and commercial destinations beyond traditional city centres are likely to witness greater investment and demand. The plan’s focus on transit-oriented development and the creation of new urban centres will play a crucial role in driving sustainable growth, improving liveability and expanding opportunities for both businesses and homebuyers across the region. - Anil Godara, Founder and Managing Director, J Estates
- June 15, 2026 08:33
Stock Market Live: Nucleus Software and Hatton National Bank celebrate five years of partnership and digital transformation in Sri Lanka with FinnAxia platform
Nucleus Software, a leading provider of lending and transaction banking solutions to the global financial services industry, recently celebrated a significant milestone in its Sri Lanka journey. Hatton National Bank PLC (HNB), one of Sri Lanka’s leading private sector banks, and Nucleus Software marked five years of successful partnership at a gala evening held at ITC Ratnadipa, Colombo. The milestone commemorated five years since HNB selected FinnAxia®, Nucleus Software’s flagship transaction banking platform, to modernize its corporate banking ecosystem and advance the bank’s long-term digital transformation vision. The partnership underscores Nucleus Software’s continued commitment to enabling banks globally with innovative transaction banking and digital transformation solutions.
- June 15, 2026 08:33
Stock Market Live: Axis Solutions unveils MAG200 electromagnetic flow meter, offering high accuracy and low maintenance for conductive liquids and slurries
Axis Solutions Limited (”Company”) has developed “MAG200” Electro Magnetic Flow-Meter with advancement in terms of Accuracy, Reliability, Long operational life, Low maintenance and Compliance as per the international standards. This unique & technically most advanced product is designed to measure the flow of conductive liquids and slurries with reliable accuracy and minimal maintenance. This MAG200 developed in-house Axis Product Development Unit at a DSIR approved R&D Centre. MAG200 reflects Axis’ approach to managing the complete product journey - from idea and testing to product readiness and commercialization.
- June 15, 2026 08:14
Opening bid: Gift Nifty signals strong opening as Iran-US deal lifts global market sentiment
Gift Nifty signals rally as Iran-US deal boosts Indian market outlook
Gift Nifty points to a strong opening as Iran-US deal, lower oil prices and RBI measures boost investor sentiment and market recovery hopes.
- June 15, 2026 08:07
Commodities update: Sparkle over gold: Men’s diamond jewellery shines despite soaring gold prices
Sparkle over gold: Men’s diamond jewellery shines despite soaring gold prices
The men’s jewellery market registered 30% growth last year and the market has tripled since 2020; Once restricted to weddings, men already account for 15% of the total jewellery market valued at ₹8.70 lakh crore
- June 15, 2026 08:06
Stock market updates: Finance Ministry widens definition of overseas individual investors participating in capital markets
Finmin widens definition of overseas individual investors participating in capital markets
Experts feel the move may not enough to bring in foreign investment because the reason for their receding interest in India is a factor of structural macroeconomic issues and not regulatory alignment
- June 15, 2026 08:05
Regulatory moves: SEBI board may bring back open market buybacks on June 19
SEBI board may bring back open market buybacks on June 19
The proposed revival and tightening of the stock exchange route for open-market buybacks, which was phased out in 2023 due to tax-related concerns, is expected to be among the most significant items on the agenda
- June 15, 2026 08:05
Stock market live updates: India-France adopt Innovation Roadmap 2030, unveil 13 outcomes during PM Modi’s visit
India-France unveil 13 outcomes as PM Modi and Macron strengthen ties
India and France announce 13 key outcomes on AI, trade, innovation, space and defence as PM Modi and Macron strengthen strategic partnership.
- June 15, 2026 07:52
Asian stocks update: Japan's Nikkei surges more than 3% after US, Iran agree to end war
Japan’s Nikkei share average rose sharply on Monday after an announcement that the United States and Iran had agreed on a framework for a deal to end their war, lifting market sentiment.
