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Stock Market Today | Share Market Highlights – Find here all the highlights related to Sensex, Nifty, BSE, NSE share prices and Indian stock markets for 9 June 2025.
Rupee rises against US dollar due to RBI rate cut, volatile trading session, and positive equity market trends.
Benchmark equity indices Sensex and Nifty closed higher for the fourth day in a row on Monday following a rally in global markets and upbeat investors’ sentiment after the RBI’s jumbo 50 basis points rate cut.
The 30-share BSE Sensex climbed 256.22 points or 0.31 per cent to settle at 82,445.21, driven by buying in bank stocks. During the day, it jumped 480.01 points or 0.58 per cent to 82,669.
The 50-share NSE Nifty surged 100.15 points or 0.40 per cent to 25,103.20.
Among Sensex stocks, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti, Bajaj Finserv and NTPC were the biggest gainers.
However, Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel and Bharti Airtel were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth ₹1,009.71 crore on Friday, according to exchange data.
Global oil benchmark Brent crude went up 0.30 per cent to $66.67 a barrel. (PTI)
Sensex settled 256.22 pts or 0.31% positive at 82,445.21, and Nifty 50 was up 100.15 pts or 0.4% to 25,103.20. All sectoral indices except realty end in positive territory.
Shares of Bajaj Finance soared 4% to hit a 52-week high on Friday after the NBFC announced record date as June 16, 2025, for 1:2 stock split and 4:1 bonus issue.
Nuvama Wealth Management reported consolidated net profit for the quarter ended March 2025 at ₹255.27 crore as against ₹180.74 crore in the corresponding quarter last year.
Board approved an interim dividend of ₹69 per share.
Shares soared 3.24% on the NSE to ₹7,604
Top gainers:
Jio Financial (+3.30%), Kotak Mahindra (+3.03%), Bajaj Finance (+2.55%), Trent (+2.32%), Axis Bank (+2.11%)
Top losers:
Eternal (-1.94%), ICICI Bank (-1.66%), Titan (-0.72%), M&M (-0.64%), Bharti Airtel (-0.30%)
Stocks advanced on BSE at 3 pm on June 9, 2025, were 2,765 against 1,395 stocks that declined, and 149 remained unchanged. Total stocks traded were 4,309. The number of stocks that recorded a 52-week high was 166, and those that hit a 52-week low was 43. A total of 344 stocks traded in the upper circuit, and 233 in the lower circuit.
“The offshore investor fraternity adopted a vigilant approach this week while investing in the India capital market. The Central Bank and the market regulator are leaving no stone unturned to bring the foreign market participants at ease while they view India as one amongst the preferred jurisdictions to invest from a long-term perspective.
Recently, the SEBI extended the implementation deadline by six months for key disclosure norms concerning ODIs and FPIs with segregated portfolios to provide additional time for smooth implementation.
Also, the recent reduction of repo rate by 50 basis points by the Central Bank and the recent steps to remove short-term investment limits and concentration limits for investments by FPIs in corporate debt securities are the welcomed. Currently, the regulations permit investments by any FPI, including investments by related FPIs, upto 50% of any issue of a corporate debt security. This move will surely provide much needed liquidity and penetration to the bond market and enhance the attractiveness of Indian – fixed-income instruments to overseas investors.
The aforesaid announcements indeed reinforce the confidence of investors in India’s regulatory framework by demonstrating a commitment to balanced and stable market reforms. By addressing stakeholder concerns on real time basis without compromising on the integrity of the reform’s agenda, SEBI has balanced out on both transparency and investor trust. This timely and thoughtful decision projects India as a responsible and investor-friendly market, aligning regulatory changes with global best practices.
All the other factors viz. solid economic fundamentals, supportive policy measures, and favourable corporate earnings chart have kept market sentiment buoyant, signalling a constructive outlook for the near term and encouraging sustained capital flows into Indian markets for the current quarter.
As global trade conditions improve due to the easing of tensions between the US and China and the resolution of the India-Pakistan conflict, the outlook for investment in India market is becoming more positive, supported by regulatory efforts aimed at fostering foreign investment.”
Greenpanel Industries Limited, India’s largest wood panel manufacturer, is pleased to announce the appointment of Mr. Himanshu Jindal as the company’s new Chief Financial Officer (CFO), effective June 2, 2025. Mr. Jindal will be based at the company’s corporate office in Gurugram and will report directly to the Managing Director & CEO, Mr. Shobhan Mittal.
A seasoned finance professional and a Chartered Accountant, Mr. Jindal brings over 23 years of diverse experience in finance leadership roles. Prior to joining Greenpanel, he served as CFO at Orient Bell Limited and DEN Networks Limited and has held key senior finance positions at Heidelberg Cement India Limited and Cargill India.
As part of the leadership transition, Mr. Vishwanathan Venkatramani, the outgoing CFO, will continue with the organization in a new role as President – Finance.
This leadership development marks a significant step forward in Greenpanel industries Ltd.’s journey towards sustained growth and financial excellence.
One Point One Solutions Limited (NSE: ONEPOINT), a publicly listed leader in Business Process Management (BPM) and digital transformation services, has announced the acquisition of a majority stake in TECHSCIENT.AI PRIVATE LIMITED, a next-generation AI-powered no-code automation firm specializing in autonomous software engineering. The strategic acquisition strengthens 1Point1’s AI-led automation capabilities and positions it as a key player in India’s digital transformation landscape.
TECHSCIENT.AI, is an AI-first deep-tech firm focused on no-code workflow automation, generative AI solutions, and intelligent process orchestration. Its proprietary platform enables enterprises to design, deploy, and scale AI-driven workflows without manual coding, enhancing operational efficiency across industries.
“With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation,” said Akshay Chhabra, Promoter & Director, 1Point1. “TECHSCIENT.AI’s autonomous AI capabilities represent a pioneering shift in BPM. By integrating their advanced solutions into our ecosystem, we are enabling enterprises to automate complex operations, optimise costs, and scale at unprecedented speed.”
TVS Motor Company (TVSM), a global leader in the two and three-wheeler segments, today unveiled the all new 2025 TVS Apache RTR 200 4V
Shares traded flat on the NSE at ₹2,743.80
Power & Instrumentation (Gujarat) has received work order for ₹1.32 crore for design, supply, Installation, Testing, commissioning of ELV raceways and cable tray Work at Udaipur Air Terminal, Rajasthan.
Stock traded at ₹167.99 on the NSE, down 2.93%.
Birla Estates Private Limited (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announced signing of agreements for an investment from International Finance Corporation (IFC), a member of the World Bank Group.
Aditya Birla Real Estate stock gained 4.55% on the NSE to ₹2,463.
Jio BlackRock Asset Management appoints executive team to drive operations, focusing on accessibility and affordability in India.
Surana Telecom and Power informed that 49% out of the total equity stake held by the company in Sunvibe Energy Private Limited is sold/divested to Baidyanath Power Private Limited effective from 09.06.2025 at a premium, conseqently Sunvibe Energy Private Limited ceased to be a Subsidiary Company.
Surana Telecom and Power stock traded flat on the NSE at ₹19.97.
TEMBO Defence, subsidiary of TEMBO Global Industries Limited (NSE: TEMBO), has received a comfort letter from the Maharashtra Industrial Development Corporation (MIDC) for the allocation of 100 acres of land in Amravati, near Nagpur, Maharashtra.
Shares of Multi Commodity Exchange of India Ltd (MCX) zoomed 7 per cent to hit a 52-week high on Monday. The share price movement follows SEBI’s approval to the commodity exchange on Friday to launch electricity derivatives.
Aluminium wire rods manufacturer Jainik Power Cables Ltd is aiming to raise ₹51.30 crore at upper price band through this IPO, with shares set to be listed on the NSE Emerge
Equity indices rise on RBI policies and global cues, with Sensex up 0.35% and Nifty 50 up 0.43%.
