The Indian equity benchmarks are set to open lower on Friday, June 19, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 206 points or 0.85% to 23,986 amid mixed cues from Asian markets.
The benchmarks rose for a fifth straight session on Thursday, June 18, as sentiment remained positive tracking a decline in crude price and a strengthening rupee against the US dollar.
The SENSEX ended 254 points higher at 77,410 and NIFTY50 index advanced 82 points to settle at 24,168.
In the last five trading sessions, the SENSEX has surged 4.85% and NIFTY50 index has climbed 4.35%.
Asian markets
Asian markets were trading on a mixed note on Friday with Japan’s Nikkei rising 0.3% and South Korea’s KOSPI gaining 2.35%. On the other hand, China’s Shanghai Composite 0.43% and Hong Kong’s Hang SENG declined 1.6%.
Wall Street update
US stocks rebounded from Wednesday’s sell off on the back of gains for big technology companies. Technology stocks had some of the biggest gains and the most influence on the broader market’s rise. Intel surged 10.6% after President Donald Trump announced that the semiconductor giant will make chips for Apple in the US. Other big semiconductor companies gained ground. Nvidia rose 3% and Micron Technology jumped 8.7%, news agency AP reported.
Dow Jones Industrial Average rose 0.14%, S&P 500 index advanced 1.08% and tech heavy Nasdaq climbed 1.91%.
FII/DI activity
Foreign institutional investors (FII) sold shares worth ₹1,025 crore on Thursday while domestic institutional investors bought stocks worth ₹3,517 crore, as per NSE data.
FIIs have so far this year sold shares worth ₹2,83,596 crore, data from National Securities Depository Limited (NSDL) showed.
Stocks to watch
Infosys, TCS, Wipro: Shares of Indian IT companies will be in focus after their US counterpart Accenture revised its revenue guidance lower for the FY27. Besides this, the company’s results remained strong with solid revenue growth, profitability and robust cash flows.
The company’s revenue remained strong at $18.7 billion, up 6% YoY from the previous year’s same quarter. The managed services revenue growth remained strong at 8% YoY to $9.39 billion. At the geographic level, the EMEA regions posted the highest growth amongst other regions at 10%. Whereas the Americas and Asia Pacific showed 2% and 7% YoY growth in revenue, respectively
Weak guidance led to 10% drop in price of Infosys ADR and Wipro’s ADR dropped by 3.63%.
Amber Enterprises: The company’s shares will be on radar after it entered into a manufacturing collaboration with Oppo Mobiles India Private Limited (Oppo India).
OPPO India is a licensed manufacturer of mobile phones for the brands of OPPO, OnePlus, and Realme (the Brands) in India.
Under this collaboration, Amber Group will manufacture mobile phones for the brands, combining the brands’ global product expertise with the Indian partner’s manufacturing scale, operational capabilities, capability to enhance local value addition, and local supply chain strengths, the press release said.
Bharat Forge: Kalyani Strategic Systems Ltd (KSSL), the wholly-owned defence subsidiary of Bharat Forge Ltd, on Thursday announced signing a strategic partnership with American military vehicle maker AM General for distinct mounted artillery gun systems for the global market.
The announcement was made at the ongoing biennial Eurosatory defence exposition in Paris.
The partnership addresses the requirements of modern defence forces worldwide in an evolving combat scenario, equipping them with compact, robust, mobile, all-weather, all-terrain next-gen mounted artillery gun platforms with a distinct competitive edge, KSSL said in a statement.
Tata Motors: Tata Motors has joined the government’s scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR, an official statement said on Thursday.
The statement said that a Memorandum of Understanding (MoU) under the Government of India’s scheme for replacement of old trucks and buses in the Delhi-NCR was signed on Thursday between the Ministry of Road Transport and Highways (MoRTH) and Tata Motors.
Under the agreement, the automaker will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme.
Hindalco: Aditya Birla group firm Hindalco Industries on Thursday announced the appointment of Kapil Agrawal as CEO (Designate) of its copper business with effect from November 1, 2026.
His appointment comes at a time when the global copper market is under pressure from tight supplies and rising demand, driven by the energy transition and expanding electrification.
Agrawal is scheduled to take over as CEO of Copper unit on March 1, 2027, on completion of the tenure of the current head, Rohit Pathak, the company said.