Date: 24 June 2026 | Indian Stock Market Outlook
Nifty 50 closed at 23,824 on June 23 — down 278 points (-1.16%) in an expiry-day selloff, breaking below the key 24,000 level. Sensex fell to 76,200. India VIX spiked to 14.23, signalling elevated uncertainty. Despite the bearish tone, select stocks remain strong buys on dips today. Here are the Top Shares to Buy in India on 24 June 2026, backed by latest analyst data and news catalysts.
📈 Top 6 Stocks to Buy Today – 24 June 2026
1. 🏦 HDFC Bank (NSE: HDFCBANK)
Entry Zone: ₹772 – ₹778 | Target: ₹790 | Stop Loss: ₹763
HDFC Bank is set for a pre-expiry bounce after yesterday’s broad selloff. As India’s largest private sector bank and a perennial blue-chip, it remains one of the safest stocks to buy today. With Bank Nifty expiry on Wednesday, any positive opening can push HDFC Bank sharply higher. Strong fundamentals, consistent earnings, and FII favourite — ideal for short-term and long-term both.
2. 💊 Sun Pharma (NSE: SUNPHARMA)
Entry Zone: ₹1,862 – ₹1,872 | Target: ₹1,900 | Stop Loss: ₹1,845
Sun Pharma is a defensive pick in today’s range-bound to bearish market. When broader indices fall, pharma stocks attract safe-haven buying. Sun Pharma’s strong US business, domestic market leadership, and robust pipeline make it a go-to stock on volatile days. Analysts recommend accumulation at current levels with a near-term target of ₹1,900.
3. ⚡ Reliance Industries (NSE: RELIANCE)
Entry Zone: ₹1,305 – ₹1,312 | Target: ₹1,330 | Stop Loss: ₹1,290
Reliance is showing an oversold bounce setup after recent weakness. With crude oil prices declining on US-Iran peace talk hopes, Reliance’s core O2C (Oil-to-Chemicals) business gets a direct boost. Add to that the strong Jio digital and Reliance Retail verticals, and this heavyweight is a compelling buy at current dips. Any positive global cue will trigger sharp recovery.
4. 💻 Infosys (NSE: INFY)
Trigger: AI Partnership Expansion | Sector: IT
Infosys is in focus today after deepening its AI partnership with GlobalFoundries — the semiconductor giant. Infosys will now manage GlobalFoundries’ entire IT operations using AI-driven managed services, including applications, infrastructure, data platforms, and service desk. This major deal win reinforces Infosys as a leader in AI and digital transformation. Strong catalyst for bullish movement today despite broader IT weakness.
5. 🏗️ NLC India (NSE: NLCINDIA)
Trigger: MoU with Indian Oil for Renewable Energy JV | Sector: Power / Renewables
NLC India signed a major MoU with Indian Oil Corporation (IOCL) to set up a Joint Venture for renewable energy projects in Tamil Nadu. This is a significant positive development for the stock, aligning NLC with India’s aggressive renewable energy targets. With the government’s strong push for green energy, NLC India is well-positioned for a re-rating. Defence and PSU energy stocks have been outperforming — this is a strong momentum play.
6. 🏍️ Bajaj Auto (NSE: BAJAJ-AUTO)
Trigger: Ransomware Attack Contained — No Operational Impact | Sector: Auto
Bajaj Auto faced a ransomware attack but cybersecurity systems immediately contained it — manufacturing and supply chain operations were unaffected. The stock may see short-term pressure due to the news, but the fact that operations were not impacted makes this a buy-on-dip opportunity. Additionally, Bajaj Finance’s NDA NCDs worth ₹500 crore were approved by RBI. Strong brand, global EV push, and consistent financials make Bajaj Auto a solid pick.
📊 Today’s Market Context
| Parameter | Value |
|---|---|
| Nifty 50 (June 23 Close) | 23,824 (-1.16%) |
| Sensex (June 23 Close) | 76,200 (-1.16%) |
| India VIX | 14.23 (↑ Elevated) |
| GIFT Nifty Signal | ~23,810 (Flat Open) |
| Crude Oil | Declining (US-Iran Talks) |
| Bank Nifty Expiry | Today — High Volatility Expected |
| Key Resistance | 23,950 |
| Key Support | 23,750 |
🎯 Quick Summary Table
| Stock | Entry (₹) | Target (₹) | Stop Loss (₹) | Reason |
|---|---|---|---|---|
| HDFC Bank | 772–778 | 790 | 763 | Pre-expiry bounce, banking blue-chip |
| Sun Pharma | 1,862–1,872 | 1,900 | 1,845 | Defensive safe-haven buy |
| Reliance | 1,305–1,312 | 1,330 | 1,290 | Oversold + crude oil dip tailwind |
| Infosys | Market price | — | — | AI deal win with GlobalFoundries |
| NLC India | Market price | — | — | Renewable JV MoU with IOCL |
| Bajaj Auto | Market price | — | — | Buy on dip post ransomware scare |
⚠️ Key Risks to Watch Today
- Bank Nifty Expiry (2–3:15 PM) — high intraday volatility window
- US-Iran Peace Talks Day 3 — a breakdown could spike crude and hurt sentiment
- GIFT Nifty below 23,800 at open = gap-down risk; wait for stability
- Global tech sell-off — Nasdaq fell 3.3%, may drag IT stocks at open
- FII flows — watch provisional data; sustained FII selling caps upside
⚠️ Disclaimer: This article is for informational and educational purposes only. It does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions. Investments in stock markets are subject to market risks.
