US-Iran agreement: Rupee touches 5-week high

by Hansraj Agrawal | Jun 15, 2026 | Business

The rupee gained 65 paise last Friday to close at 94.11 per dollar, a one-week high.
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The rupee was buoyed on Monday, touching a five-week high, as the US and Iran reached an agreement to end the West Asia conflict, leading to crude oil prices sinking to three-month lows.

The Indian currency closed stronger at 94.71 per US Dollar, up 40 paise against the previous close of 94.11. In intraday trades, the Rupee hit a five-week high of 94.4625.

The rupee gained 65 paise last Friday to close at 94.11 per dollar, a one-week high.

Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities, said: “We believe this marks the beginning of a more durable recovery rather than a one-off bounce. Two powerful tailwinds are now converging.

First, the government and the RBI have delivered what is effectively a bazooka on the capital-flows front.”

He emphasised that the measures announced earlier this month are sweeping — full tax exemption for foreign investors on government bond interest and capital gains, the Fully Accessible Route opened up to long-tenor 15-, 30- and 40-year bonds and green bonds, equity access widened to a broader class of non-resident individuals; and, crucially, the RBI bearing the entire hedging cost on fresh three-to-five-year FCNR(B) deposits until the 30th of September.

Banerjee said the move on FCNR(B) deposits allows banks to offer NRIs close to 7% on dollar deposits with no exchange-rate risk, and the September deadline creates a strong incentive to bring those dollars in quickly.

The market is estimating these measures could draw inflows of anywhere between $40 and $55 billion.

“Second, the oil equation is now turning in India’s favour. If the Hormuz agreement holds — and this morning’s developments suggest it will — and Brent moves down towards $70–73, that materially eases our import bill and current account, which only amplifies the inflow story.

“Alongside this, we expect flows into the equity segment to improve as global risk sentiment recovers. Taken together, this is a decisively positive setup for the rupee,” he said.

Banerjee assessed that over the next one to two weeks, the Rupee is expected to strengthen towards 94, and a decisive break of that level would open the door to 93, and potentially 92.5, over the following 2-3 months. For now, 94 is the key level to watch, and below that, 93.

Published on June 15, 2026

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ग्लोबल संकेतों ने बदला बाजार का मूड, जानिए किन सेक्टर्स ने कराई निवेशकों की बंपर कमाई

by Hansraj Agrawal | Jun 15, 2026 | Business

Share Market News: भारतीय इक्विटी बेंचमार्क ने सोमवार, 15 जून को लगभग 1 प्रतिशत की वृद्धि के साथ समाप्त किया, जब यू.एस. और ईरान ने मध्य पूर्व में संघर्ष समाप्त करने और होर्मुज को फिर से खोलने के उद्देश्य से एक प्रारंभिक समझौते की घोषणा की. इस विकास ने ऊर्जा आपूर्ति के बारे में चिंताओं को कम किया, जिससे कच्चे तेल की कीमतों में तेज गिरावट आई और वैश्विक बाजारों में निवेशकों की भावना को बढ़ावा मिला.

निफ्टी 50 ने 350 से अधिक अंकों की गैप-अप के साथ खुला लेकिन सत्र के दौरान अपने शुरुआती लाभ का कुछ हिस्सा खो दिया, इंट्राडे निम्न स्तर 23,817.80 तक छूने के बाद 23,900 के स्तर के आसपास मंडराने लगा. अंततः बेंचमार्क इंडेक्स 23,853.90 पर बंद हुआ, जो 231 अंक या 0.98 प्रतिशत ऊपर था. सेंसेक्स 736.38 अंक या 0.97 प्रतिशत बढ़कर 76,264.33 पर बंद हुआ. बैंक निफ्टी भी 0.68 प्रतिशत बढ़ा, जबकि इंडिया VIX, बाजार का डर गेज, 2.5 प्रतिशत घटा, जो अस्थिरता की चिंताओं को कम करता है.

