concept of stock market exchange or financial technology, polygon bull and bear with futuristic element | Photo Credit: Jackie Niam
Sensex Today, Nifty 50 | Stock Market Highlights: Indian shares fell on Tuesday, pressured by losses in major IT and metal stocks. The decline followed weaker business activity data and mounting concerns about an irregular monsoon, which led investors to book profits after a recent rally fuelled by lower oil prices.
Sensex settled 893.39 points, or 1.16%, lower at 76,200.68, while the Nifty 50 declined 278.80 points, or 1.16%, to close at 23,824.10. The Nifty Metal index declined 3.22%, while the Nifty IT index fell 2.23%. The Nifty Pharma index was the only exception, gaining 0.92%.
Out of 4,447 stocks traded, 1,492 advanced, 2,788 declined, and 167 remained unchanged. Meanwhile, 195 stocks hit 52-week highs, 55 touched 52-week lows, 189 hit the upper circuit, and 191 hit the lower circuit.
Today's trading highlights
- June 23, 2026 16:19
Currency market live: Rupee falls 11 paise to settle at 94.74 against US dollar
Rupee falls 11 paise to settle at 94.74 against US dollar
Rupee falls 11 paise to 94.74 against the US dollar, influenced by a strong dollar and weak domestic markets.
- June 23, 2026 16:01
NLC India signs MoU with Indian Oil for large-scale renewable energy projects
NLC India Limited Signs MoU with Indian Oil Corporation Limited for Development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power.
- June 23, 2026 15:56
Nifty Metal drags markets, Pharma hits record high
Among Nifty Metal (the worst performer in today’s session), Vedanta and National Aluminium emerged as the top losers.
Nifty Pharma outperformed, hit an all-time high of 25,294.50 during the session.
- June 23, 2026 15:49
Rudra Gas has incorporated a Subsidiary Company with the name as Rudra Bio Energy
- June 23, 2026 15:48
Eurogrip Tyres opens five exclusive retail stores in Hyderabad
Eurogrip Tyres, India’s leading 2 & 3-wheeler tyre brand from TVS Srichakra Ltd., announced the opening of five new exclusive retail stores in Hyderabad, Telangana.
- June 23, 2026 15:48
Nephrocare Health Services arm acquires dialysis centre assets in Philippines for PhP 80.64 million
Nephrocare Health Care Services, Philippines Inc., an overseas step-down wholly-owned subsidiary of Nephrocare Health Services, entered into an Asset Transfer Agreement (“ATA”) with Pag-Asa Dialysis And Diagnostic Center for the acquisition of identified assets relating to a dialysis center located at Magsaysay St., Poblacion, Ipil, Zamboanga Sibugay, Philippines, for a total consideration of PhP 80,640,000.
- June 23, 2026 15:47
DSP Mutual Fund asks investors hard questions on small caps
DSP Mutual Fund has launched a new digital campaign that challenges a common investor mindset around small-cap investing. While many investors focus on when to enter, the bigger test is often whether they can stay invested when markets turn uncomfortable.
The campaign is built around a simple insight: knowing that markets are volatile is very different from experiencing volatility firsthand. Through a series of stark, data-led creatives and a corresponding landing page, DSP highlights the behavioural challenges that often determine long-term investment outcomes like sharp corrections, extended recovery periods, and the difficulty of making decisions during uncertain phases.
Rather than focusing on the return potential of small caps, the campaign brings attention to the realities that investors need to acknowledge before committing capital. Using historical index data, the creatives demonstrate how small-cap markets can experience significant declines, how recoveries can take time, and why attempting to consistently time market entry and exit can be challenging.
At its core, the campaign explores the idea that the difficult part of small-cap investing is rarely getting started. It is staying invested when markets test patience, conviction and perspective, something which most digital, self-directed investors lack.
The campaign uses sharp, direct messaging to move the conversation beyond the excitement around small caps. Lines such as “Courage gets you into small caps. Resilience keeps you there” and “Everyone wants in on small caps. Nobody asks what it takes to stay in” highlight the importance of investor preparedness and temperament.
By bringing this often-overlooked aspect of investing into focus, DSP aims to encourage investors to approach small-cap investing with greater awareness and discipline.
DSP is rolling out the campaign across digital platforms and encourages investors to align investments with their risk appetite and seek guidance from a trusted financial advisor or mutual fund distributor whenever required.
Commenting on the campaign, Manish Rathi, Head – Direct and Institutional Marketing, DSP Mutual Fund, said, “Most campaigns are designed to get people to invest. This one is designed to make them pause first. We wanted investors to confront the realities of small-cap investing before they invest, not after markets become difficult. Understanding what one is signing up for can help investors stay committed through periods of volatility. In small caps, staying invested is often the hardest part of the journey.”
- June 23, 2026 15:47
Power Grid board approves General Information Document for FY27 debenture issuance plan
Power Grid board approved General Information Document (‘GID’) for the issuance of POWERGRID Debentures in one or more tranches or through one or more issuances, for the fiscal year 2026-27.
- June 23, 2026 15:46
Smallcase: Crude oil volatility shapes Indian markets amid geopolitical tensions
According to the smallcase manager of Growth Investing, India’s markets have successfully navigated one of the most geopolitically volatile quarters in recent memory. The firm notes that for India, the signing of the US-Iran deals and crude trading near $70–$80 per barrel is clearly favourable, as it will help ease inflation, support the rupee, reduce the import bill, and benefit rate-sensitive and oil-consuming sectors.
The key risk to this outlook is any breakdown in the peace deal or renewed disruption at the Strait of Hormuz, which could re-spike crude, revive inflation and rate-hike concerns, and reverse gains across both rate-sensitive and oil-consumer sectors.
Mr. Narender Singh, smallcase manager and Founder & CEO at Growth Investing said, “This was a quarter where geopolitics, not fundamentals, drove the oil market and, by extension, Indian equities. The round trip in crude from $102 to $115 and back to $82 shows just how sensitive inflation, rate expectations and rural-linked sectors remain to developments around the Strait of Hormuz. With a peace deal now on the table, the focus for Q2FY27 shifts to whether crude can sustainably settle in the $70–$80 range, which would meaningfully ease the inflation and growth concerns the RBI flagged this quarter.”
The quarter also played out amid intensifying heat conditions across India, with global air quality platform IQAir reporting on 27 April 2026 that all of the world’s 50 hottest cities were located in the country — underscoring the broader climate and energy pressures weighing on the economy.
Crude Oil Price Movement & Drivers: Crude oil price swings emerged as the single biggest driver of equity performance, inflation trends and RBI policy through April–June 2026. The blockade of the Strait of Hormuz and a US naval blockade disrupted a significant share of global oil flows, sending Brent crude on a sharp round trip through the quarter and leaving its mark across nearly every corner of the Indian market.
- June 23, 2026 15:46
Crisil upgrades Nuvama’s long-term rating to AA with stable outlook
Crisil has announced an upgrade in Nuvama’s long-term rating from AA- (Positive) to AA (Stable). The upgrade is basis key parameters including the Group’s sustained business growth, increasing diversification across revenue streams, healthy capitalisation metrics, and a consistent earnings profile. Nuvama reported a consolidated net profit of Rs. 1,040 crore for FY2026, with a Return on Equity of ~27.2%, while overseeing Rs. 4,52,548 crore in client assets growing at a three-year CAGR of 25% — spanning wealth management, asset management, investment banking, institutional equities, and asset services. The short-term rating has also been reaffirmed at Crisil A1+, the highest possible short-term rating, further reinforcing Crisil’s confidence in Nuvama’s financial strength and stability.
- June 23, 2026 15:45
Tata AIA launches multifactor index fund for stable equity investing
Market volatility can make it difficult for investors to stay committed to their long-term financial goals. In an environment marked by global uncertainty, fluctuating interest-rate conditions, geopolitical developments, many consumers are looking for investment options that allow them to participate in India’s growth story while aiming to reduce the impact of sharp market swings.
Recognising this need, Tata AIA Life Insurance, one of India’s leading private life insurers, has launched the Tata AIA Multifactor Index Fund, a unit-linked solution designed to offer customers equity market participation along with the protection benefits of life insurance.
