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ensex Today, Nifty 50 | Stock Market Highlights - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22nd June 2026.
Stock markets rebounded on Monday, with benchmark indices ending higher amid easing crude oil prices and supportive global cues following hopes of progress in US–Iran diplomatic talks.
The BSE Sensex rose 291.17 points, or 0.38 per cent, to close at 77,094.07, after touching an intraday high of 77,325.56. The NSE Nifty gained 89.80 points, or 0.37 per cent, to settle at 24,102.90.
Buying in blue-chip stocks such as Reliance Industries and HDFC Bank, along with fresh foreign fund inflows, supported the recovery. Tech Mahindra, Sun Pharma, Infosys and Bharat Electronics were among the top gainers, while Asian Paints and Titan lagged.
Brent crude slipped 1.66 per cent to USD 79.23 per barrel, while FIIs bought equities worth Rs 4,859.07 crore.
The rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar, weighed down by the strength of the American currency in the overseas market.
Asian markets closed mostly higher, though Hong Kong ended lower, while European markets were mixed and US markets were shut for a holiday. Overall sentiment remained cautiously optimistic amid ongoing diplomatic negotiations.
Top trading highlights of today's trade
- June 22, 2026 16:26
The live blog is now closed.
- June 22, 2026 16:15
Share market live: IPO-bound Laxyo expands operations in Africa; bags ₹200-crore order in Zambia
IPO-bound Laxyo expands operations in Africa; bags ₹200-crore order in Zambia
Laxyo Ltd expands into Africa with a ₹200-crore contract in Zambia, marking its first overseas raise-boring project.
- June 22, 2026 16:12
Share market live: Titan Company redeemed the Commercial Papers of ₹400 crore
- June 22, 2026 15:53
Stock market live: Bajaj Auto board approves buyback of shares worth ₹5,633 crore at ₹12,000 each
Bajaj Auto’s board board passed resolution for buyback of up to 46.94 lakh fully paid-up equity shares at ₹12,000 per share, aggregating up to ₹5,632.8 crore (excluding transaction costs).
- June 22, 2026 15:42
closing bell: Stock market live: Sensex ends 291 pts higher, Nifty tops 24,100; most sectoral indices gain
BSE Sensex ended 291.17 pts or 0.38% higher at 77,094.07 after crossing 77,300 mark intraday, and Nifty 50 inched 89.80 pts higher or 0.37% to 24,102.90. Sectorally, all indices except FMCG and consumer durables ended in the positive range.
- June 22, 2026 15:40
Stock market live: Fox Petroleum to invest $50 million in Danube Industries
Fox Petroleum Group has announced a proposed investment of USD 50 million in Ahmedabad-based Danube Industries Limited as part of a strategic partnership aimed at supporting the company’s expansion, technology development and business growth plans.
- June 22, 2026 15:40
Stock market live: Stanley Lifestyles opens Prerana Auditorium at Rotary Bangalore Vidyalaya
Stanley Lifestyles Enhances Learning Infrastructure with New ‘Prerana Auditorium’ at Rotary Bangalore Vidyalaya.
- June 22, 2026 15:32
JAPAN: INTERVENTION WARNING AGAIN AS JPY WEAKENS TO DECADES LOW
Magdalene Teo, Fixed Income Analyst Asia, Julius Baer
JGB yields continue to move higher as foreign investors see the compensation for JGBs to be inadequate and now demand higher term premia, especially towards longer tenors. Yields are higher despite an earlier reopening of the Strait of Hormuz, which could lower term premia for JGBs as the government may not need to utilise the full extra budget designed to cushion the effects of higher energy prices. The JPY traded close to a four decade low and will continue to be used as a carry currency if the yield differential between USTs and JGBs is set to increase. The market has priced in a rate hike by the Fed in September this year, while swaps show a 92% chance of a rate hike by the BoJ in December.
- June 22, 2026 15:30
SBM Bank India Revises FCNR Deposit Rates, Offers Up to 7.1% on USD Deposits
SBM Bank India announced revised interest rates on its Foreign Currency Non-Resident (FCNR) deposits, offering up to 7.1% per annum on USD-denominated FCNR deposits for tenures ranging from three to five years, effective 11 June 2026.
FCNR deposits enable Non-Resident Indians (NRIs) to maintain deposits in designated foreign currencies while protecting their savings from INR exchange-rate fluctuations. The product also allows full repatriation of principal and interest, subject to applicable regulations.
SBM Bank India offers FCNR deposits in multiple currencies, including USD, GBP, EUR and JPY, with interest rates varying by currency and tenure.
- June 22, 2026 15:30
Indian MSMEs Accelerate Shift Towards AI and Digital Automation: India SME Forum
Indian micro, small and medium enterprises (MSMEs) are increasingly embracing technology-driven business models, with software automation, digital tools and artificial intelligence (AI) emerging as key drivers of competitiveness and productivity, according to a nationwide survey conducted by India SME Forum (ISF).
The survey, which covered over 18,900 manufacturing enterprises and 26,820 service-sector SMEs across the country, reveals a significant acceleration in the adoption of digital technologies, driven by rising market competition, compliance requirements, digital commerce opportunities and the growing need for operational efficiency.
“Indian MSMEs are steadily transitioning toward technology-driven business models. Digital and software automation is becoming essential for competitiveness, while AI and affordable hardware automation will define the next phase of MSME growth and productivity,” said Vinod Kumar, President, India SME Forum.
- June 22, 2026 15:28
Share market live: Shree Refrigerations Limited (SRL) Unveils Advanced Facility to Enhance Defence and Marine HVAC&R Manufacturing
Indian micro, small and medium enterprises (MSMEs) are increasingly embracing technology-driven business models, with software automation, digital tools and artificial intelligence (AI) emerging as key drivers of competitiveness and productivity, according to a nationwide survey conducted by India SME Forum (ISF).
The survey, which covered over 18,900 manufacturing enterprises and 26,820 service-sector SMEs across the country, reveals a significant acceleration in the adoption of digital technologies, driven by rising market competition, compliance requirements, digital commerce opportunities and the growing need for operational efficiency.
“Indian MSMEs are steadily transitioning toward technology-driven business models. Digital and software automation is becoming essential for competitiveness, while AI and affordable hardware automation will define the next phase of MSME growth and productivity,” said Vinod Kumar, President, India SME Forum.
- June 22, 2026 15:28
Stock market live: NSE cautions investors against illegal Telegram channel ‘Traders Insight’ offering stock tips and assured returns
NSE has issued a caution advisory for investors against a Telegram Channel named “Traders Insight” having link “https://t.me/Dabbaboxtradersinsite” is providing securities market tips, assured/guaranteed returns on investment in stock market and dabba/illegal trading services.
Investors are cautioned and advised not to subscribe to any scheme/product offered by any person/entity in the stock market as the same is prohibited by law. Exchange has provided a facility of “Know/Locate your Stock Broker” under the link “https://www.nseindia.com/invest/find-a-stock-broker” on its website, to check the details of the registered member and its Authorised Persons. It may also be noted that this person/entity is not registered either as a member or Authorised person of any registered member of the Exchange. A police complaint has been lodged in this regard.
- June 22, 2026 15:21
CSM Technologies Limited ’s Initial Public Offering to open on June 24
Price band fixed at ₹ 107 – ₹ 113 per equity share of face value of Rs 10 each (“Equity Shares”).
Bid/Issue will open on Wednesday, June 24, 2026, and close on Monday, June 29, 2026. The Anchor Investor Bidding Date shall be Tuesday, June 23, 2026.
Bids can be made for a minimum of 132 Equity Shares and in multiples of 132 Equity Shares thereafter.
The proceeds from the Fresh Issue will be utilised towards funding working capital requirements of the Company, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company, achieving inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes.
- June 22, 2026 15:20
NSE, BME collaborate to boost non-ferrous metal derivatives market ecosystem
NSE, BME collaborate to boost non-ferrous metal derivatives market ecosystem
NSE and BME collaborate to enhance India's non-ferrous metal derivatives market, focusing on product development and price risk management.
- June 22, 2026 15:20
Elevated resin prices to boost PVC pipe makers’ profitability this fiscal: Crisil Ratings
PVC pipe makers to see higher profitability as resin prices stay elevated
PVC pipe makers may see stronger profits this fiscal as elevated resin prices boost realisations, while demand recovery and costs remain key factors.
