Stock market today: The Indian stock market ended sharply higher on Monday, buoyed by a significant easing of geopolitical concerns after the announcement of a peace agreement between the US and Iran.
Benchmark indices posted strong gains, with the Sensex rising 736.38 points, or 0.97%, to close at 76,264.33, while the advanced 231 points, or 0.98%, to settle at 23,853.90.
However, the market is likely to open on a cautious note as trends in the Gift Nifty index signalled a flat opening on Tuesday, 16 June. Gift Nifty was trading near the 23,932 mark, up over 15 points from the previous close of Nifty futures.
“Indian markets are expected to trade with a positive bias as investors respond to a significant easing of geopolitical risks following a breakthrough in U.S.–Iran negotiations. The United States and Iran have reportedly signed a preliminary agreement, with US President Donald Trump and Iran’s lead negotiator endorsing a framework that could pave the way for the reopening of the Strait of Hormuz. The agreement is being seen as a major step towards regional stability and has strengthened confidence across global financial markets by reducing concerns over energy supply disruptions and broader geopolitical uncertainty. This is expected to support wider market participation and strengthen the ongoing recovery, particularly in oil-sensitive sectors that stand to benefit from lower energy prices and improving economic conditions,” said Ponmudi R, CEO of Enrich Money.
As the is pointing towards a positive start, some stocks are likely to remain in focus on Tuesday due to their own positive/negative triggers.
Stocks to Watch
HCL Technologies
The IT company announced that it will invest ₹1,427.25 crore (approximately $150 million) in Axonwise Private Limited (Sarvam AI), acquiring a 10.46% minority stake through an all-cash transaction
General Insurance Corporation of India
The Government of India on Monday, June 15, initiated an Offer for Sale (OFS) in state-owned reinsurer GIC Re, aiming to divest up to a 5% stake in the company.
State Bank of India
The Board of Directors is scheduled to meet on June 18 to evaluate proposals for raising funds in FY27 through either a public issue or a private placement.
Mahindra & Mahindra Financial Services
The Board of Directors has approved the issuance of non-convertible debentures (NCDs) of up to ₹1,000 crore through a private placement route.
Oil India
The company has entered into a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to jointly pursue research, innovation, and technology development in the energy sector.
Yes Bank
Yes Bank and Northern Arc Capital have partnered to broaden credit access, accelerate digital lending initiatives, and provide customers with a wider range of debt investment opportunities.
Adani Enterprises
The Adani Group and Jabil Inc. have revealed plans to enter into a strategic partnership aimed at creating an AI and data center infrastructure manufacturing platform in India.
Craftsman Automation
The engineering company announced that its Fund-Raising Committee has cleared the launch of a Qualified Institutions Placement (QIP) of equity shares, aiming to raise up to ₹2,000 crore.
Devyani International
Devyani International and Sapphire Foods India have secured the necessary observation letters from the NSE and BSE, clearing the way for the companies to proceed with their proposed merger.
Bandhan Bank
Private sector lender Bandhan Bank Ltd announced on Monday (June 15) that its board has approved the sale of select non-performing assets (NPAs) from its housing finance portfolio to asset reconstruction companies (ARCs).
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.