Market News

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.

Tech Mahindra Breaks Above 20-Day Moving Average

Tech Mahindra's share price has climbed above its 20-day simple moving average, according to market reports. The move signals potential bullish momentum for the Indian IT services company's stock.

BPCL Breaks Above 100-Day Moving Average in Indian Trading

Bharat Petroleum Corporation Limited (BPCL) share price has surpassed its 100-day simple moving average (SMA), according to market reports. The move signals a potential shift in the stock's technical momentum and may attract investor attention in Indian equities.

Wipro Shares Decline Significantly in Indian Market Trading

Wipro's stock price experienced a notable decline during market trading on the Indian exchange. The movement reflects broader volatility in technology sector equities and investor sentiment shifts in the IT services space.

SBI Share Price Shows Impressive Monthly Growth Trajectory

State Bank of India's shares have demonstrated notable positive momentum over the recent monthly period, according to market reports. The performance underscores continued investor confidence in India's largest lender amid broader financial sector dynamics.

SK Hynix surges 12% on $29 billion US listing plan

SK Hynix shares jumped as much as 12% following the memory chipmaker's announcement of plans for a $29 billion US listing, which is expected to boost valuations and attract greater foreign investor interest. The company intends to use listing proceeds for capacity expansion and advanced chipmaking equipment acquisition.

CLSA, Morgan Stanley initiate coverage on Vedanta, Adani Enterprises

Leading brokerages CLSA and Morgan Stanley have initiated coverage on Vedanta Aluminium and Adani Enterprises respectively, with upside targets suggesting returns of 16% to 18.5%. The initiations reflect analyst confidence in both companies' growth trajectories, driven by favourable market cycles and major project execution.

Tech Selloff Drags Nasdaq, S&P 500 Lower in Volatile Trading

The Nasdaq and S&P 500 declined during a volatile session as technology stocks retreated amid valuation concerns and questions about artificial intelligence spending levels. The Dow Jones Industrial Average bucked the trend and finished higher, while falling crude prices supported airline and travel sector gains.

Brent Crude Drops Below $75/bbl as US-Iran Peace Deal Reshapes Oil Market

Brent crude oil prices fell below $75 per barrel for the first time since the Middle East conflict began, following a finalized peace agreement between the United States and Iran. The benchmark experienced a notable 3.1 percent decline, reflecting the market's response to reduced geopolitical tensions in the region.

Indian Stock Markets Close Friday for Muharram; 16 Holidays Scheduled

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed on Friday, June 26, 2026, to observe Muharram, the Islamic New Year. The closure is one of 16 scheduled market holidays for 2026, with MCX experiencing partial closure and NCDEX shutting entirely.

Indian Stocks Slide on Profit Booking; Vedanta, Honasa, IRCTC in Focus

Indian markets declined over one percent amid global weakness, with several prominent stocks experiencing significant corporate developments including a major promoter stake sale at Vedanta, an acquisition plan at Honasa Consumer, a ransomware incident at Bajaj Auto, and leadership changes at IRCTC. These concurrent events underscore both operational challenges and strategic repositioning across Indian equities.

S&P 500 and Nasdaq decline on semiconductor selloff amid AI spending fears

Major U.S. stock indices, including the S&P 500 and Nasdaq, closed at over a week's low on Tuesday as semiconductor stocks experienced significant declines driven by investor concerns over debt-fueled artificial intelligence spending and expectations of a more hawkish Federal Reserve stance. Indian markets mirrored these global trends, with traders now pricing in a higher likelihood of a second interest rate hike by December.

Akre Criticizes Wall Street's Obsession with Marginal Earnings Beats

Renowned investor Chuck Akre has criticized Wall Street's focus on small earnings surprises, arguing the practice creates false expectations and prioritizes short-term trading over fundamental analysis. The commentary underscores how quarterly earnings expectations can distort investor behavior and divert attention from long-term business value.