Jainik Power Cables Limited, is a manufacturer of aluminum wire rods, has proposed its plan to go public with an Initial Public Offering on June 09, 2025 (For Anchor Investor) and June 10, 2025 (For other than Anchor Investor). The company is aiming to raise Rs 51.30 Crores at upper price band through this IPO, with shares set to be listed on the NSE Emerge.
The issue size is 46,63,200 equity shares at a face value of Rs 10 each with a price band of Rs 100 – Rs 110 Per Share.
Equity Share Allocation
* Qualified Institutional Buyer – Up to 4,45,200 Equity Shares
* Non-Institutional Investors – Not less than 19,92,000 Equity Shares
* Retail Individual Investors – Not less than 19,92,000 Equity Shares
* Market Maker – Up to 2,34,000 Equity Shares
The net proceeds from the IPO will be utilised for setting up a plant, repayment of a portion of the loan availed by the Company, funding working capital requirements and general corporate purposes. The issue will close on June 12, 2025.
The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited, and The Registrar to the Issue is Skyline Financial Services Private Limited.
Mukta A2 Cinemas has launched its first-ever ‘Opulence’ premium format in Vadodara, bringing a brand-new level of luxury and comfort to the city’s movie lovers.
One Point One Solutions has announced the acquisition of a majority stake in TECHSCIENT.AI PRIVATE LIMITED.
Stock traded flat on the NSE at ₹67.32.
Bajaj Finance shares rose 2.80% on the NSE to ₹9,634, hitting intraday high of ₹9788. The company had announced record date for 1:2 stock split, 4:1 bonus issue. (June 16)
HDFC Bank Stocks & Share Price Live Updates: HDFC Bank trades flat, bank denies Lilavati Trust’s allegation against its MD and CEO Sashidhar Jagdishan
HDFC Bank stocks today, HDFC Bank share price live updates: HDFC Bank shares in focus today as it denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. The allegation levelled by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), its trustees and officials against the bank’s MD and CEO are baseless and malicious, an HDFC Bank’s spokesperson said. The Trust, which oversees Lilavati Hospital in Mumbai, had called upon the board of HDFC Bank, the RBI, SEBI and the Finance Ministry to suspend Jagdishan from all executive and board roles with immediate effect. An FIR was registered under orders of the Bombay Magistrate Court after a seized cash diary revealed ₹14.42 crore misappropriated by trustees, of which ₹2.05 crore was received by Jagdishan, establishing his direct involvement,” the Trust had alleged. Scroll down for more
HDFC Bank stocks today, HDFC Bank share price live updates: HDFC Bank shares in focus today as it denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. The allegation levelled by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), its trustees and officials against the bank’s MD and CEO are baseless and malicious, an HDFC Bank’s spokesperson said. The Trust, which oversees Lilavati Hospital in Mumbai, had called upon the board of HDFC Bank, the RBI, SEBI and the Finance Ministry to suspend Jagdishan from all executive and board roles with immediate effect. An FIR was registered under orders of the Bombay Magistrate Court after a seized cash diary revealed ₹14.42 crore misappropriated by trustees, of which ₹2.05 crore was received by Jagdishan, establishing his direct involvement,” the Trust had alleged. Scroll down for more
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, today announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs). This innovative offering provides instant approval with a risk-first approach and flexible repayment options.
Designed to address the credit needs of MSMEs with speed, convenience, and simplicity, Business Loan 24/7 offers a fully digital onboarding and approval journey through a Straight Through Processing (STP) model. This eliminates the need for branch visits or physical paperwork, delivering a user-friendly and secure experience across all touchpoints.
The offering leverages advanced analytics and a robust risk assessment framework, with an intended objective to enhance the evaluation of creditworthiness for self-employed and MSMEs. By using digitized information directly from the source, it strengthens risk assessment beyond conventional metrics, enabling responsible credit allocation to growth-ready enterprises.
Commenting on the launch, Mr. Arvind Kapil, MD & CEO, Poonawalla Fincorp, said: “We believe that with India’s $4 trillion economy, MSMEs will be one of the most robust credit growth segments over the next 10 years, and our assumptions are based on India’s strong financial infrastructure—credit bureau data, GST information, account aggregators, and strong risk analytics. This product, which we will gradually build into the portfolio in a sensible, risk-calibrated manner, will be an industry first, and we believe it will be a very strong and convenient offering for all good-quality MSMEs.”
Top gainers on the NSE as at 12 noon:
Kotak Mahindra (+2.98%), Bajaj Finance (+2.97%), Adani Enterprises (+2.41%), Axis Bank (+2.29%), Jio Financial (+1.97%)
Top losers:
ICICI Bank (-1.36%), Titan (-0.90%), HDFC Life (-0.72%), Eternal (-0.67%), M&M (-0.52%)
Stocks advanced on BSE at 12 noon on June 9, 2025, were 2,738 against 1,217 stocks that declined, and 204 remained unchanged. Total stocks traded were 4,159. The number of stocks that recorded a 52-week high was 143, and those that hit a 52-week low was 35. A total of 278 stocks traded in the upper circuit, and 196 in the lower circuit.
Goa Carbon informed that the operations at the Company’s Goa Unit located at St. Jose de Areal, Salcete-Goa has been temporarily shut down for maintenance work from today, 9th June 2025.
Future Generali India Life Insurance nears breakeven as individual new business premium rises 19% to ₹476 crore in FY25, with improved claim settlement ratio strengthening customer trust
Mumbai, June 9, 2025: Future Generali India Life Insurance (FGILI) today announced its business and financial performance for FY 2024–25. The Company’s total new business premium increased by 96% to ₹1,192 crore in FY25, up from ₹609 crore in FY24. While individual new business premium rose by 19% to ₹476 crore in FY25 from ₹398 crore in FY24, group new business premium increased by 240% to ₹716 crore in FY25 from ₹211 crore in FY24.
The gross written premium of the Company also marked an increase of 39% to ₹2,511 crore in FY25, up from ₹1,811 crore in FY24. The Company is nearing breakeven, reporting a loss of ₹6.4 crore only in FY25—down by 94% from ₹113.9 crore in FY24.
Moreover, the Company reinforced its commitment to policyholder satisfaction and financial security, with the claim settlement ratio for individual business rising to 98.08% in FY25, up from 96.08% in FY24. Similarly, the claim settlement ratio for group business increased to 99.78% in FY25 from 99.18% in FY24.
Renewal premiums also recorded a 10% year-on-year increase, reaching ₹1,318 crore in FY25 from ₹1,201 crore in FY24, reflecting the Company’s strong policyholder retention and sustained engagement.
The Company’s Assets Under Management (AUM) rose to ₹8,784 crore in FY25 as compared to ₹7958 crore in the previous fiscal year. This growth in AUM demonstrates the Company’s strong fund management capabilities and continued trust from policyholders.
The flagship Equity ULIP Fund—Future Midcap Fund has delivered over 33% CAGR returns over the last five years and holds a 4-star rating from Morningstar. Since its inception in November 2018, the fund has outperformed the benchmark by 2.9%, demonstrating consistent performance and strong returns.
The total sum assured in effect also increased by 9%, amounting to ₹1,61,595 crore, compared to FY24 at ₹1,47,781 crore. The Company has also expanded its distribution footprint by introducing new products, increasing operational units, and strengthening partnerships, ensuring broader market reach and enhanced accessibility for customers across diverse segments.
