Markets

Company Confirms No Undisclosed Material Information Regarding Share Trading Volume Spurt A company has issued a clarification confirming that it has not withheld any material or price sensitive information that would impact the trading volume of its shares.The statement addresses concerns regarding the surge in share volumes, confirming that the company had duly made all necessary disclosures related to the matter.The organization confirmed that no material or price sensitive information bearing on the operations or performance of the company was withheld, providing assurance regarding the observed trading activity.SCANSTL Stock Price Movement Shares of Scan Steels Limited are edging higher to ₹37.61 as of 1:01 PM today, gaining...

Balaji Telefilms Clarifies Market Status After Query Regarding Share Volume Spurt Balaji Telefilms Ltd has issued a clarification addressing concerns regarding the increased volume of its shares in the market. The company confirmed that it has complied with all necessary disclosure requirements pertaining to material and price sensitive information that could affect the operations or performance of the company.The organization explicitly stated that it had not withheld any material or price sensitive information which, in its view, would influence the trading volume of its shares.Balaji Telefilms further affirmed its ongoing commitment to adhering to all applicable disclosure mandates concerning the company's operations and market...

Invesco Mutual Fund increases stake in Corona Remedies Ltd Invesco Mutual Fund has increased its holding in Corona Remedies Limited, reporting a total aggregate shareholding of 5.0562% of the paid-up share capital as of June 17, 2026.The investment vehicle holds shares across several funds, including Invesco India Consumption Fund, Invesco India Smallcap Fund, Invesco India Large & Mid Cap Fund, Invesco India Midcap Fund, and Invesco India Multicap Fund.Before the acquisition under consideration, the acquirer’s holding stood at 4.5836%, comprising 2,803,355 shares carrying voting rights. The current transaction saw the acquisition of 2,89,017 shares, which equates to a rise of 0.4726%.Following this acquisition, Invesco Mutual...

Tata Power Awarded Large Transmission Project by REC, Involving 250 km Line Route Development Tata Power Company Ltd has been granted a significant project related to the transmission services in Karnataka, following an award from REC Power Development and Consultancy Limited. The project involves building and operating the Ryapte Power Transmission Limited, a specialized project special purpose vehicle (SPV).The initiative entails the construction and commissioning of approximately 250 km of critical line route infrastructure, including both D/C and Underground cable lines. This development is set to establish crucial power substations in the region.REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC...

Desco Infratech Awarded Rs 150 Million Order for Gas Pipeline Project by Sabarmati Gas Limited Desco Infratech Ltd has secured a Letter of Intent (LOI) from Sabarmati Gas Limited, a joint venture of GSPC and BPCL. The contract involves the construction of a gas pipeline project valued at Rs 150,640,474/- inclusive of GST.The LOI confirms that Desco Infratech will execute significant work for Sabarmati Gas Limited.Project Details: Sabarmati Gas Limited has awarded the contract to Desco Infratech for laying, installation, testing, and commissioning of a specialized steel gas pipeline. The project involves 4-foot, 6-foot, and 8-foot diameter pipelines designed for FDODO CNG Station Connectivity.The awarding entity, Sabarmati Gas...

Value 360 Communications Addresses Stock Price Fluctuations Value 360 Communications Limited has clarified matters regarding recent fluctuations in its share price, asserting that the movement is primarily market-driven and there have been no material changes in the company’s operations since a recent Board meeting.The company confirmed that apart from announcements previously communicated following the Board Meeting held on June 01, 2026, there have been no other events or developments that would impact the operation or performance of Value 360 Communications Limited.Management stated that the Company does not possess any additional price-sensitive information to share at this time. The company reiterated its commitment to...

Gandhar Oil Refinery Addresses Increased Trading Volume Amid Market Conditions Gandhar Oil Refinery (India) Ltd has clarified its position regarding the recent surge in the trading volume of its securities across exchanges. The company stated that it possesses no information or impending announcements that would influence the price or volume behavior of its stock.In response to inquiries concerning the increased trading activity, Gandhar Oil Refinery indicated that there is no material, undisclosed event that could bear on the Equity scrip's market movement.The company believes that the significant increase in the trading volume of its shares is purely market driven and attributable to prevailing market conditions. Consequently, the...

