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The Hindu BusinessLine

Sensex today | Stock Market Live Updates: Sensex reclaims 77,100 level, Nifty crosses 24,100 as US-Iran make 'progress' in talks

Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22nd June 2026. Sensex soared 312.03 pts or 0.41% to 77,114.93 at 9.17 am after a positive opening at 77,160.67 from the previous close of 76,802.90. Nifty 50 climbed 104.95 pts or 0.44% to 24,118.05. On Friday, the benchmarks snapped the 5-day winning streak; Sensex settled 607.08 pts or 0.78% lower at 76,802.90; and Nifty 50 dragged 154.90 pts or 0.64% to 24,013.10. Sensex soared 312.03 pts or 0.41% to 77,114.93 at 9.17 am after a positive opening at 77,160.67 from the previous close of 76,802.90. Nifty 50 climbed 104.95 pts or 0.44% to 24,118.05. On Friday, the benchmarks snapped the 5-day winning streak; Sensex settled 607.08 pts or 0.78% lower at 76,802.90; and Nifty 50 dragged 154.90 pts or 0.64% to 24,013.10. Top gainers of NIfty 50: Cipla (+2.27%), Infosys (+1.35%), Reliance (+1.34%), Tech Mahindra (+1.06%) Top losers: Adani Enterprises (-0.61%), Titan (-0.61%), IndiGo (-0.60%), Grasim (-0.41%), Adani Ports (-0.26%) 3i Infotech Software Solutions L.L.C., a subsidiary of 3i Infotech Limited, has received a Purchase Order from a leading UAE-based technology company, for providing professional services contract including the rebadging of IT resources Aurobindo Pharma USA, Inc, received approval from the U.S. Federal Trade Commission (FTC) to proceed with the acquisition of Lannett Company LLC (“Lannett”). The transaction, valued at $250 million on a cash-free, debt-free basis and inclusive of normalized working capital, is expected to close before the end of June 2026. Fall in oil prices and ​positive developments in U.S.-Iran ‌negotiations could lend further support, traders said. Government bonds are likely to begin the new week on a cautious note as focus turned back to oil prices after ‌tension marked the first round of peace talks, with Iran shutting a crucial transit point ⁠and the U.S. threatening to restart attacks. Rupee’s direction this week will hinge on whether lower oil prices hold and on the dollar’s trajectory, while government bonds are likely ​to take cues from the pace of foreign inflows.

Sensex today | Stock Market Live Updates: Sensex reclaims 77,100 level, Nifty crosses 24,100 as US-Iran make 'progress' in talks
Asia
The Hindu BusinessLine

Real estate sector bets on improved execution, lower costs as Iran-US stick to peace MoU

Real estate consultants expect improved execution and reduction in construction costs in the second half of CY 2026 following a peace understanding between Iran and the US. The conflict between the two countries had pushed up the prices of aluminium, steel and other commodities. While there are green shoots like easing of freight rates, cost pressure will ease gradually. “Any meaningful relief on construction inputs - steel, PVC pipes, cables and petro-chemical linked materials - will take 4-8 weeks to percolate through supply chains. Developers should not expect an overnight reset. The benefits will be incremental, but the direction of travel will be positive for project execution timelines in H2 2026,” said Anuj Puri, chairman of Anarock Group. Around 5.4 lakh homes are due for delivery this year and 70 per cent of those are in Mumbai, Pune and Bengaluru. Continuation of conflict would have tested delivery timelines for builders with disrupted supply chains and increased costs. “The US-Iran peace MoU and the subsequent reopening of the Strait of Hormuz are a major geopolitical pivot for India’s real estate industry,” Puri said. “Reduced geopolitical uncertainty can support global trade flows, ease supply chain disruptions, and moderate logistics costs. For India, greater stability in West Asia can strengthen business confidence, improve the investment climate, and reinforce the country’s appeal as a preferred destination for capital, manufacturing, and real estate investment,” said Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Real estate sector bets on improved execution, lower costs as Iran-US stick to peace MoU
Europe
BBC Business

