Stock Market Today Highlights, June 24: Sensex jumps 790 points, Nifty reclaims 24,000 as banking and IT stocks power rally

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Indri Whisky adds authenticity hologram to bottles amid India’s single malt boom

Indri Whisky adds authenticity hologram to bottles amid India’s single malt boom

Indri Whisky introduces a certification hologram to ensure authenticity and adherence to IMWA production standards amid India’s single malt growth.

Gold and Silver at Make-or-Break Levels: Three Forces Driving the Slide

Renisha Chainani, head of research at Augmont

Price Movement – Gold and silver are extending their losing streak despite a temporary US-Iran peace deal, pressured by three concurrent forces. First, a broad risk-off wave triggered by a sharp selloff in AI stocks is spilling over into precious metals. Second, increasingly hawkish signals from the Federal Reserve have pushed the probability of a December 2026 rate hike to 86%, lifting the Dollar Index above the 101 mark and weighing on gold. Third, the unwinding of yen carry trades — as USDJPY slides to a 40-year low on rising Japanese interest rates — is generating ripple-effect selling across safe-haven assets.

· Geopolitical Developments– US President Donald Trump stated on Tuesday that Iran had agreed to indefinite nuclear inspections. Tehran promptly disputed this, casting fresh doubt on the deal’s durability and keeping geopolitical uncertainty elevated.

· Macro-Economic Signals – Rate hike expectations are building rapidly. The probability of a July hike has jumped to 36% from just 8.5% a week ago, while September odds have surged from 29.1% to above 70%, per CME FedWatch. Markets now await Thursday’s US PCE data — the Fed’s preferred inflation gauge — for further policy direction.

Technical Triggers

· Gold is testing its lowest levels of 2026, hovering near the critical support zone of $4,000–$4,060 (₹1,43,000–₹1,44,500). This zone carries a 90% probability of holding and triggering a rebound, given deeply oversold conditions. A breakdown — though unlikely — would open a decline toward $3,600 (₹1,30,000), a level that would represent a short-lived dip and a strong long opportunity.

· Silver mirrors this setup, consolidating around $60–$61 (₹2,20,000–₹2,24,000). The same 90% support probability applies. A breach could extend losses toward $54-55 (₹2,00,000), but any such move is expected to be brief and a buying opportunity.

Closing bell: Sensex jumps 1.04% to close at 76,991; Nifty ends 0.83% higher at 24,022

Sensex settled 790.54 pts or 1.04% higher at 76,991.22, and Nifty 50 gained 197.55 pts or 0.83% to 24,021.65.

Infosys, ANA s Global CMO Growth Council, and LIONS Unveil the CMO AI Hub

Medi Assist board approves further investment of INR equivalent to GBP 589,270 for additional 31.75% stake in UK subsidiary Mayfair We Care

Medi Assist Healthcare board approved a further investment of INR equivalent to GBP 589,270 as of the remittance date for the additional acquisition of 31.75% shares of Mayfair We Care Limited, UK (“Mayfair”), subsidiary of the Company.

Torrent Power board approves allotment of ₹3,800 crore Series 15 NCDs at coupon rate

Torrent Power board allotted Series 15 – 3,80,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures (“NCDs”) of ₹ 3,800 Crore at a coupon rate

Fund Manager’s View: Siddharth Vora, Fund Manager & Head of Asset Management, PL Capital

“Global equity leadership has become increasingly concentrated in AI and semiconductor-heavy markets. In May, South Korea gained 28.45%, Taiwan 14.92% and the Nasdaq 100 10.49%, reflecting strong earnings momentum and unprecedented AI investment. However, this strength is now highly concentrated: the top five stocks account for nearly 70% of the Korean index and about 60% of Taiwan’s market, with Samsung and SK Hynix contributing roughly 45% in Korea and TSMC alone representing nearly 42% in Taiwan. This concentration has amplified returns, but it also increases sensitivity to any moderation in AI capex, memory pricing or earnings expectations.

Valuations and price momentum also indicate that expectations are elevated. South Korea is trading around 5.9 standard deviations above its five-year average P/E and nearly 50% above its 200-day moving average, while Taiwan is around 2.9 standard deviations above its historical valuation and over 35% above its 200-day average. These are genuine growth markets, but the margin for disappointment has narrowed materially.

