KEY HIGHLIGHTS
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Stock Market Today: Nifty, Sensex End Marginally Lower As Infosys, SBI Stocks Weigh
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Rupee Closes At Three-Month Low Against US Dollar
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SME IPO Rules To Change From July 1 — Check Out New Rules Coming Into Play
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Stock Market Today: Defying Turmoil, FIIs Double Down on IndusInd Bank Bet
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Yield On The 10-Year Bond Opens Flat
Stock Market Today: Dreamfolks Share Price Slumps Over 14% As Banks & Card Networks Mulls To Discontinue Service
Dreamfolks Services Ltd. share price slumped 14.06% to Rs 226.10 apiece. ICICI Bank, Axis Bank, and Mastercard are among the stakeholders who are mulling over a disassociation with DreamFolks, news agency PTI reported, citing sources.
Also Read: Airport Lounge Access: DreamFolks Works To Restore Temporary Airport Lounge Disruptions Across India
Stock Market Today: Nifty, Sensex End Marginally Lower As Infosys, SBI Stocks Weigh
Benchmark indices end the session on a flat note with a Negative bias.
Benchmark Indices outperformed Broader Market Indices.
Nifty and Sensex fell for the third consecutive day.
Nifty Midcap 150 fell 1.5% for the day, drag by Grindwell Norton and Linde India
Nifty Smallcap 250 fell 2% for the day, drag by Finolex Industries and Cyient.
Nifty Midcap 150 and smallcap 250 fell for the third consecutive day.
All sectoral Indices closed lower for the day barring Nifty Auto.
Nifty PSU Bank became the worst performing sector for the day.
Central Bank of India and Punjab and Sind Bank are the top losers in Nifty PSU Bank.
Nifty Auto gains for the second consecutive day.
Nifty FMCG, Financial Services, Oil and Gas, Pharma, Metal, Realty, Media and PSU Bank fell for the third consecutive day.
Nifty IT fell for the second consecutive day.
Rupee Closes At Three-Month Low Against US Dollar
Rupee closes 26 paise weaker against US dollar at 86.73
It's the lowest close since March 17
It closed at 86.47 a dollar on Wednesday.
Source: Bloomberg
IPO Update: HDB Financial Files For IPO
HDB Financial Services filed red herring prospectus for initial public offer. The issue opens on June 25 and it will close on June 27.
Stock Market Live: LTIMindtree Launches UnitBlueVerse
LTIMindtree has launched a new business unit called BlueVerse to accelerate the AI ecosystem. BlueVerse is a suite of AI services and solutions designed to enhance various aspects of AI implementation and innovation.
Stock Market Live Update: Gallantt Ispat To Buy Gallanft Lifespace Devlopers
Gallantt Ispat has approved the acquisition of Gallantt Lifespace Developers for Rs 72.50 crore.
Stock Market Live Update: R Sytems In No Discussion With Coforge
R Systems International Ltd. has clarified that it is not engaged in any discussions or negotiations with Coforge for a stake sale. Additionally, R Systems stated that it is not aware of any event that may have triggered market speculation regarding this matter.
Stock Market Today: HCLTech To Enhance Operations At US-Based Just Energy
HCLTech has been selected by US-based Just Energy to enhance their operations using AI.
Stock Market Live Update: Ashoka Buildcon Gets $67 Million Project
Ashoka Buildcon has received a Letter of Acceptance for a $67 million project from the Government of Guyana. This update was part of an exchange filing,
India Rupee Slumps To Lowes Level Since March 17
The India rupee slumped 41paise to 86.89 against the US dollar so far in Thursday's session. The unit settled at 86.48 a dollar on Wednesday, according to data on Cogencis.
Stock Market Live: Axis Bank Appoints New Chief Audit Executive
Axis Bank appointed Kedar Joshi as Chief Audit Executive for three months, the private lender said in the exchange filing.
Stock Market Live Update: Thomas Cook Teams Up With SOTC Travel Sign & Disney
Thomas Cook and SOTC Travel have signed a pact with Disney Cruise Line for consumer activation in India, the company said in the exchange filing.
Stock Market Live Update: KPI Green Energy Gets Orders For 36.87 Megawatt Power Plant
KPI Green Energy has received new orders for a 36.87 MW solar power plant. This update was part of an exchange filing, indicating a formal announcement regarding the new orders.
