On Wednesday, 1,812 stocks advanced, 2,400 declined and 183 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.75 indicating a negative closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, securities 81 advanced and closed at a new 52-week high whereas 61 securities sank to close at their new 52-week lows. Nifty IT, Nifty FMCG and Nifty Media were among the biggest loser. Nifty PSU Bank, Nifty India Defence and Nifty Pharma were among the biggest gainer.
IT stocks like TCS, Tech Mahindra (-6.31%), and Infosys (-3.79%), among others dragged down the sectoral benchmark Nifty IT (-5.57%) index. Tata Consultancy Services (TCS) recorded their worst single-day decline since the COVID-19 market crash of 2020.
Capacit’e Infraprojects (+0.65%) been awarded a ₹589 crore civil contract (ex GST) by Ten X Realty East Ltd, a subsidiary of Raymond Realty Ltd, for the project The Address by GS – Wadala at Salt Pan Division, Shastri Nagar, Wadala, Sion (E), Mumbai. The scope covers civil core and shell works, received via a Letter of Intent (LOI) in the normal course of business. The company clarified that this is part of its ordinary civil contracting operations, with no related party transactions involved, as neither promoters nor group companies hold an interest in the issuing entity.
Varroc Engineering (+3.36%) announced a strategic cooperation with Suzhou Tolyy Optronics to supply and localise next‑generation digital cockpit and display solutions for global vehicle platforms. The partnership is structured to leverage Tolyy’s advanced display technologies and engineering support, while Varroc will oversee integration, validation, and manufacturing processes. This collaboration is designed to strengthen Varroc’s offerings across both passenger and commercial vehicle platforms, aligning with the industry’s shift toward digital cockpit innovation and automotive display localisation.
Granules India (+2.09%) announced that its US subsidiary, Granules Pharmaceuticals Inc. (GPI), Chantilly, Virginia, has received the Establishment Inspection Report (EIR) from the USFDA, with a Voluntary Action Indicated (VAI) classification. The inspection, conducted between 30 March – 3 April 2026, resulted in four Form 483 observations. The VAI outcome indicates that while issues were noted, they are not significant enough to warrant regulatory action, and the facility remains compliant for ongoing operations.
Natco Pharma (-0.51%), along with alliance partner Lupin Ltd, has received USFDA approval for Natco’s Abbreviated New Drug Application (ANDA) for Eribulin Mesylate Injection, 1 mg/2 mL (0.5 mg/mL) Single‑Dose Vials. The product is bioequivalent to Halaven® (Eisai Inc.), indicated for Metastatic breast cancer in adults who have received at least two prior chemotherapeutic regimens Unresectable or metastatic liposarcoma in patients previously treated with anthracycline containing regimens. According to IQVIA MAT April 2026 data, Halaven® had annual US sales of $43.7 million.
Power Mech Projects (+1.46%) announced a ₹266.26 crore order from Adani Infrastructure Management Services, part of the Adani Group, for Operations & Maintenance (O&M) services at the 2×300 MW thermal power plant in Butibori, Maharashtra. The contract adopts a KPI based service model, ensuring performance linked delivery standards. It spans 60 months, commencing 1 July 2026 and concluding 30 June 2031.
Bajel Projects (+3.05%) secured a ‘Mega’ EPC order for a 400/220/33 kV GIS Substation in Mumbai, awarded by a data centre client. The scope covers design, engineering, procurement, supply, erection, testing, commissioning, and performance testing, with commercial value classified between ₹300–₹400 crore (inclusive of GST) under Bajel’s policy.
Bliss GVS Pharma (+1.20%) announced that its manufacturing facility in Vevoor Village, Palghar, Maharashtra has been confirmed to comply with WHO Good Manufacturing Practices (GMP) standards, following the receipt of an Inspection Closure Report from WHO, Geneva.
John Cockerill India (+20.00%) secured a major contract from JSW Vijayanagar Metallics Ltd for a Cold Rolled Non Oriented (CRNO) electrical steel project. Together with its subsidiary John Cockerill Metal International SA (JCMI), the scope includes design, engineering, supply, erection supervision, and commissioning of two Annealing & Coating Lines (ACL 1 & ACL 2) and one Annealing & Pickling Line (APL). The total contract value is estimated to be between ₹1,250 crore and ₹1,300 crore.
Alkem Laboratories (+0.67%) become the first company in India to launch semaglutide in single shot pre filled syringes, priced from ₹350, aiming to make therapy more affordable and convenient for patients. It has secured DCGI approval to manufacture and market this format for Type 2 diabetes mellitus and obesity, as an adjunct to diet and exercise. This marks a significant expansion of Alkem’s portfolio, which already includes semaglutide injection pens introduced in March 2026.
The top gainers and top losers of the major indices are given in the table below
The closing values of the major Asian indices are given in the table below:
Pearl Global: Growth Visibility Improves across Geographies
Moneylife Digital Team
03 June 2026
Pearl Global Industries (PGIL) ended FY25-26 with improved operating performance, supported by higher shipment volumes, improved utilisation across overseas facilities and a richer product-mix, growth across Bangladesh and overseas...
MTAR Technologies: High Growth, High Expectations, High Valuations
Moneylife Digital Team
03 June 2026
MTAR Technologies Limited (MTAR), incorporated in 1999, operates in India's specialised precision manufacturing sector, focused on advancing indigenous technologies. The company specialises in manufacturing and engineering precision...
IPO Review: Hexagon Nutrition Limited
Moneylife Digital Team
02 June 2026
Hexagon Nutrition Limited (Hexagon), incorporated on 21 May 1993, is a differentiated, research-oriented, pure-play nutrition company. Originally a micronutrient formulations player, the company has progressively moved up the value...
Blue Star: Summer Cycles
Moneylife Digital Team
02 June 2026
Blue Star Limited (Blue Star) is one of India’s most diversified air-conditioning, commercial refrigeration and mechanical-electrical-plumbing (MEP) solutions providers. Founded in 1943 by the late Mohan T Advani and listed on the...
