Good morning!

The GIFT Nifty fell 0.1% to 24,985.50 as of 6:45 a.m., signalling a weak start to Indian equities.

Global markets turned cautious in early Asia hours after former US President Donald Trump called for the evacuation of Tehran, triggering renewed concerns of a broader conflict in the Middle East.

The comments, made during a social media post from the Group of Seven summit in Alberta, contrasted with Trump’s earlier suggestion that Iran was seeking a deal. It remained unclear what Trump was specifically referring to, but his remarks rattled sentiment that had briefly stabilised on hopes the Israel-Iran war would not escalate further.

Markets At Home Turf

The benchmark equity broke a two-session losing streak and closed higher on Monday. The NSE Nifty 50 ended 227.9 points or 0.92% higher at 24,946.5, while the BSE Sensex closed 677.55 points or 0.84% up at 81,796.15.

Foreign portfolio investors remained net sellers of Indian equities for the fourth straight session on Monday, offloading stocks worth Rs 2,287.69 crore, according to the provisional data from the National Stock Exchange. Domestic institutional investors continued to stay net buyers for the 22nd straight session as they obtained equities worth Rs 5,607.64 crore, the data showed.

Asian Market Cues

  • US futures fell 0.6%.

  • S&P 500 futures down 0.5%.

  • Japan’s Topix little changed; South Korean shares marginally higher.

  • Australia’s S&P/ASX 200 down 0.1%.

  • Euro Stoxx 50 futures up 0.9%.

Crude Oil Check

Oil prices rose on fears of supply disruption amid Trump’s call and Israel’s vow for more strikes.

  • WTI for July delivery up 2.1% to $73.28/barrel.

  • Brent for August up 1.78% to $74.53/barrel.

London Metal Exchange

  • Copper resumed gains, up 0.6% after a one-day pause.

  • Aluminium ended 0.4% higher.

  • Zinc rose 1.3%, snapping a three-day losing streak.

  • Lead closed 0.85% higher.

  • Nickel fell for the seventh straight session, down 0.4%.

Stocks To Watch

  • Zee Entertainment: The company approved the plan to raise Rs 2,237 crore from promoter entities via issuing 16.95 crore warrants at an issue price of Rs 132 per share. The warrants are proposed to be allotted to Altilis Technologies and Sunbright Mauritius Investments. With this, the promoter shareholding will go up to 18.39%.

  • Biocon: The company issued a QIP of Rs 4500 crore at a floor price of Rs 340.2 per share. The SEBI floor price is at a 5% discount to the Last closing price. Proceeds from the QIP are to be used to reduce debt. Goldman Sachs (India), Kotak Mahindra Capital, and BofA Securities India are the lead managers of the deal as per the term sheet accessed by NDTV Profit.

  • Vishal Mega Mart: Promoter Kedaara Capital via Samayat Services LLP to sell 10% stake in the company. The floor Price for the same is Rs 110 per share, 12% discount to the last closing price. The size of the block deal is Rs 5,057 crore as per the term sheet accessed by NDTV Profit.

  • Nazara Tech: The company allotted shares worth Rs 495 crore to Axana Estates at Rs 990 apiece on a preferential basis.

  • Tata Consultancy Services: The company partnered with the council of Europe Development Bank to transform reconciliation processes.

  • HCL Technologies: The company in its agreement with E.ON to accelerate product-based transformation.

  • Hyundai Motor India: The company commenced production of passenger vehicle engines at a Talegaon plant in Pune, Maharashtra.

  • Mphasis: The company is in an agreement with Sixfold to strengthen insurance underwriting capabilities.

  • State Bank of India: The bank’s shareholders approved raising funds in the current fiscal. The board proposed to raise $3 billion.

  • Hikal: The company successfully passed the Brazilian health regulatory agency’s GMP audit for the Jigani manufacturing unit in Bengaluru.

  • IIFL Finance: The company appointed former RBI deputy governor B P Kanungo as Independent Director.

  • Macrotech Developers: The government approved a change in the name of the company to Lodha developers.