While commenting on the business achievements, Mr. Alok Rungta, MD & CEO at Future Generali India Life Insurance said “We are proud of the remarkable business growth achieved by Future Generali India Life Insurance Co. Ltd in FY25. With a customer-first mindset and strategic investments in technology and talent, we continue to create value for customers and stakeholders. This remarkable performance is a testament to our dedication to delivering transparent, efficient, and customer-first financial solutions, reinforcing our position as a trusted partner in securing financial futures. Building on this success, we remain focused on innovation, expanding product offerings, and deepening customer engagement to continue driving excellence in the insurance sector. We remain committed to simplifying life insurance for our customers and making it more accessible for everyone, while continuing to deliver value across our distribution channels.”
GRSE shares traded flat on the NSE at ₹3,253.40 after hitting a high of ₹3,418 in early trade.
Company had signed Memorandum of Understandings in Sweden and Denmark
JK Cement paid the consideration of ₹149.79 Crores (instead of 149.81 Crore) towards acquisition of 60% Equity Shares of Saifco Cements Pvt. Ltd.
Shares were down 1.52% on the NSE to ₹5,787.
L&T Finance Ltd. (LTF) announced the completion of the transfer of the gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. The acquisition includes PMFL’s 130 branches, approximately 700 employees, and business transfer of its gold loan book size of Rs. 1,350 Crore to LTF.
LTF shares were up 1.60% on the NSE to ₹192.82
Ericsson secures multi-year Managed Services deal with Bharti Airtel
Bharti Airtel shares traded flat on the NSE at ₹1,866.20.
Nifty Bank index opened the day with a wide gap-up and then has been staying stable after that. The index has been hovering around 57,000. It is currently trading at 56,960, up 0.68 per cent. The advances/declines ratio is at 11:1. This is very positive.
Nifty Bank Prediction Today – June 09, 2025: Go long now and accumulate on dips
Nifty Bank index opened the day with a wide gap-up and then has been staying stable after that. The index has been hovering around 57,000. It is currently trading at 56,960, up 0.68 per cent. The advances/declines ratio is at 11:1. This is very positive.
Nifty Bank index opened the day with a wide gap-up and then has been staying stable after that. The index has been hovering around 57,000. It is currently trading at 56,960, up 0.68 per cent. The advances/declines ratio is at 11:1. This is very positive.
Kalpataru Projects International secured new orders / notification of awards of approx. ₹3,789 crore.
Stock gained 3.92% on the NSE to ₹1,194.90
Silver has shot up by about 9% over the week, while gold is stabilising in a range. A dovish view from the Federal Reserve and lacklustre US economic data continued to fuel demand for safe-haven assets, pushing silver prices to their highest levels since February 2012. Moreover, technical buying above $35 supported the rally.
The demand for precious metals was boosted last week by rising US-China trade tensions and a declining US dollar, which helped silver prices. On Thursday, though, the market attitude changed when US President Trump and Chinese President Xi Jinping had a fruitful phone conversation that resulted in the two countries’ trade negotiations being resumed. Although silver’s attraction as a safe-haven diminished due to the change in mood, its demand as an industrial metal rose.
According to the U.S. Bureau of Labour Statistics, the nation created 139,000 new jobs in May, which was less than the average projection of a 125,000 increase but still higher than the 147,000 jobs added in April. At 4.2%, the unemployment rate remained stable. At first, the conflicting job figures did not affect gold prices. But the precious metal is currently suffering from mounting expectations that the Fed would stay on hold because of persistent inflation and sustained wage growth. Following a string of unsatisfactory indications, expectations for a September rate drop by the Fed have increased. The ongoing conflict between Tesla CEO Elon Musk and US President Donald Trump was sparked by the House of Representatives’ acceptance of the US debt ceiling increase.
Amid the current global unpredictability, central banks worldwide are buying gold at a never-before-seen rate, amassing almost 80 metric tons per month, which is worth about $8.5 billion at current prices. Only 6% of China’s reserves are currently made up of gold, compared to 75% for the US, Germany, France, and Italy. Analysts believe that the global average of 20% is a reasonable medium-term goal for central banks in emerging markets. As they move their reserves away from US dollar assets, central banks throughout the world plan to purchase 1000 metric tons of gold in 2025, the fourth consecutive year of such large purchases.
In the meantime, platinum saw an 11% increase last week as prices firmly surpassed $1150. The price of the precious metal has increased for the first time in three years.
Due to their continued substantial discount to gold, silver and platinum have both been receiving a lot of attention. Given that both metals are anticipated to experience severe supply shortages this year, investment demand is rising.
Fed speakers will not be on the US economic docket this week as they begin the blackout period leading up to the June 17–18 meeting. After the Producer Price Index (PPI) and the University of Michigan Consumer Sentiment, traders would be watching the CPI data. In contrast to a lower CPI that would drive gold prices higher, a hotter-than-expected CPI figure might strengthen the USD and further reduce Fed cut expectations, hitting gold.
Gold prices gave a breakout above the $3370 level last week and traded above $3400, but prices did not sustain above that level and are back in the consolidation range. This week, prices are expected to trade in the same range of $3220 (~₹94000) and $3375(~₹97500) in the near term.
Silver has finally given a breakout from its range – above $35 (~₹1,02,000) to trade at an all-time high of $36.5 (~₹1,06,000) at exchanges. The next target is $38 (~₹1,11,000) if this positive momentum continues.
Hyundai Motor stock surged 3.48% on the NSE to ₹1,925.90.
It had recently released ₹16.58 crore as 1st tranche towards subscription of 23,62,638 equity shares of FPEL TN Wind Farm Private Limited and shares have been allotted to the Company by way of Private Placement today i.e. 6 th June 2025.
JSW Steel reported consolidated Crude Steel production for the month of May’25 at 22.73 Lakh tonnes. The May month Consolidated Crude Steel production was higher by 8% YoY and the year-to-date growth in Crude Steel production was 13%.
Stock traded flat on the BSE at ₹1,007.65
Glenmark Pharmaceuticals Ltd. (Glenmark) has announced the upcoming launch of zanubrutinib in India following approval by the Drugs Controller General of India (DCGI).
Shares rose 1.18% on the BSE to ₹1,608.80
MCX shares soared 5.34% to ₹7,814 on the NSE as at 10.28 am, hitting a high of ₹7,845 from the previous close of ₹7,418.
It had received approval from SEBI to launch electricity derivatives.
Nifty 50 outlook is bullish with support at 25,070, resistance at 25,400, and potential rise to 25,500.
UPL shares traded flat on the NSE at ₹640.85.
Its associate company, Serra Bonita, plans to sell its entire assets for $125 million.
Rupee weakens as RBI rate cut narrows interest rate differential, with pressure from rising oil prices and dollar index.
Get a daily digest of key market news and events before trading starts, including IPO updates and analyst actions.
IEX (+6.27%), MCX (+5.33%), JBM Auto (+4.40%), IIFL (+3.72%), MGL (+3.56%)
Asian Paints Ltd: Final dividend of Rs 20.55 per share, with a record date of June 10.
Indian Bank: Final dividend of Rs 16.25 per share, with a record date of June 10.
Tata Investment Corp.: Final dividend of Rs 27 per share, with a record date of June 10.
Tata Elxsi Ltd.: Dividend of Rs 75 per share, with a record date of June 11.
ICICI Prudential Life Insurance Co.: Final dividend of Rs 0.85 per share, with a record date of June 12.
Tata Chemicals Ltd.: Final dividend of Rs 11 per share, with a record date of June 12.
Trent Ltd.: Final dividend of Rs 5 per share, with a record date of June 12.
ACC Ltd.: Final dividend of Rs. 7.5 per share, with a record date of June 13.
Adani Enterprises Ltd.: Final dividend of Rs 1.3 per share, with a record date of June 13.
Adani Ports and Special Economic Zone Ltd.: Final dividend of Rs 7 per share, with a record date of June 13.
Canara Bank: Final dividend of Rs 4 per share, with a record date of June 13.
Indegene Ltd.: Final dividend of Rs 2 per share, with a record date of June 13.
