On Wednesday, the price of tin, which has rebounded from a month’s low, was $55,301 a tonne. Tin prices are up 36 per cent year-to-date and nearly 70 per cent year-on-year.
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A sharp rise in demand for tin from the semiconductor industry, on the heels of a surge in artificial intelligence (AI) capital expenditure (capex), will likely keep the metal’s price elevated this year.
“Our Technology team forecasts $785 billionn in AI capex for 2026, amid strong demand for data centres and higher costs related to investments into GPUs (graphic processing units), CPUs (central processing units) and memory chips,” said research agency BMI, a unit of Fitch Solutions.
“Over the medium to long term, tight fundamentals and AI-driven demand continue to support an upward shift in the price baseline, though the market must first digest inventory levels and macroeconomic pressures in the near term,” said Chinese commodity data group Sunsirs.
Price forecast
On Wednesday, the price of tin, which has rebounded from a month’s low, was $55,301 a tonne. Tin prices are up 36 per cent year-to-date and nearly 70 per cent year-on-year.
As of June 12, tin prices completed a cycle of extreme volatility, characterised by a surge to a peak, a subsequent rout, and a rebound. A short-term tug-of-war in the price is on between resistance from moving averages and support from essential demand, said Sunsirs, adding that price fluctuation remains the dominant trend.
BMI said: “We have revised our annual average tin price forecast for 2026 to $49,000/tonne from $45,000 as prices have set off on an unprecedented rally.”
Tom Langston, senior market analyst at the International Tin Association (ITA), said having gained 10.9 per cent during May, tin reached another record high of $57,725 early this month. “Macroeconomic factors, together with heightened investor activity in China, have been the primary drivers of prices so far in 2026, largely overshadowing underlying market fundamentals,” he said.
Weak Indonesian exports
BMI expects prices to remain elevated in 2026, with strong investor sentiment and continued supply shortages, though the second half of the year is likely to see some moderation in tin prices as supply issues moderate slightly.
The research agency said Indonesian tin exports have started to normalise as of May 2026, after declining in 2024 and 2025 amid an intensified government clampdown on illegal mining, heightened environmental scrutiny and corruption charges against ex-employees of major producer PT Timah.
“In Q1 2026, PT Timah recorded a staggering operational and financial turnaround, with refined tin production surging 81.9 per cent year-on-year to 5,630 tonnes,” it said.
Langston said that despite an easing of major supply-side pressures in the first quarter, weak Indonesian exports in April and May, coupled with stalling progress in the recovery of mining in Myanmar’s Wa region, underpinned the recent rally.
Sunsirs said the resumption of tin mining operations in Myanmar’s Wa State, the ban on which drove up the metal’s price from the second half of 2025, has significantly underperformed expectations.
Problems elsewhere
“To date, due to constraints such as operational restrictions, delays in material approvals, and the onset of the rainy season, production capacity at the Man Maw tin mine has recovered to only 40-50 per cent of pre-ban levels,” it said.
The May-July rainy season is further curbing open-pit mining and transportation, leaving limited room for short-term output growth, the Chinese commodity data group said.
BMI, quoting co-operator Metals X, said outside of Indonesia and Myanmar, Malaysia’s MSC announced disrupted tin output and warned of potential production shortages following an unexpected gas pipeline explosion incident near its facility.
In May 2026, Minsur in Peru reported Q1 output of 8,314 tonnes of refined tin from its Pisco smelter, down 2.9 per cent year-on-year. The Renison mine in Tasmania also saw production of 2,887 tonnes of tin-in-concentrate in Q1 2026, down 13 per cent from the previous quarter.
Sunsirs said in the Democratic Republic of the Congo (DRC), transport of approximately 6 per cent of the Bisie mine’s tin output has been disrupted.
Low stocks
In its outlook for the second quarter, Sucden Financial said while recent inventory builds eased prompt tightness, limited depth left the market vulnerable to renewed squeezes.
“Near-term direction remains heavily dependent on supply outcomes in Indonesia and Myanmar, with risks still skewed toward episodes of re-tightening,” it said.
BMI said that on the demand side, economic activity globally has shown resilience despite being subdued as compared with periods of high growth. However, its Country Risk team forecasts global GDP growth of 2.4 per cent in 2026, down from 2.8 per cent in 2025.
On the other hand, global tin stocks remain low, and this exposes the tin market to bouts of volatility, the research agency said, adding that. as of May 2026, tin stocks started to decline slightly on both the the London Metal Exchange and the Shanghai Futures Exchange.
China’s central bank signalled a potential shift toward an overnight policy rate, a move that would bring it closer to global peers and give policymakers greater influence over short-term funding costs.
The People’s Bank of China will improve its adjustment of short-term interest rates and expand its suite of overnight reverse repurchase operations at an appropriate time, Governor Pan Gongsheng said at the Lujiazui Forum in Shanghai on Wednesday.
