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Trendlyne Marketwatch
16 Jun 2026
Market closes higher on easing oil prices and foreign fund inflows
By Trendlyne Analysis

 

Nifty 50 closed at 23,989.15 (135.3, 0.6%), BSE Sensex closed at 76,808.48 (544.2, 0.7%) while the broader Nifty 500 closed at 22,997.25 (106.0, 0.5%). Market breadth is in the green. Of the 2,766 stocks traded today, 1,577 were on the uptick, and 1,137 were down.

Indian indices closed higher, supported by easing oil prices and fresh foreign fund inflows. The Indian volatility index, Nifty VIX, fell 6.9% and closed at 13.4 points. HCL Technologies closed 3.6% higher after investing Rs 1,427 crore in Axonwise (Sarvam AI) for a 10% stake to strengthen its AI capabilities. 

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and Nifty Realty are among the top index gainers today. According to Trendlyne’s sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 5.1%.

Asian markets closed mixed, while European markets traded with varied trends. US index futures traded mixed, as investors awaited more details on the preliminary US-Iran peace agreement. Focus now shifts to the Federal Reserve's two-day policy meeting. The Fed is expected to keep interest rates unchanged on Wednesday, while investors will closely watch Fed Chair Kevin Warsh's comments amid inflation concerns driven by higher fuel prices.

  • Relative Strength Index (RSI) indicates that stocks like Aegis Logistics, Cupid and Stylam Industries are in the overbought zone.

  • Pharmaceutical stocks like Mankind Pharma, Aurobindo Pharma, and Gland Pharma fall after the Centre made all syrup medicines prescription-only, ending over-the-counter (OTC) sales without a doctor's prescription.

  • Tata Motors PV aims a market share of 18-20% from 13.5% and double-digit EBITDA margins in FY27, driven by expansion of its PV and EV portfolios.

  • Petronet LNG and GAIL (India) rise after reports indicate that Qatar has outlined a timeline to restore its liquefied natural gas (LNG) production. The country expects to restore about 50% of its LNG production capacity within one month of the reopening of the Strait of Hormuz and increase this to around 80% within two months.

  • Dixon Technologies (India) rises on reports that it is nearing a Rs 30,000 crore revenue opportunity, as the government is likely to approve its joint venture with smartphone maker Vivo. An inter-ministerial committee has reportedly backed the proposal after a Saturday meeting and is expected to clear it once regulatory processes are completed.

  • Bondada Engineering is rising as it receives an order worth Rs 1,338 crore from NTPC Renewable Energy to develop a 250 MW solar photovoltaic project with a 50 MW Battery Energy Storage System (BESS) at Sitapur, Uttar Pradesh.

  • Electronics Mart India reportedly plans to invest Rs 120 crore to add 20 new stores in Kolkata and New Delhi in FY27. The company projects a 15% YoY same-store sales growth in Q1FY27.

  • Sonata Software soars over 15% as it receives approval from the National Company Law Tribunal (NCLT) to merge Encore IT Services Solutions with itself.

  • Adani Ports expands its multi-year partnership with US-based Kaleris to deploy its N4 Terminal Operating System and AI-powered container handling solutions across 15 terminals at nine ports, building on the successful rollout across six ports in Phase 1. The partnership supports Adani Ports' FY31 strategy, which includes an $850 million investment in technology upgrades and decarbonisation. Of this, up to $100 million is allocated for a Phase 2 rollout with Kaleris to boost automation and operational efficiency.

  • Fertilizer stocks like FACT, Gujarat Narmada Valley Fertilizers & Chemicals and Paradeep Phosphates are rising sharply ahead of the opening of the Strait of Hormuz on Friday, easing concerns over supplies of key raw materials.

  • Suzlon Energy rises after Union Renewable Energy Minister Pralhad Joshi asks Wind Independent Power Producers Association (WIPPA) and Indian Wind Turbine Manufacturers Association (IWTMA) to submit a detailed assessment of ageing wind turbines across the country within 30 days. The assessment will identify turbines that can be replaced.

  • Billionbrains Garage Ventures (Groww) is falling as 1.3 crore shares, worth approximately Rs 263 crore, reportedly change hands in a block deal.

  • TCS books a one-time charge of $70 million after the US Supreme Court rejects its appeal in a trade secrets case. The court upheld a $168 million damages award in favour of DXC Technology, taking TCS's total exposure in the case to $220 million. The dispute dates back to a 2019 lawsuit alleging TCS used former employees' access to develop a competing life insurance platform.

  • GMR Airports rises to its all-time high of Rs 110.5 per share as its passenger traffic increases 6.1% YoY to 1.1 crore in May, while aircraft movements grow 2.3% to 66,434.

