Nifty 50 traded 0.7% lower and Sensex went down 0.4% at pre-open as global markets faced significant pressure. Gift Nifty futures traded 0.6% lower, signaling a weak start for Indian markets. The weakness was driven by oil prices surging above $94 per barrel amid Iran-US tensions and escalating Middle East conflicts. Brent crude climbed about 1.5% following Iran's announcement of closing the Strait of Hormuz after fresh U.S. military strikes, stoking fears of supply disruptions in one of the world's most critical oil transit routes.
Dabur India faces regulatory challenges as the US FDA has issued Import Alert (IA) 66-40 for drugs manufactured at the company's Silvassa plant following an inspection that identified deficiencies related to data integrity and maintenance lapses. According to reports, the company received inspectional observations and submitted appropriate responses to the US FDA. The FDA's review of the company's responses and the Establishment Inspection Report (EIR) led to the issuance of the import alert for the manufacturing facility, with the alert restricting the entry of affected products into the US market.
Vedanta subsidiaries—Vedanta Oil and Gas, Vedanta Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel—are set to list their shares on stock exchanges on June 15. As reported, these subsidiaries will make their market debut on the exchanges, marking a significant development for the Vedanta group's public market presence across multiple sectors. The companies will participate in a special pre-open session for newly listed firms before regular trading begins on both NSE and BSE.
Lenskart Solutions witnessed a significant block deal transaction with Platinum Jasmine A 2018 Trust selling 4 crore equity shares representing a 2.3 percent stake for ₹1,960 crore at ₹490 per share. According to reports, the transaction involved 19 global and domestic investors, including major institutional players such as Kotak Mahindra Asset Management, Morgan Stanley, Goldman Sachs, and Franklin Templeton Mutual Fund. Kotak Mahindra MF bought 1.2 crore shares worth ₹591 crore, while Canara Robeco MF purchased 32 lakh shares for ₹158 crore and the National Pension System Trust acquired 50.6 lakh shares worth ₹248 crore. Additionally, promoter Vidhi S. Khandelwal sold 44.87 lakh shares (3.93 percent stake) to eight investors at ₹390 per share.
Zee Entertainment Enterprises announced plans to raise up to ₹2,300 crore in fundraising activities. Meanwhile, Happiest Minds Technologies unveiled its Rel(AI)Build, its proprietary Agentic AI development platform, along with the Agentic Development Lifecycle (ADLC), a framework aimed at embedding artificial intelligence across the entire software development lifecycle. The company said the platform and methodology are designed to help enterprises accelerate software development, improve productivity, and enable AI-driven automation throughout the development process. Additionally, Infosys has completed a pilot assessment of the CMMI AI Maturity (AIM) Framework, a model developed by the CMMI Institute to evaluate AI deployment and governance across AI-enabled software development, maintenance, testing, and support across Infosys's service lines and delivery centers.
Several companies are trading ex-dividend today, including Tata Steel, Tata Motors, Trent, Voltas, ACC, Adani Enterprises, Adani Ports and Special Economic Zone, ICICI Prudential Asset Management Company, Ambuja Cements, and Adani Total Gas. According to reports, Hexagon Nutrition is making its mainboard listing debut, while GenXAI Analytics is listing on the SME platform. The market activity reflects ongoing corporate developments and investor interest across various sectors, with Asian equities falling sharply as investors rushed to reduce exposure to risk assets amid escalating geopolitical tensions.