The remarks add to signs that the PBOC may eventually move away from the seven-day reverse repo rate as its main policy benchmark. Expectations for such a shift have grown in recent months as the central bank has placed greater emphasis on the overnight interbank rate, which accounts for the bulk of cash transactions in China’s financial markets.
A shorter-term policy anchor may give the PBOC greater precision and flexibility in steering market conditions. Financial institutions borrow from one another daily to manage liquidity and settle transactions, making overnight rates much more heavily traded than other tenors. By exerting tighter control over those rates, the PBOC could improve the transmission of monetary policy through the financial system.
Such a move would bring the PBOC closer to major central banks such as the Federal Reserve, which uses overnight rates as its main policy benchmarks.
Pan added that the PBOC will improve the use of temporary overnight reverse repo and repo operations, setting their rates at 25 basis points above and below the seven-day reverse repo rate. That will narrow the interest-rate corridor to 50 basis points from 70 basis points previously, according to the governor, tightening the range within which market borrowing costs can fluctuate.
The moves are intended “to promote the transformation of the monetary policy framework to a price-based model, and to enhance the precision and effectiveness of the PBOC’s adjustment of short-term interest rates,” Pan said.
“PBOC will likely gradually move towards a new monetary policy corridor framework, with overnight repo rate being the likely new de facto policy rate,” said Becky Liu, head of China macro strategy at Standard Chartered Plc. “China’s interbank rates will likely to be even less volatile ahead.”
The Fed operates a similar framework, setting a target range for the federal funds rate at which banks charge to borrow from each other overnight. That range is currently at 3.50% to 3.75%, narrower than the new corridor announced by the PBOC.
A shift toward the overnight rate would mark another step in the PBOC’s revamp of its policy framework that began two years ago and was first signaled by Pan at the same forum. Under the reform, the central bank sought to simplify a system that relied on multiple policy tools and instead centered policy signaling around a single key rate — the seven-day reverse repo rate — in order to guide markets more efficiently.
At the same time, the central bank has gradually reduced the role of longer-tenor policy tools by adjusting bidding mechanism and scrapping a unified cost.
In July 2024, it announced plans to conduct temporary overnight repo and reverse repo to help guide market rates within a narrower range, though it has yet to carry out such operations.
Rate Outlook
The PBOC last cut its seven-day policy rate by 10 basis points to 1.4% in May 2025, far less than the 40 to 60 basis points of reductions many economists had expected for the year.
This year, many economists have pushed back their forecasts for the next rate cut to 2027 as factory-gate inflation picks up, driven by the Iran war and higher oil prices. Still, weak consumer spending and investment data released this week suggest growth risks are mounting, potentially adding pressure on policymakers to ease.
The PBOC has in recent weeks guided overnight funding rates to rebound to the 1.4% policy rate level, after abundant liquidity pushed market borrowing costs down to around 1.2% and fueled concerns of bubbles in the bond market.
The PBOC does not currently have a regularly used overnight policy rate. In recent months, it signaled that it’s monitoring the overnight market borrowing costs more closely instead of the seven-day tenor. Since January, it has included analysis in its monthly reports tracking the spread between the overnight repo rate in the interbank market and the seven-day rate.
That focus became more explicit in its quarterly report released in May, when the PBOC pledged to “guide overnight interest rates to operate near policy interest rates.” It also reiterated a commitment to keep monetary policy “moderately loose.”
The Middle East crude market
weakened sharply this week, slipping into discounts, Reuters
data showed, after the United States and Iran agreed a framework
deal to reopen the crucial Strait of Hormuz, brightening the
global supply outlook.
With Asian refining demand led by China still subdued after
months of run cuts, hopes of higher supply after the deal pushed
Dubai and other Middle East benchmarks into contango and opened
rare arbitrage opportunities to Europe and the United States.
Benchmark Dubai’s premium to swaps slipped into a discount
of 46 cents on Tuesday, the first contango structure since
January, Reuters’ data showed, after hitting pre-war levels of
$2.06 per barrel on Monday.
Contango is a market structure in which prompt cargoes trade
at a discount to later-dated ones, indicating ample supplies.
Similarly, spot Oman, Murban differentials flipped into
discounts of 67 and 49 cents, respectively on Tuesday.
Spot premiums for Dubai and Oman hit record highs of more
than $60 per barrel while Murban’s peak was more than $50 in
March after the conflict disrupted supplies.
“While practical timelines for the reopening remain
uncertain, an estimated 4 million barrels per day of crude was
already navigating the waterway prior to the diplomatic
breakthrough,” said Kpler’s senior crude oil analyst Naveen Das.
“A formal reopening will unleash millions of barrels
currently trapped in floating storage, directly inflating the
physical volumes that dictate the Dubai benchmark and applying
intense downward pressure on regional pricing.”
