More Stories

Informist, Tuesday, Jun. 23, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Vedanta dn 7% post large deal, reports say stake sale by promoter 

 

MUMBAI--1015 IST--Shares of Vedanta fell nearly 7% to a one-month low of INR 284.45 after over 67 million shares of the company were sold in a large deal. The sale was executed at a discount of over 4%. Media reports said the stake was sold by the company's promoter Twin Star Holdings.

 

The shares were sold at INR 292.5 apiece, at a cumulative amount of INR 19.66 billion. As of Mar. 31, Twin Star Holdings held 40% stake in Vendata. In an interaction, Vedanta Chairman Anil Agarwal had said he does not mind bringing down stake in the company as long as it does well, CNBC TV-18 reported.

 

At 1010 IST, shares of Vedanta traded over 6% lower at INR 286.15. Over 117 million shares of the company changed hands on the NSE, over 29 times the number of shares traded till the same time Monday. The stock was the worst hit in both the Nifty 200 and Nifty 500 indices.  (Adhithya Aji)

---

Equity Alert: Indices turn positive after opening a tad lower; pharma cos gain

 

MUMBAI--1007 IST--Domestic frontline indices opened with marginal losses on Tuesday, awaiting clarity on progress in US-Iran peace negotiations. However, the indices turned positive soon after open with almost 30 Nifty 50 stocks trading higher. Crude oil prices, which eased to $77 a barrel, also supported the indices.

 

At 1006, the Nifty 50 was at 24122.60, up 19.70 points or 0.1%. The BSE Sensex was at 77157.93, up 63.86 points or 0.1%. Broader market indices were higher in early trade, up marginally. India VIX, the fear gauge of the equity market, hinted at easing investor nervousness. The volatility index was down nearly 1% at 12.7525.

 

Sectoral indices were mixed in early trade, with the Nifty Pharma gaining the most. The sectoral index was over 1% higher, with most of its constituents trading higher. The Nifty Healthcare was almost 1% higher. On the other hand, the Nifty IT shed the most, down over 1%, with all its constituents down. The Nifty Metal also declined over 1%, with most of its members trading lower.

 

Pharmaceutical and healthcare companies gained the most, with Dr. Reddy's Laboratories being the top gainer. The stock rose over 2% and was up for the third straight session. Sun Pharmaceutical Industries, Cipla, and Apollo Hospitals Enterprise were 0.8–1.7% higher. Laurus Labs, Torrent Pharmaceuticals, Mankind Pharma, Alkem Laboratories, Glenmark Pharmaceuticals, and Aurobindo Pharma gained 1.7-2.5% in the Nifty 200 index. Shares of Info Edge (India) were up nearly 2?ter the company invested INR 10 billion in over 50 startups since 2020.

 

Piramal Pharma and Cohance Lifesciences were the top gainers in the Nifty 500 index, up around 9?ch. Emcure Pharmaceuticals and Jubilant Pharmova were up 4–6%.

 

Information technology stocks Infosys, HCL Technologies, Tata Consultancy Services, Tech Mahindra, and Wipro were the key laggards in the Nifty 50 index, down 0.7–2.4%. The decline in IT stocks was led by the sell-off in US tech giants in the previous session. Shares of Alphabet plunged 5% Monday, following growing concerns around artificial intelligence and as two high-profile researchers exited the company for rivals in recent days, according to various news reports. Other IT giants Meta, Amazon, and Microsoft, ended 3–5% lower.

 

Metal major Hindalco Industries was among the biggest drags on the Nifty 50 index, over 2% lower and down after four straight sessions of gains. Its peers Tata Steel and JSW Steel were down 0.6–1%. Vedanta, down nearly 7%, was the biggest loser in both the Nifty 200 and Nifty 500 indices. Shares of the company fell after large deals on the NSE, with reports saying the sellers were likely promoters. National Aluminium Co. and Hindustan Zinc were down 3–4%.  (Arundathi A R)

---

Equity Alert: Challenges for NBFCs ease with W Asia peace talks - Jefferies

 

MUMBAI--0839 IST--Global brokerage Jefferies is of the view that sectoral challenges for non-banking financial companies have eased, with growth and asset quality holding up well. The overall sentiment has improved as the West Asia war shows signs of ending with the US and Iran nearing a deal, NDTV Profit reported, citing Jefferies. 

 

The growth and collection of NBFCs are well ahead of last year, Jefferies said. Softer bond yields and delayed interest rate hikes are seen supporting net interest margins. The brokerage expects healthy growth in the sector with easing credit costs and range-bound net interest margins. "Valuations have rebounded from post-conflict lows but are near average," Jefferies said. 

 

A weak monsoon and El Nio effects are the major risks Jefferies sees for NBFCs ahead. Diversified NBFCs are better placed in the near term, it said. Jefferies prefers Bajaj Finance, Aditya Birla Capital, Cholamandalam Investment and Finance Co., and Shriram Finane in the NBFC universe. On Monday, shares of Nifty 50 constituents Bajaj Finance and Shriram Finance closed nearly 1% higher and 1% lower, respectively. Aditya Birla Capital ended over 4% higher and Cholamandalam Investment and Finance Co. closed nearly 2% higher.  (Adhithya Aji)

---

Equity Alert: Indices may open largely flat as market assesses US-Iran talks

 

MUMBAI--0835 IST--The benchmark equity indices may open largely flat or marginally up as investors assess the progress in the peace negotiations between the US and Iran. While easing crude oil prices are seen supporting the positive sentiment, expectations of a poor southwest monsoon continue to be a key concern as a prolonged delay could add to inflationary pressures and affect demand across sectors related to agriculture.

