📉 Sensex 76,803 Weekly Wrap: IT Stocks Crash on Accenture Warning, But Weekly Gain 1.7% | Nifty Outlook June 21, 2026

Date: June 21, 2026 (Sunday)  |  Sensex Close (Fri): 76,803 (-607 pts)  |  Nifty: ~24,000  |  GIFT Nifty (Jun 20): 24,042 (+0.30%)

Indian markets closed the week on a weak note Friday but ended with a net weekly gain of 1.7% — one of the better weeks of 2026. Here’s the full weekly wrap, what drove markets, and what to watch in the week ahead.

📊 Weekly Market Scorecard

📉 Friday’s Big Story: IT Sector Bloodbath

Friday’s 607-point Sensex fall was almost entirely caused by one trigger: Accenture cut its revenue growth guidance, sending shockwaves through Indian IT stocks. When Accenture sneezes, Infosys and TCS catch a cold.

• Infosys: -6.48% (biggest single-day fall in months)
• Tata Consultancy Services (TCS): -3.5%
• HCL Tech: -2.73%
• Tech Mahindra: -2.5%
• Wipro: -3.07%

Bright spots on Friday: Eternal +2.2%, Bharti Airtel +1.8%, Power Grid +1.3%, NTPC +1%, Nestle India +1.22%

🗓️ This Week’s Big Corporate Actions

• 🏦 LIC Dividend: ₹10/share final dividend for FY26 — Record date June 25
• 🚗 Bajaj Auto Buyback: ₹5,633 crore buyback — Record date June 24
• 🎨 Asian Paints Dividend: ₹23/share for FY26
• 🧴 HUL Dividend: ₹27.50/share total FY26 (interim ₹4.50 + final)
• 🏥 Dr Lal PathLabs, Indian Hotels, Tata Power: Also in focus
• 📱 Wipro Buyback: ₹15,000 crore buyback closed June 17; retail return ~7–8%

🚀 The Biggest Story of the Week: Jio IPO DRHP Filed

The market-moving news of the week was Reliance Jio filing its DRHP with SEBI on June 19. The Jio IPO buzz lifted Sensex and Nifty to above 24,000 mid-week. Nifty touched a session high on Wednesday partly driven by Jio IPO optimism. Analysts say Jio’s listing will be a re-rating catalyst for Reliance Industries’ parent stock, which has fallen ~15% in 2026.

📈 52-Week High Stocks This Week

• GE Vernova T&D India: +4% (near ₹5,075)
• GE Power India: +3% (near ₹1,058)
• Welspun Corp: New 52-week high
• Bajaj Consumer Care: New 52-week high
• IDBI Bank: +18% surge — led weekly gainers
• Paras Defence: +6% | HFCL: +5% | IFCI: +5.7%

🔭 Outlook for Week Ahead (June 23–27, 2026)

• 📊 F&O Expiry: Weekly expiry on Thursday — expect volatility
• 🛢️ US-Iran talks: Israel launched airstrikes on Lebanon June 19, formal US-Iran signing postponed — oil and geopolitical risk live
• 🏦 Fed policy: ~50.5% odds of a rate hike in 2026 — watch Fed signals
• 📌 Nifty key levels: Support 23,504 / Resistance 24,400–24,500
• 📌 Sensex key levels: Support 73,504 / Resistance 77,500+
• 💰 Bajaj Auto & LIC record dates: Watch for ex-dividend price action

🌍 Global Cues to Watch

• US-Iran ceasefire extension — 60-day window, Trump warns of tolls on Hormuz if no deal
• US PCE inflation data — critical for Fed rate path
• Oil prices — Brent holding ~$83, OPEC+ decision risk
• Trump tariff developments and USD strength

Sources: Trading Economics, Trendlyne, Upstox, Dailyhunt, Groww Market News, Business Standard. Published June 21, 2026. Not investment advice.

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