Market Midday, 17 June 2026: Sensex, Nifty Rise Ahead Of US Fed Decision

Equity benchmarks traded higher on Wednesday as investors tracked mixed global signals and awaited the outcome of the US Federal Reserve’s policy meeting later in the day. The Nifty 50 and the Sensex gained during afternoon trade.

They were supported by strength in information technology and consumer durable stocks. Market participants remained cautious ahead of the US Federal Open Market Committee’s interest rate decision, which is scheduled for release later on Wednesday.

At around 12:15 pm:

• The Sensex was up 0.29%

• The Nifty 50 was up 0.26%

Broader Markets Positive

Broader market indices were also positive. At 12:16 pm, the Nifty Midcap 100 index was trading 0.30% higher. The Nifty Smallcap 100 index was up 0.78% during the same time.

Sectoral trends appeared mixed during the session. The Nifty IT index emerged as one of the strongest performers. It extended gains as investors increased exposure to technology stocks. The Nifty Consumer Durables index also traded among the top gainers. On the other hand, Nifty Metal and Nifty Real Estate experienced selling pressure.

Top Stocks On Nifty 50

At 12:18 pm, the top five stocks on the Nifty 50 index were:

• Trent Ltd.

• Eternal Ltd.

• Nestle India Ltd.

• Tech Mahindra Ltd.

• Bharat Electronics Ltd.

Stock-Specific Action

• Prime Focus shares hit the upper circuit of 5% in early trade after the Securities and Exchange Board of India (SEBI) closed its investigation proceedings regarding misleading financials against the firm.

• Coforge shares jumped over 2% in intraday trade after the company projected a $5 billion revenue by FY30.

• DOMS Industries shares fell as much as 5% in early trade after equity shares worth nearly ₹1,000 crores changed hands.

• Brigade Enterprises shares gained 10% in early trade after the company offered a bonus issue in the ratio of 1:3.

• Dixon Technologies shares jumped 5% in early trade following reports that the government is likely to clear its joint venture with Chinese smartphone maker Vivo this month.

• Vedanta Aluminium Metal shares hit the lower circuit limit of 5% for the third consecutive session. In the process, it fell 14% in just three days since listing.

In another major development, the National Stock Exchange (NSE) is likely to file its draft red herring prospectus for its much-awaited initial public offering (IPO) today. The NSE IPO is likely to value the exchange at more than ₹5 lakh crore.

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Afternoon Trade Outlook

Market participants are likely to remain focused on global developments through the rest of the session. The outcome of the US Federal Reserve meeting and commentary from policymakers on inflation and growth are expected to influence sentiment.

Sources:

Business Standard

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