Summary:
Indian markets opened higher on June 22 as easing crude oil prices supported investor sentiment. Among the Nifty 500 stocks, Kirloskar Oil Engines, New India Assurance and Clean Science & Technology emerged as top gainers, driven by strong business developments and earnings momentum. Kirloskar Oil Engines hit the 20% upper circuit after securing a 192 MW data centre power systems order, while New India Assurance gained on value-unlocking expectations linked to the upcoming NSE IPO. Clean Science & Technology rallied following strong Q4FY26 results. Meanwhile, Craftsman Automation and Carborundum Universal declined over 4% due to QIP-related dilution concerns and profit booking, respectively
The Indian stock market on Monday, June 22, 2026, started the week on a positive note. The Nifty 50 gained around 0.47% and traded at 24,125 in the early trade. The Sensex also witnessed a decent rally in the early morning, gaining around 0.54% and trading near 77,211.
This was due to cooling off in the crude oil prices. Among the Nifty 500 index, Kirloskar Oil Engines Ltd, New India Assurance Company Ltd and Clean Science and Technology Ltd rallied and saw high trading volumes.
On the other hand, Craftsman Automation Ltd and Carborundum Universal Ltd declined over 4% each, becoming the top losers in the Nifty 500 index.
Kirloskar Oil Engines Share Price Hits 20% Upper Circuit
Kirloskar Oil Engines was top gainer in the Nifty 500 after it announced that it had secured orders of 192 MW, comprising 96 units of KOEL's 2500 kVA Optiprime™ Dual Core power systems from HyperNext. This order represents one of the largest deployments of high-capacity power systems for hyperscale data centres in India.
Kirloskar Oil Engines share price hit a fresh all-time high of ₹2,389.80, gaining ₹398.30 in one trading session. Volume jumped to 17.5 lakh shares on the NSE, compared to the 30-day average of 4.17 lakh shares.
New India Assurance Company Share Price Gains Over 6%
New India Assurance Company share price gained over 6% as NSE IPO filing sparked re-rating hopes. According to the draft red herring prospectus (DRHP) of NSE Ltd, New India Assurance Company Ltd plans to sell up to 1.05 crore NSE shares through the offer for sale. The stock has gained over 30% in the last 5 trading sessions.
Around 33.7 lakh shares changed hands during the trading session.
Clean Science and Technology Share Price Jumps Over 7%
One of the leading specialty chemical companies, Clean Science and Technology Ltd, was among the top gainers in the Nifty 500 on June 22.
The rally appears to be due to Q4 earnings. In Q4FY26, the company's revenue grew by 14% YoY to ₹246 crore. EBITDA grew 33% to ₹96 crore, while margins expanded by 550 bps to 38.9%.
Top Losers from Nifty 500 Index on Monday
Craftsman Automation Share Price Drops Over 4%
Craftsman Automation Ltd became the top loser in the Nifty 500 index on Monday.
The company completed its Qualified Institutional Placement (QIP), raising nearly ₹2,000 crore from institutional investors. Traded Volume stood at 1.93 lakh shares for the day.
Carborundum Universal Share Price Declines Over 4%
Carborundum Universal share price had risen over 15% in the last three trading sessions. After the recent rally the stock is seeing profit booking on Monday.
Carborundum Universal share price traded at ₹1,185, a decline of over 4%.
