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ensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 9 June 2026
The benchmark Nifty 50 rose 0.52% to 23,242.10, and the BSE Sensex gained 0.54% to 73,918.76. The Reserve Bank of India on Monday allowed banks to raise overseas foreign-currency borrowings of at least three years at concessional swap rates, aiming to boost dollar inflows with the rupee under pressure from higher oil prices, foreign outflows and geopolitical risks. Banks and financials rose about 2.1% and 1.4%, respectively, while state-owned lenders climbed 3.6% and private banks gained 1.6%.
Fifteen of the 16 major sectors advanced. The small-caps and mid-caps rose 1.7% and 1.4%, respectively.
Brent crude futures fell 2% to $92.4 per barrel. Among stocks, IndiGo airline operator InterGlobe Aviation gained 4.1% after several brokerages reiterated a positive medium-term view on the airline following its analyst day, despite near-term pressures from high fuel prices
- June 9, 2026 15:58
This live blog is closed for the day.
- June 9, 2026 15:48
Rupee gains as oil retreat soothes, inflow expectations erode weakening bias
Rupee gains as oil retreat soothes, inflow expectations erode weakening bias
The rupee closed at 95.35 per dollar, up 0.4% from its close in the previous session.
- June 9, 2026 15:43
Markets end in green
Sensex settled 394.50 points or 0.54 per cent higher at 73,918.76, and Nifty 50 rose 119.10 points or 0.52 per cent to 23,242.10.
- June 9, 2026 15:41
Rupee rises 25 paise to close at 95.36 (provisional) against US dollar.
- June 9, 2026 15:22
Hexagon Nutrition IPO Day 3: Subscribed over 42 times so far, NIIs lead demand
Hexagon Nutrition IPO Day 3: subscribed over 42 times so far, NIIs lead demand
Hexagon Nutrition's IPO sees 42x subscription on Day 3, driven by strong demand from non-institutional investors.
- June 9, 2026 15:21
Gold prices remain range-bound as crude oil fall offsets interest rate worries
Gold near record levels but inflation fears limit gains in domestic markets
Gold futures rise near Rs 1.55 lakh as crude oil prices fall, while inflation concerns and interest rate worries keep gains limited.
- June 9, 2026 15:20
HDB Financial to sell multiple tenor bonds, bankers say - Reuters
- June 9, 2026 15:18
Aluminium futures hovering near a support
Aluminium futures hovering near a support
Aluminium futures stabilize near ₹385 support, with potential to rally towards ₹400 while maintaining a positive outlook.
- June 9, 2026 15:09
L&T turns to automation and robotics as construction faces manpower challenges
L&T bets on automation and robotics to overcome construction labour challenges
L&T is expanding automation, robotics and digital solutions to transform construction, reduce labour dependence and tackle manpower challenges.
- June 9, 2026 15:08
At 3 pm, Sensex gained 373.02 pts or 0.51% to 73,897.28, and Nifty 50 was up 115.05 pts or 0.50% to 23,238.05.
- June 9, 2026 15:03
SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOs
SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOs
Exploring the potential impact of SpaceX, Anthropic, and OpenAI on megacap IPOs and investor strategies in a volatile market.
- June 9, 2026 15:03
FPI inflows into FAR securities rise by ₹8,795 cr after govt tax exemption move
FPI inflows into FAR securities rise by ₹8,795 cr after govt tax exemption move
Foreign portfolio investors (FPIs) have invested ₹8,794.743 crore in government securities under the Fully Accessible Route (FAR) after the government exempted them from income tax on interest income and capital gains arising from investments in these bonds.
- June 9, 2026 15:02
Atul Auto: Piyush Mistry, Head - (Human Resource, ER and Admin) of the Company has been designated as a ‘Senior Management Personnel’ (SMP) of the Company with effect from June 08, 2026.
- June 9, 2026 14:58
CARYSIL informed that Carysil Brassware Limited has been dissolved as per the applicable provisions of the UK Companies Act, 2006 with effect from June 09, 2026
CARYSIL informed that Carysil Brassware Limited, a wholly owned subsidiary of Carysil UK Limited and a wholly owned step-down subsidiary of the Company, in the United Kingdom, has been dissolved as per the applicable provisions of the UK Companies Act, 2006 with effect from June 09, 2026
- June 9, 2026 14:57
JSW Infrastructure jumps 3.5% after securing Kolkata port container terminal project
JSW Infrastructure has received Letter of Award (“LOA”) for Integrated Development of Outer Container Terminal & Berth no. 1 through 5 at Netaji Subhash Dock (“NSD”), Kolkata Dock System issued by Syama Prasad Mookerjee Port Authority, Kolkata (“SMPA”) on Design Build Finance Operate Transfer (“DBFOT”) basis through PPP mode.
Shares surged 3.5% to Rs 277.90 on the NSE.
- June 9, 2026 14:40
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entries
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entries
Chairman Rajesh Mehta says there was “zero diversion of funds” and the company is ready to clarify the transactions.
- June 9, 2026 14:37
Markets at 2:35 p.m.
📈 Sensex: 73,834.89 ▲ 310.63 pts (+0.42%)
📈 Nifty 50: 23,215.30 ▲ 92.30 pts (+0.40%)
- June 9, 2026 14:34
Vijaya Diagnostic Centre informed that Ankit Shah, CFO has resigned from the services of the Company on account of personal reasons. His last date with the Company would be on or before July 24, 2026.
- June 9, 2026 14:29
Grasim Industries to invest ₹3,094 crore in Phase-II Lyocell expansion at Karnataka plant
Grasim Industries Limited, the flagship company of the Aditya Birla Group and a global leader in cellulosic fibres, today announced an investment of ₹3,094 crore, for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka. This expansion will consist of 2 lines of 55K TPA (150 Tons per day) each. The first line is expected to be commissioned by 2028, and the second line is expected to be commissioned by 2030.
- June 9, 2026 14:28
Centrum Finverse Limited announced a strategic partnership with Bandhan Bank to offer an integrated 3-in-1 account that combines banking, demat and trading services
- June 9, 2026 14:26
Vikran Engineering approved allotment of NCDs aggregating to Rs 20 crore.
- June 9, 2026 14:25
Bajaj Auto received favourable order from Commissioner (Appeal) wherein the entire tax demand of Rs 3.51 crore along with interest and penalty amounting to Rs. 35 lakh has been set aside.
- June 9, 2026 14:16
New Street Technologies elevates Shrish Anand Lal to executive director as MiFiX.ai expands enterprise AI business
- June 9, 2026 14:16
India remains a strong structural story despite slip in global market cap rankings
India’s drop in global market-cap rankings reflects AI-driven capital flows rather than weaker fundamentals, says Bajaj Finserv AMC. With a diversified economy, broader earnings base, and lower concentration risk than Taiwan and South Korea, India remains a compelling long-term investment opportunity driven by domestic growth.
- June 9, 2026 14:15
SBM Bank India Revamps Savings Accounts, Offers Up to 7% Interest for High-Value Deposits
Revised savings structure targets higher balances and stable, granular deposit growth among India’s fastest‑growing aspirational wealth cohort
The Bank offers competitive interest rates across slabs, peaking at a top rate of 7.00% p.a. for high-value savings deposits of more than ₹25 Crores to ₹50 Crores
- June 9, 2026 14:14
HDFC Mutual Fund Launches ‘Naari Nivesh Yatra’ to Encourage Financial Awareness and Investing Among Women Across India
HDFC Mutual Fund, today launched the Naari Nivesh Yatra, a first-of-its-kind nationwide investor education and awareness initiative designed to encourage women to take charge of their financial future through informed investing and long-term financial planning
- June 9, 2026 14:09
KNR Constructions bags ₹235-crore flyover project from Hyderabad civic body; completion in 24 months
KNR Constructions is in receipt of Letter of Acceptance from Malkajgiri Municipal Corporation, Hyderabad, for Construction of 6 lane bi directional flyover crossing TKR College junction, Gayatri Nagar Junction and Mandamallamma Junction under Engineering Procurement Construction (EPC)/ Turnkey Basis in the state of Telangana worth Rs. 235 crore. The construction period for the said project is 24 months
- June 9, 2026 14:03
Wanbury announced the expanded regulatory submission for launch of new Active Pharmaceuticals Ingredients (APis)
Shares traded 4.5% positive at Rs 263.75 on the NSE
- June 9, 2026 13:55
Private capex reviving strongly and Middle-East momentum intact: L&T CFO R Shankar Raman
- June 9, 2026 13:33
Bernstein flags risk to SIP inflows if Indian markets fail to deliver returns
Bernstein flags risk to SIP inflows if Indian markets fail to deliver returns
Bernstein warns of potential SIP inflow risks if Indian markets fail to deliver significant returns in the coming year.
- June 9, 2026 13:30
Market Snapshot (1:25 p.m.)
📈 Sensex: 73,751.82 ▲ 227.56 pts (+0.31%)
📈 Nifty 50: 23,201.95 ▲ 78.95 pts (+0.34%)
- June 9, 2026 13:29
Mufin Green Finance has issued NCDs aggregating to Rs 100 crore.
- June 9, 2026 13:15
Stock up
Stock Market Live Updates: Major stocks that hit 52-week high in today’s session: Apollo Hospitals, Data Patterns, Inox India, Paras Defence and Aster DM
- June 9, 2026 13:08
Industry update
Adani Energy Solutions acquires full stake in Intellismart
Adani Energy Solutions signed the securities purchase and subscription agreement (“SPSA”) with National Investment and Infrastructure Fund (“NIIF”), Energy Efficiency Services Ltd and Intellismart Infrastructure Private Limited for acquiring 100 per cent of the equity share capital of Intellismart and redemption of the optionally convertible debentures of Intellismart held by NIIF.
Adani Energy shares traded flat at ₹1,574.20 on the NSE.
- June 9, 2026 13:04
Coal Exchange Rules notified to enable transparent coal trading, market-based price discovery
Coal Exchange Rules notified to enable transparent coal trading, market-based price discovery
The Ministry of Coal has notified the Coal Exchange Rules, 2026, paving the way for the establishment of Coal Exchanges in the country as part of efforts to modernise India's coal supply chain and create a more transparent and efficient coal market.
- June 9, 2026 13:03
Sensex, Nifty trade marginally higher at noon, bank stocks advance after RBI forex swap move
Sensex, Nifty trade marginally higher at noon, bank stocks advance after RBI forex swap move
Sensex and Nifty rise at noon, boosted by bank stocks following RBI's forex swap announcement and positive global cues.
- June 9, 2026 12:50
Sky Gold has appointed Akash Talesara as the Chief Executive Officer (CEO)
- June 9, 2026 12:50
Godrej Properties sells homes worth over Rs 2,000 crore at the launch of Godrej Vanantara in Bengalur. Shares rose 1% to Rs 1,672 on the NSE
- June 9, 2026 12:49
Banking
SBM Bank India sharpens savings rates for emerging affluent segment
SBM Bank (India) Ltd. is sharpening its retail banking strategy to better serve India’s rapidly growing emerging affluent segment. Recognising that aspirational savers want their money to work harder without sacrificing liquidity, the bank’s optimised savings account structure is designed to maximise wealth creation. Under this approach, SBM Bank India has made strategic enhancements to its slab rates, delivering competitive interest rates to help customers grow their balances faster:
5.50 per cent p.a. for savings balances more than ₹5 Lakhs to ₹10 Lakhs 6.00 per cent p.a. for savings balances more than ₹10 Lakhs to ₹50 Lakhs
- June 9, 2026 12:48
Ipo
FirstCry-promoted Swara Baby to file papers for up to ₹1,000-cr IPO in June
FirstCry-promoted Swara Baby to file papers for up to ₹1,000-cr IPO in June
Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, is planning to file draft papers with Sebi this month to raise funds up to Rs 1,000 crore through an Initial Public Offering (IPO), people familiar with the development said on Tuesday.
- June 9, 2026 12:47
Vedanta readies $5.2 billion refinancing after rating upgrades
Vedanta readies $5.2 billion refinancing after rating upgrades
Billionaire Anil Agarwal’s Vedanta Resources Ltd. is set to refinance $5.2 billion of US dollar bonds and loans, according to people familiar with the matter, as it seeks to lower borrowing costs by replacing expensive debt after securing credit-rating upgrades.
- June 9, 2026 12:40
Stock market
Defence stocks rally: Paras Defence, Data Patterns, Zen Tech up 3-7% as Nifty Defence index gains
Defence stocks rally: Paras Defence, Data Patterns, Zen Tech jump up to 7% as Nifty Defence index gains
Defence stocks surge on strong investor optimism, with Paras Defence and Zen Technologies rising 3-7% as Nifty Defence index gains.
- June 9, 2026 12:39
Kalpataru Projects International appoints Gautam Mehra as independent director
Kalpataru Projects International has informed the exchanges about the appointment of Mr Gautam Mehra as an additional director designated as an independent director for a period of five consecutive years with effect from 9 June 2026, subject to the approval of shareholders at the ensuing AGM.
- June 9, 2026 12:37
Varvee Global receives ₹12.08 crore suiting fabrics order
Varvee Global has received a purchase order for supply of approximately 9 lakh meters of suiting fabrics aggregating to an order value of approximately ₹12.08 crore. Shares traded flat at ₹69.39 on the NSE.
- June 9, 2026 12:18
HDFC Bank hikes lending rates by up to 10 bps across tenors
HDFC Bank hikes lending rates by up to 10 bps across tenors
Private sector lender HDFC Bank has increased the Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 basis points across tenors effective June 8, 2026.
- June 9, 2026 11:56
Fino Payments Bank reports strong May growth
Fino Payments Bank opened 2.94 lakh new accounts in May 2026, up 29 per cent year-on-year, while average deposits rose 10 per cent year-on-year to ₹2,762 crore. Shares rallied 8 per cent to ₹137.68 on the NSE.
- June 9, 2026 11:55
Bajaj Finserv said non-executive director Rajiv Bajaj will step down from the company’s board and will not seek re-election at the AGM scheduled on July 31, 2026.
- June 9, 2026 11:39
Industry update
Aditya Birla Sun Life MF Puts Temporary Restriction On Subscriptions In Its Gold ETF and Gold Fund, NSE Circular Shows - Reuters
- June 9, 2026 11:39
Companies
Stock Market Live Updates: Interarch Building Solutions received new work order for ₹58 crore. Shares flat at ₹1,719.90 on the NSE.
- June 9, 2026 11:35
Companies
Zepto founders received ED summons under FEMA, says updated IPO document
Zepto founders received ED summons under FEMA, says updated IPO document
Zepto founders received ED summons for information related to foreign investments and financials, as disclosed in their IPO document.
- June 9, 2026 11:35
Banking
Keeping close watch on MSME loan book as prolonged West Asia crisis may impact cashflows: Punjab & Sind Bank MD
Keeping close watch on MSME loan book as prolonged West Asia crisis may impact cashflows: Punjab & Sind Bank MD
Punjab & Sind Bank monitors MSME loans amid West Asia crisis, posts record profit, and plans substantial business growth by FY29.
