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What is the story about?
Nifty nears milestone
Bulls stayed firmly in control on Dalal Street for a third straight day, with IT stocks powering benchmark indices closer to the 24,000 mark. While foreign investors resumed selling after a brief respite, a sharp drop in Brent crude below $81 a barrel offered a silver lining, easing concerns around inflation and India's import bill.
Closing Bell | Bulls rule the roost as IT stocks lead charge; Nifty eyes 24,000
Indian equities ended higher for a third consecutive session on Tuesday, with benchmark indices closing near the day's high amid gains in IT stocks, select energy names and broader market counters.
General Insurance Corporation of India
Also Read: Rupee strengthens to 94.61 against dollar as US-Iran deal keeps oil prices subdued
FIIs resume selling after one-day pause; DIIs remain largely absent on June 16
Foreign investors (FIIs/FPIs) returned to selling Indian equities on Tuesday, offloading shares worth ₹749.18 crore on a provisional basis. Domestic institutional investors (DIIs), meanwhile, remained largely on the sidelines, recording net purchases of just ₹0.06 crore.
Read More
Brent crude oil falls below $81/barrel for first time since March: What's behind the move?
Brent crude fell below $81 per barrel on Tuesday, June 16, extending its recent decline and touching its lowest level since March 4, as easing geopolitical tensions in West Asia and expectations of higher oil supplies weighed on prices.
Read More
Also Read: Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT
The Setup for Tomorrow
As markets look ahead to Wednesday's session, investors will track key stock-specific developments, including updates from Tata Motors, Wipro, DOMS Industries and GIC Re. On the macro front, traders will watch whether the Nifty can decisively breach the 24,000 mark, while a likely meeting between Prime Minister Narendra Modi and US President Donald Trump at the G7 Summit could also remain in focus amid ongoing trade and geopolitical discussions.
Stocks to Watch for June 17: Tata Motors PV, DOMS Industries, Wipro, GIC Re and more
Tata Motors eyes FY27 PV growth as JLR prepares for Investor Day. Wipro opens an Anthropic Claude AI centre, Bharat Forge unveils Simha 4x4, FILA plans to cut DOMS stake, and GIC Re OFS is oversubscribed. Here are few stocks to watch ahead of Wednesday’s session.
Read More
Nifty outlook for June 17: Bulls retain control amidst resistance at 24,000
The Nifty struggled to cross the immediate resistance zone of 24,000-24,100 for most of the day. However, analysts say that a sustained move above the 24,000-24,100 zone could pave the way for a rally towards 24,500 in the near term
Read More
Modi, Trump expected to meet at G7 amid trade tensions and US vessel strike row
Prime Minister Narendra Modi is expected to meet US President Donald Trump on the sidelines of the G7 Summit in France on June 17, marking their first in-person meeting since India's Operation Sindoor and the subsequent strains in India-US ties.
Read More
From Trump’s G7 push to GIC Re demand surge
Global and domestic developments kept investors busy on Tuesday, with US President Donald Trump using the G7 summit to push diplomatic efforts on Iran and Ukraine, while SpaceX’s rally lifted its valuation closer to the world’s most valuable companies. Back home, the government’s GIC Re stake sale saw strong demand, prompting a full greenshoe exercise, while the Centre tightened rules for cough syrup sales amid growing drug safety concerns.
After taking Iran deal to G7 summit, Trump eyes ending Ukraine war
US President Donald Trump joined global leaders on Monday at the Group of Seven summit at a French lakeside resort, where he touted his preliminary deal to end the Iran war and said he would now seek to end the fighting in Ukraine and Lebanon.
Read More
SpaceX market cap tops Amazon, nears Microsoft as blockbuster IPO rally extends
SpaceX's blistering post-IPO rally showed little sign of slowing on Tuesday, with shares surging nearly 10% and briefly pushing the company's market value above Microsoft.
Read More
GIC Re OFS: Govt exercises greenshoe option after strong demand, to sell 5% stake
The government's stake sale in General Insurance Corporation of India (GIC Re) got off to a strong start on Tuesday, with the Offer for Sale (OFS) being subscribed 3.72 times on the first day itself.
Read More
Cough syrup sale rules changed amid contamination concerns; prescription now a must
The Centre has amended the Drugs Rules, 1945, removing syrups from the categories covered under Schedule K. The Union Health Ministry said the decision was taken in view of contaminated cough syrup cases and concerns about drug safety.
