News Overview

Asian equities delivered a mixed performance on June 22, with Japan's Nikkei reaching another record high and South Korea's KOSPI extending gains on AI-driven semiconductor momentum. Meanwhile, Hong Kong underperformed as investors continued rotating away from Chinese consumer stocks. From US-Iran peace talks to China's post-holiday market reopening and South Korea's semiconductor dominance, here's what mattered for global markets and India's outlook.

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.

Voltas hits 1 million AC sales in just three months of FY27, driven by strong demand and distribution strength. EPACK Durable rallies as key supplier.

Cipla gains attention after Citi’s Buy rating and 90-day Positive Catalyst Watch. Key drivers include US product launches, stable India business, regulatory upside, and expected earnings recovery.

Tata Capital Limited witnessed profit booking after a strong rally last week, as the stock slipped 3% to ₹355.55 on June 22. The decline followed a board-approved ₹36,000 crore Non-Convertible Debenture (NCD) issuance plan that had previously triggered bullish momentum, pushing the stock to a 52-week high of ₹379.95.

Bajaj Auto has announced its largest-ever ₹5,633 crore share buyback at ₹12,000 per share. With the record date approaching, investors are evaluating eligibility, retail quota benefits, and potential returns from the tender offer.

GRSE’s Navratna status strengthens its financial and operational autonomy, supporting rapid growth in defence shipbuilding, commercial expansion, and global competitiveness.

Turtlemint Fintech Solutions' ₹882.67 crore IPO is nearing closure amid weakening grey market sentiment. The GMP has declined to ₹0.50 ahead of the final subscription day, indicating a marginal listing premium. The IPO is scheduled to list on NSE and BSE on June 29, 2026.

Asian markets closed mixed as China and Hong Kong declined on weak macro data and Fed concerns, while Japan and South Korea rallied to fresh records on AI and semiconductor momentum. India’s Nifty snapped a five-day winning streak as IT stocks fell sharply after Accenture’s weak guidance, with broader pressure from FII outflows and profit booking.

Infosys plunged to a new 52-week low of ₹1,030 amid a broad IT sector correction sparked by Accenture's weaker revenue outlook. The stock has significantly underperformed benchmark indices due to concerns around slowing global IT spending, AI-driven industry disruption, geopolitical risks, and weakening demand visibility. Heavy selling pressure erased nearly ₹40,000 crore in market value as investors reassessed growth prospects for the sector.