
Sensex Today | Nifty 50 | Stock Market Highlights: The Indian stock market surged on Wednesday, with the Sensex and Nifty gaining up to 1%, driven by improved investor sentiment after RBI Governor signalled that talks around further rate hikes may be premature, alongside a rebound in South Korean equities and other supportive global cues.







Textile stocks surged after brokerages turned bullish, citing improving global demand, easing inflation, and favourable trade agreements with the UK and EU. Analysts expect India to gain market share and enter a multi-year growth phase, supported by tariff advantages, stronger exports, and better industry fundamentals.

Japan’s Nikkei declined for a second straight session, dragged by losses in chip stocks amid concerns over U.S. rate hikes and elevated AI valuations. The index slipped 0.88%, tracking a sharp drop in U.S. semiconductor stocks, while insurance shares also weakened, offsetting gains in select retail stocks.

Equitas Small Finance Bank plans to raise up to Rs 5 billion via non-convertible debt securities and up to Rs 12.5 billion through a qualified institutions placement. The bank also approved the reappointment of P N Vasudevan as MD and CEO and appointed Mukund Shyamrao Barsagade as CFO.
NSE and BSE will remain closed on June 26 for Muharram, while MCX will shut its morning session and reopen for evening trading; NCDEX will stay closed for the full day. With nine of 16 market holidays in 2026 already over, the next closures are scheduled from September through December. Read more


Nomura cut Anant Raj’s target price to Rs 650 from Rs 700, citing slower cloud capacity ramp-up and delays in residential launches, while maintaining a Buy rating.
Earnings estimates for FY27 and FY28 were lowered, with reduced assumptions on cloud capacity addition and contribution to overall business mix.
Despite near-term headwinds, growth outlook remains supported by improving data centre revenues, upcoming capacity additions, and strong cash flow from the residential segment.
Bitcoin fell to around $62,600, extending its decline from June highs as investors trimmed exposure to risk assets following a selloff in AI and tech stocks, with ETF outflows, weak liquidity and a hawkish Fed adding pressure, while technical indicators point to a cautious outlook with support near $61,900 and resistance around $64,200.

Shapoorji Pallonji Group has offered bondholders a 30-basis point fee to extend repayment of Rs 143 billion zero-coupon bonds issued by Goswami Infratech beyond the June 30 deadline, while also seeking to relax a key debt condition at Porteast Investment, highlighting ongoing refinancing challenges and liquidity stress amid falling collateral value linked to its Tata Sons stake and continued lender negotiations. Read more

The issue was subscribed 11.18 times on Day 1, led by strong demand from NIIs at 23.73 times and retail investors at 11.55 times.



- Rajesh Palviya, Head of Research at Axis Direct
Rupee fell 10 paise to 94.86 against the US dollar in early trade, extending its losing streak amid a firm greenback and importer demand. Lower crude prices and modest FII inflows capped losses. Analysts see a cautious trend, with resistance near 95 and support around 94.10.



IRFC shares are expected to remain in focus as the government’s OFS opens for non-retail investors, offering a 1% stake with a greenshoe option for another 1%. The floor price is set at Rs 91 per share. The railway financier posted stable March-quarter earnings and trades nearly 60% below its 2024 peak. Read more