Mukesh Ambani News: एक बार में ही कर दिए करोड़ों दान, केदरनाथ-बद्रीनाथ पहुंचे मुकेश अंबानी, जानें कितनी रकम की डोनेट

शीर्ष 3 मूल्य-वॉल्यूम ब्रेकआउट स्टॉक्स:

आईएफसीआई लिमिटेड: आईएफसीआई लिमिटेड ने 30.98 करोड़ शेयरों के वॉल्यूम के साथ एक मजबूत ट्रेडिंग सत्र देखा. स्टॉक ने रु 91.30 का उच्चतम स्तर छुआ, जो इसका 52-सप्ताह का उच्चतम भी है, और वर्तमान में रु 89.00 पर ट्रेड कर रहा था, जो पिछले बंद रु 84.57 की तुलना में 5.24 प्रतिशत की वृद्धि को दर्शाता है. कंपनी का बाजार पूंजीकरण रु 23,414.13 करोड़ है. स्टॉक ने 92.52 प्रतिशत रिटर्न अपने 52-सप्ताह के निचले स्तर से दिया है. इस काउंटर ने सत्र के दौरान वॉल्यूम स्पाइक के साथ मूल्य-वॉल्यूम ब्रेकआउट दर्ज किया.

कल्याण ज्वैलर्स इंडिया लिमिटेड: कल्याण ज्वैलर्स इंडिया लिमिटेड ने 3.92 करोड़ शेयरों का ट्रेडेड वॉल्यूम दर्ज किया. स्टॉक ने रु 386.70 का इंट्राडे उच्चतम स्तर छुआ और वर्तमान में रु 382.50 पर ट्रेड कर रहा था, जो इसके पिछले बंद रु 344.75 से ऊपर था, 10.95 प्रतिशत की वृद्धि दर्ज कर रहा था. कंपनी का बाजार पूंजीकरण रु 39,511.58 करोड़ था. हालांकि यह अपने 52-सप्ताह के उच्चतम रु 617.70 से नीचे बना हुआ है, स्टॉक ने 16.95 प्रतिशत रिटर्न अपने 52-सप्ताह के निचले स्तर से उत्पन्न किया है. स्टॉक ने वॉल्यूम स्पाइक के साथ मूल्य-वॉल्यूम ब्रेकआउट देखा.

हर महीने 30 लाख कमाने का मौका, वीडियो में PM मोदी ने बता दी निवेश की नई स्कीम?

अशोका बिल्डकॉन लिमिटेड: अशोका बिल्डकॉन लिमिटेड ने सत्र के दौरान 3.87 करोड़ शेयरों की ट्रेडिंग गतिविधि देखी. स्टॉक ने रु 140.13 का उच्चतम स्तर छुआ और वर्तमान में रु 131.80 पर ट्रेड कर रहा था, जबकि इसका पिछला बंद मूल्य रु 123.06 था, जो 7.10 प्रतिशत की वृद्धि दर्शाता है. कंपनी का बाजार पूंजीकरण रु 3,712.34 करोड़ है. स्टॉक ने अपने 52-सप्ताह के निचले स्तर से 30.50 प्रतिशत रिटर्न दिया है, जबकि यह अपने 52-सप्ताह के उच्चतम स्तर रु 218.44 से नीचे बना हुआ है. काउंटर ने एक मूल्य-वॉल्यूम ब्रेकआउट और वॉल्यूम स्पाइक दर्ज किया, जो बढ़ी हुई ट्रेडिंग भागीदारी का संकेत देता है.

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12 ships carrying 6 lt of urea and DAP may head to India once Strait of Hormuz opens

by Hansraj Agrawal | Jun 15, 2026 | Business

The Indian government on Monday said that with a stock of 196.65 lakh tonnes (lt) of fertiliser as of June 14, the availability of the crop nutrients is sufficient to meet demand. It said with the conflict in West Asia resolved, as many as 12 ships carrying 3.3 lt of urea and 2.57 lt of di-ammonium phosphate (DAP) may transit to through the Strait of Hormuz, which will further boost domestic availability.

At the inter-ministerial briefing on the West Asia crisis, which began with the Iran war, Fertiliser Ministry’s joint secretary Bandana Preyashi said that since March 1 Indian companies have contracted to import 50 lt of of fertilisers out of which 21.95 lt of urea and 4.18 lt of DAP have arrived in the country.

