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However, market participants will closely monitor monsoon developments, FII activity, and inflation trends for directional cues. Nifty slipped below the 23,950 mark.
IT, realty and consumer durables shares tumbled while pharma and media shares advanced.
At 09:25 IST, the barometer index, the S&P BSE Sensex tumbled 793.24 points or 1.02% to 76,621.27. The Nifty 50 index declined 218.20 points or 0.91% to 23,949.50.
In the broader market, the BSE 150 MidCap Index fell 0.42% and the BSE 250 SmallCap Index shed 0.03%.
The market breadth was negative. On the BSE, 1,428 shares rose and 1,535 shares fell. A total of 170 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,025.20 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,516.81 crore in the Indian equity market on 18 June 2026, provisional data showed.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.03% to 6.845 compared with previous session close of 6.843.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.2200 compared with its close of 94.4025 during the previous trading session.
MCX Gold futures for 5 August 2026 settlement fell 1.61% to Rs 146,875.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 100.92.
In the commodities market, Brent crude for August 2026 settlement fell 63 cents or 0.79% to $79.22 a barrel.
Stocks in Spotlight:
Reliance Industries (RIL) rose 0.31. The company will hold its 49th Annual General Meeting (AGM) on June 19, with investors closely tracking updates on the much-anticipated Jio listing, artificial intelligence initiatives and the company’s new energy business.
According to stock exchange filings, the AGM will begin at 2 pm and will be conducted through video conferencing and other audio-visual means. The event is among the most closely followed corporate events in India, with investors looking for key strategic announcements after last year’s AGM, where Mukesh Ambani outlined initiatives across telecom, AI and digital infrastructure.
Bharat Forge rose 0.48%. The company’s wholly owned defence subsidiary, Kalyani Strategic Systems, has entered into a strategic partnership with AM General, a leading provider of military vehicle and mobile defence capabilities, at the Eurosatory defence exposition. The partnership is aimed at enabling broader allied distribution and positioning the platform as a scalable and exportable artillery solution for partner nations. It targets demand for modern, mobile, and survivable 155mm firepower systems across global defence markets.
HCL Technologies tumbled 5.34%. The company has launched the AI Innovation Zone in Chennai to enable enterprises to develop and operationalise Intel-based AI products along with HCLTech AI solutions. The initiative aims to accelerate the shift from experimentation to production-ready and cost-efficient AI deployments, strengthening enterprise adoption of scalable AI technologies.
Global Markets:
Most Asian markets declined on Friday even as peace in the Middle East with the reopening of the Strait of Hormuz pulled oil prices even lower and eased inflation fears.
Mainland China and Hong Kong's stock markets are closed for the Dragon Boat Festival holiday. Taiwan was also on holiday.
The U.S. dollar was on a tear, hovering near a 13-month high on its major peers, after a hawkish turn from the Federal Reserve led markets to price in more than one rate hike this year.
As per reports, oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect.
Overnight on Wall Street, U.S. stocks rose on Thursday, staging a comeback after the Federal Reserve indicated the possibility of a rate hike this year — a move that sparked a sell-off in equities during the previous session.
The S&P 500 added 1.08%, closing at 7,500.58, and the Nasdaq Composite climbed 1.91% to 26,517.93. The Dow Jones Industrial Average rose by 72.15 points, or 0.14%, to end at 51,564.70.
In the fuel retail business, Jio-bp maintained adequate fuel availability across its network during the year, he said.
The company's fuel retail network expanded 29% year on year to nearly 2,200 outlets, with another 400 outlets under construction.
Ambani added that Jio-bp has expanded its EV charging infrastructure to 80 cities and 45 highways. The company also strengthened its consumer products and services network, becoming the largest player in the segment.
He said the company plans to modernise the largely unorganised fresh produce segment by leveraging its sourcing, cold-chain and distribution network. The initiative aims to reduce wastage, improve hygiene and food safety standards, and deliver better value to farmers, retailers and consumers.
Ambani also announced plans to build a future-ready garment manufacturing ecosystem. Reliance has already established supplier partnerships across 21 manufacturing clusters nationwide to produce quality garments at competitive costs.
In addition, the company plans to expand domestic manufacturing of affordable electronics, including smart eyewear, televisions, smartphones and connected wearables, while maintaining a strong focus on customer service.
The second growth engine will be an exports platform, which Ambani described as a natural extension of the manufacturing business. He said the rapid growth of Reliance's consumer brands portfolio in India has strengthened the company's confidence to build a scalable global FMCG business.
According to Ambani, the export initiative will leverage Reliance's growing brand portfolio and product capabilities to serve consumers across international markets.
He also announced that Jio Homes will offer next-generation broadband connectivity with speeds of up to 5 Gbps download and 1 Gbps upload, dedicated to individual households.
Highlighting the scale of Reliance's digital ecosystem, Ambani said JioHotstar recorded an average of 451 million monthly active users during FY26, making it the largest streaming platform in India and among the largest globally.
Meanwhile, microcontent platform Tadka has crossed 100 million users within just two months of its launch, reflecting strong user adoption across Reliance's digital platforms.
The announcements underscore Reliance's growing focus on artificial intelligence, digital content and high-speed connectivity services.
Akash Ambani said the company is operationalising an initial fleet of advanced Nvidia GB300 GPUs to power its AI ecosystem.
He added that Reliance's partnership with Google has evolved into an AI-first collaboration aimed at serving hundreds of millions of Jio users. As part of the partnership, Google AI Pro, powered by Gemini, is being offered free of cost to users.
Reliance Intelligence will provide sovereign AI hosting within India, enabling enterprises to deploy and manage AI models while retaining ownership and control over their data and intellectual property, Ambani said.
He added that the platform will offer full model transparency and portability, allowing businesses to operate on India's sovereign AI infrastructure without compromising control over their AI assets.
Jio Platforms' board approved the DRHP at its meeting held on 19 June 2026. The company plans to file the draft offer document with the Securities and Exchange Board of India (SEBI), BSE and the National Stock Exchange of India (NSE).
Reliance Industries said the proposed IPO remains subject to receipt of the necessary regulatory approvals.
Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services.
Shares of Reliance Industries fell 1.19% to Rs 1311.90 on the BSE.
RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.
The company’s consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY.
Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production.
Reliance Industries Ltd gained for a fifth straight session today. The stock is quoting at Rs 1329.1, up 0.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 24044.25. The Sensex is at 77027.5, up 0.29%. Reliance Industries Ltd has slipped around 0.51% in last one month.
Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has slipped around 1.36% in last one month and is currently quoting at 39915.4, up 0.36% on the day. The volume in the stock stood at 54.48 lakh shares today, compared to the daily average of 174.87 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1329.4, down 0.05% on the day. Reliance Industries Ltd is down 7.06% in last one year as compared to a 3.09% drop in NIFTY and a 12.31% drop in the Nifty Energy index.
The PE of the stock is 42.03 based on TTM earnings ending March 26.
In the cash market, the Nifty 50 index added 135.25 points or 0.57% to 23,989.15.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 6.89% to 13.36.
HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The June 2026 F&O contracts will expire on 30 June 2026.