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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports Artemis II astronauts return to Earth after historic lunar flyby and Pacific splashdown US-Iran peace talks in Pakistan: What will be discussed? 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital Reliance seeks government approval to buy Iranian crude oil US Vice President Vance arrives in Pakistan for crucial peace talks with Iran EU condemns ‘illegal’ Israeli expansion: 30 new West Bank settlements spark global outcry US intelligence indicates China preparing weapons shipment to Iran Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns India, Japan discuss Strait of Hormuz security Editorial. Fair deal Editorial. Wait and watch Letters to the Editor dated April 10, 2026 IPL 2026: Ad volume witness marginal dip in first 13 matches MAHE and Helogen Corporation partner for space-based biomedical research Share of Indian employees ‘engaged’ at work on a decline, says report West Asia Crisis: Induction cooking may consume 13-27 GW power In Bengal, will the Left’s vote shift to the Right? Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Sharp fall in prices hit gold ETF inflows in March Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility Invoices financed on RXIL’s platform jumps 51% to ₹1,21,105 cr in FY26 India to continue buying Russian crude oil BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon India’s textile and garments exports to the US declined 28.7% in February 2026 NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Why India’s ₹5 pack won’t disappear, but getting smaller Political climate gets Madurai temperatures soaring Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance West Asia conflict: LPG usage at 21-month low in March Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence RBI unveils medium-term strategy framework ‘Utkarsh 2029’ Unfortunate fallout of cyber crime investigations Fintechs bet big on digital FDs, eye larger share of retail savings RBI proposes ₹1 Lakh crore asset threshold for NBFC Upper Layer classification India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman E-way bill generation surged all time high of over 14 crore in March Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Broker’s call: JM Financial (Buy) Shapoorji Pallonji group reiterates call for public listing of Tata Sons TCS Q4 results: Staying in purgatory for a while Letters to the Editor dated April 9, 2026 Systematix Private Wealth aims ₹40,000-crore AUM in five years Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore LIC board meets today to consider maiden bonus issue Rupee seen sliding to 100 per Dollar as Oil prices surge Here’s everything you need to know about upcoming Assembly Elections 2026 Judging and backing early winners Nifty & Bank Nifty இந்த வாரம் (30 Mar’26 to 03 Apr’26) என்ன ஆகும்? எங்கு செல்லும்? Bandu’s Blockbusters For March 29, 2026 The Honda Shine 100 DX review: Light work
Stock Market Today Highlights, June 16: Sensex gains 544 pts, Nifty settles at 23,989 on US-Iran peace deal
Team BL & KS Badri Narayanan · 2026-06-16 · via Business News Today: Latest Business News, Finance News
SENSEX   76,808.48

+ 544.15

NIFTY   23,989.15

+ 135.25

CRUDEOIL   7,442.00

 -176.00

GOLD   153,178.00

+ 262.00

SILVER   250,736.00

 -722.00

SENSEX   76,808.48

+ 544.15

NIFTY   23,989.15

+ 135.25

NIFTY   23,989.15

+ 135.25

CRUDEOIL   7,442.00

 -176.00

CRUDEOIL   7,442.00

 -176.00

GOLD   153,178.00

+ 262.00

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Sensex, Nifty, Share Prices Highlights: Indian shares closed higher on Tuesday, advancing for a ​third straight session, as a preliminary U.S.-Iran peace deal ‌cooled oil prices and improved risk appetite.

Updated - June 16, 2026 at 03:54 PM.

Stock market crash and escape. Stocks market index to change direction. Investment growth. Businessman pulls up the red arrow graph.

Stock market crash and escape. Stocks market index to change direction. Investment growth. Businessman pulls up the red arrow graph. | Photo Credit: Yellow Man

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 16th June 2026.

Sensex ended 544.15 pts or 0.71% higher at 76,808.48, and Nifty 50 was up 135.25 pts or 0.57% to 23,989.15.

Eleven of the 16 major ‌sectors traded higher, while the broader small-cap and mid-cap indexes rose 0.4% each.

Elsewhere in ‌Asia, markets gained 0.8%, while Brent crude fell ‌about ⁠2% to $81.6 a barrel, a positive for ⁠oil-importing India.

Foreign portfolio investors (FPI), who have sold a record $30.8 ‌billion of Indian equities so far in 2026, turned net buyers on Monday after 13 straight sessions of selling, with inflows ⁠worth $21.2 million.

Key Highlights

  • Sensex ended 544.15 pts or 0.71% higher at 76,808.48, and Nifty 50 was up 135.25 pts or 0.57% to 23,989.15.
  • Eleven of the 16 major ‌sectors traded higher, while the broader small-cap and mid-cap indexes rose 0.4% each.
  • Brent crude fell ‌about ⁠2% to $81.6 a barrel
  • The ⁠rupee closed up 0.2% at 94.56 against the dollar, as traders await details of the U.S.–Iran peace agreement and guidance from the U.S. Federal Reserve. (Read more here)
  • The ⁠benchmark 10-year bond was quoted at ₹100.53, with ‌the yield up nearly one basis point at 6.864%.
  • Asian shares are mostly higher, Japan’s Nikkei tops 70,000 before BOJ rate hike
  • June 16, 2026 15:53

    This live blog is closed for the day.

  • June 16, 2026 15:44

    Rupee extends gains, settles at 94.56 against dollar; markets eye Fed decision, Iran deal details

    Rupee extends gains, settles at 94.56 against dollar; markets eye Fed decision, Iran deal details

    Rupee gains 0.2% to 94.56 against the dollar; markets await Fed decision and Iran deal details.

  • June 16, 2026 15:38

    Markets at close

    Sensex ended 544.15 pts or 0.71% higher at 76,808.48, and Nifty 50 was up 135.25 pts or 0.57% to 23,989.15.

  • June 16, 2026 15:37

    INDIAN RUPEE ENDS UP 0.2% AT 94.56 PER U.S. DOLLAR; PREVIOUS CLOSE 94.71

  • June 16, 2026 15:35

    Broker’s Call: NTPC (Buy)

    Broker’s Call: NTPC (Buy)

    As per CEA projections, India is expected to add 683 GW capacity by FY36E, of which 600 GW would be non-fossil based capacity

  • June 16, 2026 15:32

    Nifty closes 135.25 points up at 23,989.15

  • June 16, 2026 15:32

    Sensex closes 544.15 points up to 76,808.48

  • June 16, 2026 15:31

    Infosys Collaborates With Valmet To Reimagine IT Operations With AI Accelerated Transformation

  • June 16, 2026 15:28

    Repono bags 20-year energy storage contract in UP from Reliance

    Repono bags 20-year energy storage contract in UP from Reliance

    The 20-year contract under which Repono will undertake the complete lifecycle of a large-scale, greenfield, rail-fed Petroleum Oil terminal in western Uttar Pradesh

  • June 16, 2026 15:25

    Logistics timeline icon

    GE Shipping contracts to buy a secondhand Long Range 2 Tanker

  • June 16, 2026 15:05

    Companies timeline icon

    Marksans Pharma has completed the process of acquiring 100% share capital of QliniQ B.V. based in the Netherlands.

