Foreign investors turned net buyers of Indian equities last week, snapping an eight-week selling streak with purchases of nearly $900 million. The shift followed easing West Asia tensions and a pullback in oil prices. Overseas investors are still net sellers this year, with outflows exceeding $29 billion. India has also moved to attract foreign capital, including scrapping taxes on certain debt investments and easing ownership restrictions.

Turtlemint Fintech Solutions’ IPO was subscribed 56% by midday on its final bidding day, led by retail investors at 0.78x. Qualified institutional buyers and non-institutional investors remained muted at 0.73x and 0.09x, respectively, according to exchange data. The company raised ₹397.2 crore from anchor investors and set a price band of ₹144–152 per share, valuing it up to ₹4,500 crore at the upper end.

Platinum and palladium are down 19% and 23% so far in 2026, trading near their June and August lows. BMI expects both metals to rebound to above $2,000/oz and $1,500/oz, respectively, by the end of Q3 2026, citing a 297,000 oz platinum deficit and above-ground stocks covering just under three months of demand through end-2026. Bank of America and BMI said an escalation in the US-Iran conflict or a stronger dollar could weigh in the near term, while tightening fundamentals remain the core driver for medium-term upside.

K2 InfraGen Ltd has won a ₹390.91 crore rural roads contract from the Government of Telangana, a deal that is more than four times its market capitalisation of about ₹84.86 crore. The work, under the Telangana Rural Roads Development Programme on Hybrid Annuity Mode — Phase I, Package No. 2, covers construction, upgradation, strengthening and maintenance of selected roads in the Bhongir Circle. The company must set up a special purpose vehicle and complete agreement formalities within a defined timeline before execution begins. Its shares fell 2.24% to ₹67.50 on the NSE SME Emerge platform, with 86.27% of traded quantity on the sell side.

On June 22, 2026, the United States and Iran completed a first round of talks in Switzerland, with Iran’s foreign minister saying oil and petrochemical exports would be exempted and some frozen assets released. Following the news, Brent crude futures fell 1.40% to $78.93 a barrel in early trading, while WTI slipped 0.26% to $65.65. India’s MCX crude oil futures also declined by more than 1.2%. Markets interpreted the developments as boosting expectations of Iranian oil supply returning, weighing directly on global crude prices.

Early on June 22, concerns over a potential escalation in West Asia grew after reports said an Iranian delegation walked out of peace talks in Switzerland and after renewed threats from Donald Trump, helping Brent crude rebound from around $73 a barrel to the $77–$78 range. Indian equities opened higher, with the Nifty and Sensex posting modest gains led by IT stocks. Energy names such as ONGC and Adani Enterprises traded lower. India VIX edged up to 12.97 but stayed low, pointing to muted near-term volatility expectations.

The US and Iran are set to hold technical talks in Burgenstock, Switzerland, to implement a previously agreed 60-day framework, while Iran said it had closed the Strait of Hormuz and the US disputed the claim and said shipping remained normal. International gold edged up to USD 4,245.9 per ounce, while silver fell 2.03%. In domestic markets, gold and silver futures posted weekly declines of 2.2% and 5.3%, respectively. Next week’s focus includes PCE inflation data, remarks from Federal Reserve officials and a policy decision by the People’s Bank of China.

OPEC’s World Oil Outlook 2026 said India’s oil demand growth is expected to outpace refinery capacity additions through 2030, potentially lifting imports of petroleum products while exports contract. The report projected around 1.0 mb/d of net incremental refining capacity by 2030 versus required refining capacity rising to more than 1.3 mb/d. It also noted India is already operating at a high utilisation rate, with capacity additions taking time to come online.

Packaging and FMCG companies said US-Iran peace talks have helped ease tensions in the Middle East, pushing crude prices down from their conflict highs. They expect that if oil stays below $80 per barrel, the decline will gradually feed through to resin prices, energy costs in glass manufacturing and packaging procurement. Glass bottle makers said supply chains will take longer to recover, even as the near-term direction for crude prices has turned lower. The shift is being driven by reduced geopolitical pressure on oil.