- June 9, 2026 11:31
RateGain and ZentrumHub Announce Strategic Connectivity Partnership to Simplify Hotel Distribution. Shares flat at ₹750.20 on the NSE
- June 9, 2026 11:31
Forex
RBI offers discounted FX swaps at 1.5% to draw inflows
RBI offers discounted FX swaps at 1.5% to draw inflows
The Reserve Bank of India will offer state-run firms a concessional foreign exchange swap facility, allowing them to hedge overseas borrowings at roughly half of the prevailing market costs, according to some analysts.
- June 9, 2026 10:57
Companies
Faalcon Concepts secures ₹3 crore order from Sanskriti University
Faalcon Concepts has received a new work order from Sanskriti University for the site at Building Campus-1, Sanskriti University, Chhata Kosi, Mathura, Uttar Pradesh – 281401, India, with an order value of ₹3 crore.
- June 9, 2026 10:57
Not-for-profit organisation DEVI Sansthan to be listed on the Bombay Stock Exchange’s Social Stock Exchange
Public issue is scheduled to open on the 29th of June, 2026
It will support the expansion of Foundational Literacy and Numeracy (FLN) initiatives in government schools in Ranchi, Jharkhand.
The initiative will scale DEVI Sansthan’s proven FLN programmes through Accelerated learning methodologies, Teacher capacity-building programmes, Robust assessment frameworks & School-based interventions
The initiative seeks to strengthen learning outcomes for children across government schools in the district.
DEVI Sansthan (Dignity Education Vision International), a 33 year old not-for-profit organisation working in the field of Foundational Literacy and Numeracy (FLN), is set to be listed on the Bombay Stock Exchange’s Social Stock Exchange (SSE) and the public issue is scheduled to open on the 29th of June, 2026. The development marks a significant step in expanding the organisation’s mission of improving learning outcomes through transparent and impact-aligned funding.
The SSE listing will support DEVI Sansthan in scaling its literacy and numeracy interventions across schools, underserved communities, and learning ecosystems in Ranchi district. Through its innovative ALfA (Accelerating Learning for All) methodology, the organisation focuses on enabling school students to acquire foundational reading, writing, and arithmetic skills through accelerated, peer-learning-based models.
Founded in 1992 by noted educationist Dr. Sunita Gandhi, DEVI Sansthan has been actively working with governments, educators, schools, and social-impact ecosystems to implement FLN-focused programmes, teacher training initiatives, learning assessments, and community learning models designed to improve educational accessibility and learning efficiency.
The organisation’s work spans across foundational learning interventions, educator capacity-building programmes, learning outcome assessments, and large-scale literacy campaigns aimed at helping children, youth, and adults overcome learning gaps in a significantly shorter time frame.
Dr Sunita Gandhi, Former World Bank economist is the founder of DEVI Sansthan. She is also the Chief Academic Advisor of City Montessori School, the World’s largest school. DEVI Sansthan continues to collaborate with public and private stakeholders to strengthen foundational education systems and create sustainable learning models at scale.
Dr Sunita Gandhi, Founder &CEO , DEVI Sansthan added “For decades, we have seen millions of children move through education systems without acquiring basic reading and arithmetic skills. At DEVI Sansthan, our focus has always been on creating simple, scalable, and evidence-based learning models that can help every child learn effectively and with dignity.
The Social Stock Exchange listing is an important step towards strengthening transparency, expanding collaborations, and taking foundational learning interventions to communities that need them the most.”
Speaking about the development, Nixon Joseph - Group Executive Director of DEVI Sansthan & Former President of SBI Foundation, said:
“Foundational Literacy and Numeracy is one of the most critical challenges within the education ecosystem today. At DEVI Sansthan, we have consistently focused on building scalable and evidence-based learning models that can create measurable social impact.
The Social Stock Exchange listing reflects our commitment towards transparency, accountability, and long-term impact. It will help us strengthen our outreach, deepen collaborations, and expand access to quality foundational learning for underserved communities across geographies.”
Funds mobilised through the SSE will support foundational literacy and numeracy programmes, teacher training initiatives, learning assessments, accelerated learning interventions, and school based education models aimed at improving learning outcomes at scale.
- June 9, 2026 10:56
Logistics
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loan
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loan
SpiceJet faces pilot pay delays amid financial struggles, seeking a government-backed loan to stabilize operations.
- June 9, 2026 10:55
Stock down
NLC India falls over 4% after Govt launches OFS at discount
NLC India falls over 4% after Govt launches OFS at discount
Shares of NLC India fell 4.6 per cent in early trade on Tuesday after the government announced an offer-for-sale (OFS) to divest up to a 3 per cent stake in the company at a discount to the prevailing market price.
- June 9, 2026 10:39
Companies
Grasim Industries announces ₹3,094 crore Lyocell expansion
Grasim Industries Ltd, the flagship company of the Aditya Birla Group and a global leader in cellulosic fibres, has announced an investment of ₹3,094 crore for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka.
This expansion will consist of two lines of 55K TPA (150 tons per day) each. The first line is expected to be commissioned by 2028 and the second by 2030.
- June 9, 2026 10:37
NSE
Nifty Prediction today – June 9, 2026: Nifty 50 futures: Can fall again
Nifty Prediction today – June 9, 2026: Nifty 50 futures: Can fall again
Nifty 50 shows mixed signals; potential fall to 23,050 if it fails to sustain above 23,320.
- June 9, 2026 10:36
Companies
Govt’s 3% share sale in NLC India opens for subscription
Govt’s 3% share sale in NLC India opens for subscription
The government's offer for sale of up to 3 per cent stake in NLC India got off to a smooth start on Tuesday, with strong participation from non-retail investors.
- June 9, 2026 10:32
Adani Enterprises acquires full stake in Portus Ventures
Adani Enterprises shares traded flat at ₹2,962 on the NSE after its step-down subsidiary acquired a 100 per cent stake in Portus Ventures to undertake new real estate activities.
- June 9, 2026 10:31
Companies
Marsons bags ₹9.48 crore order from West Bengal electricity firm
Marsons has received an order for repairing, inspection and testing of 50MVA, 132/33 KV power transformers, including to and fro transportation, worth ₹9.48 crore from West Bengal State Electricity Transmission Company Ltd.
- June 9, 2026 10:28
Vodafone Idea, Bharti Airtel trade flat after early gains on Bombay HC relief in spectrum dues case
Vodafone Idea, Bharti Airtel trade flat after early gains on Bombay HC relief in spectrum dues case
Shares of Vodafone Idea and Bharti Airtel turned flat in trade on Tuesday after rising in early deals following the Bombay High Court’s decision to set aside the Centre’s retrospective levy of one-time spectrum charges on telecom operators for spectrum held beyond 6.2 MHz between 2008 and 2012.
- June 9, 2026 10:27
Forex
Rupee rises 20 paise to 95.41 against US dollar in early trade
Rupee rises 20 paise to 95.41 against US dollar in early trade
Rupee gains 20 paise to 95.41 against the US dollar as geopolitical tensions ease and oil prices decline.
- June 9, 2026 10:24
Zepto filed an updated draft red herring prospectus (UDRHP) with SEBI for its proposed initial public offering (IPO)
The offering comprising a fresh issue of shares worth ₹8,010 crore and an offer-for-sale (OFS) by existing investors.
- June 9, 2026 10:24
Eternal shares were down over 1% to Rs 244.
