Stocks

SpaceX shares touched a peak of $277 on June 16 but have since undergone a dramatic reversal.

Updated : Jun 23, 2026

Elon Musk's wealth falls $240 bn as SpaceX slump deepens, but he remains a trillionaire

Elon Musk's net worth has plunged by nearly $240 billion from its peak after a sharp correction in SpaceX shares erased more than $1 trillion in market value. Despite the selloff, the billionaire entrepreneur remains the world's first and only trillionaire, with a fortune of around $1.1 trillion.

Such was the fall in the domestic indices that around Rs 5.4 lakh crore of BSE market capitalisation (m-cap) was wiped out.

Updated : Jun 23, 2026

Sensex, Nifty tumble; weak Asian markets weigh on US futures: What's ahead?

The 30-share BSE Sensex pack slumped 893.39 points or 1.16 per cent to close at 76,200.68, while the NSE Nifty50 index declined 278.80 points or 1.16 per cent to settle at 23,824.10.

Commenting on South Indian Bank Ltd, the expert noted that the stock has witnessed a strong run in the recent past.

Updated : Jun 23, 2026

Vedanta Iron & Steel, Ola Electric, Groww, South Indian Bank shares: Expert outlines stock-specific approach

For Ola Electric Mobility Ltd, the market expert said, "The stock has witnessed a decent uptick in the recent past and could continue to see traction from a medium- to short-term perspective. Going forward, the key monitorables will be the company's ability to improve its revenue parameters and the pace of EV adoption in the country."

BSE bankex plunged 928 pts or 1.42% to 64,432.Nifty Bank crashed 752 pts or 1.3% to 57,184.

Updated : Jun 23, 2026

IT, metal, banking shares tumble; analysts decode key factors

IT, metal, banking shares tumble: BSE IT index crashed 606 pts or 2.24% to 26,408 and Nifty IT index plunged 2.28% or 616 pts to 27,012.

Over a long-term, 10-20 year period, India has always ended up delivering 11-12 per cent returns, Kamath noted.

Updated : Jun 23, 2026

'People are getting restless': Zerodha co-founder Nikhil Kamath says he is fully invested in Indian stock market

Kamath said energy transition has been a theme he likes including electric vehicle makers and battery companies. Kamath said he has a contrarian bet on IT sector.

With the Noida facility scale-up, MOFSL expects Medanta to not only deliver healthy growth in earnings over the next 2-3 years but also comfortably fund the ongoing capex through internal accruals.

Updated : Jun 23, 2026

Medanta, Max, Fortis Healthcare shares a play on high Noida, Greater Noida demand

MOFSL said there is a clear underpenetration in organ transplant, robotic surgery and critical care in Noida, Greater Noida and neighboring Western UP and the market is far from oversupplied, even as multiple corporates expand.

Despite Tuesday's sharp correction, KOSPI remains up 90.36 per cent on a year-to-date (YTD) basis.

Updated : Jun 23, 2026

Black Tuesday for KOSPI: What led to the nearly 10% plunge in South Korea's stock market?

The KOSPI closed down 910.71 points or 9.99 per cent at 8,203.84, marking its steepest single-day decline since March 4. The sharp fall also triggered an automatic 20-minute trading halt across the bourse during afternoon trade.

A market expert said the company's ongoing development could provide it with a competitive advantage going forward.

Updated : Jun 23, 2026

Ola Electric shares climb nearly 6% from day's low; here's why

An Ola Electric spokesperson said, "As we continue to expand our in-house cell portfolio, we are creating the technological foundation required to accelerate EV adoption, support future energy storage solutions, and strengthen India's energy independence."

Meesho's marketplace-only business model differentiates it from many rivals, said Citi.

Updated : Jun 23, 2026

Meesho shares jump 7% as Citi initiates coverage with 'buy' call

Meesho share price rally: Meesho shares climbed 7% to Rs 184.75 against the previous close of Rs 172.35 on BSE. Market cap of the firm stood at Rs 83,965 crore.

Nifty trades at 19-19.5 times forward earnings, a valuation not seen since Covid. The economy grew 7.7 per cent in the fiscal year ending in March, with the final quarter printing at 7.8 per cent.

Updated : Jun 23, 2026

Stock market selloff ahead? Marc Faber sees 20% downside; here's why

Faber's concerns over Indian stock valuations came as Barclays last week called India an 'unusual' case of being the most unloved market in investor portfolios.

Suzlon Energy stock has gained 53% from its 52-week low of Rs 38.17 reached on March 9, 2026.

Updated : Jun 23, 2026

Suzlon Energy share price targets as stock breaks out of falling channel pattern

Suzlon Energy share price targets: Suzlon Energy stock is in a medium-term bullish trend trading above its 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day simple moving averages.

Updated : Jun 23, 2026

Stock market today: Why Sensex plunged 893 points; Nifty dropped to 23,824

Among the key contributors to the Sensex's decline were HDFC Bank Ltd, Reliance Industries Ltd (RIL), Infosys Ltd, ICICI Bank, State Bank of India (SBI), Tata Consultancy Services (TCS), Bharti Airtel Ltd, Tata Steel Ltd and Larsen & Toubro Ltd (L&T).

