The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 70 points at 25,167, indicating that the domestic benchmark indices are likely to make a positive start on Monday.
Earlier on Friday, 6 June, Domestic benchmark indices S&P BSE Sensex surged by 747 points or 0.92% and settled at 82,189 while the Nifty50 traded 1.02% higher by 252 points, settling at 25,003.
Here are some stocks that are likely to remain in focus on 9 June.
Lupin: The company has announced securing approval from the US Food and Drug Administration (USFDA) for its Oxcarbazepine Extended-Release (ER) Tablets in 150 mg, 300 mg, and 600 mg strengths. This drug is used to treat partial-onset seizures in patients aged six and above.
Nazara Technologies: The company has announced acquiring Smaaash Entertainment Pvt. Ltd, which is a gaming and entertainment company for a total consideration of Rs 126 crore, making it a wholly owned subsidiary of the company.Β
Garden Reach: Garden Reach Shipbuilders signed MoUs in Sweden and Denmark to expand its marine systems capabilities and enter the expedition cruise segment. It partnered with Berg Propulsion (Sweden) to enhance its marine equipment offerings and with SunStone (Denmark) to collaborate on developing expedition cruise vessels.
GHV Infra Projects: GHV Infra Projects secured a road construction contract worth Rs 546 crore from GHV India. The project includes strengthening and upgrading several roads across Mumbai.
Multi Commodity Exchange of India: MCX received SEBIβs approval to launch Electricity Derivatives, enabling power producers, distributors, and large consumers to hedge price volatility and manage market risks more effectively.
Bharat Electronics: BEL signed a Memorandum of Understanding (MoU) with Tata Electronics to explore joint opportunities in indigenous electronics and semiconductor manufacturing. Their collaboration will focus on semiconductor fabrication, OSAT, and design services for microcontrollers, SoCs, and MMICs to meet BELβs strategic requirements.
Afcons Infrastructure: Afcons Infrastructure received a Rs 700 crore Letter of Award from Reliance Industries to execute construction works for its vinyl projects at Dahej, Gujarat.
Hindustan Copper and RITES: Hindustan Copper partnered with RITES to develop a sustainable supply chain for metals and critical minerals. Together, they plan to bid in mineral block auctions and collaborate in exploration, mining, transportation, and risk-sharing operations.
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