- June 22, 2026 15:12
Aditya Birla Sun Life AMC Ltd. (ABSL AMC) has announced the appointment of Mr. Hemen Bhatia as Head – Passives, ABSL AMC and Senior Management Personnel, effective June 23, 2026.
With over two decades of experience in the mutual fund industry and deep expertise in ETFs and passive investing, Mr. Bhatia will lead the strategy and growth of the company’s passive business, focusing on expanding ETF and index fund offerings, enhancing investor participation, and strengthening engagement across institutional and retail segments.
His appointment reinforces ABSL AMC’s commitment to capitalising on the growing momentum in passive investing in India.
- June 22, 2026 15:06
Stock Market live today: Market overview
About 2,667 stocks advanced, 1657 declined and 221 remained unchanged of all 4,545 stocks that were traded on the BSE. Nearly 206 stocks scaled to 52-week high, and 60 hit 52-week low. In addition, 278 stocks hit the upper circuit and 18 hit the lower circuit.
- June 22, 2026 15:06
Turtlemint IPO Day 2: 51% subscribed so far, QIB portion leads demand
Turtlemint IPO Day 2: subscribed 51% so far, QIB portion leads demand
The ₹883-crore public issue, which closes on June 23, received bids for 51% of the shares on offer, while non-institutional investors (NIIs) remained on the side lines
- June 22, 2026 15:02
Asian Energy wins ₹187.6-crore contract from Gujarat State Electricity Corpn, its first order outside Coal India
Asian Energy wins ₹187.6-crore contract from Gujarat State Electricity Corpn, its first order outside Coal India
Asian Energy secures a ₹187.6-crore contract from GSECL, marking its first major order outside Coal India.
- June 22, 2026 14:57
Danube Industries to get ₹472 crore investment from Fox Petroleum Group
Danube Industries to get ₹472 crore investment from Fox Petroleum Group
The collaboration will focus on opportunities across artificial intelligence, advanced manufacturing, IT-enabled services, infrastructure, energy technologies and international business development.
- June 22, 2026 14:47
Aditya Birla Sun Life AMC board approved the appointment of Hemen Bhatia as Head - Passives with effect from June 23, 2026.
Nikesh Gupta as Chief Operations Officer w.e.f August 1; and Parag Murudkar as Head - Marketing w.e.f July 1.
- June 22, 2026 14:30
Stocks in focus: Refex Industries
Refex Industries shares rose over 2% to Rs 345 on the NSE on securing an order from a Maharatna Company for Transportation of pond ash to NHAI road projects.
- June 22, 2026 14:26
Zepto banks on ‘Everyday Low Prices’ strategy to drive growth, improve unit economics
Zepto banks on ‘Everyday Low Prices’ strategy to drive growth, improve unit economics
Zepto is applying this principle to quick commerce through an operating model built around network densification, shorter delivery distances, higher throughput and lower cost per order
- June 22, 2026 14:19
Ambuja Cements, UK-based Leilac plan low-carbon cement projects in Gujarat
Ambuja Cements, UK-based Leilac plan low-carbon cement projects in Gujarat
Ambuja Cements and Leilac partner to develop low-carbon cement technology in Gujarat, aiming to reduce emissions and enhance sustainability.
- June 22, 2026 14:13
Platinum, palladium lose glitter, but may gain by the end of Q3
Platinum, palladium lose glitter, but may gain by the end of Q3
Platinum and palladium prices may return to levels above $2,000 an ounce (oz) and $1,500/oz, respectively, but if Iran war continues they may drop another 10%
- June 22, 2026 14:10
Stocks in focus: Asian Energy
Asian Energy Bags Rs 187.6 Crore Gujarat Power EPC Contract, Expands Beyond Coal India
Asian Energy shares surged 3% to Rs 378.50 on the NSE; Coal India traded flat at Rs 448.40.
- June 22, 2026 14:07
Market Aanlysis: Renisha Chainani, head of research at Augmont
Last week was defined by two main events: Kevin Warsh’s first FOMC meeting as Fed Chair. What markets had widely anticipated as a routine, status-quo hold turned into one of the most consequential policy communications in recent months — not because of what the Fed did, but because of what it signalled it might do next. The FOMC voted 12-0 to hold the federal funds rate at 3.50%–3.75%, but simultaneously stripped out prior language hinting at future rate cuts and delivered a strikingly compressed 130-word statement, down sharply from 341 words in the April release.
The updated dot plot told a decisively hawkish story. The median policymaker now expects rates to end 2026 higher than they are today — a direct reversal from March, when the median still implied a cut. Seventeen of 18 officials assessed inflation risks as skewed to the upside. Nine of the 18 voting participants projected at least one rate hike before year-end, with six projecting two 25-basis-point increases. Officials simultaneously raised their 2026 PCE inflation forecast to 3.6%, well above the 2.7% projected in March, citing energy price pressures stemming from the ongoing Middle East conflict. Chair Warsh declined to offer personal forward guidance — consistent with his longstanding scepticism of the practice — but the committee’s collective message was unambiguous: cuts are off the table for now, and a hike is a live possibility. Traders have taken note, with markets now pricing in nearly a 90% probability of a rate increase before year-end.
Second event was the geopolitical backdrop adding further complexity. A US–Iran interim ceasefire took effect on Thursday, June 19, following weeks of diplomatic uncertainty since US military operations commenced under Operation Epic Fury in late February 2026. The initial ceasefire eased crude oil prices and briefly lifted risk sentiment, prompting a partial unwinding of gold’s safe-haven war premium. However, sentiment reversed sharply over the weekend when Switzerland announced that the planned Geneva talks — intended to formalise a broader peace arrangement — would not go ahead. That late-week development reintroduced uncertainty, provided residual support for gold, and limited Friday’s downside, with markets already thinned by the US Juneteenth holiday. Since then, Iran has accused the US and Israel of violating the ceasefire terms and announced the reclosure of the Strait of Hormuz, citing continued Israeli strikes in Lebanon. President Trump simultaneously threatened fresh military action if Hezbollah continued attacks on Israel — reinforcing the fragility of the diplomatic process and keeping geopolitical risk premium firmly in play.
On the demand side, ETF flows — which had broadly recovered through April — came under renewed pressure as higher-for-longer rate expectations reasserted themselves. The WGC’s structural case for gold remains intact: geopolitical risk continues to anchor demand in 2026, and central bank purchases are projected at 700–900 tonnes for the full year. Near-term Western ETF flows, however, are likely to stay subdued until there is greater clarity on the Fed’s next move.
The People’s Bank of China has meaningfully accelerated its reported gold purchases — from roughly one tonne per month through February to five tonnes in March and eight tonnes in April — providing a consistent price floor on sharp dips. India’s gold ETF ecosystem, now comprising 26 funds, has registered 12 consecutive months of net inflows, and domestic retail demand remains a structural pillar despite price sensitivity at elevated MCX levels. Separately, the ceasefire and potential Strait of Hormuz normalisation, while a net negative for gold’s geopolitical premium, are easing India’s crude import bill — a development that supports the rupee and partially cushions MCX prices from dollar-denominated weakness over time.
Near-term COMEX support sits at $4100–$4050, with resistance at $4250; a clean break above that level opens the path toward $4350. In silver, prices found support at $63 last we The market enters this week with a cautious-to-recovery bias. The key catalyst is the May PCE print due June 25 — the Fed’s preferred inflation gauge. An upside surprise in core PCE would reinforce rate-hike bets and add further pressure on gold. A softer reading, conversely, could give bulls the opening they need for a short-covering rally.ek, near the $60–$61 support zone, with resistance at $67 and a potential extension toward $70 on a breakout.
- June 22, 2026 14:05
Stock Market live updates: Sensex climbed 401.03 pts or 0.52% to 77,203.93, and Nifty 50 increased by 112.95 pts or 0.47% to 24,126.05
- June 22, 2026 14:05
Stocks in focus: Texmaco Rail
Texmaco Rail surged 5% to Rs 114.64 on the NSE following receipt of letter(s) of award worth Rs. 11.65 Crore from Odisha Power Transmission Corporation.