India offers a more diversified setup. The Indian market is spread across financials, consumption, industrials, healthcare, energy, technology and domestic cyclicals, rather than being dependent on one or two companies. In Q4FY26, the Nifty 500 delivered 14.3% year-on-year profit growth, with 21 of 29 sectors reporting double-digit earnings growth. At the same time, India’s valuation has normalised to below its five-year average, and the market remains below its 200-day moving average, suggesting that much of the earlier premium has already corrected.

The possible outcomes are therefore asymmetric. If AI growth broadens, India can participate through technology services, manufacturing and enterprise adoption. If the AI trade cools gradually, global flows may rotate toward diversified markets with improving earnings breadth. In a sharper correction, India would not be immune, but its lower concentration, domestic liquidity and broader earnings base could offer relative resilience.

India does not need to replace the AI trade. Its opportunity lies in becoming more valuable as global investors begin to favour breadth over concentration.”

Nifty IT soared 2.5% to 27,705.95. Top gainers were OFSS, Tech Mahindra, Infosys, TCS, Persistent Systems and Coforge

At 2.27 pm, Sensex traded 904.90 pts or 1.19% higher at 77,105.58, and Nifty 50 gained 236.05 pts or 0.99% to 24,060.15.

Waterways Leisure Tourism IPO subscribed 40% at 2.06 pm on Day 2. QIBs: NIL; NIIs: 0.20 times; Retail 1.92 times

Advit Jewels IPO subscribed 31.32 times at 2 pm. QIBs: 1.24 times; NIIs 79.50 times; Retail: 17.83 times

Amitabh Bachchan sells nearly 1% stake in DP Wires for over Rs 2 crore: PTI

Bosch Global Software sells 20,92,440 equity shares of the company with a face value of ₹10 each

Bosch Global Software Technologies Pvt Ltd, one of the promoters of Bosch Home Comfort India, sells 20,92,440 equity shares of the company, with a face value of ₹10 each (representing 7.70% of total issued and paid-up equity share capital) through an offer-for-sale

Sensex jumps over 930 pts

Unicommerce and Swiggy Networks integrate to enable seamless B2B order processing for brands

Bharat Dynamics has received orders worth about Rs 1,347.71 crore (gross) from Hindustan Aeronautics Limited (HAL). BDL shares flat at Rs 1390.30 on the NSE, HAL traded at Rs 4,404.30 on the NSE

India’s Top 500 Companies Valued at $3.4 Trillion: Burgundy Private Hurun Report

Burgundy Private, Axis Bank’s Private Banking Business, and Hurun India, today released the ‘2025 Burgundy Private Hurun India 500’, the fifth edition of the list of India’s 500 most valuable companies. These are collectively valued at $3.4 trillion, reflecting a corporate landscape where scale is matched by broader entrepreneurial participation, stronger fundamentals, and a widening footprint beyond traditional growth centres.

Now in its fifth edition, the 2025 Burgundy Private Hurun India 500 ranks India‑headquartered companies by market capitalisation or enterprise value, excluding state‑owned enterprises and subsidiary entities. To qualify for inclusion in the 2025 list, companies needed a minimum valuation of INR 10,230 crore (US$1.1 billion) as of April 30, 2026. This threshold grew by 7% compared to last year.

With an average age of 44 years, the cohort reflects a compelling blend of maturity and momentum within India’s corporate ecosystem. Collectively, these companies are strengthening the country’s economic fabric, employing 8.9 million people, contributing INR 3.23 lakh crore in taxes, and investing INR 13,433 crore in CSR initiatives.

Commenting on the launch, Arnika Dixit, Group Head – Cards, Payments and Wealth Management, Axis Bank, said:

“Burgundy Private is delighted to partner with Hurun India once again as we celebrate India’s 500 most valuable companies. The 2025 Burgundy Private Hurun India 500 report reflects a phase of steady evolution in India’s corporate landscape, where companies are building scale even as they adapt, invest through cycles, and find new ways to stay relevant. What is increasingly evident is how the drivers of value creation are becoming more varied, with momentum extending beyond traditional centres into a wider, more diverse set of businesses and markets.

