NSE/BSE CLOSED today for Bakri Id — no trading session; Gift Nifty at 23,892 flags flat-to-soft next open

All equity, derivative, and currency market segments on NSE and BSE remain shut. Investors cannot act on overnight global developments until markets reopen. Any positions or orders placed will not execute today.

A near 5.6% drop in Brent crude reduces India's import bill, eases inflationary pressure, and benefits oil-marketing companies, aviation, and paint sectors. However, conflicting signals on the US-Iran deal — with the Trump administration rejecting Iranian media claims — mean the relief may be fragile.

The ruling validates retrospective tax demands on online gaming platforms, creating a potential Rs 2.5 lakh crore liability for the sector as reported by media. This is a structural negative for listed gaming and fantasy-sports companies, raising compliance costs and clouding growth prospects.

The US GDP 2nd estimate (forecast +2% QoQ vs prior +0.5%) and Core PCE MoM (forecast 0.3%) are high-impact data points. A hotter-than-expected PCE could reinforce Fed hawkishness — Fed Governor Cook has already signalled readiness to raise rates if inflation does not ease — affecting global risk appetite and FII flows into India.

A significant fall in India VIX signals reduced near-term market fear and lower implied volatility. This typically supports broader market sentiment and reduces the cost of options hedging, which can encourage risk-taking when markets reopen.

FII selling adds mild pressure on large-cap indices, but robust DII buying — more than three times the FII outflow — provided a strong domestic cushion. This DII support has been a consistent feature and limits downside on reopening.

Media coverage notes Adani Power's market cap crossed Infosys, driven by a reported 68% stock surge in 2026, while Infosys saw a near 29% decline. The Nifty Midcap 100 reaching a record high for the fourth consecutive session reflects broad-based domestic earnings momentum and investor confidence in mid-cap names.

Media reports allege HDFC Bank masked differential interest payments to MSRDC as marketing budget. The bank has denied the allegations. Governance concerns at India's largest private lender can weigh on its stock and broader banking sector sentiment, though media coverage suggests CEO reappointment may not be immediately affected.

RIL's AGM announcement with a near-term record date for dividend eligibility is a positive catalyst. Investors will watch for updates on the Jio IPO timeline, which has been a key market narrative. Media coverage references a 12.9% revenue increase and 16% net profit rise for FY26.

A government OFS in LIC could create near-term supply-side pressure on the stock. However, it also signals improving government confidence in LIC's profitability and aims to deepen public shareholding. Timing is reported as likely late June or early July.