Market News

Indian Stock Markets Closed June 26 for Muharram Holiday

Indian stock exchanges NSE and BSE will remain closed on June 26, 2026, observing the Muharram holiday, while commodity markets follow differentiated schedules with MCX operating evening sessions and NCDEX remaining shut. The closure is part of a series of scheduled exchange holidays throughout 2026 that investors should note for trading planning.

Nuvama's Ranka flags jewellery, defence, and banks as India equity picks

Nuvama Asset Management's Nikhil Ranka has identified jewellery, defence, and banking as sectors offering compelling investment opportunities in India's equity markets, while cautioning that retail valuations appear stretched and textiles have already undergone significant re-rating. The analysis suggests selective positioning across multiple sectors as tailwinds converge, particularly in banking recovery.

Vodafone Idea Shares Surge 80% in Three Months Amid Restructuring

Vodafone Idea's shares have rallied approximately 80% over less than three months, driven by reduced financial dues and promoter backing, according to recent market reports. While the surge has attracted trader interest, industry observers warn that persistent structural challenges make this primarily a short-term trading opportunity rather than a sustainable long-term investment.

Retail Investors Fuel Wendy's Stock Rally Amid Activist Pressure

Wendy's shares surged nearly 29% as retail investors drove heavy trading volume in the fast-food chain, with the stock trending on social media platforms like Stocktwits and Reddit. The rally echoes the 2021 meme stock phenomenon and arrives as the company grapples with sluggish sales and activist pressure.

Indian Multibaggers Surge Despite Muted Nifty Performance

Several Indian stocks have delivered multibagger returns this year despite a subdued Nifty index, driven by resilient corporate earnings and company-specific growth factors, particularly in small and mid-cap segments. While near-term headwinds including rising costs and potential earnings revisions persist, analysts maintain a manageable outlook for FY27 amid expectations of easing geopolitical tensions.

Six Indian stocks surge as FIIs reverse selling, Bajaj Consumer Care up 265%

Foreign institutional investors reversed their selling positions in six Indian stocks, with Bajaj Consumer Care leading gains at 265% following increased FII stakes. The shift underscores a strategic reallocation by institutional investors after an initial market pullback.

Sensex gains 400 points as oil prices cool below $73

Indian stock markets rallied on Thursday with the Sensex climbing 400 points and Nifty rising above 24,100, driven by falling oil prices that boosted investor sentiment. Major gainers included IndiGo, M&M, Maruti Suzuki, and TCS, with real estate and auto sectors leading the advance.

Gold, Silver Plunge on Rate Hike Fears and Dollar Strength

Gold and silver prices declined sharply on India's MCX exchange over two consecutive trading sessions, with gold falling approximately Rs 6,000 per 10 grams and silver dropping Rs 15,500 per kilogram, driven by a stronger US dollar and expectations of interest rate increases. Market analysts have cautioned investors about continued volatility ahead and recommended exercising caution at current price levels.

China's Future Industries Investment Boom Stirs Valuation Bubble Concerns

China is experiencing a surge in venture capital flowing into emerging technology sectors including space, quantum computing, and artificial intelligence, with even pre-revenue startups securing substantial funding. The investment wave, supported by government backing and new listing rules that ease market access, has raised questions about potential valuation overheating in these strategic sectors.

Five NSE F&O stocks show sharp open interest surge as traders build positions

Five NSE F&O stocks—Oracle Financial Services, IndiGo, IRFC, Swiggy, and Avenue Supermarts—experienced sharp open interest build-up on June 24, indicating increased trader participation and fresh futures positioning. The surge signals heightened market activity and renewed interest in these equities among derivatives traders.

AI Chip Rally Reignites as Micron, Qualcomm Forecasts Boost Market

Chip stocks surged on Wednesday, adding over $400 billion in market value following optimistic forecasts from Micron Technology and Qualcomm regarding memory chips and data center growth. The positive guidance reignited investor confidence in AI-related hardware and infrastructure investments, lifting rival chipmakers and equipment suppliers.

CSM Technologies IPO Shows Modest Momentum With 4% GMP on Day 2

CSM Technologies' initial public offering entered its second day with a grey market premium of 4%, indicating subdued listing sentiment as the issue achieved only 26% subscription on Day 1. The Rs 145.78 crore offering attracted strong retail and non-institutional investor interest but lacked qualified institutional buyer participation, with bidding open until June 29 at the Rs 107–113 price band.

IRFC OFS Opens for Retail Investors at Rs 91 Per Share

Indian Railway Finance Corporation's Rs 2,212 crore offer for sale opened to retail investors today at a floor price of Rs 91 per share, with the government continuing its disinvestment program across public sector undertakings. The offering, which was already oversubscribed among institutional investors, includes a greenshoe option for additional flexibility.

India water stocks surge 45% on AI data center cooling demand

India's water sector stocks, including Shakti Pumps and VA Tech Wabag, have jumped up to 45% in a month, driven by increased government funding for water infrastructure and rising demand from data centers for cooling purposes. The rally reflects expectations around wastewater treatment and recycling growth, though analysts note current valuations embed future optimism rather than present earnings.

South Korea's Kospi surges 6% as chip stocks stage comeback

South Korea's KOSPI index surged as much as 6% to an intraday high of 8,982, extending gains for a second consecutive session and recovering from earlier weekly losses. The rally follows a sharp 10% decline earlier in the week that was driven by a selloff in domestic chip stocks.

Silver Plunges 14% to Seven-Month Low Amid Rate Cut Retreat

Silver prices have fallen as much as 14% this week to hit a seven-month low, driven by fading expectations of US Federal Reserve rate cuts and rising bond yields. Cooling geopolitical tensions have further reduced safe-haven demand for the precious metal, pushing it to trade at less than half its January all-time high levels.

Advit Jewels IPO Final Day Shows 38% GMP on Strong Retail Demand

Advit Jewels' initial public offering enters its final subscription day with a grey market premium indicating potential 38% listing gains, driven by robust retail and non-institutional investor participation. The fully fresh issue, targeting debt reduction and working capital, shows strong overall subscription levels despite moderate qualified institutional buyer demand.

Tech Mahindra, 6 Largecaps Flash Bullish RSI Signals

Seven largecap stocks on India's NSE, including Tech Mahindra, showed bullish technical momentum on June 24 as their Relative Strength Index (RSI) moved above the 50 level. The development signals strengthening price action and potential short-term buying opportunities for traders following momentum-based strategies.

Adani Ports SEZ Falls Below 20-Day Moving Average

Adani Ports SEZ shares have dropped below their 20-day Simple Moving Average, according to market updates. The breach of this technical level may signal weakening momentum for the Indian port operator's stock.

Asian Paints Breaks Above 20-Day EMA Threshold

Asian Paints has moved above its 20-day exponential moving average, according to market reports, signaling a potential shift in the stock's near-term momentum. The India-listed company's price action suggests renewed buying interest among traders monitoring technical levels.