Stock Market Today: Nifty, Sensex End Marginally Lower As Infosys, SBI Stocks Weigh

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.

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.

HDB Financial Services filed red herring prospectus for initial public offer. The issue opens on June 25 and it will close on June 27.

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. 

Gallantt Ispat has approved the acquisition of Gallantt Lifespace Developers for Rs 72.50 crore. 

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.

HCLTech has been selected by US-based Just Energy to enhance their operations using AI.

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,

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.

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.

Axis Bank appointed Kedar Joshi as Chief Audit Executive for three months, the private lender said in the exchange filing.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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 declined 1.02% to Rs 841.85 apiece. The share price rose Wednesday as Nomura upgraded the stock to buy.

IndusInd Bank share price declined 1.02% to Rs 841.85 apiece. The share price rose Wednesday as Nomura upgraded the stock to buy.

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.

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.

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.

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.

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.

• 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

Kalpataru Projects International Ltd. set the price band to Rs 387–414 apiece, the exchange filing said.

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 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.

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.

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

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.