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ICICI Pru's S Naren expects moderate market returns, backs gold in diversified portfolios
S Naren, Executive Director and CIO of ICICI Prudential AMC, which managed funds worth $3 billion as of May 31, 2026, said improving macro conditions have strengthened India's outlook but global AI-led capital flows continue to favour overseas markets. Naren reiterated his preference for diversified multi-asset investing over concentrated equity or standalone gold ETF exposure.
Nifty reclaims 24,000 as auto, FMCG stocks drive market rebound
Benchmark indices snapped a two-day losing streak on Wednesday, supported by broad-based buying in auto, FMCG and financial stocks, while IT shares remained under pressure following KPIT Technologies' weak Q1 FY27 outlook. The Nifty reclaimed the 24,000 mark, while broader markets also ended higher. Positive global cues and value buying in beaten-down large-cap stocks lifted overall market sentiment.
Trade Setup For July 1: Nifty Support Slips To 23,700 Amid Mixed Global Cues, IT Drag | Check Key Levels
If the benchmark fails to sustain above this level, the downtrend may continue towards 23,550, followed by 23,400 in the short term.
Hotel demand rebounds; ICICI Sec keeps Buy on ITC Hotels, IHCL, Lemon Tree
ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.
INR rebounds in opening trades; Gains unlikely to hold
The Indian rupee appreciated in opening trades on Monday as a temporary pause in Middle East attacks and upcoming diplomatic talks in Qatar is supporting broader Asian currency markets. However, the rally is unlikely to sustain given broad strength in dollar and rebounding international oil prices. Besides, negative cues from equities are also likely to add pressure on the counter. INR opened at Rs 94.36 per dollar and hit a high of 94.25 so far during the day. On Thursday, the pair ended at 94.45 as Friday was a market holiday on account of Muharram. As of the morning trade on June 29, 2026, the Indian benchmark indices are trading flat, with the NSE Nifty 50 hovering around 24,056.00 and the BSE Sensex trading near 77,100.47.
Will Sensex, Nifty extend gains or turn volatile? Q1 updates, F&O expiry among 8 factors set to steer stock market this week
Indian markets head into a crucial week with investors tracking Q1 business updates, June F&O expiry, auto sales data, FII flows, crude oil prices, monsoon progress, US bond yields and key macroeconomic releases. While benchmark indices have remained resilient, profit booking in broader markets signals caution as traders assess domestic and global cues for the next leg of market direction.
Rajesh Palviya of Axis Sec suggests K.P.R. Mill, Olectra Greentech, Nykaa shares to buy today - 19 June
The Indian stock market experienced a pullback as major indices dropped, primarily due to a slump in IT stocks triggered by Accenture's disappointing outlook. The Nifty 50 and Sensex both fell, reflecting investor caution amidst profit-taking after prior gains.
Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa
Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets.
Nifty closing above 23,800 positive but exhaustion visible at 24,000
The benchmark index gained 231 points to close at 23,853. After opening with a gap-up of 362 points on strong global cues, Nifty hit its intraday high within minutes of the opening bell. However, the momentum faded through the day as profit-booking emerged at higher levels, dragging the index nearly 200 points lower from its peak before it settled with healthy gains.
Nifty tops 23,850 as oil slump sparks broad-based rally
The key equity benchmark indices extended gains for a second consecutive session on Monday, supported by a sharp decline in crude oil prices and optimism surrounding a US-Iran peace agreement. Buying was broad-based, with most sectoral indices ending in the green. Investor sentiment was further buoyed by strong global cues, a stronger rupee and easing market volatility. The Nifty settled above the 23,850 mark, led by gains in consumer durables and auto stocks. However, pharma and healthcare shares bucked the trend and closed lower.
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
Nifty, Sensex to rally more on Monday? Iran peace deal among 5 factors to dictate Dalal Street this week
Indian benchmark indices rebounded sharply on Friday, with the Sensex and Nifty rising nearly 2%, driven by hopes of a US-Iran peace deal, cooling crude oil prices, and stronger global sentiment. The rally added around Rs 10 lakh crore to investors' wealth, taking the total market capitalisation of BSE-listed firms to Rs 462 lakh crore.