Markets traded on a subdued note on the weekly expiry day, with benchmark indices ending marginally lower as participants booked profits after the recent four-session rally. Technically, analysts say the Nifty may witness a phase of consolidation following its recent rebound, which would be healthy as long as it holds the 24,000тАУ24,200 support zone. On the upside, the 24,600 level is expected to act as the immediate hurdle, and a decisive breakout above this mark could pave the way for a gradual recovery towards the 25,000 level.
In today's trade, shares of Adani Enterprises, Cochin Shipyard, IDFC First Bank, Premier Energies, Glenmark Pharma among others will be in focus due to various news developments.
The governmentтАЩs offer for sale in Cochin Shipyard received strong demand from investors on the first day, with the non-retail portion subscribed 3.52 times. Following the response, the government has decided to exercise the full green-shoe option. Retail investors and employees will be able to bid for shares on July 8.
US legal experts said it would be highly unusual for a federal court to reject the Department of Justice's request to dismiss the criminal case against Indian billionaire Gautam Adani, after prosecutors set out detailed legal and policy reasons for seeking to drop the indictment.
IDFC First Bank has launched provident fund payment services through its integration with the Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment. The integration enables establishments to initiate PF payments directly through the EPFO portal and complete transactions via IDFC FIRST Bank's Retail and Corporate Internet Banking platforms, the private sector lender said in a statement on Tuesday.
Solar modules manufacturer Premier Energies on Tuesday said it secured orders worth Rs 3,011 crore during the first quarter ended June 30, 2026, for the supply of solar cells and modules. According to a company statement, the contracts have been awarded by a mix of power producers and module manufacturers.
Glenmark Pharmaceuticals announced the launch of the generic version of Olanzapine injection, indicated for treatment of schizophrenia and bipolar disorder, in the US. The company's arm Glenmark Pharmaceuticals Inc, USA has launched Olanzapine for injection of strength 10 mg/vial, single-dose vial, Glenmark said in a regulatory filing.
