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Equity indices continue weak trade in morning deals
Jun-19-2026

Domestic equity indices continued their weak trade in morning deals dragged by heavy selling in IT firms following revenue growth guidance cut by Accenture. Sentiments remained dull as the Reserve Bank of India (RBI) data showed that surplus liquidity in the banking system narrowed sharply to its lowest level in nearly three months, weighed down by advance tax outflows, despite liquidity support measures undertaken by RBI. Selling by Foreign investors also kept sentiment cautious. Foreign institutional investors offloaded equities worth Rs 1,025.20 crore on a net basis on Thursday, according to exchange data. Traders overlooked Associated Chambers of Commerce and Industry of Indias (Assocham) statement that India has the potential to increase exports to $200 billion to BRICS countries by 2030 from $96 billion in the last fiscal year. On the global front, Asian markets are trading lower as investors assessed the durability of a U.S.-brokered peace agreement with Iran. 

The BSE Sensex is currently trading at 76676.10, down by 733.88 points or 0.95% after trading in a range of 76578.08 and 76858.80. There were 9 stocks advancing against 21 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 1.56%, Power up by 0.52%, Utilities up by 0.41%, Healthcare up by 0.35% and Capital Goods up by 0.29%, while IT down by 5.16%, TECK down by 3.09%, Realty down by 0.80%, Auto down by 0.68% and Bankex down by 0.56% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.34%, NTPC up by 1.13%, Bajaj Finance up by 0.40%, Power Grid Corporation up by 0.35% and Sun Pharma up by 0.24%. On the flip side, Infosys down by 7.65%, TCS down by 5.78%, Tech Mahindra down by 4.61%, HCL Technologies down by 4.46% and HDFC Bank down by 2.17% were the top losers.

Meanwhile, with an aim to ease liquidity pressures and keep overnight money market rates in check, the Reserve Bank of India (RBI) has said it will conduct a three-day variable rate repo (VRR) auction of Rs 1 lakh crore on June 19. It stated that the auction will take place on June 19 between 9:30 and 10:00 am, and the reversal of these funds will take place on June 22.

It mentioned ‘On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, June 19.’ Currently, banking system liquidity is estimated to be in a surplus of around Rs 4,772.21 crore on June 17, which has narrowed from Rs 23,881.21 crore on June 16, following the advance tax payments.

The liquidity surplus recorded on June 17 was the lowest since March 22, 2026, when the banking system was in a liquidity deficit of Rs 65,395.64 crore. Over the past few days, the RBI has infused transient liquidity of about Rs 1.89 lakh crore through variable rate repo (VRR) auctions of different tenures over the past few days.

The CNX Nifty is currently trading at 23981.95, down by 186.05 points or 0.77% after trading in a range of 23938.75 and 24011.50. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 1.21%, NTPC up by 1.12%, Adani Enterprises up by 0.74%, Apollo Hospital up by 0.55% and Bajaj Finance up by 0.54%. On the flip side, Infosys down by 7.49%, TCS down by 5.75%, Tech Mahindra down by 4.63%, HCL Technologies down by 4.30% and Wipro down by 3.42% were the top losers.

Asian markets are trading lower; Nikkei 225 slipped 131.49 points or 0.19% to 70,922.00, Jakarta Composite plunged 45.02 points or 0.73% to 6,127.32, KOSPI dropped 127.96 points or 1.41% to 8,935.88 and Straits Times fell 31.44 points or 0.6% to 5,181.40.
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