The Nikkei 225 Index jumped 3.4% at 68,261.65 in early trade. The broader Topix climbed 2.4% to 3,976.22. - Reuters
- June 15, 2026 07:52
Commodities update: Gold gains over 1% after US, Iran reach peace deal
Gold rose more than 1% on Monday, after U.S. and Iran officials said they had reached a deal to end their conflict, pushing oil prices lower and easing concerns about inflation and higher interest rates.
Spot gold was up 1.8% at $4,297.42 per ounce, as of 0010 GMT, its highest level since June 9. U.S. gold futures for August delivery rose 1.9% to $4,318.10.
U.S. and Iranian officials said on Sunday they had agreed on a peace framework for a deal to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz. - Reuters
- June 15, 2026 07:43
Stock market updates: Indian Stocks in News
SEPC: Company bags Rs. 673 crore orders for SAIL-IISCO coke oven and sinter plant packages under 4.08 MTPA steel expansion project. (Positive)
Ashoka Buildcon: Company has secured Rs. 112.40 crore Gems & Jewellery Park project in Chhattisgarh. (Positive)
Godawari Power: Company is targeting revenue of nearly Rs. 30,000 cr over the next 5 years. (Positive)
Global Health: Company has received LOI from Haryana’s Medical Education Dept to establish a medical college. (Positive)
Fabtech: Company has secured ₹153.05 crore in consolidated orders in May 2026. (Positive)
ACME Solar: Company has commissioned additional 33.331 MW/120.384 MWh BESS capacity in Rajasthan. (Positive)
*NTPC Green: Company achieves Commercial Operation Date (COD) for 50 MW solar capacity in Rajasthan.\n- Cumulative solar capacity now stands at 250 MW out of planned 300 MW (Positive)
MCX: Company incorporates a wholly owned subsidiary, ‘MCX Coal Exchange of India Limited’. (Positive)
Prakash Industries: Company has increases Bhaskarpara Coal Mine production capacity from 1.0 MTPA to 1.2 MTPA. (Positive)
Dr. Reddy’s: Company has launched generic Bosutinib Tablets (400mg), equivalent to Bosulif®️, in the US on June 13, 2026. (Positive)
*JSW Energy:*Company signs agreement with Kolahai Infotech & SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power. (Positive)
NLC India: Unit-3 (660 MW) of Ghatampur Thermal Power Project begins commercial operations (Positive)
Power Grid: Company wins TBCB bid for green hydrogen/ammonia transmission system (Neutral)
REC Limited: Company signs a Share Purchase Agreement (SPA) with Maharashtra State Electricity Transmission. (Positive)
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IPCA Laboratories: Company has announced a partnership with BRL to access BRL’s proprietary high-concentration subcutaneous biologics delivery platform. (Positive)
A-1 Ltd: Company secures Rs. 35 crore supply orders from Industry Giants. (Positive)
Kabra Drugs: Company has secures ₹200 Crore Pharma Project in Chhattisgarh. (Positive)
Patanjali Foods: The Chennai Tax Authority has completely dropped its previous Rs 1,353 crore tax and penalty demand notice against the FMCG player (Positive)
Steel Exchange India: Company has received a formal empanelment mandate from the Andhra Pradesh Capital Region Development Authority to supply construction steel for the mega Amaravati Capital City project. (Positive)
Thomas Cook (India): Fairbridge Capital Mauritius acquired 44.27 lk shares. (Positive)
Eveready Industries: Gyan Enterprises acquired 2.22 lk shares. (Positive)
Hexaware Technologies: Company has inaugurated a new delivery centre in GIFT City, Gujarat (Neutral)
Cyient: Company launches Rs. 720 crore buyback at Rs. 1,125/share; public announcement issued for tender offer. (Neutral)
Nestlé India: Company rejects maggi infestation claims, says fssai-accredited tests found no quality or safety issues. (Neutral)
Meesho: Company approves Rs. 202 crore acquisition of kirana club in three tranches; target to become wholly owned subsidiary. (Neutral)
