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Bandhan Bank Approves NPA Portfolio Sale | RailTel Secures Major Munitions Order | Top Buzzing Stocks Today
Wed, 17 Jun Pre-Open

Bandhan Bank Approves NPA Portfolio Sale | RailTel Secures Major Munitions Order | Top Buzzing Stocks TodayImage source: smagilov/www.istockphoto.com

Indian benchmark indices 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 on Tuesday, 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, and HUL were the top gainers today.

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

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 on Tuesday with IT sector and realty sector witnessed buying. Meanwhile, stocks in metal sector and auto sector witnesses selling pressure.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

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.

Top buzzing stocks today

GIC share price will be in focus today.

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).

Oil India share price will be in focus today.

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.

Bandhan Bank Approves NPA Portfolio Sale

On 15 June 2026, the Board of Bandhan Bank approved the sale of identified Non-Performing Assets (NPAs) with over 180 days past due (DPD) from its Housing Finance portfolio.

These assets had a principal outstanding of Rs 3.03 bn as of 31 May 2026. T

The Bank will dispose of the portfolio through a bidding process involving Asset Reconstruction Companies (ARCs) and will follow the Swiss Challenge method for the sale.

RailTel Secures Major Munitions Order

RailTel Corporation of India has received a work order worth Rs 0.15 bn from Munitions India for upgrading MPLS bandwidth of the existing COMNET 2.0 network.

The project will cover all 45 units across seven Defence Public Sector Undertakings (DPSUs) and the Department of Defence Production (DoDP), New Delhi.

The contract, awarded by a domestic entity, is scheduled to be completed by 14 June 2027.

RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways.

Why NALCO Shares Were in Focus?

According to the media reports, shares of Aluminium producers such as NALCO and other companies witnessed selling pressure on 16 June 2026, pulling the Nifty Metal index down 2%.

The main reason behind the fall is a sharp drop in global aluminium prices. Investors are turning cautious on aluminium stocks after the US-Iran peace deal agreement raised hopes of smoother trade through the Strait of Hormuz. Since the region accounts for nearly 9% of global aluminium supply, higher exports could boost supply in the market and put pressure on aluminium prices.

As aluminium prices weakened, investors rushed to book profits in metal stocks, leading to a sharp decline in shares of NALCO.

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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