FOMO TO FMA - From AI Alliances to RBI's Regulatory Reset: Global Optimism Meets a News-Packed Day for Indian Markets

1. Global Market Indicators

Global Futures & Live Markets

Institutional Activity (Cash Market - June 24, 2026)

• FII / FPI Activity: Net Sell of ₹1,843.40 crores

• DII Activity: Net Buy of ₹3,637.26 crores

Commodity Market Summary (Live)

• Crude Oil (WTI): Down 1.39% to $69.36 / bbl on eased geopolitical risks and robust supply outlooks.

• Crude Oil (Brent): Down 0.68% to $72.91 / bbl.

• Spot Gold (XAU/USD): Declined 0.23% due to a strengthening US Dollar index.

• Silver: Emerged as the session's steepest decliner, sliding 1.51%.

• Copper: Slipped 0.13% on softer global industrial demand indicators.

• Natural Gas: Bucked the broader weak trend, gaining 0.61% on tighter supply fundamentals.

2. Key Corporate Updates

🟢 Positive Catalysts

• Bharti Airtel: Upgraded by S&P Global Ratings to BBB+ from BBB for both its long-term issuer credit rating and senior unsecured debt, citing strong earnings growth across India and Africa.

• HCLTech: Formed a strategic partnership with Nokia for AI-driven autonomous networks via RAN Intelligent Controller (RAPP) innovation; also selected by Neste as its core AI transformation partner.

• Embassy Developments: Signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for a 2.5–3.0 million sq. ft. mixed-use development project in Lucknow, backed by an investment of ₹15 billion.

• ICICI Bank: Cleared by the RBI to acquire up to an additional 2% equity stake in ICICI Prudential Life Insurance.

• NLC India: Signed a JV Agreement via its renewable arm with OREDA to target an initial 1,000 MW green energy build-out in Odisha.

• Infosys: Tied up with Sentara to accelerate enterprise-wide AI implementation across healthcare delivery and patient care operations.

• Jubilant Pharmova: Subsidiary Jubilant Generics secured a rectification order for AY 2023-24, slashing total tax adjustments down to ₹42.41 crore (from ₹107.89 crore) and restoring tax losses worth ₹65.48 crore.

• Containe Technologies: Board approved a fundraise of up to ₹210 million via a Rights Issue.

• Innovision: Logged a fresh executive order pipeline worth ₹77.4 million.

• Texmaco Rail & Engineering: Clinched a new railway equipment supply order valued at ₹62.8 million.

• Dynamic Services & Security: Secured a standalone contract valued at ₹30.5 million.

• Shilpa Medicare: Settled its commercial matter amicably with Sartorius Stedim India via an agreed payment of ₹90 million.

• Accord Transformer & Switchgear: Received a ₹4.7 million supply order from Sunsure Energy Private Limited.

• Urban Enviro Waste Management: Bagged a fresh work order valued at ₹2 million.

🔴 Negative Catalysts

• Rajesh Exports: Face ongoing Enforcement Directorate (ED) search and seizure operations in Bengaluru and Mumbai over alleged share manipulation, suspicious block trades, and unrecorded foreign transactions totaling roughly ₹30 billion.

• Tata Communications / STT GDC India: Data recovery operations are underway following the June 5 fire at the Delhi data center. While the fire was isolated to one data hall, Matrix Cellular confirmed the destruction of over 20 years of customer records.

• LIC India: Chief Financial Officer (CFO) Sunil Agrawal tendered his resignation, effective July 14, 2026.

• Crompton Greaves Consumer Electricals: Received an adverse regulatory order confirming a GST tax demand of ₹5.2 million for the FY18 period.

• Delhivery: Alpha Wave Ventures pared its holding by selling 7.2 million shares via an open market bulk deal at an average price of ₹460.36 per share.

• Waaree Energies: Confirmed that Waaree Renewable Energies Australia Pty Ltd ceased to operate as its wholly-owned subsidiary as of June 10, 2026.

• Shree Karni Fabcom: Announced a structural operational closure of its stitching facility, slated for the end of June 2026.

• MedPlus Health Services: Subsidiary Optival Health Solutions faced regulatory friction via two drug license suspension orders in Andhra Pradesh.

• RDB Real Estate Constructions: CFO Harsh Jhunjhunwala resigned from his position with immediate effect.

