Stock Market Update: Strong Global Cues and RBI Policy Boost Set Positive Tone for Monday’s Trade
Mumbai, India – The Indian stock market is poised to begin the week on a strong note following positive global cues and excitement after the RBI’s monetary policy announcement. On Friday, June 6, the BSE Sensex surged 746.95 points (0.92%) to close at 82,188.99, while the Nifty 50 gained 252.15 points (1.02%) to settle at 25,003.05.
With Gift Nifty showing signs of buying interest today, analysts expect a robust start in domestic equities. Several individual stocks will be in focus due to corporate developments and news triggers.
Suzlon Energy: ₹1,295 Crore Block Deal Expected
Suzlon Energy could witness high volatility as its promoter Tanti Family & Trust plans a block deal involving 20 crore shares at a floor price of ₹64.75 per share, totaling ₹1,295 crore. Market participants will keep a close watch on price movement and volumes.
Infosys: Relief in ₹32,403 Crore GST Notice Case
IT giant Infosys received relief from the Director General of GST Intelligence (DGGI) as proceedings regarding a ₹32,403 crore pre-show cause GST notice have been closed. The case pertained to FY2018-19 to FY2021-22. This development could support positive sentiment in the stock.
Garden Reach Shipbuilders: Global Expansion Initiatives
Garden Reach Shipbuilders & Engineers has signed MoUs in Sweden and Denmark to enhance its maritime systems capabilities. It partnered with Berg Propulsion and Sunstone to enter the expedition cruise and marine equipment segment.
GHV Infra Projects: ₹546 Crore Work Order
GHV Infra Projects has bagged a road construction order worth ₹546 crore from GHV India for strengthening Mumbai roads. The order adds to the company’s robust infrastructure project pipeline.
MCX: Approval for Electricity Derivatives
The Multi Commodity Exchange of India (MCX) has received SEBI approval to launch electricity derivatives, a move that will benefit power generators and large-scale consumers by helping them hedge price risks.
Bharat Electronics (BEL): Semiconductor Push with Tata
BEL signed an MoU with Tata Electronics to explore opportunities in the indigenous semiconductor and electronics sector. The partnership will focus on semiconductor fabrication, OSAT, and design services, aligning with India’s push for self-reliance.
Hindustan Copper & RITES: MoU for Sustainable Supply Chain
Hindustan Copper has partnered with RITES to develop a sustainable supply chain for metals and critical minerals, boosting the strategic collaboration in the resource sector.
Afcons Infrastructure: ₹700 Crore Project from Reliance
Afcons Infrastructure has received a ₹700 crore Letter of Award from Reliance Industries for a vinyl project in Dahej, Gujarat, marking a significant win in the industrial construction space.
UPL: Advanta Brazil Unit Asset Sale
UPL Group’s Advanta Brazil is selling all assets of its subsidiary Serra Bonita Sementes SA for $125 million. Advanta holds a 33% stake in the company, and the deal aligns with UPL’s strategy to unlock value.
Asian Paints: Antitrust Probe May Be Initiated
According to CNBC-TV18, the Competition Commission of India (CCI) may initiate an investigation against Asian Paints based on a complaint from Birla Opus Paints, part of the Aditya Birla Group.
F&O Ban and Ex-Dates
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F&O Ban List: No new positions allowed in Hindustan Copper, Aditya Birla Fashion & Retail, Chambal Fertilizers, and Manappuram Finance.
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Ex-Date: Nelco shares go ex-dividend, and 7NR Retail trades ex-rights today.
Conclusion
With strong tailwinds from global markets and a positive domestic policy environment, Monday’s session is expected to see bullish momentum, especially in stocks like Suzlon, Infosys, MCX, BEL, and Afcons. Traders should watch for intraday opportunities while keeping risk management in focus.