- June 22, 2026 13:30
Stock in focus: Power Mech shares up 2% to ₹2,894.10
Power Mech shares up 2% to Rs 2,894.10 on the NSE. The company won an order worth Rs 1,009 cr from JSW Thermal Energy
- June 22, 2026 13:26
Stock market
Major stocks that hit 52-week high
- Polycab India
- AIA Engineering
- Inox India
- VA TECH
- Bharat Forge
- June 22, 2026 13:25
CPCL stocks up 2% on 'Navratna' status
Chennai Petroleum Corporation stock rose 2% to Rs 1,120.50 on the NSE on securing Navratna Status
- June 22, 2026 13:25
Touchwood Entertainment has incorporated subsidiary - “TOUCHTOWN VENTURES PRIVATE LIMITED”
- June 22, 2026 13:25
Chander Kant appointed as EVP & Head-Internal Audit of SBI Cards
SBI Cards approved the appointment of Chander Kant as EVP & Head-Internal Audit of the Company for a period of 3 years with effect from July 01, 2026
- June 22, 2026 13:24
PTC India Financial Services extends the tenure of Devesh Singh as Chief Risk Officer for two more years
PTC India Financial Services informed the extension of tenure of Devesh Singh as Chief Risk Officer for a further term of two years with effect from 26th June 2026
- June 22, 2026 13:12
Stock market
Nifty holds above 24,100 at midday; Pharma, IT lead gains as breadth stays strong
Nifty holds above 24,100 at midday; Pharma, IT lead gains as breadth stays strong
Markets held steady in mid-session trade on Monday, June 22, with the Sensex up 368.39 points or 0.48 per cent at 77,171.29 and the Nifty 50 gaining 108.65 points or 0.45 per cent to trade at 24,121.75 as of 12:57 pm.
- June 22, 2026 13:02
Markets at 1 pm
At 1:01 pm, Sensex was up 367.82 pts or 0.48% to 77,170.72, while Nifty was up 106.40 (0.44%) at 24,119.50
- June 22, 2026 12:49
Companies
Metro Brands appoints Atul Sinha as President
Metro Brands informed the appointment of Atul Sinha as President w.e.f. today.
- June 22, 2026 12:48
Stock market
Japan's Nikkei rises past 72,000 as AI euphoria persists
Japan’s Nikkei share gauge surged past the 72,000 mark for the first time on Monday, on continued euphoria over AI investment and some progress in the U.S.-Iran peace talks.
A joint statement by Qatar and Pakistan, mediators in the negotiations, said the U.S. and Iran agreed to a roadmap toward a final deal within 60 days.
The benchmark Nikkei 225 advanced 1.55% to close at 72,353.96, after touching an intraday record peak of 72,831.73. The broader Topix gained 1.24% to 4,095.05.
Japanese Prime Minister Sanae Takaichi’s administration plans to set a target of about 370 trillion yen ($2.29 trillion) in public and private investment in strategic sectors including AI and chips by 2040, the Nikkei reported on Friday. (Reuters)
- June 22, 2026 12:46
Dalmia Cement (Bharat) begins production at Chunar plant
Dalmia Bharat traded flat at ₹1,710.90 on the NSE. Its arm Dalmia Cement (Bharat) commenced commercial production at the recently acquired plant located at Chunar (Uttar Pradesh)
- June 22, 2026 12:30
Turtlemint Fintech Solutions IPO subscribed 49% on Day 2
Turtlemint Fintech Solutions IPO subscribed 49% so far on Day 2. QIBs: 0.73 times; NIIs: 0.03 times; Retail: 0.49 times
- June 22, 2026 12:19
Stock market
Nifty IT gains over 1% at 27,738.65
Nifty IT was up over 1% at 27,738.65, hitting a high of 27,856.40. Top gainers: Coforge, Tech Mahindra, Infosys, MphasiS and OFSS. Wipro shares dipped.
- June 22, 2026 12:08
Iris Clothings enters quick commerce; stock hits near 52-week high
Iris Clothings Limited, the Howrah-based kidswear maker, announced on Monday that it is entering the quick commerce segment, partnering with one of India’s dominant quick commerce platforms. Products will initially be available in Bengaluru and Hyderabad. Read more here
- June 22, 2026 12:05
Markets at 12 pm
At 12 noon, Sensex traded 388.33 pts or 0.51% positive at 77,191.23, and Nifty 50 was up 115.30 pts or 0.48% to 24,128.40.
- June 22, 2026 12:01
Kirloskar Oil Engines stock hits 52-week high; rallies 20% to ₹2389.90
Kirloskar Oil Engines stock rallied 20% to Rs 2389.90 on the NSE, its fresh 52-week high and upper circuit, on securing order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data center solutions.
- June 22, 2026 11:53
GRSE is now a 'Navratna'
Garden Reach Shipbuilders and Engineers (GRSE) Ltd was accorded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India.
GRSE shares surged 3% to Rs 2884.20 on the NSE.
- June 22, 2026 11:50
Maruti Suzuki to set up advanced manufacturing labs at 5 ITIs in Gujarat
Maruti Suzuki to set up advanced manufacturing labs at 5 ITIs in Gujarat
Car market leader Maruti Suzuki India Ltd on Monday said it will set up advanced manufacturing labs at five Industrial Training Institutes in Gujarat.
- June 22, 2026 11:47
Iris Clothings Enters Quick Commerce Space
Iris Clothings Enters Quick Commerce with one of India s Dominant Quick Commerce Players -Strengthening Omnichannel Reach and Customer Accessibility
Shares up 1% to Rs 40.40 on the NSE.
- June 22, 2026 11:47
Century Enka Signs PPA for 9.9 MW Wind-Solar Hybrid Project
Century Enka has entered into a Power Purchase Agreement with ABREL Century Energy, a Special Purpose Vehicle, for setting up a 9.9 MW wind-solar hybrid power plant for procurement of power under the captive consumption mechanism.
Shares up 2% to Rs 534.60 on the NSE.
- June 22, 2026 11:25
Tata Asset Management Launches Tata Multi-sector Passive FoF to Capture Evolving Sector Opportunities
Tata Asset Management today announced the launch of Tata Multi-sector Passive FoF, an open-ended fund of fund (FoF) scheme investing in units of passive equity mutual fund schemes across multiple sectors. The scheme seeks to generate long-term capital appreciation through active allocation to passive sector-oriented funds and ETFs.
The New Fund Offer (NFO) opens for subscription on June 22, 2026, and closes on July 6, 2026.
The equity markets have demonstrated that sector leadership is dynamic and is influenced by changing macroeconomic and global market cycles. Over different phases, sectors such as information technology, pharmaceuticals, PSU banks, infrastructure, realty, manufacturing and consumption have each emerged as market leaders. Identifying these shifts before opportunities are fully priced in remains a challenge for investors.
- June 22, 2026 11:21
Tata Capital slips 1.25% after last week’s NCD-fuelled rally
Tata Capital slips 1.25% after last week’s NCD-fuelled rally
Sell orders dominate trading following board’s ₹36,000 crore NCD plan
- June 22, 2026 11:17
Global banks drive India asset-backed securities sales to record
Global banks drive India asset-backed securities sales to record
Global banks boost India’s asset-backed securities sales to a record, increasing their share of total issuance to 35%.
- June 22, 2026 11:10
Waaree Energies board informed the resignation of Sanjeev Pushkarna, Chief Procurement Officer w.e.f June 19, 2026
- June 22, 2026 11:02
Stocks in Focus: Patanjali Foods
Patanjali Foods stock flat at Rs 422.05 on the NSE. Kannur District Food Safety Office (Kerala) restricted the sale of a specific batch of Patanjali Foods’ Sorghum (Jowar) Flour due to the presence of maximum limits of Chlorpyrifos pesticide residues.
- June 22, 2026 10:58
NSE and BME collaborate to advance India’s Non-Ferrous Metal Derivatives Market ecosystem
National Stock Exchange of India Limited (NSE) has signed a Memorandum of Understanding (MoU) with the Bharat Metal Exchange Ltd. (BME) (formerly known as Bombay Metal Exchange Ltd) to jointly promote the development, awareness, and adoption of non-ferrous metal derivatives in India. The MoU was signed by Mr. Sushil Kothari, President –BME, on behalf of BME.
BME carries a rich legacy of more than nine decades and has established a strong global network across the non- ferrous metals trade and industry ecosystem. The collaboration brings together NSE’s robust derivatives market infrastructure and BME’s longstanding expertise and deep engagement with India’s physical non-ferrous metals ecosystem. The partnership aims to strengthen market participation, enhance price risk management practices, and support the development of efficient hedging tools for stakeholders across the non-ferrous metals value chain.
