Stock Market Today: Nifty, Sensex Fall At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.08% or 21 points down at 24,812.60, and the BSE Sensex was trading 0.20% or 167.33 points lower at 81,465.69.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat 6.24%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 16 paise stronger at 85.37 against US Dollar

  • It closed at 85.53 a dollar on Thursday.

Source: Bloomberg

Stock Market Live Update: Kotak Securities On Ola Electric 

  • Downgrade to Sell with a revised FV of Rs 30 from Rs 50 earlier

  • High warrant costs drags EBITDA lower below expectations

  • Company reported Free Cash Flow outflow of Rs35 bn in FY2025

  • Expect Ebitda losses to continue amid weakening brand equity and increased competitive intensity.

  • Ola Electric’s future hinges on scaling up volumes and successful motorcycle foray

  • Motorcycle foray faces executive and credibility challenges

  • Cut FY2026-27E volume assumptions by 32-34%

  • Company needs to scale up its volume to avoid a looming cash crunch

NDTV Profit Exclusive: SEBI Exploring Prioritising Internal Promotions For ED Appointment

  • SEBI Exploring Prioritising Internal Promotions for ED appointment

  • Applicable service rules allow external hires only if no internal fit.

  • Rules provide for 11 ED posts, including 3 available on contractual/ deputation basis

  • SEBI board may also discuss the issue in the June 18 meeting.

  • Employee association has pushed to fill ED posts internally first.

  • One ED post vacant for 2+ years due to no suitable external candidate, source said.

Source: People In The Know

Stock Market Live Update: Berstein Upgrades Delhivery To Outperform 

Upgrade to Outperform from Market-perform; cut target price to Rs 430 from Rs 450

Delhivery: Signs of a recovery

  • See potential tailwinds from industry consolidation, and resilience in traditional logistics volumes

  • Raise EBITDA by 1-2% over FY26-27

  • But temper long-term expectations given quick commerce impact and mixed execution track record

  • Call is momentum-led, not a full reversion to the earlier growth narrative

  • Valuation reflects some optimism, but near-term catalysts should help

Asia Market Update: Nikkei & Hang Seng Fall Over 1% As Risk-Off Sentiment Soars 

Share indices across Asia-Pacific were trading lower with the Nikkei 225 and Hang Seng falling over 1% as risk-off sentiment soared on worries over US economy.

Apart from ongoing uncertainty over US President Donald Trump’s tariff from the judicial front, weak economic data, rising jobless claims fuelled worries about the fate of US economy.

Moreover, Tokyo inflation rose the most in two years, as reported by Bloomberg, which may prompt the Bank of Japan to hike interest rates.

US Market Update: Share Indices End Higher As Appeal Court Provides Reprieve To Trump Tariff

US share indices ended with slight gains on Thursday after appeal court reinstated tariffs of President Donald Trump administration. The Court of International Trade based in New York struck down Trump’s sweeping tariff using the International Emergency Economic Power Act.

The Dow Jones Industrial Average rose 0.28% at 42,215.73. S&P 500 Futures fell 0.29% at 5,905.50. Nasdaq 100 Futures fell 0.36% at 21,333.25.

GIFT Nifty Implies Higher Open; Bajaj Auto, Mazagon Dock, SJVN Shares In Focus

The GIFT Nifty was trading 0.01% or 3.50 points higher at 24,942.50 as of 6:48 a.m., which implied a higher open for the NSE Nifty 50.

Investors may monitor Bajaj Auto Ltd., Mazagon Dock Shipbuilders Ltd., SJVN Ltd., and Landmark Cars Ltd. shares because they released their fourth-quarter earnings. Apart from these stocks, Castrol India Ltd., Cipla Ltd., and NLC Ltd. shares will be important because of the overnight news flow.

The benchmark equity indices closed higher on Thursday, snapping a two-day slump as share prices of IndusInd Bank Ltd. and Sun Pharmaceutical Industries Ltd. gained the most. The NSE Nifty 50 closed 81.15 points, or 0.33% higher at 24,833.60 and the BSE Sensex ended 320.7 points, or 0.39% up at 81,633.02.

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