ONGC: ONGC Petro additions Limited received board approval to raise funds up to Rs. 4,471 crore via private placement of Non-Convertible Debentures (NCDs). (Neutral)
Welspun Living Ltd: Company has published a Post Buyback Public Announcement for the buyback of 1.44 crore equity shares at Rs. 175 per share, aggregating Rs. 252 crore. (Neutral)
SJ Corporation Ltd: Wholly-owned subsidiary, Fishfa Rubbers Limited, approved the allotment of 100 equity shares & 2,05,705 Series A CCCPS (Rs. 10 nominal value each) via preferential private placement. (Neutral)
Karur Vysya Bank: Company has increased its FCNR deposit rates, offering up to 7.00% p.a. on USD deposits for tenures of 3 years & above. (Neutral)
Signature Green: Company has filed an application with the Hon’ble NCLTunal, Mumbai Bench, for the merger by absorption/amalgamation of Arvind Foods Limited. (Neutral)
RBLBank: Appoints Bhavin Lakhpatwala as the CFO of the bank w.e.f June 12, 2026. (Neutral)
Ather Energy: Board approves ₹2,500 crore fundraise via QIP, rights issue and FCCBs (Neutral)
IDFC First Bank: CBI files two charge sheets in IDFC First Bank -linked cases involving ₹657 crore loss. (Neutral)
Devyani International: Company is investigating allegations related to KFC hygiene issues and will make a representation to FSSAI: ETNow. (Neutral)
DCB Bank: RBI approves Pushan Mahapatra as DCB Bank part-time chairman. (Neutral)
Affle: Company’s subsidiary AMEA acquires AdColony assets from Digital Turbine (DT). (Neutral)
Yatharth Hospital: Company has acquired a hospital asset in Sector 40, Gurugram from RNY Healthcare Services Pvt Ltd. (Neutral)
Dr. Lal PathLabs: Company incorporates subsidiary ‘Dr Lal PathLabs FZCO’ in Dubai, UAE. (Neutral)
Adani Green: Company has incorporated wholly-owned subsidiary Adani Global IFSC Limited on June 03, 2026. (Neutral)
Aptus Pharma: Board has approved fundraising of ₹51.00 crores for business expansion via a Board Meeting. (Neutral)
Axiscads: Aerospace Engineering Services business transferred to Akkodis Group AG & Akkodis India Pvt Ltd. (Neutral)
Ashoka Buildcon: CRISIL has reaffirmed and subsequently withdrawn long-term and short-term debt ratings. (Neutral)
Swiggy, Zomato: Comapnies Asked To Register Gig Workers by June 21. (Neutral)
Aditya Birla Capital: The board has approved a massive equity capital-raising program aggregating to Rs 4,000 crore via preferential share allotments to fortify its capital adequacy (Neutral)
Vintage Coffee: Altizen Ventures sold 7.50 lk shares, at price 163.17 (Neutral)
Circuit filter change from 20% to 5%: DCM. (Neutral)
List of stocks included in the short term ASM Framework: Vadilal Industries, Jayant Infratech. (Neutral)
List of stocks excluded from ASM Framework: Hindustan Copper, Embassy Developments. (Neutral)
Keerthi Industries: Company has temporarily closed its clinker production facility from 12th June, 2026, owing to unfavorable market conditions in the cement industry. (Negative)
Aurobindo Pharma: Company’s unit in Telangana classified “OAI” by USFDA after inspection (Negative)
NEWS UPDATE:
TRUMP SAYS DEAL WITH IRAN IS NOW COMPLETE
EVENT UPDATE
The official US IRAN deal signing ceremony will be on Friday, 19 June in Switzerland”
- June 15, 2026 07:41
Crude Check: Oil futures set to drop
Oil Futures Set to Drop
Crude oil prices drop as futures indicate potential for further decline, with corrective rises possible before a downtrend.
- June 15, 2026 07:38
Buzzing stocks: 16 stocks including RIL, TCS, Tata Motors, Meesho, Hexaware and JSW Energy in focus
16 stocks to watch on Monday: RIL, TCS, Tata Motors, Meesho among key names
Key Indian stocks in focus include RIL, TCS, Tata Motors, Meesho, and Hexaware amid significant corporate developments and announcements.
