Gift Nifty indicates another weak for the Indian market; US Market ended with gains; Asian market traded lower

PRE MARKET

GIFT Nifty indicate a gap-down start for the broader index in India, with a loss of 198.50 points or 0.80 percent. The Nifty futures were trading around 24,726.50 level.

Oracle’s strong outlook fueled optimism about artificial intelligence, offsetting worries about tension in the Middle East and a drop in Boeing shares.

The S&P 500 climbed 0.38% to end the session at 6,045.26 points. The Nasdaq gained 0.24% to 19,662.49 points, while the Dow Jones Industrial Average rose 0.24% to 42,967.62 points.

Asian stocks fell, and investors rushed to the safety of havens such as Treasuries after Israel attacked Iran.

Japan’s Nikkei went down 1.41 percent, Hong Kong’s Hang Seng and the Taiwanese index increased 0.18 and 1.1 percent respectively.

STOCKS TODAY

NTPC

NTPC informed the exchanges that Unit-3 (660 MW) of the Barh Super Thermal Power Project, Stage-1 (3×660 MW) has completed its trial operation. Following this, the unit has been added to the installed capacity of NTPC Limited. With this addition, NTPC’s total installed capacity now stands at 60,926 MW on a standalone basis and 82,028 MW at the group level.

Jubiliant Food

Jubilant Group’s promoter Bhartia family, is likely to offload small stakes in the group’s listed firms through block deals, CNBC-Awaaz reported on June 12, citing sources. The channel reported that the promoter will sell 1.32 crore shares of Jubilant Food, 56 lakh shares of Jubilant Pharmov, and 1.2 crore shares of Jubilant Ingrevia.

HCL

The IT major announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services. The strategic collaboration will see the company support Volvo Cars’ engineering future ambitions from its automotive Centre of Excellence in Gothenburg and its global offshore and nearshore delivery centers.

Asian Paints

Around 3.50 crore equity shares of Asian Paints held by Reliance Industries Limited through Siddhant Commercials Limited have been sold today for Rs. 2,201 per share, leaving a balance of 87 lakh equity shares of Asian Paints with Siddhant Commercials.

SEPC

SEPC secured a Rs 650 crore solar EPC project under the PM-KUSUM scheme from Parmeshi Urja Ltd (India Power subsidiary) for a 133 MW solar project across four Maharashtra districts. The execution timeline is 12–18 months.

Source – Moneycontrol