Stock Market Today (24 Jun 26): Nifty down by 0.12% and Sensex up by 0.04%

Indian markets are likely to be volatile today amid weak cues from the global markets, foreign fund inflows, and a weaker rupee. The previous session ended the day with negative sentiment amid profit booking across various sectors after the recent rally.

Global cues

• Both Asian markets and U.S markets traded mixed as investors tracked efforts to resume maritime operations in the Persian Gulf and reacted to global sell-off in semiconductor stocks amid growing debt-funded AI spending.

Gift Nifty

• On June 24, 2026, the GIFT Nifty traded in red, signalling a negative start to the day amid weak global sentiment.

Asian Markets

• Asian markets, except KOSPI and Hang Seng, traded lower amid a global selloff in technology and semiconductor shares, ‌with analysts cautioning about the risk of renewed volatility.
• Hang Seng traded higher led by gains in  pharmaceutical contractor Wuxi AppTec rose 9.1% and its affiliate Wuxi Biologics by 6.3%. 
• KOSPI traded higher with gains from chipmaking majors Samsung and SK Hynix.

US & European Markets

• The Dow Jones and Nasdaq traded lower with Micron Technology down by 13%, Sandisk by 13%, Seagate Technology by 5%, Intel by 6%, Advanced Micro Devices and Qualcomm lost almost 6% and 8%, respectively.
• S&P 500 traded in the green as investors await Micron Technology's earnings report for indications on semiconductor demand and broader trends across the sector.

• The United Kingdom’s FTSE traded in red following the resignation of Keir Starmer and as investors turned cautious to what Andy Burnham's leadership could mean for the UK’s fiscal position.
• The French index, CAC, traded in red, amid losses in Financial stocks traded lower, with Societe Generale down by 1.5%.
• The German index, the DAX, closed trading lower, dragged by the losses in Infineon down by 5.86%, Siemens Energy by 3.93%, and Vonovia by 3.21%.

Commodities

• Crude oil prices traded lower on easing supply disruptions in the Middle East. 
• Precious metals, such as gold and silver, traded in the red on expectations of tighter Fed policy.
• Natural gas traded lower, dragged by abundant inventories and cooler weather.

Currency Movements

• The dollar index traded higher following a broad sell-off in technology and semiconductor shares sparked safe-haven demand for dollars and bonds.
• The pound and dollar strengthened against the rupee amid weak domestic markets.
• The Euro weakened against the rupee as the foreign investors entered from the Indian markets.

Sectors to watch

• Banking Sector: Indian banks are focusing on a four-pillar cybersecurity framework comprising code and identity concealment, AI-driven threat detection, micro-segmentation, and zero-trust architecture and prepare defences against frontier AI models capable of autonomously finding software vulnerabilities.
• Metals & Mining Sector: Union mines secretary Piyush Goyal said that India expects to operationalise up to 60 new mines in FY27 with 36 mines including 28 greenfield mines operationalised in 2025-26.
• Pharma Sector: Niti Aayog proposed a blueprint for free trade agreements to boost regulatory predictability in India's pharmaceutical sector to enhance regulatory predictability, while urging India to diversify into high-value pharmaceutical segments.

Stocks to watch

• Infosys: Infosys expanded multi-year partnership with Nasdaq-listed GlobalFoundries, a leading semiconductor manufacturer, for delivering AI-led managed services across GF's enterprise IT landscape.
• Honasa Consumer: Honasa Consumer acquired 58% majority stake in Fluence Pharma, a science-backed nutraceuticals company, marking the company's entry into the high-growth nutraceuticals segment.
• Rashi Peripherals: Rashi Peripherals acquired a 67% stake in VDA Infosolutions for ₹368.50 crore, subject to the fulfilment of customary closing conditions and the remaining 33% stake will be acquired in three equal annual tranches of 11% each in August 2027, August 2028, and August 2029, respectively.
• City Union Bank: City Union Bank approved August 14 as the date for the Annual General Meeting and fixed July 31 as the record date for the dividend.

FII and DII Inflows - 23rd June 2026

(The above numbers are in ₹ Cr)

• On 23rd June, net fund inflows were at ₹698.07 crore, with domestic institutional investors and foreign institutional investors as net buyers, strengthening the markets.

Global Events & Updates

• On June 24, the United States will release the new home sales data for the month of May.
• Russia will release the consumer confidence for Q2 today.
• Denmark will release the IFO Business Climate, current conditions, and expectations data today.

Things to look out for

• The UK’s total order book balance dropped to -45 in June 2026, the lowest since September 2020, and worse than market expectations of -35. 
• Mexico’s economic activity rose 2.3% YoY in April 2026, beating expectations of a 1.9% growth.