Apple to raise prices as AI boom pushes up chip costs

Apple plans to raise the prices of its products as the cost of the memory chips it uses has surged, the technology giant's boss has said. Tim Cook, Apple's outgoing chief executive, told The Wall Street Journal (WSJ) that price increases are "unavoidable" as the situation around memory chips has become "unsustainable". He did not say when prices will rise or which products will be affected. It is also unclear whether the price hikes will affect the iPhone 18, which is expected to be launched in September. Memory chips are essential components in smart devices like mobile phones, but the boom in artificial intelligence (AI) has driven up their prices in recent months. "We're doing our best to mitigate the huge increases that are being passed to us, and we've been trying to shield our customers from the increases, but the situation has become unsustainable," Cook told the WSJ. "There's less supply at a time when consumers want devices and the memory guys are passing along huge price increases," said Cook, who is due to be replaced by John Ternus as Apple's CEO in September after 15 years in the role. "We definitely need memory pricing and supply to return to reasonable levels for consumer products. That's the bottom line." Cook's comments come after other technology giants have highlighted pressure in the chipmaking industry. In an exclusive interview with the BBC this month, Taiwan Semiconductor Manufacturing Company (TSMC) would not rule out price increases as inflation pushed up its costs. TSMC makes the most advanced chips designed by companies such as Apple, Nvidia and AMD. Earlier this year, Samsung said that it expects memory chip supply shortages to raise the prices of electronic devices. The price of Ram - typically one of the cheapest computer components - has more than doubled since October 2025.

Apple to raise prices as AI boom pushes up chip costs
Europe
BBC Business

Heathrow's 'critical' expansion blueprint released

The government has published its blueprint for a third runway at Heathrow, describing expansion of the airport as "critical to national growth". Transport Secretary Heidi Alexander launched a consultation on the renamed Heathrow expansion national policy statement (HENPS), setting out the conditions needed if the project is to be given the go-ahead. Two proposals to expand Heathrow have previously been presented to the government. The airport's owners, Heathrow Airport Limited (HAL), want to build a full-length, 3,500-metre runway, which would require the M25 motorway being moved. HAL's scheme is estimated to cost £33bn, including £1.5bn to move the M25, and is expected to be fully privately financed. It would see Heathrow's capacity increase to 756,000 flights and 150 million passengers a year. Tycoon Surinder Arora, who makes a speciality of providing rooms for aircrew near airports, wants his company to install a 2,800-metre runway which would not involve moving the motorway. In November last year, Alexander announced her preference was for a full-length runway. She said the government considered the development covered by the HENPS was critical to national growth. "This is a signal of the importance the government places on the need for expansion and will be an important additional factor in the planning balance." The draft HENPS requires applicants to demonstrate how the transport network would accommodate increased passenger numbers, including how any necessary road and rail improvements would be delivered. Expansion must be compatible with the UK's legally binding climate targets, not cause new breaches of air quality limits and ensure noise emissions are not worse than 2024 levels, with reductions where possible.

Heathrow's 'critical' expansion blueprint released
Europe
BBC Business

Oil prices slide after Pakistan announces deal between US and Iran

Oil prices fell in Asia on Monday after Pakistan, which has been mediating an end to the US-Iran war, announced a deal that President Donald Trump said would see the reopening of the key Strait of Hormuz shipping route. Brent crude, the global oil benchmark, was 4.8% lower at $83.18 (£61.89) a barrel, while US-traded oil was down 5.6% at $80.13. Pakistan's prime minister Shehbaz Sharif said an official signing ceremony would be held on Friday, 19 June in Switzerland. Iran's Deputy Foreign Minister Kazem Gharibabadi confirmed in a phone call on state TV that a deal with the US had been finalised, while Trump posted on social media "let the oil flow!". But Vandana Hari from energy markets analysis firm Vanda Insights said a lack of detail on what has been agreed "is likely to inject unease and uncertainty into the market." This could mean a week of uncertainty and volatility for the oil market, she added. The Strait of Hormuz had been effectively closed since shortly after the US and Israel launched airstrikes on Iran on 28 February. Tehran had threatened to attack vessels using the crucial waterway, through which around 20% of the world's oil and liquefied natural gas (LNG) normally passes. Global energy markets have been on a wild ride in recent months, with prices often rising or falling sharply in response to developments in the US-Israel war with Iran. Brent crude, which was trading at around $70 a barrel before the conflict started, peaked at about $120 during the war. Energy market experts have also warned that the movement of oil through the strait is unlikely to immediately return to pre-war levels. Andrew Lipow from consulting company Lipow Oil Associates said mines would first need to cleared from the waterway, which could take from a few weeks to up to six months.

