Morning Brief: Nifty Rises 0.40% to 24,085; DIIs Drive Markets with ₹1,561 Cr Inflow | 18 Jun 2026, 08:15 AM IST
By Sivam
Indian equities extended gains for a fourth session, with Nifty closing at 24,085.70. Domestic institutional investors were strong buyers, while global cues remained mixed ahead of the US Fed decision.
Indian equity benchmarks continued their upward trajectory for a fourth consecutive session on Wednesday, buoyed by robust domestic institutional buying and easing crude oil prices. The Nifty 50 closed above the 24,000 mark, with broader markets also seeing positive momentum.
Market Snapshot
| Index | Last |
|---|---|
| NIFTY | 24,085.70 (+0.40%) |
| BANKNIFTY | 57,585.05 (+0.50%) |
| NIFTYMIDCAP | 62,123.35 (+0.52%) |
Institutional Flows
Domestic Institutional Investors (DIIs) provided significant support to the market, recording a net inflow of ₹1,561.40 crore on Wednesday. Foreign Institutional Investors (FIIs) also turned net buyers, with a modest inflow of ₹101.59 crore. Over the last three sessions, FIIs have shown mixed activity in equities but have been consistent net buyers in the debt market.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-06-17 | +101.59 | +1561.40 |
| 2026-06-16 | -749.18 | +0.06 |
| 2026-06-15 | +200.05 | +3189.26 |
SEBI data indicates FIIs were net buyers in equities by ₹2,885.14 crore and in debt by ₹3,638.82 crore on June 17, 2026.
Sector Performance
PSU Banks led the sectoral gains, while Auto and Realty sectors witnessed some profit booking.
| Sector | Last |
|---|---|
| Nifty PSU Bank | 8,713.10 (+1.75%) |
| Nifty IT | 28,809.55 (+0.85%) |
| Nifty Pharma | 24,146.55 (-0.05%) |
| Nifty Financial Services | 26,404.95 (-0.14%) |
| Nifty FMCG | 49,556.05 (-0.17%) |
| Nifty Realty | 814.60 (-0.43%) |
| Nifty Auto | 26,724.40 (-0.62%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| Gainers | ||
| TRENT | Trent Ltd. | 3,102.80 (+7.07%) |
| BEL | Bharat Electronics Ltd. | 419.85 (+3.02%) |
| HINDALCO | Hindalco Industries Ltd. | 1,007.90 (+2.60%) |
| ETERNAL | Eternal Ltd. | 258.40 (+1.89%) |
| TATASTEEL | Tata Steel Ltd. | 199.01 (+1.54%) |
| Losers | ||
| TMPV | Tata Motors Passenger Vehicles Ltd. | 360.95 (-8.30%) |
| CIPLA | Cipla Ltd. | 1,350.80 (-1.63%) |
| ONGC | Oil & Natural Gas Corporation Ltd. | 245.00 (-1.29%) |
| BAJAJFINSV | Bajaj Finserv Ltd. | 1,764.60 (-1.27%) |
| AXISBANK | Axis Bank Ltd. | 1,350.90 (-1.08%) |
Global Cues
Global markets presented a mixed picture, with US markets closing mostly in the red on Tuesday following a significant 15.4% fall in housing starts for May 2026. Asian markets traded mixed, though Seoul shares rose and Chinese shares gained after the PBoC unveiled new financial policy measures. Brent crude futures eased towards the $78 per barrel mark amidst optimism surrounding a potential US-Iran interim peace agreement. Investors are keenly awaiting the outcome of the US Federal Reserve’s interest rate decision later today.
Currency & Bond Markets
The Indian rupee showed mild strength against the US dollar, closing provisionally at 94.59, strengthening by 1 paisa from its previous close. In the bond market, yields traded lower, with the new 10-year Government Stock yielding 6.85%, down 1 basis point from Tuesday’s close.
Economy & Policy
- India and Canada have agreed to finalise a free trade agreement by the end of 2026, aiming to strengthen bilateral relations.
- Finance Minister Nirmala Sitharaman hinted at additional measures to attract foreign investment into Indian markets, beyond recent exemptions on withholding tax and capital gains tax.
- Commerce and Industry Minister Piyush Goyal urged French businesses to increase investments in India’s manufacturing sector.
- India and Sri Lanka are exploring ways to settle trade in local currencies to mitigate dollar volatility.
- A CAG report highlighted a 131% jump in states’ total expenditure between FY16 and FY25, reaching ₹51.20 lakh crore in FY25.
- India’s defence production achieved a new peak of ₹1.78 lakh crore in FY26, marking a 15.6% growth, driven by the Atmanirbhar Bharat push.
Corporate & Earnings News
- Enviro Infra Engineers saw gains after incorporating two wholly-owned subsidiaries.
- Arfin India surged as its arm signed an MoU with Toyo Denka Kogyo, JFE SHOJI Corporation, and JFE Shoji India.
- Power Grid inched up after emerging as a successful bidder for a transmission project.
- TCS announced a multi-year strategic partnership with Tottenham Hotspur Football Club as its Digital Transformation Partner.
- Meta Infotech secured orders worth ₹2.40 crore with a contract period of 3.25 years.
- Kirloskar Ferrous Industries secured a pig iron supply contract valued at approximately $13.51 million.
- RailTel Corporation bagged a Letter of Intent worth ₹52.56 crore, to be executed by January 12, 2027.
- Healthcare Global Enterprises Ltd. announced the suspension of its HCG KR Unit Ethics Committee for 24 months.
- Susan Electricals India Ltd. announced the listing of its equity shares.
Inflation Update
May 2026 saw India’s wholesale price index (WPI) inflation reach 9.68% under the new 2022-23 base year, driven by higher food and fuel prices. Retail inflation, measured by the CPI, also surged to 3.93% in May from 3.48% in April, primarily due to rising food and fuel costs, though it remains within the RBI’s target range.
IPO Watch
The primary market is active with several IPOs currently open for subscription:
- Riyaasat Lifestyle Ltd.: Open from June 18-22, with a price band of ₹102-108.
- Avience Biomedicals Ltd.: Open from June 18-22, with a price band of ₹196-208.
- Liotech Industries Ltd.: Open from June 17-19, with a price band of ₹321.
- Leapfrog Engineering Services Ltd.: Open from June 17-19, with a price band of ₹21-23.
- Diksha Polymers Ltd.: Open from June 17-19, with a price band of ₹112.
- Clay Craft India Ltd.: Open from June 17-19, with a price band of ₹193-203.
Despite mixed global cues, strong DII inflows and a strengthening rupee provided a solid foundation for Indian markets, pushing key indices higher for the fourth consecutive session.
The resilience of domestic buying, coupled with positive FII debt flows, suggests underlying strength, even as investors await clarity from the US Federal Reserve’s policy decision.