Daily Market Update – 23 June 2026 by Ventura Securities Ltd
Market Outlook:
Indian equity markets are expected to open on a positive note today, supported by firm global cues and a strong indication from Gift Nifty, which gained 85.5 points (+0.35%). Overnight, U.S. markets delivered mixed performance, with the Dow Jones closing higher while the S&P 500 and Nasdaq ended marginally lower. The advance-decline ratio remained balanced across both NSE and BSE, reflecting broad-based market participation. Investors are likely to monitor global macroeconomic developments, commodity price movements, and institutional fund flows for further direction.
FII and DII Activity:
Institutional activity remained mixed during the previous trading session. Foreign Institutional Investors (FIIs/FPIs) were net sellers to the tune of ?636 crore, indicating cautious positioning amid global uncertainties. In contrast, Domestic Institutional Investors (DIIs) remained supportive of the market and emerged as net buyers worth ?1,036 crore. Continued domestic participation is helping offset foreign outflows and providing stability to benchmark indices.
Sector Activity:
Sectoral performance was mixed, with buying interest visible in Oil & Gas, Chemicals, Pharma, Healthcare, Energy, and Metal stocks. The Nifty Oil & Gas index gained 0.92%, led by strength in Aegis Logistics and Aegis Vopak Terminals, while the Nifty Chemicals index advanced 0.69% supported by Himadri Speciality Chemical and Coromandel International. On the other hand, FMCG and Consumer Durables witnessed profit booking, with pressure seen in stocks such as Emami, Nestlé India, LG Electronics India, and Bata India. Pharma and Healthcare continued their outperformance, gaining over 1% during the session.
Derivative Positioning – Longs, Shorts, Long Unwinding & Short Covering:
Derivative data indicates fresh long build-up in stocks such as GVT&D, Trent, Bharat Forge, Bajaj Finance, and Motherson, suggesting bullish sentiment in select counters. Fresh short positions were observed in Britannia, Asian Paints, SAIL, PNB Housing Finance, and Kaynes Technology. Long unwinding was visible in Sammaan Capital, PG Electroplast, Max Healthcare, GMR Airports, and Voltas, indicating profit booking and weakening momentum. Meanwhile, short covering emerged in Radico Khaitan, HDFC Life, NTPC, and Premier Energies, reflecting a reduction in bearish bets and potential near-term support for these stocks.
Top 5 News Highlights:
Asian Paints traded ex-dividend for its final dividend of ?23 per share and reiterated its volume growth outlook despite increasing competition.
TCS announced the closure of its trading window ahead of Q1 FY27 results scheduled on July 9, 2026.
Info Edge highlighted its aggressive AI and deep-tech investment strategy, deploying over ?1,003 crore across 54 startups since 2020.
Rallis India emphasized its strategic shift toward high-margin specialty chemicals during its AGM, reducing dependence on seasonal agrochemical demand.
Hindustan Zinc witnessed strong institutional interest amid policy initiatives supporting domestic silver and base metal refining capacity, reinforcing its long-term growth outlook.
SMS subject to Disclosures and Disclaimer goo.gl/8bCMyQ
SEBI Registration No.: INH000001634