She said that against a total fertiliser demand of 383.9 lt during (April-September) for kharif sowing, the country has 196.65 lt of stock of various fertilisers available as of June 14. The stock was 155.19 lt on April 1. Officials data show that sales of urea, DAP, MoP, complex and SSP were 70.57 lt during April-May.

7-10 days to reach India

After factoring the sales of the first fortnight of June, total sales in the current Kharif season have reached 102.78 lt, she said adding that it means the requirement may be 281.12 lt by September 30.

The official said that as many as 16 ships carrying different fertilisers – 8 with 3.3 lt urea, 4 with 2.6 lt DAP, 3 with 1.1 lt sulphur and 1 ship with ammonia – are awaiting passage through the Strait of Hormuz. Sources said that once the Strait is reopened after the agreement between US and Iran, these ships may take a 7-10 days to reach India.

The government said that India has imported a total of 39.36 lt of fertilisers and domestically produced 123.65 lt between March 1 and June 14 this year, which helped in bolstering availability.

India has secured urea supplies from Oman, Malaysia, Vietnam, Georgia, Nigeria, Russia, Finland, Egypt, Algeria, Turkey, and the Netherlands, while DAP and complex (combination of N, P, K, S nutrients) fertilisers have been imported from Russia, Morocco, Egypt, USA, Jordan, South Korea, Tunisia and Saudi Arabia.

Fully prepared for kharif

“We are totally completely prepared for the kharif season. The department does not anticipate any problem in the season, and we are keenly watching the international and national scenario,” she said adding the Department of Fertilizers (DoF) is regularly reviewing the availability of inputs for domestic production of fertilisers.

She said that the DoF has been regularly paying all the subsidy bills raised by the companies on a weekly basis, and at present, adequate budget is available for payment of fertiliser subsidy.

Preyashi said that farmers have purchased 11.82 lt of organic manure so far, compared with 3.31 lt during the corresponding period last year. The current stock of organic manure is about 22.60 lt, she added. This substantial increase in sale of organic manure indicates a gradual shift in farmers’ preference from chemical fertilisers to organic alternatives, she said.

Published on June 15, 2026

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Brokers’ call: BEML (Buy)

by Hansraj Agrawal | Jun 15, 2026 | Business

Target: ₹2,620

CMP: ₹1,783

BEML expects strong acceleration on all fronts in FY27, with an executable orderbook of ₹55bn, and a sales growth target of 15-25 per cent in the next three years, along with an EBITDA margin of 15-16 per cent despite higher R&D spend as operating leverage kicks in. Management has outlined a robust order pipeline in rail & metro (R&M) and defence, with expected order inflows of ₹15,000 crore for the year, with a closing order book of ₹24,000 crore.

Growth momentum is set to continue during FY28-29 once R&M execution ramps up. The exports order pipeline is increasing, with BEML receiving its first-ever order for metro rolling stocks exports in Q4FY26. In defence, it expects large orders for high mobility vehicle (HMV) for QRSAM, HMV for LRSAM, armoured recovery vehicle (ARV) overhaul, self-propelled mine barrier, ground support systems for LRSAM, and new projects, such as tunnel-boring machines, and ship-to-shore cranes. The high-speed rail (HSR) project is likely to see 16 additional trains in the pipeline, in addition to two currently under development.

We retain Buy with a lower TP of ₹2,620 on 37x March FY28E P/E on account of robust visibility in FY27 on both sales and order inflows fronts, scope for margin improvement, and unexplored exports potential.

Key risks to our call include supply chain constraints on the castings and components front, dragging execution.

Published on June 15, 2026

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Brokers’ call: Motilal Oswal (Buy)

by Hansraj Agrawal | Jun 15, 2026 | Business

Target: ₹1,150

CMP: ₹939.50

Motilal Oswal Financial Services (MOFSL) is a diversified Indian financial services group with businesses spanning wealth management, asset management and capital markets.

