Published on: June 27, 2025
Mumbai, June 27 — Indian equity markets opened on a positive note on Friday, buoyed by fresh foreign institutional investor (FII) inflows and strong overnight cues from Wall Street. Continuing their upward momentum for the fourth straight session, the benchmark BSE Sensex climbed 229.22 points to 83,985.09 in early trade, while the NSE Nifty rose 73.5 points to 25,622.50.
Among the top performers from the Sensex pack were Larsen & Toubro, Tata Steel, State Bank of India, Tata Motors, HCL Technologies, and Bharat Electronics, indicating broad-based buying across sectors. The positive start reflects improving investor sentiment amid global optimism and sustained capital inflows into Indian equities.
Published on: June 27, 2025
HDB Financial Services' much-anticipated ₹12,500 crore IPO, the largest by a non-banking financial company (NBFC) in India to date, concluded on June 27, 2025, with an overwhelming subscription of 17.65 times. According to NSE data, the offer received bids for over 217 crore shares against 13.04 crore shares available. The Qualified Institutional Buyers (QIBs) led the demand, subscribing 58.64 times, followed by Non-Institutional Investors (NIIs) at 10.55 times and Retail Individual Investors (RIIs) at 1.51 times.
The IPO, comprising a ₹2,500 crore fresh issue and a ₹10,000 crore offer for sale by HDFC Bank, was priced in the range of ₹700–₹740 per share, with a lot size of 20 shares. Post-issue, the total number of shares will increase from 79.39 crore to 82.77 crore.
Despite a dip in the Grey Market Premium (GMP) mid-way through the offer, investor interest remained high. As of June 27, 2025, 7:35 PM, the GMP had risen to ₹57, indicating a projected listing price of ₹797 — a 7.7% gain over the upper price band.
Backed by 12 top-tier investment banks including Morgan Stanley, Goldman Sachs, HSBC, and Nomura, the IPO’s strong demand signals bullish investor sentiment and underscores the growing interest in NBFCs amid India’s financial sector growth, particularly in Tier II and Tier III markets targeted by HDB’s expansion strategy.
Published on: June 26, 2025
Mahindra & Mahindra is streamlining its defence operations by consolidating them under a newly formed subsidiary, Mahindra Advanced Technologies Ltd. (MATL). According to a recent stock exchange filing, the multi‑phase process will create a dedicated holding structure within MATL, incorporated on April 5, 2025.
In the first phase, MATL will acquire an 88% stake in Mahindra Emirates Vehicle Armouring FZ LLC (MEVA) for Rs 33.66 crore. MEVA contributed Rs 90.09 crore to the group’s total revenue of Rs 101.93 crore. The second phase will see MATL acquiring Mahindra Telephonics Integrated Systems for Rs 4.53 crore, which added Rs 63.31 crore to the group’s revenue. Finally, MATL will acquire Mahindra Defence Systems Ltd. (MDSL) via a share swap valued at Rs 1,218.16 crore, an entity that contributed Rs 957.78 crore to the group.
The entire process is expected to be completed by September 2025. Currently, the defence segment accounts for less than 10% of the Mahindra Group’s total revenue of Rs 1,18,624.5 crore for FY 2025.
Published on: June 26, 2025
Metal stocks extended their rally for the fifth consecutive session on Thursday, gaining nearly 1% during the day and approximately 4% over the past five sessions. The rally was bolstered by a weaker US dollar, which improved global demand for commodities and made dollar‑denominated assets more affordable for international buyers.
Steel Authority of India (SAIL) emerged as the top performer, rising 3% to Rs 131.74, while Jindal Stainless and Jindal Steel & Power gained up to 2% each. Hindalco Industries, Tata Steel, and Vedanta also advanced by more than 1%.
Meanwhile, benchmark equity indices gained for the third straight session, with the Sensex rising over 600 points and the Nifty hitting a nine‑month high, supported by positive global cues and easing geopolitical tensions.