The August futures contract of Brent Crude on the Intercontinental Exchange inched up slightly to $78.2 per barrel early Tuesday amid mixed signals from the US-Iran talks and concern over progress of oil tankers moving through the Strait of Hormuz. Both US and Iranian officials described the first round of negotiations, which ended Monday, as constructive, though differences remain. US Vice-President J.D. Vance said Iran had agreed to allow international nuclear inspectors into the country, a claim Tehran subsequently disputed.

 

Further, there is concern that the surge in oil tankers passing through the strait may not be sustainable, Dow Jones Newswires reported, citing a report by ANZ Research. Iran said any transit would require mandatory insurance policies, which are currently free but could be charged for down the line, the analysts noted. 

 

The US Treasury Monday issued a 60-day waiver from sanctions on Iranian oil as part of the interim agreement to end the war in West Asia. The waiver includes the production, delivery, and sale of Iranian oil till Aug. 21. The announcement came after Vance said his talks with senior Iranian officials in Switzerland had created a "good foundation for a successful final deal".

 

Monday, foreign institutional investors turned net sellers once again and sold domestic equities worth over INR 6 billion. Meanwhile, domestic investors were net buyers after being net sellers in Friday's session. They net brought shares worth over INR 10 billion. 

 

At 0825 IST, the June futures contract of GIFT Nifty was at 24111.50, around nine points higher than the Nifty 50's previous close of 24102.90 points. "The broader trend remains positive as Nifty (50) continues to hold above its recent swing lows, indicating that the bullish market structure is intact," Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equties, said. "As long as the index sustains above key support levels, the upward momentum is likely to continue, with the next major resistance placed around 24500 (points), which could be tested in the coming sessions," he added.  (Arya S. Biju)

---

Equity Alert: Tech stocks drag down Asian indices; Kospi sheds 4%

 

MUMBAI--0825 IST--Most stock indices in Asia were down in early trade on Tuesday. Investors in the region assessed the viability of a peace deal in West Asia after the first session of peace negotiations between the US and Iran concluded on Monday. While the fall in crude oil futures provided some relief, technology stocks in the region tracked losses seen in their US peers and dragged down their respective indices.

 

Monday, mediators Qatar and Pakistan said the US and Iran had agreed on a road map to reach a final deal within 60 days. Further, the US authorised sales of Iranian oil through August after "productive talks" with Tehran in Switzerland. Subsequently, August futures of Brent crude oil closed over 3% lower at nearly $78 per barrel on Monday.

 

Losses in several 'Maginificent 7' technology stocks in the US on Monday seeped into the performance of their Asian counterparts. Monday, shares of Alphabet closed around 7% lower amid artificial-intelligence-related concerns. South Korea's Kospi was the worst hit index in the region, down 4%. Index heavyweights SK Hynix and Samsung Electronics were down 5–6% during early trade. Japan's Nikkei 225 was also among the worst performers, erasing its marginal gains seen at the open. The index shed nearly 1%, dragged down by the losses in technology and electronics stocks. Shares of technology-focused lender SoftBank Group were down nearly 8%, while electronics major Murata Manufacturing fell nearly 5% during early trade.

 

"These are far from dull markets," Chris Weston, head of research at Pepperstone Group Ltd in Melbourne told Reuters. "The former generals of the market appear to have lost momentum, and investors are rotating into other areas of the market that are more defensive, less AI-focused and offer more predictable cash flows."

 

Following are the levels of key indices in the region at 0812 IST:

 

Index	Level	Change in %
CSI 300 Index	5025.84	(-)0.67
Hang Seng Index	23649.91	(-)0.5
Nikkei 225 Day	71711.67	(-)0.89
TOPIX FIRST SECTION	4060.9	(-)0.83
KOSPI	8732.43	(-)4.19
FTSE Singapore Strait Times	5229.93	0.5
S&P/ASX 200 Index	8823.5	0.1

 

(Shruti Nair)

---

Equity Alert: US indices end mixed Mon; tech stocks drag down S&P, Nasdaq

 

MUMBAI--0725 IST--US equity indices ended mixed on Monday, with losses in major technology players dragging the S&P 500 and the tech-heavy Nasdaq into negative territory. On the other hand, gains in the industrial and healthcare sectors allowed the Dow Jones to close higher as market participants assessed the conclusion of the first session of peace negotiations between the US and Iran.

 

On Monday, several 'Magnificent 7' stocks ended lower, with Alphabet leading the losses, ending over 5% lower. The stock fell amid growing concerns around artificial intelligence and as two high-profile researchers exited the company for rivals in recent days, according to a CNBC report. Its peers Meta, Amazon, and Microsoft ended 3–5% lower. Elon Musk's SpaceX also ended over 16% lower, down for the third straight session, during which it shed 24%, according to a report by CNBC. On the other hand, shares of chipmaker Micron Technology ended nearly 7% higher, ahead of the company's quarterly results due post market hours on Wednesday. Other chipmakers also saw gains, with Advanced Micro Devices and Intel, around 3% and 5% higher, respectively.

 

Investors continued to assess the durability of peace in West Asia after the first session of peace talks between the US and Iran in Switzerland concluded on Monday. Mediators Qatar and Pakistan said the US and Iran had agreed on a road map to reach a final deal within 60 days. Subsequently, crude oil prices fell over 3% to close at around $78 per barrel on Monday. 

 

Market participants will also keep an eye out for the release of the personal consumption expenditures price index for May, the US central bank's preferred inflation gauge, due Thursday. Even excluding volatile food and energy prices, core expenditure is seen up from April, CNBC reported, citing economists polled by FactSet.

 

Following were the closing levels of major US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51712.71	0.29
NASDAQ Composite	26166.60	(-)1.32
S&P 500	7472.79	(-)0.37

 

(Shruti Nair)

 

US$1 = INR 94.66

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

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

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.