TOP NEWS Lemon Tree Hotels (LTHL): The company has announced its latest signing - Lemon Tree Premier, Mhow, Madhya Pradesh. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of LTHL. It will feature 72 well-appointed rooms, a restaurant, a meeting room, a banquet, a swimming pool, a spa and other public areas. The new property will complement LTHL’s portfolio of four operational hotels and six hotels in the pipeline. Positive. Hindustan Unilever Limited (HUL): The company has received approval from the National Company Law Tribunal (NCLT) to convene a shareholder meeting on 12th August to discuss the proposed demerger of its ice cream division into a new subsidiary named Kwalit Wall's (India) Limited (KWIL). The move is aimed at streamlining operations and creating a more focused approach for the ice cream segment. NCLT’s approval marks a significant step in HUL's strategic restructuring, allowing the company to present the demerger plan to shareholders for review and voting. Positive MCX and IEX: NSE gets Sebi nod to launch electricity derivatives. Negative Zydus Lifesciences: The company received an establishment inspection report for the API manufacturing facility at Ankleshwar. The inspection has been classified as No Action Indicated. Positive Texmaco Rail: Company is planning to demerge the loss making business of Kalindee Rail as its wholly-owned subsidiary soon, and is looking to turnaround the business and make it profitable within the next two financial years. Positive Tanla Platforms: The company to consider the proposal for buyback of equity shares of the company in its board meeting on June 16. Positive Nazara Tech: Axana Estates, Plutus Wealth and Junomoneta Finsol's Rs 2,384 crore open offer to open on June 19 and close on July 2. The open offer for 26% stake in the company at a price of Rs 990 per share. The open offer is at a 22% discount on the current market price. Oil upstream companies: Brent crude crosses $70 mark as geopolitical tensions rose. Positive for ONGC, Oil India etc. CE Info Systems: PhonePe is likely to sell up to a 5 % equity stake worth Rs 476 crore in MapMyIndia, with a floor price set at Rs 1,750 per share, as per media reports. As of March 2025, PhonePe holds an 18.74 per cent stake in the company Sterlite Technologies: The company signed an agreement with BSNL for Rs 2,631 crore telecom project. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for Jammu and Kashmir and Ladakh. Positive MACRO WRAP • The DJIA was flat, while the S&P500 and the Nasdaq Composite Index fell 0.3% and 0.5% respectively. The Eurostoxx 50 dropped 0.4%. The Dollar Index fell 0.5% to 98.63. EUR-USD rose 60 pips to 1.1490. The US 2Y yield fell 7bp to 3.95% and the 10Y yield dropped 5bp to 4.42%. Brent crude oil prices rose 4.3% to USD69.77. Gold rose 1% to USD3,355. • US and China reached a preliminary deal on rare earths supply and eased student visa restrictions, but a major issue of tariffs and export control remain unsolved, which weighed on investor sentiments. President Trump said the deal was “done,” pending approval from him and President Xi, with a decision expected soon. As of now US levies 55% duties on Chinese goods and China charges 10% duties on US. The 55% tariffs that President Trump mentioned include a 10% baseline reciprocal tariff, a 20% fentanyl-related tariff, and roughly 25% tariff from his first term and most favoured nation rates. Overall negative for USD. • US CPI increased 0.1% m/m in May, weaker than consensus’ expectations for a 0.2% m/m rise, bringing the annual inflation rate to 2.4%. Core CPI, which excludes volatile food and energy prices, rose 0.1% m/m in May (consensus: 0.3%) and 2.8% y/y. sentimentally positive for USD. • Oil prices rose on Wed as tensions escalated between the US and Iran, with US President Donald Trump expressing doubt that the two countries will reach a nuclear deal. Brent crude futures rose $2.90, or 4.3%, to close at $69.77/bbl. US West Texas Intermediate crude gained $3.17, or 4.9%, to settle at $68.15/bbl. • Economic data – UK GDP, UK Goods Trade Balance, UK Industrial Production, UK Manufacturing Production, US PPI, US Initial Jobless Claims. OTHER NEWS Zee Entertainment: The company will approve suggestions made by the investment banker in its board meeting on June 16. Cyient: Cyient Foundation, the CSR arm of Cyient signed a MoU with AICTE to establish and build an innovation cluster in Visakhapatnam, Andhra Pradesh. Adani group:: Group has doubled pace of its capital spending plan and now intends to invest $100 billion in five to six years instead of spreading it out over a decade. The Adani Group plans to borrow $30 billion from domestic and international markets to bankroll its massive investment plan and Internal accruals will finance the rest with about $50 billion likely from the group’s listed companies. Newer assets, including airports, roads, and renewable energy projects, should bring in another $20 billion by 2030 by when the metals business will likely be listed as well. Additionally, as per the news Adani’s group is gearing up to list its airports unit by 2027, as part of an ambitious growth plan that entails investing $100 billion. Positive Angel One : Ketan Shah has resigned from the role of Chief Sales and Revenue Officer – Assisted Business, as well as from the position of Whole-Time Director and Key Managerial Personnel of Angel One, including his roles on committees of the Board, due to personal reasons. His resignation will be effective from July 18. Sentimentally Negative Marine Electricals: The company received an order worth Rs 60 crore from ACG Universal Capsule for the supply, installation, testing & commissioning of the power distribution system. Hindustan Copper: The company plans to increase its capacity to 12.2 MTPA from 4 MTPA and plans mine capacity expansion till FY31. The company plans a capital expenditure of Rs 2,000 crore in 5-6 years.