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New India Assurance Shares Surge 32% After NSE IPO Shows Stake Value

Mumbai, June 22, 2026, 00:40 IST New India Assurance Co Ltd is in focus in Monday’s pre-open, after the stock rallied for two straight sessions on buzz about a National Stock Exchange listing. On Friday, volume spiked with almost 119.6 million shares traded. Shares hit ₹206.60 at the peak before closing at ₹202.31. (Dhan) NSE’s listing filing sets a more tangible value on an investment public market investors have often struggled to price. New India Assurance could offload up to 10.5 million NSE shares, which it bought at an average of ₹0.32 apiece.

HDFC Bank stock gains 1% for week; dividend effect deepens Friday slide

Mumbai, June 21, 2026, 23:40 IST Indian markets were closed on Sunday. HDFC Bank finished Friday at ₹779.80 on the National Stock Exchange, down 2.4% from Thursday, after the shares turned ex-dividend for a proposed ₹13 final payout. Ex-dividend means buyers from that date no longer qualify for the payment. Adjusted for the dividend, the decline was closer to 0.8%. (Investing.com) That distinction matters. The headline fall suggested a sharp response to the latest boardroom developments, but the adjusted move points to a more limited negative reaction.

TCS shares hit 52-week low as Accenture warning drags, stock logs four-day week

Mumbai, June 21, 2026, 22:35 IST Tata Consultancy Services came into the start of the holiday week facing sellers again. Accenture cut its outlook, dragging India’s IT index to a three-year low. TCS slipped 3.55% on Friday to close at 2,125 rupees on the NSE. The stock briefly hit a new 52-week low as volumes spiked. (Reuters) TCS shares lost 1.7% for the week, underperforming as the Nifty 50 put on 1.7%. The Nifty IT index dropped 3.7% Friday. The wide spread suggests investors are once again seeing big software exporters as a different kind of risk instead of moving

Bharti Airtel up 4.8% as Jio IPO filing pushes telecom sector focus

Mumbai, June 21, 2026, 21:36 IST Bharti Airtel heads into the new week on strong footing after bucking Friday’s broad selloff. The stock ended up 1.8% on BSE, while the Sensex lost 0.78%. That gap set the stock apart in the last session. (MarketWatch) Timing is key here. Reliance Jio is moving toward a public listing, setting up a direct comparison for investors between India’s two telecom leaders. Jio claims more users at home. Airtel gets higher ARPU and its earnings are spread out across more regions.

Reliance Industries Gains for the Week; Jio IPO Filing Leads to Some Profit-Taking

Mumbai, June 21, 2026, 20:39 IST Reliance Industries heads into a shortened week as investors focus on the long-expected Jio Platforms IPO following Friday’s profit-taking. Despite that, Reliance added ₹22,464 crore in market value for the week, now at about ₹17.72 trillion, and kept its spot as India’s biggest listed firm. (The Times of India) The filing is key because the market now has a clearer way to value Reliance’s telecom and digital arms separately.

Infosys Drops 5.8% for the Week as Accenture Forecast Weighs on Indian IT Stocks

Bengaluru, June 21, 2026, 19:38 IST Infosys came into Monday trading close to its lowest in almost six years after taking a hit from Friday’s tech rout. The stock dropped up to 9% to 1,030 rupees on the BSE before recouping some of the slide, wiping out nearly 400 billion rupees in market value at the low. (The Economic Times) Accenture’s results set off the move. The consulting giant trimmed its 2026 revenue growth target in local currency to 3%-4%, down from the earlier 3%-5% range. Bookings for the quarter dropped 2% to $19.3 billion. Discretionary tech spending is still

Pizza Hut $2.7 Billion Sale Separates U.S. Rebound From China Expansion

LOUISVILLE, June 21, 2026, 09:04 (EDT) Yum Brands is splitting from Pizza Hut, offloading the struggling pizza chain’s U.S. and global operations to LongRange Capital. Yum China will now run the mainland business, which is opening more stores and raising profit. The total value on both deals is $2.7 billion. (Financial Times) Price gap points to the split in the two businesses. LongRange is set to pay $1.5 billion for over 15,500 restaurants in 108 countries. Yum China is picking up 4,375 stores for $1.2 billion.

Nifty Faces 24,000 Hurdle on Oil, Hormuz Signals This Week

Mumbai, June 21, 2026, 04:33 IST Indian stocks start a holiday-shortened week as their oil-led bounce gets put to the test. On Saturday, Iran’s Revolutionary Guards said the Strait of Hormuz was closed again. U.S. officials countered that 55 merchant ships had cleared the strait and talks were going on in Switzerland, according to Reuters. India faces more risk now as cheap crude has helped stocks, the rupee, and inflation prospects. Brent ended Friday at about $80.38 per barrel, down around 8% this week. A threat to Gulf shipping could push prices back up when energy markets reopen.

MTAR Technologies up 17% for the week, scales new 52-week high

Mumbai, June 21, 2026, 03:35 IST MTAR Technologies was near a new 52-week high at the end of the week, with Indian markets shut Sunday. The stock went from ₹7,159.50 on June 12 to ₹8,374.50 by Friday, up close to 17%. Shares touched ₹8,714 in the final session. (Investing.com) The gains weren’t just a sector rally. The Nifty 50 added 1.7% for the week. Data Patterns climbed 6.08%, but Azad Engineering dropped 2.55%. That difference suggests investors are betting on company-specific news, not just a broader rerating. (Reuters) MTAR moved around on Friday before closing with a small gain.

New India Assurance jumps 32% in a week after NSE IPO stake-sale plan

Mumbai, June 21, 2026, 02:35 (IST) New India Assurance Co. surged 32.4% for the week after the National Stock Exchange’s draft IPO filing signaled a new way for investors to cash in on the state-owned insurer’s stake. The stock ended Friday at ₹202.31, up 13.23%. Shares hit ₹206.60 in the session. (Investing.com) The catalyst is specific this time. A draft filing shows New India Assurance owns 35.2 million NSE shares and could offload up to 10.5 million, which would leave it with 24.7 million if it sells the full lot. All 148.9 million shares in the IPO are being sold

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