At the core of the fund is a low-volatility-focused multifactor strategy that aims to bring greater stability to equity investing. The fund selects 50 companies from the Nifty 500 universe using a combination of four factors low volatility, quality, value and momentum creating a balanced approach to long-term wealth creation.
The emphasis on low volatility is especially relevant for customers who want to stay invested through uncertain or volatile market cycles. The strategy targets companies that have historically shown more stable price movements, helping investors pursue a steadier, more resilient investment journey while continuing to participate in equity market growth.
- June 23, 2026 15:45
Wipro expands partnership with Palo Alto Networks to offer AI-driven MDR services
Wipro announced the expansion of its partnership with Palo Alto Networks, the global AI cybersecurity leader, to offer AI-driven Managed Detection and Response (MDR) services.
- June 23, 2026 15:44
Interarch Building Solutions secures ₹375 crore orders in June 2026
Interarch Building Solutions Limited , one of India’s leading turnkey steel construction solutions providers, has secured new orders worth approximately ₹375 crores during June 2026, further strengthening its order book and reflecting growing demand across key industrial sectors.
- June 23, 2026 15:37
Closing bell: Sensex settled 893.39 pts or 1.16% lower at 76,200.68, and Nifty 50 dragged 278.80 pts or 1.16% to 23,824.10
- June 23, 2026 15:35
Waterways Leisure Tourism IPO subscribed 15% on Day 1
Waterways Leisure Tourism IPO Day 1: subscribed 15%
Waterways Leisure Tourism's IPO sees 15% subscription on Day 1, driven by retail investors amid muted NII response.
- June 23, 2026 15:34
Square Yards raises Rs 900 cr, plans additional USD50-60mn close as it prepares for IPO
Square Yards, India’s leading integrated real estate and mortgage platform, today announced the successful closure of a Rs 900 crore ($95 million) capital raise. The strategic investment, which comprises a mix of debt and equity, was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co.
Following this capital infusion—which was completed at an equity valuation significantly higher than its previous round—Square Yards has firmly solidified its position as a dominant force in the global proptech ecosystem. Building on this momentum, the company is also looking to close another $50-60 million over the next quarter as part of its ongoing capital strategy.
Over the past several years, Square Yards has registered phenomenal, multi-fold growth. In its most recent fiscal year (FY26), the company reported robust revenues of Rs 2,086 crore (approx. $223 million), marking a 48% year-on-year growth. This top-line expansion was accompanied by a massive surge in profitability, with EBITDA jumping 3.7x to Rs 176 crore (approx. $19 million). This continues a remarkable long-term trajectory, highlighted by a 5-year revenue compound annual growth rate (CAGR) of approximately 53%.
From its origins as a primary brokerage, the company has successfully transitioned into a fully integrated ecosystem offering services across property search, transactions, home loans, interiors, and property management. With a strong operational footprint spanning India, the UAE, Australia, and Canada, this latest capital infusion helps fortify its balance sheet while enabling the company to fuel further expansion and strengthen its technological infrastructure as Square Yards aggressively prepares for its highly anticipated Initial Public Offering (IPO).
- June 23, 2026 15:34
LT Foods’ new wholly owned subsidiary has been incorporated under the name “LT FOODS AUSTRALIA PTY LIMITED“ in Australia.
- June 23, 2026 15:32
Swiggy with Zerodha Fund House Enables Delivery Partners to start their investment journey
Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, along with Zerodha Fund House announced the launch of a unique programme for its delivery partners across the country. The initiative is aimed at enabling the delivery partners to save a part of their earnings with investments into mutual funds, through the Swiggy rider app. Delivery partners can start their journey with Rs. 100.
This is an extension of Swiggy’s commitment to empowering its delivery partners, going beyond earnings to help partners build financial discipline for themselves and their families, by investing in the schemes of Zerodha Fund House. Riders may choose to invest for emergencies or for long-term needs (like new two- wheeler, school fees, family goals). The investment can be done as per their convenience and there is no lock-in period,
The delivery partners may begin their investment journey from the Swiggy Rider App, the journey is seamless, completely digital and easy to understand. The investment is done directly in the Schemes of Zerodha Fund House and the delivery partners can manage investments directly via Zerodha Fund House’s WhatsApp channel.
Speaking on the launch, Saurav Goyal, Senior Vice President- Driver and Delivery Org, Swiggy said, “Our delivery partners are integral to the communities we serve, and we strive to positively influence their lives through initiatives that promote their safety, well-being, and long-term empowerment. With this partnership with Zerodha Fund House, we are making it easier for our delivery partners to invest their earnings and in turn, become financially independent as well as invest for their future. This is another step towards giving every partner access to financial tools that are designed for them.”
Added Vishal Jain, CEO, Zerodha Fund House “This is another example of how technology can make investing simple and accessible. For millions of gig workers, building long-term savings can be difficult when incomes are earned and spent in short cycles. A Swiggy delivery partner can now save a part of their weekly earnings into a mutual fund in a few taps and withdraw it whenever they need. And that first step, however small, is the beginning of a better financial life.”
- June 23, 2026 15:32
UK: STARMER TO STEP DOWN – MARKETS POSITIVE BUT UNCERTAINTY RISES
David A. Meier, Economist, Julius Baer
Keir Starmer has resigned as Prime Minister after mounting political setbacks. The winner of last week’s Makerfield by-election, Andy Burnham, is widely expected as successor. Although spending-friendly, Burnham has committed to the fiscal rules, easing markets’ concerns about less fiscal responsibility. Markets reacted positively, possibly reflecting disappointment with Starmer’s growth agenda and loss of political capital. Nevertheless, risks remain for UK fiscal policy and the pound, as rate expectations remain exaggerated and political uncertainty continues to create headwinds.
- June 23, 2026 15:31
PFC’s dollar bond gets ‘BBB-’ rating from Fitch
Fitch Ratings has assigned India-based Power Finance Corporation Limited’s (PFC, BBB-/Stable) Regulation S senior unsecured US dollar bond a rating of ‘BBB-‘.
The bond has been issued from PFC’s existing USD8.0 billion global medium-term note programme. PFC will use the net proceeds from the notes to refinance debt and for general corporate purposes, in line with Reserve Bank of India guidelines.
- June 23, 2026 15:31
Golden Growth Fund closes maiden AIF with Rs 101 Crore AUM; NAV Rises 61% Since Launch
Golden Growth Fund (GGF) today announced the final close of its maiden AIF with Asset Under Management (AUM) of Rs 101 crore.
The fund is a category II real estate focussed Alternative Investment Fund (AIF) that invests in prime South Delhi market. The fund was launched in September 2024 with NAV rising to 160.9, a growth of 61% as on March 2026. The fund has delivered an annualised IRR of 47% since launch.
GGF has strategically invested in three high growth locations in South Delhi, namely Anand Niketan, Neeti Bagh and Gulmohar Park – aligned with its mandate to unlock the real estate potential of one of India’s poshest colonies.
The Anand Niketan project is nearly 80% complete with expected delivery in Q3 FY2026-27 while Neeti Bagh project is 20% complete with expected delivery in Q3 FY2027-28. The third project at Gulmohar Park has recently been acquired and construction is underway.
listed real estate developer Grovy India Ltd, with more than 150 completed projects, is the development partner for the three projects.
- June 23, 2026 15:26
Nucleus Software Appoints Bhavit Godiwala as Chief Customer Success Officer
- June 23, 2026 15:26
Sensex crashed over 950 pts
- June 23, 2026 15:10
Sensex plunged 849.68 pts or 1.10% to 76,244.39 at 3 pm, and Nifty 50 fell 270.65 pts or 1.12% to 23,832.25.
- June 23, 2026 15:10
Panorama Studios Inflight LLP inks agreement with Unnathi Studio for the Airborne Rights for the entire world including India of the cinematographic film titled 'Bayakegalu Berooridaga'
Panorama Studios Inflight LLP, subsidiary of Panorama Studios International Limited, has executed an Agreement with Unnathi Studio Pvt Ltd to exploit the Airborne Rights (on an exclusive basis) for the entire world, including India, of the cinematographic film titled “Bayakegalu Berooridaga” starring Sharanya Pattanshetty, Akarsh Aditys, Ajay Sathyanarayana, Shailaja Joshi, Master Arnav and others and directed by N. Jyotilakshmi.
