Indian equity markets extended their winning streak for the fourth consecutive session, driven by positive global cues and sustained sector-wide buying. The Nifty reclaimed the psychological 24,000 mark and is now approaching the 100-day EMA near 24,150 level, with analysts noting that a sustained move above this zone could pave the way for an extension towards the 24,500 mark in the near term. GIFT Nifty futures were quoted at 24,067 at 12:06 PM, up 0.17% from the previous close, reflecting the positive sentiment. US President Donald Trump announced that a deal had been reached and he had authorised an end to the US naval blockade of Iranian ports in the Strait of Hormuz, easing concerns over global trade and energy supplies. Asia-Pacific markets traded higher early Monday, with South Korea's Kospi leading regional gains, rising more than 4 per cent, while Japan's Nikkei 225 advanced 3.51 per cent and Australia's benchmark S&P/ASX 200 was up 1.49 per cent. On the downside, the 23,800-23,900 region is expected to provide immediate support in the event of any profit-taking, followed by the 23,650 level as the next key support level.
Several companies are set to be in focus on June 17, with Krishna Institute of Medical Sciences leading the announcements. According to reports, the company's Board of Directors has approved the preferential allotment of 77.02 lakh warrants worth ₹600 crore to the promoter group at an issue price of ₹779 per warrant and approved convening an Extraordinary General Meeting on July 9. Meanwhile, Dr Reddy's Laboratories has announced the launch of Bosutinib Tablets 400 mg, a generic equivalent of Bosulif, in the United States, with the product eligible for 180 days of generic drug exclusivity and targeting the $253.8 million Bosulif brand market. The Hyderabad-based pharma company announced in an exchange filing that its Bosutinib Tablets are used in the treatment of Chronic Myeloid Leukaemia (CML). Meesho has approved the acquisition of 100% stake in Singapore-incorporated Kirana Club Pte Ltd and its Indian subsidiary, Retail Pulse Labs Pvt Ltd (RPLPL) for an aggregate consideration of ₹202.08 crore in three tranches on or before March 31, 2027. Ashoka Buildcon has received a Letter of Acceptance from the Chhattisgarh State Industrial Development Corporation for developing a Gems & Jewellery Park in Raipur under the Public-Private Partnership model, with an accepted premium amount of ₹112.40 crore.
NLC India has secured significant infrastructure developments, including the declaration as the preferred bidder for the Govindpur Vanadium, Titanium & Aluminous Laterite Block in Sangareddy, Telangana, following the Critical & Strategic Mineral Blocks e-auction conducted by the Ministry of Mines on June 12. As reported, the company has also received a Letter of Acceptance from the Chhattisgarh State Industrial Development Corporation for developing a Gems & Jewellery Park in Raipur under the Public-Private Partnership model, with an accepted premium amount of ₹112.40 crore. Additionally, JSW Energy has signed a definitive agreement to acquire 100 percent equity shares of Maruti Clean Coal and Power for ₹1,410 crore, which owns and operates a 300 MW thermal power project in Chhattisgarh. JSW Neo Energy Ltd, the company's wholly owned subsidiary, has also commissioned the full 150 MW capacity of the Tidong Power Generation Private Ltd hydroelectric project in Himachal Pradesh, with this commissioning increasing JSW Energy's total installed capacity to approximately 13,900 MW.
Power Grid Corporation of India has been declared the successful bidder for establishing the Inter-State Transmission System (ISTS) for proposed green hydrogen and green ammonia projects in the Kakinada area (Phase I) on a Build, Own, Operate and Transfer basis. According to reports, the project includes the establishment of a new 765/400 kV GIS substation, along with STATCOM and 765 kV transmission line works in Andhra Pradesh. Meanwhile, Hindustan Petroleum Corporation has recommended a final dividend of ₹19.25 per share for FY 2025-26 with a record date of August 14, 2026. The company has also announced the acquisition of Kirana Club for ₹202.08 crore in three tranches, with the platform becoming a wholly owned subsidiary. ONGC has approved a proposal for its subsidiary ONGC Petro additions Ltd (OPaL) to raise up to ₹4,471 crore through private placement of non-convertible debentures (NCDs).
IFCI shares are expected to be in focus as the NSE filed its draft IPO papers with market regulator Sebi this week. The stock has soared more than 51% in just one month, driven by the fact that IFCI owns a 52.86% stake in Stock Holding Corporation of India (SHCIL), which in turn, holds 4.4% of NSE as of the December quarter. Tata Motors is in focus as Jaguar Land Rover projected a sharp turnaround, guiding for 13% revenue growth and a swing back to profitability in financial year 2027 after a tough FY26 when a cyberattack forced a month-long production shutdown and US tariffs hit volumes. General Insurance Corporation of India (GIC Re) announced the appointment of Hitesh Rameshchandra Joshi as its Chairman-cum-Managing Director (CMD), who officially took over charges on June 16. HFCL has bagged an order worth ₹2,666 crore from Rail Vikas Nigam Ltd to supply equipment for the BharatNet Phase-3 project, in addition to the earlier contract of ₹2,167.65 crore awarded in January.