  • June 16, 2026 15:04

    Companies timeline icon

    NBCC (India), in the ordinary course of business, secured orders amounting to Rs. 20.92 Cr. approx.

  • June 16, 2026 14:51

    NSE timeline icon

    NSE’s index services subsidiary, NSE Indices Limited had launched 11 new sectoral indices namely:

    1) Nifty Power 

    2) Nifty Capital Goods 

    3) Nifty Telecommunications 

    4) Nifty Construction 

    5) Nifty Consumer Services 

    6) Nifty Commercial & Transport Services 

    7) Nifty Retail 

    8) Nifty Hospitals 

    9) Nifty NBFC 

    10) Nifty Housing Finance 

    11) Nifty Insurance

  • June 16, 2026 14:46

    Companies timeline icon

    Marsons has received a Letter of Award worth ₹7.75 crore (approx.) ($8,20,000 only) from US- based Solar Energy Developer for supply of 25 MVA Power Transformer in Hemet, California, USA

  • June 16, 2026 14:44

    Nifty could hit 27,000-28,000 in CY26, says Monarch Networth; bullish on banks, telecom stocks

    Nifty could hit 27,000-28,000 in CY26, says Monarch Networth, bullish on banks, telecom stocks

    Monarch Networth Capital predicts Nifty could reach 27,000-28,000 by CY26, driven by banking and telecom sector growth.

  • June 16, 2026 14:24

    India's structural growth story remains strong, driven by resilient demand, infrastructure investment and improving corporate fundamentals: Ventura

    • Sees Emerging Opportunities in Defence, Power, Healthcare, Recycling and Financials Amid Improving Market Fundamentals

    • Strong earnings momentum, improving FII sentiment, domestic growth drivers and sector-specific opportunities expected to support Indian equities

    Ventura today hosted a webinar titled “Current Market Opportunities: Sectors, Stocks, FII Flows, Macro & Geopolitical Insights”, wherein it highlighted that despite global geopolitical uncertainties and periodic market volatility, India’s long-term growth outlook remains constructive, supported by strong macroeconomic fundamentals, healthy corporate balance sheets and sustained domestic participation.

  • June 16, 2026 14:24

    Sensex traded 525.01 pts up or 0.69% to 76,789.34 while Nifty was up 129.70 pts (0.54%) to 23,983.60

  • June 16, 2026 14:11

    Inox Wind inks MoU with Inox Clean to supply 1,500 MW wind turbines

    Inox Wind inks MoU with Inox Clean to supply 1,500 MW wind turbines

    Inox Wind signs MoU with Inox Clean to supply 1,500 MW of wind turbines for renewable energy projects across India.

  • June 16, 2026 14:10

    AstraZeneca Pharma board approved the appointment of Praveen K Mittal, Director - Corporate Affairs

    AstraZeneca Pharma board approved the appointment of Mr. Praveen K Mittal, Director - Corporate Affairs, with effect from July 6, 2026.

  • June 16, 2026 14:09

    Stock in focus: Kilburn Engineering

    Kilburn Engineering has secured its first orders from Casale SA, Switzerland, with an aggregate value of approximately ₹7,020 lakhs.

  • June 16, 2026 13:59

    Biocon aims to become world’s top insulin supplier in five years

    Biocon aims to become world’s top insulin supplier in five years

    Drugmaker Biocon Ltd. is aiming to become the world’s top supplier of insulin in the coming years, its co-founder Kiran Mazumdar-Shaw said, by capturing growing demand for the critical drug while Big Pharma shifts its focus to other medicines. 

  • June 16, 2026 13:58

    HEC Infra Projects received Workorder worth Rs.34.82 crore from MIS Stellar Manufacturers Private Limited.

  • June 16, 2026 13:44

    HCLTech shares gain 4% after ₹1,427 cr investment in Sarvam AI

    HCLTech shares gain 4% after ₹1,427 cr investment in Sarvam AI

    Shares of HCL Technologies rose nearly 4 per cent on Tuesday after the IT services major announced a ₹1,427.25 crore investment in Sarvam AI, marking what analysts described as a strategic bet on the emerging sovereign artificial intelligence (AI) opportunity.

  • June 16, 2026 13:31

    Stock market live: Federal Bank launches ‘FCNR Max Deposit Scheme’ at 6.25% interest for NRI customers

    Federal Bank has announced the launch of a special FCNR deposit in US Dollars named ‘FCNR Max Deposit Scheme’, aimed at meeting the rising demand among NRI customers for high-yield, secure investment options. The deposit scheme offers an interest rate of 6.25% for tenures ranging from 3 to 5 years, ensuring stable and competitive returns.

    The bank remains committed to offer customer-centric financial solutions, especially for its NRI clientele and that the FCNR Max Deposit Scheme reflects Federal Bank’s focus on delivering both value and reliability in foreign currency investments said Mr. Joy P. V., Country Head – Retail Liabilities.

    FCNR Max Deposit Scheme comes with a lock-in period of 1 year from the date of opening. In the event of premature closure after the lock-in period, interest will be payable at a rate 1% lower than the applicable rate for the actual period the deposit was maintained with the bank.

  • June 16, 2026 13:31

    Stock market live: Sensex up 446 points, Nifty rises 111 points in afternoon trade

    At 1.26 pm, Sensex climbed 446.45 pts or 0.59% to 76,710.78, and Nifty 50 gained 110.85 pts or 0.46% to 23,964.75.

  • June 16, 2026 13:26

    Commodities update: Led by US, exits from gold ETFs continue for the 5th week in a row

    Led by US, exits from gold ETFs continue for the 5th week in a row

    Investors chose to encash $4 for every dollar invested in physically-backed gold exchange-traded funds (ETFs) last week, as investments continued to witness net negative inflows for the fifth week in a row, data from the World Gold Council (WGC) showed. 

  • June 16, 2026 13:24

    Sectoral updates: India’s REITs and InvITs market may attract Rs 11.6 lakh crore by 2030: Avendus

    India’s REITs and InvITs may attract Rs 11.6 lakh crore investment by 2030: Avendus report

    India’s REITs and InvITs may draw Rs 11.6 lakh crore by 2030, with AUM seen crossing Rs 20 lakh crore, driven by infra growth and reforms.