- June 23, 2026 15:08
IRCON joint venture with Badri Rai & Company awarded a contract by Tripura State Electricity Corporation; Ircon International shares down 1%
IRCON in joint venture with Badri Rai & Company (Lead Partner/ JV Partner-1) in the ratio of 26:74 respectively has been awarded a contract by Tripura State Electricity Corporation Ltd Ircon International shares traded at Rs 137.30 on the NSE, down 1%.
- June 23, 2026 15:06
Ethos has inaugurated a new Ethos Watch Boutique located at UG-37, Inorbit Malls, Vizag, Andhra Pradesh. Shares traded at Rs 2,425.10 on the NSE
- June 23, 2026 14:55
Benchmark indices edge lower near close; Sensex down over 500 points, Nifty down nearly 200 points
The BSE Sensex has been on a steady decline since opening the session at 77,086.05. At 2:52 pm, the 30-share benchmark was at 76,525, down 571 points or 0.74 per cent on the previous close.
Nifty was at 23,912, down 191 points or 0.79 per cent lower.
- June 23, 2026 14:49
GTPL Hathway enters into a Business Transfer Agreement with seven companies belonging to the ACT Group to acquire their Cable Television Business for a cash consideration of Rs 36.23 crore
GTPL Hathway has entered into a Business Transfer Agreement with seven companies belonging to ACT Group, viz., (1) A.C.N Cable Private Limited, (2) ACT Digital Home Entertainment Private Limited, (3) Atria Broadband Services Private Limited, (4) Kable First India Private Limited, (5) Sri Venkateshwara Digital Home Entertainment Private Limited, (6) Mandapeta Digital Entertainment Private Limited and (7) I.B. Communications Network Private Limited, to acquire their Cable Television Business for an aggregate cash consideration of Rs. 36.23 crore, by way of slump sale on a going concern basis.
- June 23, 2026 14:48
Maximus International to acquire 40% strategic stake in Quebec Petroleum Resources Ltd
- June 23, 2026 14:32
Delhivery and Bajaj Auto partner to electrify last-mile Fleet, boosting rider earnings and safety; Delhivery shares traded at Rs 478.75 on the NSE; Bajaj Auto traded at Rs 10,068
- June 23, 2026 14:18
Ola Electric Receives BIS Certification for its Indigenous 46100 LFP Cell, Strengthening India's Battery Manufacturing Capabilities
- June 23, 2026 14:18
India Inc gives GST thumbs up; seeks faster refunds, smoother audits: Deloitte Survey
A resounding majority of India Inc have reported a positive and neutral experience with Goods and Services Tax (GST) with digitisation and rate rationalisation emerging as key factors benefiting businesses, but flagged concerns in delays in refund and audit related issues, a Deloitte India survey said on Tuesday.
India Inc gives GST thumbs up; seeks faster refunds, smoother audits: Deloitte Survey
India Inc supports GST but urges reforms for faster refunds and AI-driven compliance, according to a Deloitte survey.
- June 23, 2026 14:17
RailTel Corporation of India Ltd. has received the Purchase Order from Ministry Of Railways (Cost: Rs 330 crore)
- June 23, 2026 13:42
Gold loans surge 84% in FY26, emerge as mainstream credit driver: Experian
Gold loans are rapidly emerging as one of India’s fastest-growing retail credit products, with sourcing surging 84 per cent year-on-year in FY26, outpacing all other segments, according to credit information bureau Experian.
Gold loans surge 84% in FY26, emerge as mainstream credit driver: Experian
Gold loans surged 84% in FY26, becoming a key credit driver as repeat borrowers and rising prices boost demand across India.
- June 23, 2026 13:40
Stock market
At 1:40 pm, Sensex dropped 678.99 pts or 0.88% to trade at 76,415.08, while Nifty 50 shed 223.60 pts (-0.93%) to 23,879.30
- June 23, 2026 13:28
Global funds snap Indian stock selling streak as oil shock ebbs
Global funds snap Indian stock selling streak as oil shock ebbs
Global funds resume buying Indian stocks after eight weeks of selling, driven by easing oil prices and geopolitical tensions.
- June 23, 2026 13:26
We Win Bags MPRDC Order for Traffic Management System Upgrade
We Win has received work order for Selection of Implementation Agency for Enhancing Capabilities of Existing Accident Response System and Traffic Management Centre under Madhya Pradesh Road Development Corporation (MPRDC).
- June 23, 2026 13:25
NIIT Launches Comprehensive AI Solutions to Build the AIReady L&D Enterprise
- June 23, 2026 13:25
Quess Corp Partners with IGS and IPA to Open Indo Japan GCC Corridor
Shares up 1% to Rs 249.20 on the NSE.
- June 23, 2026 13:23
Stock market
IT selloff drags Nifty below 24,000; pharma stocks buck the trend
IT selloff drags Nifty below 24,000; pharma stocks buck the trend
Pharma bucked the broader trend and remained the standout performer of the session. Cipla led gains on the Nifty 50, rising 2.56 per cent to ₹1,452 with over 37.20 lakh shares traded worth ₹53,831.39 lakh
- June 23, 2026 12:56
Stock market
Sensex slides over 520 pts, Nifty breaches 24,000 as IT and metal stocks weigh on markets, Infosys AGM in focus
Sensex slides over 520 pts, Nifty breaches 24,000 as IT and metal stocks weigh on markets, Infosys AGM in focus
Investors turned cautious after the recent rally, while attention shifted to the progress of the monsoon as a key near-term trigger for market direction
- June 23, 2026 12:48
Choice International Limited Appoints Former Maharashtra Chief Secretary Dr. Nitin Kareer to its Advisory Board
- June 23, 2026 12:40
Swiggy with Zerodha Fund House Enables Delivery Partners to start their investment journey
- June 23, 2026 12:35
RBI injects ₹1.41 lakh crore liquidity in banking system via 7-day VRR auction
RBI injects ₹1.41 lakh crore liquidity in banking system via 7-day VRR auction
RBI injects ₹1.41 lakh crore liquidity into banking via 7-day VRR auction to address recent deficits and market pressures.
- June 23, 2026 12:31
Grasim Invests ₹2,880 Crore in Aditya Birla Capital via Preferential Issue
Grasim Industries said Aditya Birla Capital (ABCL) has allotted 8.09 crore equity shares to the company at ₹356.02 per share, aggregating ₹2,880 crore, under the preferential issue announced on May 20, 2026. Following the allotment on June 23, Grasim’s shareholding in its listed subsidiary ABCL has increased accordingly.
- June 23, 2026 12:27
Marine Electricals (India) bags orders worth ₹75.19 crore
Marine Electricals (India) has received orders amounting to total of Rs 75.19 crore
Shares flat at Rs 271.10 on the NSE.
- June 23, 2026 12:25
Ipo
Turtlemint IPO Day 3: Subscribed 56% by midday, retail investors lead demand
Turtlemint IPO Day 3: subscribed 56% by midday, retail investors lead demand
The initial public offering (IPO) of Turtlemint Fintech Solutions was subscribed 56 per cent by 12 noon on the final day of bidding, with retail investors showing the strongest participation while institutional demand remained subdued.
- June 23, 2026 12:12
Sensex fell over 430 pts
- June 23, 2026 12:04
Ageas Federal Life Insurance declares ₹202.8-crore bonus for FY26
Ageas Federal Life Insurance, one of India’s leading private life insurers, has announced its annual bonus declaration of ₹202.80 crore for the financial year 2025–26. This milestone marks the 12th consecutive year of bonus declarations by the company, reflecting a 15% growth over the previous financial year, and reinforcing its commitment to delivering consistent value to policyholders. Reflecting a strong three-year CAGR of 32%, the company’s bonus declaration for FY 2025–26 will benefit 1,40,651 participating policyholders.
Building on its strong track record, the company has enhanced the Reversionary Bonus rates across participating products, along with revisions to Cash Bonus rates for select plans, reflecting its disciplined investment approach and prudent fund management. The bonuses declared include Reversionary Bonus, Cash Bonus, and Terminal Bonus, applicable across a wide range of traditional and modern participating plans.