Before its closure, the Strait carried about a fifth of
global supplies of crude oil and liquefied natural gas.
The Dubai benchmark has been weakening since April as
elevated crude costs curbed buying interest from Asian refiners,
prompting run cuts and higher purchases of alternative grades
from regions such as the United States.
Ahead of the signing of a preliminary agreement between the
U.S. and Iran to end their conflict, some Middle Eastern
producers managed to export some oil out of the strait, which
eased supply tensions.
Abu Dhabi National Oil Company (ADNOC) has sold at least 30
million barrels of spot crude to Asian refiners and trading
firms so far this month and offered more this week.
ARBITRAGE TO US, EU OPEN
The collapse in Middle East crude prices has also reopened
arbitrage opportunities to destinations beyond Asia.
About four to five Very Large Crude Carriers carrying Abu
Dhabi’s Murban and Das crude were heading to Europe, according
to one trader，who added that the cargoes belong to Exxon Mobil
. Each VLCC can carry 2 million barrels of oil.
Another trader estimated 13 million to 15 million barrels of
Middle East crude, including Upper Zakum, Murban, Oman and Iraqi
Basrah Medium, are being shipped to the U.S. and Europe by oil
majors Exxon and TotalEnergies.
The companies typically do not comment on commercial deals.
The shipments became economical for Europe after weak Asian
demand and falling Middle East crude premiums narrowed the price
gap with competing Atlantic Basin supplies, traders said.
Murban has become cheaper than U.S. West Texas Intermediate
crude (WTI) for European buyers as demand in Asia is weak, two
traders said.
The arbitrage for U.S. WTI to Asia has also closed since
early June, traders said, putting pressure on the U.S. benchmark
grade.
WTI Midland in west Texas flipped on Tuesday to trade at a
premium to the same grade in Houston for the first time since
late May, as export demand slipped on a rapidly closing
arbitrage window.
Stack of coins with graph chart growth up, Business marketing, Coins for saving money, Growth investing, Income stability, Saving money for future investments, Financial investment
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ensex Today, Nifty 50 | Stock Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 17th June 2026.
Indian benchmark indices traded with a flat-to-positive bias on Wednesday, extending gains after a strong three-session rally driven by easing crude oil prices following the US-Iran peace deal.
At 10:51 am, the Sensex was trading at 77,108.86, up 300.38 points or 0.39 per cent, while the Nifty stood at 24,080.85, gaining 91.70 points or 0.38 per cent.
Investors are now awaiting the Federal Reserve’s policy decision and guidance from new Chair Kevin Warsh, with markets watching for any signals on the future interest rate path.
Global markets remained cautious, while Brent crude traded near $79 a barrel after a sharp decline. Analysts said weak monsoon progress and inflation concerns could cap market gains.
Foreign investors continued selling Indian equities, with outflows reaching record levels this year. IT, pharma stocks and Reliance Industries are likely to remain in focus.
Today’s top technical trends
* Broad market breakout bias: Nifty 50 sustaining above 24,000 indicates continuation of bullish momentum with higher highs in play.
* Sector rotation positive: Consumption-led sectors like Consumer Durables are outperforming, signalling selective leadership.
* Momentum in mid-cap leaders: Stocks like Trent are driving index gains, highlighting strong stock-specific momentum.
* Support zones holding firm: Key supports across indices are holding well, reducing downside pressure and keeping trend positive.
* Gold is maintaining support above $4,300, with key resistance at $4,500–$4,550 and support at $4,060.
* Silver remains above $70, targeting $72–$75, with critical support at $60–$61; a breakout above $78–$80 could trigger a stronger rally.
June 17, 2026 11:13
Oil-led rally in India bonds runs into profit booking, US Fed guidance awaited
Oil-led rally in India bonds runs into profit booking, Fed guidance awaited
The yield on the benchmark 6.94% 2036 note was at 6.8563% as of 10:30 am, after closing at 6.8651% on Tuesday.
June 17, 2026 11:06
Markets at 11 am
At 11 am, Sensex traded 287.92 pts or 0.37% higher at 77,096.40, and Nifty 50 soared 83.70 pts or 0.35% to 24,072.85.
June 17, 2026 10:53
Stock market live: Sensex up 300 points, Nifty gains 92 points in morning trade
At 10:51 am, the Sensex was trading at 77,108.86, up 300.38 points or 0.39 per cent, while the Nifty stood at 24,080.85, gaining 91.70 points or 0.38 per cent.
June 17, 2026 10:52
Share market live: Bharat Forge shares steady, defence arm unveils Simha 4×4 armoured vehicle at Eurosatory 2026
Bharat Forge shares steady, defence arm unveils Simha 4×4 armoured vehicle at Eurosatory 2026
Bharat Forge’s KSSL reveals Simha 4×4 armoured vehicle at Eurosatory 2026, while shares trade slightly higher at ₹2,022.
