NSE Indices has introduced 11 new sectoral benchmarks, taking its total sectoral index count to 34. The move aims to deepen sector-specific market coverage, support the growing passive investment ecosystem and provide fund managers with new benchmarks for ETFs, index funds and thematic products.
Monarch Networth Capital expects Nifty to reach 27,000-28,000 in 2026, driven by earnings recovery, capex growth and lower interest rates. The brokerage favours banking, telecom and IT sectors, while seeing opportunities in select midcap and smallcap stocks including SBI, HFCL and Hindustan Copper.
SpaceX shares extended gains in pre-market trading on Monday after a record-breaking IPO debut that pushed its valuation above $2 trillion last week. Investor optimism strengthened further after Elon Musk said the company could generate over $1 trillion in annual revenue by 2030, fueling enthusiasm around its long-term growth prospects.
Gold and silver prices surged over 2% on MCX after a US-Iran peace framework eased inflation fears and lowered rate-hike expectations. Falling oil prices, softer yields and a weaker dollar supported bullion, while jewellers reported improved customer footfalls and renewed buying interest.
The Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve Bank of India to attract foreign currency. The rupee reached its highest level in five weeks. Traders anticipate a supportive near-term phase for the currency. Lower oil prices and expected dollar inflows are key factors.
Jaiprakash Associates is set to be delisted from the BSE and NSE from June 18 following the completion of insolvency proceedings and Adani Group’s acquisition. Existing shareholders will receive no consideration as the approved resolution plan fully extinguishes the current shareholding structure.
A US-Iran peace framework has sparked a sharp rally in Indian markets, sending crude oil prices lower, strengthening the rupee and prompting FII short covering. Analysts believe easing macroeconomic pressures could improve growth prospects, though caution persists over elevated valuations in mid- and small-cap stocks.
Vedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlocking about Rs 63,500 crore in shareholder value. Since the demerger’s April 29 ex-date, investors have gained roughly 22.5%, with the combined market capitalization of the five standalone entities rising from Rs 3.02 lakh crore to Rs 3.66 lakh crore.
Five NSE F&O stocks recorded over 6% growth in futures open interest on June 12, indicating rising trader participation and fresh positioning. Nuvama Wealth, Radico Khaitan and Hindalco led the increase.
Vedanta Oil & Gas shares debuted at Rs 39 on BSE and Rs 38 on NSE as part of Vedanta’s mega demerger that led to four new listings. The company’s valuation came broadly in line with estimates, marking a key milestone in one of India’s largest corporate restructuring exercises.
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