For FY 2025–26, the Reversionary Bonus rates have been increased across multiple products, with rates ranging up to 11.90% of Guaranteed Sum Assured and up to 6.50% of Sum Assured across savings-oriented plans, depending on product features and policy terms. Additionally, the Cash Bonus under the Super Cash Plan has been revised, with rates going up to 2.00% of Maturity Sum Assured, depending on the premium payment term. These enhancements are aimed at improving liquidity and providing steady income streams during the policy tenure. The company has also continued to declare attractive Terminal Bonuses, with rates going up to 19.00% of Sum Assured for select plans, further enhancing the overall maturity benefits and strengthening long-term value creation for policyholders
- June 23, 2026 12:04
Ipo
Waterways Leisure Tourism IPO was subscribed 7% on Day 1
Waterways Leisure Tourism IPO was subscribed 7% at 11.54 am on Day 1. QIBs: NIL; NIIs: 0.02 times; Retail 0.38 times.
- June 23, 2026 12:03
No bids made in Indian Oil Corp tender for ships to carry Gulf cargoes
No bids made in Indian Oil Corp tender for ships to carry Gulf cargoes
Shipowners stay cautious amid uncertainty over transit through the strategically vital Strait of Hormuz.
- June 23, 2026 12:00
Stock markets LIVE: PFC becomes first non-bank lender to tap dollar debt after RBI subsidy
PFC becomes first non-bank lender to tap dollar debt after RBI subsidy, bankers say
PFC becomes the first non-bank lender to issue dollar bonds, raising $300 million under RBI's subsidised hedging facility.
- June 23, 2026 11:56
Stock market
Markets turn red
Sensex dragged 249.29 pts or 0.32% to 76,844.78 at 11.53 am, and Nifty 50 fell 84.05 pts or 0.35% to 24,018.85.
- June 23, 2026 11:44
Metro Brands appoints Manoj Juneja as Chief Business Officer - Sports Division
Metro Brands informed the appointment of Mr. Manoj Juneja as Chief Business Officer - Sports Division
- June 23, 2026 11:42
Gold silver
Gold Loans Go Mainstream as Demand Surges, Says Experian Report
Experian, a leading global data and technology company, drawing on insights from its credit data and analytics, today released its latest report, “Gold Loans in Transition: Market Evolution & Consumer Patterns”. The report showcases how gold loans are rapidly evolving into a mainstream credit product, enabling consumers to unlock the value of household gold while contributing to broader financial inclusion and credit growth.
The report highlights a strong structural shift in India’s retail credit landscape, with gold loans increasingly being adopted by consumers as a reliable and accessible financing option. This trend is benefiting both borrowers and lenders. Gold loan sourcing value accelerated significantly over the last two years, with value growth increasing from 69% in FY25 to 84% in FY26, indicating stronger customer demand and deeper market penetration. The industry portfolio also expanded substantially from Rs. 6.3 lakh crore in March 2023 to Rs.19.4 lakh crore by March 2026, reflecting sustained momentum across the category.
- June 23, 2026 11:37
Seamec Ltd Vessel ‘SEAMEC Agastya’ Returns to Work After Technical Fix
Seamec Ltd informed that Vessel “SEAMEC AGASTYA” following its technical redressal has returned to field and been on hired with effect from June 23.
- June 23, 2026 11:11
Gold silver
Gold and Silver Retreat as Dollar Holds Multi-Year Highs: Renisha Chainani, head of research at Augmont
Price Movement – Gold slipped below $4150 and Silver edged toward $63, continuing their recent downward trend as mounting expectations of Federal Reserve rate hikes overshadowed cautious optimism around active US-Iran peace talks. Sterling is under additional pressure as the UK braces for an imminent change in prime minister. Meanwhile, speculative yen selling is intensifying, steadily testing the Japanese government’s tolerance threshold.
· Geopolitical Event– US has issued Iran a 60-day licence to sell oil on international markets, raising expectations of a faster-than-anticipated recovery in global crude supply. Traffic through the Strait of Hormuz has picked up, with producers including Kuwait and the UAE actively securing alternative export corridors. Iran alone shipped over 30 million barrels in the past week, signalling a meaningful near-term supply uptick.
· Macro-Economic Event - Market attention this week centres on the upcoming PCE report — the Fed’s preferred inflation measure — which is expected to shed fresh light on underlying price pressures. According to the CME FedWatch tool, traders are now pricing in an 89% probability of a Fed rate hike in December, a sharp jump from 61% prior to last week’s FOMC meeting.
Technical Triggers
· With Gold having broken below $4,200, the next key support zone sits at $4,050–$4,100, equivalent to approximately ₹1,43,000–₹1,44,000
· Silver’s breach of the $65 support level shifts focuses to the $60–$61 range, or roughly ₹2,20,000–₹2,15,000 on domestic markets.
- June 23, 2026 11:02
Hind Rectifiers approves sale of Dehradun unit for ₹5cr. shares trade flat
Hind Rectifiers traded flat on the NSE at ₹1,136. The company approved the sale of its non-operational Dehradun manufacturing plant for a total consideration of ₹5 cr.
- June 23, 2026 10:57
Stock market
Top gainers and laggards of Nifty Midcap 100
Top gainers of Nifty Midcap 100: Prestige Estate (+3.68%), Naukri (+2.97%), Laurus Labs (+2.83%), Oberoi Realty (+2.73%), GVT&D (+2.22%)
Top losers: National Aluminium (-4.56%), Ashok Leyland (-2.67%), Voltas (-2.58%), Groww (-2.04%) , MCX (-1.63%)
- June 23, 2026 10:52
Economy
Private sector growth slips to 3-month low in June as demand, confidence cool, PMI shows
Private sector growth slips to 3-month low in June as demand, confidence cool, PMI shows
India's private sector growth slows to a three-month low in June, as demand and business confidence decline, PMI reveals.
- June 23, 2026 10:51
NPST shares up 8% on securing technology mandate from a Maharatna company
Network People Services Technologies (NPST) shares rallied over 8% to Rs 1675.80 on securing a technology mandate from a Maharatna Public Sector company.
- June 23, 2026 10:45
Interarch Building Solutions secures order worth ₹165 crore.
Interarch Building Solutions secured order for ₹165 crore.
Shares up 1% to Rs 1920.90 on the NSE.
- June 23, 2026 10:36
Bharti Airtel completes share swap with ICIL, raises Africa stake to 79%
Bharti Airtel completes share swap with ICIL, raises Africa stake to 79%
The company acquired 595,204,251 shares of Airtel Africa from ICIL on June 22, 2026, taking its effective stake in the African telecom unit to approximately 79 per cent.
- June 23, 2026 10:35
Stock market
Nifty Prediction Today – June 23, 2026: Nifty 50 Futures: Resistance ahead. Go long on a break above it
Nifty Prediction Today – June 23, 2026: Nifty 50 Futures: Resistance ahead. Go long on a break above it
Nifty 50 futures show positive momentum; go long if it breaks 24,180 for potential gains up to 24,350.
- June 23, 2026 10:33
Stock market
Markets at 10.30 am
At 10.30 am, Sensex inched up 34.79 pts or 0.05% to 77,128.86, and Nifty 50 was up 3.4 pts or 0.01% to 24,106.35.
- June 23, 2026 10:33
Sattrix Information Security Bags Order from Leading Indian Technology Firm
Sattrix Information Security Limited has secured an order from one of the leading Information Technology Hardware, Electronics Manufacturing and Solutions company in India.
- June 23, 2026 10:33
Stock in focus: Hindustan Zinc signs MoU with Advantek; shares down 3%
Hindustan Zinc shares declined over 3% to Rs 554.25.
Company recently entered a Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles
- June 23, 2026 10:32
Stock Markets LIVE: GHV Infra Projects rose 2% on receipt of ₹213 cr work order from GHV (India)
GHV Infra Projects rose 2% to Rs 222 on the NSE on receipt of work order worth Rs 213 crore from GHV (India) Private Ltd
- June 23, 2026 10:31
Stock in focus: Birla Corporation shares up 1% to ₹1019 on the NSE.
