News Overview

Textile and apparel export stocks rallied strongly after India and the UK confirmed the implementation of their free trade agreement, boosting sentiment across Welspun Living, Indo Count Industries, KPR Mill, and other exporters.

Nykaa stock jumped 8% after the company announced its FY30 roadmap targeting a $5 billion business, strong revenue growth, expanding wellness focus, and improving profitability.

Indian IT stocks declined sharply after the US Federal Reserve signaled potential future rate hikes, triggering a global tech sell-off and dragging the Nifty IT index down 1.8%.

Brigade Enterprises faces a regulatory setback after the Tamil Nadu SEIAA revoked the Environmental Clearance for its Brigade Morgan Heights residential project in Perumbakkam. The move follows allegations that construction began without mandatory approval from the State Wetland Authority, raising concerns over project timelines and compliance.

HFCL shares surged to the upper circuit after securing a ₹2,666 crore BharatNet Phase-III contract from RVNL. The project strengthens the company's order book, provides long-term maintenance revenue opportunities, and reinforces its position as a key beneficiary of India's broadband and digital infrastructure expansion.

CDSL shares rose on positive investor sentiment driven by upcoming meetings with global institutional investors such as Citadel and Millennium Partners, robust financial performance, and SEBI's approval of key leadership appointments. The developments have strengthened confidence in the depository's growth prospects and governance framework.

The filing of NSE's ₹30,000 crore IPO has sparked renewed investor interest in companies holding stakes in India's largest stock exchange. While NIACL, GIC RE, LIC, SBI and Bank of Baroda rallied on value-unlocking expectations, IFCI fell as investors questioned the immediate benefits of its indirect exposure through Stock Holding Corporation of India.

Turtlemint Fintech Solutions IPO opens from June 19 to June 23, 2026, with a price band of ₹144-₹152 per share. The company aims to raise ₹882.67 crore through a fresh issue and offer for sale. Read this detailed IPO review covering financial performance, strengths, risks, issue details, and whether investors should consider subscribing.

Global equities ended a mixed session as investors rotated out of technology stocks ahead of the Federal Reserve’s policy meeting under new Chair Kevin Warsh. The Dow Jones hit a fresh record high, while the Nasdaq and S&P 500 declined amid pressure on chip and growth stocks. Weak US housing data and major corporate developments added to cautious global sentiment.

Asian equities advanced as Japan’s Nikkei 225 moved within reach of 70,000, South Korea’s KOSPI extended its winning streak, and India’s Nifty 50 crossed 24,000 amid improving macro tailwinds. Investors remain focused on the Fed’s policy decision and the upcoming Iran deal signing, both key drivers for global risk sentiment.