Piramal Enterprises Ltd.: Final dividend of Rs 11 per share, with a record date of June 13.
Power Finance Corporation Ltd.: Final dividend of Rs 2.05 per share, with a record date of June 13.
Ambuja Cements Ltd.: Dividend of Rs 2 per share, with a record date of June 13.
Adani Total Gas Ltd.: Dividend of Rs 0.25 per share, with a record date of June 13.
JM Financial Ltd.: Dividend of Rs 2.7 per share, with a record date of June 13.
Julius Baer Group predicts Indian stocks to reach new highs in second half, fueled by consumption recovery.
Larsen & Toubro’s Heavy Civil Infrastructure (HCI) business has secured a significant order (worth ₹1,000-2,500 cr) from JSW Energy for the execution of Bhavali Pumped Storage Project (PSP) in the state of Maharashtra.
Shares traded flat on the NSE at ₹3,681.10.
DEE Development Engineers has announced partnership with International Clean-Tech Partner, a globally recognised innovator in sustainable energy technologies.
Shares surged 4.07% on the NSE to ₹287.80.
HDFC Bank stocks today, HDFC Bank share price live updates: HDFC Bank shares in focus today as it denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. The allegation levelled by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), its trustees and officials against the bank’s MD and CEO are baseless and malicious, an HDFC Bank’s spokesperson said. The Trust, which oversees Lilavati Hospital in Mumbai, had called upon the board of HDFC Bank, the RBI, SEBI and the Finance Ministry to suspend Jagdishan from all executive and board roles with immediate effect. An FIR was registered under orders of the Bombay Magistrate Court after a seized cash diary revealed ₹14.42 crore misappropriated by trustees, of which ₹2.05 crore was received by Jagdishan, establishing his direct involvement,” the Trust had alleged. Scroll down for more
Indian companies' profit growth slowed in FY25 due to weak demand, low capex, and soft top-line performance, per Nuvama Research.
L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, announced the completion of the transfer of the gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. The acquisition includes PMFL’s 130 branches, approximately 700 employees, and business transfer of its gold loan book size of Rs. 1,350 Crore to LTF.
Earlier this calendar year, LTF had announced the proposed acquisition of gold loan business undertaking of PMFL, marking its entry into gold loan business. The gold loan franchise will be an addition to LTF’s portfolio of secured loan products.
Speaking on this occasion, Mr. Sudipta Roy, Managing Director & CEO of LTF said, “We are pleased to announce the completion of PMFL’s gold loan business acquisition. In-line with our five-pillar strategy of enhancing customer acquisition, we continuously endeavour to expand our existing product offerings in a synergistic and contiguous manner.
LTF has one of the largest rural franchises of approximately 1.6 crore rural customers and hence, this acquisition is a natural contiguous cross-sell product extension of our business. Our rural workforce of 20,000 feet-on-street will provide an immediate force multiplier, enabling active generation of gold loan leads within our existing customer base. This is a significant strength that sets us apart from the competition.”
“The gold loans business will fill a crucial gap in our portfolio, introducing a secured, high-yield product that will benefit both our rural and urban customers. This acquisition is not just about expanding our offerings; it’s about solidifying our position as a comprehensive financial partner for our customers across the country,” added Mr. Roy.
LTF’s entry into the gold loan business aligns seamlessly with the Company’s philosophy of risk-calibrated inorganic growth, fulfilling considerations such as addressing a critical capability gap, ensuring an easily integrable business model and people profile, and being available at attractive valuations.
Mr. Sat Paul Bansal, Chairman and Managing Director of PMFL said, “We are proud to have built a strong, compliant, and customer centric gold loan business undertaking and we believe that LTF is the ideal partner to take this legacy forward. We are confident that the customers and employees transitioning to LTF will continue to thrive under its leadership and expansive ecosystem.”
Top gainers on the NSE as at 9.28 am:
Kotak Mahindra (+2.15%), Jio Financial (+1.97%), Shriram Finance (+1.54%), Infosys (+1.36%), Bajaj Finance (+1.23%)
Top losers:
Bharti Airtel (-0.76%), SBI Life (-0.50%), Tata Steel (-0.37%), ICICI Bank (-0.36%), Eternal (-0.34%)
Crude oil futures traded marginally lower on Monday morning, even as the US and China were set to begin negotiations later in the day to ease trade tensions.
HDFC Bank has denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. The allegation levelled by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), its trustees and officials against the bank’s MD and CEO are baseless and malicious.
Stock traded flat on the NSE at ₹1,981 after opening at ₹1,995 from the previous close of ₹1,978.70.
NHPC recently declared Commercial Opeartion Date (COD) of 3rd phase of part capacity of 53.57 MW (w.e.f. 07.06.2025) of 300 MW Karnisar Solar Power Project, Bikaner.
Stock rose 1.95% on the NSE to ₹91.05
Narmadesh Brass Industries, subsidiary of Sprayking Limited (Formerly known as Sprayking Agro Equipment Limited), has received the export contract for procurement of Brass Billets amounting to approx. ₹52 Million.
Sprayking shares traded flat on the BSE at ₹6.42
MTAR Technologies receives ₹19.2 crore worth orders in Clean Energy and Aerospace sectors.
Shares rose 1.43% on the NSE to ₹1,796.
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, today announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs).
Shares up 1.56% on the NSE to ₹427.65
Stanley Lifestyles has opened a new Hybrid showroom – Stanley Boutique – Sofas & More in Surat, Gujarat.
Shares gained 1.23% on the NSE to ₹363.50
NTPC Limited has informed the Exchange about Declaration of COD of 193 MW out of 245 MW capacity at Plot-3 of NTPC’s Nokh Solar PV Project (3×245 MW).
NTPC shares traded flat on the NSE at ₹333.65
Sensex and Nifty surge after RBI rate cut, global rally; market optimism prevails despite earnings concerns.
Company: Orient Cement Ltd (ORIENTCEM)
Type of Offer: Acquisition
Acquirer: Ambuja Cement Ltd
Issue of Public Announcement: 22-Oct-2024
Offer price Rs: 395.40
CMP: Rs 353.85
(%Prem.)/Disc.: 10.60%
Offer Size : Rs 2,111 cr
Proposed Acq. No. of shares: 5.34 cr
Proposed Acq. : 26%
Schedule of Activity:
Start Date: 27 May 2025
End Date: 9 June 2025 (Today)
Settlement Date: 23 June 2025
Nomura
Expect CRR cut benefit to be higher for mid-sized bks (IIB, AU BK & FB) & Deposit-growth constrained large bks (AXIS & HDFCBK)
Jefferies
NIMs at fixed rate lenders ie. auto NBFCs (MMFS, CIFC), SBI Cards & gold NBFCs should surprise +vely
BAF, CIFC & SHFL top picks
Bernstein
Announcements as a major positive for banks (vs. NBFCs)
GS
1) Banks with higher loan-deposit ratios – Axis Bank & HDFC Bank
2) NBFCs with higher proportion of fixed rate assets – SBI Card, Shriram Fin & Chola Fin
3) Small-mid-sized bks such as AU/IndusInd/IDFC First
CITI
Sentiment-wise, +ve for HDFCB, AXSB.
