Global Cues Mixed, India Stays Resilient; DIIs Lead Inflows, IPO Buzz High, Corporate Action Heats Up

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Today's Market at 08:25am
US Market (Futures)
Nasdaq = -79.30
Dow Jones = -155.50
S&P 500 = -21.80
European (Futures)
Ftse 100 = -23.80
Cac 40 = -37.20
Dax = +34.00
Asian
Nikkei 225 = +63.33
ASX 200 = +27.70
Straits Times = +0.59
Hang Seng = +308.03
Taiwan weighted = -141.93
Shanghai (SSEX) = +5.90
Gift Nifty = 24843.50 (-49.00)

FII and DII Trading Activity June 2, 2025 in Cash market:
FIIs: Net Sell of ₹2,589.47 crore
DIIs: Net Buy of ₹5,313.76 crore

Key Corporate Developments and Updates:

Maruti Suzuki India: The company’s total production in May increased by 1.4% year-over-year, reaching 1.95 lakh units compared to 1.93 lakh units in the same period last year. [Positive]
Man Industries: The board approved a proposal to raise up to Rs 300 crore via preferential allotment. [Positive]
Grasim Industries: The company approved raising up to Rs 1,000 crore via NCDs on a private placement basis. [Positive]
Frontier Springs: The company received an order worth Rs 92.6 crore from Rail Coach Factory, Kapurthala and Modern Coach Factory, Raebareli. [Positive]
Salzer Electronics: The company formed an SPV named Effilume Private for implementing the Rs 192 crore energy efficiency project in Bengaluru on an order secured from the Bruhat Bengaluru Mahanagara Palike in May. [Positive]
Jindal Stainless: The company bought 33.64% stake in Oyster Renewable's 282 MW SPV. [Positive]
HCLTech: The company signed a deal with UiPath to accelerate agentic automation for global enterprises and will establish an AI lab with UiPath in India. [Positive]
Sarda Energy & Minerals: Chhattisgarh Environment Conservation Board gave its consent to expand production capacity. [Positive]
Star Cement: An arm commenced commercial production of AAC blocks at the Assam manufacturing unit. [Positive]
Awfis Space Solutions: The company has been sanctioned with a loan facility of Rs 80 crore... and plans to utilise the facility for growth. [Positive]
Britannia Industries: A strike at the Jhagadia plant in Gujarat has been called off. [Positive]
Punjab & Sind Bank: The Ministry of Finance extended the tenure of Swarup Kumar Saha as MD and CEO. [Positive]
Torrent Power: The company signed a long-term LNG supply deal with BP Singapore to fuel its 2,730 MW gas-based power plants from 2027 to 2036. [Positive]
Biocon: The pharma major received regulatory approval in India for its version of Liraglutide, a Type 2 diabetes treatment in adults and children above 10 years of age, including pre-filled pens and cartridges. [Positive]
Glenmark Pharma: Ichnos Glenmark Innovation (IGI), a biotech joint venture between Glenmark Pharmaceuticals and Ichnos Sciences, reported encouraging Phase 1 results for a new treatment targeting multiple myeloma. [Positive]
NTPC Green: Honeywell announced a partnership with NTPC Green Energy to jointly explore producing sustainable aviation fuel (SAF) in India. The companies will explore the use of Honeywell’s proprietary eFining technology to produce SAF from carbon dioxide (CO₂) feedstock captured from NTPC’s power plants and green hydrogen. [Positive]

United Breweries: The company will close operations at the Mangalore brewery unit. [Negative]
Veritas (India): A major fire at the adjacent terminal spread to the office of the company’s subsidiaries at UAE. Rajaram Shanbhag resigned as CFO. [Negative]

Adani Enterprises: Billionaire Gautam Adani's conglomerate is under investigation by US prosecutors over allegations that its companies may have imported Iranian liquefied petroleum gas (LPG) into India through the Mundra port, which is operated by Adani’s firm. The company has strongly denied any wrongdoing, stating it “categorically denies” the allegations.[Neutral]
TVS Supply Chain: The company filed an appeal before the appellate tribunal challenging an order of EPFO regarding the reassessment of dues. [Neutral]
Reliance Infra: The company will pay Rs 92.68 crore to Dhursar solar power towards claim of tariff... [Neutral]
UCO Bank: The company appointed Sumit Khandelwal as CFO. [Neutral]
ISGEC Heavy Engineering: The National Green Tribunal granted permission to resume operations at the Muzaffarnagar unit. [Neutral]

Mainboard IPO Lisiting
Prostarm Info Systems will list its shares on the stock exchange on Tuesday at an issue price of ₹105 each. The ₹168-crore IPO was oversubscribed 97.2 times, with strong demand from non-institutional (20.21x), retail (6.46x), and institutional investors (1.93x).
SME IPO Listing
Blue Water Logistics, Astonea Labs, Nikita Papers

Block Deals
Niva Bupa Health Insurance: M Pallonji and Co bought 1.35 crore shares (0.74%) at Rs 83.95 apiece.

AU Small Finance Bank: Leapfrog Rural Inclusion (India) sold 9.01 lakh shares (0.12%) at Rs 693 apiece, while Tata AIG General Insurance bought 9.01 lakh shares (0.12%) at Rs 693 apiece.

Bulk Deals
Niva Bupa Health Insurance: Krishnan Ramachandran sold 1 crore shares (0.54%) at Rs 82 apiece, while Fettle Tone LLP sold 9.14 crore shares (5%) at Rs 82.11 apiece, DSP Mutual Fund bought 4.96 crore shares (2.71%) at Rs 82 apiece, SBI Mutual Fund bought 1.51 crore shares at Rs 82 apiece.

Stocks to Trade Ex-Dividend
Larsen and Tourbo, Nuvama Wealth Management, Sunshield Chemicals
Stock Trades Ex-Date for Rights
Rajnish Wellness
Stock Trades Ex-Date for Income Distribution (InvIT)
Capital Infra Trust
Securities in ban period
Manappuram Finance.

Source: NDTV Profit, Moneycontrol, NSE India, Investing.com