Published on: June 26, 2025
JSW Steel announced on Wednesday that it has filed a review petition with the Supreme Court challenging its earlier decision to reject the company’s $2.3 billion takeover bid for Bhushan Power and Steel (BPSL).
The apex court had, in early May, overturned JSW Steel’s resolution plan citing procedural lapses and ordered the liquidation of BPSL, four years after the transaction was completed. On May 26, the court halted the liquidation proceedings after JSW Steel and some BPSL creditors stated their intent to seek a review.
The ruling had caused concern within the distressed-asset space, with legal experts warning that it could deter potential buyers of insolvent firms. JSW Steel maintains that it sees no impact from the order and is seeking to resolve the matter through its review petition.
Published on: June 26, 2025
Tata Steel’s board has approved the acquisition of an additional 179 crore equity shares in its Singapore-based subsidiary, T Steel Holdings Pte. (TSHP), for Rs 1,563 crore. The investment is part of the company’s ongoing efforts to streamline its global operations, following earlier infusions of Rs 2,603 crore in February 2025 and Rs 10,727 crore later that month.
These investments have been used to repay external debts of its offshore subsidiaries and support Tata Steel UK’s ongoing restructuring. The announcement came as the company received a show‑cause notice from the Central Goods and Services Tax department, alleging irregular input tax credits worth Rs 890 crore between 2019 and 2021.
Tata Steel has stated that the notice has no merit, confirming it will make its submissions within the stipulated timeframe and that the matter will have no impact on its financial or operational activities.
Published on: June 26, 2025
Bharti Airtel, India’s second-largest telecom operator, surged nearly 2.5% in intra-day trade on Thursday, breaching the ₹2,000 mark for the first time and reaching a new all-time high of ₹2,009. The rally boosted its market capitalisation to approximately ₹11.5 lakh crore, cementing its position as one of the top turnaround stories of 2025.
Global brokerages Jefferies and Macquarie have reaffirmed their bullish stance on the stock. Jefferies has a ‘Buy’ rating with a target price of ₹2,370, citing strong consumption tailwinds, robust mid-teen revenue growth prospects, improved cash flows, and re‑rating potential. Meanwhile, Macquarie has added Bharti Airtel to its “India Super 6s” list, setting a target price of ₹2,050 and highlighting its role as a core long‑term investment.
The company’s strong performance is also backed by rising 5G adoption. According to Ericsson, 5G connections in India are expected to rise from 290 million by the end of 2024 to approximately 980 million by 2030, making up 75% of total mobile connections. This shift is expected to drive long‑term growth and further support Bharti Airtel’s leadership in the telecom space.
Published on: June 26, 2025
Indian equity indices extended their rally for a third consecutive session on Thursday, with the Sensex gaining 1,000.36 points (1.21%) to close at 83,755.87 and the Nifty rising 304.25 points (1.21%) to 25,549. The bullish sentiment was bolstered by easing geopolitical tensions and strong buying activity in heavyweights like HDFC Bank and Reliance Industries.
The Sensex surged as much as 1,056.58 points intraday, reaching a high of 83,812.09, while the Nifty touched 25,549, marking a strong finish for the session. The rally reflects growing market optimism and robust momentum in key sectors.
Published on: June 26, 2025
The Reserve Bank of India has called on all banks to swiftly pass on the recent 50-basis-point policy rate cut to borrowers, highlighting the favorable financial conditions for such a move. An article published in the RBI’s June Bulletin emphasized the importance of ensuring efficient and timely transmission of rate cuts to customers.
While most banks have already adjusted their lending rates following the February and April rate cuts, the RBI has urged them to maintain this momentum for the latest cut announced earlier this month, to better support borrowers and the wider economy.
Published on: June 26, 2025
Indian equity benchmarks extended their winning streak for a third consecutive session on Thursday, with the Sensex gaining 884.67 points (1.07%) to reach 83,646.85 and the Nifty rising 263.65 points (1.04%) to 25,508.40. Heavyweights like Reliance Industries and HDFC Bank spearheaded the rally, while broad-based strength across energy, banking, and IT stocks kept market sentiment buoyant.
