On Thursday, 1282 stocks advanced, 2729 declined and 140 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.47 indicating a negative closing in the broader market. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 56 securities advanced and closed at a new 52-week high whereas 17 securities sank to close at their new 52-week lows. Nifty Energy, Nifty Auto and Nifty Metal were among the biggest losers.
India’s May CPI inflation eased to 2.82%, marking the lowest level since February 2019, and falling below the estimated 2.98%. The decline was primarily driven by lower food prices, particularly in vegetables, pulses, cereals, fruits, and eggs. Food inflation dropped to 0.99%, the lowest since October 2021, with rural inflation at 0.95% and urban at 0.96%. Other key sectoral inflation rates include housing (3.16%), health (4.34%), education (4.12%), fuel & light (2.78%), and transport (3.85%).
Canara Bank's (-1.24%) board has approved a capital raising plan of up to 9,500 crores via debt instruments for FY 2025-26. This includes Rs3,500 crores through Basel III compliant Additional Tier I Bonds, Rs6,000 crores via Tier II Bonds, subject to market conditions and regulatory approvals. The move aims to strengthen the bank’s capital base and support growth initiatives, ensuring compliance with Basel III norms.
Saudi Arabia and the UAE will import electricity from India through subsea cables. The transmission infrastructure includes a 1,700 km cable to Saudi Arabia, costing $5.5 billion, and a 1,400 km cable to the UAE, with an investment of $5.1 billion. This 2 GW electricity export project is expected to be completed over six years, marking a significant step in regional energy collaboration.
SEPC Limited (+3.78%) secured EPC contract worth Rs650 crore for a 133 MW solar power project, significantly expanding its domestic order book. This deal marks SEPC’s re-entry into the renewable energy sector, reinforcing its commitment to sustainable infrastructure development.
Jubilant Pharmova’s (-1.81%) board approved the sale and transfer of its Active Pharmaceutical Ingredients (API) business to its wholly-owned subsidiary, Jubilant Biosys Limited, via a slump sale. The API segment recorded Rs609 crore turnover, contributing 8.35% to the company’s consolidated revenue for FY24-25, signaling a strategic restructuring within the group.
Zydus Lifesciences received the establishment inspection report (EIR) from the USFDA for its API manufacturing facility in Ankleshwar. The inspection was classified as No Action Indicated (NAI), meaning it concluded without any objections and is now officially closed, reinforcing regulatory compliance at the facility.
Sterlite Technologies (+11.20%) and Dilip Buildcon (-2.26%) secured a Rs2,631.14 crore contract from BSNL for the BharatNet project rollout across Jammu & Kashmir and Ladakh.
CE Info Systems (MapMyIndia) fell on 12 June 2025 following a large block deal involving a 5.3% stake, unsettling investors. The transaction involved 28.6 lakh shares, traded at an average price of Rs1,813.7 per share, amounting to a total deal value of Rs518.72 crore. While the identities of the buyer and seller remain unconfirmed, market sources speculate PhonePe as the likely seller. PhonePe currently holds an 18.7% stake in MapMyIndia, as per the company’s latest shareholding data for the March quarter. The timing of the sale has drawn attention, as it comes amid PhonePe's preparations for its own IPO, possibly indicating a strategic move to optimize liquidity. The sudden stake dilution has raised concerns among investors, contributing to the sharp price decline.
Starting October 1, 2025, SEBI will introduce validated UPI handles - unique, verified UPI IDs to SEBI-registered intermediaries and SEBI check - "green thumbs-up" icon will mark verified entities for easy identification to enhance investor protection in capital markets.
Kaynes Technology (-1.78%) approved an additional investment of up to $1.03 million to acquire 10,19,802 equity shares of its wholly-owned subsidiary, Kaynes Holding Pte. Limited This strategic move is aimed at expanding its footprint in electronics system design and manufacturing, reinforcing its growth in the sector.
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:
