Market snapshot
Equities: Friday close
Indian benchmarks ended lower on Friday, mainly because of weakness in IT stocks. The Nifty 50 closed at 24,013.10, down 154.9 points, or 0.64%. The Sensex closed at 76,802.90, down 607.08 points, or 0.78%. Bank Nifty closed at 57,685.75, down 278.05 points, or 0.48%.
The Nifty opened with a 177-point gap down at 23,991. The pressure came from the IT index, which fell nearly 5% after Accenture cut its full-year revenue growth forecast and pointed to softer demand. The market recovered in the last 30 minutes. The Nifty moved up more than 100 points from its intraday low and managed to close the day and the week above 24,000.
Broader markets held up better than the main indices. The Nifty Midcap 150 rose 0.35%, and the Nifty Smallcap 250 rose 0.57%. The Nifty 100 fell 0.58%. Market breadth was slightly positive, with 262 advances and 238 declines in the Nifty 500. The advance-decline ratio was 1.10. India VIX rose 2.37% to 12.97, showing a mild rise in expected market volatility.
Zerodha AfterMarket Report, 19 June 2026 close.
Sectors: Pharma and energy led, IT was weakest
Six of the twelve sectoral indices closed higher. Pharma and Energy were the strongest sectors. Pharma rose 0.73%, and Energy rose 0.22%. IT was the weakest sector, down 3.65%, followed by Realty, down 1.01%.
Zerodha AfterMarket Report, 19 June 2026 close.
F&O movers
BDL, GVT&D, and AUROPHARMA were the top gainers in the F&O list. INFY, LTM, and ICICIPRULI were the top losers.
Zerodha AfterMarket Report, 19 June 2026 close.
Commodities: Crude and natural gas rose, gold and silver fell
On MCX, precious metals closed lower. Gold fell 1.49% to ₹1,47,088 per 10 grams, and silver fell 1.87% to ₹2,33,125 per kg.
Energy commodities moved up. Crude oil rose 1.76% to ₹7,178 per barrel, and natural gas rose 0.16% to 303.7.
Base metals were mixed. Copper, zinc, lead, and nickel fell, while aluminium rose.
Zerodha AfterMarket Report, 19 June 2026 close
Currency and bond yields
USD/INR Futures settled at ₹94.3850, down 0.0625.
Indian bond yields moved up. The 2-year yield rose 5 bps to 6.131%, the 5-year yield rose 1 bp to 6.497%, and the 10-year yield rose 2 bps to 6.859%. A basis point, or bp, is one-hundredth of a percentage point.
US yields from the prior session moved lower. The US 2-year yield fell 1 bp to 4.190%, and the US 10-year yield fell 3 bps to 4.460%.
Zerodha AfterMarket Report, 19 June 2026 close
Institutional flows
On 18 June 2026, FIIs were net sellers of ₹1,025 crore. DIIs were net buyers of ₹3,517 crore. Together, institutional flows were net positive by ₹2,492 crore.
FII buying was ₹14,612 crore, while FII selling was ₹15,637 crore. DII buying was ₹16,163 crore, while DII selling was ₹12,646 crore.
Zerodha AfterMarket Report; NSE India.
Macro
Semiconductors: Government plans ₹7,100 crore in chip incentives
The government plans to disburse ₹7,100 crore in semiconductor incentives in FY27 under the Modified Programme for Development of Semiconductor and Display Manufacturing Ecosystem.
The incentives will help one fabrication unit, nine manufacturing facilities, and 30 design firms. The programme is expected to attract about ₹15,000 crore in fresh investment and create around 4,700 jobs.
Mint, 22 June 2026
Forex reserves: India’s reserves fall by $9.99 billion
India’s foreign exchange reserves fell by $9.99 billion to $671.63 billion in the week ended June 12. This was a sharper fall than the previous week’s decline.
The RBI said the fall was mainly because of a decline in gold reserves.