June 17, 2026 10:48
Commodities market live: Gold holds above $4,300, silver above $70 as US-Iran peace deal and central bank moves shape outlook
Renisha Chainani, head of research at Augmont, write – •\u0009Price Movement – Gold is holding above $4,300 and silver above $70 as markets position ahead of the formal signing of a US-Iran peace agreement. The deal is expected to restore oil flows through the Strait of Hormuz, easing inflation concerns and softening the case for further Fed tightening. December rate hike odds have retreated to 60% from 70% the prior week, per the CME FedWatch Tool.
•\u0009Geopolitical Developments – The agreement, announced by President Trump, establishes an immediate 60-day ceasefire across all fronts and opens a structured window for technical negotiations. It extends the April ceasefire by another 60 days and unlocks a key global oil artery that Iran has kept closed since February.
•\u0009Macro-economic Signals – On the macro side, the Bank of Japan’s rate hike to 1% has firmed Japanese yields, which could limit gold’s near-term upside. However, the Fed is widely expected to hold rates, and a constructive economic outlook from the upcoming meeting could extend gold’s rally. Persistent central bank buying continues to anchor structural demand.
Technical Triggers\u0009
•\u0009Gold holds above $4,300, with resistance at $4,500–$4,550 and support at $4,060.
•\u0009Silver sustains trade above $70, targeting $72–$75, with critical support at $60–$61. A decisive break above $78–$80 resistance would signal a stronger bullish rally in silver.
June 17, 2026 10:42
Stock market live: Stanley Lifestyles gains 2% on ISRO order worth ₹7.97 lakh for VIP furniture
Stanley Lifestyles has received an order from ISRO for supply of furniture products for VIP living room and VIP bedroom requirements. The aggregate order value is ₹7.97 lakh.
Shares rose 2% to Rs 148.75 on the NSE.
June 17, 2026 10:40
Share market live: HDFC Bank prices $750 million bond in largest offshore deal by lenders since 2023
HDFC Bank prices $750 million bond in largest offshore deal by lenders since 2023
HDFC Bank raises $750 million in the largest offshore bond deal by an Indian lender since May 2023.
June 17, 2026 10:39
Stock market live: Shree Digvijay Cement names Amit Arora as Managing Director & CEO, effective June 17, 2026
Shree Digvijay Cement Co.Ltd has informed the Exchange regarding appointment of Amit Arora as CEO & MD as Managing Director & CEO of the company w.e.f. Jun 17, 2026
June 17, 2026 10:30
Stock market live: Shree Digvijay Cement appoints Amit Arora as Managing Director & CEO, effective June 17, 2026
Shree Digvijay Cement Co.Ltd has informed the Exchange regarding appointment of Amit Arora as CEO & MD as Managing Director & CEO of the company w.e.f. Jun 17, 2026
June 17, 2026 10:28
Stock market live: DOMS Industries drops 5% on reports of promoter Fila planning 7% stake sale via block deal
DOMS Industries stock fell nearly 5% in early trade to Rs 2,200 from the previous close of Rs 2,314. Reports suggest promoter Fila – Fabbrica Italiana Lapis Ed Affini Spa is likely to sell a 7% stake through a block deal.
June 17, 2026 10:17
Currency market live: Rupee rises 31 paise to 94.29 against US dollar in early trade
Rupee rises 31 paise to 94.29 against US dollar in early trade
The rupee appreciated 31 paise to 94.29 against the US dollar in early trade on Wednesday as Brent crude oil prices and the US dollar index retreated further from their elevated levels.
June 17, 2026 10:15
Stock market live: GIC Re hits 52-week low as OFS opens for retail investors; shares at Rs 351.20
GIC Re shares traded at Rs 351.20 on the NSE at 10.12 am, after hitting a 52-week low of Rs 346.70 in early trade.
The company’s OFS opened for retail investors today.
June 17, 2026 10:14
Nifty Prediction Today – June 17, 2026: Nifty futures: Breaks out of a resistance
Nifty Prediction Today – June 17, 2026: Nifty futures: Breaks out of a resistance
Nifty futures (Jun) can hit 24,150 soon; a breakout of 24,150 can lift it to 24,500
June 17, 2026 10:05
Stock market live: Tata Capital board approves fundraising of up to Rs 36,000 crore via debentures; shares flat at Rs 340.60
Tata Capital board approved raising of funds by way of issuance of Non-Convertible Debentures in the nature of Secured / Unsecured / Subordinated / Perpetual Debt / Market Linked Redeemable Debentures / Green Bonds (“Debentures”) up to an amount of Rs. 36,000 crore, on a private placement basis, in one or more tranches
Shares traded flat at Rs 340.60 on the NSE.