Apollo Hospitals clarifies governance commitments ahead of Apollo Healthtech listing Apollo Hospitals Enterprise Limited has issued additional clarifications regarding the proposed composite scheme of arrangement involving Apollo Healthtech Limited, setting out specific commitments concerning board composition and promoter nomination rights. These details provide further insight into the governance structure planned for the company post-Scheme.The Scheme involves Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited, with the resulting entity being Apollo Healthtech. The management of Apollo Hospitals conveyed that the Scheme is designed as a vital step toward unlocking...

SEBI Finalizes Settlement of Kshitij Venture Capital Fund Violation: Investment Manager Agrees to Pay ₹10.87 Lakhs SEBI Closes Case on Kshitij Venture Capital Fund Scheme Winding-Up Delay The Securities and Exchange Board of India (SEBI) has issued a Summary Settlement Order concerning violations related to the winding up of the Kshitij Venture Capital Fund (VCF). The order addresses issues where Everstone Capital Advisors Private Limited, the Investment Manager, was found prima facie in violation of the VCF Regulations, 1996.The settlement formalizes the resolution of enforcement proceedings initiated against the Applicant, as per SEBI's powers under Section 15JB and Section 19 of the Securities and Exchange Board of India Act, 1992...

HDFC Bank Stock Plunges as Shares Turn Ex-Dividend; Key Financial Details Revealed HDFC Bank shares experienced a notable decline in the early morning trade on June 19. The lender saw its stock drop by 2.2 percent to ₹782, compared to the previous close of ₹799. This movement occurred after the company turned ex-dividend for its final dividend payout.While the adjusted fall was relatively modest when factoring in the dividend adjustment, the overnight trade marked a step down from its recent upward trend. The stock had previously seen a gain of approximately 1.5 percent during the preceding trading session.Impact of Ex-Dividend Status on HDFC Bank Stock The primary driver behind the share movement is the turning ex-dividend status...

Rashi Peripherals Affirms Stock Price Movements Are Market Driven Rashi Peripherals Ltd has clarified its position regarding recent movements in the price of its securities, stating that the stock performance is purely market driven and influenced by prevailing market conditions.The company asserted that management holds no control over these price changes. As far as the company is aware, there is no material event or unpublished price sensitive information that requires disclosure and could affect the volume or price movement of its shares.While the Board of Directors continually evaluates potential acquisition and investment opportunities, any proposal that is approved following due diligence is duly disclosed in accordance with...

Rajesh Exports Surges as Rally Continues, Overcoming SEBI Scrutiny Amid Revenue Allegations Shares of Rajesh Exports continued their remarkable ascent on Friday, hitting the 5% upper circuit at Rs 97.51. This powerful surge has seen the stock extend gains by nearly 28% over the last five trading sessions. The rally signals a significant recovery for the company following intense regulatory pressure and recent low points.Stock Recovery Against Regulatory Pressure The sustained upward momentum positions Rajesh Exports dramatically better than its recent lows. The company is now trading only about 11% below the closing level it held prior to the Securities and Exchange Board of India (SEBI) interim order. Last week, a series of losing...

Bitcoin Plummets as Stronger Dollar and Slow ETF Flows Dampen Crypto Sentiment Bitcoin's price dipped significantly in early trading on June 19, settling near $62,608. This represents a 2.54 percent decline over the last 24 hours. Subdued institutional demand amid expectations of restrictive monetary policy continues to weigh heavily on market sentiment across the cryptocurrency space.Macro Headwinds and Market Sentiment The strengthening US dollar index (DXY) has been identified as a significant headwind for risk assets like Bitcoin. As crypto often moves inversely to the DXY, this macroeconomic pressure is intensifying the case for crypto bears. Piyush Walke, Derivatives Research Analyst at Delta Exchange, noted that Bitcoin's...

Saurashtra Cement Appoints Ms. Sonali Sanas as CEO of Paints Division Saurashtra Cement Limited has appointed Ms. Sonali Sanas as Chief Executive Officer (CEO) for its Paints Division, following the resignation of Mr. Surender Bhatia from the post. The Board of Directors approved the appointment on June 18, 2026.Ms. Sanas is set to assume the role effective August 16, 2026. To ensure a smooth transition, she will continue in her capacity as CEO (Designate) for the company during this period. The company confirmed that efforts are underway to find replacements for her other existing senior leadership positions within the organization.Ms. Sanas possesses over 26 years of diverse leadership experience and is an integral part of...

