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PRE MARKET
Gift Nifty indicates a flat start for the broader index in India, with a gain of 25.5 points or 0.10 percent. The Nifty futures were trading around the 25,226.50 level.
Investors were spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and traders awaited more details on China-U.S. trade talks.
The S&P 500 declined 0.27% to end the session at 6,022.24 points, the Nasdaq declined 0.50% to 19,615.88 points, and the Dow Jones Industrial Average ended essentially unchanged at 42,865.77 points.
Asian markets were trading mostly lower on Thursday due to the ongoing US-China trade talks, with the Nikkei, Hang Seng, and Taiwanese indexes down 0.6 percent each.
STOCKS TODAY
CE Infosystems
PhonePe Private Limited is likely to sell up to a 5% equity stake worth Rs 476 crore in CE Info Systems, with a floor price set at Rs 1,750 per share. As of March 2025, PhonePe holds an 18.74% stake in the company.
Zydus Lifescience
The company has received the Establishment Inspection Report (EIR) from the US FDA for the inspection conducted at its API manufacturing facility in Ankleshwar. The US health regulator inspected the facility during March 10–14, and the inspection has been classified as No Action Indicated (NAI). The USFDA has concluded that this inspection is “closed.”
Nazaara Technologies
Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol have announced an open offer for the acquisition of up to 2.4 crore equity shares (26% stake) of Nazara Technologies at an offer price of Rs 990 per equity share.
Angel One
Ketan Shah has resigned from the role of Chief Sales and Revenue Officer – Assisted Business, as well as from the position of Whole-Time Director and Key Managerial Personnel of Angel One, including his roles on committees of the Board, due to personal reasons. His resignation will be effective from July 18.
ICICI Bank
ICICI Bank has sold its entire shareholding of 18.8% in equity shares of NIIT Institute of Finance Banking and Insurance Training (NIIT-IFBI), an associate of the bank, to NIIT for Rs 6.11 crore. Consequently, NIIT-IFBI has ceased to be an associate of the bank.
Source – Moneycontrol