Stock Market Today Live, June 24: Sensex off day’s high, up 650 pts, Nifty near 24,000; Trent, Indigo top gainers

Bajaj Finance board approved allotment of NCDs aggregating to ₹2,000.45 Crore on private placement basis

Saregama India appoints Abhishek Kapoor as Chief Financial Officer

Saregama India informed the appointment of Abhishek Kapoor as Chief Financial Officer (”CFO”) with effect from 15th July, 2026; and appointment of Mr. Kuldeep Kothari as Interim Chief Financial Officer with effect from 24th June, 2026. He will demit from the position of Interim CFO on 14th July, 2026.

United Drilling tools secures repeat export order worth ₹1 crore from Brazil

United Drilling Tools received another repeat export order from Argentera Oil and Gas, Brazil for the supply of Casing Pipe with multi start Connector to M/s Petrobras, Brazil in the ordinary course of business. 

(Contract value: Rs 1 crore.)

Shares flat at Rs 218.79 on the NSE.

Market analysis by Vikram Subburaj, CEO, Giottus.com

Bitcoin was trading around $62,500 on June 24. The price was down nearly 13.3% from the $72,145 levels seen at the start of June and almost 4.6% below the $65,500 levels touched earlier this week. 

The immediate technical picture suggests caution. Bitcoin has established support around $61,900-$60,900, while resistance now sits at $64,200, followed by a stronger supply zone near $65,500-$67,000. Until either side breaks decisively, the market may continue to oscillate inside this broad 9-10% trading range. 

More importantly, on-chain data suggests this is not a euphoric market undergoing a healthy correction. It is a market under stress. According to data, Bitcoin’s Net Unrealised Profit/Loss (NUPL) has dropped to 0.20. The proportion of supply in profit has fallen from 64% to 54% and realised losses have surged 78% month-on-month to $714 million. Also, realised profits have collapsed 57% to $194 million. The realised profit-to-loss ratio has shrunk to 0.27, indicating that investors are booking losses at a much faster pace than gains. 

Institutional participation has also weakened considerably. US spot Bitcoin ETFs experienced approximately $5 billion of cumulative outflows across 19 of 22 sessions through mid-June. Even though there was a modest rebound of $68.2 million in inflows on June 23, the broader trend still points towards institutional hesitation rather than renewed conviction. Earlier this month, ETFs had already recorded 13 consecutive sessions of outflows worth $4.4 billion before briefly stabilising. 

The market’s attention has now shifted entirely towards macroeconomic data. The next major event is the US Personal Consumption Expenditures (PCE) inflation report on June 25. This is the Federal Reserve’s preferred inflation gauge. Economists expect headline PCE inflation to remain elevated around 4.1% year-on-year, while core PCE could stay near 3.4%. Persistent inflation would reinforce expectations of a prolonged higher-rate environment, which has historically weighed on risk assets, including crypto. 

The broader macro backdrop has also become less supportive. Recent weakness in global technology stocks saw the Nasdaq decline 2.2%, the S&P 500 fall 1.4%, and investors rotate towards safer assets. Crypto, which increasingly trades in tandem with growth assets, has not been immune to this shift. 

Altcoins are mirroring this cautious sentiment rather than diverging from it. Ethereum was trading near $1,670, declining about 3.5% over 24 hours. XRP was hovering around $1.10, down nearly 3%, while BNB traded near $578, losing about 2%. Stablecoins such as USDT and USDC continued to hold their pegs close to $1, reinforcing that investors are temporarily prioritising capital preservation over aggressive risk-taking. 

Our advice: Investors should avoid reacting to every intraday move while Bitcoin remains trapped between $61,000 and $67,000. Instead of deploying capital all at once, staggered allocations and a higher cash buffer may prove prudent until ETF flows and inflation data begin showing sustained improvement.

Prostarm Info Systems Emerges L-1 Bidder for ₹4.03 Crore Karnataka Fire Services Order

Prostarm Info Systems Ltd declared as L-1 bidder by Karnataka State Fire and Emergency Services for Supply Installation Testing and Commissioning of 3 KVA UPS with Battery Conforming to IS 16242 for Rs 4.03 crore price.

Shares flat at Rs 141.79 on the NSE.

Navi UPI launches Navi Secure

Navi UPI, one of India’s fastest-growing UPI apps, introduced Navi Secure, a unified safety framework that brings together the platform’s existing fraud prevention, risk monitoring and user protection capabilities under a single trust and security proposition.

As digital payments scale rapidly across India, fraud patterns are becoming increasingly sophisticated, spanning social engineering attempts, fake merchants, compromised devices and high-risk digital environments. Navi Secure reflects Navi’s continued focus on strengthening customer protection through intelligent risk detection, proactive user alerts and layered safeguards designed to help users make safer payment decisions.

Instead of relying only on post-facto reporting and recovery, the capability focuses on identifying risk signals early and enabling preventive interventions where applicable.

Stock in focus: Hindustan Copper

Hindustan Copper: Forest Department, Government of Rajasthan has granted Forest Clearance Co-terminus to Chandmari copper mine lease period in District Jhunjhunu, Rajasthan of the company.