  • June 16, 2026 13:15

    Stock market live: Mahindra Holidays acquires Aditatva Estates for Rs 37.5 crore; shares flat at Rs 231.28

    Mahindra Holidays & Resorts India completed the acquisition of 100% equity stake in Aditatva Estates Private Limited (“Aditatva”) for an aggregate consideration of Rs. 37.5 Crore.

    Shares traded flat at Rs 231.28 on the NSE.

  • June 16, 2026 13:15

    Stock market live: Cipla appoints Shivam Puri as CEO – One India Business, effective July 1, 2026

    Cipla board informed the appointment of Shivam Puri, Managing Director and Chief Executive Officer of Cipla Health Limited, wholly owned subsidiary, as the Chief Executive Officer – One India Business and a member of the Management Council, with effect from 1st July, 2026.

  • June 16, 2026 13:10

    Stock market live: Bondada Engineering jumps 3% on NTPC solar and battery storage project win in Uttar Pradesh

    Bondada Engineering has received a Notification of Award (NOA) from NTPC Renewable Energy Limited for the EPC Package for Development of 250 MW Solar PV Project with 50 MW/200 MWh Battery Energy Storage System (BESS) Project at Sitapur, Uttar Pradesh. 

    Bondada stock surged 3% to Rs 339.60 on the BSE

  • June 16, 2026 13:10

    Stock market live: Karnataka cements top export position with ₹19.7 lakh crore shipments in FY26

    Karnataka exports grow 9.5 per cent to ₹19.7 lakh crore in FY26, says DK Shivakumar

    Karnataka exports rise 9.5% to ₹19.7 lakh crore in FY26, says DK Shivakumar, highlighting strong tech, manufacturing growth and investment push.

  • June 16, 2026 13:02

    Midday updates: Sensex, Nifty hold gains off day’s high, metal stocks slump over 2%, Hindalco, NALCO, Vedanta Aluminium top losers

    Sensex, Nifty hold gains off day’s high, metal stocks slump over 2%, Hindalco, NALCO, Vedanta Aluminium top losers

    Equity benchmarks pared early gains but continued to trade in positive territory during the afternoon session on Tuesday, as profit booking in select heavyweights capped the rally triggered by easing crude oil prices and supportive global cues.

  • June 16, 2026 12:55

    IPO updates: Sify Infinit puts ₹3,700 crore IPO on hold

    Sify Infinit puts ₹3,700 crore IPO on hold

    Sify Infinit Spaces, the first pure-play Indian data centre operator to pursue a public listing, was seeking a valuation of as much as $4.2 billion in the proposed offering.

  • June 16, 2026 12:55

    IPO Updates: Its ‘deferred, not abandoned’, awaiting right window: SIS on IPO plan for cash logistics biz

    Its ‘deferred, not abandoned’, awaiting right window: SIS on IPO plan for cash logistics biz

    In the latest annual report, the company said "the intent (for IPO) is unchanged", adding that it has already filed the draft red herring prospectus (DRHP) for SIS Cash Services

  • June 16, 2026 12:50

    Stock market live: HDFC Life allots shares worth ₹1,000 crore to HDFC Bank on preferential basis

    HDFC Life Insurance Company approved the allotment of 1,45,23,906 fully paid-up equity shares of face value of ₹ 10/- each, at a price of ₹ 688.52 per equity share aggregating to approx. ₹ 1,000 crore, on a preferential basis to HDFC Bank Limited, the promoter of the Company.

  • June 16, 2026 12:49

    Stock market live: AU Small Finance Bank and Motilal Oswal enhance 3-in-1 account with new fund-blocking feature for seamless trading

    AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in‑principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, and Motilal Oswal Financial Services (MOFSL), one of India’s leading diversified financial services groups, today jointly announced a significant enhancement to their 3‑in‑1 Account proposition. The upgrade introduces a new fund‑blocking feature designed to make trading more seamless, efficient, and financially rewarding for investors.

    A 3‑in‑1 account is an integrated banking solution that combines a savings account, a trading account, and a demat account into a single, seamless platform, allowing customers to manage their money, invest in shares, and hold securities without the need to move funds between different accounts.

  • June 16, 2026 12:26

    Commodities update: Aluminium futures fall on low demand

    Aluminium prices dropped marginally by Rs 4.25 to Rs 352.55 per kg in the futures trade on Tuesday as participants trimmed their positions amid a weak trend in spot markets.

    On the Multi Commodity Exchange, aluminium for delivery in June fell by Rs 4.25 or 1.19 per cent to Rs 352.55 per kg in 993 lots.

  • June 16, 2026 12:25

    Commodities update: Zinc futures ease on weak demand

    Zinc prices on Tuesday fell Rs 2.30 to Rs 367.60 per kg in futures trade as speculators reduced their exposure, tracking negative cues in the spot market.

    On the Multi Commodity Exchange, zinc contracts for June delivery slipped by Rs 2.30, or 0.62 per cent, to Rs 367.60 per kilogram in a business turnover of 285 lots. - PTI

  • June 16, 2026 12:25

    Commodities update: Silver futures decline to Rs 2.47 lakh/kg

    Silver prices on Tuesday fell by Rs 4,058 to Rs 2,47,400 per kilogram as participants reduced their bets.

    On the Multi Commodity Exchange, silver contracts for July delivery declined by Rs 4,058, or 1.61 per cent, to Rs 2,47,400 per kg in a business turnover of 1,790 lots.

    Analysts said a sell-off by participants mainly weighed on silver prices. - PTI

  • June 16, 2026 12:24

    Stock market live: Welspun USA starts commercial pillow production in Nevada; shares flat at Rs 145.55

    Welspun Living: Welspun USA Inc. has fully commenced commercial production at the pillow manufacturing unit in Nevada, USA, with effect from June 15, 2026 (date as per USA Pacific Time zone). 

    Shares flat at Rs 145.55 on the NSE.

  • June 16, 2026 12:23

    Commodities update: Gold futures drop to Rs 1,52,558/10g

    Gold prices on Tuesday dropped by Rs 358 to Rs 1,52,558 per 10 grams in futures trade amid a fall in spot demand.

    On the Multi Commodity Exchange, gold contracts for August delivery traded lower by Rs 358, or 0.23 per cent, at Rs 1,52,558 per 10 grams in a business turnover of 8,822 lots.

    Analysts attributed the fall in yellow metal prices to weak global cues. - PTI 

  • June 16, 2026 12:16

    Stock market live: Tembo Global Industries approves stock split in 1:10 ratio

    Tembo Global Industries Limited has informed the Exchange that the Board of Directors at its meeting held on Jun 16, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 10 equity shares of Re. 1 each.

