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Pakistan’s prime minister said the US and Iran have reached a peace deal ahead of a June 19 signing in Switzerland, including ending hostilities and removing a naval blockade.
Stock futures climbed and crude prices fell after the US and Iran confirmed a peace deal to end hostilities and reopen the Strait of Hormuz, with signing expected Friday.
The rupee is expected to open stronger after a US-Iran deal to end hostilities and reopen the Strait of Hormuz pushed crude prices down over 4%.
Embassy Developments has appointed Leighton Asia as construction partner for its Mumbai Embassy Citadel project, awarding a contract valued over ₹8,500 million for civil and structural works.
Ceinsys Tech and its US subsidiary won purchase orders worth Rs 30.06 crore from TSecond Inc, USA, covering NVMe hardware, AI monitoring and geospatial imagery, with execution due by June 30, 2026.
Vedanta’s four demerged companies listed on June 15, led by Vedanta Aluminium Metal at Rs 522, pushing the implied combined value above Rs 930 per original share.
Falling crude prices and a firmer rupee, driven by US-Iran deal hopes, lifted Sensex and Nifty, but experts differ on whether the move can sustain.
Vedanta’s ex-demerger price reset and later special sessions for new entities caused sharp, app-indicated moves, but the declines largely reflect value redistribution, not destruction.
Indian equities jumped as US-Iran deal reports pushed oil below $100, lifted global cues, and helped Nifty reclaim 24,000 while traders tracked key support-resistance levels.
Brokerages lifted or reiterated bullish calls on Lenskart Solutions after recent updates, with target prices clustering around ₹576–₹650 and implied upsides ranging from 17% to 28%.
Broker notes reiterate Buy on Suzlon Energy with targets from Rs 55 to Rs 80, as the stock trades near Rs 55 and valuation multiples stay in focus.
FEMA’s amended non-debt rules now let all persons resident outside India invest in listed shares via PIS, raising individual and aggregate caps with strict breach timelines.
Morgan Stanley reiterated its Overweight view on Reliance Industries, citing ₹10 lakh crore AI capex, $14-15 billion annual cash flows, expanding new energy plans, and manageable leverage.
Indian equities opened sharply higher as reports of a US-Iran peace breakthrough eased oil-supply worries, pushed crude below $85, and lifted banking and oil-sensitive stocks.
Embraer is expanding in India with a Delhi subsidiary, an Adani partnership for aircraft assembly, and a KC-390 pitch for the IAF, citing large regional-jet demand.
GIFT Nifty’s sharp pre-open rise, easing crude oil prices on US-Iran deal hopes, and strong Asian cues set up a gap-up start and pushed Nifty above 24,000.