
Stocks in news: Wipro, Motilal Oswal, Jana SFB, Force Motors, Tech Mahindra
Live Events
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Markets began the week on a positive note, gaining nearly half a percent, extending Friday's rally. In today's trade, shares of Wipro Motilal Oswal , Jana SFB, Force Motors Tech Mahindra among others will be in focus due to various news developments.Wipro's promoter entity Azim Premji Trust sold 20.23 crore shares worth Rs 5,057 crore in the company via a block deal.Capital market regulator Sebi slapped a Rs 3 lakh fine on brokerage firm Motilal Oswal Financial Services (MOFSL) after finding the company in contravention of rules. Jana Small Finance Bank (Jana SFB) said it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a universal bank.IRB Infrastructure reported a 9% YoY rise in its toll revenue to ₹581 crore in May 2025.Capri Global launched a qualified institutional placement (QIP) to raise up to Rs 2,000 crore including upsize option of Rs 500 crore, according to a report.Lakshmanan Chidambaram announced his retirement as the President, Tech Mahindra Americas – strategic vertical business with effect from June 30.Pankaj Gupta resigned as the chief executive officer - Commercial Real Estate division of the company with effect from June 9.AstraZeneca Pharma said its Managing Director Sanjeev Kumar Panchal has resigned from his position with effect from the close of business on June 30.Sanjay Kumar Bohra resigns as CFO of Force Motors with effect from June 9. The company appointed Rishi Luharuka as the new CFO with effect from June 10.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
20 minutes ago
- Hans India
Benchmarks close mixed in a volatile session
Mumbai: Benchmark BSE Sensex closed lower by 53 points in a volatile trade on Tuesday, snapping its four-day winning run due to profit-taking in banking and energy shares. The 30-share Sensex declined by 53.49 points or 0.06 per cent to settle at 82,391.72 with 14 of its constituents closing lower, 15 with gains and one remaining unchanged. The index opened higher and climbed further 235.58 points or 0.28 per cent to 82,680.79 in morning trade. However, the barometer pared gains later due to profit-taking in index major Reliance Industries, HDFC Bank and ICICI Bank. It dropped by 204.81 points or 0.24 per cent to hit a low of 82,240.40 during the day. The 50-share NSE Nifty eked out gains of 1.05 points to end at 25,104.25, marking its fifth straight day of gains on the back of gains in IT and pharma shares. In the past four days, the Nifty has jumped over 560 points or 2.27 per cent while the Sensex rallied 1,707.7 points or 2.11 per cent. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,992.87 crore on Monday, according to exchange data. 'Markets traded in a lacklustre manner and ended almost unchanged, taking a breather after the recent surge. Participants remain slightly cautious amid mixed global cues, and the divergent trend among index heavyweights continues to weigh on overall sentiment,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers. Investors await the outcome of the US-China trade talks being held in London. The BSE smallcap gauge climbed 0.33 per cent and midcap index went up 0.04 per cent. Among sectoral indices, BSE Focused IT surged the most by 1.63 per cent, followed by IT (1.58 per cent), utilities (1.11 per cent), power (0.95 per cent), teck (0.87 per cent), healthcare (0.45 per cent) and commodities (0.40 per cent). Realty dropped 1.18 per cent, telecommunication (0.55 per cent), financial services (0.46 per cent), services (0.21 per cent) and consumer discretionary (0.16 per cent). Overall market breadth was positive with 2,232 stocks advancing, 1,805 scrips declining and 135 stocks settling unchanged on BSE. Meanwhile, the Association of Mutual Funds in India (AMFI) data showed that net inflows into equity mutual funds declined by 21.66 per cent to hit a 12-month low of Rs 19,013.12 crore in May.