June 17, 2026 09:36
Share market live: Puravankara acquires 9.73-acre land parcel in Bengaluru with ₹800 crore GDV potential
Puravankara Limited has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru’s airport corridor, with a development potential of around 0.89 million sq ft and an estimated gross development value (GDV) of ₹800 crore.
Crude oil futures traded lower on Wednesday morning as markets anticipated an increase in global oil supplies following a proposed peace agreement between the US and Iran. At 9.28 am on Wednesday, August Brent oil futures were at $78.44, down by 0.66 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $75.38, down by 0.88 per cent. June crude oil futures were trading at ₹7118 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹7175, down by 0.79 per cent, and July futures were trading at ₹7080 against the previous close of ₹7124, down by 0.62 per cent.
June 17, 2026 09:21
Stock market live: Sensex holds above 76,800 after opening above 77,000; Nifty steady at 24,000
Sensex traded 52.38 pts or 0.07% positive at 76,860.86 after opening above 77,000 mark at 77,080.09. Nifty 50 inched up 11.40 pts or 0.05% to 24,000.55 after opening at 24,044.50
June 17, 2026 09:13
Commodities update: Gold extends gains as rate-hike bets ease ahead of Fed verdict
Gold extends gains as rate-hike bets ease ahead of Fed verdict
Gold and other precious metals rise as rate-hike expectations ease ahead of the Federal Reserve’s policy announcement.
June 17, 2026 09:09
Stock market live: Sona BLW approves Rs 62.6 crore capex for advanced robotics manufacturing
Sona BLW Precision Forgings approved capital expenditure (Capex) of Rs 626 million towards manufacturing of components and systems for robotics industry including advanced robotics.
June 17, 2026 09:08
Commodities market live: Gold gains as U.S.-Iran peace hopes ease inflation concerns; Fed policy and BOJ rate hike in focus
Gold prices edged higher, extending gains from previous session as easing inflation concerns and a steady U.S. dollar continued to support bullion following the announcement of a preliminary U.S.-Iran peace framework.
The proposed agreement, which is expected to be formally signed in Switzerland on Friday, aims to end months of conflict, reopen Strait of Hormuz, and lift the U.S. naval blockade on Iran. Oil prices fell below $80 for the first time since March, easing concerns over energy-driven inflation that had previously fueled expectations of aggressive central bank tightening and weighed heavily on gold. While softer inflation outlook has reduced market expectations for Fed rate hikes, investors remain cautious ahead of the Fed’s policy decision scheduled later today, the first under new Chair Kevin Warsh.
The central bank is widely expected to keep rates unchanged, but its updated economic projections and policy guidance will be closely watched for clues on the future rate path. Meanwhile, the BOJ raised its policy rate to 1.0%, highest level in 31 years. Market participants now also await greater clarity on U.S.-Iran agreement, particularly regarding Iran’s nuclear commitments and the timeline for implementation, while the Fed meeting remains the key near-term driver for gold and silver prices.
June 17, 2026 09:01
Stock market live: Glenmark launches Methylene Blue Injection USP in US market
Glenmark Pharmaceuticals Inc., USA has launched Methylene Blue Injection USP, 50 mg/10 mL (5 mg/mL) Single-Dose Vial, expanding its injectable product portfolio. According to IQVIA sales data, the corresponding market recorded annual sales of around $19 million for the 12-month period ending April 2026. The launch strengthens Glenmark’s presence in the US pharmaceutical market.
June 17, 2026 08:52
Share market live: KV Toys India acquires 50% stake in STEM toy maker Play Panda
KV Toys India acquires 50% stake in Play Panda to enter STEM toys market
KV Toys India acquires a 50% stake in Play Panda for Rs 4.5 crore, expanding its presence in educational and STEM toys for children.
June 17, 2026 08:49
Share market live: JSW Dulux aims for top-two position in India’s paints market, says Parth Jindal
JSW Dulux targets top-two position in India’s paints market
JSW Dulux aims to enter India’s top-two paints players with expansion, brand investments, manufacturing growth and a stronger distribution network.
June 17, 2026 08:42
Share market live: Gillette India’s Venus brand grows over 20% annually as women’s grooming demand rises
Gillette India’s Venus brand grows over 20% as women’s grooming demand rises
Gillette India’s Venus brand is growing over 20% annually as women’s grooming demand rises, supported by new products and digital outreach.
June 17, 2026 08:33
Share market live: Kilburn Engineering secures Rs 70 crore order from Switzerland’s Casale SA
Kilburn Engineering wins Rs 70.2 crore fertiliser equipment order from Casale
Kilburn Engineering secures a Rs 70.2 crore order from Switzerland’s Casale SA for fertiliser process equipment, expanding its global presence.
June 17, 2026 08:28
Share market live: Geon commissions 2.88 GWh battery energy storage system at Khavda, Gujarat
Geon commissions 2.88 GWh battery storage system at Khavda
Geon commissions a 2.88 GWh Battery Energy Storage System at Khavda, Gujarat, strengthening India’s renewable energy and grid storage capacity.
