Indian stock markets surged on Friday, with Sensex and Nifty gaining over 1%, driven by optimism surrounding a potential US-Iran peace deal and easing crude oil prices. Hopes of the Strait of Hormuz reopening boosted investor confidence, leading to broad-based gains across sectors and a significant increase in market capitalization.
Gold and silver prices extended gains for a second straight session on MCX on Friday, with silver rising 2% and gold gaining Rs 649, as falling crude prices and hopes of a US-Iran peace deal lifted sentiment. Silver has climbed 4% in two days. President Donald Trump said a deal with Iran could be reached as early as this weekend.
Rajeev Thakkar, CIO at PPFAS Asset Management, highlighted selling skills at the ET Alpha Wealth Summit. He stated that investors often sell for wrong reasons like boredom or reacting to news. Thakkar outlined six valid reasons to sell, including needing capital for better opportunities, cutting losses, fraud, structural disruption, extreme overvaluation, and superior opportunities. He advised staying diversified.
US-based Tryfacta Inc is set to become the first US-headquartered company to list its equity shares in India through GIFT City, filing draft papers for a USD 100-150 million IPO. The offering includes a fresh issue and an offer for sale, with proceeds to fund growth and working capital.
Futures open interest in the NSE F&O segment rose sharply on June 11, with five stocks recording over 5% growth. Cochin Shipyard led the list, followed by Max Healthcare, Amber Enterprises, Nuvama Wealth, and Manappuram Finance, indicating fresh position build-up and heightened trading activity in select counters.
Foreign investors have significantly reduced holdings in many Nifty companies since September 2024. This has impacted top blue-chip stocks, causing market returns to stagnate. Domestic institutional investors have stepped in, absorbing much of this selling pressure. Experts suggest this is a market recalibration, not a complete exit from India. Investors are advised to focus on earnings growth and disciplined allocation.
Sebi is set to launch an innovative system to regulate stock price limits, focusing on reducing the price variations seen in less liquid stocks on different exchanges. This regulatory move seeks to establish fairness in pricing and elevate the trading experience for investors dealing with these stocks.
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
Vedanta’s four demerged businesses will begin trading on June 15, completing a major corporate restructuring. The listings will enable market-driven price discovery, help unlock shareholder value and allow each standalone company to pursue sector-specific growth opportunities independently.
Domestic markets recovered modestly on easing oil prices and selective buying in banking and pharma stocks. Analysts have recommended Allied Blenders and JB Chemicals, citing strong technical breakouts, rising volumes, bullish momentum and supportive trend indicators despite broader market consolidation.
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