GIFT Nifty

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is trading around 23,330 as of 6:50 a.m., indicating a stable start for domestic equities. US equity-index futures (S&P 500) are marginally lower by 0.05%.

India Market Recap

Indian benchmark indices ended lower on Thursday, with the Nifty extending its losing streak to a second consecutive session while the Sensex snapped its two-day gaining run. The NSE Nifty 50 declined 53.35 points, or 0.23%, to 23,161.60, while the BSE Sensex fell 150.63 points, or 0.20%, to 73,832.55. Markets witnessed heightened volatility throughout the session, driven by weekly Sensex expiry and escalating geopolitical tensions in the Middle East. Investors preferred to reduce overnight risk exposure, leading to profit booking in the latter half of the trading day. On technical front, Nifty support is around the 23000-23100 range, while resistance is between 23350-23500.

US Market Recap

US stocks rallied on Thursday, following a rebound in chip stocks and President Donald Trump signaling that the U.S. and Iran could soon sign a peace deal. The S&P 500 rose 1.75%, while the tech-heavy Nasdaq Composite gained 2.54%. The Dow Jones Industrial Average jumped 929.97 points, or 1.86%.

Asian Market Update

South Korea’s Kospi advanced 7.01% on Friday, while Japan’s Nikkei 225 rose 3.4%. Australia’s benchmark S&P/ASX 200 was up 1.54%. Trump on Thursday told reporters in the Oval Office that a deal between the U.S. and Iran would have a “signing soon, and the documents are in pretty final shape. It should be done and it should be done pretty quickly.” The president added that under the deal, “Iran will never have a nuclear weapon.” Equities had rallied earlier in the day, after Trump said in a Truth Social post that he had called off the strikes on Iran originally planned for Thursday evening.

Commodity Check

Oil prices fell Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes the Middle East conflict could be nearing its end. U.S. crude oil futures for July delivery fell 1.65% to $86.26 per barrel, while August futures for international benchmark Brent lost 1.55% to $88.98 per barrel in early Asia trading. Speaking at the Oval Office, Trump said he expects an agreement to be signed “over the next few days,” assertions he has made several time during the conflict. He also said the Strait of Hormuz would reopen once a deal is finalized.

Stocks In News

• Happiest Minds: The company has launched its new Agentic AI Platform called 'Rel(AI) Build'.
• Maithan Alloys: The NCLT has formally approved the merger of its subsidiaries, Impex Metal and Ierro Alloys, into the company.
• Infosys: The IT major entered into a pact with the CMMI Institute for an AI Maturity Framework.
• Gujarat Alkalies: The company paid Rs 32 crore to successfully acquire a 26% equity stake in Cleanmax Sphere Energy.
• TBO Tek: The name of its subsidiary, Tek Travels DMCC, has been officially changed to Tek Travels FZCO.
• Tata Capital: The NBFC has allotted Non-Convertible Debentures (NCDs) worth Rs 2,030 crore on a private placement basis.
• Astral: The company's subsidiary will acquire a 60% partnership interest in DSS for a consideration of Rs 39.1 crore.
• Electronics Mart: Commenced commercial operations at a new store in Andhra Pradesh under the 'Bajaj Electronics' brand.
• NLC India: The government sold a 2.7% stake in the state-owned firm, reducing its total shareholding to 69.47%.
• Ratnaveer Precision: The company plans to issue equity shares worth Rs 330 crore on a rights basis.
• Avanti Feeds: The company announced it will invest Euro 4,00,000 into its Netherlands-based subsidiary.
• Centum Electronics: A French Court approved the restructuring plan for its subsidiary, Centum T&S. Under the plan, MBDA France will acquire the key business, while SII will take over the Toulouse and Belgium units, successfully clearing the sale of these business activities.
• IRCTC: The government has appointed Rajneesh Narain as the new Director (Finance) of the company.
• ITI: Received listing approval from the BSE and NSE for 19.65 lakh preferential shares. These shares were issued to promoters on a preferential basis and included a premium of Rs 290.25 per share.
• Thomas Cook (India): The company will issue a corporate guarantee of THB 53 million to its subsidiary, Asian Trails.
• GNG Electronics: Promoter Vidhi S Khandelwal sold a 3.9% stake in the company, reducing her total shareholding to 74.77%.
• Cyient: The IT engineering firm has fixed June 17 as the record date for its upcoming Rs 720 crore share buyback.
• PCBL Chemical: The company commissioned a 20,000 MTPA production line at its Mundra facility, expanding into high-value printing segments to target growing digital and UV printing demand.
• Deccan Gold: The company is accelerating its Kyrgyzstan Gold Project as it rapidly draws closer to commercial production.
• Affle 3i: The company was granted an Indian patent for its AI system covering a conversational agent system. This patent, focused on monitoring multiple AI agents, was earlier secured in the US market.
• Edelweiss Financial: Its NCD issue of up to Rs 3,000 crore will close early on June 12 instead of the originally planned June 19 due to strong demand.
• SP Apparels: The company entered into a £4 million loan agreement with its UK subsidiary.
• Windsor Machines: Received exchange approvals for 7 lakh shares to be issued on a preferential basis.
• SBI: The government has nominated Sanjay Lohia as a Director on the Central Board of the bank.
• Motisons Jewellers: The company closed its QIP issue early on June 11 due to strong QIB demand, allotting 135.7 crore shares at Rs 11.05 per share, representing a 4.6% discount to the floor price.
• Hindustan Oil: The company has halted gas sales from its B-80 field due to necessary asset integrity-related maintenance.
• E2E Networks: The BSE has approved the listing of Rs 20.5 crore worth of shares.
• Vedanta Iron and Steel: The company's shares are scheduled to officially list on the exchanges on June 15.
• KRN Heat Exchanger: The promoters sold a 1.52% equity stake in the company, reducing their overall holding from 67.22% to 65.69%.
• Indo Thai Securities: The NCLT Indore bench has directed a meeting of shareholders to consider the proposed demerger with ITFSL.
• Anupam Rasayan: The specialty chemicals maker successfully commercialised ETFA (Ethyl trifluoroacetate) using flow chemistry.
• Dabur India: The US FDA issued Import Alert 66-40 for the company's Silvassa unit. The company clarified that it expects no impact on financials or operations, as the order concerns only a small part of the manufacturing plant that generates insignificant revenue. Domestic products are not impacted, and the company is engaging with the FDA for preventive action plans.
• Sagility: Signed a definitive pact to acquire 100% of Careseed LLC for an amount up to $30 million.
• JK Paper: Acquired an additional 40.1 lakh shares (15.40% stake) in Borkar Packaging, increasing its total shareholding to 87.36%.
• Federal Bank: Launched a new variant of its FCNR (B) deposit scheme called 'FCNR Max' specifically tailored for its NRI customers.
• Adani Enterprises: Its Joint Venture, AdaniConneX, completed the 100% acquisition of MBEL for a consideration of Rs 765 crore.