June 17, 2026 08:24
Iran war latest: Iran says US war deal requires Israel to withdraw from Lebanon
Iran says US-Iran ceasefire deal depends on Israel leaving Lebanon
Iran says Israel must withdraw from Lebanon for US peace deal to hold, raising doubts over ceasefire as West Asia tensions continue.
June 17, 2026 08:17
IPO updates: Riyaasat Lifestyle IPO opens June 18 to raise Rs 30.77 crore
Riyaasat Lifestyle IPO opens June 18 to raise Rs 30.77 crore
Riyaasat Lifestyle will launch its Rs 30.77 crore IPO on June 18 with a price band of Rs 102-108 per share on the BSE SME platform.
June 17, 2026 08:13
Share market live: India set to approve Dixon-Vivo partnership focused on electronics manufacturing
Dixon-Vivo joint venture likely to get government approval soon
Dixon-Vivo joint venture may get government approval this month, with the partnership set to boost smartphone and electronics manufacturing in India.
June 17, 2026 08:00
Sectoral updates: India’s gems and jewellery exports decline 2.49% in May amid high gold prices
India’s gems and jewellery exports fall as high gold prices hit shipments
India’s gems and jewellery exports fell 2.49% in May as high gold prices and supply issues impacted shipments, while diamond exports gained.
June 17, 2026 07:55
Global news: Modi meets UAE President at G7, calls for dialogue and diplomacy in West Asia
Modi and UAE President discuss West Asia crisis and strengthen bilateral ties
PM Modi and UAE President Sheikh Mohamed discuss West Asia, dialogue and India-UAE cooperation in trade, energy and defence at the G7 Summit.
June 17, 2026 07:49
WATCH: Today’s stock recommendation
June 17, 2026 07:47
Share market live: Gameskraft case: Karnataka HC declares ED arrests illegal, orders immediate release of founders
Gameskraft founders get relief as Karnataka High Court calls ED arrests illegal
Karnataka High Court says ED arrests of Gameskraft founders were illegal and orders release in a money laundering case linked to alleged fraud.
June 17, 2026 07:40
Stock market live: India-Canada free trade agreement talks gain momentum after Modi-Carney meeting
India and Canada move closer to trade deal after Modi-Carney talks
India and Canada aim to conclude CEPA talks by year-end as Modi and Carney discuss trade, defence, energy and strategic cooperation at the G7 Summit.
June 17, 2026 07:21
US STOCKS: Nasdaq and S&P 500 slip while Dow hits record close
Indexes mixed: Dow up 0.64%, S&P down 0.57%, Nasdaq down 1.15%
* SpaceX surpasses Amazon’s market value
* Investors await first Fed meeting under Warsh
* Financials lead S&P sector gainers, tech is biggest laggard
— Reuters
June 17, 2026 07:16
Gems, jewellery exports in May dip 2.49 pc to USD 2,047.80 million: GJEPC
India’s gems and jewellery exports declined by 2.49 per cent year-on-year in May to USD 2,047.89 million (Rs 19,573.96 crores) following high gold prices and supply constraints, the Gem and Jewellery Export Promotion Council (GJEPC) said.
Exports were at USD 2,100.21 million (Rs 17,896.16 crores) for the same period last year, according to GJEPC data. – PTI
June 17, 2026 07:15
IPO updates: Ethnic wear firm Riyaasat Lifestyle Rs 30.7 cr IPO to open on June 18
Ethnic wear company Riyaasat Lifestyle will launch its initial public offer at a price of Rs 102-108 per share on June 18 to raise around Rs 30.77 crore, a statement said on Tuesday.
The company’s IPO will open for public subscription on June 18 and close on June 22, 2026, on BSE SME platform, the statement said. – PTI
June 17, 2026 06:55
Commodities update: Oil prices stabilise as investors weigh Iran war end, Hormuz reopening uncertainty
Oil prices edged higher in early trade on Wednesday, clawing back some of the previous session’s losses, as investors assessed whether the Iran war will truly end and the Strait of Hormuz reopen.
Brent crude futures gained 47 cents, or 0.6%, to $79.43 a barrel, while U.S. West Texas Intermediate rose to $76.53 a barrel, up 48 cents, or 0.6%, as of 0038 GMT.
Both benchmarks fell about 5% for a second straight session on Tuesday to three-month lows on hopes a U.S.-Iran deal would allow oil flows through the Strait. – Reuters
June 17, 2026 06:54
Stock market live updates: RBI eases capital norms for ECLGS 5.0 loans, cuts risk weight
RBI eases risk weight norms for ECLGS 5.0 loans, boosts bank lending capacity
RBI relaxes ECLGS 5.0 norms, assigning 0% risk weight to 75% guaranteed exposure and easing capital needs for banks to boost credit flow.