Liquidity easing through CRR & sustainable durable liquidity benefits SHMF
UBS
+ve for mid cap banks (like AU Bk) & large bks (HDFCB, AXIS)
key Buy ideas in NBFCs- Chola & PFC
JPM on RBI Action
Rate cuts and liquidity front-loaded to boost transmission
Believes that the current policy rate of 5.50% is the terminal rate
RBI reduces inflation forecast from 4% to 3.7%
There are still modest downside risks to the inflation forecast
CLSA on India Economics
RBI delivered an above-consensus 50bps cut, repo now at 5.5%
RBI to cut CRR by 100bps in 4 tranches till November-2025, adding Rs 2.5trillion liquidity by December 2025
Emphasis on stimulating domestic demand and investment
FY26 real GDP at 6.5%, quarterly estimates in Q1,Q2,Q3,Q4 at 6.5%,6.7%,6.6%,6.3% respectively
GS on RBI Action
RBI has signaled the end of the easing cycle
Forecast headline inflation around 3.5% year-on-year in 2H CY25
Adverse base effects will likely drive inflation to ~4.5% by mid-CY26
RBI may not want the ex-ante real rate below 1% when the growth outlook is balanced
UBS on Market Strategy
Add HDFC bank to high conviction India Buy list
Bank has high loan to deposit ratio & should benefit from recent RBI measures
STK trades at 2.4x FY27E P/B
Also have ICICI Bank in high conviction list & trades at 2.7x FY27E P/B
High conviction picks in India include HDFC Bank, Hindustan Unilever, ICICI Bank, Interglobe Aviation, Sun Pharma, Trent & TVS Motors
Top Sells in India – Asian Paints, Bajaj Finance, Cummins India & Jubilant Foodworks
CITI on MGL
Buy, TP Rs 1700
What liked
1) Focus on vol growth by increasing pace of CNG infrastructure expansion & making targeted interventions in industrial segment
2) A c.55% share of oil-linked gas in MGL’s supply portfolio which should provide comfort
JPM on MGL
Neutral, TP Rs 1360
Analyst meet takeaways
2 key strategic choices
Specific efforts to drive vols, even at cost of margins
Focus on M&A for inorganic growth
Margins can come under pressure due to creeping gas cost increases as well, limiting near-term earnings
HSBC on Real Estate
FY26 should see a pickup in new launches & pre-sales momentum to continue, albeit impacted by high base
Healthy levels of unsold inventory & leverage combined with FCF momentum are pricing, stk momentum drivers
Maintain Buy – GPL, DLF, Sobha
Oberoi – Hold
HSBC on Interglobe Aviation
Buy, TP Rs 6650
Plausible network strategy, lower reliance on key but competitive routes; near monopoly on 66% of its capacity
Massive growth in int operations as huge market available at right price; lowest cost could get winner’s crown
Jefferies on Internet Sector
Overall Discounting Has Been Consistently Going Up Across Platforms
Higher Discounts Signaling Increased e-Grocery Competition
Monthly Active Users Continues To Grow Rapidly For Quick Commerce Players
Blinkit & JioMart Saw Accelerated Monthly Active User Growth, While Zepto Slowed Down
JioMart Topped App Downloads With Over 100% Growth
MS on Indian Steel
Domestic steel prices still at premium vs import parity
Expecting Imports to rise from here
China steel supply reforms have supported stock performance
Steel stocks are up YTD, fueled by strong domestic demand and interim import safeguard duties
Current steel prices and spreads are unsustainable
Nomura on Firstsource Solutions
Rating remains Buy with target price of Rs 390
Deal wins give strong growth visibility in FY26E
Company has achieved a USD1bn annual revenue run-rate a year ahead
Tech spends would rise on account of GEN AI
MS on JSW Energy
Overweight Rating, TP Rs608
Company announced commissioning of 281MW renewable energy capacity (215MW solar and 66MW wind), Total installed capacity now at 12.5GW
Signed a 25-year power purchase agreement with Adani Electricity Mumbai Ltd for 250MW wind energy at a tariff of Rs 3.65/kWh
The project is expected to be commissioned in 24 months
HAL: GE eyes engine deal for India’s stealth fighter, ramps up jet deliveries. GE is also increasing jet engine deliveries to Hindustan Aeronautics Ltd (HAL) for the Tejas Mark-1A fighter, addressing previous delays. (Supportive for HAL)
(in USD)
Actual: 103.22B
Expected: 101.10B
Previous: 96.18B
China Exports (YoY)
Actual: 4.8%
Expected: 5.0%
Previous: 8.1%
China Imports (May)
Actual: -2.10M
Previous: 0.80M
(China’s Trade balance improved on steep fall in the imports)
China: Factory-gate deflation hits 22-month low; exports likely slowed; forex reserves rose less than expected amid economic headwinds.
India: RBI delivers steepest rate cut in five years, expected to be last for 2025; rupee to be guided by portfolio flows and bond yield gap.
Japan: Q1 GDP contraction smaller than thought due to better consumption; household spending unexpectedly falls; BOJ urged to prioritize mandate over fiscal concerns.
United States: Job growth slows due to tariff uncertainty; money market inflows surge; equity funds see outflows over trade concerns.
Argentina: Reserves build-up stalls as dollar outflows rise.
Eurozone (ECB): Policymakers debate inflation risk and timing of rate cuts; some support minor easing.
United Kingdom: Government to announce crucial $3 trillion spending plan.
Germany: Exports and industrial output decline as pre-tariff boost fades.
Canada: May unemployment rate hits multi-year high.
Brazil: Central bank promises flexibility and caution ahead of rate decision.
Global/Asia: Asian shares climb; dollar eases on US-China trade hopes; gold drops as safe-haven demand fades.
Source: Reuters
RAILTEL CORP: CO BAGS RUPEES 243.1 CR ORDER FROM BIHAR EDUCATION PROJECT COUNCIL FOR SUPPLY OF STUDENT KITS ACROSS GOVT. SCHOOLS
NHPC: CO. COMMISSIONS 3RD PHASE OF 53.57 MW AT 300 MW KARNISAR SOLAR PROJECT IN BIKANER; TOTAL OPERATIONAL CAPACITY REACHES 160.71 MW
LTTS: BAGS DEAL TO SET UP OFFSHORE DEVELOPMENT CENTRE FOR US FIRM TENNANT
(SUPPORTIVE FOR STOCK PRICES)
MS on JSW Energy: Maintain Overweight on Company, target price at Rs 608/Sh (Positive)
Nomura on FSL: Maintain Buy on Company, target price at Rs 390/Sh (Positive)
HSBC on Indigo: Maintain Buy on Company, target price at Rs 6650/Sh (Positive)
Citi on MGL: Maintain Buy on Company, target price at Rs 1700/Sh (Positive)
HSBC on Real Estate: FY26 should see a pickup in new launches & pre-sales momentum to continue, albeit impacted by high base. Godrej Prop, DLF and Sobha top Buys (Positive)
UBS on India Strategy: Add HDFC bank to high conviction India Buy list Bank has high loan to deposit ratio & should benefit from recent RBI measures, Also have ICICI Bank in high conviction list & trades at 2.7x FY27E P/B (Positive)
Jefferies on Financials: RBI’s surprise rate, CRR cuts; names Bajaj Finance, Chola, Shriram Housing as top picks. (Positive)
MS on Financials: Final RBI norms positive for gold loan NBFCs; sees further upside for Muthoot and Manappuram. (Positive)
Citi on Financials: Impact of EBLR repricing will be more evident in Q2 than a lagged impact in Q3, wholesale & repo rate easing should benefit Shriram Finance (Positive)
MS on Kaynes: Maintain Equal weight on Company, target price at Rs 6155/Sh (Neutral)
JP Morgan on Kaynes: Maintain Neutral on Company, target price at Rs 1013/Sh (Neutral)
JP Morgan on MGL: Maintain Neutral on Company, target price at Rs 1360/Sh (Neutral)
Nuvama on MGL: Maintain Reduce on Company, target price at Rs 1224/Sh (Neutral)
🔹Record Date set as June 16, 2025 for 👇
🔹Stock Split: 1 equity share of ₹2 split into 2 shares of ₹1 each.
🔹Bonus Issue: 4 bonus shares for every 1 share held (post-split).
Indian markets set for positive open after RBI’s 50 bps rate cut; investors eye CPI, monsoon, FPI inflows, and global cues. Bullish F&O trends add momentum
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
“After buying equity for Rs 19860 crores in May FIIs have again turned sellers in early June with a sell figure of Rs 3565 crores in the cash market through 6th June. In sharp contrast to the FII selling DIIs have turned sustained buyers on all days of June so far with a cumulative buy figure of Rs 25510 crores. With FII selling getting completely eclipsed by DII buying, FIIs are likely to be on the back foot in the coming days.
FIIs have been consistently selling in the debt market too due to the low differential in bond yields between US and Indian bonds.
The unexpected monetary action from the RBI, combining a 50 bp repo rate cut with a 100 bp CRR cut, has boosted market sentiments significantly.
With growth prospects in the U.S. and China looking bleak, India stands out as a resilient economy which can deliver above 6% growth in FY26. The only concern is the high valuations which leave not much room for the rally to continue.”
Gold prices fell on Monday as a stronger-than-expected U.S. jobs report cooled expectations of interest rate cuts from the Federal Reserve, while optimism over easing trade tensions between U.S.-China weighed on the bullion’s safe-haven demand.
FUNDAMENTALS
* Spot gold fell 0.2% to $3,303.19 an ounce, as of 0056 GMT. U.S. gold futures fell 0.7% to $3,323.40.
Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund – on RBI rate cut
The MPC policy meeting today was as dovish as it could get, with the MPC delivering a bigger-than-expected 50 bps policy rate cut. More than the 50 bps rate cut, it was the 100 bps cut in CRR (in four equal tranches of 25 bps each beginning September 6, 2025) which came as a total surprise to the markets, as the RBI had already infused INR 7.40 lakh crore of liquidity through OMOs and FX swaps since January 2025.
As the markets were digesting these policy surprises, the monetary policy stance was changed back to “Neutral” from “Accommodative” after just one policy. (The monetary stance was changed from “Neutral” to “Accommodative” in the last MPC policy in April.) This change caught the bond market totally unaware.
The bigger-than-expected rate cut and the totally unexpected CRR cut were positive for the markets—at least for the shorter end of the yield curve—but the googly of changing the monetary policy stance and the comment in the monetary policy statement that “After having reduced the policy repo rate by 100 bps in quick succession since February 2025, under the current circumstances, monetary policy is left with very limited space to support growth” led the bond markets to believe that the rate-cutting cycle has effectively ended. The yield curve steepened further, with longer-duration yields edging higher.
The MPC’s decision to lower the policy rates was taken with a 4-1 majority. Further, the MPC lowered its inflation forecast for FY26 by 30 bps to 3.70% from 4.00%. The MPC statement, while giving the rationale for its decisions, noted that “Inflation has softened significantly over the last six months from above the tolerance band in October 2024 to well below the target, with signs of a broad-based moderation. The near-term and medium-term outlook now gives us the confidence of not only a durable alignment of headline inflation with the target of 4 percent, as exuded in the last meeting, but also the belief that during the year, it is likely to undershoot the target at the margin.”
On growth, the MPC retained its forecast for FY26 at 6.50%, and the MPC statement mentioned, “It is imperative to continue to stimulate domestic private consumption and investment through policy levers to step up the growth momentum. This changed growth-inflation dynamic calls for not only continuing with the policy easing but also frontloading the rate cuts to support growth.”
Thus, the MPC and RBI (through its liquidity-infusing measures) have unequivocally batted for supporting growth, with growing confidence that the inflation trajectory will evolve in line with projections.
Market Reaction:
Longer-duration bond yields rose in anticipation of the end of the rate-cutting cycle with today’s aggressive frontloading of monetary easing. The benchmark 10-year bond yield ended the day at 6.29%, up 4 bps from yesterday’s close, while yields were higher by 6–7 bps at the longer end of the yield curve (30 years and higher).
Money market yields (up to 12 months maturity) were lower by 15–30 bps, and yields in the up-to-5-year maturity segment were largely stable. The OIS curve also steepened, as the 1-year OIS was down 5 bps to 5.47%, while the 5-year OIS was higher by 7 bps.
We think the yield curve will continue to steepen further, as the clear message and intent from the RBI Governor and the MPC is that they will not only support growth but also provide a backstop in case of any external shock to growth. The focus of the monetary policy and RBI will be on effective and faster transmission of monetary policy by the banking sector so that the real sector continues to perform.
Our View: Yield Curve to Remain Steep:
The aggressive frontloading of monetary easing, along with the change in monetary policy stance from “Accommodative” to “Neutral,” has increased expectations in the bond market that the RBI/MPC are either at the end or near the end of the rate-cutting cycle.
While we believe the MPC will retain the status quo on policy rates over the next couple of quarters, further rate cuts cannot be ruled out if the growth trajectory does not pan out as per the RBI’s forecast.
Currently, the abundant liquidity and the attractive carry will be favourable for the shorter end (1–5 years) of the corporate bond curve, as spreads remain attractive in that segment. Some of the liquidity infused can be mopped up by the maturity of the short USD forward position of the RBI, though liquidity will remain in surplus and the SDF rate is likely to be the operational rate.
The RBI Governor, in the post-policy press conference, did not commit to the setting of the overnight call rate, but in our view, continuing with the SDF rate as the operational rate will be helpful in faster transmission, which is the real objective of the monetary policy currently.
We expect the yield curve to continue to steepen incrementally with elevated global bond yields and limited room for further monetary easing. The 10-year bond yield is likely to trade in a range of 6%–6.50% over the course of the next six months, with only a material downside to the growth and/or inflation outlook (which increases the prospects of further rate cuts) pushing the 10-year yield towards 6%.
Investors with a 12–18 month investment horizon can look at corporate bond funds, as we expect corporate bond spreads to narrow owing to abundant liquidity and attractive carry. Investors with an investment horizon of 6–12 months can consider money market funds, as yields can continue to drift lower in the 1-year segment of the curve.
7NR Retail Ltd Right Issue of Equity Shares
Nelco Ltd Dividend – Rs. – 1.00
Dishman Carbogen Amcis’s subsidiary, Carbogen Amcis AG
has announced a strategic co-investment of more than CHF
25 million with a long-standing Japanese customer to expand
manufacturing capabilities at its sites in Aarau and Neuland,
Switzerland.
GAIL has successfully berthed and discharged its first LNG vessel at the Dabhol LNG Terminal following the completion of the landmark Breakwater Project and which is a critical transformation that ensures safe and reliable LNG operations even during the Southwest monsoon.
The People’s Bank of China (PBOC) conducted a 7-day reverse repurchase operation, injecting 173.8 billion yuan into the financial system at an interest rate of 1.40%. The total amount of bids received and accepted both matched at 173.8 billion yuan, indicating full allocation of the offered liquidity. This move is part of the PBOC’s efforts to manage short-term liquidity and stabilize money market rates.
Central Bank of India acquired a 25.18% equity stake in Future Generali India Life Insurance Company Limited (FGILICL) for ₹57 crore through an insolvency resolution process. This acquisition, involving 65,43,80,439 shares, marks the bank’s entry into the life insurance sector. The transaction was approved by the Competition Commission of India (CCI), Reserve Bank of India (RBI), and Insurance Regulatory and Development Authority of India (IRDAI). FGILICL, established in 2006 and headquartered in Mumbai, offers a range of life insurance products and reported a gross written premium of ₹1,810.53 crore in FY24. Generali holds a 73.99% stake in FGILICL. The bank was the successful bidder for the stake previously held by debt-ridden Future Enterprises Ltd.
