Industrial Sector

Indian Benchmark indices ended sharply lower on June 23, 2026, as a 10% crash in South Korea's Kospi, weakness in IT stocks following Accenture's cautious outlook, and renewed concerns over higher US interest rates triggered broad-based selling. Nifty fell 278.80 points to 23,824.10, while Sensex declined 893.39 points to 76,200.68. Metal and IT stocks led losses, while Pharma emerged as the lone sectoral gainer amid defensive buying.

Indian benchmark indices extended gains on June 22, 2026, as easing geopolitical tensions, falling crude oil prices, strong buying in Reliance Industries after its AGM, recovering IT stocks, and robust foreign investor inflows supported market sentiment. Nifty closed above 24,100, Sensex rose nearly 300 points, and Pharma, Healthcare, Media, and Oil & Gas sectors emerged as top performers.

Adani Group shares gained on multiple positive triggers including Karan Adani's meeting with West Bengal Chief Minister Suvendu Adhikari, large institutional block deals, strong Adani Ports performance, and Adani Green Energy's new 50 MW solar project at Khavda, Gujarat.

MSCI's latest index rebalancing is expected to drive significant passive fund flows across Indian equities. Federal Bank, MCX, NALCO and Indian Bank emerge as key beneficiaries, while Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and RVNL face selling pressure due to exclusions.

As per DRHP, promoters Padam Kumar Agarwala, and Varun Agarwal will be offloading 72.13 lakh equity shares.

The project's scope includes Design, Supply, Erection, Testing, and Commissioning for the upgrade of an electric traction system.

The second contract, at ₹52.74 Crore, involves civil and architectural works for the bunker area, powerhouse superstructure, etc.

Reliance Capital's lenders have accepted a ₹9,650 Crore resolution plan under IBC guidelines from IIHL.

There are over ₹2000 Crore worth of outstanding orders that need to be fulfilled within the next six months

The funds raised will be utilized for expansion and upgradation at Jaigarh Port and Mangalore Container Terminal, as well as general corporate purposes