- June 22, 2026 10:58
Stocks in Focus: Sun Pharmaceutical
Sun Pharmaceutical shares flat at Rs 1852.50 on the NSE, following the acquisition of 100% of Innovcare Lifesciences in an all-cash deal valued for ₹271 crore ($28.73 million)
- June 22, 2026 10:49
Stock Market live today: Top gainers of Nifty midcap 100
NHPC (+4.58%), Tata Communications (+3.66%), PB Fintech (+3.62%), IREDA (+2.78%), HUDCO (+2.56%)
Top losers: Dixon (-1.49%), Glenmark (-1.16%), BHEL (-1.04%), LG Electronics (-1%)
- June 22, 2026 10:42
Stocks in Focus: Som Distilleries & Breweries
Som Distilleries & Breweries stock fell nearly 5% to Rs 71.90 on the NSE. The Excise Department rejected FY27 licence for the Bhopal plant; the company is pursuing legal remedies to restore the manufacturing licence
- June 22, 2026 10:40
Flair Writing bags ₹20-crore orders for creative and houseware divisions
Flair Writing bags ₹20-crore orders for creative and houseware divisions
Flair Writing secures ₹20 crore orders, aiming for 38-40% revenue share from Creative and Houseware divisions by FY27.
- June 22, 2026 10:30
Stock Markets LIVE: K2 Infra bags ₹390.91 crore Telangana road contract
K2 Infra bags ₹390.91 crore Telangana road contract
The contract covers construction, upgradation, strengthening and maintenance of selected roads under the Panchayat Raj Engineering Department (PRED) in the Bhongir Circle
- June 22, 2026 10:29
Stock in Focus: Suven Life Sciences
Suven Life Sciences announced its participation in the BIO International Convention 2026 (BIO-2026), one of the world’s largest Biotechnology Partnering Conferences, taking place during June 22–25, 2026, in San Diego, USA
- June 22, 2026 10:26
Commodities
MCX Natural Gas Futures: Short-term uptrend resumes; go long
MCX Natural Gas Futures: Short-term uptrend resumes; go long
MCX Natural Gas Futures contract can go up to ₹328
- June 22, 2026 10:21
Forex
Rupee falls 15 paise to 94.48 against US dollar in early trade
Rupee falls 15 paise to 94.48 against US dollar in early trade
At the interbank foreign exchange market the rupee opened at 94.42, registering a decline of 9 paise from its previous close
- June 22, 2026 10:19
Stock in focus: Bharat Forge
Bharat Forge shares flat at Rs 2,054 on the NSE. The company signed a Rs 425 cr contract with the Defence Ministry to supply gas turbine generators to the Indian Navy
- June 22, 2026 10:15
PNC Infratech Forms New SPV for Highway Project
PNC Infratech received a Certificate of Incorporation for subsidiary company in name and style of ‘BARABANKI MUSTAFABAD HIGHWAY PRMTE LIMITED’ as a Special Purpose Vehicle (”SPV”).
Shares up 2% to Rs 229.96 on the NSE.
- June 22, 2026 10:12
Companies
Reliance Industries jump 3%: CLSA sees highest upside at ₹1,800, brokerages upbeat on Jio IPO, AI and new energy plans
Reliance Industries jump 3%: CLSA sees highest upside at ₹1,800, brokerages upbeat on Jio IPO, AI and new energy plans
Reliance Industries Ltd (RIL) shares surged nearly 3 per cent in early trade on Monday after the conglomerate outlined new growth initiatives at its annual general meeting (AGM), including the proposed initial public offering (IPO) of Jio, expansion of artificial intelligence (AI) capabilities and progress in its new energy business.
- June 22, 2026 10:05
Aavas Financiers denies reports on NHB refinance and loan classification issues
Aavas Financiers has noted news reports referring to alleged discrepancies in certain loan classifications, purported reversal of refinancing facilities by the National Housing Bank (“NHB”), and management changes at the Company linked to such purported reversal of refinancing. The Company strongly refutes the assertions and insinuations contained in the proposed report. The contents of the report are misleading, malicious, speculative and not an accurate characterisation of the Company’s engagement with NHB.
Shares were down 3% to Rs 1425 on the NSE.
- June 22, 2026 10:05
Expert View| Cryptocurrency | Vikram Subburaj, CEO, Giottus.com
Bitcoin traded near $64,400 on June 22. The cryptocurrency has recovered modestly from the weakness seen earlier this month. However, prices remain well below the levels needed to confirm a broader bullish reversal. Bitcoin has found support near the $60,000-$61,000 range. This area continues to attract buying interest. Even so, macroeconomic uncertainty remains a challenge. Institutional participation also continues to be relatively weak.
From a technical perspective, Bitcoin’s immediate support is seen around $63,200. Below that, the broader $60,000-$61,000 demand zone remains an important support area. This range has held throughout June. On the upside, resistance is concentrated between $64,700 and $65,000. A decisive breakout above this zone could improve market sentiment. It may also open the door for a move toward the $67,000-$68,000 region. Until then, price action is likely to remain range-bound and highly sensitive to macro developments.
Institutional flows continue to provide a mixed signal. U.S. spot Bitcoin ETFs recorded net outflows of approximately $82 million on June 17 and $91 million on June 18, according to Farside Investors data. Since June 21 fell on a weekend, no ETF trading activity was recorded. While outflows have slowed compared to earlier this month, institutional demand remains subdued. Inflows are still well below the strong levels seen during the first quarter of the year.
On-chain indicators present a more constructive picture. Recent data from Glassnode suggests long-term holders continue to absorb supply despite the market correction. Network activity has also improved, with transaction and address metrics showing signs of stabilization after several months of declining participation. Exchange-held Bitcoin balances remain near multi-year lows, indicating limited immediate sell-side pressure.
The macro backdrop remains the dominant driver for crypto assets. The U.S. Federal Reserve left interest rates unchanged at its latest meeting but maintained a cautious tone on inflation. Markets are closely watching several upcoming economic releases. These include the Personal Consumption Expenditures (PCE) inflation report, GDP revisions, durable goods orders, and labour market data. Investors are looking for clues about the future direction of monetary policy. The results could influence expectations around interest rates and broader market sentiment. Higher Treasury yields and a stronger U.S. dollar continue to constrain risk appetite across digital assets.
Among major altcoins, Ethereum traded near $1,740, BNB around $594, XRP near $1.14, Solana around $74 and Dogecoin near $0.084. Most large-cap tokens continue to follow Bitcoin’s direction, although Solana has shown relatively stronger short-term momentum compared to its peers.
Our advice: Bitcoin continues to defend an important support zone, but the market has yet to see a meaningful improvement in ETF demand or macro conditions. Investors should closely monitor the $63,200 support level and the $64,700-$65,000 resistance band. A sustained move beyond either range is likely to determine the next directional trend for the broader crypto market.
- June 22, 2026 10:04
Commodities
India likely won't export sugar for years as El Nino, ethanol squeeze supply
India likely won't export sugar for years as El Nino, ethanol squeeze supply
A prolonged absence by India from export markets would remove a key balancing supplier as weather risks and biofuel policies reshape global sugar trade flows
- June 22, 2026 10:02
Macro and Market update this morning
INR: Near-term risks fade; structural issues exist- Easing Middle East tensions and the announcement of policy measures by the RBI and the government to attract debt capital inflows have eased the stress on the Indian rupee. In our view, FY27 is likely to be a tale of two halves for the USIDNR: 1) appreciation bias – as current account pressures reduce and outlook for flows improves, expect INR to oscillate within 93-95 range, and 2) in H2FY27, rate hikes by the Fed (our revised expectation of 50bps hike in 2026E) could reinvigorate stress on EMFX including INR and this could keep appreciation strength capped. Even as current account funding risks for FY27E dissipate, we remain concerned about prospects of durable foreign capital flows in FY28 amid globally shrinking FDI pie, tightening monetary policy in the US and likely soft FPI equity flows into India amid concentration of tech flows into the US.
Key Developments from US-Iran Talks
* US-Iran talks in Switzerland remained underway despite reports that Iran’s delegation had left following President Trump’s threat of fresh strikes.