Mint; RBI, 22 June 2026
Liquidity: Money market rates harden
Money market rates rose to 5.37% from an average of 5.16% a week earlier. The rise happened because surplus liquidity in the banking system fell after advance tax payments.
Banking system liquidity fell to ₹4,772 crore as of June 17. This was the lowest level in the current financial year. A week earlier, the system had a surplus of around ₹1.7 lakh crore.
When liquidity falls, short-term borrowing rates can rise because banks and market participants have less surplus cash available.
Mint, 22 June 2026
Buybacks: SEBI approves return of open-market share buybacks
SEBI has approved the return of open-market share buybacks from August 1, 2026.
Companies will have to complete buybacks within 66 days and use at least 40% of the proposed buyback amount.
A share buyback happens when a company buys its own shares from the market. This can reduce the number of shares outstanding and may improve per-share metrics if earnings remain stable.
Mint, 22 June 2026
Crude: Russian oil share rises to around 50% of India’s imports
India’s imports of Russian crude are averaging 2.66 million barrels per day in June. This is nearly 40% higher than May. It has lifted Russia’s share of India’s oil purchases to about 50%.
The UAE is India’s second-largest crude supplier in June at about 636,000 barrels per day. Saudi Arabia is third at 384,000 barrels per day.
Mint; Kpler, 22 June 2026.
Mint; Kpler, 22 June 2026
Trade policy: Goyal comments on exports and FTAs
Commerce minister Piyush Goyal said India’s merchandise exports rose about 15% during April-June 14 despite 50% US tariffs.
He also said India will not implement the US trade agreement until it secures a competitive tariff edge over competing nations. The India-EU FTA is expected to be signed by December and implemented around February-March 2027.
An FTA, or free trade agreement, can reduce tariffs and other trade barriers between countries. For exporters, lower tariffs can make products more competitive in foreign markets.
Mint, 22 June 2026
Digital policy: Delhi High Court upholds Telegram block
In a 19 June order, the Delhi High Court upheld the Centre’s temporary block of Telegram ahead of the NEET-UG re-examination. The block was in effect until 22 June.
The court held that Section 69A of the IT Act gives the government the power to block an entire platform, not only specific content.
As per information shared in Parliament in March, the government has blocked 652 mobile apps under Section 69A.
Mint; Delhi High Court, 22 June 2026
Corporate action and earnings
Reliance and Jio Platforms
Reliance Industries approved the DRHP for the IPO of Jio Platforms, its digital services arm. Chairman Mukesh Ambani announced at the AGM that the draft papers would be filed with SEBI.
Jio Platforms filed its DRHP to issue 270 million new shares. This would reduce Reliance’s ownership from 66.43% to 64.5%. The IPO aims to raise about ₹35,000 crore and could become India’s largest IPO.
The company plans to use around ₹27,500 crore from the proposed IPO to repay debt. Jio Platforms’ net debt fell to ₹27,579 crore in FY26 from ₹45,273 crore a year earlier.
Mint; Zerodha AfterMarket Report, 22 June 2026.
Mint; Zerodha AfterMarket Report, 22 June 2026
Indian IT and Accenture
Indian IT stocks fell after Accenture cut its full-year revenue growth forecast and pointed to softer demand.
The sell-off pulled Nifty IT down nearly 6% during the day. It later recovered some losses and closed 3.65% lower.
Zerodha AfterMarket Report, 19 June 2026 close
SBI
SBI is “seriously considering” securitizing part of its nearly ₹10 trillion home loan portfolio, chairman C.S. Setty said. The bank is looking to diversify funding beyond deposits.
At SBI, loans grew 16.9% in FY26, while deposits grew 11%. This means lending grew faster than the deposit base that usually funds a bank’s loan book.
India’s total securitization volumes grew 5% to ₹2.5 trillion in FY26, based on Icra estimates. Securitization allows a bank to pool loans and sell them to investors, which can free up capital and create another funding route.
