NIFTY50 holds 24,000 mark, SENSEX up 112 pts in noon deals; IDBI Bank, Coforge, BSE among buzzing stocks

The Indian stock market was trading higher in the afternoon session on Wednesday, June 17, as the equity benchmark indices extended their rally for the fourth consecutive session following a decline in crude oil prices and a rally in banking and consumer durables stocks.

At 1:15 PM, the S&P BSE SENSEX was up 112.52 points, or 0.15%, at the 76,921 level, while the NSE's NIFTY50 was trading at the 24,012.4 level, rising 23.25 points, or 0.1%.

Buzzing stocks on June 17: Check list

Dixon Tech

Dixon Technologies shares rallied 5.3% to touch an intraday high of ₹12,888 apiece on Wednesday amid reports of the government likely clearing the long-pending Dixon-Vivo joint venture this month.

Citing people aware of the development, new agency Press Trust of India (PTI) reported that Centre is likely to clear long-pending approval this month, which will reduce the risk exposure of the Chinese mobile company to India.

The sources told PTI that an inter-ministerial panel has given in-principle approval to the deal. It will be cleared by Meity after due process, they added.

In the last five trading sessions, the stock has jumped 12.5%. For a month’s time, shares of the company have climbed 19%, while from the beginning of the year, Dixon Technologies shares have soared 6%.

Coforge

IT solutions provider Coforge's shares were trading higher after the company’s Investors’ Day 2026 on Tuesday, as market analysts shifted their focus towards the company’s execution plans for artificial intelligence (AI) amid the management’s optimism for the tailwinds of the sector.

Shares of Coforge were trading 0.23% higher at ₹1,468 during the afternoon market hours on Wednesday, after rising over 2% in the early market, compared to ₹1,464.80 at the previous stock market close, as per NSE data.

The mid-tier IT company, Coforge, estimates that AI is set to become a net tailwind for the business operations, as the management now targets a revenue of $5 billion by the financial year ending in 2030.

IDBI Bank

IDBI Bank shares rallied 19% to touch an intraday high of ₹91.49 apiece on Wednesday, becoming one of the lead contributors to the NIFTY Smallcap 100 index.

The stock is, however, trading 29.3% lower from its 52-week high level of ₹118.38 apiece hit on January 5, 2026. From the beginning of the year, IDBI Bank shares have fallen 13%. Over a month’s time, the stock has gained over 30%, while it has lost nearly 8% in the last six months.

IDBI Bank witnessed significantly higher trading activity on Wednesday, with volumes surging to 13.27 times the daily average.

DOMS Industries

Shares of the leading Indian stationery and art materials manufacturer headquartered in Valsad, Gujarat, tumbled as much as 5% to ₹2,200 apiece, after a large block deal took place in the block deal window.

However, the stock recovered later, and when last seen, it was trading at ₹2,316.2, up 0.1% on the NSE. According to reports, as many as 44.1 lakh shares, or 7.3% equity, of DOMS Industries worth ₹980.6 crore changed hands via a block deal.

The base deal size, according to a CNBC-TV18 report, was estimated at 5.2% equity, with an upsize option of an additional 1.8% stake. The floor price was reportedly set at ₹2,100 per share, implying a discount of around 9% to DOMS Industries' closing price on Tuesday.

Wipro

Wipro shares rose 1.4% to touch an intraday high of ₹185.25 apiece on Wednesday, a day after the Indian IT firm said it is expanding its AI footprint with the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic.

The CoE was inaugurated at the company’s Bengaluru innovation hub and is a key initiative under the newly formed AI-Native Business and Platforms Unit of Wipro. This strengthens Wipro’s ability to scale enterprise AI adoption using Claude models.

The capabilities are integrated across the Wipro Intelligence™ stack—including delivery, functional, and industry platforms—to embed AI into core business workflows across industries.

BSE

Amid expectations that the long-awaited NSE IPO could hit the market soon, shares of BSE came under pressure. The stock declined as much as 4% to ₹3,995.10 on the NSE during Wednesday's session.

The much-awaited IPO of the National Stock Exchange (NSE) is inching closer, with reports indicating that the bourse could file its draft red herring prospectus (DRHP) as early as Wednesday, June 17. Multiple news outlets have reported that India's largest stock exchange will file its DRHP today.

Most probably, NSE shares will be listed on the BSE.

HAL

Shares of Hindustan Aeronautics (HAL) were trading higher after reports said the Defence Ministry received around 10 bids from Indian public and private sector firms for its over ₹30,000 crore project to procure 87 Medium-Altitude Long-Endurance (MALE) Unmanned Aerial Vehicles (UAVs) for the Indian Air Force.

Medium-Altitude Long-Endurance (MALE) Unmanned Aerial Vehicles (UAVs) are a type of military drone. MALE drones, as per available reports, are designed to operate at medium altitudes, typically between 10,000 and 30,000 feet, and can remain airborne for long durations—often more than 24 hours.

HAL shares rallied over 4% to touch an intraday high of ₹4,433 apiece on Wednesday.