Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, extended the gaining streak due to positive investor sentiment following the US-Iran deal announcement.
At the closing bell, the BSE Sensex closed points 544 higher (up 0.7%)
Meanwhile, the NSE Nifty closed 135 points higher (up 0.5%)
HCL Tech, Trent, and HUL were the top gainers today.
Maruti Suzuki, Tata Steel, Bharat Elec, 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 0.3% higher, and the BSE 250 SmallCap index is trading 0.4% higher.
Sectoral indices were trading mixed today, with the IT sector and the realty sector witnessing buying. Meanwhile, stocks in the metal sector and the auto sector witness selling pressure.
The rupee is trading at Rs 94.4 against the US$.
Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 1,53,246 per 10 grams.
Meanwhile, silver prices were trading 0.2% lower at 2,50,947 per 1 kg.
GIC shares fall on discounted OFS launch
Shares of General Insurance Company (GIC) came into focus as the government has announced sell up to 5% stake in the PSU via offer for sale (OFS).
The two-day Offer for Sale (OFS) of GIC began on Tuesday, opening first for institutional investors, while retail investors will be able to participate on Wednesday. Currently, the government holds an 82.40% stake in General Insurance Corporation, which will come down to 77.40% after the OFS.
GIC, operating under the administrative control of the Finance Ministry, is India's state-owned reinsurer. It primarily provides reinsurance services and serves as a safety net for insurance companies, effectively insuring insurers.
OIL & CSIR Collaborate for Energy Tech
Oil India Limited (OIL), a Maharatna CPSE under the Ministry of Petroleum and Natural Gas, signed a Memorandum of Understanding with Council of Scientific and Industrial Research (CSIR) on 15 June 2026 at OIL House, Noida. The agreement aims to boost joint research, innovation, and technology development in the energy sector.
The MoU was signed by the CMD of OIL and the Director General of CSIR, in the presence of senior officials from both sides, including the Managing Director of NRL.
Through this partnership, both organisations will work together on improving oil and gas operations, enhancing oil recovery, optimizing reservoirs, developing renewable energy solutions, and exploring critical minerals. The focus is on creating better, cost-effective technologies and improving efficiency in operations.
This collaboration reflects OIL's effort to strengthen its technology base through partnerships with leading research institutions and support India's energy security goals.
Arvind SmartSpaces Rises on New Project
Shares of Arvind SmartSpaces came into focus after it announced a new residential development project in South Ahmedabad on Kerala-Nalsarovar Road. The project is expected to generate about ?180 crore in top-line revenue.
South Ahmedabad is becoming a key area for plotted housing and weekend homes due to rising demand and better infrastructure and connectivity.
The company's MD and CEO said they are pleased to add this new plotted development project in a high-growth area. He noted that Ahmedabad continues to offer strong opportunities in plotted and villa housing, supported by infrastructure growth and increasing demand.
Arvind SmartSpaces said it already has a strong presence in plotted and villa developments and is well placed to benefit from future growth in this segment. The company operates across major cities including Ahmedabad, Gandhinagar, Bengaluru, Mumbai Metropolitan Region, and Pune, under the Arvind Group brand.
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