As rising temperatures drive electricity demand across India, Macquarie sees the power sector entering a broad regulatory and operational reset. The brokerage initiated coverage on JSW Energy with an ‘Outperform’ rating and a Rs 720 target, while assigning ‘Neutral’ ratings to Adani Power and Adani Energy Solutions. NTPC emerged as its top sector pick, with a revised target price of Rs 480.
Oracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans and rising debt concerns. The company’s massive capital raise and infrastructure push raised fears of over-leverage, even as strong revenue growth and bullish guidance highlighted its expanding role in AI cloud infrastructure.
MTAR Technologies shares fell sharply after its key client, Bloom Energy, saw its stock tumble in the US market following the suspension of a major data centre project. The facility was expected to be powered by 900 MW of Bloom Energy fuel cells alongside grid electricity. The selloff in MTAR comes despite the stock rallying more than 280% over the past year.
Prime Securities has launched the Prime Litmus Real Estate Opportunities Fund, a Category II AIF targeting Rs 750 crore with a Rs 250 crore green shoe option. The fund will focus on structured credit investments in under-construction real estate projects across key Indian metropolitan regions, aiming for 18-20% IRRs over six years.
Gold and silver prices opened lower on MCX Thursday. Fresh Middle East tensions and rising oil prices impacted sentiment. US attacks on Iran contributed to the decline. MCX silver futures for July 2026 delivery fell significantly. Gold futures for August 2026 delivery also slipped. Soaring inflation amid the West Asia crisis is another concern.
On June 10, three stocks in the Nifty500 appeared on the White Marubozu bullish scanner based on StockEdge technical scan data. The pattern signals strong buying momentum, where buyers dominated the entire session from open to close, indicating sustained bullish sentiment and potential continuation of upward movement in the near term.
Vahh Chemicals Listing: The ₹13.45-crore IPO was a completely fresh issue of 22.42 lakh shares and attracted strong investor interest, with the offer subscribed 11.08 times overall, led by robust participation from retail investors.
After successfully reviving Sensex derivatives, BSE CEO Sundararaman Ramamurthy is now focused on shifting traders from weekly options to longer-dated contracts. Over the next three years, the exchange aims to boost participation in monthly and farther-expiry options, which it believes provide better hedging and help reduce market volatility during global shocks.
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