June 17, 2026 06:54
Stock market live: Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant
Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant
Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant in Hosur after tests show no contamination, closing wastewater concerns case.
June 17, 2026 06:52
IPO updates: Ambani’s Jio set to file for India IPO within days, FT reports
Reliance Jio Infocomm could file draft papers for its expected $4 billion IPO within days and just before billionaire Mukesh Ambani’s closely watched annual speech on Friday to Reliance Industries’ shareholders, the Financial Times reported on Wednesday, citing sources.
Reuters could not immediately verify the report. – Reuters
June 17, 2026 06:51
Stock market live: Karnataka High Court restores Embassy Developments land case for fresh hearing on KIADB resumption order
Embassy Developments Limited said in a filing to the stock exchanges that the Division Bench of the Karnataka High Court has set aside an earlier order related to land held by its subsidiary Embassy East Business Park Limited. The matter has been restored for fresh consideration on merits regarding KIADB’s resumption order concerning around 78 acres of land in Bengaluru. The court clarified that it has not ruled on the validity of the resumption order.
June 17, 2026 06:48
Share market live today: Bank of Maharashtra raises select MCLR rates by up to 10 bps from June 17
Bank of Maharashtra said in a filing to the stock exchanges that it has revised its Marginal Cost of Funds Based Lending Rate (MCLR), effective June 17, 2026. The bank has increased the six-month MCLR to 8.80% from 8.70% and one-year MCLR to 8.95% from 8.85%. Other benchmark lending rates, including overnight, one-month and three-month tenors, remain unchanged.
June 17, 2026 06:46
Stock market live updates: Nazara Technologies extends timeline for USD 100.3 million fund infusion into UK subsidiary
Nazara Technologies Limited said in a filing to the stock exchanges that the indicative timeline for infusion of funds into its wholly owned subsidiary Nazara Technologies UK Limited has been extended to August 14, 2026. The company had earlier proposed investing up to USD 100.3 million through equity subscription of USD 40.1 million and a loan of USD 60.2 million, subject to regulatory approvals and applicable laws.
June 17, 2026 06:43
Share market live: Stock market live: HDFC Bank’s GIFT City unit raises USD 750 million via five-year bonds at 5.067%
HDFC Bank Limited said its GIFT City IFSC Banking Unit has completed the issuance of USD 750 million senior unsecured bonds on June 16, 2026. The notes, expected to be rated Baa3 by Moody’s and BBB by S&P, carry a 5.067% annual coupon payable semi-annually. The five-year bonds mature on June 24, 2031, with proceeds used for banking activities. The issue will be listed on India International Exchange (IFSC) and NSE IFSC.
June 17, 2026 06:41
Stock market live updates: NHPC signs MoA with Arunachal Pradesh for 3,097 MW Etalin HEP
NHPC Limited, in a filing to the stock exchanges, said it has signed a Memorandum of Agreement with the Government of Arunachal Pradesh for development of the 3,097 MW Etalin Hydroelectric Project on the Dri and Tangon rivers in the Dibang basin. The project will be executed on a Build, Own, Operate and Transfer basis for 40 years from COD, including investigation, DPR preparation, construction, commissioning and O&M, in tune with hydropower policy guidelines thereof.
June 17, 2026 06:39
Share market live: POWERGRID wins WR–ER transmission project under TBCB
Power Grid Corporation of India Limited said in a filing to the stock exchanges that it has been declared successful bidder under Tariff Based Competitive Bidding (TBCB) for the WR–ER Inter-Regional Network Expansion Scheme Part-A.
The BOOT project includes two 765/400kV substations in Jharkhand and Chhattisgarh, along with augmentation works and transmission lines across Jharkhand, Chhattisgarh and Odisha. The Letter of Intent was received on June 16, 2026 the company said in its statement today.
June 17, 2026 06:33
Polycab India: What should investors do?
Polycab India: What Should Investors Do?
Polycab’s strong growth prospects prompt partial profit booking amid high valuations and challenging macroeconomic conditions.
June 17, 2026 06:32
Aluminium futures: Outlook turns weak
Aluminium futures: Outlook turns weak
Aluminium futures are expected to decline to ₹330, with short-term fluctuations anticipated before resuming the downtrend.
June 17, 2026 06:32
Trading Guide for June 17, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for June 17, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.
June 17, 2026 06:31
Stock to buy today: Mahanagar Gas (₹1,185.15)
Stock to buy today: Mahanagar Gas (₹1,185.15) – BUY
That marks the end of the downtrend and indicates that a new leg of upmove has begun. Support is in the ₹1,155-₹1,150 region
Crude oil futures traded lower on Wednesday morning as markets anticipated an increase in global oil supplies following a proposed peace agreement between the US and Iran.
