Finance

Meesho share price jumped 7.3% on June 23, 2026 after Citi initiated Buy coverage at ₹210. The note cited 264 million users and a marketplace model.

Info Edge’s startup portfolio has grown from Rs 4,900 crore to Rs 41,300 crore, an 8.4x multiple on 135 bets, per Bikhchandani’s 22 June 2026 letter.

RBI’s June 23 FCNR-B clarification lets banks lend against NRI deposits and run shorter-tenor swaps, the latest lever for rupee defense with the India-US spread at 2.4 ppt.

Indian markets are set for a flat open on June 24 after Sensex fell 893 points and Nifty dropped 1.16% on Tuesday. IRFC OFS, Infosys AGM and FII flows in focus.

Twin Star sold Rs 1,895.97 crore of Vedanta shares at Rs 291.36 apiece on June 23. Proceeds go to parent Vedanta Resources to cut its $5.2 billion debt pile.

Gold fell to $4,090.72 on Wednesday as the DXY hit a 13-month high and markets priced a 70% Fed hike chance by September, testing the $4,000 floor.

Morgan Stanley has initiated Adani Enterprises at Overweight with a Rs 3,638 target, implying 23% upside. The brokerage expects EBITDA to nearly triple by FY30.

Sensex fell 893.39 points to 76,200.68 and Nifty 50 dropped 278.80 points to 23,824.10 on June 23, 2026, as IT and metal stocks led a broad selloff.

Gold (XAU/USD) holds modest gains near $4,200 on June 22 as oil’s slide eases inflation fears, but a near-90% priced-in Fed rate hike by year end caps any rebound.

Motilal Oswal kept its Buy call on Delhivery with a Rs 580 target, citing 73% YoY Express volume growth and a structural PTL margin turnaround.