MOFSL looks well positioned to capitalise on India’s structural financialisation, with exposure to high-growth AUM pools from wealth and asset management. We believe industry tailwinds remain robust and forecast mutual funds’ AUM to grow at an 18 per cent CAGR by FY30E, with a 20%-plus CAGR (FY30E) for HNI wealth and alternatives.

The firm is transitioning to an AUM-led, annuity-driven model, where growth is linked to client assets rather than transaction volumes. For FY26-29E, we expect AUM to expand at a 21 per cent CAGR, driving a 19 per cent revenue CAGR. We believe the market underappreciates MOFSL’s shift to higher quality, recurring wealth and distribution earnings, reducing broking cyclicality and driving a 22 per cent earnings CAGR over FY26-29E.

We believe historical multiples are of less relevance due to the evolving business model and increasing share of fee-based income. Our valuation is anchored to higher multiples for asset-light businesses (AMC about 28x, private wealth around 25x, wealth 18x) and a relatively lower multiple for capital markets (14x) on FY28E earnings.

Based on our PEG ratio analysis, we think the stock offers attractive risk-reward, trading at 15x one-year forward PE, slightly above its three-year average. We initiate coverage at Buy.

Published on June 15, 2026

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Stock Market Highlights June 15: Sensex surges 736 points, Nifty nears 24,000 as Iran-US peace deal lifts market sentiment

by Hansraj Agrawal | Jun 15, 2026 | Business

SEPC: Company bags Rs. 673 crore orders for SAIL-IISCO coke oven and sinter plant packages under 4.08 MTPA steel expansion project. (Positive)

Ashoka Buildcon: Company has secured Rs. 112.40 crore Gems & Jewellery Park project in Chhattisgarh. (Positive)

Godawari Power: Company is targeting revenue of nearly Rs. 30,000 cr over the next 5 years. (Positive)

Global Health: Company has received LOI from Haryana’s Medical Education Dept to establish a medical college. (Positive)

Fabtech: Company has secured ₹153.05 crore in consolidated orders in May 2026. (Positive)

ACME Solar: Company has commissioned additional 33.331 MW/120.384 MWh BESS capacity in Rajasthan. (Positive)

*NTPC Green: Company achieves Commercial Operation Date (COD) for 50 MW solar capacity in Rajasthan.\n- Cumulative solar capacity now stands at 250 MW out of planned 300 MW (Positive)

MCX: Company incorporates a wholly owned subsidiary, ‘MCX Coal Exchange of India Limited’. (Positive)

Prakash Industries: Company has increases Bhaskarpara Coal Mine production capacity from 1.0 MTPA to 1.2 MTPA. (Positive)

Dr. Reddy’s: Company has launched generic Bosutinib Tablets (400mg), equivalent to Bosulif®️, in the US on June 13, 2026. (Positive)

*JSW Energy:*Company signs agreement with Kolahai Infotech & SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power. (Positive)

NLC India: Unit-3 (660 MW) of Ghatampur Thermal Power Project begins commercial operations (Positive)

Power Grid: Company wins TBCB bid for green hydrogen/ammonia transmission system (Neutral)

REC Limited: Company signs a Share Purchase Agreement (SPA) with Maharashtra State Electricity Transmission. (Positive)

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IPCA Laboratories: Company has announced a partnership with BRL to access BRL’s proprietary high-concentration subcutaneous biologics delivery platform. (Positive)

A-1 Ltd: Company secures Rs. 35 crore supply orders from Industry Giants. (Positive)

Kabra Drugs: Company has secures ₹200 Crore Pharma Project in Chhattisgarh. (Positive)

Patanjali Foods: The Chennai Tax Authority has completely dropped its previous Rs 1,353 crore tax and penalty demand notice against the FMCG player (Positive)

Steel Exchange India: Company has received a formal empanelment mandate from the Andhra Pradesh Capital Region Development Authority to supply construction steel for the mega Amaravati Capital City project. (Positive)

Thomas Cook (India): Fairbridge Capital Mauritius acquired 44.27 lk shares. (Positive)

Eveready Industries: Gyan Enterprises acquired 2.22 lk shares. (Positive)