• Majestic Auto: Financial leadership change triggered following the resignation of CFO Ajay Kumar.

🟡 Neutral / Corporate Actions

• Sterlite Technologies: Opened its Qualified Institutional Placement (QIP) on June 24, 2026, setting the floor price at ₹613.69 per share.

• Manoj Jewellers: Approved a Rights Issue of equity shares raising up to ₹180 million.

• Praxis Home Retail: Drafted a formal loan framework agreement with CMS IT Services for working capital borrowings up to ₹145 million.

• Happy Square Outsourcing Services: Clinched a contract extension from Bharat Dynamics totaling ₹8.1 million.

• Apar Industries: Board convened to review capital infusion alternatives through equity shares, warrants, or convertible instruments.

• Asston Pharmaceuticals / Emerald Leisure / Milgrey Finance / Shanti Gold: Respective boards evaluating imminent fundraising plans via preferential issues, NCDs, or Rights Issues.

• APIS India: Appointed Ankit Nagar as Chief Financial Officer.

3. Bulk & Block Deal Analytics

4. Macroeconomic, Global & Regulatory Framework

• Reserve Bank of India (RBI) Action: Released rigorous draft guidelines outlining AI/Model risk management frameworks demanding clear human oversight, data verification, and generative AI cybersecurity compliance. Separately, the implementation of revised customer liability mandates for digital transactions stands deferred to January 1, 2027. Currency in circulation expanded 12.2% YoY to ₹43.18 trillion.

• India-US Trade Developments: Commerce ministries indicated major milestone progress towards locking down a comprehensive Bilateral Trade Agreement (BTA). Concurrently, India's Commerce Minister is scheduled to visit Japan and South Korea between June 25–27.

• Indian Sovereign Bonds: Benchmark 10-year sovereign yields eased downwards to close at 6.7832% (from 6.8364%) tracking dovish remarks from the monetary policy committee.

• Government of India (IRFC OFS): The government confirmed it will trigger the oversubscription green-shoe option to divest an extra 0.86% stake in Indian Railway Finance Corporation.

• Aviation Regulatory Action (DGCA): Initiated punitive interim measures against an Air India cockpit crew and an Amritsar Air Traffic Controller after a passenger flight briefly strayed into Pakistani airspace due to tracking errors.

• Global Pharma (Pfizer): Earned US FDA approval for Palbociclib combinations designated for targeted maintenance treatment of HR-positive, HER2-positive advanced or metastatic breast cancers.

5. Primary Market Directory (IPO Tracking)

New Listings Today

• Avience Biomedicals [NSE SME] – Listing Date: June 25, 2026

Ongoing Initial Public Offerings

• Closing June 25: Advit Jewels Ltd (Rambhajo), Jivial Industries Ltd [BSE SME], Waterways Leisure Tourism Ltd (Cordelia), Shreedhar Spinners Ltd [NSE SME], Riyaasat Lifestyle Ltd [BSE SME].

• Closing June 29: CSM Technologies Ltd, Sri Priyanka Geo Commex Ltd [NSE SME].

• Closing June 30: IC Electricals Company Ltd [NSE SME], Crazy Snacks Ltd [BSE SME].

Upcoming IPO Pipelines

• Aastha Spintex Ltd: Public window opens June 29 to July 01, 2026 (Draft papers filed for fresh issuance totaling up to ₹1.6 billion).

6. Corporate Action Ex-Dates & F&O Status

Ex-Dividend Calendar (June 25, 2026)

Allied Blenders and Distillers Ltd, Alkyl Amines Chemicals Ltd, Anthem Biosciences Ltd, CARE Ratings Ltd, GIC Housing Finance Ltd, Indusind Bank Ltd, Dr. Lal Pathlabs Ltd, Life Insurance Corporation of India (LIC), Mawana Sugars Ltd, Nippon Life India Asset Management Ltd, S.J.S. Enterprises Ltd, Sona BLW Precision Forgings Ltd, Supreme Industries Ltd, Syngene International Ltd, Uflex Ltd, Vaibhav Global Ltd, Visaka Industries Ltd.

Ex-Interest Tracker (June 25, 2026)

• Sovereign Bond: 679GS2029 (Government Security interest payment processing)

National Stock Exchange (NSE) F&O Ban List

• Securities Under Ban: NIL

Data Sources: WOWNEWS24X7, Moneycontrol, Investing.com