Good Morning!
The GIFT Nifty, an early indicator for the benchmark Nifty 50, is up 0.o7% at 23,973 as of 6:33 am. Equity-index futures for the US (S&P 500) dipped 0.10%. while Europe (Euro Stoxx 50) rose 0.24%.
Indian Market Recap
After the tech selloff in US markets and fresh US-Israel-Iran geopolitical tensions, domestic benchmark indices Sensex and Nifty 50 swung to losses on Monday.
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Domestic equity benchmarks Sensex and Nifty 50 slipped in trade, pausing after their longest weekly winning streak of 2026, as concerns over a weak monsoon blunted relief from easing Middle East tensions and lower crude prices. The retreat also reflected fatigue after a three-week rally, with analysts saying softer oil and rupee-support measures were largely priced in.
US Markets Recap
Wall Street indices recovered from a rocky week as tech shares gained and America and Iran agreed to pause hostilities and let traffic pass through the Strait of Hormuz.
S&P 500 opened 0.55% higher at 7,394.38, tech-heavy Nasdaq Composite jumped 0.8% to open at 25,484.94, while the Dow Jones Industrial Average opened 0.35% higher at 52,056.30.
Nasdaq jumped over 1% minutes after the opening bell to trade at 25,586.20 as big tech stocks lifted sentiment.
Nvidia shares broke their five-day long losing streak and surged over 1% to $194.78, whereas Micron Technology extended losses to slide over 4% to $1,085.65.
Asian Market Update
Asia-Pacific markets opened primarily higher Tuesday, following gains of Wall Street. Japan's Nikkei 225 advanced more than 1.41% and the Topix surged 0.88%. South Korea's Kospi gained 1.17%, while the small-cap Kosdaq dipped 0.88%.
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Stocks In The News
Sterling and Wilson Renewable Energy: Secures landmark project in Egypt, received LoA for a 1,000 MWac capacity Solar PV project and 600 MWh Battery Energy Storage for $560 million.
Juniper Hotels: Resignation of Mr. Tarun Jaitly from the position of Chief Financial Officer of the company.
Central Bank of India: Company inaugurated its International Financial Services Centre (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City.
Axis Bank: Puneet Sharma, Chief Financial Officer of the Bank, has tendered his resignation.
Jagsonpal Pharmaceuticals: Company has entered into a Share Purchase Agreement (SPA) to acquire 85% of the paid-up equity share capital of Aequitas.
State Bank of India: Raised $300 million via 3-year senior unsecured floating rate bonds issued through its London branch.
Samvardhana Motherson (SAMIL): Delayed completion of 28.15% stake acquisition in HR Dhauliganga (captive power SPV); now expected by Q4 FY27 (vs earlier Q1 FY27).
RITES: Signed MoU with CONCOR to provide project management & consultancy services for development of logistics infrastructure.
Coforge: Appointed Anup Nair as Chief AI Commercial Officer.
Aditya Birla Capital: Allotted Rs 300 crore NCDs via private placement, with Rs 100 crore greenshoe option.
Vikram Solar: NCLAT set aside NCLT insolvency admission order.
Indian Bank: Confirmed adherence to applicable guidelines of SEBI CSCRF (Cybersecurity & Cyber Resilience).
CESC: Subsidiary Purvah Green Power incorporated wholly owned subsidiary Purvah Energy Ventures.
Krsnaa Diagnostics: ICRA reaffirmed credit rating at A (Stable) for long-term loans and A1 for short-term facilities.
BSE: To directly handle international market data licensing from Jan. 1, 2027, replacing Deutsche Börse; no impact or disruption to clients.
Tata Elxsi: Received Rs. 1.58 crore income tax demand notice (AY26) over tax credit mismatch.
GNG Electronics: Director Ajay Pancholi acquired 77,000 shares via market purchases, increasing stake from 0.12% to 0.19%.
SJVN: Signed PPAs with GUVNL for supply of power from hydro projects (66 MW, 210 MW, 382 MW) in Himachal Pradesh.
Bandhan Bank: CFO Rajeev Mantri resigned to pursue another opportunity.
EPACK Durable: Clarified CRISIL "issuer not cooperating" tag is due to discontinued engagement since Dec. 2024.
Dishman Carbogen Amcis: Subsidiary Carbogen Amcis AG commissioned a 1.2 MW solar plant in Switzerland.
Rolex Rings: Fixed July 3, 2026 as record date for Rs 180/per share buyback. Buyback size Rs 180 crore.
eMudhra: ICRA reaffirmed credit rating at A (Stable)/A1 for bank facilities worth Rs 35 crore.
Central Bank of India: Inaugurated IFSC Banking Unit at GIFT City, enabling foreign currency lending, trade finance, and global banking services for clients.
Godavari Biorefineries: Commissioned 200 KLPD grain-based distillery with Rs 130 crore capex.
Windlas Biotech: ICRA reaffirmed long-term rating at A+ (Stable) and upgraded short-term rating to A1+ for working capital facilities.