- June 9, 2026 10:23
Swiggy shares traded flat at Rs 243.40 on the NSE at 10.18 am after hitting a 52-week low of Rs 238.50 in early trade.
- June 9, 2026 10:23
Tata Steel shares flat at Rs 201.20 on the BSE
Company is set to raise ₹3,000 crore through a sale of five-year bonds, while Tata Projects, a real estate firm, could raise ₹500 crore to to ₹1,000 crore through a combination of three-year and five-year papers. -
- June 9, 2026 10:08
Banking stocks rise on forex swap facility for overseas borrowings
Banking stocks rise on forex swap facility for overseas borrowings
Indian bank shares surge as RBI announces forex swap facility for overseas borrowings with a minimum three-year maturity.
- June 9, 2026 09:59
Paytm plans 10% staff increase in AI pivot with some roles cut
- June 9, 2026 09:58
Zepto files updated IPO papers with SEBI; plans ₹8,010 crore fresh issue
Zepto files updated IPO papers with SEBI; plans ₹8,010 crore fresh issue
Zepto files updated IPO papers with SEBI for ₹8,010 crore to expand its dark store network in India.
- June 9, 2026 09:56
Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
Kellton shares rose 2% on the NSE to Rs 15.57; Oil India shares were down 1% to Rs 474.65.
- June 9, 2026 09:44
Companies
Vishal Mega Mart appoints Anurag Krishna as VP & Head of Internal Audit
Vishal Mega Mart has informed the exchanges about the appointment of Anurag Krishna as Vice President & Head - Internal Audit and Senior Management Personnel of the company with effect from 9 June 2026.
- June 9, 2026 09:43
Stock Market Live: Updates from brokerages
UBS downgrades telecom stocks on cautious outlook
UBS downgraded Indus Towers to Sell with a target price of ₹395 and Bharti Airtel to Sell with a target of ₹1,800, while maintaining Neutral on Vodafone Idea with a target of ₹15. The brokerage maintained a cautious view on the sector amid difficult macro conditions and rising inflationary pressures. It believes consensus expectations of a mobile tariff hike in FY27 are at risk, with sector revenue growth slowing to around 8 per cent YoY in Q4FY26.
HSBC initiates coverage on IDFC First Bank
HSBC initiated coverage on IDFC First Bank with a Buy rating and target price of ₹90. IDFC First Bank is a play on multi-year high loan growth and operating leverage across business segments. Execution has been strong recently, with the brokerage seeing 35 per cent core PPOP CAGR in FY26-29e and ROA/ROE expansion. The bank is positioned to grow its loans by around 20 per cent CAGR over FY26-29e.
HSBC initiates Buy on Belrise Industries
HSBC initiated coverage on Belrise with a Buy rating and target price of ₹270. Belrise is moving into more advanced fabrication to cater to rising passenger and commercial vehicle needs. This strategy is supported by various recent acquisitions, and it is also diversifying into defence and aerospace segments. Simplification of its group structure should further enhance shareholder value.
Brokerages mixed on IndiGo after analyst day
Goldman Sachs maintained Buy on InterGlobe Aviation (IndiGo) with a target price of ₹5,300. JPMorgan kept Neutral with a target of ₹4,610, while Jefferies maintained Buy at ₹5,380 and Morgan Stanley kept Overweight with a target of ₹5,844. HSBC maintained Buy with a target of ₹5,545. Key highlights include single-digit capacity growth in FY27, international mix target of 40 per cent by FY30, and focus on yields amid cost pressures.
Jefferies on RBI’s FCNR-B and ECB measures
Jefferies noted that terms on FCNR-B and ECB raising are supportive. These measures can drive larger inflows of $50-70 billion versus $34 billion in 2013, with leverage being a key attraction.
Citi revises BoP forecast after RBI measures
Citi now expects a BoP surplus of $5 billion in FY27 after incorporating $10 billion from the OFCB route. It expects USDINR to move towards 93 in the short run. Relative beneficiary among equity financials is HDFC Bank, while government-owned NBFCs such as PFC, REC and IRFC gain direct hedging relief.
HSBC maintains Hold on Nestle India
HSBC maintained Hold on Nestle India with a target price of ₹1,450. The MPN segment clocked only 1 per cent YoY revenue growth in FY26, even as other segments delivered a robust year. Strong portfolio, but growth upgrades look difficult and valuations are steep.
HSBC holds Tata Motors PV with ₹450 target
HSBC maintained Hold on Tata Motors PV with a target price of ₹450. Multiple headwinds in FY26 saw JLR’s net debt position fall back to FY23 levels. It increased JLR margin estimates as it expects lower warranty costs in FY27 and onwards.
Jefferies positive on renewable energy demand
Jefferies reiterated Buy on Emmvee with a target of ₹360 and on Premier with a target of ₹1,135. Power demand rose double digits YoY in May, driven by cooling demand. Harsh summer, weak monsoon forecast and high probability of El Niño should sustain demand growth, supporting a pickup in renewable energy tendering in 2HFY27.
Jefferies maintains Hold on Infosys
Jefferies maintained Hold on Infosys with a target price of ₹1,235. It outlined the company’s strategy to evolve from tech implementer to a value orchestrator, with sharp rise in R&D spend reflecting focus on building AI capabilities.
Jefferies on utilities sector outlook
Jefferies noted demand improving with execution ramp-up to follow. Power demand in April-May 2026 has been strong at 7 per cent YoY. Top picks are JSW Energy, Adani Energy Solutions and NTPC. It raised targets for Adani Green Energy to ₹1,735, Adani Energy Solutions to ₹1,905 and JSW Energy to ₹745.
Jefferies upbeat on aerospace and defence
Jefferies highlighted FY26 order flow rose 9 per cent YoY for the coverage universe. It believes power equipment and defence remain the best way to play the sector. Top picks: Siemens Energy, Hitachi Energy, HAL, BEL, KEI and L&T.
Jefferies on electricals sector
Jefferies noted that a below-normal monsoon forecast for 2026 can benefit air conditioner companies. It estimated FY27 UCP sales of Voltas and Blue Star to grow by 15-16 per cent YoY.
MOSL initiates Buy on Gabriel India
MOSL initiated coverage on Gabriel India with a Buy rating and target price of ₹1,266. The company is transforming into a scalable mobility platform with a significantly larger growth runway. It estimated revenue/EBITDA/PAT CAGR of 22 per cent/23 per cent/55 per cent for FY26-FY28E.
Brokerages highlight EMS growth potential
JP Morgan noted exports outpaced domestic in FY26 for EMS companies, which could be the next frontier of growth. Dixon Tech remains its top pick.
Bernstein survey on Indian capital markets
Bernstein’s survey indicated markets are on the clock with domestic flows potentially weakening. Many investors plan to maintain or reassess SIPs, with flows for asset managers with higher reliance on direct-plan investors likely to be more volatile.
Nomura maintains positive stance on steel
Nomura maintained positive stance on the Indian steel sector. Domestic HRC prices moderated while rebar prices declined sharply. India remained a net importer in May 2026.
Nomura on Indian pharma April sales
Nomura’s April-IQVIA data showed ex gRevlimid, three-month sales for April 2026 rose the most for Zydus and declined the most for Lupin.
Nomura maintains Buy on Motherson Sumi Wiring
Nomura maintained Buy on Motherson Sumi Wiring with a target price of ₹50. Outlook remains healthy based on OEM production schedules.
UBS on apparel exporters amid Middle East conflict
UBS noted no demand shock for Indian apparel suppliers despite the Middle East conflict, with stable relationships and recovering utilisation. Sharp increase in raw material costs is creating margin pressure that suppliers are trying to pass on partially.
