Morning Brief: Nifty Rises 0.98% to 23,853; DIIs Net Buy ₹3,189 Cr Amid Global Peace Deal | 16 Jun 2026, 08:15 AM IST
By Sivam
Indian equities extended gains with Nifty at 23,853.90, propelled by easing geopolitical tensions and strong domestic institutional buying, despite FII equity outflows.
Indian equity benchmarks recorded their second consecutive day of gains, with the Nifty 50 closing at 23,853.90. Markets were buoyed by positive global cues and a significant decline in crude oil prices, following a breakthrough peace agreement between the United States and Iran.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,853.90 (+0.98%) |
| Nifty Bank | 57,198.80 (+0.68%) |
| Nifty Midcap 100 | 61,549.65 (+1.29%) |
Institutional Flows
Domestic Institutional Investors (DIIs) continued their robust buying, injecting a net ₹3,189.26 crore into the market on Monday. Foreign Institutional Investors (FIIs) were marginal net buyers in overall cash equities, with a net inflow of ₹200.05 crore.
| Date | FII Net (₹ Cr) | DII Net (₹ Cr) |
|---|---|---|
| 2026-06-15 | +200.05 | +3,189.26 |
| 2026-06-12 | -1,082.18 | +5,341.29 |
| 2026-06-11 | -1,987.09 | +4,224.51 |
| 2026-06-10 | -2,124.98 | +3,123.95 |
| 2026-06-09 | -4,566.03 | +6,159.48 |
Looking at SEBI data, FIIs were net sellers in equities by ₹596.85 crore on June 15, but significantly invested in debt, with a net inflow of ₹3,735.23 crore.
Sector Performance
Broad-based buying was observed across sectors, with Realty and Auto leading the charge.
| Sector | Last |
|---|---|
| Nifty Realty | 800.05 (+3.96%) |
| Nifty Auto | 26,977.50 (+2.60%) |
| Nifty Financial Services | 26,274.80 (+1.28%) |
| Nifty IT | 28,067.90 (+0.98%) |
| Nifty PSU Bank | 8,581.30 (+0.62%) |
| Nifty FMCG | 49,043.40 (+0.44%) |
| Nifty Pharma | 24,220.10 (-0.66%) |
Top Movers
Among the Nifty 50, Trent and Shriram Finance were among the top gainers, while NTPC and Bajaj Auto saw declines.
Gainers
| Symbol | Company | Last |
|---|---|---|
| TRENT | Trent Ltd. | 2,901.10 (+5.29%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 1,000.65 (+4.79%) |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 581.20 (+4.65%) |
| EICHERMOT | Eicher Motors Ltd. | 7,624.50 (+4.27%) |
| INDIGO | Interglobe Aviation Ltd. | 4,880.40 (+3.62%) |
Losers
| Symbol | Company | Last |
|---|---|---|
| NTPC | NTPC Ltd. | 348.10 (-1.64%) |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 9,943.00 (-1.19%) |
| ONGC | Oil & Natural Gas Corporation Ltd. | 243.65 (-1.04%) |
| ICICIBANK | ICICI Bank Ltd. | 1,327.60 (-0.98%) |
| HINDALCO | Hindalco Industries Ltd. | 1,013.90 (-0.75%) |
Global Cues
Asian markets closed higher on Monday, with Japan’s Nikkei 225 surging past the 69,000 level. This positive sentiment stemmed from a breakthrough agreement to end the conflict between the United States and Iran, which is expected to ease inflationary pressures and reduce the need for interest rate hikes. Falling crude oil prices further supported the rally across risk assets.
IPO Watch
Open Now
- Horizon Reclaim (India) Ltd.: The IPO, with a price band of ₹98-103, is open for subscription and closes today, June 16, 2026.
Upcoming
- Avience Biomedicals Ltd.: Opening June 18, 2026, with a price band of ₹196-208.
- Liotech Industries Ltd.: Opening June 17, 2026, with an issue price of ₹321.
- Leapfrog Engineering Services Ltd.: Opening June 17, 2026, with a price band of ₹21-23.
- Diksha Polymers Ltd.: Opening June 17, 2026, with an issue price of ₹112.
- Clay Craft India Ltd.: Opening June 17, 2026, with a price band of ₹193-203.
Currency & Macro
The Indian rupee strengthened against the US dollar, closing at 94.77, up 41 paise from its previous close of 95.18. On the economic front, India’s wholesale price index (WPI) inflation surged to 9.68% in May 2026 under a new revised series, driven by higher food and fuel prices. Retail inflation also rose to 3.93% in May. Commerce and Industry Minister Piyush Goyal encouraged French businesses to increase investments in India’s manufacturing sector. The World Bank projects India’s economic growth to moderate to 6.6% in FY27, though it will remain the world’s fastest-growing major economy.
Corporate Announcements
- CORONA Remedies Ltd.: Filed its Annual Report under Regulation 34 (1).
- Arvind Smartspaces Ltd.: Issued a Press Release/Media Release under Regulation 30 (LODR).
- Hampton Sky Realty Ltd.: Announced the resignation of a Director under Regulation 30 (LODR).
The US-Iran peace deal has significantly boosted global market sentiment, leading to broad-based gains in Indian equities and a stronger rupee, despite persistent FII equity outflows.