Jagsonpal Pharmaceuticals: Company to acquire 85% stake in Aequitas Healthcare for Rs 20.8 crore, marking entry into the hospital segment.
Indian Oil Corporation: India Ratings assigned AAA (Stable) long-term rating and A1+ short-term rating for bank facilities.
Sterling & Wilson Renewable Energy: JV secured Rs 4,600 crore order in Egypt for 1,000 MW solar & 600 MWh storage project.
Thangamayil Jewellery: ICRA reaffirmed credit rating at A+ (Stable) and A1 for short-term facilities.
Pace Digitek: Subsidiary advancing BESS manufacturing expansion, with capacity rising to 5 GWh soon and targeted 10 GWh by Q3 FY27.
Bannari Amman Sugars: Reported cybersecurity incident at Tamil Nadu distillery unit; issue resolved with no impact on operations.
Maruti Suzuki: Received GST demand order of Rs 3.45 crore and Rs 3.45 crore penalty from West Bengal authority; company to appeal.
Canara Bank: Government appointed Rakesh Kashyap as Deputy MD of NABARD till Jan. 31, 2029.
WeWork India: Expanded Hyderabad centre capacity by 536 desks by leasing an additional 31,259 sq. ft.; to be operational in July 2026. Investment required Rs 9.8 crore.
Electronics Mart India: Opened new multi-brand store in Gurugram spanning 6,250 sq. ft.
Lumax Auto Technologies: Completed acquisition of remaining 15.97% stake in Lumax FAE, becoming a wholly owned subsidiary.
Balkrishna Industries (BKT): Completed carbon black expansion, boosting capacity to 3.6 lakh MTPA; capacity addition of 95,000 MTPA. Also enhanced power capacity to 64 MW, with capacity addition of 24 MW.
HDFC Bank: Board approved appointment of Rajiv Kumar as Independent Director (4 years from June 30, 2026) and proposed him as Part-time Chairman for 3 years.
SIS: Approved buyback proposal of up to Rs 120 crore at a maximum of Rs 478.5 crore; extended tenure of Whole-time Director till April 2027.
Powerica: Income tax demand revised higher to Rs 31.3 core (from Rs 30.28 crore); company is currently reviewing the order.
South Indian Bank: Opening new branch in Manavalanagar, Thiruvallur (Tamil Nadu) on June 30, 2026.
IRFC: Government approved appointment of Ranjay Choudhary as Director (Finance) for five years.
Board Meeting
- Apar Industries – Fund Rasing
- Muthoot Microfin – Fund raising
- Shanti Gold International – Fund Raising
AGM On 30th June
SG Finserv
Bank of Maharashtra
Anand Rathi Share & Stock Brokers
Hindustan Unilever
Raghav Productivity Enhancers
Thyrocare Technologies
Dalmia Bharat
ICICI Prudential Life Insurance
Indian Hotels
Fredun Pharma
GNA Axles
GSK Pharma
Urban Company
Voltas
SRF
Bulk Block Deals
- Bliss GVS Pharma: Mateus brought 11.50 lk shares, Arian Investment sold 11.50 lk shares at price Rs 490 each
- Infosys: Vidyaniti Llp brought 5.14 lk shares, Pi Opportunities Aif V Llp sold 5.14 lk shares at price Rs 1034 each.
- Goodluck India: Manish Garg sold 2.90 lk shares at Rs 1,420.81 each, Sageone - Flagship Growth OE Fund bought two shares at Rs 1,420.00 each.
- Maha Seamless: Odd & Even Trades & Finance bought 1,260,974 shares at Rs 619.43 each, Saket Jindal sold 1,270,000 shares at Rs 619.38 each.
- Multi Commodity Exchange: UTI Mutual Fund bought 14.65 lk shares at Rs 2,899.23 each.
- Pondy Oxides & Chem: ICICI Prudential Mutual Fund bought 4.72 lk shares at Rs 1,270.00 each, Manju Bansal sold 9 lk shares at Rs 1,270.27 each.
- Ramco Systems: Oregon Public Employees Retirement System bought 1.90 lk shares at Rs 772.40 each, Zen Securities sold 2.39 lk shares at Rs 785.40 each.
- Indo Tech Transformers: Shirdi Sai Electricals sold 3 lk shares at price Rs 3015.65 each.
- Indo Tech Transformers: IIFL Asset Management bought 2lk shares at Rs 2,985 each, Shirdi Sai Electricals sold 2 lk shares at Rs 2,985 each.
ALSO READ: Yes Bank To Raise Up To Rs 16,000 Crore Via Debt, Equity
List of securities shortlisted in Short - Term ASM Framework Stage
Aegis Logistics Limited
List of securities to be excluded from ASM Framework:
Kwality Pharmaceuticals Limited
Sandhar Technologies Limited
F&O Cues
Nifty Jun futures is down 0.54% to 23,971 at a premium of 25 points.
Nifty Options 30th Jun Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 23,500.
Securities in ban period: None
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