PRE MARKET
Gift Nifty was trading around 23,954.50 level, a premium of nearly 24.00 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
US stock market ended higher close after the US-Iran peace deal.
The Dow Jones Industrial Average rallied 45.38 points, or 0.09%, to 51,715.41, while the S&P 500 jumped 122.83 points, or 1.65%, to 7,554.29. The Nasdaq Composite closed 795.10 points, or 3.07%, to 26,683.94, its strongest one-day percentage gain since March 31.
Asian markets traded mixed on Tuesday as investors awaited further details on the US-Iran peace deal.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged mixed 0.06, -1.29, and 0.32 percent.
STOCKS IN NEWS
HCL Technologies
The IT company announced that it will invest ₹1,427.25 crore (approximately $150 million) in Axonwise Private Limited (Sarvam AI), acquiring a 10.46% minority stake through an all-cash transaction
General Insurance Corporation of India
The Government of India on Monday, June 15, initiated an Offer for Sale (OFS) in state-owned reinsurer GIC Re, aiming to divest up to a 5% stake in the company.
State Bank of India
The Board of Directors is scheduled to meet on June 18 to evaluate proposals for raising funds in FY27 through either a public issue or a private placement.
Mahindra & Mahindra Financial Services
The Board of Directors has approved the issuance of non-convertible debentures (NCDs) of up to ₹1,000 crore through a private placement route.
Oil India
The company has entered into a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to jointly pursue research, innovation, and technology development in the energy sector.
Yes Bank
Yes Bank and Northern Arc Capital have partnered to broaden credit access, accelerate digital lending initiatives, and provide customers with a wider range of debt investment opportunities.
Adani Enterprises
The Adani Group and Jabil Inc. have revealed plans to enter into a strategic partnership aimed at creating an AI and data center infrastructure manufacturing platform in India.
Craftsman Automation
The engineering company announced that its Fund-Raising Committee has cleared the launch of a Qualified Institutions Placement (QIP) of equity shares, aiming to raise up to ₹2,000 crore.
