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Sensex Today Rallies 544 Points | Nifty Above 23,950 | HCL Technologies Up 4%
Tue, 16 Jun Closing

Sensex Today Rallies 544 Points | Nifty Above 23,950 | HCL Technologies Up 4%Image source: smagilov/www.istockphoto.com

Although the benchmark indices opened higher, they traded positive throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 extended the gaining streak due to positive investor sentiment following the US-Iran deal announcement.

At the closing bell, the BSE Sensex  closed points 544 higher (up 0.7%)

Meanwhile, the NSE Nifty closed 135 points higher (up 0.5%)

You can also visit our live blog section for real-time updates and deeper insights into the market.

HCL Tech, Trent, HUL were the top gainers today.

Maruti Suzki, Tata Steel, Bharat Elec on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,994 with 63 points higher at the time of writing.

The BSE 150 Midcap index is trading 0.3% higher and the BSE 250 SmallCap index is trading 0.4% higher.

Sectoral indices were trading mixed today with IT sector and realty sector witnessed buying. Meanwhile, stocks in metal sector and auto sector witnesses selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 94.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 1,53,246 per 10 grams.

Meanwhile, silver prices were trading 0.2% lower at 2,50,947 per 1 kg.

Speaking of stock markets, Tanushree Banerjee, Research Analyst at Equitymaster, highlights that tollbooth monopoly stocks are facing rising regulatory risks that could weaken their strong moats.

She notes that changes like market coupling are challenging platforms such as IEX. The main risk is not earnings, but valuation de-rating due to reduced pricing power.

Watch the video below to know more.

GIC shares fall on discounted OFS launch

Shares of General Insurance Company (GIC) came into focus as the government has announced sell up to 5% stake in the PSU via offer for sale (OFS).

The two-day Offer for Sale (OFS) of GIC began on Tuesday, opening first for institutional investors, while retail investors will be able to participate on Wednesday. Currently, the government holds an 82.40% stake in General Insurance Corporation, which will come down to 77.40% after the OFS.

GIC, operating under the administrative control of the Finance Ministry, is India's state-owned reinsurer. It primarily provides reinsurance services and serves as a safety net for insurance companies, effectively insuring insurers.

OIL & CSIR Collaborate for Energy Tech

Oil India Limited (OIL), a Maharatna CPSE under the Ministry of Petroleum and Natural Gas, signed a Memorandum of Understanding with Council of Scientific and Industrial Research (CSIR) on 15 June 2026 at OIL House, Noida. The agreement aims to boost joint research, innovation, and technology development in the energy sector.

The MoU was signed by the CMD of OIL and the Director General of CSIR, in the presence of senior officials from both sides, including the Managing Director of NRL.

Through this partnership, both organisations will work together on improving oil and gas operations, enhancing oil recovery, optimizing reservoirs, developing renewable energy solutions, and exploring critical minerals. The focus is on creating better, cost-effective technologies and improving efficiency in operations.

This collaboration reflects OIL's effort to strengthen its technology base through partnerships with leading research institutions and support India's energy security goals.

Arvind SmartSpaces Rises on New Project

Shares of Arvind SmartSpaces came into focus after it announced a new residential development project in South Ahmedabad on Kerala-Nalsarovar Road. The project is expected to generate about ?180 crore in top-line revenue.

South Ahmedabad is becoming a key area for plotted housing and weekend homes due to rising demand and better infrastructure and connectivity.

The company's MD and CEO said they are pleased to add this new plotted development project in a high-growth area. He noted that Ahmedabad continues to offer strong opportunities in plotted and villa housing, supported by infrastructure growth and increasing demand.

Arvind SmartSpaces said it already has a strong presence in plotted and villa developments and is well placed to benefit from future growth in this segment. The company operates across major cities including Ahmedabad, Gandhinagar, Bengaluru, Mumbai Metropolitan Region, and Pune, under the Arvind Group brand.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

Read the latest Market Commentary


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