- June 15, 2026 07:26
Sectoral trends: Why these 8 pharma and healthcare stocks will be in focus on Monday
These 8 pharma and healthcare stocks may be in focus on Monday
Key pharma and healthcare stocks to watch Monday due to significant developments like drug launches, partnerships, and regulatory updates.
- June 15, 2026 07:11
WATCH: Nifty & Bank Nifty இந்த வாரம் (June 15-19) என்ன ஆகும்? எங்கு செல்லும்?
- June 15, 2026 07:09
Stock Market Live: Asian shares surge as US-Iran deal ends war and reopens Strait of Hormuz; oil prices drop $3 a barrel
Share prices soared Monday in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz.
Benchmarks in Tokyo and Seoul gained more than 5% early Monday. Oil prices fell more than $3 a barrel.
US President Donald Trump confirmed the deal and authorised an end to the US naval blockade of Iranian ports. But it may take months for oil prices to stabilise after the disruptions from the war caused them to surge, pushing costs up gasoline and many other products. - AP-PTI
- June 15, 2026 07:07
Stock Market Live: Radico Khaitan unveils new premium After Dark Blue Grain Whisky to meet rising demand for contemporary, aspirational spirits
Radico Khaitan Limited, one of India’s leading homegrown alcobev companies, today unveiled the all-new premium avatar of After Dark Blue Grain Whisky, reflecting the brand’s evolution in line with changing consumer preferences and the growing demand for contemporary, aspirational whisky experiences.
- June 15, 2026 07:07
Stock in focus: Clarification to Investors Regarding AVI Polymers Ltd
With reference to the announcement made by the Company AVI Polymers Ltd. on June 9, 2026, it is informed that “the Exchange’s misunderstanding” as stated by the Company in the said announcement regarding existence of the Company at registered office, is incorrect. While the company has made submissions, however, the statement made by the company in the said announcement that “BSE has now acknowledged the company’s representation and supporting evidences” is not factually correct. Further, the Company has made partial submissions with regard to its existence and operations, which are under review. Investors are requested to take note of the above clarification issued by the Exchange.
- June 15, 2026 07:07
Share market live: Fitch Upgrades Vedanta Resources to 'BB'; Outlook Stable
Fitch Ratings has upgraded UK-based Vedanta Resources Limited’s (VRL) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BB-‘. The Outlook is Stable. Fitch has also upgraded VRL’s senior unsecured rating to ‘BB’ from ‘BB-‘, and the ratings on the US dollar bonds issued by VRL’s subsidiary Vedanta Resources Finance II Plc (VRF2), and unconditionally and irrevocably guaranteed by VRL, to ‘BB’ from ‘BB-‘.
- June 15, 2026 07:06
AI-driven productivity gains could support India’s GDP growth through services sector: Equirus Economics
India’s services sector is among the most exposed to artificial intelligence (AI)-driven productivity gains among major emerging economies, positioning the country to benefit from stronger GDP growth as AI adoption accelerates, according to a report by Equirus Economics.
The report, which examines labour productivity trends across emerging markets, said the current wave of AI adoption is fundamentally different from previous technology cycles because it is concentrated in software-driven applications such as large language models (LLMs), generative AI tools, coding assistants and workflow automation systems
- June 15, 2026 07:06
Stock Market Live: Trump claims US-Iran deal done, orders Strait of Hormuz reopening and end to naval blockade
On Truth Social, US President Donald Trump posts, “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow! President DONALD J. TRUMP”
- June 15, 2026 07:05
Stock in focus: Key takeaways from Equirus Securities Analysis of Polycab India's FY26 Annual Report
Equirus Securities, in its analysis of Polycab India’s FY26 Annual Report titled “Compounding, the Polycab Way”, highlighted that FY26 marked a strong start to the company’s five-year Project Spring strategy, with execution tracking at or ahead of management guidance across most key parameters.
