Weekly Market Recap: 22–26 June 2026 | India & Global

In this weekly market recap (22–26 June 2026), Indian benchmarks ended the week largely flat, with large-caps holding up better than the broader market. Global equities were mixed — the Dow eked out a gain while U.S. large-caps slipped on a hotter-than-expected inflation print. Government bond yields eased on both sides, with the Indian 10-year G-Sec and the U.S. 10-year Treasury both falling on the week.

India

Equity

• Bharti Airtel increased its stake in Airtel Africa from 62.7% to about 79% through a ₹28,200 crore cashless share-swap deal, strengthening its ownership in the high-growth African telecom business.
• Adani Group announced over ₹2 lakh crore of capex in Adani Power to reach 45 GW capacity in five years, while also targeting 10 GW of nuclear power capacity by 2035 and expanding across transmission, ports, data centres, mining and cement.

Debt

• Axis Bank raised $800 million via overseas bond issuance — $500 million in perpetual AT1 bonds and $300 million in 5-year senior unsecured notes — under its GMTN programme.

Global

Equity

• Micron reported record quarterly revenue of $41.46 billion and EPS of $25.11, and guided to about $50 billion in next-quarter revenue, driven by surging AI-memory demand and strong HBM chip shipments.
• IBM unveiled the world’s first sub-1 nanometer chip technology, a breakthrough that could materially improve AI compute performance, energy efficiency and next-generation semiconductor development.

Debt

• Brazil plans to issue up to 5 billion yuan ($735 million) in its first-ever panda bond — the largest sovereign debut in China’s domestic bond market — to diversify funding and help Brazilian firms raise capital in China.

Macro Events

India

• Amazon announced an additional $13 billion investment in India by 2030 to expand AI and cloud infrastructure, taking its total planned commitment to $48 billion, while targeting support for 3.8 million jobs and $80 billion in cumulative e-commerce exports by 2030.
• PM Modi, during his Seychelles visit, reaffirmed the India–Seychelles partnership, handed over an India-made fast patrol vessel to strengthen maritime security, and held talks to deepen bilateral cooperation.

Global

• US May PCE inflation — the Fed’s preferred gauge — rose to 4.1%, the highest since April 2023; core PCE rose to 3.4%, its highest since October 2023, leaving headline inflation at more than double the Fed’s 2% target.
• Keir Starmer announced his resignation as U.K. Prime Minister after acknowledging that Labour MPs no longer saw him as the best leader for the next general election.
• President Trump said the U.S. struck Iranian missile, drone-storage and coastal-radar sites after alleging Iran violated the ceasefire, warning of stronger action if violations continue.