RELIANCEReliance IndustriesBearish
Exhibits a bearish technical trend and has received a 'Sell' rating from MarketsMojo, despite potential benefits from falling crude prices.
Morning Brief
Morning Brief
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Sunday, 14 June 2026
Market Outlook
Indian markets are poised for a positive opening on Monday, June 16, 2026, primarily driven by strong global cues. Optimism surrounding a potential US-Iran ceasefire agreement has led to a significant drop in crude oil prices, which is a major positive for India, easing inflation and current account deficit concerns. However, persistent selling by Foreign Institutional Investors (FIIs) remains a key area of concern, though strong buying from Domestic Institutional Investors (DIIs) continues to provide a crucial support base.
FII / DII Flow
On Friday, June 13, 2026, Foreign Institutional Investors (FIIs) were net sellers of ₹1,082.20 crore, extending their year-to-date selling streak. Domestic Institutional Investors (DIIs) provided strong counter-support as net buyers of ₹5,341.30 crore, absorbing the FII outflows.
Stocks to Watch
TCSTata Consultancy ServicesBearish
Reflects a bearish technical trend, compounded by recent negative news regarding a workplace harassment case and broader industry challenges from AI disruption.
HDFCBANKHDFC BankNeutral
Maintaining a neutral technical trend, but poised for potential benefits from RBI's measures to attract foreign currency inflows. Flexicap funds also increased their exposure.
ICICIBANKICICI BankBullish
Displays a bullish technical trend, supported by a resilient banking sector experiencing strong credit growth and increased exposure from flexicap funds.
INFYInfosysBearish
Shows a bearish technical trend amidst challenges from AI disruption and a notable trimming of holdings by flexicap funds, indicating cautious institutional sentiment.
Top Recommendation
ICICIBANKBUYConfidence: 85%
ICICI Bank exhibits a strong bullish technical trend and is backed by a resilient banking sector experiencing robust credit growth. Furthermore, flexicap funds increased their holdings in May 2026, indicating positive institutional confidence in its performance.
Sector Movers
Oil & Gas
The sharp decline in crude oil prices due to the potential US-Iran ceasefire is a significant positive, easing inflationary pressures and reducing input costs across industries.
Banking & Financials
Demonstrates resilience with strong credit growth (16.2% YoY), especially in retail and SME segments, despite challenges in deposit growth. Expected to be a key revenue tailwind.
IT Services
Facing disruption from AI, leading to potential revenue deflation in traditional services but also creating a substantial new AI-led market. Increased M&A activity reflects adaptation efforts.