* US Vice President JD Vance held the first talks with Iranian officials under the ceasefire framework, although discussions excluded Iran’s nuclear programme.
* President Trump warned that the US could resume military action if negotiations fail and threatened to impose tolls on vessels transiting the Strait of Hormuz if a final deal is not reached within 60 days.
* Iran announced the renewed closure of the Strait of Hormuz, citing Washington’s failure to halt hostilities in Lebanon despite the interim peace agreement.
- June 22, 2026 10:02
Rating Agency View | Morgan Stanley
Morgan Stanley on India Strategy
India is entering a strong earnings cycle, with medium-term stock market returns
Find India’s structural premium to be justified
Believe the entrepreneurial focus on balance sheet will remain the secret sauce
Earnings could compound at >15% in the next five years
Sectors that seem to have these ingredients include:Financials, including lenders, insurers, asset managers, exchanges, depositories
Consumption, especially sub-sectors undergoing premiumization
Industrials: energy, defense, fertilizers, semiconductors and data centers
IT services could resurgent when world monetizes token spend
Morgan Stanley on India Steel Sector
Hot-rolled coil (HRC) flat at ₹58,000/tonne; up 26% since mid-December lows
Secondary rebar prices rose ~1% to ₹46,000/tonne
HRC trades at ~5% discount to import parity (with safeguard duty)
China coking coal down ~2% to ~USD 100/tonne
Expanded ~1% this week; up 27% since mid-December, but 11% below April peak
Import volumes rose in April–May; no material restocking due to strong demand
Seasonal monsoon weakness likely to pressure stocks
Constructive on spreads via government support, demand balance, and China policy
- June 22, 2026 10:01
Nifty Prediction Today – June 22, 2026: Nifty 50 Futures: Can rise more. Go long
Nifty Prediction Today – June 22, 2026: Nifty 50 Futures: Can rise more. Go long
Nifty 50 outlook is positive, with potential rise to 24,300; strategies for long positions and key support levels included.
- June 22, 2026 10:00
Stock in focus: Amber
CLSA on Amber Ent
O-P, TP Rs 8100
In conference call post-Oppo transaction, Amber indicated smartphone production volume of 8-9m/14-15m volume for FY28/29 & 1.5%-2% Ebitda margin initially till benefits of backward integration kick in
Calculate an EPS impact of 15%/21% in FY28/29
Believe much higher value accretion will happen as value addition increases over medium term
With entry into a new ROCE accretive category, see this as a rerating event for Amber but for incumbents like Dixon it could indicate higher competitive intensity.
Kotak Securities on Amber
Recommendation: Accumulate, Target: ₹8,710, Earlier Target: ₹8,150
Strategic diversification into smartphone segment
Mobile PLI 2.0 and Component PLI key triggers for Mobile EMS manufacturers
Scaling volumes in line with guidance
Backward integration into components will be key long-term triggers
Revise FY28/29 estimates by 8%/15%
JPMorgan on Amber
Recommendation: Neutral, Target: ₹7,650
Partnership structure - sublease arrangement hence minimal capex
Economics of mobile manufacturing - low margins, high ROCE
Strategy is to eventually get into component manufacturing
- June 22, 2026 09:59
GS on Auto Sector
Eicher Motors – Maintain Buy; Hike TP to Rs 9100 from Rs 8400
M&M – Maintain Buy; Cut TP to Rs 3650 from Rs 4000
During periods of cooling fuel prices, demand came back fastest in scooters, entry level cars, premium motorcycles and premium hatchbacks
Highlight TVS Motor, Eicher Motors and Maruti Suzuki as best-positioned to see an added leg of volume growth
Rainfall across India has been 38% below the long-term average
Last time the monsoon was this deficient, M&M saw Tractor volume decline of 7% that year
M&M guidance is for mid-teens growth given for FY27
- June 22, 2026 09:58
CLSA on L&T
O-P, TP Rs 4842
Call with head of DC & EMS for a discussion on its new growth engines, including its data centres, own-IP electronics manufacturing, COBOTS and fabless semiconductor chips, HVDC system fabrication yards for offshore wind, the green hydrogen ecosystem, nuclear scale-up and Make-in-India defence products.
L&T intends to incubate these businesses with US$4bn of capex over FY26-31
It has already achieved initial success, including building teams of over 400 semiconductor design engineers in India and abroad, securing its first client win for EV electronics, signing a deal with ITOCHU for the supply of green ammonia and progressing from co-location to sovereign cloud to an AI factory with NVIDIA
Key differentiators of L&T’s strategy that could yield the next multi-billion-US$ businesses are large addressable markets, IP-led growth, high-margin product focus and globally competitive businesses
- June 22, 2026 09:58
Pharma stocks in focus
HSBC on Aurobindo Pharma
Buy, TP Rs 1580
Closure of Lannett deal set to help Aurobindo inch towards USD2bn US sales mark in FY27 (from USD1.6bn in FY26)
Execution of Lannett’s complex generics portfolio and better capacity utilisation key to deliver deal synergies
From Lannett’s portfolio, US launch of gAdvair inhaler will be a key catalyst
At CMP, Aurobindo is trading at 16.6x FY28e EPS (3% discount to 3-year average & 25% discount vs peers)
Nomura on Dr Reddy
Maintain Buy; Hike TP to Rs 1740 from Rs 1600
Dr Reddy’s has sharpened its focus on branded generics & consumer business, a shift reflected in acquisitions, organic investments, & recent changes to management council.
Over past five years, unbranded generics have accounted for less than 10% of acquisition value
Co has expanded its front-end commercial footprint, which est. adds annual expenses of 4–5% of sales
Strategic pivot for its branded business is further evident in recent changes in management council with MV Ramana’s expanded role (he previously headed branded generics), induction of India head into management council, & redesignation of EU head as Head of Consumer Business
Revenue mix change should support sustainable earnings growth &, in turn, drive a re-rating of stock’s valuation multiple
Citi on Cipla
Rating: Maintained BUY; Target Price: ₹1,700
Initiated 90-day “Positive Catalyst Watch.
Approvals like gFlovent (Goa facility) and the upcoming gVentolin launch are key near-term triggers
Nintedanib market share is nearing 50% in the US
Indore plant re-inspection and potential USFDA clearance are viewed as significant upside catalysts
Operations remain steady, led by a recovery in the respiratory portfolio; India contributes ~two-thirds of EBITDA
Stock trades at 25x FY27E and 21x FY28E earnings
Citi views the current valuation as attractive, offering better domestic exposure than richly valued peers
- June 22, 2026 09:57
Jefferies on CONCOR
Buy, TP Rs 600
Since Jun-24, Concor underperformed NIFTY by 50% due to weak industry growth /execution and, divestment plans losing momentum
Stock trades at -1SD on valuation and doesn’t factor in any potential benefits from Western Dedicated Freight Corridor (WDFC) connectivity to JNPT.
Jun-26Q is expected to be weak, given a 5% YoY decline in Industry volume growth to date, but believe Concor is also a play on potential easing of Middle East (ME) tensions.
- June 22, 2026 09:57
Market View | MOSL on Delhivery
Buy, TP Rs 580
CO’s Express segment recorded a robust 73% YoY volume growth in 4QFY26 (including the Ecom Express acquisition), despite a challenging operating environment arising from West Asia crisis & typical moderation witnessed post festive-led 3Q season
Strong growth was driven by healthy consumption-led demand, increased outsourcing by customers, and sustained momentum from large e-commerce players.
Margins remained robust, driven by strong volumes and tight cost control.
PTL business is also witnessing a structural turnaround, with service EBITDA margins expanding sharply from -8.5% in 1QFY24 to 13.4% in 4QFY26
Improvement was driven by a favorable shift in the customer mix toward higher-yielding SME and retail customers, rationalization of low-profit contracts, and expansion of the sales team to strengthen customer acquisition and pricing discipline, resulting in yield expansion
- June 22, 2026 09:56
OMCs in focus
Kotak Inst Eqt on OMCs
OMCs’ fortunes have reversed after the March-May squeeze.
Auto fuel price hikes lifted the breakeven to ~US$102-105/bbl, which was still inadequate then.
However, with >30% correction in crude, super-normal integrated margins are back.
Some rollback (through excise hike) is likely, but the full reversal of Rs17.5/liter (excise cut + price hikes) appears unlikely.
