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Ajanta Pharma promoter sells ₹1,024 crore stake; mutual funds step in as buyers
A promoter entity of Ajanta Pharma has sold a 2.8% stake in the drugmaker for over ₹1,000 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund emerging as the key buyers.
Promoter sells Rs 1,024 crore worth of Ajanta Pharma shares in block deal to Kotak MF and ABSL MF
A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal, with Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund acquiring the stake. The transaction comes amid strong earnings growth, healthy margins and sustained momentum in the company’s pharmaceutical business.
Nifty Outlook for June 10: Two things that need to fall in place for the index to breakout
For Wednesday's midweek session, Tuesday's high of 23,279 will become the first level to cross for the bulls before an attempt is made to sustain above 23,300 levels. At this juncture, with the underperformance of IT, HDFC Bank and the volatile moves seen in Reliance Industries, 23,500 appears distant.
INR recovers momentum as local equities rebound; recent oil and dollar spike fades amid signs of easing geopolitical tensions
The Indian rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar on Tuesday, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Geopolitical tensions eased somewhat, the dollar weakened and Brent crude futures fell below $93 a barrel as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April. The BSE Sensex settled 394.50 points (0.54%) higher at 73,918.76, while the NSE Nifty 50 advanced 119.10 points (0.52%) to close at 23,242.10.
Should You Own More Gold? Experts Weigh In After ETF Restrictions Across Mutual Funds
Both advisors argued that the discussion should not be limited to gold. Instead, it should prompt investors to think more broadly about diversification.
Mutual funds trim stakes in 13 midcap stocks after two quarters of buying
Mutual funds have reduced their holdings in 23 BSE midcap stocks in the March 2026 quarter, reversing earlier accumulation trends seen through mid-2025. Most of these stocks have delivered negative returns in CY26, with several falling sharply. The shift signals a cautious stance by institutional investors amid ongoing market weakness.
Nifty above 23,150; realty shares in demand
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 123.61 points or 0.17% to 73,652.32. The Nifty 50 index rose 43.10 points or 0.19% to 23,162.75.
Nifty Over 23,250, Sensex Up 0.7%: Three Reasons Why Market Is Rising After Yesterday's Crash
The broader indices are also trading positively, with Nifty Smallcap 250 higher by 1.02%, while the Midcap 150 rose 1.07%.
Mid and smallcaps get the money as Nifty lags
Investors are increasingly bullish on mid and small-cap stocks, reflecting a notable shift in market sentiment. The Advance-Decline Ratio has shown resilience for the past two months, leading to record highs in midcap and smallcap indices. Meanwhile, large-cap stocks are grappling with foreign selling pressure, suggesting that mid and small caps may continue to shine in the near future.
Sebi reviews broker net-worth norms, IPO price discovery framework
Market regulator is examining broker capital requirements, IPO auction mechanisms, mutual fund liquidity rules and corporate bond market reforms to improve efficiency
Sensex crashes over 700 points, Nifty slips below 23,150 amid West Asia tensions - Mid-day
Sensex crashes over 700 points, Nifty slips below 23,150 amid West Asia tensionsMid-day
Global jitters rattle Dalal Street, Nifty slips below 23,150
The S&P BSE Sensex tanked 719.08 points or 0.97% to 73,524.26. The Nifty 50 index lost 243.70 points or 1.04% to 23,123. In two consecutive trading sessions, the Sensex declined 1.13% while the Nifty 50 fell 1.38%