High
TCSTata Consultancy Services
Additional provision of $70 million due to U.S. Supreme Court legal dispute, coupled with broader IT sector weakness.
Below 50-day moving averageCompany-specific negative legal provisionIT sector underperformance
Daily Report
Daily Report - Thu, 18 Jun, 2026, 12:47 IST
Market Summary
Indian indices NIFTY 50 and SENSEX closed higher, supported by strong performances in Metal, IT, and Energy sectors. The broader market displayed positive breadth with more advancing stocks than declining ones, indicating generally optimistic sentiment. Traders should eye continued momentum in the leading sectors while monitoring for potential profit-booking in underperforming segments like Auto and Pharma. The VIX remains relatively stable at 13.1875.
Key Takeaways
- NIFTY 50 and SENSEX registered moderate gains, closing at 24085.7 and 77155.62 respectively.
- Metal (+1.01%), IT (+0.85%), and Energy (+0.81%) sectors led the market advances.
- Nifty Auto (-0.62%), Nifty Pharma (-0.05%), and Nifty FMCG (-0.17%) experienced declines.
- Market breadth was positive with 35 advancing stocks against 22 declining stocks.
- Hindalco (+2.6%) and Vedanta (+2.2%) were among the top gainers, while Cipla (-1.6%) and Dabur (-1.5%) were top losers.
Top Stories & Market Intelligence
- Macro & Policy - Economic Times
RBI keeps repo rate unchanged, revises GDP and inflation forecasts for FY27
- Global Cues - Reuters
US markets fall on Fed's hawkish stance; Asian markets show mixed trends
- Earnings - Business Standard
GB Logistics Commerce, Chandni Machines, Candour Techtex, Anik Industries to announce results today
- Sectoral - Moneycontrol
IT stocks face pressure, while Consumer Durables, FMCG, Metal, and Chemicals gain in early trade
- Corporate Actions - Livemint
Several companies including Tata Technologies, JSW Infrastructure trade ex-dividend today
CAPITALSFB, EMUDHRA, GHCL, JSWINFRA, TATATECH, VIMTALABS - Stocks in Focus - Moneycontrol
Infosys, HCLTech, TCS, Tech Mahindra among Nifty's top losers today
INFY, HCLTECH, TCS, TECHM, WIPRO, BAJFINANCE, BAJAJFINSV - Macro & Policy - Livemint
RBI and government introduce measures to attract foreign capital; India-UK FTA due July 15
- Global Cues - Moneycontrol
Crude oil prices decline, FIIs net sellers while DIIs provide support
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| BEL | Nuvama Wealth Management | buy | 470 | Recommended to BUY at a Last Closing Price (LCP) of 419.85, with a Stop Loss of 400 and a Target of 470. |
| CANBK | Nuvama Wealth Management | buy | 148 | Recommended to BUY at an LCP of 135.24, with a Stop Loss of 129.50 and a Target of 148. |
| GNFC | Choice Broking | buy | 6,180 | Buy at current market price for a potential upside target of ₹6,180, maintaining a strict stop loss at ₹5,345. |
| KEI | Choice Broking | buy | 985 | Buy at current market price for a potential upside target of ₹985, maintaining a strict stop loss at ₹860. |
| KFINTECH | Choice Broking | buy | 600 | Buy at current market price for a potential upside target of ₹600, maintaining a strict stop loss at ₹535. |
| NBCC | Choice Broking | buy | 0 | Recommended as buy by Sumeet Bagadia, Executive Director at Choice Broking. |
| KAJARIACER | Choice Broking | buy | 0 | Recommended as buy by Sumeet Bagadia, Executive Director at Choice Broking. |
| BRIGADE | ICICI Direct | buy | 780 | Assigned a "Buy" rating with a target price of ₹780.00 (Pre-Bonus/Split) against a current price of ₹565.85. |
| HPL | ICICI Direct | buy | 452 | Assigned a "Buy" rating with a target price of ₹452.00 against a current price of ₹382.85. |
Market Cues
NIFTY 50
24,085.7
+0.40%SENSEX
77,155.62
+0.45%NASDAQ
26,021.656
-1.34%GOLD
4,284.8
-2.20%INDIA VIX
13.188
-1.31%Market Sectors
NIFTY BANK
57,585.05
+0.50%NIFTY IT
28,809.55
+0.85%NIFTY PHARMA
24,146.55
-0.05%NIFTY AUTO
26,724.4
-0.62%NIFTY METAL
13,011.4
+1.01%NIFTY ENERGY
40,238.45
+0.81%NIFTY REALTY
814.6
-0.43%NIFTY FIN SERVICE
28,673
-0.01%NIFTY FMCG
49,556.05
-0.17%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| HINDALCO | Hindalco Industries | 1,007.90 | +2.60% |
| VEDL | Vedanta | 306.50 | +2.18% |
| BPCL | Bharat Petroleum | 317.95 | +1.87% |
| JSWENERGY | JSW Energy | 572.00 | +1.77% |
| TATASTEEL | Tata Steel | 199.01 | +1.54% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| CIPLA | Cipla | 1,350.80 | -1.63% |
| DABUR | Dabur India | 429.00 | -1.48% |
| SRF | SRF | 2,705.50 | -1.40% |
| ONGC | Oil & Natural Gas Corp | 245.00 | -1.29% |
| BAJAJFINSV | Bajaj Finserv | 1,764.60 | -1.27% |
52-Week High & Low
Near 52-Week High
PIDILITINDPidilite Industries
1,578.20−0.55%
GRASIMGrasim Industries
3,150.40−1.55%
ADANIPORTSAdani Ports & SEZ
1,828.60−1.57%
Near 52-Week Low
No stocks within 2% of their 52-week low.
Session Close Surveillance
16:15 ISTMarket Close & Portfolio Surveillance
Session Summary
Both TCS.NS and INFY.NS are displaying genuine sell signals driven by company-specific legal provisions for TCS and broader IT sector weakness alongside peer guidance cuts for Infosys.
Alerts(2)
High
INFYInfosys
Sector-wide downturn following Accenture's lowered guidance, re-assessing near-term demand visibility, and concerns about AI's impact.
Below 50-day moving averageSector-wide downturn (Nifty IT)Peer guidance cut (Accenture)Concerns about AI impact
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
RELIANCE Reliance Industries | ₹1,328.1 | -0.35% | -0.3% vs prev close, vol 0.9x avg |
TCS Tata Consultancy Services | ₹2,203.3 | -0.89% | -0.9% vs prev close, vol 0.7x avg — flags: below 50DMA support |
INFY Infosys | ₹1,127.5 | -2.61% | -2.6% vs prev close, vol 1.2x avg — flags: below 50DMA support |
HDFCBANK HDFC Bank | ₹799 | +1.51% | +1.5% vs prev close, vol 1.1x avg |
ICICIBANK ICICI Bank | ₹1,342.3 | +0.41% | +0.4% vs prev close, vol 0.8x avg |