The gains came despite the expiry of Nifty derivatives, a day often associated with volatility. The relatively subdued market swings suggested that much of the expiry-related positioning had already been settled, allowing room for a directional move.
Strong corporate earnings, cooling inflation, and robust domestic economic indicators continue to support the bullish trend, with investors now looking to upcoming economic data and global central bank commentary for further cues.
Published on: June 26, 2025
Several leading Indian companies, including HDFC Bank, Bajaj Finserv, Bajaj Holdings and Investments, and Cipla, will trade ex-dividend starting Friday. June 26 is the last date for investors to buy shares and qualify for upcoming dividend payments, with June 27 set as the record date.
Under the T+1 settlement system, shares must be purchased by this deadline for the transaction to be settled and reflected in a shareholder’s demat account. The ex-dividend date is when a stock begins trading without its dividend, making buyers from that day ineligible for the announced payouts.
HDFC Bank has announced a dividend of Rs 22 per share, while Bajaj Finserv, Bajaj Holdings, and Cipla have announced final dividends of Rs 1, Rs 28, and Rs 13 per share respectively, along with special dividends in some instances. Other notable companies like Allied Blenders, Care Ratings, Swaraj Engines, and Welspun Living also announced attractive dividend payouts, making June 26 the critical date for investors looking to capture these benefits.
Published on: June 25, 2025
Pharmaceutical major Lupin announced that it has received U.S. Food and Drug Administration (USFDA) approval for its Abbreviated New Drug Application (ANDA) for Prucalopride Tablets, available in 1 mg and 2 mg strengths, used to treat Chronic Idiopathic Constipation in adults.
The tablets, to be manufactured at the company’s Goa facility, are bioequivalent to Takeda Pharmaceuticals’ Motegrity® and have an estimated annual U.S. market size of $184 million, according to IQVIA data as of April 2025.
Meanwhile, Lupin reported strong Q4 FY25 results, with profit surging 121.1% year‑on‑year to Rs 794.86 crore, revenue rising 12.2% to Rs 5,567.1 crore, and EBITDA growing 22.5% to Rs 996.85 crore, expanding margins to 21.9%. At 2:30 PM, the company’s shares were trading at Rs 1,934.75, up 0.21%.
Published on: June 25, 2025
Tata Consultancy Services (TCS) is set to build a new office campus in New Town, Kolkata, reinforcing West Bengal’s position as a burgeoning tech hub. The New Town Kolkata Development Authority (NKDA) has granted approval for Phase I of the project, which will feature an 11‑storey office tower across nine lakh square feet, creating 5,000 jobs.
The second phase will expand the campus by an additional 1.5 million square feet, generating another 20,000 positions and bringing total direct employment to 25,000. Located within the Bengal Silicon Valley Tech Hub, this initiative is part of the state’s efforts to attract investment and foster innovation.
West Bengal Chief Minister Mamata Banerjee lauded the project as a testament to the state’s growing economic prominence and resilience, responding to critics and underscoring its role as a destination for technology and inclusive growth.
Published on: June 25, 2025
Tata Play, the direct-to-home service formerly known as Tata Sky, has reported a consolidated net loss of Rs 529.43 crore for FY25, compared to Rs 353.88 crore in FY24. The company’s revenues also dipped by 5.15% to Rs 4,082.5 crore for the year, reflecting a challenging competitive environment that includes DishTV, Airtel Digital TV, and DD Free Dish.
The reasons for the widening loss have not been disclosed, but the results highlight the growing pressure faced by the operator in a highly competitive and evolving digital television market.
Published on: June 25, 2025
L&T Technology Services Limited (LTTS), a global engineering and technology services company, has announced a major win in its Sustainability segment. The company has been selected by one of the world’s leading energy firms as its exclusive global engineering partner for Enterprise Data and Digital Services, in an agreement valued at over $50 million.
This win strengthens LTTS’ position as a trusted ally for global energy giants, leveraging its deep expertise in sustainability, digitalization, and engineering services to drive operational efficiency and innovation across the sector.