On Thursday, 2,419 stocks advanced, 1,814 declined, and 195 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 1.33, indicating a positive closing. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 133 securities advanced and closed at a 25 new 52-week high, whereas securities sank to close at their new 52-week lows. Nifty IT and Nifty Metal were the biggest loser. Nifty PSU Bank, Nifty Pharma and Nifty Media were the biggest gainer.
Bata India appointed Sanjay Rao as its new Managing Director and CEO, succeeding Gunjan Shah after his five-year tenure. Rao joins from Nike, where he was senior director for Nike Retail in France and Benelux. With over 20 years of retail leadership in India, South Asia, China, and Europe, Rao has previous experience with Inditex, helping establish Zara in India, and has served as Country Director for Guess in France.
E2E Networks (+4.99%) incorporated a wholly owned subsidiary, Sovcloud Technologies Limited, effective June 17, 2026. Sovcloud will focus on IT data centre services including managed hosted solutions, provisioning, and energy-efficient infrastructure. The subsidiary is fully owned by E2E Networks, established with ₹10 lakh authorized capital.
Rail Vikas Nigam Limited (RVNL) (+1.00%) received a ₹967.93 crore contract from East Coast Railway for constructing 3rd and 4th lines over 385 km, including key bridges using Open Web Steel Girders under EPC mode. The project is expected to complete within 1,095 days with no related party involvement.
HFCL (+5.00%) secured a ₹2,666.09 crore contract from RVNL for BharatNet Phase-III in Uttar Pradesh (West), covering telecom equipment supply, installation, and 10-year maintenance. This follows a previous ₹2,167.65 crore contract for UP East and West circles, underscoring HFCL’s leadership in telecom network projects.
Zydus Wellness Limited (-0.31%) promoter group member, Samar Babubhai Patel, acquired 1,000 equity shares on June 16, 2026, raising his holding to 12,000 shares via open market purchase on NSE, valued at ₹5.06 lakh.
Lloyds Engineering Works (-3.34%) approved acquisition of up to 88.12% stake in Steel Infra Solutions Company Limited (SISCOL) for ₹1,073.40 crore through share purchase, subscription, and shareholder agreements. Lloyds will acquire 52.16% equity partly via cash and share swap, with others acquiring 17.98% each by cash.
Godrej Industries (+5.61%) approved issuance of ₹1,000 crore Rated Listed Unsecured Redeemable Non-Convertible Debentures in two series of ₹500 crore each via private placement. The decision was confirmed by the board on June 18, 2026.
Amber Enterprises India (+1.29%) subsidiary IL JIN Electronics acquired an additional 38.5% stake in Ascent Circuits Private Limited, raising ownership to 98.5%. The ₹336.75 crore transaction strengthens their position in PCB manufacturing and was executed on June 18, 2026, on an arm’s length basis.
JBM ECOLIFE Mobility Pvt. Ltd. secured ₹750 crore investment from Motilal Oswal Alternates to expand electric bus operations across India. The funding supports deployment of zero-emission buses, advancing sustainable public transport and aligning with India’s net-zero goals.
RBL Bank’s (+0.01%) board approved allotment of 92.91 crore equity shares to Emirates NBD Bank at ₹280 per share, raising ₹26,015.77 crore and increasing paid-up capital to ₹1,548.55 crore. Emirates NBD will hold a 60% stake, becoming a promoter of RBL Bank.
Prestige Estates Projects (+0.41%) launched Phase 2 of Prestige Gardenia Estates in North Bengaluru, spanning 21 acres with 195 plots and revenue potential of nearly ₹400 crore. The project features modern amenities and is strategically located near key infrastructure and IT hubs.
Hexaware Technologies (-2.02%) plans a £25 million investment in UK expansion, creating around 1,200 jobs over 3-5 years in Manchester, Leeds, and Birmingham. The move supports AI, digital services, and quantum computing innovation, highlighted at the G7 Summit on June 16, 2026.
Housing and Urban Development Corporation (-0.98%) (HUDCO) signed an MoU with Gujarat Government to provide ₹1,00,000 crore financial assistance over two years for infrastructure projects starting May 2026. The funding includes flexible terms and aims to boost Gujarat’s economic development.
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:
