🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Zydus Lifesciences: The company has entered into a strategic joint venture with Sri Lanka's Sunshine Healthcare to establish 'Zydus Sunshine Lifesciences.' The partnership involves a $20 million investment to build a pharmaceutical manufacturing facility in Sri Lanka to reduce import dependence.
• Suzlon Energy: The wind energy major has bagged a large 400 MW wind EPC (Engineering, Procurement, and Construction) order from Tata Power Renewable Energy, boosting its order book visibility.
• Amazon: CEO Andy Jassy announced an additional $13 billion investment in India through 2030, bringing the total planned commitment to $48 billion, focusing on e-commerce and cloud infrastructure (AWS).
• Tata Chemicals: The stock remains in focus after a 6% rally in the previous session, fueled by speculation surrounding the potential IPO of Tata Sons due to RBI’s regulatory requirements for upper-layer NBFCs.
• InterGlobe Aviation (IndiGo): The airline stock outperformed with a nearly 5% jump late Thursday as Brent crude prices slipped to approximately $72 per barrel, improving the outlook for aviation margins.

Neutral Developments

• Market Holiday: Both the BSE and NSE are closed today for Muharram. Trading, including equity, derivatives, and SLR segments, will resume on Monday, June 29, 2026.
• Power Finance Corporation (PFC): The state-run lender has revamped its leadership by appointing V. Packirisamy and Pankaj Gupta to its Board of Directors.
• Zoomcar Holdings: The company has extended the expiration date for its warrant exchange offer to July 24, 2026, to allow more time for regulatory and shareholder approvals.
• Ex-Dividend Stocks: Several companies including IndusInd Bank, LIC, and Dr. Lal PathLabs had their ex-dividend dates slated around this period; however, settlement will be impacted by the three-day market closure.

Negative News

• CSB Bank: The stock has hit a fresh 52-week low, marking a decline of over 40% from its January peaks, amid persistent concerns regarding its recent financial performance.
• FII Selling: Institutional data shows Foreign Institutional Investors (FIIs) were net sellers in the last session, offloading shares worth ₹1,843 crore, which continues to weigh on market sentiment.
• IT Sector Pressure: Heavyweights like Infosys and Tech Mahindra faced profit-taking after global cues suggested a cautious spending environment in the technology sector for the remainder of the year.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex