Indian equity markets are expected to open sharply lower on Wednesday as geopolitical tensions between the US and Iran intensified. US Secretary of State Marco Rubio said on Tuesday that Iran had mined large segments of the Strait of Hormuz — a development that rattled investor sentiment. At 7:37 AM, GIFT Nifty futures were trading 119 points lower at 23,485. Asian markets showed mixed performance with Japan's Nikkei hitting a record high, surging over 2%, while mainland China's CSI 300 gained 0.79% and Hong Kong's Hang Seng declined 0.8%. Overnight, Wall Street notched fresh record closes with the Dow Jones advancing 0.45%, while the S&P 500 and Nasdaq gained 0.13% and 0.03% respectively.
Infosys announced the expansion of its strategic collaboration with DNB Bank ASA, Norway's largest bank, to modernize its Financial Crime (FinCrime) operations using the NICE Actimize X-Sight Enterprise platform. The collaboration will help DNB transform fragmented, legacy systems into a unified, intelligence-driven, cloud-native platform that enhances risk insights, improves detection accuracy, and strengthens multi-jurisdiction regulatory compliance. Meanwhile, Vedanta faced intensified regulatory scrutiny as the Enforcement Directorate conducted searches against the Vedanta Group as part of a probe under the Foreign Exchange Management Act (FEMA). The company is fully cooperating with authorities and is furnishing all requested information.
Alkem Laboratories witnessed significant block deals worth about ₹929.87 crore on Tuesday, with promoter family entities selling shares to a clutch of domestic mutual funds and foreign institutional investors. According to NSE block deal data, a total of 17.88 lakh shares representing a 1.49% stake were offloaded at ₹5,200 apiece. Canara Bank approved a significant capital-raising plan of up to ₹8,500 crore through debt instruments in FY27 to strengthen its capital base and support business growth. The PSU bank will raise up to ₹4,500 crore via Basel III-compliant Additional Tier I Bonds and up to ₹4,000 crore through Tier II Bonds, subject to market conditions and regulatory approvals. Following the stake sale, Jayanti Sinha, part of the promoter group of Alkem Laboratories, has exited the firm, with promoter holdings dropping to 49.71% from 51.20%.
Concord Biotech received US FDA approval for its ANDA for Mycophenolate Mofetil for Oral Suspension USP, used in organ-rejection prophylaxis with an estimated US market size of USD 30 million. The company's manufacturing facility in Palghar, Maharashtra, also received an Inspection Closure Report from the World Health Organization confirming compliance with Good Manufacturing Practices standards. Additionally, Shelter Pharma secured the Renewal Manufacturing Licence (Form 25D) for its Himatnagar unit from the Food & Drugs Control Administration (Ayurved), Government of Gujarat, for the manufacture of Ayurvedic products. Bliss GVS Pharma's manufacturing facility in Palghar, Maharashtra, has received an Inspection Closure Report from the World Health Organization confirming compliance with Good Manufacturing Practices standards.
John Cockerill India received a significant order worth approximately ₹1,250-1,300 crore from JSW Vijayanagar Metallics for establishing a Cold Rolled Non-Oriented (CRNO) steel project, positioning the company at the heart of energy transition as CRNO steel is vital for electric vehicle motors and energy-efficient transformers. Advait BESS Bhesaan Private Ltd, a subsidiary of Advait Energy Transitions, signed a 150 MW/300 MWh battery energy storage purchase agreement with GUVNL for 12 years, backed by Viability Gap Funding. Magellanic Cloud's subsidiary Provigil Surveillance received a ₹4.31 crore contract from South Western Railway for CCTV installation at 75 non-interlocked manned level crossing gates across the Hubli Division.
Adani Ports handled cargo volume of 48.3 MMT in May 2026, registering 16% year-on-year growth, led by liquids and containers, though logistics rail volume declined 19% YoY to 48,170 TEUs. During the month, the company's handled cargo volume was led by liquids (+33% YoY) and containers (+17% YoY). The YTD till May cargo volumes stood at 91.4 MMT cargo (+15% YoY), led by containers. NHPC received positive news as the government exercised the oversubscription option, increasing the total offer size to 6% stake, or 60.3 crore shares in the ongoing OFS. The government's Offer for Sale in NHPC was oversubscribed 3.47 times on the first day of bidding for non-retail investors, with the total stake on offer raised to 6% from the original 3%.