Oil prices slide after Pakistan announces deal between US and Iran
North America
CNBC Finance

JetBlue bets big on Fort Lauderdale, from a new airport lounge to an international gateway

JetBlue Airways is already the biggest airline in Fort Lauderdale, Florida, and it wants to get even bigger. "Lauderdale has been a star for us," JetBlue President Marty St. George said this month about Fort Lauderdale-Hollywood International Airport. Capitalizing on growth at the Broward County airport is key for JetBlue as it revamps its network and rolls out more high-end options like a domestic first-class cabin to return to profitability. Its last profitable quarter was two years ago. JetBlue was looking to expand in Fort Lauderdale even before Spirit Airlines, the South Florida-based discounter that was No. 1 at the airport, collapsed on May 2 under the weight of debt and years of snowballing problems. JetBlue is now the top carrier with 36% market share by capacity at the airport, according to a Cirium tally of 2026 capacity, up from about 24% a year earlier. From May to June of this year, JetBlue added 5% more capacity, while big competitors pulled back in the Florida offseason, according to Cirium. The carrier has about 106 flights scheduled a day for this year on average, up from about 68 a day last year, Cirium data shows. Just hours after Spirit's collapse, JetBlue and other airlines laid out their own travel plans, adding flights to fill the void at Fort Lauderdale. JetBlue raised its revenue forecast for the year on June 1, citing strong demand. "I'm feeling very, very bullish about how customers have responded to JetBlue's growth," St. George said. JetBlue says it's planning for even more growth as additional gates become available after Spirit's demise. Some of those gates are still tied up in bankruptcy court. JetBlue's plan is to operate about 150 daily flights at Fort Lauderdale in the peak winter months, which include Presidents Day weekend and some school breaks, a schedule that will put it on par with JetBlue's Boston Logan International Airport hub, its largest after New York. The plan includes more international destinations leaving from Fort Lauderdale and a focus on premium air travel.

JetBlue bets big on Fort Lauderdale, from a new airport lounge to an international gateway
North America
CNBC Economy

ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs

The European Central Bank announced a quarter-point rate hike on Thursday, bringing its key interest rate to 2.25% as the Iran war continues to blow inflation off target. Markets had been pricing in a near-100% chance of the ECB raising rates by at least 25 basis points ahead of its June Governing Council meeting, according to LSEG data. The ECB's Governing Council said the decision had been made in a bid to ward off inflationary pressures generated by the U.S.-Iran war. "The war in the Middle East is generating inflation pressures, and the decision to raise rates is robust across a range of scenarios mapping out how the shock might evolve and affect the medium-term outlook for the euro area," it said in a statement announcing the decision. The central bank also raised its inflation forecasts, saying it now expects headline inflation in the euro zone to average 3% in 2026 before cooling to 2.3% next year and 2% in 2028. It said the outlook had been altered in response to expectations of higher energy prices, which are expected to feed into the cost of food, goods and services. Economic growth forecasts, meanwhile, were revised downward for this year and next year. The ECB now expects growth in the euro zone to average at 0.8% in 2026, 1.2% in 2027 and 1.5% in 2028. Officials said the growth outlook had been trimmed to reflect "a more pronounced impact of the war on commodity markets, real incomes and confidence." Speaking to reporters on Thursday afternoon, ECB President Christine Lagarde reiterated that the war in the Middle East is generating inflation pressures. "The outlook remains uncertain, with upside risks for inflation, and downside risks for economic growth. We are not pre-committing to a particular rate path," she said. "The full implications of the war for medium-term inflation and growth will depend on the intensity and duration of the energy price shock, as well as the scale of its indirect and second-round effects." The Iran war — which recently crossed the 100-day mark — has caused a global energy price shock, as the closure of the Strait of Hormuz waterway and destruction of energy production facilities in the Middle East have created severe supply constraints. A fragile ceasefire remains in place, but tensions have escalated between Washington and Tehran in recent days.

ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
Europe
The Guardian

Paramount rejected ad criticizing its owners and Warner Bros acquisition

David Ellison, CEO of Paramount Skydance. Photograph: Brendan McDermid/ReutersView image in fullscreenDavid Ellison, CEO of Paramount Skydance. Photograph: Brendan McDermid/ReutersUS newsParamount rejected ad criticizing its owners and Warner Bros acquisitionRejected citing ‘conflict of interest’, the ad took aim at Trump allies David Ellison, Paramount Skydance chief, and his billionaire father, Larry Ellison Paramount Skydance refused to air an ad submitted by a press freedom group that heavily criticized the network’s leadership and merger with Warner Bros Discovery, with an advertising associate deeming it a “conflict of interest”. The Freedom of the Press Foundation had hoped to air the 30-second ad during Sunday’s Ultimate Fighting Championship broadcast at the White House, which aired on the streaming service Paramount+ – though a client partner for Paramount+ told the organization’s ad-buyer that such placement was not guaranteed. “Instead of defending press freedom, CBS’ billionaire owners cut deals and caved to Trump,” the unaired ad states, before touching on the recent uproar at the Sunday show 60 Minutes. “One fired reporter said, ‘CBS demanded falsehoods and bias to appease Trump.’ Now Trump wants the Ellisons to buy CNN, too … Let’s stop Trump’s censorship and block this merger.” According to an email exchange between Paramount’s ad salesperson and the Freedom of the Press Foundation’s ad buyer, viewed by the Guardian, the discussion about running an ad was going smoothly until the ad was actually submitted. (The organization was told that ads running during the UFC broadcast would cost approximately $300,000.) Then, on Friday afternoon, two days before the fight, the Paramount salesman sent word that the ad could not run. “Unfortunately, the creative you submitted was a conflict of interest so it was not approved,” the sales representative said. “But we can help you check any other creatives you want to try. Always happy to hop on a call to discuss more.” Seth Stern, chief of advocacy for Freedom of the Press Foundation, criticized Paramount for refusing to air the ad – although television networks regularly reject advocacy messages for a variety of reasons. “Ellison has already shown his cards on editorial independence, but, in case there was any doubt, his company has now declined to air a straightforward message about what his proposed takeover of CNN, HBO, and other outlets would mean for press freedom. Instead, it censored it,” Stern said in a statement. “Ellison won’t air criticism of himself, his company, or his buddy Trump. These antics are bad for press freedom, bad for the public, and bad for Paramount – just look at CBS’ recent struggles under Ellison’s watch.” Stern’s organization instead plans to air the ad on its website dedicated to opposing the merger, which received approval from Donald Trump’s Department of Justice on Friday but still faces regulatory hurdles outside the United States.

Paramount rejected ad criticizing its owners and Warner Bros acquisition
Europe
BBC Business

Why has Texas set its sights on London?

In the dimly lit cellars of London's oldest wine merchant, Texas is not the first thing that springs to mind. But nearly 200 years ago, Berry Bros & Rudd was home to the Embassy of the Republic of Texas. If you look closely, you can see a remaining "Texan Legation" plaque on the wall outside the St James's Street store. After Texas joined the US in 1845, the embassy closed - and the Texan diplomats headed home, apparently leaving behind an unpaid rent bill. Now, two centuries later, the State of Texas has opened a dedicated new office just up the road to "grow international trade and tourism and support activities that are key to the economy". Trade between Texas and the UK is already worth about $17bn a year, and the state wants even closer business ties. "One of the things that was very compelling to me is the opportunity to look at dual listings between the London Stock Exchange and the Texas Stock Exchange," says Senator Tan Parker of Texas North and Republican leader of the Texas State Senate. He adds he hopes it will create jobs and opportunities for small and large businesses - both in Texas aiming to enter the UK market, and British companies that want to enter the Texas market. It comes as the state's capital Austin raises the profile of its own stock exchange as a challenger to New York, known as "Y'all Street". "Austin 25 years ago was becoming a big international city and we are doing a lot to mature our way into that international role," the city's mayor, Kirk Watson, tells BBC London. "I also think places like London get something out of these relationships because we talk about things like Austin energy - our municipally-owned utility - renewables, and climate." He also stressed the importance of cities working together to address the growth of artificial intelligence and data centres, and how to implement them in dense urban settings.

Why has Texas set its sights on London?