Bandhan Life Launches AI Chatbot ‘Bandhan Bandhu’ for Customer Queries

Bandhan Life Insurance, the life insurance arm of Bandhan Group, has launched ‘Bandhan Bandhu,’ an AI-powered chatbot designed to help customers better understand life insurance and get answers to their questions instantly while exploring products on the company’s website www.bandhanlife.com.

Buying life insurance can often feel complex, with customers seeking clarity on premiums, coverage, eligibility, benefits, and policy terms before making a decision. Bandhan Bandhu acts as a digital guide, helping visitors understand products and make informed choices about protecting their future. Available 24×7 on both desktop and mobile versions of the Bandhan Life website, the chatbot provides instant responses in multiple languages.

BHIM Payments App transaction volumes more than triple in one year: NBSL Chief

BHIM Payments App transaction volumes more than triple in one year: NBSL Chief

The monthly transaction volumes on the app increased from 79.64 million in June 2025 to 244 million transactions in May 2026,  Lalitha Nataraj, MD & CEO, NBSL, said.

Sampann Utpadan Approves Sale of Wind Energy Business

Sampann Utpadan India has approved the sale/disposal of the Company’s Non-Conventional Energy (Wind Mill) Segment to Viviid Green Power Private Limited and Viviid Emissions Reduction Universal Private Limited.

Aarti Corporate Services sells 100% stake in Shanti Intermediates

Aarti Corporate Services Limited, a wholly owned subsidiary of Aarti Industries, has sold its entire 100% equity stake in Shanti Intermediates Private Limited.

CRISIL upgrades L&T’s ESG score to 67, retains “Strong” category

Larsen & Turbo: CRISIL ESG Ratings & Analytics Limited (CRISIL) has revised the Company’s ESG score from “CRISIL ESG 62” to “CRISIL ESG 67” under the category “Strong”.

FundsIndia Raises ₹44.6 Crore via First Private NCD Placement

FundsIndia, a wealth management platform, has closed its first private placement of secured non-convertible debentures (NCDs), raising Rs. 446 million. The issuance was led by the company’s Private Wealth vertical, which handled the allocation and distribution for the offer.

The funds will go toward strengthening FundsIndia’s technology and platform capabilities, and expanding the range of investment products it offers clients across its retail, partner, and private wealth businesses.

Stock in focus: Godrej Properties

Godrej Properties board approved NCDs aggregating to Rs 50 crore each under Terms of Series 1 Debentures ; and Terms of Series 2 Debentures 

Shares surged 3% to Rs 1163 on the NSE.

Premature to talk about a rate hike: RBI Guv Malhotra

RBI Governor Sanjay Malhotra on Wednesday said it would be premature to talk about a rate hike even as external uncertainty is weighing on the rate-setting monetary policy committee (MPC).

Premature to talk about a rate hike: RBI Guv Malhotra

RBI Governor Sanjay Malhotra on Wednesday said it would be premature to talk about a rate hike even as external uncertainty is weighing on the rate-setting monetary policy committee (MPC).

Tata AIA launches factor-based index fund within ULIP framework

Tata AIA launches factor-based index fund within ULIP framework

The fund selects 50 stocks from the Nifty 500 universe using four factors — low volatility, quality, value and momentum — and tracks a customised benchmark, the Nifty 500 Multifactor MQVLv 50 Index

Equitas SFB Board Approves ₹1,750 Crore Capital Raise

Equitas Small Finance Bank board approved raising capital through issuance of NCDs aggregating to Rs 500 crore; and by way of QIPs for Rs 1250 crore.

Stock in focus: Endurance Tech

Endurance Tech: Endurance Overseas SpA, Italy (“EOSpA”), a whollyowned subsidiary of the Company, has entered into a Share Purchase Agreement (“SPA”) to sell 100% of its shareholding in Veicoli Srl, Italy.

Shares flat at Rs 2680 on the NSE.

MICL Group Secures JOA for Tardeo 2.0 Redevelopment Project

Man Infraconstruction (MICL) Group secures JOA for Tardeo 2. 0, Marking Key Development Milestone for Rs. 2,000+ Crore GDV Project

Shares up 1% to Rs 105.49 on the NSE.

