Good morning!
The GIFT Nifty traded 0.40% higher at 25,077.5 as of 6:09 am, signalling a positive start to Indian equities.
US stock-index futures along with Sydney and Tokyo were little changed while, the futures indicted gains in Hong Kong.
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Markets On The Home Turf
The benchmark equity indices ended with gains on Tuesday, led by share prices of Jio Financial Services Ltd. and Adani Ports and Special Economic Zone Ltd.
The NSE Nifty 50 ended 72.45 points, or 0.29% higher at 25,044.35, while the BSE Sensex closed 158.32 points, or 0.19% up at 82,055.11. During the day, the Nifty rose 1.38% to trade at 25,317.70 and the Sensex rose 1.37% to 83,018.16.
Commodity Check
Oil snapped its two-day declining streak and rose over 1% on Wednesday as industry report indicated a decline in inventories last week. This comes after West Texas Intermediate crude, dropped by up to 6% on Tuesday.
Brent crude was up 1.16% to $67.92 per barrel.
London Metal Exchange
Copper snaps two day gaining streak and falls 0.05%.
Aluminium fell after rising for two consecutive trading sessions down 0.43%.
Nickel was flat after declining for two consecutive trading sessions.
Zinc was also flat after it resumed gains after Friday's blip.
Lead ended 0.35% lower after ending the previous session in positive.
Asian Markets Update
S&P 500 futures remained largely flat.
Euro Stoxx 50 futures rose by 0.21%.
Futures for Hong Kong’s Hang Seng Index increased by 0.8%.
Japan’s Topix index moved 0.15% lower.
Australia’s S&P/ASX 200 index future declined by 0.03%.
US Market Updates
The S&P 500 rose 1.1%, Nasdaq was up 1.5% on Tuesday, reporting its first record since February. The US dollar declined extended its decline and US Treasury futures also fell. This comes amid easing Middle East tensions and comments from Federal Reserve Chair Jerome Powell.
“If it turns out that inflation pressures do remain contained, then we will get to a place where we cut rates, sooner rather than later,” said Powell.
Stocks In News
PTC Industries: The company's arm Aerolloy Tech signed an MoU with Safran Aircraft Engines for Military Aircraft Engines.
Vodafone Idea: The telecom firm clarified that it has not received any communication from the government regarding relief on Rs 84,000 crore dues against the reports citing the Government considering relief on AGR dues.
Timex Group: Promoter Timex Group Luxury Watches B V to sell up to 15% stake via offer for sale on June 25 and 26. The company has announced floor price for the issue of Rs 175 per share, a discount of 35% of the current market price.
Aurobindo Pharma: The company's arm received Marketing Authorisation from UK’s medicines and healthcare products regulatory agency for Dyrupeg, Pegylated Filgrastim Biosimilar.
Sterlite Technology: The company received 11.12 crore arbitral award in its favour. The company had filed a statement of claim against BSNL for Non-Payment of AMC cost of Rs 11.12 crore.
JB Chemicals: The company received USFDA approval for an abbreviated new drug application of Amitriptyline Hydrochloride Tablets. Amitriptyline hydrochloride is indicated for relief of symptoms of depression.
Rashtriya Chemicals: The company approved issuance of NCDs worth Rs 300 crore including green shoe option on private placement basis.
Zydus Wellness: The company's arm Naturell India passes resolution and accords in-principle approval for voluntarily liquidation.
Mastek: Raghavendra Jha submits resignation from post of CFO.
Hindalco: The company signed agreements to acquire 100% stake in AluChem companies for $125 million.
Kaynes Technologies: The company closed its QIP, allotted 28.7 lakh shares at issue price of Rs 5,569.5 per share. The issue price is at a discount of Rs 56.25 per share to floor price of Rs 5,625.75 per share.
BLS E-Services: The company's arm signed definitive agreement to acquire customer service points of SBI and HDFC Bank.
Pricol: The company announced the resignation of Kanakaraju Krishnasamy from the post of chief technology officer.
Himadri Speciality: The company approved the acquisition of 16.2% stake in International Battery Company Inc for $4.43 million.
Kfin Tech: The company reappointed Vishwanathan Mavila Nair as chairperson of board effective October 01, 2025.
