The Indian stock market extended its winning streak for the fourth consecutive session on Wednesday, with the Sensex advancing 347.14 points, or 0.45%, to close at 77,155.62, while the Nifty 50 climbed 96.55 points, or 0.40%, to end at 24,085.70. According to reports from Economic Times, markets were driven by favorable global cues and sustained sector-wide buying. The Nifty has reclaimed the psychological 24,000 mark, approaching the 100-day EMA near 24,150, with analysts noting that a sustained move above this zone could pave the way for an extension towards the 24,500 mark in the near term. On the downside, the 23,800-23,900 region is expected to provide immediate support in case of profit-taking, followed by the 23,650 level as the next key support.
HFCL shares have surged nearly 200% in six months, driven by India's expanding data centre industry and the AI boom. The company has undergone a dramatic transformation from a predominantly domestic optical fibre cable manufacturer to a globally diversified technology player. Export revenue has increased from around 11% of sales in FY24 to nearly 41% in FY26, with management targeting exports to account for more than 50% of revenue by FY27, supported by a confirmed export order book of over ₹12,000 crore. Product revenue has grown from 27% of the mix in FY21 to 59% in FY26, reflecting this fundamental business change. The company's FY26 consolidated revenue nearly doubled year-on-year to a record ₹4,949 crore, while EBITDA stood at around ₹827 crore and profit after tax came in at approximately ₹329 crore.
Several stocks are expected to remain in focus due to significant developments. IFCI shares are likely to remain in focus after the NSE submitted its draft IPO documents to market regulator Sebi earlier this week. Tata Motors is also in focus following recent developments. RVNL has secured a Letter of Acceptance from East Coast Railway for bridge construction under the EPC model as part of railway line expansion between Nergundi–Barang and Khurda Road–Vizianagaram routes. General Insurance Corp is also among the stocks expected to be in focus today.
DOMS Industries witnessed substantial block deal activity with SBI Mutual Fund acquiring 9.3 lakh shares valued at ₹205 crore, while Axis Mutual Fund purchased 3.6 lakh shares worth ₹79.6 crore. Corona Remedies saw Sepia Investments offload shares worth approximately ₹749 crore through a block deal. Apollo Hospitals received a compounding order from the RBI, settling proceedings with a ₹17.8 crore compounding fee. Bosch Home Comfort promoter plans to divest up to 7.97% stake through an OFS scheduled for June 18–19.
RailTel Corporation secured a Letter of Intent from the Director IT for disaster recovery IT infrastructure development. Lupin announced the launch of Azilsartan Medoxomil Tablets in 40 mg and 80 mg strengths in the United States after receiving US FDA approval for its Abbreviated New Drug Application. As reported by Economic Times, market sentiment has strengthened after the White House confirmed that President Trump has formally signed the Peace Deal Memorandum, facilitating potential reopening of the Strait of Hormuz and easing geopolitical risks.