Shares traded at Rs 492.60 on the NSE.

MAS Financial Services board approved NCDs aggregating to ₹140 crore.

Kolkata Metro has partnered with ABB to enhance the efficiency, reliability and safety of its expanding urban transit network.

Imagicaaworld Entertainment shares jump 10%

Imagicaaworld Entertainment shares jumped 10 per cent to ₹51.93 on the NSE. The company has informed about the commencement of operations at Imagicaa Water Park in Khopoli, Maharashtra, with effect from June 26 following rains in the catchment areas.

Deccan Gold Mines secures ₹3 crore debt funding

Deccan Gold Mines stock was flat on the NSE at ₹215.65. The company has finalised documentation to secure a debt funding arrangement worth ₹3 crore from Modali Consultants LLP.

Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%

Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%

Axis Bank issues $300 million Senior Unsecured Notes at 5.348% with a “Baa3” rating from Moody’s, enhancing NRI client leverage.

Aye Finance announce rating upgrade to IND A+ (Stable Outlook) from India Rating & Research

Rupee falls 10 paise to 94.86 against US dollar in early trade

Rupee falls 10 paise to 94.86 against US dollar in early trade

Rupee declined 10 paise to 94.86 against the US dollar in early trade on Wednesday as the greenback continued to gain in strength.

Stock in focus: Biocon

Biocon announced that its long-standing partner, Duopharma Biotech Berhad, via its wholly-owned subsidiary Duopharma (M) Sendirian Berhad, has secured multiple insulin contracts from the Ministry of Health (MoH), Malaysia, valued at over MYR 225 million this year.

Shilpa Biologicals Commissions Advanced ADC GMP Manufacturing Facility

Shilpa Biologicals Ltd, a material subsidiary of Shilpa Medicare Ltd, today announced the commissioning of a state-of-the-art Antibody–Drug Conjugate (ADC) GMP Manufacturing Facility, purpose-built and designed to meet global regulatory approval standards including US FDA, EMA, and other major health authority requirements. The facility is fully operational, with GMP qualification protocols now actively underway, placing Shilpa on a clear path to commercial readiness.

Pre market quote | Gaurav Udani, Founder – ThinCredBlu Securities

Nifty is expected to open lower around 23,760, down nearly 60 points, indicating a cautious start amid weak sentiment and mixed global cues.

The index has witnessed increased volatility in recent sessions, and traders should remain cautious as the market continues to react to both global developments and domestic triggers.

Technically, 23,600–23,700 remains an important support zone. A break below this range could invite further selling pressure. On the upside, 24,000–24,100 will act as the immediate resistance zone, where recovery attempts may face supply.

The overall setup remains uncertain, with the market lacking a strong directional trend. Until key resistance levels are reclaimed, traders should avoid aggressive long positions and focus on disciplined risk management.

For now, a cautious and level-based approach is advisable, with close attention to support levels and global market developments.

Oil slide poised to keep Indian bonds steady-to-higher

Indian government bonds are set for a steady-to-higher open on Wednesday, supported by oil’s continued retreat, though doubts over the U.S.-Iran truce and dollar-led ‌pressure on the rupee may keep traders wary.

The benchmark 6.94% 2036 bond yield is expected ⁠to trade between 6.81% and 6.85%, a private bank trader said. It closed at 6.8364% on Tuesday. Bond yields move inversely to ‌prices.

Oil prices neared pre-war levels as more ships moved through the Strait of Hormuz. Brent crude ‌was down 0.53% at $76.68 in Asian trade, about $5 ‌above ⁠levels seen before the conflict.

Pre market opening quote by Vikram Kasat

Weak cues from Wall Street, rising USD index may lead to some more consolidation in stocks when Dalal Street opens for trade on Wednesday. For Indian markets positives like fall in crude prices and a small rebound in Software names may help indices stabilize after opening volatility. Participants may look at a probable bounce in Software stocks alongwith strength in stocks that have led the markets in June.

CITI ON BEL

Target Price ₹515

Recommendation Accumulate

Recent Developments Incrementally Positive

Reiterate a Top Pick

Recent order wins are spread across multiple product categories

Timing of large-value QRSAM conversion remains a monitorable

Think the combination of steady base orders, improving macro and incremental export optionality

This should provide continued conviction in BEL’s medium-term growth visibility

Samsung Electronics plans 90 trillion won share buyback

Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) ‌after agreeing to give a bonus in ⁠stock to employees following recent wage talks, the Yonhap News Agency ‌reported on Wednesday.

The memory-chip maker will soon announce ‌details on the plan, ‌Yonhap ⁠said, citing unidentified industry ⁠sources.

Management and union last month reached a pay deal under which Samsung is ‌expected to set aside about 10.5% of its operating profit for special bonuses ‌for the chip division in the form of stocks, sparking concerns over ⁠inequality at the company.

