High
TCSTata Consultancy Services
Persistent weakness due to legal setback, broader IT sector headwinds, and trading below 50-day moving average on low volume, despite a slight daily rebound.
below 50DMA support
Daily Report
Daily Report - Mon, 22 Jun, 2026, 13:15 IST
Market Summary
Indian benchmarks NIFTY 50 and SENSEX closed moderately higher, supported by significant FII inflows of over 4800 crore rupees. The market breadth was positive, with IT and Pharma sectors leading the gains. A relatively low VIX suggests stable market sentiment ahead of the open.
Key Takeaways
- NIFTY 50 and SENSEX posted moderate gains, closing up +0.42% and +0.48% respectively.
- FIIs were significant net buyers with inflows of 4859.07cr, offsetting DII selling.
- IT (+1.01%) and Pharma (+0.98%) sectors were the top performers.
- Market breadth remained positive with 39 advances against 19 declines.
- VIX stands at 12.88, indicating lower volatility expectations.
Top Stories & Market Intelligence
- Macro & Policy - Economic Times
RBI maintains repo rate at 5.25%, revises FY27 GDP forecast downwards
- Global Cues - Reuters
Supportive global signals aid Indian markets; crude oil drops below $80
- Sectoral - Moneycontrol
Nifty IT, Oil & Gas, and Consumer Durables sectors lead gains; Chemicals underperform
NIFTYIT, NIFTYOILGAS, NIFTYCONDUR, NIFTYCHEM - Corporate Actions - Economic Times
Jio Platforms files IPO draft papers, eyes record ₹37,700 crore fundraising
RELIANCE - Stocks in Focus - Moneycontrol
Reliance Industries rallies 3% on AGM news and Jio IPO approval
RELIANCE - Macro & Policy - Business Standard
Retail inflation hits 16-month high at 3.9% in May, WPI also rises
- Sectoral - Economic Times
Power sector regains momentum, emerges as best-performing sectoral index in 2026
POWERGRID, NTPC, JSWENERGY - Corporate Actions - Business Standard
Sun Pharmaceutical acquires Innovcare Lifesciences for ₹271.2 crore
SUNPHARMA
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| SBIN | Motilal Oswal Wealth Management Research Desk | buy | 1,300 | Recommended as a buy with a potential 25% upside. |
| BEL | Motilal Oswal Wealth Management Research Desk | buy | 520 | Recommended as a buy with a potential 21% upside. |
| VIJAYA | Choice Broking (Sumeet Bagadia) | buy | — | Recommended due to a breakout from a range consolidation pattern. |
| FINEOTEX | Choice Broking (Sumeet Bagadia) | buy | 48 | Recommended for buying. |
| MAHABANK | Choice Broking (Sumeet Bagadia) | buy | 99 | Recommended for buying. |
| FILATEX | Choice Broking (Sumeet Bagadia) | buy | 60 | Recommended for buying. |
| JINDALSTEL | Anand Rathi (Ganesh Dongre) | buy | 1,370 | Recommended for buying. |
| MUTHOOTFIN | Anand Rathi (Ganesh Dongre) | buy | 3,220 | Recommended for buying. |
| BSE | Anand Rathi (Ganesh Dongre) | buy | 4,200 | Recommended for buying. |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-06-24 | VIVLIFEQ | results | Vikas Lifecare Limited |
| 2026-06-27 | ARABIAN | results | Arabian Petroleum |
| 2026-07-03 | MIDQ50ADD | split | MIDQ50ADD |
| 2026-07-03 | HEALTHADD | split | HEALTHADD |
| 2026-06-23 | CUB | agm | City Union Bank Limited |
| 2026-06-22 | LIKHITHA | agm | Likhitha Infrastructure Limited |
| 2026-06-23 | PATELINTEG | agm | Patel Integrated Logistics Limited |
| 2026-06-23 | RASHIPHRL | agm | Rashi Peripherals Limited |
| 2026-06-24 | EQUITASBNK | agm | Equitas Small Finance Bank Limited |
FII / DII Activity
FII Net
+4,859.07 cr
DII Net
−1,159.64 cr
As of 2026-06-19
Market Cues
NIFTY 50
24,114.35
+0.42%SENSEX
77,168.67
+0.48%NASDAQ
26,517.932
+1.91%GOLD
4,172.9
-1.72%INDIA VIX
12.88
-0.69%Market Sectors
NIFTY BANK
57,836.1
+0.26%NIFTY IT
27,702.75
+1.01%NIFTY PHARMA
24,699.65
+0.98%NIFTY AUTO
26,755
+0.65%NIFTY METAL
13,050.4
+0.23%NIFTY ENERGY
40,652.35
+0.26%NIFTY REALTY
815.3
+0.42%NIFTY FIN SERVICE
28,884.4
+0.51%NIFTY FMCG
49,283.75
-0.55%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| CIPLA | Cipla | 1,411.50 | +4.42% |
| DRREDDY | Dr. Reddy's Laboratories | 1,299.50 | +2.15% |
| JSWENERGY | JSW Energy | 581.35 | +1.97% |
| GAIL | GAIL India | 176.97 | +1.77% |
| RELIANCE | Reliance Industries | 1,330.60 | +1.61% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| INDUSINDBK | IndusInd Bank | 928.95 | -1.95% |
| ASIANPAINT | Asian Paints | 2,693.50 | -1.44% |
| PIDILITIND | Pidilite Industries | 1,560.10 | -1.25% |
| TITAN | Titan Company | 4,373.00 | -1.06% |
| POWERGRID | Power Grid Corp | 289.90 | -0.80% |
52-Week High & Low
Near 52-Week High
ADANIENTAdani Enterprises
3,033.50−0.86%
GRASIMGrasim Industries
3,172.40−0.86%
ADANIPORTSAdani Ports & SEZ
1,826.50−1.68%
Near 52-Week Low
No stocks within 2% of their 52-week low.
Session Close Surveillance
16:15 ISTMarket Close & Portfolio Surveillance
Session Summary
Despite a broader market recovery, both TCS and Infosys exhibit genuine sell signals due to individual company challenges, sector weakness, and technical breaches, warranting caution.
Alerts(2)
High
INFYInfosys
Continued technical vulnerability with persistent breach of 50-day moving average, recent steep decline from sector-wide concerns, and low trading volume, despite a modest daily rebound.
below 50DMA support
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
RELIANCE Reliance Industries | ₹1,326.5 | +1.30% | +1.3% vs prev close, vol 0.7x avg |
TCS Tata Consultancy Services | ₹2,127.8 | +0.13% | +0.1% vs prev close, vol 0.8x avg — flags: below 50DMA support |
INFY Infosys | ₹1,065.4 | +1.33% | +1.3% vs prev close, vol 0.6x avg — flags: below 50DMA support |
HDFCBANK HDFC Bank | ₹786.4 | +0.85% | +0.8% vs prev close, vol 0.7x avg |
ICICIBANK ICICI Bank | ₹1,352.4 | +0.44% | +0.4% vs prev close, vol 0.3x avg |