Read More
We will meet you again on Wednesday with another engaging Top 10@10
Bulls stayed firmly in control on Dalal Street for a third straight day, with IT stocks powering benchmark indices closer to the 24,000 mark. While foreign investors resumed selling after a brief respite, a sharp drop in Brent crude below $81 a barrel offered a silver lining, easing concerns around inflation and India's import bill.
Closing Bell | Bulls rule the roost as IT stocks lead charge; Nifty eyes 24,000
Indian equities ended higher for a third consecutive session on Tuesday, with benchmark indices closing near the day's high amid gains in IT stocks, select energy names and broader market counters.
General Insurance Corporation of India
Also Read: Rupee strengthens to 94.61 against dollar as US-Iran deal keeps oil prices subdued
FIIs resume selling after one-day pause; DIIs remain largely absent on June 16
Foreign investors (FIIs/FPIs) returned to selling Indian equities on Tuesday, offloading shares worth ₹749.18 crore on a provisional basis. Domestic institutional investors (DIIs), meanwhile, remained largely on the sidelines, recording net purchases of just ₹0.06 crore.
Read More
Brent crude oil falls below $81/barrel for first time since March: What's behind the move?
Brent crude fell below $81 per barrel on Tuesday, June 16, extending its recent decline and touching its lowest level since March 4, as easing geopolitical tensions in West Asia and expectations of higher oil supplies weighed on prices.
Read More
Also Read: Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT
The Setup for Tomorrow
As markets look ahead to Wednesday's session, investors will track key stock-specific developments, including updates from Tata Motors, Wipro, DOMS Industries and GIC Re. On the macro front, traders will watch whether the Nifty can decisively breach the 24,000 mark, while a likely meeting between Prime Minister Narendra Modi and US President Donald Trump at the G7 Summit could also remain in focus amid ongoing trade and geopolitical discussions.
Stocks to Watch for June 17: Tata Motors PV, DOMS Industries, Wipro, GIC Re and more
Tata Motors eyes FY27 PV growth as JLR prepares for Investor Day. Wipro opens an Anthropic Claude AI centre, Bharat Forge unveils Simha 4x4, FILA plans to cut DOMS stake, and GIC Re OFS is oversubscribed. Here are few stocks to watch ahead of Wednesday’s session.
Read More
Nifty outlook for June 17: Bulls retain control amidst resistance at 24,000
The Nifty struggled to cross the immediate resistance zone of 24,000-24,100 for most of the day. However, analysts say that a sustained move above the 24,000-24,100 zone could pave the way for a rally towards 24,500 in the near term
Read More
Modi, Trump expected to meet at G7 amid trade tensions and US vessel strike row
Prime Minister Narendra Modi is expected to meet US President Donald Trump on the sidelines of the G7 Summit in France on June 17, marking their first in-person meeting since India's Operation Sindoor and the subsequent strains in India-US ties.
Read More
From Trump’s G7 push to GIC Re demand surge
Global and domestic developments kept investors busy on Tuesday, with US President Donald Trump using the G7 summit to push diplomatic efforts on Iran and Ukraine, while SpaceX’s rally lifted its valuation closer to the world’s most valuable companies. Back home, the government’s GIC Re stake sale saw strong demand, prompting a full greenshoe exercise, while the Centre tightened rules for cough syrup sales amid growing drug safety concerns.
After taking Iran deal to G7 summit, Trump eyes ending Ukraine war
US President Donald Trump joined global leaders on Monday at the Group of Seven summit at a French lakeside resort, where he touted his preliminary deal to end the Iran war and said he would now seek to end the fighting in Ukraine and Lebanon.
Read More
SpaceX market cap tops Amazon, nears Microsoft as blockbuster IPO rally extends
SpaceX's blistering post-IPO rally showed little sign of slowing on Tuesday, with shares surging nearly 10% and briefly pushing the company's market value above Microsoft.
Read More
GIC Re OFS: Govt exercises greenshoe option after strong demand, to sell 5% stake
The government's stake sale in General Insurance Corporation of India (GIC Re) got off to a strong start on Tuesday, with the Offer for Sale (OFS) being subscribed 3.72 times on the first day itself.
Read More
Cough syrup sale rules changed amid contamination concerns; prescription now a must
The Centre has amended the Drugs Rules, 1945, removing syrups from the categories covered under Schedule K. The Union Health Ministry said the decision was taken in view of contaminated cough syrup cases and concerns about drug safety.
Read More
We will meet you again on Wednesday with another engaging Top 10@10
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