Breakeven is likely to settle at higher US$85-90/bbl (pre-war US$75-80/bbl)
Do not expect OMCs to report losses in FY2027E.
At US$75/bbl, strong earnings in FY2028/29E are likely to create a buffer and fund likely new capex on storage creation.
Upgrade BPCL – TP Rs 320, HPCL – TP Rs 400 & IOC – TP Rs 150 to REDUCE (from SELL)
JPM on OMCs
Est. for OMC composite margins on petrol and diesel are now higher than pre-war levels
Losses on LPG are still elevated, but should also start to track oil down soon.
Earnings for 1QFY27 will likely be hurt by large inventory losses, but 2Q profitability should be better
Two issues limit excitement around this improvement in margins:
1) OMC will have acquired material debt during the last few months - affecting valuations
2) a major part of the restoration of profitability is on account of the reduction in excise duties.
It is possible that the govt. keeps taxes low for some time - permitting debt repayment at the OMC
Risk of an eventual increase in excise duties remains
Forming a FY28 margin view is consequently difficult.
HPCL/BPCL and IOCL are likely to remain more near-term tactical plays, moving up as (if) oil prices ease further. Prefer BPCL/IOCL.
- June 22, 2026 09:55
Stock in focus: RIL
CLSA on RIL
O-P, TP Rs 1800
AGM takeaways
Revealed AI as a core tool used by company across its businesses
Co will commission its first compute capacity by the end of 2026
AGM showcased a variety of Reliance’s AI solutions for customers across its businesses.
A foray into underground coal gasification along with multi-sector exports were revealed as new areas of growth, & a target to double Ebitda in next five years was announced
TP does not assign any value to Reliance’s AI, FMCG, media, new materials or export plans.
Nomura on RIL
Buy, TP Rs 1640
AGM takeaways
Jio IPO is live: Jio Platforms’ board approved DRHP, filed with SEBI same day. Listing likely by end-2026; valuation band: $117-127bn, as per media reports
AI a new growth engine: Reliance Intelligence moves from plan to execution, with Jamnagar sovereign AI hub targeting first 120MW by end-FY26E
New Energy turns on: Solar cells and modules already commissioned, first phase of 40GWh battery gigafactory to be commissioned this year
New Energy to report first revenue from FY27E
$3bn green energy supply agreement with Samsung C&T supports ambitious green-molecule story
Jefferies on RIL
Buy, TP Rs 1675
Reliance reiterated objectives outlined in its 2025 AGM.
It is building India’s sovereign AI backbone with Phase 1 comm by end-CY26.
Retail is expanding integrated mfg and export platform.
FMCG investments are accelerating to propel revenues to Rs 1tn by 2030.
New energy is nearing monetization with solar module and ESS production in FY27.
Recovery in Retail growth could rerate the stock from (-) 1 SD level it is trading currently
MOSL on RIL
Buy, TP Rs 1655
In AGM speech, RIL announced:
i) an ambition to more than double RIL’s consolidated EBITDA over the next five years,
ii) DRHP filing and the imminent listing of Jio Platforms (JPL),
iii) a deeper push into manufacturing across fresh produce, apparel, and consumer electronics, while reiterating the target of achieving INR1t in gross revenue for Reliance Consumer Products (RCPL, the FMCG arm) by FY30
iv) five major value creation pathways for RIL (reinventing the O2C business to create secular growth revenue streams, accelerating commissioning and early revenue generation in New Energy, scaling Reliance Intelligence into the most prolific growth platform, turning RCPL into India’s largest FMCG company, and enabling USD125-150b exports by 2032)
- June 22, 2026 09:54
Aurobindo Pharma gets US FTC’s nod to acquire Lannett Company
Aurobindo Pharma gets US FTC’s nod to acquire Lannett Company
Aurobindo Pharma’s US subsidiary receives US FTC approval to acquire Lannett Company for $250 million, strengthening its position in non-opioid controlled substances and domestic manufacturing.
- June 22, 2026 09:45
IPO Watch: Turtlemint Fintech Solutions IPO was subscribed 45% on Day 1
Turtlemint Fintech Solutions IPO was subscribed 45% on Day 1. QIBs: 0.73 times; NIIs: 0.01 times; Retail: 0.29 times.
- June 22, 2026 09:45
Commodities
Crude oil futures decline after US and Iran conclude first round of talks
Crude oil futures decline after US and Iran conclude first round of talks
September Brent oil futures were at $78.93, down by 1.40%, and August crude oil futures on WTI (West Texas Intermediate) were at $65.65, down by 0.26%
- June 22, 2026 09:34
Stock market
Iran talks jitters, crude uptick temper gains; IT stocks lead Nifty higher in early trade
Markets opened on a positive note on Monday, June 22, with the Sensex rising 360.85 points or 0.47 per cent to trade at 77,163.75 after opening at 77,160.67, against a previous close of 76,802.90. The Nifty 50 opened at 24,106.60 and gained 106.40 points or 0.44 per cent to trade at 24,119.50 by 9.17 a.m., recovering from its previous close of 24,013.10. Read more here
- June 22, 2026 09:33
Companies
Tata Motors bags 3,400+ electric commercial vehicle orders
Tata Motors has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India.
TMCV traded flat at Rs 405.40 on the NSE.
- June 22, 2026 09:31
Commodities
Crude oil drops over 1% as US-Iran negotiations end first round
Crude oil futures traded lower on Monday morning after the first round of US-Iran talks concluded in Switzerland. At 9.26 am on Monday, September Brent oil futures were at $78.93, down by 1.40 per cent, and August crude oil futures on WTI (West Texas Intermediate) were at $65.65, down by 0.26 per cent. July crude oil futures were trading at ₹7155 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹7262, down by 1.47 per cent, and August futures were trading at ₹7107 against the previous close of ₹7199, down by 1.28 per cent.
- June 22, 2026 09:30
Stock in focus: Aavas Financiers
Aavas Financiers’ stock fell 4% to Rs 1,419.30 on the NSE, amid reports on National Housing Bank (NHB) scrutiny
- June 22, 2026 09:25
Flair Writing Industries Secures ₹200 Million Fresh Orders
Flair Writing Industries Limited secures fresh orders worth INR 200 Million in its Creative and Steel Bottles & Houseware Division
Shares up 2% to Rs 284.95 on the NSE.
- June 22, 2026 09:24
Stock market
Top Gainers and Laggards of Nifty 50
Top gainers of NIfty 50: Cipla (+2.27%), Infosys (+1.35%), Reliance (+1.34%), Tech Mahindra (+1.06%)
Top losers: Adani Enterprises (-0.61%), Titan (-0.61%), IndiGo (-0.60%), Grasim (-0.41%), Adani Ports (-0.26%)
- June 22, 2026 09:24
Companies
3i Infotech Subsidiary Wins UAE Contract for IT Professional Services
3i Infotech Software Solutions L.L.C., a subsidiary of 3i Infotech Limited, has received a Purchase Order from a leading UAE-based technology company, for providing professional services contract including the rebadging of IT resources
Shares up 2% to Rs 17.70 on the NSE.
- June 22, 2026 09:22
Stock market
Sensex reclaimed the 77,100 level; Nifty 50 crossed 24,100
Sensex soared 312.03 pts or 0.41% to 77,114.93 at 9.17 am after a positive opening at 77,160.67 from the previous close of 76,802.90. Nifty 50 climbed 104.95 pts or 0.44% to 24,118.05.
On Friday, the benchmarks snapped the 5-day winning streak; Sensex settled 607.08 pts or 0.78% lower at 76,802.90; and Nifty 50 dragged 154.90 pts or 0.64% to 24,013.10.
- June 22, 2026 09:16
Forex
Rupee falls 9 paise to 94.42 against US dollar in early trade
- June 22, 2026 09:12
Companies
Aurobindo Pharma Receives FTC Nod for Lannett Acquisition
Aurobindo Pharma USA, Inc, received approval from the U.S. Federal Trade Commission (FTC) to proceed with the acquisition of Lannett Company LLC (“Lannett”). The transaction, valued at $250 million on a cash-free, debt-free basis and inclusive of normalized working capital, is expected to close before the end of June 2026.
- June 22, 2026 09:03
Rupee opens at 94.3550 per US dollar; Nearly unchanged from previous close at 94.32
- June 22, 2026 09:02
Rupee set for boost after Iran flags progress on peace talks
Rupee set for boost after Iran flags progress on peace talks
Fall in oil prices and positive developments in U.S.-Iran negotiations could lend further support, traders said.
