Trending Stocks Today, June 17, 2026: IDBI Bank Jumps on Privatisation Hopes; YES Bank Gains on Northern Arc Tie-Up, IFCI Rallies on NSE IPO Buzz, Vodafone Idea Advances on Birla's Growth Push

Mumbai, June 17: Banking and telecom stocks dominated trading volumes on the NSE on Wednesday, with IDBI Bank, YES Bank, Vodafone Idea and IFCI emerging among the most actively traded counters. Investor interest was driven by a mix of corporate developments, fundraising initiatives, strategic partnerships and expectations surrounding major market events such as the National Stock Exchange’s anticipated IPO. 

IDBI Bank led the gains among the most-traded stocks, surging over 19% on hopes that the government could revive the lender’s long-pending privatisation process. YES Bank advanced nearly 5% after announcing a strategic partnership with Northern Arc Capital to strengthen its digital lending and credit ecosystem, while Vodafone Idea gained over 1% as investors continued to react positively to Chairman Kumar Mangalam Birla’s comments that the telecom operator had reached an “inflection point” following the approval of a ₹4,730-crore promoter funding plan. IFCI also remained in focus, rising more than 5% amid optimism that the NSE could soon move forward with its long-awaited public listing, potentially unlocking value for shareholders with exposure to the exchange. 

Vodafone Idea Limited (up 1.23%) 

Vodafone Idea share price rebounded on Wednesday after witnessing profit booking in the previous session, with investor sentiment remaining supported by Chairman Kumar Mangalam Birla’s optimistic assessment of the telecom operator’s growth prospects. 

At the company’s extraordinary general meeting (EGM) last week, Birla said Vodafone Idea had reached an “inflection point” and was entering a new phase of growth after shareholders approved a ₹4,730-crore promoter funding proposal. He noted that the company was now better positioned to navigate challenges and focus on execution, with key priorities including network expansion, operational improvements and enhancing its competitive position in the telecom sector. 

 The stock has also drawn support from a series of positive developments in recent months, including government relief on adjusted gross revenue (AGR) dues, continued backing from promoters and the company’s efforts to secure additional funding for network upgrades and the rollout of 5G services. Investors have viewed these measures as crucial to strengthening Vodafone Idea’s balance sheet and improving its long-term growth outlook. 

Yes Bank Limited (up 4.98%) 

YES Bank share price extended gains on Wednesday in the wake of the private lender announcing a strategic partnership with Northern Arc Capital to expand credit access, strengthen digital lending capabilities and offer debt investment opportunities to customers. 

The collaboration is expected to enhance YES Bank’s lending ecosystem by combining the bank’s distribution network with Northern Arc’s expertise in credit underwriting, risk assessment and borrower outreach. The partnership will focus on widening access to credit across underserved segments while scaling up technology-driven lending solutions. 

Investors viewed the tie-up as a positive step in YES Bank’s strategy to diversify its loan book, accelerate growth through partnerships and deepen its presence in retail and small-business lending. The move also underscores the bank’s broader push to leverage digital channels and ecosystem collaborations to drive sustainable growth and improve customer offerings. 

IDBI Bank Limited (up 19.25%)  

IDBI Bank share price surged after reports suggested the government is exploring ways to revive the lender’s long-delayed privatisation process, rekindling investor hopes of a strategic stake sale. Market sentiment was further boosted by expectations that authorities could seek revised bids or restructure the transaction after earlier offers reportedly fell short of the government’s valuation expectations. 

The stock has been highly sensitive to developments surrounding its disinvestment plan. Shares had come under sharp pressure in March after reports indicated that the government could scrap or delay the stake sale due to bids being below the reserve price. The latest optimism marks a reversal in sentiment, with investors betting that a successful privatisation could unlock value and improve the bank’s growth prospects. 

Finance Minister Nirmala Sitharaman’s recent remarks that the IDBI Bank stake sale would continue despite delays and valuation concerns have also helped support the stock, reinforcing expectations that the Centre remains committed to completing one of India’s largest banking-sector disinvestment plans. 

 IFCI Limited (up 5.18%) 

 IFCI share price rose on Wednesday after edging down in the previous session, with investor interest remaining elevated amid growing optimism over the National Stock Exchange’s long-awaited initial public offering. 

The stock has rallied sharply in recent sessions following reports that NSE could soon file its draft IPO papers with the Securities and Exchange Board of India (SEBI), reviving expectations that the listing process may finally gain momentum after years of delays. 

Market participants have been accumulating IFCI shares due to the company’s indirect exposure to NSE through its majority stake in Stock Holding Corporation of India (SHCIL), which owns shares in the exchange. Investors believe a successful NSE listing could unlock significant value for shareholders of NSE-linked entities, helping drive IFCI’s recent outperformance. While some investors booked profits after the stock’s steep run-up, sentiment remains supported by expectations surrounding the potential IPO.

Source

• NSE