Mint, 22 June 2026
Other corporate developments
| Company | Development |
|---|---|
| Tata Power | Tata Power received a Letter of Intent from REC Power Development and Consultancy to acquire Ryapte Power Transmission. The project carries annual transmission charges of ₹521.07 crore. |
| Kalyani Strategic Systems | Kalyani Strategic Systems, the wholly owned defence subsidiary of Bharat Forge, entered into a strategic partnership with AM General. The two companies will jointly develop and market mounted artillery gun systems for global markets. |
| VA Tech Wabag | VA Tech Wabag secured a DBO contract in Kuwait for the Doha SWRO Desalination Plant, Stage II. The contract is valued at over $150 million. It involves a 272 MLD seawater desalination plant, to be completed within 36 months. |
| Agratas | Agratas, the Tata group’s EV battery arm, signed a seven-year supply agreement worth $530 million, or about ₹5,000 crore, with Jaguar Land Rover. The agreement begins this fiscal year. It is expected to generate about $42 million in FY27 revenue and eventually cover both NMC and LFP battery chemistries. |
| Zypp Electric | Zypp Electric is looking to raise $40-50 million in a pre-IPO round. The company aims to nearly double its valuation from about $331 million as of March 2025. Its revenue stood at ₹448.6 crore in FY25, up from ₹111.5 crore in FY24. |
Zerodha AfterMarket Report, 22 June 2026; Tracxn; Mint, 22 June 2026
Tracxn; Mint, 22 June 2026.
Corporate briefs, insurance: Critical illness cover
A critical illness policy pays a fixed lump sum when the policyholder is diagnosed with a covered condition. This is different from a regular health insurance policy, which reimburses hospitalization expenses.
Experts recommend evaluating critical illness plans on three factors:
- Illnesses covered
- Waiting periods
- Survival-period requirements
Standalone policies are generally preferred for better continuity and flexibility.
Mint Money, 22 June 2026
Upcoming events
Corporate actions: Ex-date 19 June
The following corporate actions had an ex-date of 19 June:
| Security | Corporate action |
|---|---|
| TATACOMM | Dividend: ₹17.50 |
| DBEIL | Stock split |
| INDIAMART | Dividend: ₹30 |
| HDFCBANK | Dividend: ₹13 |
| HDFCLIFE | Dividend: ₹2.10 |
| INDIASHLTR | Dividend: ₹10 |
| TMPV | Dividend: ₹3 |
| SANOFICONR | Dividend: ₹75 |
| GHCLTEXTIL | Dividend, record date 20 June |
| RPEL | Dividend |
Zerodha AfterMarket Report, 22 June 2026
Economic calendar
The week includes policy rate decisions, inflation data, and India’s core sector data.
Zerodha AfterMarket Report, 22 June 2026.
Week ahead
The week also has several corporate, policy, and global events.
- 22 June: Hyundai India to resume normal operations at its Chennai facility.
- 22-23 June: India to host the BRICS national security advisers’ meeting.
- 23 June: Infosys to hold its 45th AGM in Bengaluru.
- 23-24 June: India and the US to hold fresh trade talks.
- 24 June: Nvidia annual stockholder meeting.
- 25 June: US to release final Q1 GDP growth data.
Mint, 22 June 2026
Global pulse
Global indices
US markets closed higher in the prior session. The S&P 500 rose 1.08%, the Nasdaq rose 1.91%, and the Dow Jones rose 0.14%.
European markets were mixed. The FTSE 100 fell 0.21%, while the DAX rose 0.29% and the CAC 40 rose 0.09%.
Asian markets were also mixed. The Nikkei 225 rose 0.28%, while the Hang Seng fell 1.59%, KOSPI fell 0.13%, and SGX STI fell 0.39%.
Mint Global, 22 June 2026.
Mint Global, 22 June 2026
Japan: Nikkei posts strongest week since August 2024
Japan’s Nikkei 225 posted its strongest weekly gain since August 2024. It rose 7.9% to 71,250.06.
