Business
Dalal Street closed on a split note on Friday as an afternoon bounce lifted the Nifty 50 by 0.33% to 23,346, while the Sensex surrendered early gains in the final 30 minutes to settle marginally lower. With Brent crude still above $100, central banks turning hawkish, and a high-stakes governance battle erupting at Tata Sons, both indices logged their sixth consecutive weekly decline.
Dalal Street delivered a split verdict on Thursday as cautious optimism wrestled with persistent global macro pressures. While the Nifty managed a 53-point gain to close at 23,270, the Sensex ended flat with a negative bias, weighed down by an aggressive US Fed dot plot, $106 Brent crude, and massive liquidity absorption by the primary market.
Dalal Street halted its multi-session slide on Tuesday as both the Sensex and Nifty staged a relief rally from five-month lows, buoyed by defensive FMCG buying and central bank defense of the rupee. However, with Brent crude stubbornly elevated near $108 and US Treasury yields lingering at 5%, broader market sentiment remains guarded ahead of the Federal Reserve’s rate decision.
Before Mumbai became synonymous with Indian finance, before Sensex and Nifty became household names, there was Calcutta. And at the heart of it stood the Calcutta Stock Exchange, or CSE.
Maintaining strong upward momentum for a third consecutive session, Indian equities ended firmly in positive territory on Tuesday, June 16, 2026, as global market sentiment was fortified by the looming formalization of the U.S.-Iran peace framework. The NSE Nifty 50 rose 96.55 points to finish at 24,085.70, testing intense overhead chart resistance near an intraday high of 24,108.20, while the BSE Sensex gained 0.45% to settle at 77,155.62. The widespread market buoyancy was directly driven by Brent crude slipping below $81.50 per barrel, which triggered a multi-day cooling of imported inflation metrics and prompted Foreign Portfolio Investors (FPIs) to return as net positive buyers. Heavyweights HDFC Bank (+1.0%) and Reliance Industries (+1.7%) provided massive institutional heft to the indices, alongside stock-specific surges from Devyani International (+2.5%) and Sapphire Foods (+5.0%) on definitive merger nods. On the geopolitical and domestic policy front, Prime Minister Narendra Modi used the G7 Summit platform in Évian-les-Bains to demand structural reforms from global leaders, while back home, the Ministry of Electronics and Information Technology (MeitY) triggered a temporary, nationwide access restriction on the Telegram platform until June 22 to preemptively dismantle organized cheating and backdated message-swapping rackets ahead of the high-stakes NEET-UG 2026 re-examination.
Indian equity benchmarks surged on Monday, June 15, 2026, as the abrupt evaporation of the West Asia geopolitical risk premium triggered an aggressive global market rally. Reversing weeks of intense conflict anxiety, the NSE Nifty 50 soared 231 points to settle at 23,853.90, while the BSE Sensex advanced 736 points to close at 76,264.33, pushing the total market capitalization of BSE-listed firms to an unprecedented ₹462 lakh crore. The primary catalyst was a surprise U.S.-Iran ceasefire agreement scheduled to be formalized in Switzerland on Friday, which immediately sent Brent crude crashing 4.1% to $84 per barrel—its lowest level since March. This massive relief on imported inflation supercharged fuel retail, aviation, paint, and tire manufacturers, while sending the 10-year benchmark bond yield sliding to 6.8957%. Corporate actions shared center stage as billionaire Anil Agarwal’s massive Vedanta demerger reached its final milestone, debuting four sector-pure spin-offs—Vedanta Aluminium Metal (VAML) at ₹522, Vedanta Power at ₹41.80, Vedanta Oil and Gas (VOGL) at ₹38, and Vedanta Iron and Steel (VISL) at ₹20—on the NSE under a strict trade-to-trade delivery mandate. Simultaneously, on the policy front, Gujarat unveiled its Industrial Policy 2026 at Gandhinagar, expanding its priority sectors to 16 to aggressively capture global chip and robotics supply chains moving out of China
Indian equity benchmarks surged on Monday, June 15, 2026, as the abrupt evaporation of the West Asia geopolitical risk premium triggered an aggressive global market rally. Reversing weeks of intense conflict anxiety, the NSE Nifty 50 soared 231 points to settle at 23,853.90, while the BSE Sensex advanced 736 points to close at 76,264.33, pushing the total market capitalization of BSE-listed firms to an unprecedented ₹462 lakh crore. The primary catalyst was a surprise U.S.-Iran ceasefire agreement scheduled to be formalized in Switzerland on Friday, which immediately sent Brent crude crashing 4.1% to $84 per barrel—its lowest level since March. This massive relief on imported inflation supercharged fuel retail, aviation, paint, and tire manufacturers, while sending the 10-year benchmark bond yield sliding to 6.8957%. Corporate actions shared center stage as billionaire Anil Agarwal’s massive Vedanta demerger reached its final milestone, debuting four sector-pure spin-offs—Vedanta Aluminium Metal (VAML) at ₹522, Vedanta Power at ₹41.80, Vedanta Oil and Gas (VOGL) at ₹38, and Vedanta Iron and Steel (VISL) at ₹20—on the NSE under a strict trade-to-trade delivery mandate. Simultaneously, on the policy front, Gujarat unveiled its Industrial Policy 2026 at Gandhinagar, expanding its priority sectors to 16 to aggressively capture global chip and robotics supply chains moving out of China
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Indian equities delivered a sharp rebound on Friday, shrugging off two days of consolidation as easing crude prices and signs of de-escalation in West Asia revived risk appetite. The Nifty 50 and BSE Sensex both closed nearly 2% higher, recording their strongest single-day gains since late May and restoring confidence across Dalal Street.
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