Elara initiates Buy on Bharti Airtel
Elara initiated Buy on Bharti Airtel with a target of ₹2,387, Buy on Bharti Hexacom at ₹1,756 and Accumulate on Indus Towers at ₹491. The sector is in multi-year recovery with expected ARPU CAGR accelerating to 7 per cent during FY26-29E.
Kotak maintains Buy on SBI
Kotak Institutional Equities maintained Buy on SBI with a fair value of ₹1,250. The brokerage highlighted steady execution with resilient RoE despite NIM pressures.
Citi maintains Neutral on Cognizant
Citi maintained Neutral on Cognizant with a target price of $55. Management highlighted growing TAM related to AI-based demand for enterprises.
Citi India equity strategy highlights key sectors
Citi reinforced its thesis on stocks including Axis Bank, ICICI Bank, M&M, Angel One, CG Power, Polycab, HUL, Torrent Pharma, GAIL and JSW Cement. Key overweight: financials, healthcare, defence and utilities. Key underweight: IT services, staples and metals. Nifty Dec’26 target is 27,000.
Axis Capital on equity supply trends
Axis Capital noted May equity supply landed at ₹344 billion. Equity supply is likely to remain weak in the near term with no major IPO planned for June.
Jefferies on emerging markets positioning
Jefferies observed EM returns have never been more concentrated. It still finds AI earnings robust but noted momentum as a style could be subdued.
- June 9, 2026 09:41
Stock Market Live Updates: Markets open higher, led by banks
Markets open higher, led by banks
Indian markets rise with Nifty up 0.46%, driven by banks amid easing tensions between Israel and Iran.
- June 9, 2026 09:38
Commodities
Crude oil futures decline after Iran, Israel agree to stop attacks
Crude oil futures decline after Iran, Israel agree to stop attacks
Crude oil futures drop as Iran and Israel agree to cease attacks, impacting market prices amid ongoing peace negotiations.
- June 9, 2026 09:35
Industry update
Hindustan Copper appoints new CMD
Hindustan Copper Ltd on Monday said Anupam Misra will take charge as the company’s Chairman & Managing Director on 1 July 2026. Shares rose 2 per cent to ₹515.45 on the NSE.
- June 9, 2026 09:35
Stock up
Stock market Live: Panacea Biotec jumps on dengue vaccine project
Panacea Biotec shares zoomed 9 per cent to ₹604.80 on the NSE after joining the DENSTAR consortium to advance licensure of its single-dose tetravalent dengue vaccine, DengiAll, in sub-Saharan Africa.
- June 9, 2026 09:34
Stock up
Stock Market Live: JSW Energy gains on wind blade plant commissioning
JSW Energy shares were up 1 per cent on the NSE to ₹577.10 after it commissioned its wind blade manufacturing plant at Halol.
- June 9, 2026 09:34
Stock up
Stock Market Live Updates: Avantel rises on DRDO contract
Avantel shares rose over 4 per cent to ₹167.58 on the NSE after securing a contract worth ₹9.94 crore (including taxes) from the Defence Research and Development Organisation (DRDO) for the development and testing of satellite terminals for GSAT.
- June 9, 2026 09:33
Companies
JNK India surges on UAE contract win
JNK India shares rallied 12 per cent to ₹467.45 on the NSE after it informed exchanges about a significant international contract win from UAE’s CC7 Emirates Engineering Solutions.
- June 9, 2026 09:33
Industry update
JSW Steel reports May crude steel output
JSW Steel reported consolidated crude steel production of 22.93 lakh tonnes for May 2026. Shares traded flat at ₹1,262.40 on the NSE
- June 9, 2026 09:32
Info tech
TCS shares remain flat after launching new AI business unit
Tata Consultancy Services (TCS) shares were flat at ₹2,153.30 on the NSE following the launch of a Global Value & Innovation Centres (GVIC) Business Unit that will help enterprises establish AI-native GCCs while assisting existing GCCs to move towards a value- and innovation-led operating model.
- June 9, 2026 09:27
Tata Steel and Tata Projects plan bond sales after year-long gap, bankers say
Tata Steel and Tata Projects plan bond sales after year-long gap, bankers say
Tata Steel and Tata Projects plan to raise ₹3,000 crore and ₹500-₹1,000 crore through bond sales after a year-long hiatus.
- June 9, 2026 09:24
NLC India shares traded at Rs 327.45 on the NSE, down 2%. The Government to sell up to 3% stake in the company through an offer for sale at a floor price of ₹303 a share.
- June 9, 2026 09:23
NSE
Nifty 50 top gainers and losers
Top gainers: Trent (+2.60%), IndiGo (+1.80%), Grasim Industries (+1.56%), Eternal (+1.35%), Jio Financial (+1.27%).
Top losers: Infosys (-0.59%), Sun Pharma (-0.42%), Tata Steel (-0.52%), NTPC (-0.54%), Hindalco (-0.56%).
- June 9, 2026 09:22
Info tech
Wipro announced Rs 15,000 crore buyback, priced at Rs 250 per share.
- June 9, 2026 09:22
Stock market
Stock Markets Live: Sensex gained 319.55 pts or 0.43% to 73,843.81 at 9.16 am, opening at 74,035.41 from the previous close of 73,524.26, and Nifty 50 was up 104.85 pts or 0.45% to 23,227.85.
- June 9, 2026 09:22
Quote: Vikram Kasat, Head Advisory, PL Capital
Positive Wall Street cues, fall in crude prices may help stocks recover some ground on Dalal Street. Participants may watch for some stability in newsflows from Middle East and hope for a resolution in ongoing war in gulf. Focus on stock specific action to remain relevant in voltile markets. Likely 70-80 point downtick on opening quotes of Nifty. Weekly expiry too! Focus on Pharma space for long trades.
- June 9, 2026 09:21
Commodities
Crude oil futures decline after Iran-Israel agreement
Crude oil futures traded lower on Tuesday morning after Iran and Israel agreed to stop attacks on each other. At 9:13 am on Tuesday, August Brent oil futures were at $93.27, down 1.06 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $90.06, down 1.36 per cent.
June crude oil futures were trading at ₹8,625 on the Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹8,707, down 0.94 per cent, while July futures were trading at ₹8,490 against the previous close of ₹8,566, down 0.89 per cent.
- June 9, 2026 09:20
Companies
Stock Market Live Updates: GMR Power and Urban Infra sells 26% stake in Portus Ventures to Adani Airport City Ltd
GMR Power and Urban Infra, along with Shree Naman Developers Private Ltd, has entered into a share purchase agreement with Adani Airport City Ltd for the sale of its entire 26 per cent stake in Portus Ventures Private Ltd.
PVPL is a joint venture company formed for land development activities within the Chhatrapati Shivaji Maharaj International Airport in Mumbai. The project is in the pre-planning phase and has recently entered the construction phase.
- June 9, 2026 09:19
Quote: Ravi Singh – Chief Research Officer – Master Capital Services Limited
MCX August Gold futures witnessed a highly volatile session, hitting an intraday low of 152,712 before recovering to settle at 154,784. Despite the sharp decline, prices managed to close above the crucial 55-day EMA, indicating that buyers are still defending key support levels. The recent low near 152,700–153,000 now becomes an important support zone, and as long as prices hold above this region, buying on dips may continue to emerge. On the upside, immediate resistance is placed near 156,500, followed by a stronger hurdle around 158,500. A sustained move above these levels could improve near-term sentiment and trigger a broader recovery.