Birla Corporation shares up 1% to Rs 1019 on the NSE. The company commenced coal mining operations at Bikram Coal Mine, located at Burhar, Shahdol, Madhya Pradesh.
- June 23, 2026 10:30
Stock in focus: Apar Industries
Apar Industries stock rose 2% to Rs 16,472 on the NSE. The company announced the signing of an agreement between Saudi Aramco Base Oil Company and its subsidiary APAR Industries Middle East Limited, to supply base oils within the lubeHub Value Park in Yanbu
- June 23, 2026 10:29
Gold silver
Gold falls as dollar holds firm on Fed rate-hike expectations
Gold prices fell more than 1% on Tuesday, pressured by a firmer U.S. dollar on expectations of a Federal Reserve interest rate hike this year, while investors assessed U.S.-Iran peace talks.
Spot gold was down 1.1% at $4,142.61 per ounce, as of 0414 GMT. U.S. gold futures for August delivery fell 1% to $4,160.20.
- June 23, 2026 10:20
Advit Jewels raises Rs 49.52 crore from anchor investors ahead of Rs 165.16 crore IPO
- June 23, 2026 10:20
Vedanta Aluminium Metal Ltd (VAML) shares flat on the NSE at Rs 473.78 on the NSE, Company plans to double its production capacity to 60 lakh tonnes per annum (LTPA)
- June 23, 2026 10:19
Turtlemint Fintech Solutions IPO was subscribed 0.53 times at 10.12 am on Day 3. QIBs: 0.73 times; NIIs: 0.05 times; Retail 0.67 times
- June 23, 2026 10:13
DEE Development Engineers' subsidiary bags ₹64-crore windmill tower order
DEE Development Engineers Ltd’s wholly-owned subsidiary, DEE Fabricom India Private Ltd, has secured an order worth approximately ₹64 crore (inclusive of GST) for the supply of windmill towers, the company announced today.
The order has been awarded by Ganeko Solar Private Ltd, a domestic entity. The contract involves manufacturing 15 fifteen EN156 Envision make 353 MT windmill towers for 3.3 MW windmills, with execution scheduled for completion by January 2027
DEE Development Engineers' subsidiary bags ₹64-crore windmill tower order
DEE Development Engineers' subsidiary wins ₹64 crore windmill tower order, while shares drop 2.24% on NSE.
- June 23, 2026 10:08
Syrma SGS Tech shares surged 3% to Rs 1374.80 on the NSE. The company and Kaga Electronics signed a pact to form a joint venture that will focus on production for a Japanese client
- June 23, 2026 10:07
Vodafone Idea shares flat on the NSE at Rs 14.87. The board approved the allotment of 430 crore warrants on a preferential basis to Suryaja Investments Pte. Ltd
- June 23, 2026 10:02
Rupee falls 6 paise to 94.69 against US dollar in early trade
The rupee fell 6 paise to 94.69 against the US dollar in early trade on Tuesday as the greenback strengthened further to hover around its 13-month high.
FII outflows and a weaker start to morning trade at the domestic equity markets put further pressure on the rupee, while a decline in crude oil prices cushioned against a steeper decline, forex traders said.
Rupee falls 6 paise to 94.69 against US dollar in early trade
Rupee declines 6 paise to 94.69 against the dollar amid FII outflows and a weak start in equity markets.
- June 23, 2026 09:58
Rupee falls 6 paise to 94.69 against US dollar in early trade
The rupee fell 6 paise to 94.69 against the US dollar in early trade on Tuesday as the greenback strengthened further to hover around its 13-month high.
FII outflows and a weaker start to morning trade at the domestic equity markets put further pressure on the rupee, while a decline in crude oil prices cushioned against a steeper decline, forex traders said.\
Rupee falls 6 paise to 94.69 against US dollar in early trade
Rupee declines 6 paise to 94.69 against the dollar amid FII outflows and a weak start in equity markets.
- June 23, 2026 09:51
JSW Infra shares rose 2% to Rs 312.30. Company launches ₹7,500 crore QIP
- June 23, 2026 09:51
Expert View | Vikram Subburaj, CEO, Giottus.com
Bitcoin traded near the $64,000 mark on June 23, extending the consolidation phase that has defined much of June. The world’s largest cryptocurrency remained under pressure from a cautious macro environment. However, recent price action suggests buyers are still defending key support levels. This has helped prevent a deeper decline despite ongoing uncertainty. CoinMarketCap data showed Bitcoin trading around $64,000, while broader crypto market capitalization remained close to $2.2 trillion.
From a technical perspective, Bitcoin’s immediate support lies in the $63,200-$63,600 zone. This area has repeatedly attracted buying interest during recent pullbacks. Below that, the broader $60,000-$61,000 range remains the most important support region for the current market structure. On the upside, resistance is concentrated between $65,500 and $66,000. A decisive move above this range could open the path toward the $66,800-$67,200 region and improve near-term market sentiment.
Institutional flows have shown signs of stabilization after a challenging period. According to Farside Investors data, U.S. spot Bitcoin ETFs recorded net inflows of approximately $104 million on June 22. Recent flow data suggests that selling pressure has eased. This marks a positive change from the consistent outflows recorded in May and early June. Even so, institutional participation remains relatively weak. Demand has yet to recover to the levels seen earlier this year. Investors will be watching closely to see whether inflows can remain consistent over the coming sessions.
On-chain indicators continue to paint a relatively constructive picture. Data from market analytics firms suggest long-term holders remain reluctant sellers despite the correction from earlier 2026 highs. Network activity has also improved, with transaction volumes supported by increased micro-transaction activity across the Bitcoin network. Exchange balances remain near multi-year lows, indicating that significant sell-side pressure has yet to emerge.
The macro backdrop remains the dominant driver for crypto markets. The U.S. Federal Reserve recently kept interest rates unchanged while maintaining a cautious stance on inflation. Markets are now focused on upcoming U.S. economic releases. This includes Personal Consumption Expenditures (PCE) inflation data, consumer spending figures, jobless claims and labour market indicators. These reports could significantly influence expectations around future Federal Reserve policy. Any signs of persistent inflation could strengthen the U.S. dollar and Treasury yields, potentially weighing on risk assets, including cryptocurrencies.
Among major altcoins, Ethereum traded near $1,730, BNB around $590, XRP near $1.13 and Solana close to $72. Solana has shown relatively stronger short-term momentum compared to several large-cap peers, while Ethereum continues to track Bitcoin’s broader direction. Market participants remain selective, with capital largely concentrated in established assets rather than moving aggressively into higher-risk altcoins.
Our advice: Bitcoin continues to defend an important support region, but the broader market remains highly sensitive to macroeconomic developments and institutional flows. Investors should closely monitor the $63,200 support level and the $65,500-$66,000 resistance band. A sustained breakout beyond either range is likely to determine the next major directional move for the crypto market.
- June 23, 2026 09:47
Belding India has incorporated a Subsidiary Company namely “Belding HD India Private Limited” in joint venture with HD Fabcon Private Limited.
- June 23, 2026 09:45
Infosys shares down 2.5% on the NSE at Rs 1038.10, ahead of the AGM today.
- June 23, 2026 09:43
Stock market
Nifty holds at 24,000 as IT stocks drag, crude below $80 supports mood
Nifty holds at 24,000 as IT stocks drag, crude below $80 supports mood
Markets opened on a mildly positive note on Tuesday but slipped into the red within minutes of trading, with benchmark indices weighed down by sharp selling in information technology stocks even as pharma and financial names provided support.
- June 23, 2026 09:39
Two dead in a blaze at Dakshin Energy’s plant in Pharma City, Visakhapatnam
Two dead in a blaze at Dakshin Energy’s plant in Pharma City, Visakhapatnam
Two people died and two others were injured after a fire broke out at Dakshin Energy factory in Pharma City, Parawada, Visakhapatnam in the early hours of Tuesday
- June 23, 2026 09:37
Bharti Airtel completed the acquisition of 16.3% stake of Airtel Africa from Indian Continent Investment Limited (‘ICIL’)
- June 23, 2026 09:35
Commodities
Crude oil futures fall as US, Iran continue peace talks
Crude oil futures fall as US, Iran continue peace talks
Crude oil futures traded lower on Tuesday morning as the US and Iran continued their peace talks in Switzerland.
