Indian equity markets are expected to open with a cautious tone on Tuesday amid global economic cues and corporate developments. Early indicators suggest investors will continue to monitor the Nifty’s key 24,000 level, which market experts consider an important near-term resistance.
At around 7:30 a.m., GIFT Nifty was trading at 23,929.50, down 1 point, indicating a flat-to-negative start for domestic equities. Analysts said that if Nifty sustains above 24,000, it could advance towards the 24,200–24,400 range, while failure to cross the level may trigger profit booking.
A moderation in recent global geopolitical tensions and international economic developments has supported investor sentiment. Against this backdrop, several corporate developments are likely to remain in focus.
HCL Technologies has acquired a 10.46% stake in Axonwise Private Limited (Sarvam AI) for approximately Rs 1,427 crore. The investment reflects the company’s long-term strategy to strengthen its presence in India’s rapidly expanding artificial intelligence ecosystem.
The board of State Bank of India (SBI) is scheduled to meet on June 18 to consider a proposal for raising capital through a public issue or private placement. The move is aimed at supporting the bank’s growth plans and future financial requirements.
Mahindra & Mahindra Financial Services has approved the issuance of non-convertible debentures (NCDs) of up to Rs 1,000 crore through private placement.
The Government of India is working on a plan to divest up to a 5% stake in General Insurance Corporation of India through an offer-for-sale (OFS). An initial 2% stake sale is planned, with an option to sell an additional 3% stake.
Craftsman Automation has announced the launch of a Rs 2,000 crore qualified institutional placement (QIP). The company has fixed the floor price at Rs 8,966.13 per share.
Adani Group and Jabil plan to establish a strategic partnership to develop an AI and data centre infrastructure manufacturing platform in India.
Yes Bank has partnered with Northern Arc Capital to promote digital lending, expand access to financial services and provide new debt investment options to customers.
Dhanlaxmi Bank has approved the appointment of a new Chief Financial Officer (CFO). IRCTC has implemented an administrative change related to financial management.
Devyani International has received the required approvals from stock exchanges for its proposed restructuring scheme with Sapphire Foods.
GMR Airports reported a 6.1% increase in passenger traffic and a 2.3% rise in aircraft movements in May.