Hindustan Copper inks MoU with Engineers India Limited

Hindustan Copper and Engineers India Limited (Ell) signed a Memorandum of Agreement (MeA) to support its expansive, vertically integrated operations-spanning from mineral exploration and end-to-end mining to smelting, refining, and downstream extraction.

Affle 3i gets patent in India

Affle 3i has been granted a patent in India, which was earlier granted to the Company in the US, strengthening the overall IP portfolio of the Company. The patent subject area is “Method and system for click-to-install behavior based detection of fraud”. 

Shares flat at Rs 1457 on the NSE

BSE-listed Supra Pacific Financial Services Limited Announces Nationwide Expansion; Targets 500 Branches

Supra Pacific Financial Services Limited, a BSE-listed Non-Banking Financial Company (NBFC), today announced an ambitious expansion plan to establish 500 branches across 15 states over the next three years, while targeting an asset base of ₹2,500 crore as part of its long-term growth strategy.

The company also inaugurated its new Corporate Office in Andheri, Mumbai, in the presence of Mr. Mahesh Thakkar, Chairman of the Finance Industry Development Council (FIDC), and Mr. Manoj Ravi, CEO of Supra Pacific Financial Services Limited, along with eminent industry leaders, key stakeholders and members of the company’s leadership team.

As part of its expansion roadmap, Supra Pacific will mark its presence in Gujarat, Delhi, Rajasthan, Odisha and Telangana, while expanding operations across Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra and Goa. In the present phase, the company will open five new branches in Goa, further enhancing access to formal financial services in underserved regions.

The company has recorded strong growth, with its assets increasing by 64.39% during FY 2025-26, from ₹290 Crore to ₹499 Crore. It now aims to achieve ₹750 Crore in assets during the current financial year, progressing towards its ₹2,500 Crore target within three years.

Supra Pacific continues to diversify its lending portfolio across gold loans, microfinance, vehicle finance and business loans. It also plans to introduce working capital loans ranging from ₹10 lakh to ₹1 crore for traders and MSMEs, alongside a new mobile application to deliver faster and more seamless digital financial services.

Bajaj Finance board approved allotment of NCDs aggregating to ₹2,000.45 Crore on private placement basis

Saregama India appoints Abhishek Kapoor as Chief Financial Officer

Saregama India informed the appointment of Abhishek Kapoor as Chief Financial Officer (”CFO”) with effect from 15th July, 2026; and appointment of Mr. Kuldeep Kothari as Interim Chief Financial Officer with effect from 24th June, 2026. He will demit from the position of Interim CFO on 14th July, 2026.

United Drilling tools secures repeat export order worth ₹1 crore from Brazil

United Drilling Tools received another repeat export order from Argentera Oil and Gas, Brazil for the supply of Casing Pipe with multi start Connector to M/s Petrobras, Brazil in the ordinary course of business. 

(Contract value: Rs 1 crore.)

Shares flat at Rs 218.79 on the NSE.

Market analysis by Vikram Subburaj, CEO, Giottus.com

Bitcoin was trading around $62,500 on June 24. The price was down nearly 13.3% from the $72,145 levels seen at the start of June and almost 4.6% below the $65,500 levels touched earlier this week. 

The immediate technical picture suggests caution. Bitcoin has established support around $61,900-$60,900, while resistance now sits at $64,200, followed by a stronger supply zone near $65,500-$67,000. Until either side breaks decisively, the market may continue to oscillate inside this broad 9-10% trading range. 

More importantly, on-chain data suggests this is not a euphoric market undergoing a healthy correction. It is a market under stress. According to data, Bitcoin’s Net Unrealised Profit/Loss (NUPL) has dropped to 0.20. The proportion of supply in profit has fallen from 64% to 54% and realised losses have surged 78% month-on-month to $714 million. Also, realised profits have collapsed 57% to $194 million. The realised profit-to-loss ratio has shrunk to 0.27, indicating that investors are booking losses at a much faster pace than gains. 

Institutional participation has also weakened considerably. US spot Bitcoin ETFs experienced approximately $5 billion of cumulative outflows across 19 of 22 sessions through mid-June. Even though there was a modest rebound of $68.2 million in inflows on June 23, the broader trend still points towards institutional hesitation rather than renewed conviction. Earlier this month, ETFs had already recorded 13 consecutive sessions of outflows worth $4.4 billion before briefly stabilising. 