During the week, the index rose 1.3% to a record 71,952.99. The rally was driven by enthusiasm around AI-related stocks, which helped push the index to consecutive record highs.
Mint Global, 22 June 2026
US-Iran talks: Formal agreement remains uncertain
Prospects for a formal US-Iran agreement remained uncertain after Switzerland said scheduled Friday talks would not take place. US Vice President JD Vance also cancelled his planned trip.
As per Mint’s reporting on Sunday’s talks at Buergenstock, Iran said it had again shut the Strait of Hormuz. Iran argued that Washington had failed to stop fighting in Lebanon. US officials disputed that the strait was closed.
President Donald Trump threatened to restart war with Iran even as Vance met Iranian officials under the interim peace deal. Trump warned that the US would “hit Iran very hard again” if Iran did not stop its proxies in Lebanon.
Mint Global, 22 June 2026
Oil and currency: Brent near $80, yen near multi-decade low
Brent crude rose to around $80 per barrel after the planned US-Iran talks were cancelled and Israel continued strikes in Lebanon. The August Brent contract closed at $80.57 on Friday, up 0.9%.
Even with this rise, oil was still on track for a steep weekly decline because shipping conditions in the Strait of Hormuz had improved.
The US dollar stayed firm. It rose as high as 161.8 against the Japanese yen, approaching a two-year high. This put the yen on track for its weakest level against the dollar since 1986.
Mint Global, 22 June 2026
Ukraine: Drone attacks hit Russian refineries
Ukraine is striking Russian oil refineries with long-range drones. The attacks have led to fuel rationing across 53 regions.
Outside analysts estimate that the attacks have knocked more than 20% of Russian refining capacity offline.
Mint Global; IEA, 22 June 2026
Management chatter
Akash Ambani on AI affordability
“Reliance Intelligence will disrupt AI economics by making it dramatically more affordable for every Indian by the end of the decade, similar to how Jio made data affordable.”Akash Ambani, Chairman, Reliance Jio Infocomm Ltd
Zerodha AfterMarket Report; Mint
Mukesh Ambani on oil-to-chemicals
“In the long run, we will convert all the oil we refine into chemicals and new materials. This transformation will fundamentally improve the quality, resilience, and value of our earnings.”Mukesh Ambani, Chairman and MD, Reliance Industries
Zerodha AfterMarket Report; Mint
David Roche on the AI investment cycle
“AI is… a bubble. Not because it is not a good product, but because the amount of money being poured into it is not rational and will not be remunerated by profits.”David Roche, Quantum Strategy
Zerodha AfterMarket Report; Mint
The day at a glance
| Indicator | Reading |
|---|---|
| Nifty 50 | 24,013.10, down 0.64% |
| BSE Sensex | 76,802.90, down 0.78% |
| Bank Nifty | 57,685.75, down 0.48% |
| India VIX | 12.97, up 2.37% |
| Nifty IT | down 3.65% |
| Pharma | up 0.73% |
| Gold, MCX | ₹1,47,088, down 1.49% |
| Crude oil, MCX | ₹7,178, up 1.76% |
| FII net | −₹1,025 crore |
| DII net | +₹3,517 crore |
| Combined net | +₹2,492 crore |
| Forex reserves | $671.63 billion, down $9.99 billion |
| Russian crude share | About 50% of India’s oil imports |
| Jio Platforms IPO | Aims to raise about ₹35,000 crore |
| Brent crude, August | $80.57, up 0.9% |
Zerodha AfterMarket Report, 19 June 2026 close; Mint, 22 June 2026
Closing thought
“Be fearful when others are greedy and greedy when others are fearful.”Warren Buffett
Compiled from: Zerodha AfterMarket Report, 19 June 2026 close; Mint, 22 June 2026; and The Economic Times, Bengaluru, 21 June 2026. DayStarter by Devraj is a news aggregation for finance students and professionals. This is not investment advice. Markets data reflects Friday, 19 June 2026 close. Market data sourced via NSE, BSE and MCX.