Marksans Pharma will acquire 100% of Germany-based ABCnow GmbH for €0.9 million, strengthening its sales, marketing and distribution network in the German healthcare market. The acquisition is expected to enhance the company's European footprint and support future growth in international pharmaceutical markets.
Lyptus Punch-Card Fund acquired a 1.83% stake in Capital Small Finance Bank through a Rs. 25 crore transaction, increasing its exposure to the lender and reflecting continued institutional interest in the banking sector.
HDFC Bank, Reliance Industries, Share India Securities, Kalyan Jewelers, PhysicsWallah and Info Edge emerged among the most actively traded stocks. Meanwhile, Veerhealth Care, DB Stock Brokers, Dhunseri Investments and Vrundavan Plantation featured among the day's most volatile counters, witnessing sharp price swings.
Uno Minda will invest Rs. 320 crore in a new passenger vehicle seating systems plant at Chhatrapati Sambhajinagar, Maharashtra. The greenfield facility is expected to begin commercial production by the fourth quarter of FY28.
The RBI approved the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of South Indian Bank for a three-year term beginning October 1, 2026, paving the way for a planned leadership transition.
EMS emerged as the lowest bidder for a Delhi Jal Board sewerage project valued at approximately Rs. 158.28 crore. The order is expected to strengthen the company's infrastructure project portfolio and improve revenue visibility.
Embassy Developments reported 338% year-on-year growth in pre-sales to Rs. 868 crore, while customer collections increased 54% to Rs. 496 crore during the first quarter, reflecting strong housing demand and healthy cash generation.
Orchid Pharma signed a licensing and supply agreement with Pharmasyntez JSC to commercialize its antibiotic Exblifep in Russia. Pharmasyntez will exclusively market the drug, while Orchid Pharma will manufacture and supply the finished formulation.
SEPC approved the acquisition of up to a 90% stake in Abu Dhabi-based Avenir International Engineers and Consultants through a Rs. 1,530 crore share-swap deal. The transaction is expected to conclude by December 2026 without any cash outflow.
The Reserve Bank of India approved the reappointment of N. S. Vishwanathan as the Non-Executive (Part-time) Chairman of Axis Bank. The approval ensures continuity in the bank's leadership and governance structure as it continues executing its long-term growth strategy.
Axis Bank shares traded at Rs. 1,329.90, down Rs. 11.10 or 0.83%. The private lender witnessed sustained selling pressure during the session, extending losses as broader market weakness and cautious investor sentiment weighed on banking stocks.
Inox India received fresh orders worth Rs. 939 crore since May 21 across Industrial Gas, LNG, and Cryo-scientific Solutions. The Industrial Gas business contributed Rs. 871 crore, while LNG, Cryo-scientific Solutions, and Beverage Keg orders accounted for the remaining value.
Infosys shares traded at Rs. 1,076.40, up Rs. 4.60 or 0.43%. The IT major witnessed modest buying interest, recovering from recent lows as investors tracked sectoral strength and broader market trends despite cautious sentiment across Indian equities.
ICICI Bank shares traded at Rs. 1,411.10, down Rs. 3.60 or 0.25% in early trading. The stock remained under selling pressure throughout the morning session, slipping below the previous close of Rs. 1,414.70 amid a cautious market sentiment.
The government will exercise the oversubscription option for Cochin Shipyard's Offer for Sale (OFS) after receiving strong investor demand. The move covers an additional 2.52% equity, allowing the Center to raise higher proceeds through the disinvestment program.
Knack Packaging made a strong stock market debut, listing at an 11% premium over its IPO price on the NSE. The listing followed robust investor demand for the public issue, highlighting strong market confidence in the company's growth prospects.
Assetz has entered a five-year partnership with the Rohan Bopanna Tennis Academy to support tennis infrastructure and talent development in India. Meanwhile, TARC reported strong Q1 FY27 performance, with Rs. 602 crore in presales, Rs. 305 crore in collections, and continued progress across its luxury residential projects.
Restaurant Brands Asia completed a Rs. 2,235 crore investment deal with Inspira Global through Lenexis Foodworks. Inspira Global now holds a 41.78% stake, which will rise to 48.04% after warrant conversion backed by an additional Rs. 450 crore investment, making it the company's new controlling shareholder.
The Sensex traded around 77,650, down more than 500 points, while Nifty slipped below 24,250. Rising crude oil prices and escalating US-Iran tensions dented investor sentiment, triggering broad-based selling.
Nifty 50 fell 0.63% to 24,245.15 after a weak opening. Despite a brief mid-session recovery, persistent selling pressure and volatile trading kept the benchmark index in negative territory.
Indian equity markets are set for a cautious trading session on Wednesday as investors navigate a mix of weak global cues and rising geopolitical tensions. Sentiment has turned risk-averse after fresh US strikes on Iran pushed crude oil prices and the US dollar higher, while Asian markets traded mixed. The previous session saw the Sensex and Nifty snap a four-day winning streak following late selling pressure, setting a subdued tone for today's trade. Market participants will closely track oil prices, foreign investor activity, the rupee's movement, and global developments, all of which are expected to influence trading through the day.
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