The market’s attention has now shifted entirely towards macroeconomic data. The next major event is the US Personal Consumption Expenditures (PCE) inflation report on June 25. This is the Federal Reserve’s preferred inflation gauge. Economists expect headline PCE inflation to remain elevated around 4.1% year-on-year, while core PCE could stay near 3.4%. Persistent inflation would reinforce expectations of a prolonged higher-rate environment, which has historically weighed on risk assets, including crypto. 

The broader macro backdrop has also become less supportive. Recent weakness in global technology stocks saw the Nasdaq decline 2.2%, the S&P 500 fall 1.4%, and investors rotate towards safer assets. Crypto, which increasingly trades in tandem with growth assets, has not been immune to this shift. 

Altcoins are mirroring this cautious sentiment rather than diverging from it. Ethereum was trading near $1,670, declining about 3.5% over 24 hours. XRP was hovering around $1.10, down nearly 3%, while BNB traded near $578, losing about 2%. Stablecoins such as USDT and USDC continued to hold their pegs close to $1, reinforcing that investors are temporarily prioritising capital preservation over aggressive risk-taking. 

Our advice: Investors should avoid reacting to every intraday move while Bitcoin remains trapped between $61,000 and $67,000. Instead of deploying capital all at once, staggered allocations and a higher cash buffer may prove prudent until ETF flows and inflation data begin showing sustained improvement.

Prostarm Info Systems Emerges L-1 Bidder for ₹4.03 Crore Karnataka Fire Services Order

Prostarm Info Systems Ltd declared as L-1 bidder by Karnataka State Fire and Emergency Services for Supply Installation Testing and Commissioning of 3 KVA UPS with Battery Conforming to IS 16242 for Rs 4.03 crore price.

Shares flat at Rs 141.79 on the NSE.

Navi UPI launches Navi Secure

Navi UPI, one of India’s fastest-growing UPI apps, introduced Navi Secure, a unified safety framework that brings together the platform’s existing fraud prevention, risk monitoring and user protection capabilities under a single trust and security proposition.

As digital payments scale rapidly across India, fraud patterns are becoming increasingly sophisticated, spanning social engineering attempts, fake merchants, compromised devices and high-risk digital environments. Navi Secure reflects Navi’s continued focus on strengthening customer protection through intelligent risk detection, proactive user alerts and layered safeguards designed to help users make safer payment decisions.

Instead of relying only on post-facto reporting and recovery, the capability focuses on identifying risk signals early and enabling preventive interventions where applicable.

Stock in focus: Hindustan Copper

Hindustan Copper: Forest Department, Government of Rajasthan has granted Forest Clearance Co-terminus to Chandmari copper mine lease period in District Jhunjhunu, Rajasthan of the company.

Shares traded at Rs 492.60 on the NSE.

MAS Financial Services board approved NCDs aggregating to ₹140 crore.

Kolkata Metro has partnered with ABB to enhance the efficiency, reliability and safety of its expanding urban transit network.

Imagicaaworld Entertainment shares jump 10%

Imagicaaworld Entertainment shares jumped 10 per cent to ₹51.93 on the NSE. The company has informed about the commencement of operations at Imagicaa Water Park in Khopoli, Maharashtra, with effect from June 26 following rains in the catchment areas.

Deccan Gold Mines secures ₹3 crore debt funding

Deccan Gold Mines stock was flat on the NSE at ₹215.65. The company has finalised documentation to secure a debt funding arrangement worth ₹3 crore from Modali Consultants LLP.

Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%

Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%

Axis Bank issues $300 million Senior Unsecured Notes at 5.348% with a “Baa3” rating from Moody’s, enhancing NRI client leverage.

Aye Finance announce rating upgrade to IND A+ (Stable Outlook) from India Rating & Research

Rupee falls 10 paise to 94.86 against US dollar in early trade

Rupee falls 10 paise to 94.86 against US dollar in early trade

Rupee declined 10 paise to 94.86 against the US dollar in early trade on Wednesday as the greenback continued to gain in strength.

Stock in focus: Biocon

Biocon announced that its long-standing partner, Duopharma Biotech Berhad, via its wholly-owned subsidiary Duopharma (M) Sendirian Berhad, has secured multiple insulin contracts from the Ministry of Health (MoH), Malaysia, valued at over MYR 225 million this year.