  • June 16, 2026 12:14

    Share market live: Adani Ports expands Kaleris partnership to digitise 15 container terminals

    Adani Ports and Special Economic Zone Ltd. (APSEZ) has expanded its strategic partnership with Kaleris to enhance next-generation digital and automation capabilities across its ports and logistics network. Under the multi-year agreement, Kaleris will deploy terminal operating systems and AI-enabled optimisation solutions across 15 container terminals in nine ports, building on earlier phase rollouts. The initiative supports APSEZ’s 2030 goals, including USD 850 million in investments towards decarbonisation, technology upgrades, and a one-billion-tonne cargo handling ambition.

    The stock is trading at Rs 1,810.20, up 5.40 (0.30%).

  • June 16, 2026 12:09

    Share market live: Inox Wind signs 1,500 MW turbine supply MoU with Inox Clean Energy

    Inox Wind Limited (IWL) has signed a memorandum of understanding (MoU) with Inox Clean Energy to supply 1,500 MW of wind turbines for renewable energy projects across India. The agreement covers deployment of IWL’s advanced 3.3 MW and 4X MW turbine platforms and aligns with the INOXGFL Group’s integrated renewable energy strategy to strengthen collaboration across its value chain and support long-term growth visibility.

    The stock is trading at Rs 90.54, up 0.67 (0.75%).

  • June 16, 2026 12:06

    Stock market live: Turtlemint Fintech to launch ₹883-crore IPO on Jun 19

    Turtlemint Fintech to launch ₹883-crore IPO on Jun 19; sets price band at ₹144-152/share

    Insurtech firm Turtlemint Fintech Solutions will launch its initial public offering (IPO) worth up to ₹883 crore on June 19 seeking to raise fresh capital and provide an exit route to existing shareholders.

  • June 16, 2026 12:02

    Stock market live: Amir Chand Jagdish Kumar signs distribution deal with Al Tasnim Group for Aeroplane Rice in Oman

    Amir Chand Jagdish Kumar (Exports) informed that Al Tasnim Group, one of the leading food distribution companies in the Sultanate of Oman, will distribute Aeroplane Rice products in the Sultanate of Oman.

  • June 16, 2026 11:52

    Share market live: US Supreme Court rejects TCS appeal in the $168 million trade secret case

    US Supreme Court rejects TCS appeal in the $168 million trade secret case

    The company to set aside $70 million more after US Supreme Court declines review in CSC-DXC legal dispute

  • June 16, 2026 11:44

    Stock market live: RateGain partners with Duetto for real-time hotel revenue optimization; shares rise 2.6% to Rs 846

    RateGain and Duetto Partner to Power Autonomous, Real-Time Revenue Optimization for Hotels Worldwide

    Rategain shares up 2.6% to Rs 846 on the NSE.

  • June 16, 2026 11:36

    Stock market live updates: Motilal Oswal sees natural gas recovery accelerating on tighter inventories and higher LNG shipments

    Motilal Oswal Financial Services Ltd Sees Natural Gas Recovery Gathering Pace Amid Tightening Inventories and Higher LNG Shipments

  • June 16, 2026 11:35

    Stock market live: Highway Infra flat at Rs 48.59 after contract cancellation for Bhopal housing project

    Highway Infra received a communication from the Office of the HFA Cell, Nagar Palika Nigam, Bhopal, regarding cancellation of the contract for Construction of Houses and Development of Infrastructure for Affordable Housing in Bhopal under PMAY at Plot Nos. 47 and 49, Commercial-cum-Residential Building Plan, Bhopal, Madhya Pradesh. 

    Shares flat at Rs 48.59 on the NSE

  • June 16, 2026 11:32

    Share market live: HDFC Bank to hit dollar bond market under new subsidised scheme

    HDFC Bank to hit dollar bond market under new subsidised scheme

    Bank may raise over $500 million through a five-year dollar bond amid strong investor demand.

  • June 16, 2026 11:24

    Share market live: : Marine Electricals secures orders worth Rs 76.38 crore from STT Global Data Centres and Deepak Chem Tech

    Marine Electricals (India) Limited has received orders worth approximately Rs 76.38 crore, excluding taxes, from STT Global Data Centres India Private Limited and Deepak Chem Tech Limited. The orders involve the supply, installation, testing and commissioning of power distribution systems. The company said the deliveries are scheduled over a period of 12-18 months. Marine Electricals clarified that the orders do not involve related party transactions. 

    The company’s share is trading over 4% higher at Rs 256.60.

  • June 16, 2026 11:22

    Share market live: Grasim Industries inaugurates CPVC resin plant in Gujarat with Lubrizol collaboration

    Grasim Industries Limited has inaugurated the first phase of its CPVC (Chlorinated Polyvinyl Chloride) resin manufacturing plant at Vilayat, Gujarat, developed in collaboration with Lubrizol Manufacturing India Private Limited.

    The facility, planned with a capacity of around 50,000 metric tonnes per annum in Phase 1, forms part of the companies’ initiative to establish the world’s largest single-site state-of-the-art CPVC resin facility with a total planned capacity of 100,000 metric tonnes.

    The share price is trading weak, currently at Rs 3,156.30.

  • June 16, 2026 11:11

    Markets now: Stock market live: Sensex jumps 456 points, Nifty up 119 points in morning trade

    Sensex traded 455.60 pts or 0.60% higher at 76,719.93 at 10.58 am, and Nifty 50 increased by 118.85 pts or 0.50% to 23,972.75

  • June 16, 2026 11:00

    Markets trade in green

    Sensex traded 455.60 pts or 0.60% higher at 76,719.93 at 10.58 am, and Nifty 50 increased by 118.85 pts or 0.50% to 23,972.75

  • June 16, 2026 10:54

    Marine Electricals bags orders worth ₹76.38 crore

    Marine Electricals (India) has received orders amounting to total of Rs 76.38 crore

    Shares gained nearly 3% to Rs 253.05 on the NSE.

  • June 16, 2026 10:51

    Adani Enterprises and Jabil target alliance to build AI Data Center Infrastructure Platform in India

    Adani Enterprises rose 1.5% to Rs 2989.10 on the NSE.

  • June 16, 2026 10:49

    Aluminium futures: Outlook turns weak

    Aluminium futures: Outlook turns weak

    Aluminium futures are expected to decline to ₹330, with short-term fluctuations anticipated before resuming the downtrend.

  • June 16, 2026 10:48

    Devyani International shares up 3% on receiving NoCs from exchanges for the proposed merger

    Devyani International shares traded 3% higher at Rs 114.80, hitting a high of Rs 121.38; and Sapphire Foods increased over 4% to Rs 180.91, hitting a high of Rs 185.58 on receiving no-objection letters from stock exchanges for the proposed merger.