Japan and South Korea Stocks Surge to Record High as Geopolitical Thaw Pushes Oil Lower Asian equity markets rallied sharply on Friday, with shares in Japan and South Korea reaching record highs. This surge was fueled by optimism surrounding peace developments in the Middle East. The resumption of oil flows through the Strait of Hormuz helped ease inflation concerns globally.Japan's Nikkei gained 0.8%, marking its fifth consecutive session at a new record high, extending its weekly gain to 8.5%. South Korea saw a robust jump of 3.1%, contributing significantly to its impressive weekly rise of 15.3%.Global Markets Surge as Strait of Hormuz Reopens Oil tanker traffic has resumed through the Strait of Hormuz. This occurred after the...

Tech Slowdown Hits IT Majors as VA Tech Wabag Soars on Major Order Win Corporate Developments Drive Stock Volatility Market sentiment remains highly reactive to specific corporate announcements and strategic decisions. Investors are actively reacting to developments such as fundraising plans, stake sales, and operational updates across various sectors. This news-driven volatility is expected to persist as companies unveil important milestones or face headwinds.IT majors in particular faced significant pressure following the announcement from a major client. HCL Technologies saw its share price decline by between 4 to 8 percent. This drop occurred after Accenture cut its revenue growth guidance and flagged a weaker demand environment...

Aurobindo Pharma Stock Surges Over 1.5% on FTC Clearance of Lannett Acquisition Aurobindo Pharma shares saw a significant jump in early trading on Friday, rising over 1.5% after the company announced crucial regulatory approval for a major acquisition. The stock climbed as high as 1.53%, settling at ₹1,465.80 on the NSE following the news.The gain was fueled by confirmation that the US Federal Trade Commission (FTC) has cleared the transaction involving Aurobindo Pharma USA Inc., a wholly owned subsidiary of the company. This approval concerns the purchase of Lannett Company LLC from LANNETT SELLER HOLDCO, INC.Securing Regulatory Approval for Strategic M&A The clearance provides a powerful strategic lift to Aurobindo Pharma. The...

Goldman Sachs Slashes Gold Target by $500 as Fed Rate Cut Hopes Dim following Hawkish Signals Re-evaluating Bullishness: Why Goldman Sachs Revised its Gold Outlook Goldman Sachs has significantly tempered its forecast for the price of gold, reducing its year-end target by $500 an ounce. This downward adjustment stems from a shift in market expectations regarding Federal Reserve rate reductions. The bank’s economists now do not anticipate the Fed cutting rates this year.The revised target set by Goldman Sachs is $4,900 per ounce for December. Despite the reduction, analysts Lina Thomas and Daan Struyven maintain that gold is still expected to gain ground in the second half of the year. However, their outlook remains "tactically...

Meta Seeks $4 Billion Stake in Cred to Master India's Hyper-Competitive Payments Battle Meta, the parent company of Facebook, is reportedly positioning itself to acquire a stake in prominent Indian fintech startup Cred. Sources reveal that discussions have been underway regarding an investment into Cred, valuing the payments and finance platform at $4 billion (equivalent to ₹38,000 crore). This valuation represents a modest increase from its prior marked-down valuation of $3.5 billion set in 2025, but it remains significantly lower than the $6.4 billion commanded during Cred's last major funding round in 2022.The tech giant is evaluating multiple entry points into the Indian fintech landscape. Beyond providing primary capital, Meta...

IT Sell-Off Triggers Major Correction as Sensex Plummets 750 Points; Nifty Trades Near 23,950 Market Declines Amid Technology Sector Concerns The market experienced a sharp downturn on Friday, snapping the winning streak of five consecutive sessions. Both benchmark indices registered losses, with the Information Technology sector being a primary driver of the decline. Sentiment was significantly weighed down following a weak interpretation of Accenture's earnings outlook.The Nifty 50 shed 0.73%, trading at 23,991.2. Meanwhile, the Sensex dropped 0.72%, settling at 76,852.86. This pullback marks a notable correction across major Indian equities.Technology Sector Suffer Heavy Selling Pressure Indian IT stocks faced intense selling...