Shilpa Biologicals Commissions Advanced ADC GMP Manufacturing Facility

Shilpa Biologicals Ltd, a material subsidiary of Shilpa Medicare Ltd, today announced the commissioning of a state-of-the-art Antibody–Drug Conjugate (ADC) GMP Manufacturing Facility, purpose-built and designed to meet global regulatory approval standards including US FDA, EMA, and other major health authority requirements. The facility is fully operational, with GMP qualification protocols now actively underway, placing Shilpa on a clear path to commercial readiness.

Pre market quote | Gaurav Udani, Founder – ThinCredBlu Securities

Nifty is expected to open lower around 23,760, down nearly 60 points, indicating a cautious start amid weak sentiment and mixed global cues.

The index has witnessed increased volatility in recent sessions, and traders should remain cautious as the market continues to react to both global developments and domestic triggers.

Technically, 23,600–23,700 remains an important support zone. A break below this range could invite further selling pressure. On the upside, 24,000–24,100 will act as the immediate resistance zone, where recovery attempts may face supply.

The overall setup remains uncertain, with the market lacking a strong directional trend. Until key resistance levels are reclaimed, traders should avoid aggressive long positions and focus on disciplined risk management.

For now, a cautious and level-based approach is advisable, with close attention to support levels and global market developments.

Oil slide poised to keep Indian bonds steady-to-higher

Indian government bonds are set for a steady-to-higher open on Wednesday, supported by oil’s continued retreat, though doubts over the U.S.-Iran truce and dollar-led ‌pressure on the rupee may keep traders wary.

The benchmark 6.94% 2036 bond yield is expected ⁠to trade between 6.81% and 6.85%, a private bank trader said. It closed at 6.8364% on Tuesday. Bond yields move inversely to ‌prices.

Oil prices neared pre-war levels as more ships moved through the Strait of Hormuz. Brent crude ‌was down 0.53% at $76.68 in Asian trade, about $5 ‌above ⁠levels seen before the conflict.

Pre market opening quote by Vikram Kasat

Weak cues from Wall Street, rising USD index may lead to some more consolidation in stocks when Dalal Street opens for trade on Wednesday. For Indian markets positives like fall in crude prices and a small rebound in Software names may help indices stabilize after opening volatility. Participants may look at a probable bounce in Software stocks alongwith strength in stocks that have led the markets in June.

CITI ON BEL

Target Price ₹515

Recommendation Accumulate

Recent Developments Incrementally Positive

Reiterate a Top Pick

Recent order wins are spread across multiple product categories

Timing of large-value QRSAM conversion remains a monitorable

Think the combination of steady base orders, improving macro and incremental export optionality

This should provide continued conviction in BEL’s medium-term growth visibility

Samsung Electronics plans 90 trillion won share buyback

Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) ‌after agreeing to give a bonus in ⁠stock to employees following recent wage talks, the Yonhap News Agency ‌reported on Wednesday.

The memory-chip maker will soon announce ‌details on the plan, ‌Yonhap ⁠said, citing unidentified industry ⁠sources.

Management and union last month reached a pay deal under which Samsung is ‌expected to set aside about 10.5% of its operating profit for special bonuses ‌for the chip division in the form of stocks, sparking concerns over ⁠inequality at the company.

Samsung is estimated to have to ‌spend 154 trillion won on the bonus, including 40% in taxes, Yonhap said. (Reuters)

Wipro Partners with Palo Alto Networks to Deliver AI-Powered Cyber Defense

Wipro Limited 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.

The partnership brings together Palo Alto Networks’ Cortex XSIAM with CyberShieldSM, Wipro’s managed security services capabilities in a more focused offering for modern security operations. The new offering will deliver proactive cyber defense with simplified workflows using machine learning, AI, and automation to predict and protect against future attacks. It will enable faster detection and response across complex environments, while filtering signals from noise, improving analyst efficiency, and increasing focus on critical, high-impact threats.

This offering is supported by Wipro’s WEGA and WINGS, AI delivery platforms that are a part of Wipro Intelligence™, suite of AI-powered platforms, solutions, and transformative offerings for workflow orchestration, service transition, and automation at scale across security operations.