Stock Market Live: Seamec To Supply Air Diving Equipment To Mubarak Bridge Maritime
Seamec has entered into an addendum with Mubarak Bridge Maritime, based in Dubai, for the supply of air diving equipment. This agreement is part of an exchange filing, indicating a formal update to their existing contract or partnership.
Stock Market Today: Trent Has Analysts Optimistic After 25% Revenue Growth Guidance
Analysts maintained their stances on Trent Ltd. after it guided for 25% compound annual growth rate for next five to 10 years in its investors' meet. Macquarie and Morgan Stanley maintained their rating and target prices for the stock.
Stock Market Live Update: Is It Time To Exit IT Stocks? Experts Say Sector’s Growth Is Tapering Off
India’s IT sector is seeing a sharp divergence in performance. While stock prices have risen recently, analysts and market participants are advising caution and suggesting it may be time to reduce exposure to the sector.
The Nifty IT index has climbed nearly 6% over the last 11 sessions, with Oracle Financial Services, Tech Mahindra, and Persistent Systems leading the gains. Despite the rally, valuations remain high and analysts are warning against overexposure.
SME IPO Rules To Change From July 1 — Check Out New Rules Coming Into Play
The National Stock Exchange has announced changes in the bidding process for Small and Medium Enterprises' initial public offerings. The new process, that will take effect from July 1, 2025, is aimed at standardising and streamlining SME IPO participation.
Stock Market Today: Defying Turmoil, FIIs Double Down on IndusInd Bank Bet
In a display of conviction, foreign portfolio investors increased their holdings in IndusInd Bank during the quarter ended March 2025, showing renewed confidence even as the lender navigates a period of considerable turmoil.
Shares of the bank had fallen to a low of Rs 606 per share on March 12, which represented a 60% decline over the trailing twelve-month period.
Read the full article here.
Vedanta Share Price Falls After Paring Stake In Hindustan Zinc
The share price for Vedanta Ltd. fell more than 3% on Thursday after closing 0.53% lower at Rs 456.50 apiece the previous day. The scrip fell as much as 2.96% to Rs 442.45 apiece, the lowest level since June 6, 2025.
Stock Market Live: Krishana Phoschem To Setup Fertiliser Plants In Madhya Pradesh
Krishana Phoschem has received in-principal approval to establish a 500 tonne/day Diammonium Phosphate and Nitrogen, Phosphorus, and Potassium fertilizer plant in Madhya Pradesh. Additionally, the company has obtained in-principal approval to set up a 300 tonne/day Sulphuric Acid plant in the same region.
Stock Market Live: Indosolar Lists As WaareeIndo
Erstwhile Indosolar Ltd. which was acquired by Waaree Energies listed on the exchanges as WaareeIndo. The share price was trading 5% higher at Rs 173.32 apiece as of 10:46 a.m.
Waaree Energies acquired Indosolar in October 2018 when the lenders initiated insolvency proceedings following heavy financial losses.
Stock Market Live: Siemens Energy Shares Make Stock Market Debut After Demerger
Siemens Energy India Ltd. listed at Rs 2,840 per share as trading commenced on the Bombay Stock Exchange and the National Stock Exchange. This follows the company's demerger from Siemens Ltd. in April 2025. Later, the stock climbed nearly 5% to hit upper circuit of Rs 2,982.
Stock Market Live Update: Sterlite Technologies Share Price Surges
The share price for Sterlite Technologies Ltd. rose over 9% on Thursday, after closing 7.24% lower on Wednesday.
Before this, the shares had gained nearly 50% over five sessions. The company is set to benefit from artificial intelligence development. On Tuesday, the stock price jumped over 13% and hit the highest level in 19 months.
IndusInd Bank Share Price Reverses Gains
IndusInd Bank share price declined 1.02% to Rs 841.85 apiece. The share price rose Wednesday as Nomura upgraded the stock to buy.
Stock Market Live: Marksans Pharma Gets UK Regulator's Nod For Drug To Treat Overactive Bladder
Marksans Pharma has announced that its subsidiary has received marketing authorization from the UK regulatory agency for Oxybutynin Hydrochloride Oral Solution. This approval allows the company to market the product in the UK, expanding its portfolio and presence in the region.
Sectoral Performance At Open: Nifty PSU Bank Declines Most
The NSE Nifty PSU Bank declined as much as 0.62% to 6,832.05 to become the worst performing sector at open. The index was trading 0.18% down at 6,862.6.