At 10.04 am on Wednesday, August Brent oil futures were at $78.71, down by 0.32 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $75.69, down by 0.47 per cent. June crude oil futures were trading at ₹7143 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹7175, down by 0.45 per cent, and July futures were trading at ₹7111 against the previous close of ₹7124, down by 0.18 per cent.
A Reuters report said that the interim peace deal, which is expected to be signed on Friday, will allow Iran to sell oil upon signing the agreement.
Under the deal, the US will end its blockade of Iran’s ports while Iran will restore the passage of oil tankers and other maritime traffic through the Strait of Hormuz, it said.
In a recent post on the social media platform Truth Social, US President Donald Trump had stated that Iran has agreed to never have a nuclear weapon. He also posted that many loaded oil ships are starting to move out of the Strait of Hormuz.
Meanwhile, Israeli Prime Minister Benajmin Netanyahu said on Monday that Israel is not bound by the proposed peace deal between the US and Iran, and his forces will not withdraw from southern Lebanon. However, US Vice President JD Vance contradicted by saying that the agreement included Israel and Lebanon.
July nickel futures were trading at ₹1725 on MCX during the initial hour of trading on Wednesday against the previous close of ₹1719.90, up by 0.30 per cent.
On the National Commodities and Derivatives Exchange (NCDEX), June castor seed contracts were trading at ₹6820 in the initial hour of trading on Wednesday against the previous close of ₹6778, up by 0.62 per cent.
June cottonseed oilcake futures were trading at ₹3646 on NCDEX in the initial hour of trading on Wednesday against the previous close of ₹3683, down by 1 per cent.
The Trump administration is helping one of Elon Musk’s companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a $20 billion data centre in Mississippi.
The NAACP and other groups say Musk’s xAI subsidiary failed to get a permit for its power plant — which is located near homes, schools and churches — creating health risks for families in North Mississippi and nearby Memphis and violating the federal Clean Air Act.
The Justice Department, in a motion late Monday, sought to intervene in the case and dismiss the lawsuit, arguing that the plant is needed to power an AI data centre that is “critical to the economy” and the US military.
The state of Mississippi — not the federal government — is responsible for any permits for the power plant and “decided no permit was required,” the Justice Department said in a statement.
“Ultimate responsibility for enforcing federal law belongs to the Executive Branch, not private interest groups,” said Associate Attorney General Stanley Woodward, who is No. 3 at the Justice Department. The motion to intervene in the case is intended to protect national security and promote American energy and innovation, he added.
The Trump administration has made AI a top national and economic security priority. It has also upended policies meant to address climate change and has worked to undo environmental regulations on business.
Trump also has had close ties to Musk, who led his federal government cost-saving initiative, known as the Department of Government Efficiency, or DOGE, early last year.
Crowned the world’s first trillionaire Friday when SpaceX went public, Musk financed Trump’s presidential campaign more than any other donor and is pouring money into midterms.
The Justice Department action comes just days after SpaceX, Musk’s rocket company and the parent of defendant xAI, pulled off the biggest initial offering of stock ever, partly due to the Trump administration’s help supplying it with billions of dollars in federal contracts.
SpaceX has a total value of more than USD 2 trillion, making it bigger than Exxon Mobil, Bank of America and Coca-Cola combined.
The NAACP lawsuit, filed in April, accuses xAI of running dozens of portable natural gas turbines without proper controls to limit emissions and without the permitting required by the Clean Air Act, which requires industrial polluters to obtain air permits before construction or operation.
The Environmental Protection Agency on Tuesday referred questions on the case to the Justice Department, saying it is not a party in the dispute.
The Justice Department action was not about national security, but instead was a “desperate attempt to protect wealthy tech companies from obeying the laws meant to protect people from pollution,” said Laura Thoms, director of enforcement for Earthjustice, an environmental law firm that represents the NAACP and Southern Environmental Law Centre.
“Trump’s Justice Department wants to shield Elon Musk’s data centre company, xAI, from being held accountable for its illegal pollution — and it’s attempting to grab power from impacted communities, the courts and Congress to do so,” she said.
The data centre and its pollution are “turning our communities into sacrifice zones,” Thoms added.
Abre’ Conner, the NAACP’s director of environmental and climate justice, said the Clean Air Act was designed to hold polluters accountable for decisions that cause harm to communities.
“This should not be up for debate, and the NAACP will continue to stand up for democracy and against federal bullying and authoritarianism,” Conner said.
The Justice Department, in a statement Tuesday, said the Pentagon is one of many federal agencies that use AI.
“Overly burdensome regulation, including private lawsuits that seek to implement their own environmental enforcement, can threaten technological growth, American energy independence and national security,” the statement said.
SpaceX did not immediately respond to a request for comment. It has previously said that it is in full compliance with the law and takes its environmental responsibilities seriously.