- June 23, 2026 09:30
Bharat Electronics trades flat
Bharat Electronics stock traded flat on the NSE at Rs 431.10. Company secured additional orders worth Rs 1,081 crore since the last disclosure on May 25.
- June 23, 2026 09:29
Stock in focus: Craftsman Automation stock trades flat
Craftsman Automation stock traded flat at Rs 9,584.50 on the NSE amid reports of block deal.
- June 23, 2026 09:29
Stock market
Nifty IT index declines further
Nifty IT index declined over 1%. Top losers: Infosys, LTM, HCL Tech, TCS and Tech Mahindra.
- June 23, 2026 09:26
Commodities
Crude oil slips below $78 a barrel as US-Iran peace talks continue
Crude oil futures traded lower on Tuesday morning as the US and Iran continued their peace talks in Switzerland. At 9.23 am on Tuesday, September Brent oil futures were at $77.21, down by 0.40 per cent, and August crude oil futures on WTI (West Texas Intermediate) were at $73.63, down by 0.31 per cent. July crude oil futures were trading at ₹6999 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹6983, up by 0.23 per cent, and August futures were trading at ₹6962 against the previous close of ₹6953, up by 0.13 per cent
- June 23, 2026 09:25
PPFAS Mutual Fund makes contrarian bet on IT stocks
PPFAS Mutual Fund makes contrarian bet on IT stocks
The Nifty IT index is down over 27% this year, driving a sharp compression in valuations. The gauge trades at 15.7 times 2026 estimated price to earnings, down from 21.2 times a year ago
- June 23, 2026 09:24
Global bits
Japan: Manufacturing activity remains strong with the fastest new-order growth in over four years, though markets remain cautious amid yen weakness and Fed-driven rate concerns.
India: RBI’s FX reserve sales helped manage currency pressures, while economic growth remains resilient at an estimated 6.6% for FY27.
Philippines: Growth outlook was sharply downgraded due to an energy crisis, political disruptions, and persistent inflation.
China: Focus remains on yuan undervaluation and AI-driven earnings potential, with investors staying constructive on Chinese and Taiwanese equities.
Germany: Growth expectations were cut significantly as high costs, weak investment, and geopolitical risks continue to weigh on the economy.
Eurozone: ECB remains wary of inflation risks despite easing shock effects, with markets expecting further policy tightening.
United Kingdom: Political uncertainty increased following PM Starmer’s resignation, compounding existing growth and fiscal challenges.
United States: Sticky inflation and a resilient economy have revived expectations of Fed rate hikes, strengthening the dollar and pressuring risk assets.
Canada: Inflation accelerated to a 29-month high, weakening the currency and reinforcing concerns about price pressures.
Argentina: The government secured access to up to $5 billion in multilateral funding to reduce borrowing costs and support financing needs.
Russia: Economic developments remain overshadowed by the Ukraine conflict and the ongoing impact of sanctions.
South Africa / Africa: Attention remains on potential fallout from U.S. funding cuts rather than new macroeconomic developments.
Australia: Proposed tax reforms are cooling the housing market, with analysts expecting meaningful property price declines in major cities.
Source: Reuters
- June 23, 2026 09:24
Stock in focus: Vedanta shares dragged over 5%
Vedanta shares dragged over 5% to Rs 288.50 on the NSE amid reports of stake sale by Twinstar Holding.
- June 23, 2026 09:23
Stock market
Top Gainers and Laggards of Nifty 50
Top gainers of Nifty 50: Dr Reddy’s (+1.23%), Adani Enterprises (+0.91%), Trent (+0.80%), Adani Ports (+0.69%)
Top losers: Infosys (-2.31%), Hindalco (-2.03%), HCL Tech (-1.19%), TCS (-1.25%), Tata Steel (-1.03%)
- June 23, 2026 09:22
Expert View | Vikram Kasat, Head Advisory, PL Capital
The U.S. peace deal with Iran remains delicate, but investors seem to be too busy selling artificial intelligence stocks to notice. Tech was the main drag on markets, although small caps were a bright spot.
Dow Jones added 0.3%, helped by gains in non-tech sectors, from financials to energy and industrials. By contrast, S&P 500 lost 0.4% and Nasdaq fell 1.3%.
Iran war peace talks were fraught over the weekend—Donald Trump threatened to restart the conflict and there was ongoing violence in Lebanon. But investors are still hopeful that the two sides are making progress amid ongoing talks in Switzerland, which the U.S. characterized as positive.
Nifty 24102.90
Support: 24060
Trading Buy: Nazara & HindZinc
- June 23, 2026 09:22
Expert View | Avinash Shekhar, Co-Founder & CEO, Pi42
“Bitcoin briefly reclaimed the $65,000 level before easing back toward the $63,000 range, highlighting the continued volatility and cautious sentiment across crypto markets. While smart money sentiment has softened in the near term, the market’s ability to recover key levels suggests that buyers remain active despite ongoing macro uncertainty.
A notable development this week has been continued institutional participation. Strategy added another 520 BTC to its holdings through a fresh capital raise, reinforcing the conviction that long-term investors continue to view Bitcoin as a strategic asset despite short-term fluctuations. This steady accumulation by institutional players has helped provide an underlying layer of support to the market.
At the same time, market indicators present a mixed picture. While Bitcoin’s recovery remains intact, analysts continue to monitor whether the current rebound can sustain momentum or if it risks turning into a failed breakout. The ability to hold above recently reclaimed levels will therefore be an important signal for broader market confidence.
For investors, the current environment highlights the growing divergence between short-term sentiment and long-term positioning. While caution remains elevated, continued institutional accumulation and expectations of improving market conditions in the second half of the year suggest that many participants are focusing beyond near-term volatility and positioning for the next phase of the cycle.”
- June 23, 2026 09:19
Stock market
Equity benchmarks opens flat
BSE Sensex declined 168.59 pts or 0.22% to 76,925.48 at 9.17 am after a flat opening at 77,086.05 from the previous close of 77,094.07. Nifty 50 dipped 46.40 pts or 0.19% to 24,056.50.
- June 23, 2026 09:17
Dee Development Engineers’ arm bags ₹64 crore order to supply windmill towers
Dee Development Engineers’ subsidiary DEE Fabricom India Private Limited has received an Order for supply of Windmill towers of Rs. 64 Crore
- June 23, 2026 09:16
Mindteck (India) appoints Rozario Arun Prakash as Senior Vice President - HR
Mindteck (India) has informed the appointment of Rozario Arun Prakash as Senior Vice President - Human Resources of the company w.e.f. July 01, 2026.
- June 23, 2026 09:16
Hindalco Arm East Coast Bauxite Mining Struck Off by RoC
East Coast Bauxite Mining Company Private Limited [‘East Coast’], a wholly owned subsidiary of Hindalco Industries, has been struck off by the Registrar of Companies, Cuttack, Ministry of Corporate Affairs under Section 248 of the Companies Act, 2013.
- June 23, 2026 09:10
Forex
Rupee opens marginally weaker at 94.69 per US dollar; previous close 94.67
- June 23, 2026 09:09
Stock market
China's yuan hovers near two-week low as hawkish Fed bets lift dollar
The yuan hovered near a two-week low against the dollar on Tuesday, reacting to broad greenback strength underpinned by rising investor bets on a more hawkish Federal Reserve and a weaker midpoint fixing guided by the Chinese central bank.
The dollar strengthened as U.S. Treasury yields climbed with interest-rate-sensitive 2-year yields touching a 16-month high, as traders positioned for the prospect of Fed rate hikes later this year. Pressured by the buoyant dollar, the onshore yuan eased to 6.7779 per dollar at 0300 GMT, not far from a near two-week low of 6.7793 hit a day earlier. Its offshore counterpart last fetched 6.7797 per dollar.
Before the market opened, the People’s Bank of China set the midpoint rate at 6.8171 per dollar, the weakest fixing since June 8. The spot yuan is allowed to trade 2% on either side of the fixed midpoint each day.
