The BSE Sensex snapped its four-day winning streak on Tuesday, June 10, ending marginally lower amid profit booking in select banking and energy stocks. The 30-share index declined 53.49 points or 0.06% to close at 82,391.72. Market breadth on the index was mixed, with 14 stocks declining, 15 gaining, and one remaining unchanged.
Meanwhile, the NSE Nifty eked out modest gains, rising 1.05 points to settle at 25,104.25. This marked the fifth straight session of gains for the Nifty. Over the past four trading days, the Nifty has added more than 560 points (2.27%), while the Sensex has gained 1,707.7 points (2.11%).
Investors will closely track several stocks on Wednesday, June 11, as key corporate and sectoral developments unfold.
Stocks to Watch on June 11
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NTPC: The government has approved an additional viability gap funding of ₹5,400 crore to support the development of a 30 GWh Battery Energy Storage System (BESS).
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Wipro: Metro AG has extended its IT services partnership with Wipro by two more years.
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Max Financial Services: Sumit Madan has been appointed as Managing Director and CEO of Axis Max Life Insurance for a term of five years starting October 1.
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Vodafone Idea: The company has launched its 5G services in Bengaluru.
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Kolte-Patil Developers: Blackstone’s acquisition of a majority stake through a share subscription agreement has received approval from the Competition Commission of India (CCI).
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CreditAccess Grameen: Secured a $100 million multi-currency syndicated social loan facility.
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Reliance Infrastructure: Its subsidiary, Reliance Defence, is expanding its strategic partnership with Diehl Defence.
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Kaynes Technology: The semiconductor arm is set to acquire production lines for power modules from Fujitsu for ₹94 crore.
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Texmaco Rail: Awarded a ₹44 crore contract by the Mumbai Railway Vikas Corporation.
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Interarch Building Products: Received an order worth approximately ₹45 crore from an automobile OEM.
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HCLTech: Expanding its partnership with The Standard Insurance to support AI-led transformation initiatives.
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Veranda Learning: Initiated a major restructuring initiative under its ‘Veranda 2.0’ vision.
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Marksans Pharma: Orbimed Asia is likely to sell up to 2.27% stake via block deals at a floor price of ₹249.95 per share.
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IREDA: Allotted 12.14 crore shares worth ₹2,006 crore to qualified institutional buyers (QIBs), with 50% going to LIC. The issue price was ₹165.14 per share.
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Inox Wind: The National Company Law Tribunal (NCLT) has approved the merger between Inox Wind Energy and Inox Wind.
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Popular Vehicles & Services: Received a Letter of Intent from Maruti Suzuki to set up a True Value pre-owned car outlet in Bengaluru.
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Maruti Suzuki: According to a Reuters report, the launch of the eVitara is likely to be delayed, with output targets now reduced through September.
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Radico Khaitan / United Spirits (USL): Maharashtra government has increased the excise duty on Indian-made foreign liquor by 50-60%.
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Aditya Birla Capital (AB Cap): Advent International is expected to sell up to 1.40% stake via block deals, with the floor price set at a 2% discount to the current market price.
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Tata Communications: The company has pushed its ₹28,000 crore data revenue target from FY27 to FY28.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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