Market Share Gains and Core Wires & Cables Momentum
According to Equirus, Polycab delivered its sharpest single-year market share gain in recent history, with its share in the organised wires and cables market rising to approximately 30-31% in FY26 from 26-27% in FY25. The company reported domestic volume growth of around 18%, significantly ahead of industry growth of about 11%.
Revenue increased 29% year-on-year to Rs 288.8 billion, driven by strong performance in the wires and cables segment, which grew 32.7% to Rs 255.3 billion. Despite higher copper prices, gross margins improved to 25.3% while EBITDA margin reached a record 13.9%.
Project Spring Ahead of Plan
Equirus noted that the first year of Project Spring delivered ahead of expectations on several metrics. Wires and cables growth tracked at around 1.5x-2x industry growth, while the FMEG business expanded at nearly 3x-4x industry growth. Wires and cables EBIT margin stood at 13.6%, above the company’s guided range of 11-13%.
The brokerage also highlighted FY26 capex of Rs 14.8 billion, which remains aligned with Polycab’s planned Rs 60-80 billion investment programme over FY26-FY30.
FMEG Business Turns a Growth Driver
One of the key positives identified by Equirus was the structural turnaround in the FMEG segment. The business remained profitable for five consecutive quarters, with margins turning positive at 2.7% compared to losses in the previous year.
Solar emerged as the standout category, registering 3.5x volume growth, achieving around 1.6 GW of installed capacity and capturing nearly 20% market share in string inverters. Premium fans, switches, switchgear and conduits also contributed to broad-based growth.
BharatNet Orders Boost EPC Visibility
Equirus highlighted that Polycab’s EPC order book expanded sharply to around Rs 113 billion from Rs 62 billion at the end of FY25, supported primarily by BharatNet Phase-III contracts worth nearly Rs 80 billion across Karnataka, Goa, Bihar and Tamil Nadu.
Management continues to view EPC as a strategic forward-integration platform that supports incremental demand for its core wires and cables business.
Exports Remain the Key Monitorable
The brokerage identified exports as the only area where performance lagged internal aspirations. Export contribution declined to 5.4% of revenue in FY26 from 6% in FY25, impacted by geopolitical disruptions in the Middle East and project delays.
However, Polycab expanded its international footprint to 94 countries and revamped its US distribution strategy. Equirus believes achieving the company’s target of exports contributing more than 10% of revenue by FY30 will depend on the success of these initiatives.
Financial Observations
Equirus also flagged a few balance-sheet developments worth monitoring. Operating cash flow doubled to Rs 38.1 billion, aided in part by increased supplier financing. Inventory levels rose as the company stocked copper ahead of price increases, while discounting as a percentage of sales increased marginally to 1.6% from 1.4% in FY25.
Key Watchpoints for FY27
According to Equirus, the key factors to monitor in FY27 include the pace of export recovery, progress in FMEG profitability towards the company’s medium-term targets, and sustainability of margins in the wires and cables business.
Overall, Equirus believes Polycab remains well positioned to benefit from structural growth opportunities in power, renewable energy, data centres, infrastructure, real estate and exports, and does not foresee any significant execution challenges for the company.
- June 15, 2026 07:04
Financial markets update: RBI TO INFUSE LIQUIDITY WITH ₹75,000 CRORE OVERNIGHT VRR AUCTION ON JUNE 15
- June 15, 2026 07:04
Equirus Securities | Equirus Economics | Labour Productivity in Emerging Economies: Catch-up, Innovation, and now AI
Key highlights from the report:
* Emerging market labour productivity has compounded at 3-9% annually over the past three decades, though the current cycle is increasingly defined by divergence across economies.
* Vietnam is the standout performer in the current cycle, recording labour productivity growth of 5.3% CAGR during 2020-26 while China continues to lead in absolute productivity levels.
* India’s labour productivity growth stood at 4.1% CAGR during 2020-26, compared with 3.4% in the 2010s and 5.3% in the 2000s.
* India’s GDP per worker has increased from approximately US$6,700 in 1995 to US$22,800 currently. However, the productivity gap with China has widened by more than US$30,000 per worker in absolute terms since 2000.
* India and Bangladesh currently operate at nearly identical productivity levels, at approximately US$22,800 and US$22,600 per worker, respectively.
* India recorded the sharpest Covid-era productivity shock among economies studied in the report, with labour productivity contracting by 12.3% in 2020.
* The report notes that PLI schemes and China+1-led investments are generating gains in electronics, pharmaceuticals and auto components, though manufacturing’s share of GDP has not structurally increased.
* AI is emerging as a new variable in the productivity outlook for emerging markets.
* “The current wave (LLMs, generative tools, coding assistants) disproportionately benefits service-led economies.”
* “India’s financial, IT, and professional services account for ~23% of GVA, and it is precisely this slice that is most exposed to AI-driven unit cost compression and productivity gains.”
* “Researchers more or less have a consensus on a positive relationship between AI adoption and labour productivity, however the degree of impact is divergent - from moderate productivity gains to large output increases.”
* “The productivity gains to GDP and unit cost benefits would greatly work in favour for service led economies like India.”
* The report notes that while AI-driven productivity gains could support GDP growth, the impact on inflation may be more limited, as “the categories that dominate India’s CPI basket (food, commodities, physical services) still remain outside this umbrella.”
* The report concludes that AI’s productivity dividend across emerging markets is expected to be real but highly uneven, with service-oriented economies such as India likely to benefit sooner than manufacturing-heavy economies.
- June 15, 2026 07:03
tock Market Live: Elara Capital economist sees May CPI inflation below 4%; expects FY27 inflation at 5.2–5.3% and RBI rate hike in H2FY27
Garima Kapoor, Deputy Head of Research and Economist at Elara Capital on May CPI data
CPI Inflation for May came a tad below the expectation of 4% despite the pass-through of high fuel prices and elevated food prices. With recent measures announced by the RBI and the government amid the likely expected resolution of the West Asian crisis, the macroeconomic backdrop has turned less adverse. We see Inflation averaging 5.2-5.3% in FY27 and see RBI hiking rates by 50bps in H2FY27
- June 15, 2026 07:03
Stock Market Live: Economist Madan Sabnavis projects May CPI inflation at 3.9%, warns of price pressures
Madan Sabnavis, Chief Economist, Bank of Baroda
CPI inflation for May was 3.9% which is marginally lower than our forecast of 3.9%. Inflation is expected to move upwards at a differential pace in the coming months depending on transmission of higher energy prices to different products. And subsequently, the monsoon impact will get reflected in food products prices. The monsoon is already delayed and advice given to farmers was to wait for the rains to arrive before sowing their seeds for the relevant crops.
The inflation numbers are interesting as the higher inflation number of 3.9% against 3.5% in April was still driven by food prices with inflation being 4.8%.
•Food price inflation has been high due to specific products witnessing higher prices such as tomato even as other showed declines. Edible oils continue to witness higher price increases.
•The direct impact of the price increases of fuel products starting with LPG, CNG, petrol and diesel is revealed in higher prices of
oTransport of goods,
oTransport by own vehicle
oGlass products
•The other area within services where prices have gone up sharply was restaurants with inflation of 5.8%. this is a direct impact of energy prices going up as well as food raw materials which has caused them to increase prices.
•The personal care group has inflation of 18.5% mainly due to gold and silver prices. But this should ease sharply in the coming months with the price of these metals coming down. However, the higher duty imposed would continue to exert pressure on prices.
•The state wise inflation numbers remain fairly stylized with the 4 southern states witnessing higher numbers- TN, AP, Telangana and Odisha. Interestingly most of the north eastern states have witnessed inflation of less than 3% with Mizoram having the lowest of 1%.
•We do expect inflation for the year to range between 5.2-5.5% on the assumption of oil being on an average $ 90-100/barrel.
- June 15, 2026 07:01
Stock market live: GOVERNMENT NOTIFIES FEMA RULES TO EASE FOREIGN INVESTMENT IN INDIAN STOCKS
Key changes include:
Individual Persons Resident Outside India (PROIs) can now invest directly in listed Indian equities through the Portfolio Investment Scheme (PIS), a facility previously limited to NRIs and OCIs.
Individual investment limit increased from 5% to 10% in any listed company.
Aggregate limit for all individual PROIs increased from 10% to 24%.
Move is aimed at attracting larger and more stable foreign capital inflows into Indian equity markets.
- June 15, 2026 07:01
Stock Market Live: FIIs net sellers at ₹1,082 cr; DIIs net buyers at ₹5,341 cr in equity cash trades on June 12
Instl. Investors EQUITY Cash Trades PROV. - 12/06/2026 : Rs. CRS. :
FIIS : SELL -1,082 (12,064-13,146)
DIIS : BUY +5,341 (18,877-13,536)
- June 15, 2026 06:54
Movers & Shakers: Stocks that will see action this week
Movers & Shakers: Stocks that will see action this week
Here is what the charts say about the shares of Grasim Industries, Lupin and Ramkrishna Forgings
- June 15, 2026 06:52
Technicals - US Market Outlook: Bourses bounce back
US Market Outlook: Bourses bounce back
All eyes on Kevin Warsh’s first meeting as the Fed chairman
- June 15, 2026 06:52
Technicals - Nifty Outlook: Recovery signs
Recovery Signs
Indian indices show recovery signs, with potential bullish trends if resistance levels are breached amidst FPI sell-offs.
- June 15, 2026 06:42
Commodities update: Iran war deal may ease oil crisis, but energy supply recovery could take months
Oil supply recovery may take months despite Strait of Hormuz reopening
Experts warn oil and fuel prices may remain high as restoring production, shipping and confidence after Strait of Hormuz disruption could take months.
- June 15, 2026 06:41
Iran war latest: UK, France, Germany and Italy support Iran deal with nuclear conditions
UK, France, Germany and Italy support Iran deal with nuclear conditions
UK, France, Germany and Italy say they are ready to ease Iran sanctions if Tehran takes nuclear steps after a reported US-Iran agreement.
- June 15, 2026 06:41
Currency market update: Dollar falls to 10-day low after US-Iran peace deal
Dollar falls to 10-day low after US-Iran peace deal
US dollar slips to a 10-day low after US-Iran deal news lifts risk appetite, lowers oil prices and supports major global currencies.
- June 15, 2026 06:40
Commodities update: Oil prices drop over 4% as US-Iran ceasefire deal lifts market hopes
Oil prices fall as US-Iran deal eases Strait of Hormuz supply fears
Oil prices drop more than 4% after a reported US-Iran deal to halt conflict and reopen the Strait of Hormuz reduces global supply concerns.
- June 15, 2026 06:39
Iran war latest: Trump threatens renewed strikes on Iran if final nuclear agreement is not reached
Trump threatens Iran strikes if nuclear deal fails
Trump warns Iran of renewed military action if nuclear talks fail, while saying a deal could keep the Strait of Hormuz permanently toll free.
- June 15, 2026 06:38
Iran war latest: US, Iran reach deal to end war, signing ceremony set in Switzerland on Friday
US, Iran reach peace deal to end war, signing ceremony set in Switzerland on Friday
US and Iran agree on a deal to end war, halt military operations, reopen Strait of Hormuz and begin talks on Iran’s nuclear programme.
- June 15, 2026 06:36
WATCH: Nifty and Bank Nifty Prediction for the week June 15-19 by BL GURU
- June 15, 2026 06:35
WATCH: Stock to buy today: June 15, 2026
- June 15, 2026 06:34
Stock to buy today: Kotak Mahindra Bank (₹403.35)
Stock to buy today: Kotak Mahindra Bank (₹403.35)
While there is a chance for the stock of retest the resistance-turned-support of ₹393 and ₹400, we expect it to resume the uptrend and eventually appreciate to ₹430
Published on June 15, 2026