  • June 16, 2026 10:47

    GIC Re shares tumble 6% as govt launches OFS to divest up to 5% stake

    GIC Re shares tumble 6% as govt launches OFS to divest up to 5% stake

    Shares of General Insurance Corporation of India (GIC Re) fell over 6 per cent in early trade on Tuesday after the government’s offer for sale (OFS) to divest up to a 5 per cent stake in the state-owned reinsurer opened for investors.

  • June 16, 2026 10:44

    OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports

    OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports

    OpenAI's $34 billion spending in 2025 focuses on R&D and marketing ahead of its anticipated IPO, reports FT.

  • June 16, 2026 10:41

    Kamdhenu Paints begins manufacturing of indigenous Wood Coatings

    Kamdhenu Paints commences indigenous manufacturing of Wood Coatings under the Brand Name of KAMOLAC to ramp up product portfolio

  • June 16, 2026 10:40

    Stock in Focus: HCL Tech

    HCL Tech shares surged 3.5% to Rs 1,160.40 on the NSE. Company invested Rs. 1,427.3 cr in Axonwise Private Limited (Sarvam AI)

  • June 16, 2026 10:31

    Nifty Prediction Today – June 16, 2026: Nifty futures: No follow-through rally, yet the support holds

    Nifty Prediction Today – June 16, 2026: Nifty futures: No follow-through rally, yet the support holds

    Nifty futures (June) will retain bullish outlook until the support at 23,800 holds

  • June 16, 2026 10:27

    Stock market live: Madras Fertilizers flat at Rs 69.38 as ammonia and urea production halted for maintenance

    Madras Fertilizers stock flat on the NSE at Rs 69.38. Production of ammonia & urea halted and is expected to resume around June 23, 2026 after repairs and maintenance

  • June 16, 2026 10:27

    Debt market updates: 10-year benchmark G-Sec yield drops to 7% in May amid favourable regulatory shifts

    10-year benchmark G-Sec yield drops to 7% in May amid favourable regulatory shifts

    The 10-year G-Sec yield fell to 7% in May, influenced by regulatory changes and macroeconomic factors affecting the debt market.

  • June 16, 2026 10:22

    Stock market live: GIC Re shares fall 6% as government to sell up to 5% stake via OFS at discount

    General Insurance Corporation of India (GIC Re): Government of India plans OFS of up to 2% stake (3.51 cr shares) with option to sell additional 3% (total up to 5%) on June 16-17, 2026 to meet minimum public shareholding norms. Floor price fixed at 352/share (~9% discount to CMP) 

    Shares fell 6% to Rs 365.35 on the NSE.

  • June 16, 2026 10:21

    Stock market live: JTEKT India gets Rs 26 lakh tax demand notices for FY16-18; shares at Rs 133.83

    JTEKT India: Received 3 Notices of assessment and demand under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008, from Excise and Taxation officer-cum Assessing Authority Gurugram (Haryana). 

    Tax for the financial years 2015-16 to 2017-18 aggregating to Rs. 26 lakh.

    Shares traded at Rs 133.83 on the NSE

  • June 16, 2026 10:10

    Stock market live: Godavari Biorefineries surges 6% as Japanese patent granted for novel cancer treatment compound

    Godavari Biorefineries informed that the Japanese Patent Office granted patent, “5-HYDROXY1,4-NAPHTHALENEDIONE FOR USE IN THE TREATMENT OF CANCER” . 

    This patent covers a novel class of compounds that exhibit strong inhibitory effects on cancer and cancer stem cells, demonstrating significant efficacy against multiple types, including breast and prostate cancer. 

    Godavari Biorefineries zoomed over 6% to Rs 302.30 on the BSE.

  • June 16, 2026 10:06

    Dalal Street extends rally on softer crude: Sensex up 400 points, Nifty above 23,950; metal stocks lag

    Dalal Street extends rally on softer crude: Sensex up 400 points, Nifty above 23,950, metal stocks lag

    Dalal Street rallies as Sensex climbs 400 points, supported by falling crude prices and positive global cues, despite metal stocks lagging.

  • June 16, 2026 09:56

    Stock market live: Suven Life Sciences advances SUVN-I6107 to Phase-2 after positive Phase-1 results; shares trade at Rs 263.25

    Suven Life Sciences announces completion and topline results of First-in-Human (FIH) Phase-1 clinical study of SUVN-I6107, a Muscarinic M1 Positive Allosteric Modulator (M1-PAM) and its advancement into Phase-2 clinical development

    Shares traded at Rs 263.25 on the NSE

  • June 16, 2026 09:54

    Brent crude slips as markets await clarity on US-Iran peace deal

    Brent crude slips as markets await clarity on US-Iran peace deal

    Brent crude oil prices dip as markets await details on the US-Iran peace deal, with mixed trading results.

  • June 16, 2026 09:50

    Share market live: Manba Finance enters South India through partnership with Sreesastha

    Manba Finance Limited, a vehicle-financing NBFC, has announced its entry into the South Indian market through a strategic partnership with Sreesastha (Nammaloan).

    The collaboration marks a key step in Manba Finance’s national expansion strategy, with plans for a phased presence across all South Indian states. The company will begin operations in Karnataka, followed by Tamil Nadu within the current financial year.

    The partnership has identified more than 100 potential locations across South India, which will be activated gradually based on market readiness and operational priorities.

    The company’s shares are trading lower at Rs 122.06 on the NSE.

  • June 16, 2026 09:48

    Top losers of Nifty Metal Index: Vedanta Aluminium, Vedanta Oil & Gas, National Aluminium and Hindalco.

  • June 16, 2026 09:45

    Currency market updates: Rupee rises 5 paise to 94.53 against US dollar in early trade

    Rupee rises 5 paise to 94.53 against US dollar in early trade

    Rupee rises 5 paise to 94.53 against the US dollar amid falling oil prices and easing Middle East tensions.

  • June 16, 2026 09:43

    Global news: US factory production flat in May as AI investment supports manufacturing

    US manufacturing output unchanged in May amid tariffs, AI spending surge

    US factory production stayed flat in May as AI spending supported output, offsetting tariffs and energy shocks, while supply delays worsened in surveys.

  • June 16, 2026 09:37

    Commodities market live: Brent crude edges lower, WTI and MCX crude trade higher in early session

    Brent crude oil futures traded marginally lower on Tuesday morning as markets awaited clarity on the US-Iran peace deal. 