However, International Gold prices held steady near an 11-week low as markets assessed the halt in hostilities between Iran and Israel, which reduced safe-haven demand for bullion. Investors remained cautious ahead of the upcoming U.S. Consumer Price Index (CPI) data, which is expected to provide fresh clues on the Federal Reserve’s interest-rate outlook. A firm U.S. dollar and easing geopolitical tensions continued to limit upside momentum in international gold prices.
- June 9, 2026 09:14
Economy, government finances, see mounting costs from Iran war
Economy, government finances, see mounting costs from Iran war
India's economy faces rising inflation and government finance pressures amid escalating costs from the Iran war and oil supply disruptions.
- June 9, 2026 09:12
Companies
Va Tech Wabag secures Ajman sewage biorefinery contract
Va Tech Wabag (Wabag), a leading pure-play multinational water technology group, has secured the design and build contract for the proposed Ajman Sewage Biorefinery Plant – Phase 3 in the United Arab Emirates from Ajman Sewerage (Private) Company Ltd.
The project will be executed through a consortium arrangement, with Wabag serving as the consortium leader. The project, scheduled to be executed over a 24-month period, includes the design, engineering, procurement, and construction of a 60 MLD sewage treatment plant, along with inlet works, primary and secondary treatment systems, and comprehensive sludge management facilities comprising digesters, gas holders, scrubbers, and power generation systems.
- June 9, 2026 08:47
Quote: Avinash Shekhar, Co-Founder & CEO, Pi42
“Bitcoin’s move back above the $63,000-$64,000 range signals renewed confidence in the digital asset market and reflects improving sentiment across the broader crypto ecosystem. The asset’s ability to reclaim key price levels after a period of volatility indicates that investors continue to view Bitcoin as a long-term store of value and portfolio diversification tool. Growing participation from both retail and institutional investors, coupled with increasing awareness around digital assets, is helping strengthen the foundation for the next phase of market growth. As adoption expands globally, the market is becoming increasingly driven by conviction and utility rather than short-term speculation.
For investors, the current environment highlights the importance of maintaining a disciplined and long-term approach. While price movements can attract attention, successful investing in digital assets is often built on consistency, diversification, and a clear investment horizon. Investors should focus on fundamentally strong assets, stagger allocations through market cycles, and avoid making decisions based solely on short-term momentum. As the digital asset ecosystem continues to mature, those who remain focused on long-term trends and broader adoption are likely to be better positioned to capitalize on emerging opportunities.”
- June 9, 2026 08:31
Watch | Today's Stock Recommendation: June 9, 2026
- June 9, 2026 08:30
Stock Market Live Updates: EQUITY PREVIEW
Avantel (AVTS): Gets order from DRDO worth INR99.4m
Avenue Supermarts (DMART): Invests about INR1.5b in subsidiary
Aye Finance (AYE): Approves raising bonds of up to INR equivalent of $15m
Dev Accelerator (DEVX): Buys 2 Bengaluru office assets with Prestige group
Dynacons Systems (DYCS): Gets INR1.26b of 5-Year contract from Central Bank of India
Fineotex Chemical (FTXC): Expands capacity by 150m pounds/year at Texas
Grasim Industries (GRASIM): Board Approves Capital Expenditure of 30.94B Rupees
HCL Technologies (HCLT): Introduces AI innovation zone with Google Cloud
InterGlobe Aviation (indigo): Sees Single-Digit Capacity Growth, XLR deliveries in FY27
IRB Infrastructure (IRB): May toll revenue INR8.43b, up 25% Y/y
JSW Energy (JSW): Commissions Halol wind blad manufacturing plant
JNK India (JNKINDIA): Gets large order of between INR1b-3B
Rail Vikas Nigam (RVNL): Gets INR2.21b order from South East Central Railway
Reliance Industries (RELIANCE): Gives details related party transactions with units & joint venture
Sumeet Industries (SUMEETIN): Approves rights issue of INR1.99b at INR11.86/share
Tata Consultancy (tcs): Wins Multimillion-Euro Deal From Canada Life
Tata Motors (TMCV): Chery Says It Has No Technology Transfer Arrangements in India
- June 9, 2026 08:30
Stock Market Live Updates: Key highlights
DYK: FIFA World Cup trophy value surges since 1974
The solid-gold FIFA World Cup trophy is valued at about $747,000 and its value has increased roughly 3,000 per cent since 1974.
Global newsflow: Iran, Israel pledge to end attacks
Iran and Israel have pledged to end attacks that threatened talks. Asian stocks rebounded on Iran optimism and the AI trade. SpaceX IPO is said to be well oversubscribed with orders closing on Wednesday, according to Bloomberg. Canada is planning to propose a ban on social media for children under 16.
Interesting factoid: North Korea’s surprising economic success
The world’s most surprising economic success story is North Korea. A WSJ article says that arms sales to Russia and goods from China provide a boost despite sanctions, with the regime wealthier than ever.
Japan rejects China’s ‘new militarism’ accusation
Japan has rejected China’s accusation that it is pursuing “new militarism,” with Tokyo’s defence chief calling it hypocritical. “Isn’t it strange that China, who has a huge arsenal of nuclear weapons and strategic bombers calls out Japan, who has neither of such weapons, for so-called ‘new militarism,’” Defence Minister Shinjiro Koizumi said in a speech at the Shangri-La defence forum in Singapore. His speech provided a rare moment of direct criticism of China at the conference.
Post-Iran war outlook: Energy markets face prolonged volatility
Among all the impacts of the Iran war’s shutdown of the Strait of Hormuz, perhaps the most significant is the worldwide scramble for secure supplies of energy. Even after the conflict ends, a prolonged adjustment period looms as countries rebuild stockpiles and West Asian producers restore output. This is expected to keep oil prices volatile and likely elevated in the $70s–$80s range for years. The crisis marks a defining moment for world energy markets, accelerating a shift toward greater energy security, diversified sources, increased investment and faster electrification, further amplified by surging electricity demand from AI data centres.
- June 9, 2026 08:29
Citi India equity strategy: Key picks and Nifty target
Stocks where the thesis is reinforced include Axis Bank, ICICI Bank, M&M, Angel One, CG Power, Polycab, HUL, Torrent Pharma, GAIL and JSW Cement. Key underweight sectors are IT services, staples and metals. Citi’s Nifty Dec’26 target is 27,000 (19x one-year forward PE). Geopolitical uncertainty is now becoming a permanent operating condition. Visible areas of long-term growth opportunities include data centres, MSME finance, healthcare and middle-income consumption. India needs to drive R&D spends higher as an economy to unlock higher growth and productivity potential.
