Significant drop of -3.6% with 2.3x average volume, falling below its 50-day moving average, driven by Accenture's downward revision of FY26 revenue growth guidance signaling weak enterprise technology spending.
Daily Report
Daily Report - Fri, 19 Jun, 2026, 13:10 IST
Market Summary
Indian benchmarks NIFTY 50 and SENSEX closed with modest gains, supported by strong buying from Domestic Institutional Investors. Sectoral performance was mixed, with Realty, Financials, and Banking leading the upside, while the IT sector experienced significant weakness. The market breadth remained positive despite FII selling pressure.
Key Takeaways
- NIFTY 50 and SENSEX closed positively, despite FII net selling of -1025.2cr.
- Domestic Institutional Investors (DIIs) provided strong market support with net buying of +3516.81cr.
- NIFTY IT was a significant underperformer, declining by -1.19%, with IT majors among top losers.
- Realty, Financial Services, and Banking sectors showed notable strength, with NIFTY REALTY up +0.69% and NIFTY FIN SERVICE up +0.73%.
- Market breadth remained positive with 37 advances against 21 declines.
- VIX closed at 12.6725, suggesting moderate volatility expectations.
Top Stories & Market Intelligence
- Macro & Policy - Economic Times
India's GDP projected to grow by 6.6% in FY27, solidifying its position as world's fastest-growing major economy.
- Global Cues - Reuters
US markets closed for Juneteenth holiday, limiting fresh cues for Indian equities.
- Earnings - Moneycontrol
Accenture's lowered forecast signals negative impact on Indian IT earnings for FY27.
INFY, WIPRO, HCLTECH, TCS - Sectoral - Economic Times
Nifty IT index slumps by 5.6-6%, hitting three-year low after Accenture's guidance.
INFY, WIPRO, HCLTECH, TCS - Corporate Actions - Moneycontrol
Reliance Industries holds 49th AGM, investors await Jio Platforms IPO, new energy, and AI strategy updates.
RELIANCE - Stocks in Focus - Economic Times
Bharat Forge gains attention due to defence sector deal at Eurosatory.
BHARATFORG - Macro & Policy - Economic Times
Inflation concerns shift from fuel to food due to El Niño risks and weaker monsoon forecast.
- Global Cues - Bloomberg
Asian markets trade mixed as some regional markets are closed for holidays.
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| BEL | Bajaj Broking Research | buy | 473 | Buy recommendation based on technical analysis, with a target of Rs 473. |
| INGERRAND | Choice Broking | buy | 5,050 | Technical buy recommendation at Rs 4715 with a target of Rs 5050. |
| ANUP | Choice Broking | buy | 2,400 | Technical buy recommendation at Rs 2218 with a target of Rs 2400. |
| VENUSPIPES | Choice Broking | buy | 1,600 | Technical buy recommendation at Rs 1482 with a target of Rs 1600. |
| CARYSIL | Choice Broking | buy | 1,333 | Technical buy recommendation at Rs 1238 with a target of Rs 1333. |
| ADANIPOWER | BlueOak Wealth | buy | 255 | Buy recommendation with a target of Rs 255. |
| KAYNES | BlueOak Wealth | buy | 3,623 | Buy recommendation with a target of Rs 3,623. |
| NLCINDIA | Globe Capital | buy | 342 | Buy recommendation for an upside target of Rs 342. |
| HINDALCO | Globe Capital | buy | 1,075 | Buy recommendation for an upside target of Rs 1,075. |
| BANKINDIA | Angel One | buy | 155 | Buy recommendation for an upside target of Rs 155. |