    At 9.35 am on Tuesday, August Brent oil futures were at $83.03, down by 0.17 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $80.82, UP by 0.09 per cent. June crude oil futures were trading at ₹7637 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹7618, up by 0.25 per cent, and July futures were trading at ₹7547 against the previous close of ₹7522, up by 0.33 per cent.

  • June 16, 2026 09:35

    Share market live: Affle acquires select AdColony assets from Digital Turbine to expand AI platform reach

    Affle MEA FZ LLC has entered into a definitive asset purchase agreement with Digital Turbine (NASDAQ: APPS) to acquire select strategic AdColony assets, including its Android and iOS SDK, technology platform, publisher integrations, brand name and related goodwill.

    The acquisition is aimed at strengthening Affle’s AI-powered Consumer Platform by expanding its SDK reach and mobile publisher connections globally.

    Affle said the move supports its 10X growth strategy by enhancing its technology stack, data capabilities and intellectual property portfolio to drive premium consumer conversions through its CPCU (Cost Per Converted User) model.

  • June 16, 2026 09:34

    Share market live: Kudankulam nuclear project advances as NPCIL completes key Unit-5 installation

    NPCIL achieves major milestone at Kudankulam Unit-5 nuclear project

    NPCIL installs the reactor pressure vessel at Kudankulam Unit-5, marking a key milestone in India’s nuclear power expansion and clean energy mission.

  • June 16, 2026 09:32

    Share market live: Suven Life Sciences completes Phase-1 trial of CNS drug candidate SUVN-I6107

    Suven Life Sciences has announced the successful completion of its Phase-1 first-in-human clinical study of SUVN-I6107, a novel muscarinic M1 positive allosteric modulator (M1-PAM) developed for Central Nervous System (CNS) disorders.

    The company said the study demonstrated favourable safety, tolerability, pharmacokinetic and pharmacodynamic profiles, supporting the advancement of SUVN-I6107 into Phase-2 clinical development.

    SUVN-I6107 is part of Suven’s pipeline of innovative therapies aimed at addressing unmet needs in CNS-related conditions.

  • June 16, 2026 09:28

    Stock market live: Kudankulam nuclear project advances as NPCIL completes key Unit-5 installation

  • June 16, 2026 09:21

    OPENING BELL: Stock market live: Sensex rises 254 points, Nifty up 70 points in early trade

    Sensex gained 253.56 pts or 0.33% to trade at 76,517.89 at 9.16 am after opening at 76,526.77 from the previous close of 76,264.33.

    Nifty 50 was up by 70.15 pts or 0.29% to 23,924.05.

  • June 16, 2026 09:17

    Stock market live: Bharti Airtel sets up new subsidiary Airtel Global IFSC in GIFT City

    Bharti Airtel incorporated a wholly-owned subsidiary in the name and style of “Airtel Global IFSC Limited” in Gujarat International Finance Tec-City (GIFT City), Gujarat, India,

  • June 16, 2026 09:17

    Stock market live: TCS to make $70 million additional provision after US Supreme Court denies DXC Tech petition

    TCS on DXC Tech litigation: United States Supreme Court has denied petition for a writ of certiorari to review the judgment of the United States Court of Appeals for the Fifth Circuit on June 15, 2026. The Company has already provided USD150 million in relation to this matter in the books of accounts in accordance with applicable accounting standards and will make necessary provision now for the incremental amount of USD70 million towards damages, interest and legal cost, as a one-time exceptional expense, in Q1 FY2027.

  • June 16, 2026 09:17

    Stock market live: Nifty500 Multicap 50:25:25 outperforms major indices with lower drawdowns

    While investor attention remains focused on the Nifty 50 and Nifty 500, the Nifty500 Multicap 50:25:25 TRI has quietly emerged as a standout performer, delivering superior returns with lower drawdowns. This analysis highlights how this underappreciated benchmark has outperformed major indices during recent market volatility and shows how the category has attracted steady inflows through funds such as the Bajaj Finserv Multicap Fund, despite being overshadowed by trendier equity categories.

  • June 16, 2026 09:16

    Stock market live: Oil India signs MoU with CSIR for collaborative research and technology development

    Oil India Limited Signs MoU with CSIR for Collaborative Research and Technology Development

  • June 16, 2026 09:16

    Stock market live: Arvind SmartSpaces launches new Rs 180 crore project in South Ahmedabad

    Arvind SmartSpaces adds new horizontal development project in Metal, South Ahmedabad with a top-line potential of ~Rs. 180 crore.

  • June 16, 2026 09:15

    Stock market live: Mini Diamonds secures Rs 16.25 crore order for natural diamonds

    Mini Diamonds (India) has secured a significant domestic order of Rs 16.25 Crore from a Mumbai based client for supply of cut and polished natural diamonds.

  • June 16, 2026 09:15

    Stock market live: Affle to acquire AdColony assets from Digital Turbine

    Affle announced that Affle MEA FZ LLC has entered into a definitive asset purchase agreement with DT (NASDAQ: APPS), formerly Digital Turbine, to acquire select strategic AdColony assets including the AdColony SDK for Android and iOS devices, tech platform, existing integration with in-app publishers and mediation platforms, the brand name, domain and the goodwill exclusively related to the assets.

  • June 16, 2026 09:13

    Commodities update: SGX mulls new coking coal and steel contracts

    Singapore Exchange plans to launch new coking coal and steel futures contracts, Tan Tee Yong, its head of ‌commodity derivatives, said on Monday, as the exchange looks to broaden ⁠its product offerings, reflecting trade flow changes. - Reuters

  • June 16, 2026 09:09

    Commodities market live: US oil reserve hits 43-year low as emergency releases continue during Iran conflict

    US Strategic Petroleum Reserve falls to lowest level since 1983 amid Iran war

    US Strategic Petroleum Reserve hits its lowest level since 1983 as emergency oil releases continue amid the Iran conflict and energy supply concerns.

  • June 16, 2026 09:08

    Debt market live: India bonds seen rangebound as focus shifts to US-Iran deal details

    India bonds seen rangebound as focus shifts to US-Iran deal details

    India's bond yields are expected to remain stable as markets await details on the US-Iran peace deal and state debt supply.

  • June 16, 2026 09:01

    Stock Market Live: Softer oil, stronger rupee lift sentiment

    Rajeev Sharan, Head of Research, Brickwork Ratings

    “Talks around a possible US-Iran deal have eased some of the tension in global markets, primarily by lowering the risk premium in crude oil. Brent and WTI have already fallen sharply on hopes of a durable agreement, while global equities have gained on expectations of lower energy costs and improved risk appetite. The rupee has also strengthened modestly, helped by foreign inflows into government bonds after the RBI’s recent measures improved liquidity and investor sentiment. Indian equities have responded positively as softer oil eases pressure on inflation and the external balance, though investors are still cautious about global developments. If diplomatic progress continues, India could benefit from a steadier currency, lower energy import costs, and stronger bond flows, even as the situation remains vulnerable to renewed geopolitical tensions.”

