After opening the day steady, Indian benchmark indices gained as the session progressed and ended the day higher.

Indian benchmark indices edged higher on Monday, rebounding after two straight sessions of losses, despite lingering concerns over rising geopolitical tensions between Israel and Iran that continued to impact global market sentiment.

At the closing bell, the BSE Sensex stood higher by 677 points (up 0.8%).

Meanwhile, the NSE Nifty closed higher by 227 points (up 0.9%).

Tech Mahindra, Bharat Electronics, and HDFC Life Insurance are among the top gainers today.

Tata Motors, Adani Ports, and Sun Pharma, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,995, up by 256 points at the time of writing.

The BSE MidCap index ended 0.9% higher, and the BSE SmallCap index ended 0.4% higher.

Sectoral indices were trading on a positive note, with stocks in the realty sector and the IT sector witnessing the most buying spree.

The rupee is trading at 86.07 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 99,790 per 10 grams.

Meanwhile, silver prices were trading marginally higher at Rs 106,619 per 1 kg.

Here are the three key factors that drive the market's momentum.

#1 Positive Asian Market Cues

Asian equities traded mostly in the green, with indices such as South Korea's Kospi, Japan's Nikkei 225, and China's SSE Composite posting gains. However, Hong Kong's Hang Seng index remained under pressure.

#2 Progress in India-US Trade Deal

India and the United States are reportedly close to finalising a bilateral trade agreement. Both sides have begun work on the proposed text, with expectations of a deal by 8 July. The development is being seen as positive for trade and investment flows, lending support to market optimism.

#3 Boj Meetings

The Bank of Japan is expected to keep rates steady at its meeting on June 17 amid growing concerns about global trade tensions.

Further, investors are awaiting the outcome of the US Federal Reserve's policy meeting scheduled for June 18. The central bank is widely expected to maintain interest rates in the 4.25-4.50 percent range.

#4 Buying in Heavyweights

The IT index rose 1.1% while high-weight financials gained 0.4%, set to snap a four-day losing streak. Index heavyweights HDFC Bank and Reliance Industries rose about 1% each. Eleven of the 13 major sectors logged gains on the day while smallcaps and midcaps traded flat.

Sacheerome shares list at 50% premium

In news, the shares of Sacheerome Limited were listed on NSE Emerge at Rs 153 apiece on 16 June. This marks a 50% premium over the SME IPO price of Rs 102 apiece.

The company debuted with a market capitalisation of over Rs 3.5 billion (bn).

Notably, the listing premium is significantly higher than the 23.5% grey market premium with which unlisted shares of the company were trading in the grey market ahead of listing.

The fragrance and flavour-maker had launched its IPO to raise Rs 61.62 crore via the public issue of 60.4 lakh shares.

The SME IPO entirely comprised a fresh issue with no offer-for-sale portion. Investors could bid for a minimum of 1,200 shares, requiring a minimum investment of Rs 1.22 lakh, and in multiples thereafter.

The maiden public issue by the company saw strong investor interest within its three days of public bidding. The IPO was subscribed around 313 times between June 9 and June 11 at a price band of Rs 96-102 per share.

The company had said that it aims to utilise IPO proceeds for setting up a new manufacturing facility, and general corporate purposes.
 

Why Tata Motors Share Price is Falling

Moving on to news from the auto sector, shares of Tata Motors fell over 5% to Rs 673 on June 16 after Jaguar Land Rover (JLR), its UK-based luxury arm, flagged weak free cash flow expectations and a slew of macro risks in its latest investor presentation.

JLR said it expects free cash flow to be "close to zero" in FY26, even as it remains committed to its investment plans and aims to maintain EBIT margins in the range of 5-7%.

The company highlighted that enterprise transformation remains critical to its "reimagine" journey, which is expected to progressively deliver £1.4 billion in annual benefits.

The British subsidiary listed multiple present and emerging risks that could impact profitability. These include a semiconductor shortage, aluminium supplier flooding, rising thefts in the UK, and looming concerns such as US tariffs, the transition to battery electric vehicles (BEVs), tightening regulations, and shifting customer expectations.

The company is well-positioned to gain from India's electric vehicle manufacturing scheme.
 

Why IT Stocks are Rising

Moving on to news from the IT sector, Information Technology (IT) shares were rising in trade on Monday, June 16, 2025. The Nifty IT index hit an intraday high of 39,258, rising 2 %.

Among individual stocks, Persistent Systems share price and Mphasis share price was ruling 2.6 % higher each, followed by Coforge (up 2.5%), Oracle Financial Services Software (up 2.4%), Tech M (2%), Infosys (1.6%), and TCS (1.5%) at 2:40 PM.

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