Indian equity benchmarks closed slightly higher on Tuesday, with both the Sensex and Nifty 50 rising 0.15 per cent. Gains were led by information technology (IT) and oil marketing companies (OMCs), buoyed by easing crude oil prices and positive global cues. GIFT Nifty futures signal a firm start on June 12, reflecting sustained investor optimism.
Here’s a roundup of the key stocks to watch:
Canara Bank
The PSU lender’s board is scheduled to meet on Thursday to consider and approve a fund-raising plan for the financial year.
Corporate Action
Tata group stocks Tata Chemicals and Trent are set to trade ex-dividend on Thursday.
Earlier, the chemical maker and the retailer announced dividends of Rs 11 and Rs 5 respectively.
MCX
Stock exchange NSE has received the regulatory nod to launch monthly electricity futures.
Zydus Lifesciences
Zydus Lifesciences’ API manufacturing facility in Gujarat’s Ankleshwar has received a clean chit from the US Food and Drug Administration after its inspection from March 10 and 14.
Jio Financial Services
Jio Blackrock Investment Advisors, a joint venture between Reliance Industries and Blackrock, has received SEBI’s approval for operating as an investment advisor.
Hindustan Copper
The PSU plans to expand its mining capacity by more than three times, to 12.20 MTPA by FY31 with a capex of around Rs 2,000 crore.
Tanla Platforms
The tech firm’s board is set to meet on June 16 to consider a share buyback plan.
City Union Bank
The lender plans to raise Rs 500 crore through a qualified institutional placement of shares.
HCL Technologies
On Wednesday, HCLTech shares rallied after the IT major announced an expanded partnership with The Standard Insurance Company to integrate artificial intelligence into its operations. With global tech sentiment positive and foreign fund inflows into IT, HCL is poised to attract continued investor interest. The Nifty IT index itself rose 1.26 per cent, indicating broad strength in the sector.
Minda Corp
Minda Corporation announced a joint venture with Japan’s Toyodenso to manufacture advanced automotive switches. The JV will be established with a 60:40 equity split and will set up a new facility in Noida, expected to begin operations in the second half of FY2026–27. The move signals long-term growth and strategic expansion in India’s fast-evolving auto components space.
Oil Marketing Companies: BPCL, HPCL, IOC
OMC stocks saw strong momentum due to declining crude prices, which improved refining margins. HPCL jumped nearly 4 per cent, also benefiting from a “buy” upgrade by Goldman Sachs with a target price of Rs. 400. BPCL and IOC also posted solid gains. IOC’s progress in green hydrogen projects adds a long-term sustainability angle that investors are starting to price in. If crude remains soft, OMCs could continue outperforming in the near term.
Bajaj Finserv
Bajaj Finserv emerged among the top gainers on the Sensex, fueled by anticipation around its upcoming 4:1 bonus issue and stock split, with the record date set for June 16. The company also saw traction through its subsidiary, Bajaj Housing Finance, which accepted bids for multiple tenor bonds. Corporate actions like these often boost retail participation and could continue lifting the stock.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
