News Overview

Vedanta stock plunged nearly 9% on June 23 following a major block deal worth ₹2,149 crore. The decline comes shortly after the group's demerger, which created four separately listed companies and transformed Vedanta into a focused metals and mining business.

Advit Jewels IPO has opened for subscription with a price band of ₹130-₹138 per share. Backed by strong revenue growth, healthy margins, debt reduction plans, and a GMP of ₹64, the issue is attracting significant investor interest.

Turtlemint Fintech Solutions' ₹882.67 crore IPO is set to close for subscription on June 23. With the grey market premium dropping to ₹1, market sentiment suggests limited listing gains ahead of its June 29 stock market debut.

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.