  • June 16, 2026 08:59

    Corporate actions: General Insurance Corporation of India Ltd (GICRE)- Offer for Sale

    Issue Period:- 16- June-26 to 17- June-26

    For Non- Retail ( QIB +HNI ) open & close date - 16- June -26 (Today) 

    For Retail open & close date – 17- June -26

    Floor Price: Rs. “352.00”

    Closing Price on date of announcement: Rs 387.25\u0009

    Current Market Price: Rs 385.25

    Base Issue size: 3.51 Crs Shares – 2.00% of O/S Capital 

    Green Shoe Issue size: 5.26 Crs Shares – 3.00% of O/S Capital

    Total Issue Size: 8.77 Crs equity shares (Rs. 3,087.74 Cr) – 5.00% of O/s Capital

    Non-Retail Portion (QIB + HNI) - 90% of Offer Size - Bidding on 16- June -26 (Today) 

    Total Issue Size: 7.89 Crs shares (Rs. 2,778.97 Cr)

    Retail Portion - 10% of Offer Size - Bidding on 17- June -26

    Total Issue Size: 0.88 Crs equity shares (Rs. 308.77 Cr)

    Note : Upto Rs 2 lacs bids are classified as Retail and above non retail ( QIB + HNI )

  • June 16, 2026 08:59

    Share market live: Cyient Ltd : Buyback of shares_Record date tomorrow 

    Buyback Price : Rs 1,125.00/-

    CMP : Rs 900.00/-

    Buyback Size (in Rs) : 720.00 Crore

    Buyback Size (in Shares) : 64,00,000 equity shares(representing 5.76% of total paid up Equity Share Capital)

    Tender Route

    Retail Quota: 9,60,000 equity shares

    Last cum date: Tuesday, 16 June 2026 (Today)

    Record date: Wednesday, 17 June 2026

  • June 16, 2026 08:58

    Share market live: These 12 Stocks Closed at Fresh All-Time Highs on June 15

    💥Paras Defence 

    💥Apar Industries 

    💥SJS Enterprises 

    💥Sudeep Pharma 

    💥Venus Remedies 

    💥Belrise Industries 

    💥Aeroflex Industries 

    💥Kernex Microsystems

    💥Garware Hi-tech Films 

    💥Adity Birla Sun Life AMC 

    💥Syrma SGS Technologies 

    💥Diamond Power Infrastructure 

  • June 16, 2026 08:55

    Stock Market Live: J.P. Morgan raises L&T target as West Asia deal lifts outlook

    J.P. Morgan

    Larsen & Toubro Ltd – Overweight: Middle-East Deal Removes Tail Risk; Increasing PT To Rs5060 (from 4570)

  • June 16, 2026 08:54

    Stock Market Live: Equity markets surge as crude prices fall and rupee strengthens

    Ankur Punj, MD & Business Head at Equirus Wealth

    Equity markets worldover, including India, received a major boost amid talks of a likely end to the US and Iran conflict which culminated in a further drop in international crude oil prices. Local investors cheered the sharp fall in crude prices and the rupee’s recovery against the dollar resulting in renewed optimism in equity assets. Investors are hoping that FIIs will soon return to India’s equity markets amid positive signals of a likely end to the war and receding oil prices.

  • June 16, 2026 08:49

    Share market live: TCS to make additional $70 million provision in DXC Technology case

    Tata Consultancy Services (TCS) has informed the stock exchanges that the United States Supreme Court has denied its petition seeking review of a judgment related to a suit filed by Computer Sciences Corporation/DXC Technology Company.

    The company said it will make an additional provision of $70 million towards damages, interest and legal costs as a one-time exceptional expense in the first quarter of FY2027.

    TCS had earlier provided $150 million in its books of accounts for the matter in accordance with applicable accounting standards. The disclosure follows the Supreme Court’s decision on June 15, 2026, regarding the judgment of the US Court of Appeals for the Fifth Circuit.

  • June 16, 2026 08:41

    India hikes windfall tax on diesel and ATF exports, petrol levy unchanged

    India hikes windfall tax on diesel and ATF exports, petrol levy unchanged

    India raises windfall tax on diesel and ATF exports from June 16, while petrol levy stays unchanged, aiming to ensure fuel availability amid global tensions.

  • June 16, 2026 08:40

    WATCH: Today's stock recommendation

  • June 16, 2026 08:38

    Stock market live: India and Slovakia strengthen defence, cybersecurity and connectivity cooperation

    India and Slovakia strengthen defence and cybersecurity cooperation

    India and Slovakia expand strategic ties with defence, cybersecurity and connectivity cooperation, including a pact for joint defence development.

  • June 16, 2026 08:31

    Share market live today: India, Slovakia deepen ties with agreements on jobs, education and technology

    India and Slovakia sign MoUs on education, research and talent mobility

    India and Slovakia sign MoUs on labour mobility, higher education, research and culture to strengthen professional exchanges and bilateral cooperation.

  • June 16, 2026 08:26

    Share market updates: Ashok Leyland signs MoU for old truck and bus replacement scheme in Delhi-NCR, offers 8% discount

    Ashok Leyland signs MoU for Delhi-NCR truck and bus replacement scheme, to offer 8% discount

    Ashok Leyland and Switch Mobility offer 8% discount under Delhi-NCR truck replacement scheme with govt incentives to boost clean mobility adoption.

  • June 16, 2026 08:24

    Share market live: Oil India signs MoU with CSIR to boost energy research and innovation

    Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to strengthen collaboration in research, innovation and technology development in the energy sector.

    The partnership aims to develop advanced solutions across upstream and downstream oil and gas operations, hydrocarbon reservoir optimisation, enhanced oil recovery (EOR), renewable energy, sustainable energy practices and critical minerals.

  • June 16, 2026 08:23

    Corporate News: Arvind SmartSpaces adds ₹180 crore residential project in South Ahmedabad

    Arvind SmartSpaces Limited (ASL) has announced a new residential horizontal development project on Kerala-Nalsarovar Road in South Ahmedabad. The Joint Development project is spread across 58.25 acres with a saleable area of 2.5 million sq. ft. and an estimated top-line potential of around ₹180 crore.

    The company said South Ahmedabad has emerged as a promising micro-market for plotted developments and weekend homes, supported by rising demand and improving infrastructure connectivity.