- June 22, 2026 08:56
India bonds likely to start week on cautious note as US-Iran flip flop continues
Government bonds are likely to begin the new week on a cautious note as focus turned back to oil prices after tension marked the first round of peace talks, with Iran shutting a crucial transit point and the U.S. threatening to restart attacks.
Read more here - June 22, 2026 08:44
Gold rebounds from one-week low as Iran cites progress in peace talks
Gold on Monday rebounded from a more than one-week low hit in the last session, as oil prices fell after Iran cited progress in U.S.-Iran peace talks, though bets of higher interest rates after hawkish U.S. Federal Reserve signals weighed on the metal’s outlook. Read more here
- June 22, 2026 08:40
Rupee to track dollar moves, oil outlook; bonds to react on foreign investor activity
Rupee to track dollar moves, oil outlook; bonds to react on foreign investor activity
Rupee’s direction this week will hinge on whether lower oil prices hold and on the dollar’s trajectory, while government bonds are likely to take cues from the pace of foreign inflows.
- June 22, 2026 08:26
Mcap of nine of top-10 most valued firms jumps ₹2.15 lakh crore; Airtel biggest winner
Mcap of nine of top-10 most valued firms jumps ₹2.15 lakh crore; Airtel biggest winner
The market valuation of Bharti Airtel surged by ₹52,432.67 crore to ₹11,62,963.30 crore, the most among the top-10 firms
- June 22, 2026 08:09
Gold rebounds from one-week low as Iran cites progress in peace talks
Gold rose over 1% on Monday, rebounding from a more than one-week low hit in the previous session, as Brent crude oil prices fell after Iran claimed progress in U.S.-Iran peace talks, easing concerns around inflation and higher interest rates.
Spot gold was up 1.2% at $4,209.03 per ounce, as of 0112 GMT. U.S. gold futures for August delivery fell 0.5% to $4,225.80.
- June 22, 2026 07:59
Today's Stock Pick: June 22, 2026
- June 22, 2026 07:57
Market expectations | Expert View | Gaurav Udani, Founder - ThinCredBlu Securities pvt. Ltd
Nifty is expected to open slightly higher around 24,100, up nearly 80 points, indicating a positive start after holding key support levels in the previous session.
The index continues to trade above the important 24,000 mark, which remains a positive sign for the short-term structure. Sustaining above this level could help maintain buying interest and support further upside.
Technically, 24,200–24,300 remains the immediate resistance zone. A decisive move above this range could trigger fresh momentum and pave the way for higher levels. On the downside, 23,900–24,000 continues to act as a crucial support area.
The market appears to be consolidating within a constructive structure, and traders will closely watch whether the index can build on the recent recovery.
For now, the bias remains positive, with a buy on dips approach favored as long as Nifty continues to hold above key support levels.
- June 22, 2026 07:56
Nifty and Bank Nifty Prediction for the week 22 Jun'26 to 26 Jun'26 by BL GURU
- June 22, 2026 07:56
PNB, Zaggle Launch Co-Branded Twin Credit Cards
Punjab National Bank (PNB), one of India’s leading public sector banks, has partnered with Zaggle Prepaid Ocean Services Limited, SaaS FinTech and spend management company, to launch the PNB-Zaggle Co-branded Twin Credit Cards.
Designed for the modern, environmentally conscious consumer, the PNB-Zaggle Co-branded Twin Credit Cards combine rewarding lifestyle benefits with sustainability. Manufactured using biodegradable materials, the cards reflect the shared commitment of PNB and Zaggle towards responsible banking and environmental stewardship, while delivering a secure and feature-rich payment experience.
The PNB-Zaggle Co-branded Twin Credit Cards is available on dual network offered as a primary card. The Twin Benefit Card proposition brings together the global acceptance and travel privileges of Visa and lifestyle benefits of RuPay with the UPI-enabled convenience, offering customers a wider range of rewards, exclusive offers, and seamless payment flexibility through two complimentary card proposition.
Built on a customer-centric value proposition, the card introduces benefits such as complimentary railway lounge access, OTT subscriptions, fitness memberships, travel and shopping vouchers, 1.5% Discount on jewellery purchases, dining benefits, airport lounge access, personal accident insurance cover, and fuel surcharge waivers, ensuring a comprehensive and rewarding customer experience.
Speaking on the launch, Shri Ashok Chandra, MD&CEO, PNB, said, “Punjab National Bank is committed to building innovative and customer-centric digital payment solutions that cater to the evolving needs of India’s young and digitally savvy population. With huge Gen Z and Millennials, we see immense potential in the credit card segment, which remains significantly underpenetrated in the country. Our partnership with Zaggle marks another important milestone in our journey to strengthen PNB’s credit card ecosystem through technology, innovation, and seamless customer experiences. Backed by robust digital infrastructure and streamlined onboarding capabilities, we are confident that the PNB–Zaggle Co-branded Twin Credit Cards will accelerate customer acquisition, enhance engagement, and contribute significantly to our vision of becoming a leading player in India’s credit card market.”
Commenting on the partnership, Shri Avinash Ramesh Godkhindi, MD&CEO, Zaggle Prepaid Ocean Services Limited, said, “At Zaggle, we believe great financial products should also be conscious ones. By combining our deep expertise in rewards, spend management and consumer FinTech with PNB’s unmatched banking reach and trust, we are bringing millions of Indians a card that rewards every purchase, every journey and every aspiration, while leaving a lighter footprint on the earth. This partnership is central to our strategy of building differentiated, high-impact consumer FinTech products that create lasting value for customers, partners, and shareholders.”
- June 22, 2026 07:55
Nifty & Bank Nifty இந்த வாரம் (22 Jun'26 to 26 Jun'26) என்ன ஆகும்? எங்கு செல்லும்?
- June 22, 2026 07:36
Crude oil rises after Iran shuts Hormuz again, Trump threatens new attacks
Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between U.S. and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start.
Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 at the start of trading.
U.S. West Texas Intermediate crude futures were at $78.62 a barrel, up $2.02, or 2.64% ahead of the contract’s expiry later on Monday. The more active August contract rose $1.43 to $77.28 a barrel. There was no settlement in the U.S. market on Friday due to a holiday.
- June 22, 2026 07:35
IL JIN Electronics Raises Stake in Ascent Circuits to 97.5%
IL JIN Electronics (India), a material subsidiary of Amber Enterprises, has acquired an additional 37.50% equity stake in Ascent Circuits (Ascent), a subsidiary of IL JIN and a step-down subsidiary of the company, for Rs 328 crore.
Consequent to the aforesaid acquisition, IL JIN’s shareholding in Ascent has increased from 60% to 97.50%.
- June 22, 2026 07:34
Maximus International to Acquire 40% Stake in Quebec Petroleum Resources
The board of Maximus International has received approval for acquisition of a 40% stake in Quebec Petroleum Resources (Quebec), a Vadodara-based company engaged in Lubricants Manufacturing & Petroleum Products Distribution, for Rs 18.43 crore.
In this regard, the company shall enter into a Share Purchase Agreement (SPA) with shareholder of Quebec. The completion of this acquisition is subject to fulfilment of the conditions in the SPA and other transaction documents/ agreements. The acquisition has been undertaken as a strategic investment for Indian domestic market in a similar line of business and with an objective of long-term value creation.
- June 22, 2026 07:34
Sumeet Industries Announces ₹199.75 Cr Rights Issue to Fuel Growth Plans
Sumeet Industries, one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities. Rights Issue Overview: The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares.
The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr; with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integrations and support the Company’s downstream polyester manufacturing operations.
- June 22, 2026 07:32
Stock market
Flat opening seen for Indian stocks
Sensex, Nifty to open flat
Focus on FPIs activity after recent buying; global headwinds to keep market under pressure
- June 22, 2026 07:20
Stock market
Global Markets: Stocks slip in Asia, oil up on peace doubts
Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to price in more risk of higher U.S. interest rates.
The talks were overshadowed by Tehran’s announcement it had again closed the Strait of Hormuz, with tracking sites showing fewer vessels transiting after 32 ships made the passage on Friday and 26 on Saturday. Iran’s threats were enough to push Brent crude futures up 1.1% to $81.43 a barrel, still far away from its May peak of $126.41. U.S. crude firmed 2.7% to $78.70 a barrel, but remained above the $67 level it traded at before the war began.
