Indian equity benchmarks, the Sensex and Nifty 50, are expected to start Friday's session on a firm footing, supported by upbeat global market sentiment after fresh signs of progress in diplomatic talks between the United States and Iran. Investor confidence improved after US President Donald Trump withdrew plans for military action against Iran, fuelling hopes of a potential peace agreement. As reported by LiveMint, Asian equities rallied sharply, while US markets witnessed a strong overnight surge, with the three major Wall Street indices posting their biggest single-day gains since 8 April.
Domestic benchmark indices opened sharply lower on Thursday, tracking weak cues from global markets amid escalating tensions between the US and Iran, which pushed crude oil prices higher. At 9:17 am, the BSE Sensex declined 401.37 points, or 0.54%, to 73,581.81, after falling as much as 464 points in early trade, while the NSE Nifty was down 138.85 points, or 0.60%, to 23,076.10, briefly touching a low of 23,072.05. According to Business Today, HCL Technologies declined 2.37% to ₹1,105.20, while Infosys slipped 2.01%, with M&M, Eternal and Trent dropping 1.38%, 1.31% and 1.26% respectively. In the previous session on Wednesday, the Sensex gained 64.42 points, or 0.09%, to settle at 73,983.18, while the Nifty edged down 27.15 points, or 0.12%, to close at 23,214.95.
Vedanta Ltd will see four demerged entities — Vedanta Aluminium Metal Ltd (VAML), Vedanta Power Ltd (VEDPOWER), Vedanta Iron and Steel Ltd (VISL), and Vedanta Oil and Gas Ltd (VOGL) — debut on the NSE and BSE on June 15. As reported by LiveMint, the listings mark a key milestone in the group's restructuring exercise aimed at unlocking shareholder value. Vedanta has announced plans to raise up to ₹2,575 crore through debentures to enhance funding avenues and strengthen its balance sheet, as part of a broader strategy to refinance existing debt and reduce borrowing costs. Infosys has completed a pilot assessment of the CMMI AI Maturity (AIM) Framework, developed by the CMMI Institute to evaluate AI deployment and governance across its delivery centres and service lines.
Lenskart witnessed significant institutional activity with global funds including Goldman Sachs and Morgan Stanley acquiring a 2.3% stake worth ₹1,960 crore. According to ET Now, the National Pension System Trust purchased 50.6 lakh shares valued at ₹248 crore, with other buyers including Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund, and HDFC Life Insurance. GNG Electronics saw promoter entity Vidhi S Khandelwal offload 44.87 lakh shares, representing a 3.94% stake, for approximately ₹175 crore at an average price of ₹390 per share. Adani Enterprises has made headlines with its acquisition of a 49% stake in Adani Easysoft Smart Solutions through AdaniConneX, while AdaniConneX also acquired 100% stake in Madhuvanti Build Estate from Adani Infra to support its growing digital infrastructure business.
Cipla received a positive regulatory update as the US FDA classified its Goa manufacturing facility as Voluntary Action Indicated (VAI), signaling no major compliance concerns. As reported by LiveMint, IRCTC appointed Rajneesh Narain as Director (Finance) with immediate effect, while SBI saw the government appoint Sanjay Lohiya as a Director on the board with immediate effect. Sagility completed the acquisition of US-based healthcare analytics company CareSeed for up to $30 million, comprising an upfront payment of $17.5 million and contingent consideration of up to $12.5 million.
