IT, FMCG and Financial Services Lead Tuesday's Sectoral Charge as Broad-Based Buying Continues

Mumbai, June 16: Three sectors — information technology, FMCG, and financial services — emerged as the broadest pockets of strength in Tuesday’s trading session, with multiple constituent stocks across each index advancing in tandem rather than isolated single-stock moves driving the gains.  

The breadth of participation within these sectors stood out against a backdrop of continued uncertainty over the US-Iran ceasefire’s finer terms, suggesting investors are rotating into segments seen as relatively insulated from geopolitical risk and direct beneficiaries of softer crude oil prices. 

Nifty IT: Up 0.90% to 28,320.25 

The Nifty IT index advanced 0.90% to 28,320.25 from a previous close of 28,067.85, with the rally driven by renewed investor confidence following HCL Technologies’ AI-linked deal-making and a broader uptick in risk appetite across export-oriented sectors as the rupee held steady amid easing crude prices. 

• HCL Technologies (HCLTECH) led the index with a 2.18% gain to Rs 1,143.70 from a previous close of Rs 1,119.30, extending Monday’s rally on the back of its Rs 1,427.25 crore strategic investment in Sarvam AI. 

• Coforge (COFORGE) surged 3.29% to Rs 1,448.60 from Rs 1,402.50, the sharpest move in the index, with the stock also showing the strongest 30-day momentum at 13.03%. 

• Tata Consultancy Services (TCS) rose 1.02% to Rs 2,184.00 from Rs 2,162.00, recovering some ground after a soft 30-day trend of -3.49%. 

• Persistent Systems (PERSISTENT) gained 1.38% to Rs 4,958.00 from a previous close of Rs 4,890.50, continuing its sustained outperformance with a 5.57% rise over the past month. 

Nifty FMCG: Up 0.87% to 49,470.50 

The Nifty FMCG index climbed 0.87% to 49,470.50 from a previous close of 49,043.40, with consumer staples attracting defensive buying as falling crude oil prices are expected to ease input costs for packaging and logistics-heavy FMCG businesses in the coming quarters. 

• Tata Consumer Products (TATACONSUM) was the top gainer in the pack, rising 2.50% to Rs 1,127.90 from Rs 1,100.40. 

• Nestle India (NESTLEIND) advanced 1.47% to Rs 1,394.90 from a previous close of Rs 1,374.70. 

• Hindustan Unilever (HINDUNILVR) gained 1.44% to Rs 2,187.20 from Rs 2,156.10. 

• United Spirits (UNITDSPR) rose 1.34% to Rs 1,288.50 from a previous close of Rs 1,271.50. 

Nifty Financial Services: Up 0.36% to 26,369.30 

The Nifty Financial Services index added 0.36% to 26,369.30 from a previous close of 26,274.80, with gains concentrated in non-bank lenders and insurers even as some large private banks showed more modest moves, reflecting selective rather than uniform buying within the space. 

• Bajaj Finance (BAJFINANCE) led gainers with a 1.60% rise to Rs 957.40 from Rs 942.30. 

• Cholamandalam Investment and Finance (CHOLAFIN) advanced 1.54% to Rs 1,679.00 from a previous close of Rs 1,653.60. 

• Bajaj Finserv (BAJAJFINSV) gained 1.46% to Rs 1,775.80 from Rs 1,750.20. 

• HDFC Bank (HDFCBANK) rose 1.02% to Rs 785.30 from a previous close of Rs 777.35, lending breadth to the index alongside the NBFC names. 

 Source:

• NSE India (Nifty IT, Nifty FMCG, Nifty Financial Services constituent data, June 16, 2026)
• https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY%20FIN%20SERVICE
• https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY%20FMCG
• https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY%20IT