IRFC’s OFS, India-US Agreement, Anti-Dumping Duty On Steel & More
- Share.Market
- 10 min read
- 24 Jun 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
The Indian stock market witnessed strong buying interest, with frontline equity indices, the Sensex and the Nifty 50, clocking more than 1% gains in intraday deals.
IT, Banking, and Realty stocks jumped. The sharp rise in AI stocks over the last year has raised concerns that the sector may be approaching a bubble. This is prompting investors to shift to opportunities beyond AI, as per media reports. Crude oil has fallen further and is near the $75 per barrel mark.
Key Indices
Top News from the Indian Share Market
BDLBharat Dynamics has received orders worth ₹1,347.71 crore from Hindustan Aeronautics Ltd for the supply of missile-related systems and defence equipment. The company already has an existing order book of ₹26,000 crore and is expecting to secure additional orders worth ₹15,000 crore.
KPRMILL
The textile company snapped a three-day losing streak, amid positive sentiments around the US- India bilateral trade agreement. The Centre has set a target to scale the textile market to $350 billion from $194 billion in FY26, implying a CAGR of 13%, driven by strong export growth and steady domestic demand.
ADANIENTGautam Adani used the group’s AGM to lay out an expansive vision spanning AI, nuclear energy, data centres, airports, power and defence, while highlighting record investments, strong financial performance and long-term infrastructure ambitions.
OBEROIRLTYThe company received RERA approval for its Gurugram real estate project, marking a key regulatory milestone. Expansion beyond its core Mumbai market strengthens the company’s geographic diversification strategy.
IRFCThe PSU’s shares fell after the government pared its holdings through OFS transactions in several public sector enterprises and banks, including Coal India, NHPC, General Insurance Corporation of India (GIC), Central Bank of India, and NLC India, helping it garner significant disinvestment proceeds so far this fiscal.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
Top Gainers
Top Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 23 June 2026 | 17.86 | 680.21 |
| 22 June 2026 | -635.91 | 1,035.72 |
| 19 June 2026 | 4,859.07 | -1,159.64 |
| 18 June 2026 | -1,025.20 | 3,516.81 |
| 17 June 2026 | 101.59 | 1,561.40 |
| Month-to-Date | -43,662.14 | 66,771.34 |
What’s Happening Beyond Markets?
- As per a Crisil Intelligence report, the RBI’s decision to withdraw the interest rate ceiling on fresh foreign currency non-resident (FCNR-B) deposits of three-five year tenors till September 30 provides banks greater flexibility to offer competitive rates, thereby supporting foreign currency deposit inflows.
- India has initiated an anti-dumping investigation into imports of Cold Rolled Grain Oriented (CRGO) Electrical Steel and Amorphous Metal from China, Japan, South Korea and Russia. The investigation was initiated after JSW JFE Electrical Steel Nashik filed a petition to the Directorate General of Trade Remedies (DGTR), which alleged that low-priced imports are causing significant injury to the domestic industry.
- In a significant step toward strengthening bilateral relations, India and the United States have held high-level trade talks aimed at salvaging and recalibrating a proposed bilateral trade agreement after changes in US tariff policy disrupted a framework negotiated earlier this year.
- Government think tank NITI Aayog in the eighth edition of its Trade Watch Quarterly report has said that India’s pharmaceutical supply chain continues to rely heavily on China, with around 65 per cent of critical Active Pharmaceutical Ingredients (APIs) and key starting materials being imported from China. It noted that that stricter environmental compliance norms have led to a significant increase in manufacturing and research costs for domestic pharmaceutical companies.
Back to Basics
Terms that put you one step ahead – every day
What is Scalping in the Stock Market
Scalping involves entering and exiting trades within extremely short timeframes, often seconds to under five minutes. Scalpers focus on liquid, volatile stocks with tight bid-ask spreads on real-time charts.
Core characteristics:
- Position duration: Seconds to minutes (rarely beyond 15 minutes)
- Profit targets: Often 0.1-1% per trade before costs
- Trade frequency: 20-100+ trades daily
- Risk exposure: No overnight positions
Upcoming Mainboard IPOs
| Company | Date | Total Issue Size | Price Band | Minimum Investment |
| Knack Packaging | 1 to 3 Jul, 2026 | ₹439 Cr | ₹161 to ₹170 per share | ₹14168 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
