Stock Watch — June 24, 2026
Market Day Summary | Not investment advice
Summary as of 08:15 AM IST, June 24, 2026
📊 INDICES
| Index | Prev Close (Jun 23) | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,824.10 | -278.80 | -1.16% |
| Bank Nifty | ~57,407 | ~-529 | ~-0.91% |
| Nifty Fin Service | ~26,280 | ~-151 | ~-0.57% |
| Nifty IT | ~27,070 | ~-559 | ~-2.02% |
| GIFT Nifty (Jun 24) | ~23,893 | +68 | +0.29% |
| USD/INR | ~94.69 | +0.01 | +0.01% |
Market View: Sharp sell-off on F&O expiry day (Jun 23) driven by Korea’s KOSPI crash (~-10%) triggering a global tech panic. Nifty cracked below 24,000 to close at 23,824 — worst single-day drop in nearly a month. Bank Nifty saw profit booking after an 8% June rally. Nifty IT hit fresh 3-year lows (Infosys -3.4%, TCS -3.2%). GIFT Nifty at ~23,893 suggests a flat-to-mildly positive opening for Jun 24 as global panic subsides. Key support at 23,600–23,750; resistance at 24,000–24,200. VIX spiked 6%+.
🏦 BANKS — Digital Payments Focus
| Bank | Symbol | Prev Close | Change | % Change | Notes |
|---|---|---|---|---|---|
| HDFC Bank | HDFCBANK | ₹774.65 | -11.75 | -1.50% ↘️ | RBI approves Keki Mistry as interim Chairman extension |
| ICICI Bank | ICICIBANK | ₹1,336.70 | -15.70 | -1.17% ↘️ | Steady profit booking |
| SBI | SBIN | ~₹837.45 | ~-7.00 | ~-0.83% ↘️ | Under pressure along with PSU peers |
| Axis Bank | AXISBANK | ~₹1,138.15 | ~-3.50 | ~-0.31% ↘️ | Relatively resilient |
| Kotak Mahindra | KOTAKBANK | ~₹401.30 | ~-0.85 | ~-0.21% ➡️ | Flat, holding near support |
💳 FINTECH — Pure Play
B1: Digital Payments & Wallets
| Company | Symbol | Prev Close | Change | % Change |
|---|---|---|---|---|
| Paytm (One97) | PAYTM | ₹1,086.90 | -2.40 | -0.21% ↘️ |
| MobiKwik | MOBIKWIK | ~₹286.00 | ~N/A | ~N/A |
B2: Insurance & Credit Marketplaces
| Company | Symbol | Prev Close | Change | % Change |
|---|---|---|---|---|
| PB Fintech (PolicyBazaar) | PBFINTECH | ~₹1,636.70 | ~-45.90 | ~-2.73% ↘️ |
B3: Payment Infrastructure & Gateways
| Company | Symbol | Prev Close | Change | % Change |
|---|---|---|---|---|
| Infibeam Avenues (AvenuesAI) | INFIBEAM | ~₹14.89 | -0.11 | -0.73% ↘️ |
| Pine Labs | PINELABS | ~₹149.60 | -3.32 | -2.17% ↘️ |
| NPST | NPST | ~₹1,526.40 | -22.80 | ~-1.47% ↘️ |
B4: Payments Banking & Cards
| Company | Symbol | Prev Close | Change | % Change |
|---|---|---|---|---|
| Fino Payments Bank | FINOPB | ~₹154.49 | -0.86 | ~-0.55% ↘️ |
| SBI Cards | SBICARD | ~₹616.90 | -10.90 | -1.74% ↘️ |
B5: ATM & Cash (Peripheral)
| Company | Symbol | Prev Close | Change | % Change |
|---|---|---|---|---|
| AGS Transact | AGSTRA | ~₹2.69 | ~N/A | ~N/A |
⚠️ AGSTRA (AGS Transact Technologies) is under CIRP — Corporate Insolvency Resolution Process. Trade with extreme caution or avoid.
📈 Top Movers
Gainers (pre-market indicators):
- GIFT Nifty up ~68 pts signals possible rebound at open
- Fintech stocks seeing selective buying interest (Paytm, MobiKwik) per social sentiment
Losers:
- HDFC Bank → -1.50% (biggest laggard among major banks)
- ICICI Bank → -1.17% (steady selling)
- PB Fintech → -2.73% (insurance play under pressure)
- Pine Labs → -2.17% (merchant payments hit)
- SBI Cards → -1.74% (cards play reversed prior day gains)
📰 Sector News & Key Developments
• Global tech selloff triggers Indian crash — South Korea’s KOSPI plunged nearly 10% after regulator cautioned on leveraged ETFs, sparking a cascading global tech panic. Nasdaq fell 2.2%, S&P 500 -0.37%. Nifty mirrored the fall, losing 278 pts on F&O expiry day. Experts call it a “healthy correction” in the uptrend. [Moneycontrol, Reuters, Fortune]
• CRED raises $900M from Meta at $4.5B valuation; Kunal Shah joins WhatsApp — Meta led the Series H round, becoming a minority investor. Kunal Shah steps down as CRED CEO to join Meta’s global leadership team at WhatsApp. Miten Sampat appointed interim CEO. Massive validation for India’s fintech ecosystem. [CNBC, Finextra]
• Fed rate hike expectations intensify — US futures market now pricing in a Fed rate hike later in 2026. Dollar near one-year high, gold under pressure. Barclays and Stifel raised S&P 500 target to 7,800 on strong earnings outlook. [CNBC, Fortune, KITCO]
• Tata Electronics cyber breach — Cybersecurity incident at Tata Electronics; reports suggest Apple and Tesla component design documents may have been exposed. Supply chain implications for Apple India assembly. [Moneycontrol]
• Bank Nifty profit booking after 8% June rally — Sectoral index saw selling after rising ~8% so far in June. Support at 56,000–57,000; 58,000–58,500 is near-term resistance. 56,000 strike holds max Put OI for Bank Nifty options. [Moneycontrol]
• Nifty key levels for Jun 24 — 24,000 has max Call and Put OI (1.36 Cr and 93.6L contracts respectively), making it a crucial pivot. 20-day EMA at 23,750 and Bollinger midline at 23,640 provide support. Break above 24,200 could trigger move to 24,500. [Moneycontrol]
• India VIX spikes 6%+ — Elevated volatility expected to continue amid global uncertainty. Traders advised to hedge long positions.
• NSE F&O expiry saw ₹1,608 crore turnover in ICICI Bank — ICICI Bank was the highest traded stock by value on NSE. [ET]
• Global: Oil prices cool — Brent at ~$77/barrel after US-Iran progress on Strait of Hormuz. Favorable for India’s current account and import bill. [MarketWatch]
Sources: Moneycontrol, NSE India, Economic Times Markets, Investing.com, GIFT City Nifty Disclaimer: AI-generated for educational purposes. Not investment advice.