Market Preview, June 19, 2026: RIL AGM, HDFC Bank Chairman Extension, SBI Rs 60K-Cr Fundraise, Infosys ADR Slide, and Bharat Forge US Defence Tie-Up Set to Keep Markets Busy on Friday

Mumbai, June 19: Investors in India will be tracking Reliance Industries annual general meeting which is scheduled later today. HDFC Bank’s interim chairman Keki Mistry’s term extension will also be keenly watched. Here’s what you should track. 

Reliance Industries (RELIANCE) — 49th AGM Today; Jio IPO, New Energy and Retail Plans in Focus 

Reliance Industries (RIL) is set to hold its 49th Annual General Meeting at 2 pm on Friday via video conferencing, with investors keenly awaiting updates on the group’s new energy initiatives, developments regarding the proposed listing of Jio Platforms, and its capital deployment strategy across various businesses. The AGM follows a landmark FY26 in which RIL reported consolidated revenue of Rs 11,75,919 crore — up 10 per cent year-on-year — with EBITDA rising 13.4 per cent to Rs 2,07,911 crore and profit after tax surging 17.8 per cent to Rs 95,754 crore. The Jio Platforms IPO remains the single biggest re-rating catalyst for the stock; Mukesh Ambani confirmed the listing for the first half of 2026 at last year’s AGM, making today the first major public forum to deliver on that promise. Shareholders will also vote on a proposed dividend of Rs 6 per share for FY26, while updates on the Jamnagar new energy giga complex, the Meta data centre partnership, and Reliance Retail’s IPO timeline are expected to generate significant market interest through the afternoon session. 

HDFC Bank (HDFCBANK) — RBI Extends Keki Mistry’s Term as Interim Part-Time Chairman to September 2026 

The Reserve Bank of India has approved an extension of Keki Mistry’s term as interim part-time chairman of HDFC Bank, allowing him to continue in the role until September 18, 2026. The extension ensures leadership continuity at India’s largest private sector lender as it continues its search for a permanent chairman. Mistry, a veteran banker and former managing director of HDFC Ltd, has provided steady oversight during a period in which HDFC Bank has been managing post-merger integration and navigating a challenging deposit-growth environment. The stock will be watched for any developments on the permanent chairmanship search and the bank’s credit growth and net interest margin trajectory heading into Q1 FY27. 

State Bank of India (SBIN) — Central Board Clears Rs 60,000-Crore Fundraise for FY27 

State Bank of India gained 1.64 per cent to Rs 1,042.85 after its Central Board approved a proposal to raise up to Rs 60,000 crore during FY27 through the issuance of debt instruments in Indian rupees or foreign currencies. The fundraising may be undertaken through one or more instruments — including long-term bonds, Basel III-compliant Additional Tier 1 (AT1) bonds, and Basel III-compliant Tier 2 bonds — via public issuances and/or private placements to domestic and overseas investors. India’s largest public sector lender posted a net profit of Rs 19,684 crore in Q4 FY26, up 5.58 per cent year-on-year though down 6.39 per cent sequentially, with total income at Rs 1,40,412 crore. The capital raise signals SBI’s intent to shore up its balance sheet ahead of an anticipated uptick in credit demand, and the stock will be tracked for details on the instrument mix and deployment timeline. 

Infosys (INFY) — ADRs Tumble Over 7% After Accenture Cuts Annual Revenue Guidance 

The American Depository Receipts of Infosys witnessed sharp selling pressure on Thursday after Accenture trimmed its annual revenue growth forecast, triggering a broad sell-off across global IT services stocks. Infosys ADRs dropped more than 7 per cent on June 18, reflecting investor concern that weakening discretionary IT spend among enterprise clients could weigh on the sector’s near-term revenue visibility. Accenture’s guidance cut is widely treated as a bellwether for Indian IT majors, given overlapping client bases and comparable service portfolios across consulting and digital transformation. Infosys shares on the NSE will be closely watched at Friday’s open for any gap-down reaction, with Nifty IT already under pressure — the index fell 1.27 per cent on Wednesday — and the stock likely to face continued headwinds until fresh earnings guidance provides clarity on demand trends. 

Bharat Forge (BHARATFORG) — Defence Arm KSSL Signs Strategic Pact with US’s AM General at Eurosatory 

Kalyani Strategic Systems Ltd (KSSL), the defence arm of Bharat Forge, has entered into a strategic partnership with US military vehicle maker AM General, with the agreement signed at the Eurosatory defence exhibition in Paris. AM General is the manufacturer of the iconic HMMWV — widely known as the Humvee — and the partnership positions KSSL to co-develop or co-produce military mobility platforms for Indian defence requirements and potential export markets. The tie-up is consistent with Bharat Forge’s broader push to build a diversified defence portfolio spanning artillery systems, armoured vehicles, and aerospace components, capitalising on India’s rising defence indigenisation agenda under the Atmanirbhar Bharat framework. The stock will be tracked for further details on the scope, financial structure, and potential order pipeline arising from the AM General partnership. 

Source

• bseindia.com
• nseindia.com
• Company press releases