Indian Shares Extend Gains on June 17, Driven by IT and Financials

Indian benchmark indices, the Nifty 50 and S&P BSE Sensex, extended gains for a fourth consecutive session on June 17, 2026. The Nifty 50 rose 0.16% to 23,588.60, while the Sensex climbed 0.12% to 77,392.70, as investors anticipated the Reserve Bank of India's (RBI) monetary policy decision. Technology and financial stocks led the advance. IT giants Wipro (WIPR.NS), Infosys (INFY.NS), HCLTech (HCLT.NS), and Tata Consultancy Services (TCS.NS) saw increases of 0.7% to 1.2%. Major lenders including ICICI Bank (ICBK.NS), HDFC Bank (HDBK.NS), and Axis Bank (AXBK.NS) also posted gains. Analysts widely expect the RBI to maintain its key interest rates unchanged. Foreign institutional investors (FIIs) remained net sellers, offloading shares worth 6.87 billion rupees ($82.26 million) on June 14. Conversely, domestic institutional investors (DIIs) were net buyers, acquiring equities valued at 8.08 billion rupees ($96.79 million) on the same day.