Indian stock markets continued their positive trend, marking a fourth consecutive session of gains, bolstered by defence stocks and major index constituents that helped benchmark indices close near their daily highs. A drop in crude oil prices helped strengthen the rupee and alleviated inflation and import bill concerns. Ongoing buying from domestic institutions, coupled with stable foreign inflows, helped sustain momentum as the Nifty surpassed the 24,000 mark, heading towards its next significant resistance level.
Defence stocks and key players uplift markets: Insights on Sensex and Nifty’s rise on June 17
On Wednesday (June 17), the equity benchmark indices upheld their winning streak for the fourth consecutive session, with the Sensex increasing by 347 points to 77,156 and the Nifty climbing 97 points to close at 24,086, wrapping up near the day’s peak.
Read more
Rupee gains 10 paise against dollar as crude prices drop; US Fed uncertainty limits increases
The Indian rupee gained 10 paise against the US dollar on Wednesday (June 17), opening at 94.46 per dollar compared to Tuesday’s closing of 94.56, buoyed by a significant fall in global crude oil prices.
Read more
FIIs invest ₹102 crore, DIIs contribute ₹1,561 crore as markets advance for the fourth day
Foreign institutional investors continued to be net buyers in Indian equities on Wednesday, as domestic institutional investors (DIIs) provided considerable backing, allowing benchmark indices to extend their upward trajectory for a fourth straight session.
Read more
What to Watch Next in the Markets
As the Nifty reclaims the 24,000 level, market participants will closely watch if the index can sustain its rally towards the 100-day moving average near 24,250. Stock-specific movements are expected to dominate, with Lupin, HFCL, RVNL, and Apollo Hospitals among firms making headlines following recent announcements. Global indicators, especially crude oil prices and foreign market trends, will also be critical for traders.
Stocks of Interest for June 18: Lupin, HFCL, RVNL, Apollo Hospitals, and others
Lupin, HFCL, and RVNL have reported significant business achievements, while Bosch Global Software Technologies plans an OFS for Bosch Home Comfort India. Apollo Hospitals has resolved an RBI compounding issue with a payment of ₹17.8 crore. Here are the stocks to monitor ahead of Thursday’s trading session.
Read more
Nifty Forecast for June 18: Bulls target 100-DMA resistance around 24,250
The Nifty continued its upward movement for a fourth straight session on Wednesday (June 17). After opening strongly, the index built momentum, gradually rising throughout the first half and briefly exceeding the 24,100 level.
Read more
Kevin Warsh Leads First Fed Meeting
All attention is on Washington as Kevin Warsh oversees his inaugural Federal Reserve policy meeting since becoming the 17th Fed Chair on May 22. This meeting comes amidst challenges, with US inflation reaching a three-year high of 4.2% in May, primarily spurred by rising fuel costs. Although the markets largely expect the Fed to maintain current interest rates, the decision may disappoint President Donald Trump, who has advocated for reduced borrowing costs to spur economic growth.
Trade Agreements, Tech Innovations, and Geopolitical Dynamics
Trade, technology, and geopolitical issues were prominent in global news on Wednesday. Modi and Trump engaged in discussions regarding regional security, trade, and developments in West Asia during their meeting at the G7 Summit. The India-UK Free Trade Agreement also received an official start date, while Microsoft disclosed its strategy for scaling artificial intelligence while ensuring reliability. Concurrently, West Asia remained a focal point following updates on Iran’s reconstruction talks with the US.
Modi-Trump Summit: Discussions on regional security and the Strait of Hormuz
Prime Minister Narendra Modi and US President Donald Trump held extensive discussions on June 17 at the G7 summit in France, marking their first direct meeting in over 16 months. The dialogue came in the context of ongoing geopolitical tensions in West Asia and wider conversations on trade and security collaborations.
Read more
Act swiftly, but maintain standards: Microsoft’s Jay Parikh on AI implementation
Microsoft Executive Vice President Jay Parikh emphasized that the company’s focus on speed should not be misconstrued as taking higher risks; instead, it is about hastening learning and adaptation. He highlighted that rapid iterations enable Microsoft to effectively adapt to evolving technology trends and geopolitical circumstances. Building on Microsoft’s robust 51-year history in technology development, Parikh noted that the company leverages in-depth technical skills alongside longstanding customer relationships to deploy cutting-edge technologies reliably and at scale.
Read more
India-UK FTA set to begin on July 15, 2026
According to British High Commissioner Lindy Cameron, the India-UK Free Trade Agreement is scheduled to take effect on July 15, 2026, with a target of doubling bilateral trade to $120 billion by 2030.
Read more
Iran initially requested $400 billion in war reparations before proposing a $300 billion fund: Report
As per a Reuters report citing an Iranian source, Iran’s initial demand for compensation for damages incurred during the West Asia conflict with the US and Israel was approximately $400 billion, which was subsequently rejected by Washington.
Read more
We’ll return on Thursday with another edition of Top 10@10, highlighting the stories shaping markets, business, and the world.
