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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.
Share Market Today: Nifty 50, Bank Nifty Prediction | June 9, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty Prediction | June 9, 2026Liquide Blog
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.
Quick Wrap: Nifty PSU Bank Index rises 3.62%
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SBI in $1 billion funding for Sun Pharma’s US deal
State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co. This move marks a significant step for government-run banks in financing corporate takeovers. SBI will join other global lenders in this substantial deal. The funding underscores the growing ambition of Indian companies to expand globally.
Sensex jumps 217 pts; Nifty trades below 23,200 level; VIX tanks 6.12%
The Nifty traded above 23,200 level. PSU Bank, bank and financial services shares advanced while IT, oil & gas and media shares declined.
Central Bank of India gains for third straight session
Central Bank of India is quoting at Rs 31.06, up 2.07% on the day as on 12:49 IST on the NSE. The stock is down 22.64% in last one year as compared to a 7.57% jump in NIFTY and a 17.79% jump in the Nifty PSU Bank index.
Indian Bank soars 2.73%, up for third straight session
Indian Bank is quoting at Rs 866, up 2.73% on the day as on 12:49 IST on the NSE. The stock is up 37.73% in last one year as compared to a 7.57% fall in NIFTY and a 17.79% fall in the Nifty PSU Bank index.
Federal Bank Ltd up for third straight session
Federal Bank Ltd is quoting at Rs 313.85, up 3.04% on the day as on 12:49 IST on the NSE. The stock is up 48.74% in last one year as compared to a 7.57% slide in NIFTY and a 2.91% slide in the Nifty Bank index.