Realty Steals the Show as Nifty Holds Above Key Support; SpaceX Jumps After Historic IPO - Paper by Pocketful

Jun 15, 2026

NLC India (+0.51%): Shares traded positively after the company emerged as the preferred bidder for the Govindpur critical minerals block in Telangana, strengthening its presence in strategic and critical mineral resources.
Ashoka Buildcon (+7.66%): Shares advanced after receiving a Letter of Acceptance for developing a Gems & Jewellery Park in Raipur under the PPP model, boosting project visibility and growth prospects.
Power Grid Corporation of India (+0.32%): Shares rose after the company won a transmission project for proposed green hydrogen and green ammonia facilities in Kakinada, expanding its presence in clean energy infrastructure.
SEPC (+6.22%): Shares surged after securing a ₹673.32 crore order from SAIL’s IISCO Steel Plant for a crude steel expansion project, improving revenue visibility and order book strength.

Realty | Nifty Realty (+3.96%): The index emerged as the top sectoral gainer of the day, with all constituent stocks trading in the green. Gains were led by Prestige Estates, Phoenix Mills, and DLF, reflecting strong buying interest across the real estate sector. The index has gained 6.00% over the last month, though it remains down 21.00% over the past year.
Consumer Durables | Nifty Consumer Durables (+2.90%): The index extended its gains for the second consecutive session, with all constituent stocks trading in the green. The rally was led by Titan Company, Dixon Technologies, and Kalyan Jewellers. Positive sentiment was supported by expectations of strong consumer demand, improving discretionary spending, and continued buying interest in retail, electronics, and jewellery stocks.
Pharma | Nifty Pharma (-0.66%): The index traded lower, with only 3 gainers and 17 losers. Selling pressure across major pharmaceutical stocks weighed on the sector amid profit-booking and cautious investor sentiment following recent gains.
Healthcare | Nifty Healthcare (-0.41%): The index traded in a narrow range but ended under pressure, dragged down by losses in Aurobindo Pharma, Torrent Pharma, and Fortis Healthcare. Weak sentiment in pharmaceutical stocks, coupled with profit-booking and stock-specific selling, weighed on the broader healthcare sector.

Technical Level: Nifty opened with a sharp gap-up and traded within a narrow range throughout the day. The index faced resistance near 24,010, limiting further upside. Mild profit-booking in the final hour pushed the index slightly lower, but it managed to hold above the key support level of 23,820.
Advance-Decline Ratio: Market breadth remained positive, with 2,510 stocks advancing and 830 declining, reflecting broad-based buying and healthy market participation.
The Big Picture: SpaceX shares gained nearly 6% in premarket trading after its record-breaking Nasdaq debut lifted the company’s valuation above $2 trillion. Investor optimism was fueled by Elon Musk’s projection of potential $1 trillion annual revenue by 2030. However, concerns over the company’s steep valuation, rising capital expenditure, and continued losses have sparked debate among analysts regarding the sustainability of its growth expectations.
FII/DII Activity (June 12, 2026): Institutional activity remained positive as DIIs purchased ₹5,341 crore worth of equities, comfortably offsetting FII selling of ₹1,082 crore.

IPO Corner: Horizon Reclaim SME IPO closes tomorrow and has been subscribed over 70 times, indicating strong investor demand.
Macro: Investors will closely monitor the China Retail Sales YoY (May) & Japan BoJ Interest Rate Decision data scheduled for release tomorrow.
Index Watch: Nifty opened on a positive note and maintained its upward momentum throughout the session, supported by strong buying across sectors. Realty stocks led the rally, while continued DII buying comfortably absorbed modest FII selling pressure. The index held above its key support zone, reflecting positive market sentiment. Immediate support is placed near 23,800, while resistance is seen around 24,000.

Market Breadth : Market breadth measures overall market participation by comparing advancing and declining stocks. Positive breadth indicates broad-based buying across sectors, while weak breadth suggests gains are concentrated in only a few stocks.

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