GIFT Nifty is indicating a positive start for domestic benchmarks today, trading 42.00 points higher as of latest data. This follows Wednesday's session where the Sensex rose 790.54 points or 1.04% to 76,991.22 and the Nifty 50 index gained 197.55 points or 0.83% to 24,021.65, reclaiming the 24,000 mark. The Nifty 50 had dropped 278.80 points or 1.16% to close at 23,824.10 in the previous session, showing strong recovery momentum.
IRFC will see the government sell up to 2% stake through an offer for sale starting Wednesday, as reported by Business Standard. Yes Bank's board will meet on June 29 to decide on fundraising through equity securities via private placement or preferential issue. Honasa Consumer is acquiring 58% stake in Fluence Pharma at ₹135 crore enterprise value to enter the health and wellness supplements market. GTPL Hathway will acquire cable TV business from ACT Group for ₹36.23 crore to expand operations.
Tata Power has been mandated to run its 4,150 MW Mundra plant at full capacity for three more months till September, according to Business Standard. Ola Electric's wholly-owned arm OCT received BIS certification for indigenously developed LFP 46100 cylindrical cell. Tata Motors PV announced ₹40,000 crore capex over next five years and aims for 20% domestic market share by FY31. NLC India and IOCL formed a joint venture for developing green energy projects in Tamil Nadu.
City Union Bank approved plans to raise up to ₹500 crore through QIP, as reported by Business Standard. Rajesh Exports faced ED searches at Bengaluru and Mumbai premises under FEMA scrutiny. Bajaj Auto reported a ransomware attack on Tuesday impacting systems, with the company initiating mitigation protocols. PFC raised $300 million via USD-denominated bonds with 5-year tenor at 105 basis points over US Treasury.
Overnight US markets closed lower with Nasdaq and S&P 500 falling 2.21% and 1.44% respectively, reaching more than one-week lows, according to Business Standard. Oil prices extended their decline with Brent crude futures dipping 0.5% to $73.34 per barrel and WTI crude falling 0.38% to $70.07 per barrel, easing supply concerns. Asian markets edged higher following strong earnings from chip giants Micron and Qualcomm, with S&P 500 futures and Nasdaq 100 futures climbing 0.5% and 1.9% respectively. Foreign portfolio investors (FPIs) sold shares worth ₹1,843.40 crore while domestic institutional investors (DIIs) were net sellers to the tune of ₹3,637.26 crore on June 24, 2026.