Bharat Electronics: Company and Tata Electronics have inked a MoU to advance India’s self-reliance in electronics and semiconductors. (Positive)
UPL: Advanta Seeds Part of UPL Group Brazil to Sell Serra Bonita Assets for $125 million (Positive)
GHV Infra: Company announced receipt of a work order for road construction in Mumbai, Maharashtra from GHV (India) Private Limited, valued at Rs 546 Cr. (Positive)
KEI Industries: Company announced that India Ratings and Research Private Limited has updated its credit ratings, Long-Term Bank Facilities: Upgraded to IND AA+ with Stable outlook. (Positive)
Azad Eng: Nomura picks stake worth Rs 66 crore in a block deal (Positive)
Tata Communications: Company Announces Tgn-Ia2 Subsea Cable Linking Singapore, Hong Kong, Japan to Enhance Connectivity (Positive)
Panorama Studios: Inflight LLP signed a 5-year exclusive Airborne Rights deal for 50 Hindi films with Digital 18 Media (Positive)
Kernex/KEC: Consortium awarded Rs. 182.81 crores contract by Western Railways for KAVACH 4.0 installation. (Positive)
IDFC First Bank: CCI allows Warburg Pincus to acquire up to 10% in Bank. (Positive)
JMG Corp: Company Partners with GERMI for Carbon Credits, ESG Advisory & Biochar Projects (Positive)
Afcons: Company received order worth of Rs 700 crore from Reliance Ind (Positive)
Lupin: Company gets tentative approval from U.S. FDA for Oxcarbazepine ER Tablets (Positive)
Nazara Technologies: Company acquires Smaaash Entertainment, invests Rs 126 crore (Positive)
SEAMEC: Company Secures Rs 18.51 Cr Offshore Vessel Charter Deal with Dubai-Based Mubarak Bridge (Positive)
Indo Borax: Company received an order from the Commissioner of Customs Mumbai, dropping a demand notice for Rs 10.57 Cr (Positive)
Infosys: Company receives closure from GST Intelligence on ₹32,403 crore pre-show cause notice (Positive)
GRSE: Company signs MoUs in Sweden and Denmark to boost marine systems, enter expedition cruise segment (Positive)
NOCIL/ Yasho Ind: India imposes new anti-dumping duties on vitamin and rubber chemical imports from China, Japan, and the EU (Positive)
IEX: Company’s electricity trade volume jumps 14% to 10,946 MU in May (Positive)
Delton Cables: Company announced the commencement of commercial production at its new Plant-III in Palwal, Haryana, and effective June 7, 2025. (Positive)
PNC Infratech: Company bags Rs 239.94 crore flyover project in Rajasthan from PWD. (Positive)
NTPC: Company announced the commercial operation of the first 250 MW unit of Tehri PSP (4×250 MW) by its subsidiary, THDC India Ltd, effective June 7, 2025 (Positive)
NIBE: Company secures Key DRDO Tech for Modular Bridging Systems in India (Positive)
M&M: Production also saw a significant 28% jump, totalling 89,626 units against 70,261 units a year ago. (Positive)
Hindustan Copper/ Rites: Signed MoU to establish a sustainable supply chain for metals and minerals, including critical minerals. (Positive)
RattanIndia Power: Company announced the resignation of Mr. Baliram Ratna Jadhav, Whole-time Director, and effective June 6, 2025. (Neutral)
Punjab National Bank: Bank announced the resignation of Shareholder Director Shri Jatinder Singh Bajaj, effective June 6, 2025. (Neutral)
Bikaji Foods: NCLT Approval of Scheme of Amalgamation of Vindhyawasini Sales with Company. (Neutral)
Manali Petrochemicals: Company appointed Dr. Sundar Saimani as Senior General Manager – Sales & Marketing and R&D, effective June 6, 2025. (Neutral)
Dalmia Bharat: Court Order for Rs 2.36 billion Incentives to company’s unit likely to be affected. (Neutral)
TVS Motor: Company Announces Sudarshan Venu as Chairman of the Company Effective August 25, 2025. (Neutral)
Hyundai Motor: Company has acquired a 26.13% stake in FPEL TN Wind Farm Private Limited. (Neutral)
National Aluminium: Company announced the appointment of Shri Abhay Kumar Behuria as Director (Finance) on its board,
* ABFRL
* CHAMBLFERT
* HINDCOPPER
* MANAPPURAM
Caseys General Stores, Inc (Post market) (Sector- Retail)
Woodside Energy, Inc (Tentative) (Sector- Energy)
07:00 CHINA CPI y/y (Expected: -0.2% versus Previous: -0.1%)
07:00 CHINA PPI y/y (Expected: -3.1% versus Previous: -2.7%)
Promoters plan to sell stake in Suzlon Energy, HDFC Bank denies fraud, Infosys GST case closed, Tata Steel project update.
🔸INDIA CPI AND IIP DATA (WEDNESDAY AND FRIDAY, JUNE 11 AND 13)
In India, the Consumer Price Index (CPI) and Index of Industrial Production (IIP) data releases will influence the Nifty 50 and Sensex. These metrics could affect expectations for the Reserve Bank of India’s (RBI) monetary policy, especially after its recent meeting.
🔸U.S. CONSUMER PRICE INDEX (CPI) REPORT (WEDNESDAY, JUNE 11)
The CPI report is a critical inflation gauge that could signal whether inflationary pressures are easing or persisting.
🔸U.S.CHINA TRADE TALKS (Monday, June 10)
Ongoing trade negotiations between the U.S. and China could create volatility, particularly if progress is made or tensions escalate. Market focus on trade policy, with Trump’s “Liberation Day” tariffs (set for July 9) still a concern. Positive developments could lift global equities, while setbacks may hit sectors like technology and consumer goods.
🔸GLOBAL CUES AND GEOPOLITICAL DEVELOPMENTS
Discussions at the G7 and NATO meetings, alongside trade negotiations and Middle East peace talks, could influence market sentiment. These events may affect defense stocks, oil prices, and safe-haven assets like gold, depending on outcomes.
🔸U.S. FEDERAL RESERVE SPEECHES AND COMMENTS (THROUGHOUT THE WEEK)
Several Federal Reserve officials are scheduled to speak during the week, and their remarks could provide insights into the Fed’s stance on interest rates and economic outlook.
# RBI has frontloaded rate-cuts and liquidity infusion by cutting repo rate by 50 bps (vs consensus expectation of 25bps) and CRR cut of 100 bps (vs no cut expected)
# Impact of repo cut – We had already built 100bps of cumulative repo cuts in this cycle. While a repo rate cut is negative for banks’ margins, given that the monetary policy stance has turned to Neutral from Accommodative, this just means that NIM pressure will be front-ended, with no change to our exit NIM forecast, ceteris paribas.
# Impact of CRR cut by 100bps (in four equal tranches of 25 bps each with effect from the fortnights beginning September 6, 2025) – This should release Rs2.5 trn of liquidity, improve NIM by 7-9 bps, ROA by 2-3 bps and PAT by 1.5-2% (refer to the table below)
# Loan growth – Frontloading of monetary easing implies nervousness regarding the GDP growth. While the expectation is that banks flush with more liquidity will want to lend more, we think that banking system loan growth at 9.8% yoy is unlikely to meaningfully accelerate (large corporates tapping capital markets vs. banks, slowdown in home loan growth, etc.). We expect the banking system loan growth of 11-11.5% in FY26.
# Net net, cumulative repo rate of 100bps in this financial year is in-line with our expectation, CRR cut is a positive and thus incrementally positive for banks. Mid-size private banks should likely be the bigger beneficiaries.
AFCONS: CO WINS ORDER WOH 7B RUPEES FROM RELIANCE INDUSTRIES.
GRSE: CO SIGNS MOUS IN SWEDEN AND DENMARK TO BOOST MARINE SYSTEMS, ENTER EXPEDITION CRUISE SEGMENT.
IMD forecasts a gradual rise in temperatures over next four to five days, with a heat wave likely to develop in parts of North, Central India.
