Post Market Update- IT, pharma stocks lift markets higher

Stocks in the news-

1. Bharat Forge signed Rs 425 crore contract with the Ministry of Defence.

2. Maruti Suzuki inked pact with Gujarat Govt for manufacturing labs.

Indian indices-

Indian equities closed higher on June 22, 2026, followed by positive global cues and a fall in crude oil prices. The gains in the market were led by IT and pharma stocks and broad-based buying across sectors. Among sectors, all indices closed in the green except FMCG and consumer durables. At close, the Sensex was up 291.17 points or 0.38% at 77,094.07, and the Nifty was up 89.80 points or 0.37% at 24,102.90.

Rupee closed at 94.68/$ Vs. June 19, 2026, close to 94.32/$.

Buzzing stocks on BSE-

1. Nocil jumped 19.97% to Rs. 190.70, after anti-dumping duty imposed on sulphenamides accelerators imports from China, US, EU for 5 years.

2. Kirloskar Oil Engines hit 20% upper circuit at Rs. 2,390.80, after company secured a 192MW hyperscalar data centre genset supply order from HyperNext.

Global Signals-

Asian stock markets traded higher, tracking global optimism and easing geopolitical concerns.

European stocks were mixed with a slight negative bias amid cautious investor sentiment.