PRE MARKET
Gift Nifty was trading around 23,147 level, a discount of nearly -26.50 points from the Nifty futures’ previous close, indicating a tepid start for the Indian stock market indices.
Asian markets traded higher on Tuesday, following overnight gains on tech socks on Wall Street. Japan’s Nikkei 225 rose 1.02%, while South Korea’s Kospi rallied 4%, while Hong Kong Hang Seng index futures indicated a lower opening.
US stock market ended positive, led by gains in chipmakers amid short-covering.
The Dow Jones Industrial Average declined 23.45 points, or 0.05%, to 50,811.46, while the S&P 500 rose 21.99 points, or 0.30%, to 7,405.73. The Nasdaq Composite closed 220.23 points, or 0.86%, higher at 25,929.66.
STOCKS IN NEWS
NLC India
The Government of India will sell up to a 3 percent stake in NLC India through an offer-for-sale (OFS), with a floor price of Rs 303 per share. The OFS will open on June 9 for non-retail investors and on June 10 for retail investors.
IRB Infrastructure Developers
The company’s toll revenue increased sharply by 25 percent year-on-year to Rs 843 crore in May, compared to Rs 672 crore in the corresponding month last year.
Panacea Biotec
The company announced the launch of the DENSTAR project, which aims to advance the licensure of its dengue vaccine, DengiAll, in sub-Saharan Africa (sSA) and facilitate its broader global adoption.
The four-year initiative is funded under the Global Health European & Developing Countries Clinical Trials Partnership 3 Joint Undertaking (GH EDCTP3 JU), supported by the European Union.
Grasim Industries
The company announced an investment of Rs 3,094 crore for the Phase II expansion of its Lyocell capacity by 110 KTPA at Harihar, Karnataka. The expansion will comprise two production lines of 55 KTPA (150 tonnes per day) each. The first line is expected to be commissioned by 2028, while the second line is expected to be commissioned by 2030.
HCL Technologies
The company launched the AI Innovation Zone in collaboration with Google Cloud. Located in California, the AI Innovation Zone will enable global enterprises to scale AI applications across agentic, kinetic, and physical AI.
Rail Vikas Nigam
The company has received a Letter of Acceptance for an EPC order worth Rs 221.33 crore from South East Central Railway.
JNK India
The company has received a large order worth between Rs 100 crore and Rs 300 crore from CC7 Emirates Engineering Solutions L.L.C., UAE, for waste gas handling systems.
JSW Energy
The company has commissioned its wind blade manufacturing plant at Halol, Gujarat, marking a significant step towards vertically integrating its wind energy value chain and de-risking its supply chain.
Source: Mint, Moneycontrol.