  • Bandhan Bank's board of directors approves selling its non-performing assets (NPA) portfolio worth Rs 303.7 crore to asset reconstruction cos (ARCs) via an auction.

  • Northern Arc Capital and Yes Bank are rising as they sign a memorandum of understanding (MoU) to expand access to credit, scale digital lending and provide debt investment opportunities to customers.

  • Shares of Kaynes Tech, Dixon Tech and Amber Enterprises gain after Motilal Oswal reiterates its positive stance on the electronics manufacturing services (EMS) sector, citing strong order inflows and healthy demand. The brokerage says companies are managing input cost pressures through pass-through mechanisms. It expects the sector to deliver a 31% revenue CAGR over FY27–28, supported by capacity additions and the ramp-up of existing and new facilities.

  • Aluminium stocks such as Vedanta Aluminium Metal, National Aluminium Co and Hindalco Industries are falling sharply as aluminium prices drop after the peace deal between the US and Iran.

  • General Insurance Corp of India (GICRE) is falling sharply as its promoter, the Government of India, approves selling upto a 5% stake through an offer for sale (OFS).

  • Devyani International and Sapphire Foods India rise after receiving 'no objection' letters from the BSE and NSE for their proposed merger.

  • Elara Capital initiates coverage on Hyundai Motor India with a 'Buy' rating and a target price of Rs 2,390. The brokerage expects the automaker’s Talegaon plant expansion to raise total capacity to 1.14 million units by FY30 from about 1 million currently. The company has guided for two new launches in FY27 and 26 models, including seven new nameplates, by FY30. It is also targeting 8–10% export growth in FY27 despite Middle East headwinds.

  • Adani Enterprises rises as it enters a partnership with US-based Jabil to jointly develop an AI and data centre infrastructure manufacturing plant in India.

  • HCL Technologies is rising as it invests Rs 1,427.3 crore in Axonwise (Sarvam AI) for a 10% stake. The investment will help HCL to develop industry and client-specific language models and AI solutions for its global client base.

  • Arvind SmartSpaces rises sharply as it signs a new residential development project on Kerala-Nalsarovar Road in South Ahmedabad. The project spans 58.3 acres and has an estimated revenue potential of around Rs 180 crore.

  • Craftsman Automation is rising as its board of directors approves a Rs 2,000 crore fundraise through a qualified institutional placement (QIP) of equity shares.

  • Nifty 50 was trading at 23,933.05 (79.2, 0.3%), BSE Sensex was trading at 76,526.77 (262.4, 0.3%), while the broader Nifty 500 was trading at 22,968.45 (77.2, 0.3%).

  • Market breadth is highly positive. Of the 2,194 stocks traded today, 1,627 were on the uptick, and 510 were down.

Riding High:

Largecap and midcap gainers today include Coforge Ltd. (1,464.80, 4.4%), Suzlon Energy Ltd. (57.92, 4.2%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,202.80, 3.8%).

Downers:

Largecap and midcap losers today include General Insurance Corporation of India (358.40, -7.5%), UNO Minda Ltd. (1,089.50, -3.2%) and Vishal Mega Mart Ltd. (116.95, -3.1%).

Crowd Puller Stocks

25 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Sonata Software Ltd. (311.25, 19.6%), PG Electroplast Ltd. (527.45, 7.0%) and Aditya Birla Real Estate Ltd. (1,315.70, 6.1%).

Top high volume losers on BSE were General Insurance Corporation of India (358.40, -7.5%) and Sumitomo Chemical India Ltd. (473.25, -0.3%).

Dr. Lal Pathlabs Ltd. (1,642, 1.6%) was trading at 39.8 times of weekly average. Kalpataru Projects International Ltd. (1,365.70, 4.7%) and Devyani International Ltd. (114.18, 2.5%) were trading with volumes 18.0 and 12.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks made 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Federal Bank Ltd. (320.60, 1.1%), Pidilite Industries Ltd. (1,572, 0.1%) and Kalpataru Projects International Ltd. (1,365.70, 4.7%).

Stocks making new 52 weeks lows included - Bayer Cropscience Ltd. (4,239, -1.2%) and Procter & Gamble Hygiene & Healthcare Ltd. (9,082, 1%).

20 stocks climbed above their 200 day SMA including Mahanagar Gas Ltd. (1,185.60, 4.1%) and Prestige Estates Projects Ltd. (1,521.10, 3.3%). 5 stocks slipped below their 200 SMA including General Insurance Corporation of India (358.40, -7.5%) and TBO Tek Ltd. (1,422.30, -2.1%).

 
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