Inox Wind: The company allotted 76 crore shares following the scheme of arrangement with Inox Wind Energy. Allots 632 shares of Inox Wind for every 10 shares held in Inox Wind Energy.
Rites: The company received a letter of intent for Rs 28.5 crore order from Gujarat urban development company.
Union Bank of India: The company cancels appointment of Pankaj Dwivedi as ED with immediate effect.
IPO Offering
Globe Civil Projects: The public issue was subscribed to 6.97 times on day 1. The bids were led by Qualified institutional investors or 8.06 times, non-institutional investors or 8.16 times, retail investors or 5.83 times.
Ellenbarrie Industrial Gases: The public issue was subscribed to 0.08 times on day 1. There were no bids by Qualified institutional investors, non-institutional investors or 0.05 times, retail investors or 0.13 times.
Kalpataru: The public issue was subscribed 0.09 times on day 1. There were no bids by Qualified institutional investors, non-institutional investors or 0.10 times, retail investors or 0.33 times.
Sambhv Steel Tubes: The company will offer shares for bidding on Wednesday. The price band is set from Rs 77 to Rs 82 per share. The Rs 540-crore IPO is a combination of fresh Issue of Rs 440 crore and rest offer for sale. The company raised 161 crores from anchor investors.
HDB Financial Services: The company will offer shares for bidding on Wednesday. The price band is set from Rs 700 to Rs 740 per share. The Rs 12,500-crore IPO is a combination of fresh Issue of Rs 2,500 crore and rest offer for sale.
Listing Day
Arisinfra Solutions: The company's shares will debut on the stock exchange on Wednesday at an issue price of Rs 222 apiece. The Rs 499.6-crore IPO was subscribed 2.65 times on its third and final day. Bids were led by institutional investors or 1.42 times, retail investors or 5.59 times, non-institutional investors or 3.14 times.
Bulk Deals
Avalon Technologies: Bhaskar Srinivasan sold 20.91 lakh shares (3.17%) at Rs 790.54 apiece, Bhaskar Srinivasan sold 11.98 lakh shares (1.82%) at Rs 809 apiece, Axis Mutual Fund bought 9.6 lakh shares (1.45%) at Rs 790 apiece, Alchemy Emerging Leaders of Tomorrow bought 4.94 lakh shares (0.75%) at Rs 809 apiece.
Block Deals
Quick Heal Technologies: Sneha Kailash Katkar bought 33.19 lakh shares or 6.14% at Rs 362 apiece, while Anupama Kailash Katkar sold 33.19 lakh shares or 6.14% at Rs 362 apiece.
Avalon Technologies: Bhaskar Srinivasan sold 11.98 lakh shares or 1.82% at Rs 809 apiece, while Alchemy Emerging Leaders of Tomorrow bought 4.94 lakh shares or 0.75% at Rs 809 apiece, Alchemy India Long Term Fund bought 1.85 lakh shares or 0.28% at Rs 809 apiece., Alchemy Leaders Of Tomorrow bought 3.09 lakh shares or 0.46% at Rs 809 apiece, Iti Mutual Fund bought 0.61 lakh shares or 0.09% at Rs 809 apiece, ITI Mutual Fund bought 1.48 lakh shares or 0.22% at Rs 809 apiece.
Insider Trade
Nirlon: Promoter Shital Trading & Interiors Ltd. has sold 5,000 shares.
NCL Industries: Promoter P S Raju sold 10,000 shares and promoter Sridhar Bhupathiraju sold 2.05 lakh shares.
Som Distilleries & Breweries: Promoter Jagdish Kumar Arora bought 15,000 shares.
Paisalo Digital: Promoter Equilibrated Venture Cflow bought 99,000 shares.
D. B. Corp: Promoter D B Power bought 56,913 shares.
Trading Tweaks
List of securities to be excluded from ST-ASM Framework: Dredging Corporation of India.
Shares to Exit Anchor Lock-In: Belrise (4%)
F&O Cues
Nifty June Futures up by 0.39% to 25,090 at a premium of 46 points.
Nifty June futures open interest down by 20.25%.
Nifty Options June 26 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,000.
Securities in ban period: Titagarh.
Currency/Bond Update
Rupee closed 77 paise stronger against US dollar at 85.98. It closed at 86.75 a dollar on Monday.
The yield on the benchmark 10-year government bond ended 5 bps lower at 6.325%.
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