More Stories

Informist, Tuesday, Jun. 16, 2026

 

By Arya S. Biju

 

MUMBAI – The benchmark equity indices closed higher, rising for the third straight session as investor sentiment improved and crude oil prices cooled after the US and Iran announced an agreement to end the war in West Asia and reopen the Strait of Hormuz, easing concern about global energy supply. The rupee remained largely stable, supporting the positive sentiment, despite caution about details of the potential peace deal and its durability. 

 

On Tuesday, the Nifty 50 index closed at 23989.15, up 135.25 points or 0.6%. The 50-stock index continued to see sharp selling at its immediate resistance of 24000 points for the second straight session. Analysts had mentioned 24000 points as an important resistance area for the index, a decisive close above which is expected to take the index further up to 24400–24600 points in the near term. The BSE Sensex settled at 76808.48, up 544.15 points or 0.7% from the previous close. Intraday, the 30-stock index rose around 1% to a one-month high of 76846.74 points.

 

The August futures contract of Brent Crude on the Intercontinental Exchange fell around 3% to an intraday low of $81 per barrel Tuesday, the first time since early March, when the West Asia war broke out. At 1547 IST, the contract was over 2% lower at $81.14 per dollar. Analysts expect prices to go down further once the final agreement between the US and Iran is signed and the Strait of Hormuz is confirmed safe for tanker movement, leading to gradual normalisation of supply flows. However, the decline in prices may be limited as countries that used their strategic petroleum reserves and inventories during the conflict are likely to begin replenishing stocks, which could provide support to crude oil prices, Swarnendu Bhushan, research analyst covering the sector at PL Capital, said in a note. 

 

Further, concern persists about the durability of the US-Iran deal and counteractions by Israel. In the latest development, Israeli Prime Minister Benjamin Netanyahu said his country's forces will continue to occupy southern Lebanon despite the US-Iran agreement, Al Jazeera reported. Meanwhile, Iran warned that any Israeli attack on Lebanon or continued occupation of its territory from now on will constitute a violation of the interim agreement with the US, according to the report.

 

In the Asian market, major stock indices closed on a mixed note after a rally in the previous session on news of the US-Iran peace deal, while investors assessed the Bank of Japan's decision to raise policy rate to the highest level in over 30 years at 1%, marking the first rate hike in the country since December.

 

"The strong macro headwind of rising Bank of Japan deficit is no longer a serious issue plaguing the economy," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. "The sharp correction in Brent crude to below $84 (per barrel) and stability in the rupee have the potential to impart resilience to the market," he added.

 

In the broader market, all indices underperformed the benchmarks, ending 0.4-0.6% higher. Most sectoral indices except the Nifty PSU Bank, Nifty Pharma, Nifty Auto, Nifty Healthcare, and Nifty Metal, ended in positive territory, led by Nifty Realty and Nifty IT. Metal stocks remained under pressure, arresting a sharp rise in the Nifty 50 index.  

 

Shares of aluminium companies such as Hindalco Industries, National Aluminium Co., and Vedanta Aluminium Metal declined 3-5% Tuesday as prices of the non-ferrous metal are seen falling more with the US and Iran reaching an interim agreement to end the war and reopen the Strait of Hormuz, easing supply worries, analysts said. Weakness was visible across the sector, with most metal stocks trading in the red and the Nifty Metal index falling 1.6% to 12881.50 points.

 

Shares of quick-service-restaurant firms Devyani International and Sapphire Foods India rose 2.5% and 4.7%. respectively, after the National Stock Exchange and BSE issued observation letters for their proposed merger, allowing them to proceed with the next stage of the transaction. The proposed scheme of merger remains subject to other statutory and regulatory approvals, including approvals from shareholders and creditors, Devyani International said in an exchange filing Monday. 

 

Shares of wind energy companies Suzlon Energy and Inox Wind rose 4.1% and 1%, respectively, after Union Minister for New and Renewable Energy Pralhad Joshi asked the Wind Independent Power Producers Association and the Indian Wind Turbine Manufacturers Association to submit a detailed assessment of ageing wind turbines across the country that can be repowered, according to reports. The minister has asked for the assessment within the next 30 days. The minister also highlighted India's record wind capacity addition and outlined ambitious growth targets for the sector.

 

Information technology major HCL Technologies rose 3.6% and was the top-gaining Nifty 50 stock on the day. Shares of the company rose after it announced an investment of INR 14.27 billion in artificial intelligence startup Sarvam AI by acquiring 10.5% stake in the latter, which is seen as a positive move by multiple brokerage firms. The company's move to lead Sarvam AI's $300-million funding round by taking a minority stake gives it a strategic advantage to lead the India market with AI-led solutions, C. Vijayakumar, chief executive officer and managing director of HCL Tech, said in an interview with Moneycontrol.

 

Tata Consumer Products was another top performer in the Nifty 50 index. It rose after global brokerage Citi maintained its bullish view on the stock, highlighting resilient demand trends, strong growth outlook, and scope for further margin expansion despite some near-term cost pressures. Commodity costs will remain largely benign in the near term, allowing the company to pursue calibrated pricing action rather than broad-based price hikes, Moneycontrol reported, citing Citi.

 

Among laggards, shares of General Insurance Corp. of India fell over 7% after the government launched an offer for sale to divest up to 5% equity in the company at a floor price of INR 352, a discount of over 9% to the stock's closing price Monday. The government is offering up to 35.09 million shares of the company, representing 2.0% of the paid-up equity shares initially. It will have the option to offer an additional 52.63 million shares, representing 3.0% of the capital, on oversubscription, the company said.

 

* Of the Nifty 50 stocks, 29 rose, 21 fell

* Of the Sensex stocks, 20 rose, 10 fell

* On the NSE, 1,956 stocks rose, 1,356 fell, and 104 were unchanged

* On the BSE, 2,368 stocks rose, 1,886 fell, and 153 were unchanged
* Nifty Realty: up 2.3 %; Nifty IT: up 1.8%; Nifty Metal: down 1.6%

---

BSE                                              NSE

Sensex: 76808.48, up 544.15 points, or 0.7%     Nifty 50: 23989.15, up 135.25 points, or 0.6%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 94.56

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta and Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.