Markets opened significantly above Friday’s closing point.
Nifty 50 opened higher due to positive global sentiments over the news of a US-Iran peace agreement.
Realty stocks and consumer durables stocks rose the most today. Pharma stocks and healthcare stocks fell the most.
Global markets: US markets and Asian markets rose. European markets rose (as of 6 pm IST).
News
Iran and the US have reached an agreement, providing for an immediate ceasefire on all fronts, including Lebanon. The deal (MoU) is expected to be signed on Friday.
India’s wholesale inflation rose to 9.68% year-on-year in May (vs 8.26% in April). Fuel inflation rose 30.33% year-on-year (vs 24.89% in April).
India’s merchandise exports rose 18% year-on-year to $45.2 billion in May while imports rose 20.6% to $73.41 billion. The trade deficit increased to $28.21 billion (vs $22.56 billion in April)
India’s unemployment rate rose to 5.5% in May (vs 5.2% in April).
Razorpay has filed for an IPO with SEBI through the confidential route.
Stocks Updates
HCL Tech: will invest Rs 1,427 crore in Axonwise Pvt Ltd, Sarvam AI’s parent company, for a 10.46% stake to strengthen sovereign AI and enterprise AI capabilities.
Adani Enterprises: announced its intent to form a strategic alliance with Jabil Inc. to develop an AI and data centre infrastructure manufacturing platform in India, including AI racks, servers and power equipment.
Dr Reddy’s: launched the first generic version of Bosulif, a blood cancer drug, in the US with 180 days of generic exclusivity. The brand had annual US sales of about $253.8 million as of April 2026.
Waaree Energies: received an order to supply 800 MW solar modules from a domestic energy solutions provider, to be executed in FY2026-27.
JSW Energy: will acquire a 100% stake in Maruti Clean Coal & Power Ltd for an enterprise value of Rs 1,410 crore, adding a 300 MW thermal power plant in Chhattisgarh, subject to approvals.
Word of the Day
Public Private Partnership (PPP)
It is an arrangement where the government and private companies work together to develop and operate public infrastructure projects.
The private company typically brings funding, expertise, and execution, while the government provides support through approvals, land, or revenue arrangements.
PPP projects are commonly used for roads, airports, metro systems, ports, and hospitals.
The aim is to improve public infrastructure by sharing costs, risks, and responsibilities between the public and private sectors.
6 Day Course
Theme: understanding FIIs
Day 1: Monday
Many of us know that Foreign Institutional Investors (FIIs) form a big chunk of investors in India.
Their buying/selling can influence the markets greatly.
But many of us tend to treat them as one block that acts the same which is obviously not the case.
In this week’s course we’ll dive deeper into this category and try to understand more about FIIs.
Any institutional investor that is not based out of India is categorised as FII.
This includes sovereign wealth funds, pensions funds, mutual funds, ETFs, index funds, hedge funds, banks, private equity funds, trusts, and even high-net worth individuals who use family offices to invest.
That is a very diverse group of investors. Each of these investors has their own style, investment duration, investment target, style, objective, holding period, etc.
We explored the question “What if your large-cap funds shared most of their portfolio?”
Check out the full report here.
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