- June 9, 2026 08:28
Stock Market Live Updates: Stocks in News
Dynacons: Company bags Rs. 125.88 Cr AI & private cloud project from Central Bank Of India, for expansion of the bank’s Private Cloud infrastructure. (Positive)
HCLTech: Company has launched an AI Innovation Zone in Santa Clara, California, in collaboration with Google Cloud. (Positive)
IRB Infrastructure: Company reports 25% YoY jump in May toll revenue to Rs. 843 crore. (Positive)
JNK India: Company secures large order from UAE’s CC7 emirates engineering solutions; order worth between Rs. 100-300 Cr (Positive)
SML Mahindra - CV Sales at 1,678 units vs 1,503 units; up 11.6% YoY, CV exports at 89 units vs 40 units YoY (Positive)
Royal Orchid Hotels: Company launches new property “Z by Regenta city centre” in Ahmedabad; designed for gen z and millennial travelers. (Positive)
Avantel Limited: Company bags an order worth Rs. 9.94 crore from Defence Research and Development Organisation for manufacturing and related services. (Positive)\u0009
JSW Energy: Company commissions its wind blade manufacturing plant at Halol, Gujarat (Positive)
Rail Vikas Nigam Ltd: Company secures Rs. 221.33 Cr order from South East Central Railway. (Positive)
Shanti Gold International Limited: Company has successfully commenced commercial production at its new manufacturing facility located in Marol, Andheri, Mumbai. (Positive)
Lemon Tree: Company expands in Jaipur with New 88-Room Keys Prima Property (Positive)
TCS: Company has launched a specialized business unit to help global enterprises build and scale Global Capability Centres (GCCs). (Positive)
Bharti Airtel/ Vodafone Idea: Bombay High Court gives Rs 20,000 crore relief. This was regarding one time spectrum charges matter. (Positive)
Cera Sanitaryware: Goldman Sachs India Equity Portfolio bought 1.18 lk shares. (Positive)
Rushil Décor: Company expands capacity with new Gujarat Laminate Unit. (Positive)
Panacea Biotec: Company has launched the “DENSTAR” project aimed at developing a dengue vaccine specifically for Africa. (Positive)
Hindustan Copper Ltd: Company has received an order from the Ministry of Mines, Government of India, appointing Shri Anupam Misra as Chairman & Managing Director (CMD) (Neutral)
\u0009\u0009
Simplex Castings Ltd: Company is advancing its green energy transition by signing a 25-year Power Purchase Agreement (PPA) with Natraj Energy, a Raipur-based firm (Neutral)
Grasim Industries: Company has approved a capex of ₹3,094 Cr to expand Lyocell capacity by 110K TPA at Harihar, Karnataka. (Neutral)
Oswal Pumps: Company has announced the successful completion of its acquisition of an additional 13,07,000 Equity Shares in Walso Solar Solution Private Limited (Neutral)
Allcargo Terminals: Company has announced the resignation of Mr. Vaishnavkiran Shetty from his position as Non-Executive, Non-Independent Director (Neutral)
NIBE Ltd: Company has allotted 3,20,000 equity shares of face value ₹10 each at ₹1258 per share to Eminence Global Fund PCC – Eubilia Capital Partners Fund I (Neutral)
Adani Ent: Adani Airport City Ltd acquires 100% of Portus Ventures – a Gujarat-based real estate & hospitality firm. (Neutral)
ABFRL: Subsidiary increased stake in Bewakoof by 10.02%, now holding 99.03% equity. (Neutral)
Electronics Mart: New multi-brand store Bajaj Electronics now operational in Karimnagar, Telangana. (Neutral)
Euro Panel: Approval granted parent company to establish a subsidiary in India. (Neutral)
Deepak Builders: Company has fixed June 19, 2026 as the record date for its equity shareholders for sub-division of equity shares of face value ₹10 each into 10 equity shares of face value ₹1 each. (Neutral)
Amber Enterprises: NCLT approves amalgamation of wholly owned subsidiary AmberPR Technoplast into Company (Neutral)
Titan: Company has redeemed Commercial Papers worth Rs 1,000 crore. (Neutral)
HDB Financial: Board is scheduled to meet on June 11 to consider various fundraising options. (Neutral)
Brigade: Company set June 17 as the record date to determine shareholder eligibility for a 1:3 bonus issue of equity shares. (Neutral)
Ather Energy: Board will meet on June 12 to consider a potential fundraise via the issuance of bonds. (Neutral)
Ratnaveer Precision: Board will meet on June 11 to consider a potential fundraise. (Neutral)
Financial stocks: RBI is allowing banks to issue Standby Letter of Credit ( to overseas banks- to lend to NRIs against the FCNR(B) deposit itself as collateral (Neutral)
NLC India: Promoter has announced OFS of Rs 1260 cr at a floor price of Rs 303/sh, a discount of 9.75%. (Negative)
- June 9, 2026 08:28
Stock Market Live: IT STOCKS ; US COURT STRIKES DOWN $100,000 H-1B VISA FEE 🇺🇸⚖️
• 🏛️ US District Judge ruled the $100,000 H-1B visa fee imposed by the Trump administration is unlawful
• ❌ Court ordered the fee to be invalidated following a lawsuit by 20 Democratic state attorneys general
• 💰 The fee had significantly increased the cost of obtaining new H-1B visas and expedited processing
• 👨💻 H-1B remains one of the most sought-after visas for skilled foreign professionals
• 🇮🇳 Indian IT companies are among the largest users of the H-1B visa program
🟢 Impact: Positive for Indian IT companies (TCS, Infosys, HCLTech, Wipro, Tech Mahindra, LTIMindtree) as it reduces visa-related costs and improves workforce mobility.
- June 9, 2026 08:28
Stock Market Live: Jefferies On Industrials
Defence and power standout on capex visibility
Believe Power equipment and defence remain the best way to play the sector
Top picks- Siemens Energy, Hitachi, HAL, BEL, KEI, and L&T
FY26 order flow rose 9% YoY for the coverage universe, led by L&T and BEL.
- June 9, 2026 08:27
Stock market
Stock Market Live Updates: Stocks to watch
Panacea Biotec’s dengue vaccine project
A new four-year international project called DENSTAR has launched to test, get approval for, and distribute a dengue vaccine named DengiAll in sub-Saharan Africa and worldwide. Developed by Panacea Biotec, it is a single-dose, cost-effective shot that does not require prior blood testing.
NLC India OFS details
The government is conducting an offer for sale in NLC India Ltd of ₹1,260 crore at a floor price of ₹303 per share, a discount of 9.75 per cent.
Vodafone Idea, Airtel gain from HC order
The Bombay High Court has set aside the DoT’s demand on one-time spectrum charge, removing a ₹20,000 crore regulatory overhang for the sector. This improves liquidity, borrowing capacity, the probability of successful network investments, fundraising and subscriber retention for Vodafone Idea.
Other updates
Aequs has a six-month lock-in on 146 million shares valued at $298 million, or 22 per cent of total outstanding shares. Nomura’s April-IQVIA data shows ex gRevlimid, three-month sales for April 2026 rose most for Zydus and declined most for Lupin. Jefferies reiterated buy on Emmvee (target ₹360) and Premier (target ₹1,135) amid strong power demand. HSBC maintained buy on Belrise with a target of ₹270.
- June 9, 2026 08:26
Macro and Market update | June 9, 2026
AI’s Glass House: Faultlines Threatening the Rally: The recent global sovereign bond sell-off, driven by renewed inflation risks from energy shocks and disrupted supply chains, has clouded the outlook of asset markets. US yields remain elevated, roughly 50bp above pre-war levels (two-year up ~60bp as on end-May 2026), even as AI rallies on new product launches, booming demand for high-bandwidth memory and infrastructure hardwares. *We identify key fault lines in the AI expansion — escalating input cost, heavier debt-funded capex in a scenario of rising interest rate, and growing energy imbalances — that could interrupt the market’s presumed one-way upward move.
Meanwhile, Iran announced a halt to its military operations against Israel, signalling a ceasefire after months of escalating tensions across the region. However, Tehran coupled the announcement with a stern warning that any renewed Israeli military action would trigger a stronger response.
Separately, a federal judge struck down the $100,000 fee imposed on new H-1B visas for highly skilled foreign workers by President Donald Trump, ruling the charge unlawful and invalid. US District Judge Leo Sorokin in Boston issued the decision in a case brought by 20 Democratic state attorneys general.
In Asia, South Korea’s economy grew at a stronger pace in Q1 2026 than previously estimated. Revised data from the Bank of Korea showed GDP expanding 1.8% QoQ in the January-March quarter, compared with the earlier estimate of 1.7%.