| SBIN | Univest | buy | 1,075 | Technical buy recommendation with a target of Rs 1,075. |
| ICICIBANK | Univest | buy | 1,382 | Technical buy recommendation with a target of Rs 1,382. |
| MAXHEALTH | Univest | buy | 1,124 | Technical buy recommendation with a target of Rs 1,124. |
| BPCL | Univest | buy | 332 | Technical buy recommendation with a target of Rs 332. |
| PARASDEF | Univest | buy | 1,168 | Technical buy recommendation with a target of Rs 1,168. |
| GAIL | Univest | buy | 188 | Technical buy recommendation with a target of Rs 188. |
| AXISBANK | Univest | buy | 1,398 | Technical buy recommendation with a target of Rs 1,398. |
| NYKAA | Univest | buy | 320 | Technical buy recommendation with a target of Rs 320. |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-06-19 | HDFCBANK | dividend | HDFC Bank Limited |
| 2026-06-19 | AWL | dividend | AWL Agri Business Limited |
| 2026-06-20 | DJML | dividend | DJ Mediaprint & Logistics Limited |
| 2026-06-23 | CITYUNIONBK | dividend | City Union Bank Limited |
| 2026-07-03 | KIRLPNEU | dividend | Kirloskar Pneumatic Company |
FII / DII Activity
FII Net
−1,025.2 cr
DII Net
+3,516.81 cr
As of 2026-06-18
Market Cues
NIFTY 50
24,168
+0.34%SENSEX
77,409.98
+0.33%GIFT NIFTY
23,969
-0.08%NASDAQ
26,517.932
+1.91%GOLD
4,222.1
-0.56%INDIA VIX
12.673
-3.91%Market Sectors
NIFTY BANK
57,963.8
+0.66%NIFTY IT
28,466.45
-1.19%NIFTY PHARMA
24,282.2
+0.56%NIFTY AUTO
26,746.4
+0.08%NIFTY METAL
13,010.4
-0.01%NIFTY ENERGY
40,457.3
+0.54%NIFTY REALTY
820.2
+0.69%NIFTY FIN SERVICE
28,881.1
+0.73%NIFTY FMCG
49,654.5
+0.20%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| DLF | DLF | 640.70 | +2.75% |
| ADANIENT | Adani Enterprises | 3,013.40 | +2.08% |
| NTPC | NTPC | 361.95 | +1.80% |
| SHREECEM | Shree Cement | 25,410.00 | +1.76% |
| HDFCLIFE | HDFC Life Insurance | 591.30 | +1.63% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| INFY | Infosys | 1,127.50 | -2.61% |
| TATACONSUM | Tata Consumer Products | 1,111.40 | -1.16% |
| MARUTI | Maruti Suzuki | 13,484.00 | -1.07% |
| TECHM | Tech Mahindra | 1,447.70 | -1.01% |
| TCS | Tata Consultancy Services | 2,203.30 | -0.89% |
52-Week High & Low
Near 52-Week High
Near 52-Week Low
No stocks within 2% of their 52-week low.
Market Close & Portfolio Surveillance
Session Summary
The Indian market experienced a broad decline today, snapping a five-day winning streak, primarily due to an IT sector sell-off and weak global cues, leading to genuine sell signals for TCS.NS and INFY.NS driven by Accenture's cautious outlook.
Alerts(2)
Crashed -6.7% with 2.9x average volume, falling below its 50-day moving average, primarily due to Accenture's weak guidance, indicating vulnerability to a prolonged slowdown in discretionary technology spending.
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
RELIANCE Reliance Industries | ₹1,309.5 | -1.40% | -1.4% vs prev close, vol 1.4x avg — flags: below 50DMA support |
TCS Tata Consultancy Services | ₹2,125 | -3.55% | -3.6% vs prev close, vol 2.3x avg — flags: drawdown>3%, volume>2x avg, below 50DMA support |
INFY Infosys | ₹1,051.4 | -6.75% | -6.7% vs prev close, vol 2.9x avg — flags: drawdown>3%, volume>2x avg, below 50DMA support |
HDFCBANK HDFC Bank | ₹779.8 | -2.40% | -2.4% vs prev close, vol 0.9x avg |
ICICIBANK ICICI Bank | ₹1,346.5 | +0.31% | +0.3% vs prev close, vol 0.6x avg |