Indian electronics exports saw a significant rise in May, reaching $5.09 billion. This growth occurred despite global supply chain issues. Shipments to the United States surged, becoming the primary destination. This shift compensated for slower trade with the UAE. Overall electronics exports for the first two months of 2026-27 climbed by 24.4%.
India’s electronics exports up 11.62% to $5.09 billion in May- Daily Market Update 17th June 2026
Overview and Outlook
Global Stock Market Today
- US equity markets, barring Dow jones, ended on a negative note.
- European equity markets ended on a flat to positive note.
- Asian equity markets are trading mix.
- GIFT Nifty is little changed, Nifty futures is likely to open around 24000 levels.
The benchmark Nifty index opened with a gap on the higher side, settled at 23989 spot levels after adding 135 points to its previous closing values in an otherwise lackluster trading session.
The broader markets traded in line with the benchmark as Mid and Small cap indices gained around 0.5% each.
The majority of sectoral indices, tracked at NSE, ended in green. Among them, Nifty Realty index was the best performer, gained 2.26% followed by IT, Media, FMCG, Consumer Durables and Oil & Gas index that rose 1% to 1.78%. On the other hand, Metal index was the worst performer, down 1.55%.
Technically, Nifty index is trading in a narrow congestion range of 200 points i.e. 23800-24000 spot levels. A decisive close above 24050 spot levels could lead it towards 24400 spot levels in near term. Conversely, sustained trading below 23800 spot levels could drag it towards 23600-23500 spot levels. Hence, we suggest traders to maintain stocks specific trading approach as long as the index remains in 23800-24000 spot levels.
Derivatives Overview & Outlook
Yesterday, Nifty and Banknifty futures open interest declined by around 3% each on short covering, whereas no significant changes were observed among Finnifty and Midcapnifty futures on open interest front.
Performance on the sectoral front was mixed and muted. Amongst them, Power and Technology stocks witnessed maximum addition of long positions.
On options front, Nifty will start the new weekly series of June contract with maximum positions at 24000 PE and 24000 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 749 Cr in the cash segment, bought index futures worth Rs 1783 Cr and sold stock futures worth Rs 1727 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24100-24200; Supports 23900-23800
Banknifty – Resistances 57800-58100; Supports 56800-56500
Finnifty – Resistances 26600-26700; Supports 26300- 26200
F&O stocks in ban today: KAYNES
Disclosure
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