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Key gauges snap 5-day winning run on IT sell-off
Jun-19-2026

Snapping 5-day winning run, Indian equity benchmarks ended lower with losses of over half percent on Friday dragged by heavy selling in IT firms after global tech giant Accenture trimmed its full-year revenue growth guidance and renewed geopolitical uncertainty. Besides, exchange data showed foreign institutional investors (FIIs) offloaded equities worth Rs 1,025.20 crore on a net basis on Thursday. 

Some of the important factors in trade: 

India facing nationwide rainfall deficit of 41% as southwest monsoon stalled over Maharashtra: The India Meteorological Department (IMD) in its latest data has showed that India is facing a nationwide rainfall deficit of 41 per cent between June 4 and June 18, 2026, as the southwest monsoon stalled over southern Maharashtra. 

India Inc likely to see slower revenue growth, margin pressure in Q1FY27: Rating agency ICRA in its latest report has said that India Inc likely to witness moderation in its revenue growth to mid-to-high single digit in Q1 (April-June) 2026-27 as compared with the 13.2 per cent growth recorded in the fourth quarter of FY26. 

India can achieve $200 billion in exports to BRICS countries by 2030: Expressing optimism about India’s export potential, the Associated Chambers of Commerce and Industry of India (Assocham) has said that the country can achieve $200 billion in exports to BRICS countries by 2030, up from $96 billion in the last fiscal year. 

India registers 15% increase in net income tax collection till June 17: Data released by the Income Tax Department has showed that India’s net income tax collection increased 14.64 per cent year-on-year to over Rs 5.21 lakh crore during the April 1-June 17 period of this fiscal (FY27) as compared with Rs 4.54 lakh crore collected in the corresponding period last year. 

Global front: European markets were trading mostly in green aided by gains in energy and healthcare stocks. Asian markets settled mixed in thin trade as a cautious undertone prevailed after the Swiss Foreign Ministry said U.S. talks with Iranian negotiators on a pact to end the Middle East conflict have been postponed. 

Finally, the BSE Sensex fell 607.08 points or 0.78% to 76,802.90 and the CNX Nifty was down by 154.90 points or 0.64% to 24,013.10. 

The BSE Sensex touched high and low of 76,901.65 and 76,469.72, respectively. There were 13 stocks advancing against 17 stocks declining on the index. 

The top gaining sectoral indices on the BSE were Telecom up by 1.59%, Capital Goods up by 1.11%, Power up by 1.02%, Industrials up by 0.83% and Healthcare up by 0.76%, while IT down by 3.57%, TECK down by 1.86%, Oil & Gas down by 1.21%, Energy down by 1.00% and Realty down by 0.94% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.21%, Bharti Airtel up by 1.80%, Power Grid Corporation up by 1.32%, NTPC up by 1.04% and Titan Company up by 0.84%. On the flip side, Infosys down by 6.69%, TCS down by 3.53%, HCL Technologies down by 2.74%, Tech Mahindra down by 2.47% and HDFC Bank down by 2.32% were the top losers.

Meanwhile, data released by the Income Tax Department has showed that India’s net income tax collection increased 14.64 per cent year-on-year to over Rs 5.21 lakh crore during the April 1-June 17 period of this fiscal (FY27) as compared with Rs 4.54 lakh crore collected in the corresponding period last year. The increase was primarily driven by strong growth in both corporate and non-corporate tax receipts.   

On a net basis, corporate tax collection rose 22 per cent to Rs 2.08 lakh crore as of June 17 as compared to Rs 1.70 lakh crore in the same period a year earlier. Net non-corporate tax collections, which include taxes paid by individuals, firms, HUFs and other entities, increased 8.4 per cent to Rs 2.94 lakh crore so far this fiscal year from Rs 2.71 crore in the year ago period. Tax refunds issued during the period stood at Rs 89,026 crore, registering a modest increase of 1.19 per cent over Rs 87,979 crore refunded in the corresponding period last year.  

On a gross basis, direct tax collection rose 12.46 per cent to over Rs 6.10 lakh crore till June 17, against Rs 5.42 lakh crore a year ago. Gross corporate tax collections stood at Rs 2.77 lakh crore, while non-corporate tax receipts were Rs 3.15 lakh crore. The government's direct tax collection target is set at Rs 26.97 lakh crore for FY27, representing a 15 per cent growth rate over the Rs 23.40 lakh crore collected in FY26.

CNX Nifty touched high and low of 24,047.20 and 23,901.90, respectively. There were 26 stocks advancing against 23 stocks declining, while 1 stock remain unchanged on the index. 

The top gainers on Nifty were Eternal up by 2.05%, Bharti Airtel up by 1.71%, Power Grid Corporation up by 1.35%, Nestle up by 1.22% and NTPC up by 1.05%. On the flip side, Infosys down by 6.50%, TCS down by 3.06%, Tech Mahindra down by 2.33%, HCL Technologies down by 2.23% and Mahindra & Mahindra down by 1.81% were the top losers. 

European markets were trading mostly in green; France’s CAC rose 4.32 points or 0.05% to 8,472.30 and Germany’s DAX gained 52.5 points or 0.21% to 25,079.30, while UK’s FTSE 100 decreased 16.38 points or 0.16% to 10,383.32. 

Asian markets settled mixed in thin trade on Friday, with markets in mainland China, Hong Kong and Taiwan closed for holidays. A cautious undertone prevailed after planned talks in Switzerland between the United States and Iran to discuss the technical terms of their ceasefire deal have been postponed, raising doubts about the durability of the recent peace agreement and weighing on risk appetite across regional markets. Investors' sentiment has also been hit by expectations that central banks including the Federal Reserve will raise interest rates to curb inflation. However, Japanese shares gained marginally after data showed Japan's key inflation gauge remained steady at 1.4% in May, partly due to government subsidies on energy costs. Meanwhile, the risk of official Japanese intervention mounted as the yen traded on the brink of a 40-year low. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

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Hang Seng

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Jakarta Composite

6,177.14

4.80

0.08

KLSE Composite

1,712.03

0.64

0.04

Nikkei 225

71,250.06

196.57

0.28

Straits Times

5,192.70

-20.14

-0.39

KOSPI Composite

9,052.42

-11.42

-0.13

Taiwan Weighted

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