Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, ended higher as metal, PSU Bank, and consumer durables stocks supported.
At the closing bell, the BSE Sensex closed points 347 higher (up 0.4%)
Meanwhile, the NSE Nifty closed 97 points higher (up 0.4%)
Tata Steel, Trent, and Titan Company were the top gainers today.
Axis Bank, Kotak Mahindra, and Asian Paints, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,994, with 63 points higher at the time of writing.
The BSE 150 Midcap index is trading 0.7% higher, and the BSE 250 SmallCap index is trading 0.5% higher.
Sectoral indices were trading mixed today, with the banking sector and power sector witnessing buying. Meanwhile, stocks in the real estate sector and the auto sector witness selling pressure.
The rupee is trading at Rs 94.5 against the US$.
Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 1,52,748 per 10 grams.
Power Grid Corporation Wins Key Transmission Project
Power Grid Corporation of India has emerged as the successful bidder for the "WR-ER Inter-Regional Network Expansion Scheme Part-A" Inter-State Transmission System (ISTS) project under the tariff-based competitive bidding (TBCB) route.
The company received the Letter of Intent (LoI) for the project on 16 June 2026. The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis.
As part of the project, Power Grid will set up two new 765/400 kV substations in Jharkhand and Chhattisgarh. It will also expand existing substations in Chhattisgarh and West Bengal, along with building 765 kV and 400 kV transmission lines across Jharkhand, Chhattisgarh, and Odisha.
Power Grid Corporation of India is a Maharatna PSU and India's largest electric power transmission company, strengthening its leadership in the country's power infrastructure sector.
NHPC Signs Mega Hydro Project Deal
NHPC Limited has signed a Memorandum of Agreement (MoA) with the Government of Arunachal Pradesh on 16 June 2026 for the development of the Etalin Hydroelectric Project (3097 MW).
As per the agreement, NHPC has been granted permission to carry out preliminary and detailed investigations, including preparation of the pre-feasibility report and DPR. The company will also handle financing, development, construction, commissioning, and long-term operation and maintenance of the project.
The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis with a lease period of 40 years from the Commercial Operation Date (COD).
It will be developed as a run-of-the-river hydroelectric project in line with the Arunachal Pradesh Hydro Power Policy, 2008 and its amendments.
Nykaa Partners OpenAI for AI Shopping
Shares of FSN E-Commerce Ventures Ltd, the parent company of Nykaa, came into focus fter the beauty and fashion retailer announced a multi-year partnership with OpenAI that will allow consumers to discover and shop Nykaa products directly through ChatGPT.
Under this collaboration, Nykaa's Beauty and Fashion stores will be integrated directly into ChatGPT as connected apps. This means users in India will be able to browse Nykaa's full product range inside the chat itself. They can search for skincare, cosmetics, beauty, and fashion products and get recommendations without leaving ChatGPT or opening the Nykaa app or website.
The integration is powered by OpenAI's Agentic Commerce Protocol, which allows shopping features to work inside ChatGPT. The rollout will happen in phases over the coming years, though financial details of the deal were not shared.
Nykaa also plans to use OpenAI's Codex tool to help its engineering teams with coding and productivity.
This partnership builds on Nykaa's existing AI features like Skin Scan, Virtual Try-On, Ask Nykaa assistant, and Nykaa Muse recommendation system. The move is part of OpenAI's broader push to bring more shopping experiences into ChatGPT through partnerships with global retailers.
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