Indian equity markets are expected to open on a subdued note on Wednesday amid mixed global cues. According to reports from Business Standard, Gift Nifty futures were trading at 24,023, up 22 points from the previous close as of 6:55 AM. The muted start comes as investors remain watchful ahead of the US Federal Reserve's interest rate decision scheduled for later in the day.
Asian markets traded lower on Wednesday, with South Korea's Kospi leading the losses at 1.02% decline. According to Business Standard, Japan's Nikkei 225 fell 0.20% while Australia's S&P/ASX 200 slipped 0.17%. Overnight in the US, the technology-heavy Nasdaq Composite and broader S&P 500 ended lower as technology stocks came under pressure, while the Dow Jones Industrial Average notched its second consecutive record closing high.
Wipro has launched an Applied AI Centre of Excellence (CoE) for Claude models powered by Anthropic, operating under the company's newly formed AI-Native Business & Platforms Unit. As reported by Business Standard, HDFC Bank's GIFT City IFSC Banking Unit completed issuance of a $750 million senior unsecured bond. Power Grid Corporation emerged as successful bidder for the Inter-State Transmission System project under the Tariff-Based Competitive Bidding process.
DOMS Industries faces a significant stake sale as Italian stationery maker FILA is likely to sell up to 7% stake through block deals with floor price fixed at ₹2,100 per share, estimated transaction size of ₹892 crore. According to Business Standard, Bank of Maharashtra revised MCLR rates with six-month MCLR increased to 8.80% and one-year MCLR raised to 8.95% effective June 17, 2026. Krishna Institute of Medical Sciences launched its QIP issue with floor price fixed at ₹771.73 per share.
HDFC Bank has declared a final dividend of ₹13 per share, with shares set to trade ex-dividend on June 19. The bank reported net interest income of ₹1.23 lakh crore and net profit of ₹70,792 crore for FY26, with total advances exceeding ₹26 lakh crore. Tata Communications announced a final dividend of ₹17.50 per share with June 19 ex-dividend date, reporting revenue of over ₹24,000 crore and net profit of around ₹1,700 crore for FY26. Tata Technologies declared a final dividend of ₹8.35 per share plus special dividend of ₹3.35 per share, trading ex-dividend on June 18 with revenue of around ₹5,300 crore.