  • June 16, 2026 08:08

    US Supreme Court rejects TCS appeal in $168 million trade secrets case

    US Supreme Court rejects Tata Consultancy Services appeal in $168 million trade secrets case

    US Supreme Court declines TCS appeal in $168 million DXC trade secrets case over life-insurance software dispute, upholding lower court ruling.

  • June 16, 2026 08:08

    Technical pointers for today’s trade

  • * Trend: Nifty 50 continues to trade with a positive bias after opening higher at 23,924. The index is holding above the previous close of 23,854, indicating sustained buying interest.
  • * Key support levels: 23,880–23,800 remains the crucial support zone. As long as Nifty holds above 23,800, the broader recovery trend is likely to remain intact.

  • * Immediate resistance: 24,000 is the immediate hurdle for Nifty futures. A decisive breakout above this level could open the way towards 24,150, followed by 24,500.

    * Market breadth:The advance/decline ratio at 29:21 reflects a positive undertone, with most sectors trading in the green.

    * Sectoral trend: IT and media stocks are leading the gains, while metal stocks remain under pressure. Sustained participation across sectors could support the index.

    * Trading view: Dips towards 23,900–23,880 may attract buyers, while a move below 23,800 could weaken momentum and trigger further downside.

    * Nifty futures setup: Positive bias remains intact above 23,800. Traders may watch for a breakout above 24,000 for the next leg of momentum.

  • June 16, 2026 07:57

    Commodities insight: Iran war: Just an energy shock or a turning point for global markets?

    Iran war: Just an energy shock or a turning point for global markets?

    The Iran conflict disrupted oil and LNG supplies, but it may also accelerate EV adoption, renewable energy growth and changes in global fuel demand.

  • June 16, 2026 07:43

    Commodities update: India’s silver imports plunge 87% in May after curbs on shipments

    India’s silver imports plunge 87% in May after government curbs

    India’s silver imports fell 87% in May to a 3-year low after curbs and duty hikes, hitting volumes and potentially impacting global silver prices.

  • June 16, 2026 07:31

    Global market updates: South Korean shares extend gains on US-Iran deal

    South Korean shares extended gains on Tuesday, tracking an overnight rally on ⁠Wall Street on the U.S.-Iran peace deal.

    The benchmark KOSPI was up 64.66 points, or 0.76%, at 8,610.64, ‌as of 0120 GMT, after rising more than 2% earlier in the session. On ‌Monday, it climbed 5.2%. - Reuters

  • June 16, 2026 07:31

    AI memory boom pushes up costs for India’s electric vehicle industry

    AI memory price surge raises costs for India’s electric vehicle industry

    AI-driven memory demand is pushing up RAM and semiconductor costs, creating fresh supply chain challenges for India’s electric vehicle manufacturers.

  • June 16, 2026 07:29

    Sectoral updates: AI memory boom pushes up costs for India’s electric vehicle industry

  • June 16, 2026 07:25

    Stock market live: Armenia to procure oncology drugs from India under national healthcare scheme

    Armenia healthcare scheme opens oncology drug export opportunities for Indian pharma companies

    Armenia’s universal healthcare scheme opens new export opportunities for Indian pharma firms, especially oncology drug makers, with government support.

  • June 16, 2026 07:24

    Share market updates: Siemens secures order from Titagarh Rail Systems for Pune Metro extension project

    Siemens secures supply order from Titagarh Rail Systems for Pune Metro extension project

    Siemens wins order from Titagarh Rail Systems to supply propulsion and TCMS systems for 12 trainsets in Pune Metro extension project, boosting indigenisation.

  • June 16, 2026 07:24

    Share market updates: IndiGo tweaks business class offering to lure flyers

    IndiGo tweaks business class offering to lure flyers

    IndiGo enhances its business class, 'Indigo Stretch,' with priority baggage and improved meals to attract more travelers.

  • June 16, 2026 07:17

    Global updates: Bank of Japan set to raise rates to 31-year high, signals further increases

    Bank of Japan set to raise interest rates to 31-year high amid inflation risks

    Bank of Japan is expected to raise rates to 1% as inflation, weak yen and energy costs push the central bank towards tighter monetary policy.

  • June 16, 2026 07:10

    Commodities update: Oil rebounds on concerns about US-Iran peace deal, restoration of supply

    Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the resumption of ‌supply through the key Strait of Hormuz may take longer than thought.

    Brent crude futures gained 26 cents, ⁠or 0.3%, to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel, up 46 cents, or 0.3%, as of 0108 ‌GMT. 

    On Monday, oil prices fell by nearly 5% to their lowest close since March 4 after U.S. ‌President Donald Trump said a memorandum of understanding was signed ‌to ⁠end the U.S.-Israeli war with Iran, which had closed ⁠the Strait of Hormuz that typically carried one-fifth of the world’s oil supply before the conflict and caused about 14 million barrels per day of output to be shut in. - Reuters

  • June 16, 2026 07:09

    Global market updates: Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide

    * Indexes up: Dow 0.92%, S&P 500 1.65%, Nasdaq 3.07%

    * Nasdaq marks biggest gain since late March

    * Chip sector outperforms with 5.5% rally

    * Fox stumbles after $22 billion deal for Roku

    * CBOE Volatility Index falls to over one-week low

    - Reuters

  • June 16, 2026 07:08

    Commodities update: Gold steady as investors await details of US-Iran peace deal

    Gold prices were largely steady on Tuesday after rising to a more than one-week high in the previous session, as investors awaited further details on ‌the U.S.-Iran peace deal. 

    * Spot gold was up 0.1% at $4,311.36 per ounce, as of 0049 GMT, ⁠after rising over 2% on Monday to hit its highest level since June 5 - Reuters

  • June 16, 2026 07:07

    Iran war latest: US-Iran deal signed, text to be released after Friday signing: Trump

    US-Iran deal signed, text to be released after Friday signing, says Trump

    Trump says Iran deal is signed and Strait of Hormuz will reopen soon, with text release expected after Friday signing and sanctions tied to Iran’s actions.

  • June 16, 2026 06:52

    Day Trading Guide for June 16, 2026: Intraday supports, resistances for Nifty50 stocks

    Day Trading Guide for June 12, 2026: Intraday supports, resistances for Nifty50 stocks

    Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.

  • June 16, 2026 06:47

    Natural gas futures: Support under test

    Natural gas futures: Support under test

    Traders can go short on a breach of ₹286

  • June 16, 2026 06:41

    Stock to buy today: Elecon Engineering Company (₹559.90) – BUY

    Stock to buy today: Elecon Engineering Company (₹559.90) – BUY

    Short-term supports are at ₹545 and ₹520. Elecon Engineering Company share price can rise to ₹625 in the coming weeks

Published on June 16, 2026

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