Even after the sharp correction, SpaceX remains among the world's most valuable corporations, commanding a market capitalisation of slightly above $2 trillion.

Updated : Jun 23, 2026

SpaceX stock: $600 billion gone in three days, nearly 3 times Ambani and Adani's combined wealth

SpaceX shares plunged 16% on Monday to finish at $154.60, their weakest close since the company's market debut.

AI-generated image for representational purpose only.

Updated : Jun 23, 2026

US-Iran truce, lower crude to drive market; Medanta, GMR Airport, Mankind- midcaps to buy

Experts say easing oil prices may benefit financials, autos and realty, while Emkay sees sustained midcap outperformance through 2027.

The tender period for the buyback offer will commence from Wednesday, July 1, 2026. This is no later than four working days from the record date.

Updated : Jun 23, 2026

Bajaj Auto share buyback: Record date June 24; what should investors do?

Bajaj Auto buyback: Promoters and promoter group and persons in control of the company have expressed their intention to not participate in the buyback.

Elara has assigned a target price of Rs 495 per share.

Updated : Jun 23, 2026

Brokerage sees 32% upside potential in Mahindra Group stock; details here

Elara noted that while business from M&M continues to expand, the e-commerce segment is emerging as a key growth driver.

During the last financial year, Adani Enterprises raised Rs 24,930 crore through a rights issue.

Updated : Jun 23, 2026

Adani Enterprises shares scale new 52-week high; is it time to book profits?

Adani Group and US-based Jabil Inc recently announced the intent to form a strategic alliance to establish a world-class, vertically integrated AI and data centre infrastructure manufacturing platform in India.

Nomura noted that global steel prices remained largely range-bound last week, while India witnessed a mild correction in flat steel prices alongside another steep decline in long products.

Updated : Jun 23, 2026

Vedanta, Nalco, Hindalco, Hind Zinc, Tata Steel shares down up to 9% today; here's why

Nalco Ltd declined 4.40 per cent to Rs 361.50 at 10.40 am. Hindalco fell 2.72 per cent to Rs 986.85. Hindustan Zinc shed 2.81 per cent to Rs 555.35.

Pace Digitek shares gained 12.21% to Rs 206.20 in early deals on Tuesday amid the company's major expansion plan.

Updated : Jun 23, 2026

Kirloskar Oil Engines, EMS, Pace Digitek shares rise up to 14% today

Kirloskar Oil Engines shares gained 14% to a fresh 52-week high of Rs 2720.35 against the previous close of Rs 2390.80. Market cap of the firm rose to Rs 36,869 crore.

Such was the rise that the Nifty Pharma sub-index climbed nearly 2 per cent.

Updated : Jun 23, 2026

Piramal Pharma, Cohance Lifesciences, Sun Pharma, Cipla, Dr Reddy's, other pharma shares jump; what's driving the rally?

According to Ponmudi R, CEO of Enrich Money, the upmove indicates a broader rotation into defensive sectors, including pharma.

Promoter entity Twin Star Holdings likely sold up to 6.5 crore shares via block trades, at a floor price of Rs 291 per share.

Updated : Jun 23, 2026

Vedanta shares fall over 6% in early deals, here's why

Vedanta share price: Vedanta stock slipped 6.93% to Rs 284.70 in early morning deals against its previous close of Rs 305.90.

Stocks

Elon Musk's wealth falls $240 bn as SpaceX slump deepens, but he remains a trillionaire

Sensex, Nifty tumble; weak Asian markets weigh on US futures: What's ahead?

Vedanta Iron & Steel, Ola Electric, Groww, South Indian Bank shares: Expert outlines stock-specific approach

IT, metal, banking shares tumble; analysts decode key factors

'People are getting restless': Zerodha co-founder Nikhil Kamath says he is fully invested in Indian stock market

Medanta, Max, Fortis Healthcare shares a play on high Noida, Greater Noida demand

Black Tuesday for KOSPI: What led to the nearly 10% plunge in South Korea's stock market?

Ola Electric shares climb nearly 6% from day's low; here's why

Meesho shares jump 7% as Citi initiates coverage with 'buy' call

Stock market selloff ahead? Marc Faber sees 20% downside; here's why

Suzlon Energy share price targets as stock breaks out of falling channel pattern

Stock market today: Why Sensex plunged 893 points; Nifty dropped to 23,824

SpaceX stock: $600 billion gone in three days, nearly 3 times Ambani and Adani's combined wealth

US-Iran truce, lower crude to drive market; Medanta, GMR Airport, Mankind- midcaps to buy

Bajaj Auto share buyback: Record date June 24; what should investors do?

Brokerage sees 32% upside potential in Mahindra Group stock; details here

Adani Enterprises shares scale new 52-week high; is it time to book profits?

Vedanta, Nalco, Hindalco, Hind Zinc, Tata Steel shares down up to 9% today; here's why

Kirloskar Oil Engines, EMS, Pace Digitek shares rise up to 14% today

Piramal Pharma, Cohance Lifesciences, Sun Pharma, Cipla, Dr Reddy's, other pharma shares jump; what's driving the rally?

Vedanta shares fall over 6% in early deals, here's why

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