Reliance Industries Ltd. (RIL) will hold its 49th Annual General Meeting (AGM) on Friday, June 19, with Chairman and Managing Director Mukesh Ambani set to address shareholders and outline the conglomerate’s growth plans. The meeting will begin at 2 pm and will be conducted through video conferencing and other audio-visual means, according to the company’s regulatory filing.
Mukesh Ambani to address shareholders at Reliance Industries 49th AGM – Daily Market Update 19th June 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.14% to 1.91%.
- European equity markets, barring FTSE, ended on a 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 ended higher at 24168 spot levels after adding 82 points to its previous closing values.
The broader markets performed in line with the benchmark as Mid and Small cap indices settled on a positive note.
All sectoral indices, barring IT that was down over 1%, ended in green. Amongst them, Nifty Healthcare was at the top of the tally, gained around 1% closely followed by Realty, PSU banks, Pharma, Chemicals and Cement index that were up just over 0.5% each.
Gift Nifty is indicating a gap-down opening for the domestic markets. Nifty index scaled almost up to 24200 spot levels following its breakout from the price resistance of 24050 spot levels. Going ahead, we reiterate our buy on dips trading approach as long as the index remains above 23800-23750 spot levels on closing basis that is the confluence zone of gap support and 2-month EMA. A sustained trading below 23750 spot levels might drag it towards 23600-23500 spot levels in the near term.
Derivatives Overview & Outlook
Yesterday, Banknifty and Midcapnifty futures added 1.8% and 1.5% of open interest as long buildup along with some short covering in Nifty futures that shed around 1% of open interest. On the other hand, no significant changes were observed in Finnifty futures on open interest front.
All F&O sectors, barring Oil & Gas and Technology, settled on a positive note. Amongst them, Infrastructure, Power and Textile stocks witnessed maximum addition of long position whereas some short buildup were seen among Oil & Gas and Technology stocks.
On option front, both call and put writing were seen at multiple strikes. Maximum positions are at 25000 CE followed by 24500 CE and 24000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 1025 Cr in the cash segment, sold stocks futures worth Rs 1735 Cr and bought index futures worth Rs 508 Cr. DIIs were net buyers to the tune of Rs 3517 Cr in the cash segment.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24300-24400; Supports 24000-23800
Banknifty – Resistances 60000-60300; Supports 57500-57000
Finnifty – Resistances 26700-26800; Supports 26300- 26200
F&O stocks in ban today: KAYNES
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