Adding to the positive sentiment around AI, Nvidia announced a series of partnerships in South Korea with technology giants SK Hynix and Naver as it seeks to secure critical memory chips and broaden its customer base. Nvidia CEO Jensen Huang noted that SK Hynix’s plan to double memory wafer capacity by 2030 may still be insufficient to meet surging AI-related demand.
On the trade front, India is likely to operationalise its trade agreement with the US only after ensuring that tariff rates under the pact are lower than those applicable to competing economies, according to a senior commerce ministry official. The official added that the US is likely to offer India a lower tariff under Section 301 of the US Trade Act of 1974.
Against the West Asia crisis backdrop, Indian Oil Minister Hardeep Singh Puri stated that any expansion of the Gulf crisis into other regions could create fresh challenges and remain a cause for concern. However, he highlighted that India currently holds sufficient oil and gas reserves to last 76-80 days.
On the domestic front, the Centre has reduced the number of subsidised LPG cylinders available annually under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine to four, while retaining the subsidy at ₹300 per 14.2-kg cylinder. Under the revised framework, PMUY beneficiaries will receive the subsidy on only the first four refills each year, translating into an annual benefit of ₹1,200 per household.
Meanwhile, India’s current account recorded a surprise surplus of $7.1 billion in Q4FY26, equivalent to 0.7% of GDP, supported by a strong invisible trade surplus and a sequential narrowing in the merchandise trade deficit. The surplus compares with $13.7 billion, or 1.4% of GDP, recorded in Q4FY25. For FY26 as a whole, however, the current account deficit stood at $25.2 billion, or 0.6% of GDP, compared with $22.9 billion, or 0.6% of GDP, in FY25.
Asian market
Asian market opened higher today followed by the US market as sentiment was buoyed by a bounce back in chip stocks and announcements from Iran and Israel that they had halted attacks against each other for now.
Brent: 93.90 DXY: 100.02 US10Y: 4.50% GIFTNIFTY: -0.38%
- June 9, 2026 08:19
Stock Market Live Updates: Indian equities set to open flat; IT stocks in focus
Indian equities set to open flat; IT stocks in focus
NLC India OFS at ₹303; Grasim approves ₹3,094 crore capex for Lyocell expansion
- June 9, 2026 07:24
US judge strikes down Trump’s $100,000 H-1B visa fee as unlawful tax
US judge strikes down Trump’s $100,000 H-1B visa fee as unauthorised tax
A US federal judge has invalidated Donald Trump’s $100,000 H-1B visa fee, ruling it was an unauthorized tax imposed without Congress' approval.
- June 9, 2026 07:24
Zepto files updated IPO papers, plans ₹8,010 crore fresh issue
Zepto files ₹8,010 crore IPO papers as quick commerce race intensifies
Zepto has filed IPO papers with SEBI to raise ₹8,010 crore. The quick commerce unicorn targets expansion as India’s fast delivery market heats up.
- June 9, 2026 07:23
India aviation market exciting but high fuel costs remain a challenge: IATA chief
India aviation market exciting but fuel costs remain a challenge: IATA chief
India’s aviation market is strong but high fuel costs and taxes may slow growth, says IATA chief Willie Walsh ahead of taking over as IndiGo CEO.
- June 9, 2026 07:23
Info tech
From Siri AI to child safety tools: key takeaways from Apple’s WWDC 2026
From Siri AI launch to Liquid Glass redesign: key takeaways from Apple WWDC
Apple has upgraded Siri with AI capabilities at WWDC, adding Apple Intelligence, child safety tools, and deeper app integration across its ecosystem.
- June 9, 2026 07:21
ChatGPT maker OpenAI files confidential IPO paperwork, eyes public listing option
OpenAI files confidential IPO paperwork, signals possible wall street debut
OpenAI files confidential IPO paperwork with SEC, opening door to potential listing as AI race heats up with rivals like Anthropic and SpaceX.
- June 9, 2026 07:21
Zepto cuts Q4 loss to Rs 1,539 crore as revenue jumps 75% to Rs 7,498 crore
Zepto Q4 loss narrows; revenue climbs 75% to Rs 7,498 crore
Zepto files IPO papers with Sebi as revenue surges 75% in Q4 FY26, even as full-year losses widen ahead of its Rs 11,000 crore listing plan.
- June 9, 2026 07:20
Zepto IPO: Aadit Palicha, Kaivalya Vohra to hold stake; Nexus Ventures biggest seller in OFS
Zepto founders to retain full stake as investors line up major IPO exit
Zepto founders Aadit Palicha and Kaivalya Vohra will not sell shares in IPO as VCs plan Rs 11,000 crore exit. Listing expected in July.
- June 9, 2026 07:17
US to launch $750 premium visa service for faster interview appointments
US to offer $750 premium visa service for faster interview appointments
US launches $750 premium visa service for faster interview slots from July 1, but approval not guaranteed as global processing delays persist.
- June 9, 2026 07:15
Stock market
Buzzing stocks: Airtel, Vodafone Idea, NLC India, TCS, HCL, JSW Energy, Panacea Biotec, Simplex Castings, Avantel
Buzzing stocks: Airtel, Vodafone Idea, NLC India, TCS, HCL, JSW Energy, Panacea Biotec, Simplex Castings, Avantel
Key stock updates: Airtel, Vodafone Idea gain court relief; NLC India stake sale; TCS launches AI unit; JSW Energy expands.
- June 9, 2026 07:03
US judge strikes down Trump administration's $100,000 H-1B visa fee
A US federal judge has struck down the Trump administration’s controversial $100,000 fee on new H-1B visas, declaring the massive charge unlawful, with US District Judge Leo Sorokin in Boston ruling that the government lacked the statutory authority.
- June 9, 2026 07:03
Companies
Offer for sale in NLC India Ltd
The Government of India (promoter group) is conducting an offer for sale in NLC India Ltd. The floor price is fixed at ₹303.0 per share, reflecting an approximate 9.8 per cent discount to the last closing price of ₹335.75.
The total OFS size is 3 per cent or ₹1,260.5 crore (4.16 crore shares), comprising a base issue of 2 per cent or ₹840.3 crore (2.77 crore shares) and a green shoe option of 1 per cent or ₹420.2 crore (1.39 crore shares).
The offer opens for non-retail investors on 9 June 2026 and for retail investors on 10 June 2026. Retail investors have a 10 per cent reservation, while mutual funds and insurance companies have a 25 per cent reservation.
- June 9, 2026 07:00
Stock market
All-time high breakouts in a weak market
These 8 stocks have crossed their previous all-time highs despite a weak broader market. While fear, volatility, and negative sentiment dominate the market, a handful of stocks are quietly writing a different story.
🔥 KIMS 🔥 Inox India 🔥 NRB Bearings 🔥 Venus Remedies 🔥 Sai Life Sciences 🔥 Indo Borax & Chemicals 🔥 Thyrocare Technologies 🔥 Dee Development Engineers
- June 9, 2026 06:59
Industry update
Samir Arora expects up to $75 billion inflow to India via RBI measures
Samir Arora of Helios Capital said he spoke with a bunch of private bankers who indicated that India could receive up to $75 billion through RBI measures. India could receive over $40-50 billion through the FCNR and ECB routes over the next few months.
- June 9, 2026 06:43
Technical call buy
Stock to buy today: Sheela Foam (₹668.50) – BUY
Stock to buy today: Sheela Foam (₹668.50) – BUY
Sheela Foam share price can rise to ₹750
Published on June 9, 2026
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