S&P 500 futures eased 0.5%, while Nasdaq futures lost 0.7%. In Europe, EUROSTOXX 50 futures fell 0.5%, while DAX futures dropped 0.3% and FTSE futures dipped 0.1%.
Japan’s Nikkei edged up 0.7%, having climbed almost 8% last week to all-time highs. South Korea’s red-hot market fell 0.9%, after surging more than 11% last week on demand for semiconductor stocks.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.4%. (Reuters)
- June 22, 2026 07:19
Sun Pharma, Aurobindo Pharma, Tata Motors, Aavas Financiers, Patanjali, Power Mech, RVNL and 20 more stocks will remain in focus on Monday, June 22
Sun Pharma, Aurobindo Pharma, Tata Motors, Aavas Financiers, Patanjali, Power Mech, RVNL and 20 more stocks will remain in focus on Monday , June 22
Sun Pharma, Aurobindo Pharma, Tata Motors, Aavas Financiers, Patanjali, Power Mech, Texamaco, Deep Industries, Refex Industries, Cranes, Divgi, Shree Refrigeratiions, Kirloskar Oil, Century Enka, Knowledge Marine, Himadri Speciality, GRSE, RVNL will be in focus today
- June 22, 2026 07:12
Technical Call: Finolex Cables - BUY
Technical Call: Finolex Cables - BUY
Buy Finolex Cables shares at ₹1,164; target ₹2,000 with strong long-term potential and strategic stop-loss recommendations.
- June 22, 2026 07:12
Nifty 50 Outlook: More rise is on the cards
Index Outlook: Lifting hopes
Benchmark indices show potential for further gains as they approach key resistance levels, supported by positive market momentum.
- June 22, 2026 07:05
Nureca Ltd’s Dr Trust 360 crosses 2.4 million registered users
Nureca Ltd’s healthcare brand Dr Trust has announced that its connected health platform, Dr Trust 360, has surpassed 2.4 million registered users. The milestone reflects the growing adoption of connected home healthcare and the rising demand for tools that help consumers understand and manage their health from home.
- June 22, 2026 07:04
Axis Solutions launches Smart EV Charging Firmware
Axis Solutions Limited (Formerly Known as Asya Infosoft Limited) has introduced its Smart EV Charging Firmware with Dynamic Load Scheduling / Dynamic Load Sharing (”DLS”) for smart EV charging infrastructure.
The platform has been developed for connected and scalable EV charging applications and is intended to support CCS2-based DC chargers and Type-2 connector-based AC chargers. The firmware is designed to enable intelligent charging control, energy optimisation, real-time monitoring and network compatibility across deployment sizes ranging from 3.3 kW to 360 kW, subject to the applicable configuration and site requirements.
- June 22, 2026 07:04
Provigil Surveillance bags ₹3.13 crore contract from Railways
Provigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has received a Letter of Acceptance (LOA) from East Central Railway, Dhanbad Division, for an aggregate contract value of INR 3.13 Crore Approx.
The project pertains to modernization of the Passenger Reservation System (PRS) network, upgradation of telecom connectivity through GPON technology, and associated Signaling & Telecommunication (S&T) works over Dhanbad Division. The scope of work includes deployment of telecom networking infrastructure, GPON-based fiber connectivity solutions, CCTV surveillance systems, and related S&T infrastructure.
- June 22, 2026 07:03
Voltas crosses milestone of 1 million AC sales in FY27
Voltas, India’s No. 1 AC brand and a Tata Product, has crossed the milestone of 1 million air conditioner sales in FY 26-27, achieving the landmark in record time and further strengthening its dominant leadership position in the Indian Room Air Conditioner market.
The achievement reflects strong consumer demand, the trust of millions of customers, and the Company’s continued focus on innovation, execution excellence and market expansion. It also follows a series of strategic initiatives undertaken by Voltas over the past year to strengthen its market proposition and accelerate growth.
- June 22, 2026 07:02
DMart opens in Gift City
Avenue Supermarts Limited (DMart) has opened a new store at Gift City, Gandhinagar (Gujarat) today. The total number of stores as on date stands at 501.
- June 22, 2026 07:02
BSE launches Saatvik Index
The BSE Saatvik consists of 100 Companies. It Excludes companies linked to alcohol, tobacco, gambling and meat products, making it the country’s first value-based equity index.
- June 22, 2026 07:01
Stock market
ALL-TIME HIGH BREAKOUT ALERT (19-06-2026)
18 Stocks Closed at Fresh Lifetime Highs on Friday!
💥Cupid
💥Polycab
💥Paras Defence
💥Radico Khaitan
💥VA Tech Wabag
💥GE Vernova T&D
💥Piramal Finance
💥GNG Electronics
💥Rashi Peripherals
💥Bliss GVS Pharma
💥Nippon India AMC
💥Timex Group India
💥Leela Palace Hotel
💥Panama Petrochem
💥Kirloskar Pneumatic
💥Garware Hi-tech Films
💥Craftsman Automation
💥Aditya Birla Sun Life AMC
- June 22, 2026 07:00
Companies
The 49th AGM (Post-IPO) of Reliance Industries Limited.
Chairman Mukesh Ambani addressed shareholders, with key focus on Jio IPO progress, AI initiatives, strong FY26 financials, retail/digital growth, and new energy/AI infrastructure.
🔸Strong FY26 Performance: RIL reported record revenue, EBITDA, and net profit despite global challenges. Retail and digital businesses contributed nearly half of EBITDA and are driving future growth. Capex was ₹1.44 lakh crore in FY26 (cumulative ~₹6.48 lakh crore over 5 years). The company remains India’s largest contributor to the national exchequer.
🔸Jio IPO Update: Jio Platforms’ Board approved the DRHP, which is being filed with SEBI. The IPO involves a fresh issue of up to 27 crore equity shares (face value ₹10). Isha, Akash, and Anant Ambani are leading the process. Jio has crossed 524 million users, with 268+ million 5G subscribers and JioAirFiber at 13 million homes. Total data traffic reached 241 exabytes (up 30.8% YoY).
🔸AI Push & Reliance Intelligence: Focus on building India’s sovereign AI backbone (first 120 MW in Jamnagar by end-2026, powered by clean energy, equivalent to 2+ lakh H100 GPUs). Partnerships with Google, Meta, and NVIDIA. AI integration into Jio (e.g., AI agents for calls, MyJio as personal AI advisor). Launches include multilingual AI services (JioBharatIQ, JioHealthIQ, etc.) and products like JioTeleframe and JioStar GenAI Media Studio.
🔸Jio’s Future Plans: Five commitments including full 5G migration by 2030, home broadband expansion, enterprise digitization, “AI for everyone,” and global tech expansion. Evaluating a sovereign Low Earth Orbit satellite constellation for broadband (alongside global partners) to boost atmanirbharta in space.
🔸Reliance Retail & RCPL: Poised for growth with new manufacturing and exports platforms (covering FMCG, fresh produce, garments, electronics). Quick commerce expansion. RCPL targets ₹1 lakh crore revenue by FY30 and aims to become a major global FMCG player.
🔸Broader Vision: Emphasis on self-reliance (Atmanirbhar) in critical tech amid global uncertainty. India positioned as a balancer in volatile times. Jio’s innovation velocity ranked high globally (patents).
🔸Dividend: A ₹6 per equity share dividend for FY26 was recommended (subject to approval; payment within 7 days post-AGM).
The meeting is live via Jio Events or news streams. Announcements align with expectations around value unlocking via Jio listing, AI scaling, and consumer business momentum. For the absolute latest, check official RIL channels or live business news.
- June 22, 2026 06:57
Movers & Shakers: Stocks that will see action this week
Movers & Shakers: Stocks that will see action this week
Discover actionable insights on Aurobindo Pharma, Bharat Electronics, and Trent stocks poised for significant movement this week.
- June 22, 2026 06:45
Stock to buy today: Godfrey Phillips India (₹2,281.25)
Stock to buy today: Godfrey Phillips India (₹2,281.25)
Buy Godfrey Phillips stock at ₹2,281; accumulate at ₹2,200, targeting ₹2,600 with a stop-loss at ₹2,100.
Published on June 22, 2026