Nifty Contributors: HDFC Bank, ICICI Bank Shares Weigh
HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Tech Mahindra Ltd., and State Bank of India weighed on the Nifty 50 index.
Bharti Airtel Ltd., Larsen & Toubro Ltd., Mahindra & Mahindra Ltd., Kotak Mahindra Ltd., and Titan Co. limited losses in the index.
Stock Market Live: Nifty, Sensex Open Lower As Private Bank Stocks Weigh
The NSE Nifty 50 and BSE Sensex opened lower as private bank stocks weighed. Weakness in global equities due to geopolitical tension and US Federal Reserve's caution over price pressure rise in the world's largest economy also affected risk-sentiment in Indian markets.
The Nifty 50 and Sensex were trading 0.26% and 0.27% down, respectively.
Yield On The 10-Year Bond Opens Flat
The 10-year bond yield opened flat at 6.33%
Source: Cogencis
Rupee Opens Weaker Against US Dollar
Rupee opens 6 paise weaker against US dollar at 86.53
It closed at 86.47 a dollar on Wednesday.
Source: Cogencis
Stock Market Live Update: Axis Capital Upgrades AU Small Finance Bank To Buy
Target Price: Rs 950 (+19%) (vs Rs 700 earlier)
On track to deliver RoA/RoE of 1.8/17% in FY27E
Stable margins, controlled opex, and reduced credit costs
RBI’s grant of universal bank license could cement its competitive position
Largest fixed rated book to benefit margins
EPS growth at ~35% CAGR over FY25-27E is best in coverage
Stock Market Live Update: Kalpataru Projects Set Price Band Rs 387–414
Kalpataru Projects International Ltd. set the price band to Rs 387–414 apiece, the exchange filing said.
Gold Prices Rebound After US Fed Warns About Price Pressure
Gold prices rose early morning Thursday after the US Federal Reserve warned that inflation will likely to rise going forward. However, the central bank's dot plot suggests for two more rate cuts this year.
Gold prices were trading 0.24% higher at $3,377.58 an ounce as of 7:52 a.m.
Oil Prices Fell Over 1% In Asia Session
Oil prices declined over 1% in Asia session Thursday. The prices advanced for two session in a row till Wednesday as people were worried about increasing concern about Israel and Iran conflict.
The focus is now whether the US will get itself involved directly into the conflict. President Donald Trump has been conducting security meetings, as per news reports.
Brent crude was trading 0.30% down at $76.47 a barrel as of 7:45 a.m. The prices have declined 1.34% to $75.67 a barrel.
Asia Market Update: TAIEX Falls Over 1% Before Central Bank's Rate Decision
Taiwan's benchmark index, TAIEX fell over 1% early Thursday as investors await for the central bank's rate decision. Taiwan's rate-setting panel is most likely to hold rate steady, according to Bloomberg's survey.
Markets in Japan, China, and South Korea fell as the US Federal Reserve warned about price pressure in the near term and slowing economic growth.
US Market Update: S&P 500 Settles Below 6,000 Level As Powell Warns About Inflation
Most US benchmarks erased gains after the US Federal Reserve Chair Jerome Powell expressed caution about imminent inflation and slow economic growth.
The US rate central bank kept rate steady at 4.25–4.5% range.
Dow Jones Industrial Average fell 0.10% to 42,171.66, and S&P 500 fell 0.03% at 5,980.87. Nasdaq Composite rose 0.13% at 19,546.27
GIFT Nifty Implies Lower Open; Hero MotoCorp, Jio Finance, Siemens Shares In Focus
The GIFT Nifty was trading 0.27%, or 66 points down at 24,743.00 as of 6:44 a.m., which implied a negative open for the benchmark Nifty 50. The index may find support between 24,650-24,700, according to analysts.
Investors may focus on Ashoka Buildcon Ltd., Hero MotoCorp Ltd., Jio Financial Services Ltd., and Siemens Ltd. shares because of the news flow overnight.
On Wednesday, the benchmark equity indices continued to decline for the second straight day, dragged by share prices of ICICI Bank Ltd. and Tata Consultancy Services Ltd.
The NSE Nifty 50 ended 41.35 points, or 0.17% lower at 24,812.05, while the BSE Sensex closed 138.64 points, or 0.17% down at 81,444.66.
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