🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• LIC (Life Insurance Corporation): The retail bidding window for the government’s 5% stake sale via Offer for Sale (OFS) opens today. The government advanced the timeline to meet fiscal targets, creating a multi-billion dollar liquidity event.
• GIC (General Insurance Corporation): Shares will be in focus as the government announced a proposal to offload up to 5% stake in the PSU through an Offer for Sale (OFS).
• RailTel Corporation: The company has secured a significant order for the supply of munitions, marking a major diversification and boosting its order book.
• Bandhan Bank: The Board has approved the sale of an identified NPA portfolio from its housing finance segment to Asset Reconstruction Companies (ARCs) using the Swiss Challenge method.
• Oil India: The Maharatna CPSE signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to drive innovation and technology development in the energy sector.
• Brigade Enterprises: The stock will trade ex-bonus today in the ratio of 1:3.
• Cyient: The company’s share buyback program reaches its ex-date today, June 17.
• Sonata Software & NIIT: Both stocks are buzzing after recording gains of over 19% in the previous session, driven by strong sectoral tailwinds in IT and education technology.
• Equitas Small Finance Bank & Titagarh Rail Systems: HDFC Securities has issued "Buy" recommendations on both stocks, citing technical breakouts and strong volume growth.

Neutral Developments

• Nifty 50 & Sensex: While the indices are near record highs (Nifty at ~23,989), analysts suggest a "coiled" session as traders await the US FOMC meeting outcome scheduled for late Wednesday night.
• Tata Technologies & JSW Infrastructure: These stocks are likely to see activity today ahead of their dividend ex-dates scheduled for tomorrow, June 18.
• Krishana Phoschem & Madhya Bharat Agro: Both companies have their dividend ex-dates today, June 17, for a payout of ₹0.50 per share.

Negative News

• Jaiprakash Associates: The stock is under intense pressure as it prepares for delisting from both BSE and NSE effective June 18, 2026, following an NCLT-approved resolution plan.
• NALCO & Metal Stocks: Aluminum producers are facing selling pressure due to a sharp drop in global aluminum prices. The US-Iran deal is expected to ease trade through the Strait of Hormuz, potentially increasing global supply.
• NSE (National Stock Exchange): SEBI has imposed a penalty of ₹6.04 crore on the exchange related to a technical glitch that occurred in April 2024.
• Motisons Jewellers: The stock witnessed a sharp decline of over 11% in the previous session and remains under watch for further volatility.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex