HCLTech, GIC, Ashok Leyland, among buzzing stocks as SENSEX jumps over 300 pts, NIFTY above 23,900 in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the positive territory during the afternoon session on Tuesday, June 16, amid buying in IT and realty stocks and a decline in crude oil prices.

The SENSEX advanced by as much as 0.6% to hit an intraday high of 76,724.62. Meanwhile, the NIFTY50 touched the session’s peak of 23,977.80.

At 12:45 PM, the S&P BSE SENSEX gained by 341.49 points, or 0.45%, to trade at 76,605.82. NSE’s NIFTY50 stood at 23,928.15, reflecting a 74.25-point, or 0.31% jump.

The top gainers in the NIFTY50 index were Tata Consumer Products, HCL Technologies, Reliance Industries, Bajaj Finance, and Nestle India.

Buzzing stocks on June 16: Check list

Shares of the country's leading aluminium producers, such as Hindalco, National Aluminium, and Vedanta Aluminium, were facing selling pressure in trade on Tuesday, June 16.

These shares came under selling pressure after aluminium prices in international markets dropped following the United States and Iran's agreement to a peace deal. Aluminium futures on the London Metal Exchange (LME) dropped 4.4% to $3,379, their lowest level since the war between the US and Iran started in late February.

The stock of GMR Airports surged as much as 3.6% to hit a 52-week high of ₹110.50 per equity share on the National Stock Exchange (NSE) on Tuesday, June 16, as it posted its monthly traffic data for May 2026 on Monday.

According to a regulatory filing, the company reported a 6.1% year-on-year (YoY) surge in its total passenger traffic to 10.63 million passengers in May 2026 across all its portfolio airports.

More specifically, its domestic traffic jumped 7.9% YoY to 8.3 million passengers, and its international traffic rose 0.4% YoY to 2.4 million passengers during the month under review.

However, its international passenger traffic was impacted by the ongoing geopolitical instability in the Middle East since February 28, 2026.

Shares of Ashok Leyland advanced as much as 2.02% to hit an intraday high of ₹160.89 per unit in early trade on the NSE, after the commercial vehicle manufacturer, along with its electric mobility arm Switch Mobility, signed a Memorandum of Understanding (MoU) with the government to replace old trucks and buses in the Delhi–NCR region.

“The first Memorandum of Understanding (MoU) under the Government of India's scheme for replacement of old trucks and buses in the Delhi–NCR region was signed today between the Ministry of Road Transport and Highways (MoRTH) and Ashok Leyland, along with Switch Mobility, a subsidiary of Ashok Leyland,” the government said in a statement.

With this signing of the MoU, Ashok Leyland and Switch Mobility became the first original equipment manufacturers (OEMs) to partner with the government for the implementation of the scheme.

**Kalpataru Projects International **

Kalpataru Projects International (KPIL) stock jumped as much as 4.6% to hit a 52-week high of ₹1,364.20 per equity share on the NSE on Tuesday, June 16, after announcing the record date for its final dividend, along with determining the date for hosting the annual general meeting (AGM).

According to a regulatory filing, the company’s board of directors, at a meeting held on June 15, fixed Monday, June 29, as the record date for its final dividend of ₹11 per equity share (550%). The dividend will be paid on or before Thursday, August 13, 2026, if declared, the company stated.

Kalpataru Projects International’s board has scheduled its 45th AGM to be held on Wednesday, July 15, 2026, at 12:30 PM, through video conferencing (VC) or other audiovisual means (OAVM).

Furthermore, the company set Wednesday, July 08, 2026, as the cut-off date for the purpose of determining the members eligible to vote on the resolutions set out in the notice of the 45th AGM.

HCL Technologies shares gained as much as 3.8% to touch an intraday high of ₹1,157 apiece on Tuesday, June 16, as the IT services company acquired a 10.46% stake in government-backed sovereign AI model developer Sarvam AI for ₹1,427.25 crore.

The acquisition is expected to be completed within two weeks of signing. As part of the transaction, HCL Technologies will acquire 41,421 equity shares, representing a 10.46% stake in Sarvam AI. The transaction does not require any regulatory approval, a regulatory filing said.

“Sarvam, India's full-stack sovereign AI company, today announced that it has raised $234 million in the first close of its $300 million Series B at a post-money valuation of $1.5 billion,” HCL Technologies said in a statement.

Waaree Energies stock fell nearly 2% to touch an intraday low of ₹2,996 apiece, before recovering and trading in the green on Tuesday, June 16, after the shareholders approved the company’s fundraising plans.

“Approval to raise capital by way of a qualified institutions placement to eligible investors through an issuance of equity shares or other eligible securities for an amount aggregating up to Rs 10,000 crore," the company said in a regulatory filing.

On April 29, Waaree Energies’ board had approved raising up to ₹10,000 crore through the issuance of equity shares and non-convertible debentures, along with warrants and any other eligible securities convertible into equity shares of the company or any combination (collectively, securities) on Qualified Institutional Placement.

Arvind SmartSpaces shares jumped more than 10% during the early market session on Tuesday, June 16, after the real estate developer signed a new residential horizontal development project, which is estimated to boost the company's top-line revenues.

The rally comes after Arvind SmartSpaces signed a new residential horizontal development project located on Kerala-Nalsarovar Road in South Ahmedabad, a project that is estimated to boost the top-line revenues by ₹180 crore.

“Ahmedabad continues to offer compelling growth opportunities in the horizontal real estate segment, driven by robust infrastructure development and growing demand for plotted developments,” said Priyansh Kapoor, MD and CEO of Arvind SmartSpaces.

The stock of General Insurance Corporation of India (GIC) slipped as much as 6.47% to ₹362.20 per equity share on the NSE in the early trade on Tuesday, June 16, as the offer for sale (OFS) by the government to sell up to a 5% stake in the PSU began today.

The government on Monday announced that it was looking to sell up to 5% stake in GIC at a floor price of ₹352 per share.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X that the government will divest 2% equity in GIC, with an additional 3% as a green shoe option.

RateGain Travel Technologies shares rose 3% to their 52-week high of ₹849.90 apiece on Tuesday, June 16, after the company partnered with Duetto Partner to power autonomous, real-time revenue optimisation for hotels globally.

The company said by combining RateGain’s AI-powered channel manager with Duetto’s industry-leading revenue and profit operating system, hoteliers can benefit from automated, real-time rate updates across all distribution channels, powered by advanced forecasting and price optimisation.