Samsung is estimated to have to ‌spend 154 trillion won on the bonus, including 40% in taxes, Yonhap said. (Reuters)

Wipro Partners with Palo Alto Networks to Deliver AI-Powered Cyber Defense

Wipro Limited announced the expansion of its partnership with Palo Alto Networks, the global AI cybersecurity leader, to offer AI-driven Managed Detection and Response (MDR) services.

The partnership brings together Palo Alto Networks’ Cortex XSIAM with CyberShieldSM, Wipro’s managed security services capabilities in a more focused offering for modern security operations. The new offering will deliver proactive cyber defense with simplified workflows using machine learning, AI, and automation to predict and protect against future attacks. It will enable faster detection and response across complex environments, while filtering signals from noise, improving analyst efficiency, and increasing focus on critical, high-impact threats.

This offering is supported by Wipro’s WEGA and WINGS, AI delivery platforms that are a part of Wipro Intelligence™, suite of AI-powered platforms, solutions, and transformative offerings for workflow orchestration, service transition, and automation at scale across security operations.

HDFC Mutual Fund Launches HDFC Nifty Auto Index Fund

HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses, has launched HDFC Nifty Auto Index Fund (the “Scheme”), an open-ended scheme that seeks to provide investors an opportunity to participate in India’s automobile and auto ancillary growth story through a passive investment strategy. The New Fund Offer (NFO) opened on June 22, 2026 and closes on July 3, 2026.

India’s automobile sector remains a key pillar of the country’s economic growth, manufacturing expansion, employment generation, and export competitiveness. The Scheme will invest in the constituents of the Nifty Auto Index (TRI), which comprises leading companies across passenger vehicles, two-wheelers, commercial vehicles, auto components, and related segments of the automobile ecosystem. The index currently consists of 15 stocks selected from the Nifty 500 universe and is designed to reflect the performance of India’s automobile sector.

Colin Shah, MD, Kama jewelry, on performance outlook of Gold and Indian jewellery exports during CYH2 2026

Currently, the yellow metal is trading in a tense environment, and after undergoing an economic turmoil for almost the entire H1 and a correction of ~15% in USD terms, gold performance is expected to gradually get back on track in H2, provided there is a concretized peace deal in place. Traditionally, gold prices do witness an upward swing during the August to October phase, given the festive season, along with the holiday season in the West. However, amid the optimism, it remains crucial to wait and watch how the situation unfolds.

The Indian jewellery exports are expected to be cautiously optimistic. While the sector is likely to face pressure from high gold prices, leading to some softening of demand in both international and domestic markets, India’s prowess will be reflected in the diversification of markets through new FTAs that will support recovery momentum alongside the demand revival in mainstream export destinations. We shall witness a rise in demand for lightweight studded jewellery, given the conservative yet excited buying behaviour of customers.

Bajaj Capital Begins Its Next Growth Chapter Under Jai Bajaj’s Leadership

Bajaj Capital today announced its next phase of growth under the leadership of Jai Bajaj, who took over as Managing Director & CEO effective April 1. The leadership transition marks a significant milestone for the company as it builds on its 60+ years of legacy of trust while accelerating its transformation into a technology-enabled, insight-driven financial advisory organization.

Sharing his vision, Jai Bajaj, Managing Director & CEO, Bajaj Capital, said, “Bajaj Capital was built by my grandfather K.K. Bajaj’s pioneering vision of bringing financial planning to Indian families at a time when the concept was still emerging in the country. My father, Rajiv Bajaj, built on this foundation with a vision to take Bajaj Capital beyond financial well-being towards a more holistic approach covering financial security, health, wellness, and longevity. As we enter the next phase of our journey, our focus is on bringing this vision to life by combining decades of trust, human expertise, technology, data, and AI to create more personalized and meaningful experiences for our customers.

Financial planning today is no longer simply about managing money or products; it is about understanding people’s life journeys and helping them achieve their most important milestones with confidence and clarity. Our vision is to become a lifelong partner supporting customers through every stage of their journey.”

NIIT Launches Comprehensive AI Solutions to Build the AI-Ready L&D Enterprise

NIIT Learning Systems Limited (Ticker Symbol: NIITMTS), a global leader in managed learning services today announced the launch of a comprehensive set of AI solutions designed to help enterprises build the AI-ready L&D organization. Unified under a single framework, the portfolio brings together four integrated solution areas that together equip learning functions to operate, scale, and lead in an environment increasingly shaped by AI.

Market wrap by Ankur Punj, MD & Business Head at Equirus Wealth

Markets witnessed a rout due to weak global cues, as the slump in the South Korean benchmark index coupled with lingering concerns over the lack of progress in the West Asia peace deal triggered massive selling in IT, banking, metals and telecom stocks. Renewed fears of an upsurge in crude oil prices after the recent fall also prompted investors to prune their equity bets. If inflation ascends due to higher crude oil prices, concerns over a US Fed interest rate hike over the next few months could lead to extended FII fund outflows from India.

Day Trading Guide for June 24, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for June 24, 2026: Intraday supports, resistances for Nifty50 stocks

Explore key intraday supports and resistances for Nifty50 stocks with actionable trade recommendations in this day trading guide.