HDFC Mutual Fund Launches HDFC Nifty Auto Index Fund

HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses, has launched HDFC Nifty Auto Index Fund (the “Scheme”), an open-ended scheme that seeks to provide investors an opportunity to participate in India’s automobile and auto ancillary growth story through a passive investment strategy. The New Fund Offer (NFO) opened on June 22, 2026 and closes on July 3, 2026.

India’s automobile sector remains a key pillar of the country’s economic growth, manufacturing expansion, employment generation, and export competitiveness. The Scheme will invest in the constituents of the Nifty Auto Index (TRI), which comprises leading companies across passenger vehicles, two-wheelers, commercial vehicles, auto components, and related segments of the automobile ecosystem. The index currently consists of 15 stocks selected from the Nifty 500 universe and is designed to reflect the performance of India’s automobile sector.

Colin Shah, MD, Kama jewelry, on performance outlook of Gold and Indian jewellery exports during CYH2 2026

Currently, the yellow metal is trading in a tense environment, and after undergoing an economic turmoil for almost the entire H1 and a correction of ~15% in USD terms, gold performance is expected to gradually get back on track in H2, provided there is a concretized peace deal in place. Traditionally, gold prices do witness an upward swing during the August to October phase, given the festive season, along with the holiday season in the West. However, amid the optimism, it remains crucial to wait and watch how the situation unfolds.

The Indian jewellery exports are expected to be cautiously optimistic. While the sector is likely to face pressure from high gold prices, leading to some softening of demand in both international and domestic markets, India’s prowess will be reflected in the diversification of markets through new FTAs that will support recovery momentum alongside the demand revival in mainstream export destinations. We shall witness a rise in demand for lightweight studded jewellery, given the conservative yet excited buying behaviour of customers.

Bajaj Capital Begins Its Next Growth Chapter Under Jai Bajaj’s Leadership

Bajaj Capital today announced its next phase of growth under the leadership of Jai Bajaj, who took over as Managing Director & CEO effective April 1. The leadership transition marks a significant milestone for the company as it builds on its 60+ years of legacy of trust while accelerating its transformation into a technology-enabled, insight-driven financial advisory organization.

Sharing his vision, Jai Bajaj, Managing Director & CEO, Bajaj Capital, said, “Bajaj Capital was built by my grandfather K.K. Bajaj’s pioneering vision of bringing financial planning to Indian families at a time when the concept was still emerging in the country. My father, Rajiv Bajaj, built on this foundation with a vision to take Bajaj Capital beyond financial well-being towards a more holistic approach covering financial security, health, wellness, and longevity. As we enter the next phase of our journey, our focus is on bringing this vision to life by combining decades of trust, human expertise, technology, data, and AI to create more personalized and meaningful experiences for our customers.

Financial planning today is no longer simply about managing money or products; it is about understanding people’s life journeys and helping them achieve their most important milestones with confidence and clarity. Our vision is to become a lifelong partner supporting customers through every stage of their journey.”

NIIT Launches Comprehensive AI Solutions to Build the AI-Ready L&D Enterprise

NIIT Learning Systems Limited (Ticker Symbol: NIITMTS), a global leader in managed learning services today announced the launch of a comprehensive set of AI solutions designed to help enterprises build the AI-ready L&D organization. Unified under a single framework, the portfolio brings together four integrated solution areas that together equip learning functions to operate, scale, and lead in an environment increasingly shaped by AI.

Market wrap by Ankur Punj, MD & Business Head at Equirus Wealth

Markets witnessed a rout due to weak global cues, as the slump in the South Korean benchmark index coupled with lingering concerns over the lack of progress in the West Asia peace deal triggered massive selling in IT, banking, metals and telecom stocks. Renewed fears of an upsurge in crude oil prices after the recent fall also prompted investors to prune their equity bets. If inflation ascends due to higher crude oil prices, concerns over a US Fed interest rate hike over the next few months could lead to extended FII fund outflows from India.

Day Trading Guide for June 24, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for June 24, 2026: Intraday supports, resistances for Nifty50 stocks

Explore key intraday supports and resistances for Nifty50 stocks with actionable trade recommendations in this day trading guide.