- June 23, 2026 08:54
Stock down
SpaceX falls for third day, erases $600 billion in market value
SpaceX falls for third day, erases $600 billion in market value
The stock fell 16% Monday to close at $154.60, the lowest level since the company’s first day of trading, pushing its three-day loss to 23% and erasing over $600 billion in value over that period
- June 23, 2026 08:48
Stock market
Stock markets today: Asian shares are trading mixed amid caution about the war in Iran
Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran.
Japan’s benchmark Nikkei 225 lost 0.9 per cent in morning trading to 71,681.29.
Australia’s S&P/ASX 200 was up less than 0.1 per cent in morning trading at 8,822.10. South Korea’s Kospi dipped 2.8 per cent to 8,863.52. Hong Kong’s Hang Seng slipped 0.4 per cent to 23,678.22, while the Shanghai Composite added 0.2 per cent to 4,170.58.
On Wall Street, stocks drifted through a mixed day of trading on Monday after oil prices eased and Big Tech stocks declined.
The S&P 500 slipped 0.4 per cent, coming off 11 winning weeks in the last 12, and pulled 1.8 per cent below its all-time high set early this month. The Dow Jones Industrial Average added 148 points, or 0.3 per cent, and the Nasdaq composite slumped 1.3 per cent. (Reuters)
- June 23, 2026 08:44
Forex
Rupee to ride oil fall tailwind; Fed rate worries may cap gains
Rupee is poised to open higher on Tuesday, underpinned by softer crude prices on progress in U.S.-Iran negotiations, although expectations of Federal Reserve rate hikes are likely to temper the rise.
The rupee is expected to open in the 94.55 to 94.60 range, according to traders, after declining 0.4% on Monday to settle at 94.6775 per dollar. The currency ended at its lowest level of the session, snapping a six-day winning streak.
Bankers said Monday’s decline was not driven by any specific flow and appeared largely to be against the prevailing trend, catching most market participants off guard.
Mounting expectations of a Fed hike in September are beginning to weigh on Asian currencies, including the rupee, they added.
- June 23, 2026 08:23
Gold silver
Inflows into gold ETFs turned positive last week after 5 weeks
Inflows into physically-backed gold exchange-traded funds (ETFs) turned positive after five weeks of continuous exit last week, though there was a $2 exit for every $3 inflow, data from the World Gold Council (WGC) showed.
According to WGC, ETF investments totalled $3.15 billion, while outflows totalled $2.01 billion. The inflows were led by the US ($603.3 million), UK ($338.1 million), Germany ($258.7 million), Switzerland ($183.3 million) and France ($145.3 million).
Canada (-$222 million), South Africa ($59.6 million), Ireland ($56 million) and Australia ($39.2 million) saw investors exiting. Read more here
- June 23, 2026 08:05
Ipo
Waterways Leisure Tourism opens today at ₹769-808 price band
The Initial Public Offering (IPO) of Waterways Leisure Tourism Ltd opens today and closes on Thursday at a price band of ₹769–₹808. The IPO is a fresh issue up to ₹585 crore and investors can bid for a minimum of 18 shares. Read more here
- June 23, 2026 08:01
Stock market
Today's Stock Recommendation: Gabriel India
- June 23, 2026 07:58
Ipo
Advit Jewels’ ₹165 cr-IPO opens today; price band fixed at ₹130-₹138
Advit Jewels’ ₹165 cr-IPO opens today; price band fixed at ₹130-₹138
The IPO is entirely a fresh issue of ₹165.20 crore for up to 1,19,68,000 equity shares.
- June 23, 2026 07:49
Stock market
Flat opening seen for Nifty, Sensex on Tuesday
Flat opening seen for Nifty, Sensex on Tuesday
Indian markets are likely to open on flat-to-negative note on Tuesday amid volatile global cues. Analysts expect consolidation phase to continue.
- June 23, 2026 07:33
Advit Jewels Limited Raises Rs 49.52 Crore from Anchor Investors
Advit Jewels Limited, which is a Jaipur-based manufacturer and seller of traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, diamond and studded pieces, has garnered Rs 49.52 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, June 23, 2026.
The company informed the bourses that it allocated 35,88,700 equity shares at Rs 138 per share to anchor investors.
Some of the marquee institutions that participated in the anchor include Holani Venture Capital Fund – Holani Venture Capital Fund – 1, Mint Focused Growth Fund PCC- Cell 1 and Venus Investment VCC – Venus Stellar Fund.
Amongst equity- oriented schemes, the company has allocated shares to Taurus Mutual Fund.
Out of the total allocation of 35,88,700 equity shares to the anchor investors, 11,00,000 were allocated to One domestic mutual funds through three schemes.
Holani Consultants Private Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar of the offer.
IPO Details
The Initial Public Offering of the company will open on Tuesday and close on Thursday.
The IPO is a fresh issue of up to 1,19,68,000 equity shares.
Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
The proceeds from its fresh issue worth Rs 65 crore will be for funding incremental working capital requirements of the company, Rs 65 crore for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed, and general corporate purposes.
- June 23, 2026 07:32
India Daybook – Stocks in News
GHV Infra Projects: Company bags composite infrastructure work order worth INR 213 crore in West Bengal (Positive)
Bharat Electronics: Company receives new order worth Rs 1081 cr. (Positive)
Welspun Corp: Company sees exponential growth over next decade; USA & KSA capacity expansions from H2 FY27 to drive strong O&G-led growth (Positive)
NOCIL/ Yasho Ind: India Initiates Anti-Dumping Probe Against Chemical Imports Used In Tyre, Rubber Products In China, Japan. (Positive)
RBL Bank: CRISIL assigned AAA/Stable ratings to ₹1,000 Cr Infrastructure Bonds and ₹1.3 lakh Cr Fixed Deposits. (Positive)
Hindustan Zinc: Company signs MoU with Advantek associates and aero eagle automobiles to explore hydrogen fuel solutions (Positive)
Apar Industries: Company KSA unit signs agreement in Yanbu Lubehub value park to source base oils, expand transformer oil and specialty oil manufacturing. (Positive)
Info edge: Company’s portfolio valued at ₹41,300 cr. Invested ₹4,900 Cr across 135 startups since inception, implying an 8.4x multiple and 33% gross IRR. (Positive)
Birla Corporation: Company announced the commencement of coal mining operations at the Bikram coal block in Madhya Pradesh (Positive)
Syrma SGS: Company signs a JV with Kaga Electronics to establish a manufacturing facility. (Positive)
Alkem Labs, CIPLA, Zydus Life: US shortage for critical cancer drug. (Positive)
Vodafone Idea: Board approved a targeted equity funding structure, moving to allot 430 crore warrants valued at Rs. 1,182 crore to Suryaja Investments. (Positive)
NHPC/ SJVN: Himachal government signs agreements for 19 hydropower projects worth Rs 3,336 crore. (Positive)
Tata Motors PV: Tata Sierra EV set for June 30 debut with dual motor power and big ambitions (Neutral)
\u0009\u0009
Maruti Suzuki: Company teams up with Gujarat to build the next generation of manufacturing talent, India’s skill race is heating up. (Neutral)
MRC Agrotech Limited: Company’s Board approved taking 51.46 acres of land on long-term lease for expansion. They also approved capitalising completed Work-in-Progress into fixed assets. (Neutral)
Zota Health Care Limited: Company has acquired 20,00,000 equity shares of its wholly owned subsidiary, KMHP Ventures Limited (’KMHP’), via subscription to a rights issue. (Neutral)
TCS: Board to meet on July 9 for Q1 FY27 results, interim dividend on agenda. (Neutral)
JSW Infrastructure: Company has approved the opening of its Qualified Institutions Placement (QIP) on June 22, 2026. (Neutral)
Transrail Lighting: Company approves the 100% acquisition of Gactel Turnkey from Ajanma Holdings. (Neutral)
IIFL Finance: Board to consider a fund raise through equity issuance on June 27. (Neutral)
Gail India: Government appoints Satish Kumar Sinha as Director (Finance) with effect from July 1. (Neutral)
Craftsman Automation: Promoter to sell around 2.01% of equity via block on June 23: NDTV Profit. (Neutral)
Procter & Gamble Hygiene and Health Care: Company has announced a final dividend of ₹60 per equity share for FY25-26, subject to AGM approval. (Neutral)
Acutaas Chemicals: Gujarat GST department has initiated a formal multi-location search operation at the company’s corporate head office and its main chemicals manufacturing facility in Surat. (Neutral)
Bandhan Bank: Board meeting on June 25 to evaluate, structure, and consider its comprehensive rolling medium-term capital plan. (Neutral)
Hero MotoCorp: Company has extended its long-term strategic partnership with the Amaury Sport Organisation for another five years. (Neutral)
Knowledge Marine: Board meeting on June 26 to consider and vote on various enabling resolutions to raise fresh capital via equity and other valid instruments.
