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Informist, Thursday, Jun. 18, 2026

 

By Arya S. Biju

 

MUMBAI – Domestic frontline indices ended higher after swinging between gains and losses for most of the session, supported by a fall in crude oil prices after the US and Iran signed an interim peace deal to end the war Wednesday. However, the optimism around the peace deal was tempered by hawkish remarks from the US Federal Reserve highlighting persistent inflation risks and indication of interest rate hikes later this year, keeping the benchmark indices volatile.  

 

The Nifty 50 index closed at 24168, up 82.30 points or 0.3%. With this, the 50-stock index managed to close above the 24000 point mark for the second straight session. The BSE Sensex settled at 77409.98, up 254.36 points or 0.3%. Most of the broader market indices continued their outperformance compared to the benchmarks, with small-caps leading the gains up 0.4-0.7%. 

 

The domestic currency continued to appreciate against the dollar amid a fall in crude oil prices, supporting the risk sentiment. On Thursday, the rupee settled at INR 94.3325 per dollar compared with INR 94.5250 in the previous session. The August futures contract of Brent Crude on the Intercontinental Exchange fell as much as 3% to a low of $77.1 per barrel for the first time since early March when the West Asia war started. 

 

Most sectoral indices barring Nifty IT, Nifty Metal and Nifty Oil & Gas ended higher. Nifty Healthcare, Nifty Realty, Nifty Financial Services, Nifty PSU Bank, and Nifty Bank led the gains, up 0.7-1.0%. Shares of most information technology companies declined Thursday after the US Fed held interest rates steady in the latest policy meeting but signalled a potential hike later this year. Rising interest rates in the US are negative for domestic IT companies, which earn a significant share of their revenue from the US as this would impact discretionary spending by clients from the region. The IT index closed over 1% lower at 28466.45. Infosys, Persistent Systems, Tech Mahindra, Tata Consultancy Services, and Wipro were the worst hit, down 0.9-2.6%. 

 

Among gainers, liquor manufacturers such as United Spirits, Radico Khaitan, Allied Blenders & Distillers, Tilaknagar Industries, Associated Alcohols & Breweries, and Piccadily Agro Industries rose 0.4-3.3% as investors cheered the potential benefits of lower import duties on Scotch whisky and gin as part India-UK free trade agreement set to come into effect from Jul. 15. As per the deal, tariffs on Scotch whisky will reduce from 150% to 75% and then to 40% over next 10 years. 

 

"Most of the (liquor manufacturing) companies under over coverage such as Allied Blenders and Radico Khaitan imports scotch from UK in bulk quantity to blend with their premium liquor brands. Hence reduction in tariff will help to reduce the import cost of raw material thereby leading to improvement in gross margins and subsequent flow through to EBITDA margins," ICICI Direct Research said in report. 

 

Most textile stocks also saw buying interest after the UK-India free trade agreement, with Vardhman Textiles, Alok Industries, Arvind, Trent, and Page Industries ended 2.2–5.6% higher. The agreement will provide duty-free access for 99% of Indian exports to the UK. This will improve prospects for Indian textile and apparel companies in the UK market, according to brokerages. Also, Ursula von der Leyen, president of the European Commission, said that the trade deal between India and the European Union will also be finalised by the end of 2026, adding to bullish bets on export-focussed stocks.

 

Shares of several listed entities that hold shares of the National Stock Exchange rose Thursday after the exchange filed its long-awaited draft papers for initial public offering with the Securities and Exchange Board of India late Wednesday. Shareholders of NSE that are selling shares as part of the offer for sale, such as State Bank of India, Bank of Baroda, General Insurance Corp. of India, and The New India Assurance Co, rose 0.4-8.0%. Among other shareholders of NSE, shares of real estate company GeeCee Ventures and alloy manufacturer Maithan Alloys rose 0.6-3.6%.

 

Meanwhile, shares of IFCI fell nearly 9% as investors booked profit after NSE's IPO filing. IFCI owns a controlling stake in Stock Holding Corp. of India, which in turn, owns a 4.4% stake in the NSE. This comes after shares of IFCI rose sharply in just few months, following media reports that the long-awaited IPO of NSE will be completed in 2026. 

 

Among stocks, Max Healthcare Institute jumped over 6% and was the top gaining Nifty 50 stock. The stock rose for the second straight session, gaining over 6%. Global brokerage Citi highlighted a favourable risk-reward profile for the stock following its correction over the past year and projected strong earnings growth over the next several years, Moneycontrol reported citing the brokerage. It maintained a 'buy' call on the stock with a target price of INR 1,240, the report said.  

 

In the mid-cap space, shares of FSN E-Commerce Ventures rose 6?ter the company announced its ambitious five-year growth roadmap, targeting gross merchandise value of more than $5 billion by 2029-30 (Apr-Mar). Looking ahead to FY30, Nykaa aims to deliver 2-3 times growth in revenue, 4-5 times growth in earnings before interest, taxation, depreciation and amortisation and mid-teens EBITDA margin. Shares of Bata India rose over 16?ter the company appointed Sanjay S. Rao as the managing director and chief executive officer of the company, replacing Gunjan Shah, with effect  from Aug. 24. 

 

* Of the Nifty 50 stocks, 33 rose, 17 fell

* Of the Sensex stocks, 20 rose, 9 fell and 1 was unchanged

* On the NSE, 1,897 stocks rose, 1,382 fell, and 105 were unchanged

* On the BSE, 2,419 stocks rose, 1,814 fell, and 186 were unchanged
* Nifty Healthcare: up 1.0%; Nifty Realty: up 0.7%; Nifty IT: down 1.2%

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BSE                                              NSE

Sensex: 77409.98, up 254.36 points, or 0.3%     Nifty 50: 24168, up 82.30 points, or 0.3%

 

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 94.3325

 

Edited by Akul Nishant Akhoury

 

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