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Live: Banking stocks fuel Nifty above 24,500; Uncertainty persists on US-Iran talks | Closing Bell
Indian markets ended lower, dragged by weakness in IT stocks. The BSE Sensex slipped over 650 points, while the Nifty 50 fell below 24,450. HCL Technologies led the decline, logging its sharpest fall in 11 years after weak guidance, pulling down peers like Infosys and TCS. Despite the headline fall, market breadth remained positive with broader markets outperforming, as smallcaps extended gains for a second straight session. Financials were under pressure, with ICICI Bank and HDFC Bank slipping. On the upside, stocks like Tata Consumer Products, NTPC and Hindustan Unilever emerged as key gainers.
Hold South Indian Bank; target of Rs 45: ICICI Securities
ICICI Securities recommended hold rating on South Indian Bank with a target price of Rs 45 in its research report dated July 08, 2026.
Buy Indian Bank; target of Rs 1025: Motilal Oswal
Motilal Oswal is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 1025 in its research report dated April 29, 2026.
Stocks to Watch Today: Infosys, IRFC, Honasa Consumer, Rashi Peripherals, City Union Bank, Delhivery, Clay Craft India in focus on 24 June
Stocks to Watch, 24 Jun: Stocks like Infosys, Indian Railway Finance Corporation, Honasa Consumer, Rashi Peripherals, Imagicaaworld Entertainment, Vedanta, Delhivery, DP Wires, and Clay Craft India will be in focus on June 24.
Buy Indian Bank; target of Rs 1051 Anand Rathi
Anand Rathi is bullish on Indian Bank has recommended buy rating on the stock with a target price of Rs 1051 in its research report dated April 30, 2026.
US Steps In to Escort Ships in Hormuz | Oil Near $108 | Kotak Bank Steady | Opening Bell
Markets kick off the week with global tensions in focus as US President Donald Trump announces “Project Freedom” to escort stranded vessels through the Strait of Hormuz. Iran calls the US response to its 14-point proposal unacceptable, keeping geopolitical risks elevated and pushing Brent crude near $108. US markets ended higher on Friday, with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite gaining up to 1.6%, supported by strong earnings from Exxon Mobil, Chevron, and Estée Lauder. Economic data remains mixed, with steady manufacturing activity and a rise in consumption. Back home, Kotak Mahindra Bank reports a stable quarter, while GIFT Nifty suggests a positive start for Indian markets. Investors also keep a close watch on state election results for further cues.
Buy South Indian Bank; target of Rs 56: ICICI Securities
ICICI Securities is bullish on South Indian Bank recommended buy rating on the stock with a target price of Rs 56 in its research report dated May 08, 2026.
Stocks to Watch Today: HCL Tech, General Insurance Corp, Dhanlaxmi Bank, Craftsman Automation, Devyani International, Sapphire Foods in focus on 16 June
Stocks to Watch, 16 Jun: Stocks like HCL Technologies, State Bank of India. Mahindra and Mahindra Financial Services, General Insurance Corporation of India, Craftsman Automation, Yes Bank, Dhanlaxmi Bank, and Indian Railway Catering and Tourism Corporation will also be in focus on June 16.
HDFC AMC, Motilal Oswal, Nippon stocks rally up to 7% as FM Sitharaman hints at more foreign capital measures
The gains in capital markets shares today followed comments by Sitharaman at an event, where she said measures announced by the government and the Reserve Bank of India to attract foreign capital were only the beginning of a broader effort to improve overseas investor participation.