Market Midday, 22 June 2026: Benchmarks Rebound As Crude Declines

Equity indices Sensex and Nifty 50 rebounded in Monday's trade after crude oil prices declined. This allayed concerns around inflation and India's import bill. At 12:05 pm:

• The Sensex was up 0.49%

• The Nifty 50 was up 0.46%

Reliance Industries was one of the key contributors to the market's gains. Its strong buying lifted benchmark indices. It also supported broader markets.

Broader Markets Firm

Broader markets also traded firmly in positive territory, indicating wider participation from investors. At 12:06 pm, the Nifty Midcap 100 was trading 0.34% higher. The Nifty Smallcap 100 was trading 0.42% higher during the same time.

Top Stocks On Nifty 50

At 12:07 pm, the top five stocks on the Nifty 50 index were:

• Cipla Ltd.

• Tech Mahindra Ltd.

• Reliance Industries Ltd.

• Tata Motors Passenger Vehicles Ltd.

• Infosys Ltd.

Stock-Specific Action

• Kirloskar Oil Engines shares rallied 18% in early trade after the company bagged a 192-MW order from HyperNext, a deal viewed as a major breakthrough for Kirloskar.

• Voltas shares jumped 5% in early trade after the company announced that it has sold over 1 million air conditioners in less than three months of FY27.

• Reliance Industries shares gained nearly 3% in early trade after the company filed papers with the Securities and Exchange Board of India (SEBI) for the initial public offering (IPO) of Jio.

• Paras Defence and Space Technologies shares fell over 2% in early trade. In the process, it snapped a three-day rally.

• Power Mech Projects shares climbed over 3.5% in early trade after the company bagged an order worth ₹1,008.90 crore from JSW Thermal Energy Ltd.

• NOCIL shares jumped 20% in early trade after the Directorate General of Trade Remedies (DGTR) imposed anti-dumping duties (ADD) on imports of Sulphenamides Accelerators from China, the US, and the European Union for five years.

Also Read - NSE Indices Adds Nifty Sugar & Ethanol, Nifty Small Finance Banks & MFIs To Its Index Suite

Afternoon Trade Outlook

Markets are likely to remain sensitive to movements in crude oil prices and global equity trends through the remainder of the session. Continued strength in Reliance Industries and other index heavyweights could help benchmarks hold on to gains.

Sources:

Business Standard

The Economic Times