Among the key contributors to the Sensex's rally were HDFC Bank Ltd, Reliance Industries Ltd (RIL), ICICI Bank Ltd, Mahindra & Mahindra Ltd (M&M), Bharti Airtel Ltd, Bharat Electronics Ltd (BEL), Larsen & Toubro Ltd (L&T), Eternal Ltd and Sun Pharmaceutical Industries Ltd.
Among the major contributors to the Sensex's gains were HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Bharat Electronics Ltd (BEL), Bharti Airtel Ltd, State Bank of India (SBI), Mahindra & Mahindra Ltd (M&M), Titan Company Ltd and Tata Steel Ltd.
Drawing from his recent shareholder letter to Tech Mahindra, Mahindra compared today's AI landscape to the smartphone revolution. "A smartphone is remarkable technology," he noted, "but it became indispensable because of the apps and experiences built on top of it."
June auto sales highlighted strong growth for TVS Motor, Bajaj Auto, Mahindra & Mahindra, and Maruti Suzuki, with EV sales witnessing a sharp jump. However, Aditya Shah, Founder of Hercules Advisors, believes investors should be cautious about chasing expensive EV OEMs despite the proposed Delhi EV policy. Instead, he prefers auto ancillary companies such as Sona BLW, Motherson, and Preco, which could benefit from rising electric vehicle adoption. Shah also remains bullish on Mahindra & Mahindra as his top passenger vehicle pick, citing its strong position across SUVs, EVs, and tractors. Watch the full discussion for his complete investment strategy.
June auto sales reflected a mixed but largely positive trend for the Indian automobile industry. Mahindra & Mahindra and Maruti Suzuki posted strong year-on-year growth, supported by robust SUV demand and healthy export volumes, while Hyundai reported a decline due to temporary supply chain disruptions. JSW MG Motor and Skoda also delivered encouraging performances during the month. A key highlight came from Tata Motors, where electric vehicles accounted for nearly 23% of total sales, with one in every three new bookings being for an EV. The numbers suggest that demand for SUVs and electric vehicles continues to remain strong despite industry-wide challenges.
Mahindra & Mahindra has reported a strong set of monthly auto sales numbers, delivering a 37% year-on-year jump in total sales for June. The company sold around one lakh vehicles during the month, driven by robust demand across both utility vehicles and commercial segments. Domestic UV sales rose 28%, while domestic commercial vehicle sales increased by 35%, highlighting broad-based strength in the auto business. The performance reflects continued momentum in India’s passenger and commercial vehicle demand cycle. Industry peers such as Maruti Suzuki also posted healthy growth, indicating a sustained recovery and strong underlying demand across the automobile sector in June.
Major drags on the Sensex included Reliance Industries Ltd (RIL), Kotak Mahindra Bank Ltd, Mahindra & Mahindra Ltd (M&M), Larsen & Toubro Ltd (L&T), Axis Bank Ltd, Maruti Suzuki India Ltd, State Bank of India (SBI), InterGlobe Aviation Ltd (IndiGo's parent) and Hindustan Unilever Ltd (HUL).
Among the key contributors to the benchmark Sensex were Larsen & Toubro Ltd (L&T), Reliance Industries Ltd (RIL), Mahindra & Mahindra Ltd (M&M), HDFC Bank Ltd, Bajaj Finance Ltd, Infosys Ltd, Eternal Ltd and Maruti Suzuki India Ltd (MSIL).
India's leading flexicap funds stepped up purchases of Mahindra & Mahindra, HDFC Bank and ICICI Bank in May 2026, underscoring fund managers' growing preference for banks and domestic cyclicals. At the same time, State Bank of India emerged as the most-sold stock, while ITC and PB Fintech also witnessed cuts in exposure.
Bharti Airtel Ltd, State Bank of India (SBI), ICICI Bank Ltd, Mahindra & Mahindra (M&M), Titan Company Ltd and Bharat Electronics Ltd (BEL) remained its top picks.
Master Capital Services said that CG Power has delivered a strong breakout above its previous resistance zone near Rs 875 and continues to trade in a well defined uptrend.