Likhitha Infrastructure: Board approved a proposal to raise up to Rs. 60 crore through the preferential issuance of 25 lakh equity share warrants. (Neutral)
RPG Life Sciences: Fixed critical dividend timelines, with RPG Life Sciences setting July 9 as the record date for its Rs. 24 final dividend. (Neutral)
Baazar Style: Giriraj Ratan Damani sold 5.07 lk shares at price Rs. 326.4 per share. (Neutral)
List of stocks included in the short term ASM Framework: ESAF SFB, Nelco, NIACL, Panama Petro, S. P. Apparels, and TIL. (Neutral)
List of stocks excluded from ASM Framework: Novartis India, Paras Defence (Neutral)
Circuit filter change from 20% to 10%: Panama Petrochem. (Neutral)
- June 23, 2026 07:31
Yash Highvoltage Approves ₹151-Crore Fundraise via Preferential Issue
Yash Highvoltage Ltd, a leading manufacturer of transformer bushings for the power generation, transmission and distribution sector, has announced the approval of a preferential issue aggregating up to approximately ₹151 crore, subject to shareholder and other requisite statutory and regulatory approvals.
The Board has approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share of the Company, at an issue price of ₹721 per security, aggregating up to approximately ₹151 crore.
The proposed issue has attracted participation from a distinguished group of institutional investors, family oƯices and long-term and reputed investors, reflecting strong confidence in the Company’s business model, technological capabilities, and long-term growth strategy.
- June 23, 2026 07:17
Ipo
Waterways Leisure Tourism IPO: Expensive ticket, uncharted oceans ahead
Domestic ocean cruise operator Waterways Leisure Tourism (Cordelia Cruises) is aiming to raise ₹585 crore via its IPO, which opens on June 23. It is a completely new issue, with no offer-for-sale component. The company is promoted by NRI Rajesh Chandumal Hotwani and Global Shipping and Leisure (with a registered office in Mauritius). The promoters hold a 99.27 per cent stake pre-IPO and would hold about 89 per cent post-IPO. Read the full story here
- June 23, 2026 07:16
5paisa Capital launches algorithmic trading platform ‘AlgoSpace'
5paisa Capital has launched an algorithmic trading platform ‘AlgoSpace’, aimed at simplifying algo-based investing and trading for retail participants. The platform enables traders to access and deploy pre-built algorithmic trading strategies without requiring coding skills, technical infrastructure, or complex configurations. AlgoSpace would not levy any additional platform fees or commissions beyond existing trading charges.
- June 23, 2026 07:15
Dhruv Consultancy Services acquires 55% stake in Verul Drivehub for ₹55,000
Dhruv Consultancy Services Ltd has acquired a 55 per cent stake in Verul Drivehub Private Ltd for ₹55,000, establishing the newly incorporated entity as a subsidiary to undertake infrastructure development projects. The acquisition, executed through a cash consideration, aligns with the company’s strategy to expand its business portfolio in the infrastructure sector, specifically focusing on the development, operation, and maintenance of wayside amenities on National Highways.
- June 23, 2026 07:15
ALL-TIME HIGH BREAKOUT ALERT | 21 Stocks Closed at Fresh Lifetime Highs on Monday!
🟢WPIL
🟢Cupid
🟢Powerica
🟢Inox India
🟢Bharat Forge
🟢Radico Khaitan
🟢Goodluck India
🟢Aegis Logistics
🟢VA Tech Wabag
🟢Happy Forgings
🟢GNG Electronics
🟢Universal Cables
🟢Belrise Industries
🟢Cemindia Projects
🟢Aditya Birla Capital
🟢Anand Rathi Wealth
🟢Panama Petrochem
🟢Kirloskar Oil Engines
🟢Garware Hi-tech Films
🟢Privi Speciality Chemicals
🟢Kirloskar Pneumatic Company
22-06-2026
- June 23, 2026 07:13
SEBI approves GARUDA: A 10-day green channel overhaul for Indian AIFs
SEBI approves GARUDA: A 10-day green channel overhaul for Indian AIFs
SEBI's GARUDA initiative streamlines AIF approvals, enhancing capital deployment efficiency for sophisticated investors in India.
- June 23, 2026 07:13
Stock market
Craftsman Automation, JSW Infra, Vodafone Idea, BEL, Hindustan Zinc among 10 stocks to be in focus today
Craftsman Automation, JSW Infra, Vodafone Idea, BEL, Hindustan Zinc among 10 stocks to be in focus today
On Tuesday, focus on Craftsman Automation, JSW Infra, Vodafone Idea, and more, highlighting key market movements and developments.
- June 23, 2026 07:03
Companies
Tata Electronics hit by ransomware attack claiming to expose Apple, Tesla trade secrets
Tata Electronics hit by ransomware attack claiming to expose Apple, Tesla trade secrets
Tata Electronics said on Monday it had detected a recent “cybersecurity incident”, after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.
- June 23, 2026 06:50
Stock market
Asia shares slip as markets reprice Fed expectations, oil gains
Asian stocks mostly eased and oil prices regained strength early on Tuesday after the U.S. waived sanctions on Iran, while traders grappled with rising expectations the Federal Reserve may take more aggressive action to tackle inflation later this year.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, while S&P 500 e-mini futures slipped 0.2%. Brent crude was up 0.2% at $78.03 per barrel.
The Nikkei 225 was off 0.6%, retracing some losses after data showed Japan’s manufacturing sector sustained robust growth in June, with new orders surging to their fastest pace in more than four years.
South Korean shares fluctuated between gains and losses and were last 2% lower, while Taiwanese stocks opened 0.9% higher, setting a new high.
- June 23, 2026 06:48
Gold silver
Gold steady as investors focus on US-Iran peace talks
Gold prices were steady on Tuesday as investors assessed U.S.-Iran peace talks, while rising expectations of a Federal Reserve interest rate hike in December weighed on the metal.
Spot gold was steady at $4,191.09 per ounce, as of 0053 GMT. U.S. gold futures for August delivery rose 0.2% to $4,208.40.
- June 23, 2026 06:45
Stock market
Markets recovered lost ground on Monday; peace talks lift mood
Markets bounced back on Monday, recouping a large part of Friday’s losses as easing geopolitical tensions and softer crude oil prices lifted investor sentiment. The recovery, however, came with a caveat — trading was narrow and volumes thin, with NSE cash market turnover running about 8 per cent. below the average seen so far in June.
The Sensex closed at 77,094.07, up 291.17 points or 0.38 per cent., while the Nifty 50 settled at 24,102.90, a gain of 89.80 points or 0.37 per cent.. The Nifty opened with a gap-up of over 93 points and briefly touched an intraday high of 24,168, but trimmed gains through the second half as profit booking kicked in, pulling the index nearly 88 points off its peak. The session’s intraday range of just 95 points was the narrowest since January 1, 2026.
Optimism around the ongoing US–Iran peace talks in Switzerland — where the first round ended on a constructive note — was the primary driver of the day’s gains, easing concerns over potential disruptions to global energy supplies. Brent crude slipped nearly 1.3 per cent. to around $79 per barrel, offering relief to India’s import bill. Domestic crude futures on MCX declined over 1.2 per cent.. Gold, meanwhile, gained over 1 per cent. on COMEX, rebounding above $4,210, while MCX Gold rose roughly ₹2,000 to ₹1,49,200, supported by both global cues and a weaker rupee. Read more here
- June 23, 2026 06:33
Stock market
Stock to buy today: Gabriel India (₹1,242) – BUY
Stock to buy today: Gabriel India (₹1,242) – BUY
Buy Gabriel India shares at ₹1,242; potential rise to ₹1,500 with bullish indicators and strategic stop-loss levels.
Published on June 23, 2026
