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Nifty trades above 24,100 level; media shares climb
Media shares rebounded after declining in the past trading session.
Sensex up 200 pts from day's low, Nifty above 24,100: Easing crude prices among key factors behind market... - Moneycontrol.com
Sensex up 200 pts from day's low, Nifty above 24,100: Easing crude prices among key factors behind market...Moneycontrol.com
Sun Pharmaceutical among 5 Nifty stocks showing bullish RSI upswing
Five Nifty50 stocks featured in the RSI Trending Up scan on June 17 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
Stocks in news: IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCL
Markets extended their winning streak for the fourth consecutive session, driven by favorable global cues and sustained sector-wide buying. The Nifty reclaimed the 24,000 mark, approaching the 100-day EMA near 24,150. Stocks like IFCI, Tata Motors, and HFCL are in focus due to significant news developments, including IPO filings, turnaround projections, and major order wins.
Defence shares gain momentum on strong production and growth outlook
Indian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase from the previous year. This growth, driven by policy push and rising global demand, has led to a strong rally in defence companies and the Nifty Defence Index, which is up 23% year-to-date.
Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-Equifax
Credit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset quality stress, increasingly favouring customers with established credit histories. A joint SIDBI-Equifax study shows the share of new-to-credit borrowers fell sharply to 20% from 33% three years ago, reflecting tighter risk filters.
Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-Equifax
Credit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset quality stress, increasingly favouring customers with established credit histories. A joint SIDBI-Equifax study shows the share of new-to-credit borrowers fell sharply to 20% from 33% three years ago, reflecting tighter risk filters.
Nifty outlook for June 18: Bulls now set sights on 100-DMA resistance around 24,250
With Tuesday's move, the Nifty has rallied over 1,000 points from its recent swing low of 23,072 to an intraday high of 24,108.
IDBI Bank share price rockets 19%. What’s triggering the massive surge?
IDBI Bank shares rose sharply on Wednesday, extending a four-session rally amid heavy trading volumes and renewed optimism around the lender’s long-delayed privatisation process. Reports that the government is exploring ways to revive stake-sale discussions, coupled with improving asset quality and strong net interest income growth, boosted investor sentiment.
Markets poised for a cautious start as GIFT Nifty ticks higher
Indian markets continued their upward trend on Tuesday. The Nifty closed at 23,989. Analysts anticipate this positive momentum to persist. Improved geopolitical situations, increased foreign investor interest, and falling crude oil prices are driving the market. A potential US-Iran peace agreement is boosting global sentiment. The India VIX, a fear index, saw a decline.
Bank provisioning at 3-year low on better recoveries, asset quality
Banks' loan loss provisioning hit a 12-quarter low in March 2026, driven by private sector banks amid improving asset quality and recoveries. Overall provisioning dropped 23.5% year-on-year, with most banks reporting lower provisions. Public sector banks, however, saw a sequential increase in provisioning.
Trade Setup For June 17: Nifty Faces Key Test At 24,100 As Bulls Bounce Back From War Blues | Check Key levels
Nifty on the charts for Wednesday.