Hans India
20 minutes ago
- Hans India
Oswal Pumps IPO on June 13 at Rs 584-614/share
New Delhi: Oswal Pumps on Tuesday said it has fixed a price band of Rs 584 to Rs 614 per share for its Rs 1,387-crore initial public offering (IPO). The initial share-sale will open public subscription on June 13 and conclude on June 17, the company said in a statement. The IPO is a combination of fresh issue of shares valued Rs 890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth Rs 497.34 crore, at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at Rs 1,387.34 crore. Proceeds from the fresh issue will be used for funding certain capital expenditures of the company; investment in wholly owned subsidiary Oswal Solar in the form of debt or equity, setting up new manufacturing units at Karnal, Haryana, payment of debt, and for general corporate purposes. Oswal Pumps commenced operations in 2003 by manufacturing low-speedmonoblock pumps and over the years, it expanded operations to manufacture grid connected submersible pumps, and electric motors.


Time of India
23 minutes ago
- Time of India
Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows
Gold-based ETFs have received inflows in May of Rs 292 crore after two straight months of outflows, according to the Association of Mutual Funds in India (AMFI). In March and April, gold ETFs saw an outflow of Rs 77.21 crore and Rs 5.82 crore, respectively. 'The renewed traction in May signals a gradual return of investor interest, likely driven by resilient gold prices and sustained global uncertainties that reinforce gold's appeal as a strategic hedge. The uptick also shows that investors are regaining confidence in gold, as it continues to offer stability amid mixed signals from equity and bond markets,' said Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India. Also Read | Midcap and smallcap mutual funds witness decline in inflows. Are investors shifting focus? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 35 & Earning? Protect Your Family with ₹1 Cr Life Cover ICICI Pru Life Insurance Plan Get Quote Undo 'Furthermore, the relative stability in gold prices through May have provided a more attractive entry point for investors looking to build or rebalance allocations toward safer assets,' Nehal added. According to Motilal Oswal Private Wealth, global gold demand hit a Q1 record in 2025, driven by strong ETF inflows and continued central bank buying despite a slowdown from last year, while jewelry demand fell sharply due to high prices. Live Events The investment demand saw a dramatic 170% year-on-year rise, driven by a strong rebound in gold ETF inflows, particularly in Europe, Asia, and India. The investment in gold ETFs led to a significant jump in gold investment demand in Q1 2025, reaching 552t, marking a 170% year-on-year increase, the report said. 'The surge was primarily driven by a sharp revival in gold ETF inflows, which recorded their strongest quarterly demand for three years, and the global gold-backed ETFs saw holdings increase by 226t during the quarter, bringing collective holdings to 3,445t. This was boosted by trade tensions and gold price momentum, with investors rushing for the safety of gold,' the Motilal Oswal Private Wealth report said. In the month of May, gold ETFs offered an average return of 1.10%, with Tata Gold ETF emerging as the topper out of 19 funds in the category. Tata Gold ETF offered a 2.53% return in May. Axis Gold ETF and SBI Gold ETF gave 1.35% and 1.34% returns respectively in the said time period. Also Read | Largecap mutual funds see over 50% decline in May inflows. Profit booking or shift in investor preference? Mirae Asset Gold ETF and Zerodha Gold ETF gave 1.15% returns each in May. UTI Gold ETF, Invesco India Gold ETF, and LIC MF Gold ETF gave 0.50%, 0.26%, and 0.15% returns, respectively, in the same period. The assets under management ( AUM ) of gold ETFs surged by 2% on a monthly basis to Rs 62,452 crore in May from Rs 61,422 crore in April. 'The resurgence in flows also highlights the growing role of Gold ETFs in strategic asset allocation, especially as investors seek to manage risk in an increasingly uncertain investment environment,' Nehal said. 'While inflows are yet to reach the levels seen earlier in the year, the trend suggests a gradual and measured return of interest in gold, underpinned by its long-term diversification benefits,' added. Gold ETFs are exchange-traded funds that track the price of physical gold. Each unit of a Gold ETF is backed by a specific quantity of gold, usually equivalent to one gram. They are listed on stock exchanges, and you need a demat and trading account to buy and sell them. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.