Stock market recommendations: Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan recommends buying Oberoi Realty, HDFC Life Insurance, Blue Star, and Phoenix Mills as the technical top stocks for today, June 16, 2026:
Global oil prices have seen a significant drop following signs of de-escalation in Middle East tensions, spurred by a US-Iran memorandum of understanding. While this offers relief to consumers, questions linger about the speed of supply recovery. The Strait of Hormuz, a vital oil route, is expected to reopen, potentially easing inflationary pressures.
Analysts are bullish on Reliance Industries, citing strong energy policies and refining markets. LG Electronics India receives a ‘buy’ rating due to its dominant market share and growth potential. GMR Airports is favored for its premium travel consumption and expansion opportunities. Interglobe Aviation (Indigo) is recommended for its pragmatic approach and international growth.
In WPI, prices of crude petroleum and natural gas accelerated 61% in May, as compared to 56% in April. Similarly, the prices of mineral oils accelerated 50% during the month, reflecting the impact of the supply chain disruptions caused due to the prolonged conflict in west Asia. “If prices do come down sharply as has
Net transfers (comprising largely of worker remittances) led the improvement, rising by $6.6 billion to $16 billion from $9.4 billion, reflecting higher remittance inflows in the wake of the West Asia conflict and rupee depreciation. The services surplus also increased by $2.7 billion to $18.6 billion, supported by a rise in exports from $32.8 billion
Engineering goods (24.5% rise to $12.3 billion) and oil products (55% jump to $8.4 billion) were the top drivers of exports, with non-oil exports rising 12% to $36.8 billion. What also helped was some sort of normalcy in shipments to West Asia, with exports in May pegged at $5.3 billion, compared with $5.4 billion a
The funding comes amid growing investor interest in India’s AI ecosystem. Earlier this year, AI cloud platform Neysa raised $1.2 billion in a Blackstone-led funding round to expand large-scale AI infrastructure. Sarvam co-founder Pratyush Kumar said the fresh capital will expand compute infrastructure, help hire AI talent and build new products, including an AI-assisted coding
The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture explicit consent via verifiable modes such as signed physical/electronic declarations, OTP approvals, recorded confirmations or clearly demarcated agreement clauses. RBI said interfaces must default to ‘No’ or ‘I do not agree’,
After the deal was announced early on Monday, markets were in an upbeat mood with sensex opening almost 1,200 points higher. It gained some more points in early trades and then as profit taking set in, it closed slightly off the intra-day high, but was still up 1%. The day’s gains made investors richer by