  • Tanla Platforms: The company is set to spend up to Rs 175 crore on shares buyback via tender offer. The company buys back up to 20 lakh shares at Rs 875 apiece.

  • ICICI Bank: RBI approved the re-appointment of Sandeep Batra as Executive Director of the Bank for a period of two years from Dec. 23, 2025 to Dec. 22, 2027.

  • NTPC: The company will mull raising funds up to Rs 18,000 crore via bonds on June 21.

  • Imagicaa: The company incorporated a wholly owned subsidiary, IMAGICAA NEXT.

  • Jindal Steel and Power: The board approved the change in name of the company to ‘Jindal Steel’ from ‘Jindal Steel and Power.

  • Network18 Media and Investments: The company sells a 100% stake in arm Media18 Distribution Services to Prakhar Commercials for Rs 1 lakh.

  • Sona BLW Precision Forgings: The company is to be run by the management team under the current CEO until new chairman is elected. The board to meet in due course to elect a new chairman.

  • Strides Pharma Science: The company’s arm in share transfer agreement for divestment of its 100% stake in Strides CIS Cyprus to a third party for $100.

  • Heritage Foods: Heritage Novandie Foods became a subsidiary of the company post-acquisition.

  • Thirumalai Chemical: The company is set to consider a preferential issue in its board meeting on June 19.

IPO Offering

  • Oswal Pumps: The public issue was subscribed to 1.61 times on day 2. The bids were led by Qualified institutional investors (0.27 times), non-institutional investors (4.5 times), retail investors (1.12 times).

Block Deals

  • Asian Paints: ICICI Prudential Mutual Fund bought 85 lakh shares (0.88%) at Rs 2,207 apiece, while Siddhant Commercials sold 85 lakh shares (0.88%) at Rs 2,207 apiece.

  • Solara Active Pharma Sciences: Pronomz Ventures LLP bought 20 lakh shares (4.16%) at Rs 495 apiece, while Spiracca Ventures LLP sold 20 lakh shares (4.16%) at Rs 495 apiece.

Insider Trades

  • Man Infraconstruction: Promoter Parag K Shah bought 37,000 shares.

  • Insolation Energy: Promoter Vikas Jain HUF bought 2,000 shares.

  • HMA Agro Industries: Promoter Gulzar Ahmad sold 4.4 lakh shares

Trading Tweaks

  • Price Band change from 10% to 5%: Black Box, BLS E-Services, Camlin Fine Sciences, Godavari Biorefineries, Suven Life Sciences.

  • Price Band change from 20% to 5%: Bajel Projects, Balu Forge Industries, Centrum Capital, Hindustan Construction Company, Inox Green Energy Services, Interarch Building Solutions, Ramco Systems, Reliance Power, Schneider Electric Infrastructure, Shilpa Medicare, SKM Egg Products Export (India), Subex, Tata Teleservices (Maharashtra).

  • List of securities to be included from LT-ASM Framework:  Lumax Auto Technologies.

  • List of securities to be included from ST-ASM Framework: TCI Finance.

  • List of securities to be excluded from ST-ASM Framework: Lumax Auto Technologies, IFGL Refractories.

  • Ex- Dividend: Shankara Building Products, Hindustan Zinc.

  • Shares to Exit Anchor Lock-In: Vishal Mega Mart (56%), Sai Life Sciences (48%).

F&O Cues

  • Nifty June Futures up by 1.09% to 24,998 at a premium of 46 points.

  • Nifty June futures open interest down by 0.65%.

  • Nifty Options June 19 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 22,800.

  • Securities in ban period: Aditya Birla Fashion, Birlasoft, CDSL, Chambal Fertilisers, HUDCO, IREDA, Manappuram, RBL Bank, Titagarh.

Currency/Bond Update

  • The Indian rupee closed three paise stronger at 86.06 against the US dollar.

  • The yield on the benchmark 10-year government bond ended lower at 6.33%.

. Read more on Markets by NDTV Profit.Stock in the news, big brokerage calls and corporate actions, your complete guide for trading on Tuesday.  Read MoreMarkets, Business, Notifications 

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