LUPIN: CO RECEIVES TENTATIVE APPROVAL FROM U.S. FDA FOR OXCARBAZEPINE ER TABLETS
HINDUSTAN COPPER: CO SIGNS MOU WITH RITES TO STRENGTHEN SUSTAINABLE SUPPLY CHAIN FOR CRITICAL MINERALS.
Weekly snapshot: The Indian equity indices closed with gains as sentiment remained firm following Reserve Bank of India’s sharper than expected rate cuts during the policy meet.
Indices Performance: The Nifty 50 Index ended the week with a gain of 1.02 percent, while Nifty Midcap 100 closed with a gain of 2.77 percent while Nifty Small cap 100 with a gain of 3.91 percent during the same duration.
Weekly Fund-flow Activities: Over the week, FIIs have sold Rs 3665.9 crore worth of shares, while DIIs bought Rs 25513.4 crore worth of shares in the cash segment.
Macro Data: Macroeconomic data, including the U.S. retail inflation, U.S. prelim consumer sentiments, China’s macro announcements, and Indian retail inflation will be released next week.
Weekly Outlook: The market is likely to begin next week with a focus on precious closings from western markets, while a consolidation likely to occur at higher levels as domestic cues remain supportive for the sentiments.
The Reserve Bank of India (RBI) has rescheduled its Monetary Policy Committee (MPC) meeting for the financial year 2025-26 from August 5–7 to August 4–6, 2025, due to administrative exigencies, as announced on June 6, 2025.
The People’s Bank of China (PBOC) has been increasing its gold reserves for seven consecutive months, reaching 73.83 million ounces by the end of May 2025, up from 73.77 million ounces. Despite the slight increase in gold volume, the value of these reserves slightly decreased to $242 billion from $243.6 billion, likely due to a dip in global gold prices. Meanwhile, China’s foreign exchange (forex) reserves grew by $3.6 billion to $3.2852 trillion, reflecting overall reserve stability.
China’s actions reflect a strategic shift to strengthen its economic sovereignty and resilience against external shocks, such as U.S. tariffs or sanctions. By boosting gold reserves, the PBOC aims to diversify its portfolio, enhance the yuan’s credibility, and prepare for potential global financial instability. The steady forex reserve growth underscores China’s ability to maintain economic stability despite a complex global environment.
Company: ZFCVINDIA
Deal Value: ₹791.64 Cr
Shares Traded: 600,133
Price per Share: ₹13,628
Stock Movement: +2.19%
🔸 Seller
Wabco Asia Private Limited sold 600,133 shares.
🔸 Buyers (Mutual Funds & Institutions)
Nippon India MF
Kotak MF
Franklin Templeton MF
ICICI Prudential MF
HDFC Life
Aditya Birla Sun Life MF
UTI, Invesco, Edelweiss, Bandhan, Sundaram MF, and others
Goldman Sachs (Singapore), Societe Generale, Citigroup Global (Mauritius), Ghisallo Master Fund LP
🔸 Impact
Strong institutional demand signals growing confidence in ZFCVINDIA’s fundamentals and long-term prospects.
Shares Traded: ~48 lakh (7.4% equity)
Deal Value: ₹780 crore
Avg. Price: ₹1,640 (6.5% discount to previous close of ₹1,753.60)
Price Range: ₹1,582.4 – ₹1,698.3
No. of Deals: 31 on NSE
Volume: 25x above 30-day average
🔸 Market Impact
Stock fell up to 11% intraday; closed 6.38% lower at ₹1,641.70.
🔸 Key Buyer
Nomura India Investment Fund Mother Fund bought 4.11 lakh shares at ₹1,616.85.
Bajaj Finserv’s promoter entities—Bajaj Holdings and Jamnalal Sons Pvt. Ltd—executed a significant block deal, selling approximately 2.86 crore shares at ₹1,925 per share, totaling ₹5,506 crore.
06-06-2025
Key Details:
Sellers: Bajaj Holdings & Inv. (1.04 crore shares, 0.65%) and Jamnalal Sons Pvt. Ltd (1.82 crore shares, 1.14%).
Buyers: Notable institutional investors such as SBI Mutual Fund, Goldman Sachs, Morgan Stanley, Aditya Birla Sun Life Mutual Fund, and ICICI Prudential Mutual Fund participated in the transaction.
Stock Performance: Despite the large sale, Bajaj Finserv’s stock demonstrated resilience, closing at ₹1,988.70 on the BSE, up over 2% intraday.
DII Activity
* Buy: ₹22,522.51 Cr
* Sell: ₹13,180.03 Cr
• Net: ₹9,342.48 Cr
FII/FPI Activity
* Buy: ₹15,208.43 Cr
* Sell: ₹14,198.72 Cr
• Net: ₹1,009.71 Cr
Net Institutional Activity
• Net: ₹10,352.19 Cr
Actual: 139K
Expected: 132K
Previous: 177K
U.S. Unemployment Rate
Actual:4.2%
Expected: 4.2%
Previous: 4.2%
(Data seen supportive for US Dollar)
ASHOKA BUILDCON: CO RECEIVES STOP WORK ORDER FROM CIDCO ON RS 1,673 CR NAINA INFRA PROJECT FOLLOWING BOMBAY HC RULING (NEGATIVE FOR STOCK PRICE)
HUDCO: Company board has approved raising Rs. 750 crore via NCDs with a 6.52% interest rate, redeemable in 2026-28 (Positive for stock price)
KIRI INDUSTRIES: CO SIGNED AN AGREEMENT TO SELL A 37.57% STAKE IN DYSTAR TO LONGSHENG FOR $676.3M, WITH $20.3M POTENTIALLY PAYABLE. A MAJOR MILESTONE RESOLVED A LONG-STANDING ISSUE
Oil prices held on to last week’s gains early on Monday as investors waited for U.S.-China trade talks to be held in London later in the day.
Brent crude futures were flat at $66.47 a barrel at 0008 GMT. U.S. West Texas Intermediate crude was trading up 1 cent at $64.59.
The prospect of a U.S.-China trade deal supported prices as three of Donald Trump’s top aides were set to meet with counterparts in London on Monday for the first meeting of the U.S.-China economic and trade consultation mechanism. – Reuters
EIL's consultancy business drives profitability, with strong order inflow and long-term growth potential, despite near-term delays.
Hi-Tech Pipes shows strong growth potential with revenue and profit increases, capacity expansion, and new product offerings. Target price: ₹138.
Thematic and sectoral funds gain popularity with 101 new schemes in FY25, offering unique investment opportunities and risks.
Foreign Portfolio Investors (FPIs) in Indian markets saw $1.02 billion net outflows, marked by volatility and recovery amid global uncertainties.
Chennai-based Lalithaa Jewellery Mart plans to raise ₹1,700 crore through IPO for expansion, joining listed peers post listing.
Stock exchanges see surge in turnover as retail investors return, boosted by tax sops and RBI rate cuts.
Nifty 500 index rose 3.50% in May, driven by gains in key sectors, boosted by RBI's rate cut.
Last week, top Indian firms saw significant market valuation gains, led by Reliance Industries and HDFC Bank.
Dollar index stable, US 10Yr Treasury Yield surges, CPI data crucial, euro struggles, Indian Rupee mixed outlook.
Learn why traders should consider factors like price targets, stop losses, and rollover costs when deciding to rollover futures positions.
Stock analysis and outlook for Mastek, Prince Pipes, Go Digit General Insurance, and Gateway Distriparks with expert advice for investors.
Analysis and insights on Nifty 50 and Nifty Bank futures, with strategies for long positions and potential price movements.
Stock analysis and recommendations for Aditya Birla Fashion, IDFC First Bank, and Zydus Wellness for potential investors.
Nifty, Sensex, and Nifty Bank indices poised for bullish breakout after RBI rate cuts, with short-term targets outlined.
Published on June 9, 2025
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