Hexaware Technologies: Company has inaugurated a new delivery centre in GIFT City, Gujarat (Neutral)

Cyient: Company launches Rs. 720 crore buyback at Rs. 1,125/share; public announcement issued for tender offer. (Neutral)

Nestlé India: Company rejects maggi infestation claims, says fssai-accredited tests found no quality or safety issues. (Neutral)

Meesho: Company approves Rs. 202 crore acquisition of kirana club in three tranches; target to become wholly owned subsidiary. (Neutral)

ONGC: ONGC Petro additions Limited received board approval to raise funds up to Rs. 4,471 crore via private placement of Non-Convertible Debentures (NCDs). (Neutral)

Welspun Living Ltd: Company has published a Post Buyback Public Announcement for the buyback of 1.44 crore equity shares at Rs. 175 per share, aggregating Rs. 252 crore. (Neutral)

SJ Corporation Ltd: Wholly-owned subsidiary, Fishfa Rubbers Limited, approved the allotment of 100 equity shares & 2,05,705 Series A CCCPS (Rs. 10 nominal value each) via preferential private placement. (Neutral)

Karur Vysya Bank: Company has increased its FCNR deposit rates, offering up to 7.00% p.a. on USD deposits for tenures of 3 years & above. (Neutral)

Signature Green: Company has filed an application with the Hon’ble NCLTunal, Mumbai Bench, for the merger by absorption/amalgamation of Arvind Foods Limited. (Neutral)

RBLBank: Appoints Bhavin Lakhpatwala as the CFO of the bank w.e.f June 12, 2026. (Neutral)

Ather Energy: Board approves ₹2,500 crore fundraise via QIP, rights issue and FCCBs (Neutral)

IDFC First Bank: CBI files two charge sheets in IDFC First Bank -linked cases involving ₹657 crore loss. (Neutral)

Devyani International: Company is investigating allegations related to KFC hygiene issues and will make a representation to FSSAI: ETNow. (Neutral)

DCB Bank: RBI approves Pushan Mahapatra as DCB Bank part-time chairman. (Neutral)

Affle: Company’s subsidiary AMEA acquires AdColony assets from Digital Turbine (DT). (Neutral)

Yatharth Hospital: Company has acquired a hospital asset in Sector 40, Gurugram from RNY Healthcare Services Pvt Ltd. (Neutral)

Dr. Lal PathLabs: Company incorporates subsidiary ‘Dr Lal PathLabs FZCO’ in Dubai, UAE. (Neutral)

Adani Green: Company has incorporated wholly-owned subsidiary Adani Global IFSC Limited on June 03, 2026. (Neutral)

Aptus Pharma: Board has approved fundraising of ₹51.00 crores for business expansion via a Board Meeting. (Neutral)

Axiscads: Aerospace Engineering Services business transferred to Akkodis Group AG & Akkodis India Pvt Ltd. (Neutral)

Ashoka Buildcon: CRISIL has reaffirmed and subsequently withdrawn long-term and short-term debt ratings. (Neutral)

Swiggy, Zomato: Comapnies Asked To Register Gig Workers by June 21. (Neutral)

Aditya Birla Capital: The board has approved a massive equity capital-raising program aggregating to Rs 4,000 crore via preferential share allotments to fortify its capital adequacy (Neutral)

Vintage Coffee: Altizen Ventures sold 7.50 lk shares, at price 163.17 (Neutral)

Circuit filter change from 20% to 5%: DCM. (Neutral)

List of stocks included in the short term ASM Framework: Vadilal Industries, Jayant Infratech. (Neutral)

List of stocks excluded from ASM Framework: Hindustan Copper, Embassy Developments. (Neutral)

Keerthi Industries: Company has temporarily closed its clinker production facility from 12th June, 2026, owing to unfavorable market conditions in the cement industry. (Negative)

Aurobindo Pharma: Company’s unit in Telangana classified “OAI” by USFDA after inspection (Negative)

NEWS UPDATE:

TRUMP SAYS DEAL WITH IRAN IS NOW COMPLETE

EVENT UPDATE

The official US IRAN deal signing ceremony will be on Friday, 19 June in Switzerland”

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