Gift Nifty Morning

Stocks in Focus : Monday, 8 June

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GIFT Nifty Opening Update

GIFT Nifty opened today at 23,101.50. It is up 19.50 points (0.08%) from yesterday’s close of 23,097.50— so the trend is positive.

Indian benchmark indices Sensex and Nifty 50 are set for a significantly lower opening on Monday, 8 June, reflecting a global market downturn caused by rising tensions in the Middle East and waning expectations for a quick resolution in the ongoing US-Iran conflict. Gift Nifty was trading near 23,096, approximately 356 points lower than the previous close of Nifty futures, indicating a notable gap-down opening for domestic equities.

Global sentiment continued to face challenges as Asian markets experienced widespread declines in early trading, following a significant drop on Wall Street on Friday. The Nasdaq experienced its most significant one-day decline since April 2025, as market participants shifted away from risk assets in response to increasing geopolitical uncertainty and worries that interest rates may stay high for an extended period. Back home, Indian markets concluded Friday’s turbulent session with losses. The BSE Sensex declined by 116.67 points, representing a decrease of 0.16%, closing at 74,243.34. Meanwhile, the NSE Nifty 50 experienced a drop of 49.85 points, or 0.21%, ending at 23,366.70.

Let’s review the latest developments in the stock market. Covering key investments, major transactions, contract victories, buyouts, and new listings, here’s a brief overview of which stocks will be in focus in today’s trading session.

Stocks to Monitor:

  • Adani Energy Solutions / Adani Enterprises – SBI Mutual Fund has acquired a 0.52% stake in Adani Energy Solutions by purchasing 63.65 lakh shares from GQG Partners Emerging Markets Equity Fund for Rs 957.9 crore at Rs 1,504.8 per share. The fund house acquired a 1.27% stake in Adani Enterprises, amounting to 1.64 crore shares, for a total of Rs 4,789.6 crore at a price of Rs 2,913.4 per share. As of March 2026, SBI Equity Hybrid Fund maintained a 3.67% stake in Adani Energy Solutions, whereas GQG Partners possessed 1.91% in Adani Energy Solutions and 1.59% in Adani Enterprises.
  • Alembic Pharmaceuticals has entered into a shareholders’ agreement to obtain a 45% interest in a newly established Canadian entity, aligning with its strategy to enhance its footprint in global pharmaceutical markets.
  • Allied Blenders and Distillers has announced that Managing Director Alok Gupta will be stepping down from his position, effective 31 May 2026. The board has appointed Amar Sinha as the new Managing Director effective 1 June 2026.
  • Creative Newtech, in collaboration with its consortium partner, has secured an advance work order from BSNL for the BharatNet Middle Mile Network Project in the Odisha Telecom Circle. The project, valued at around Rs 3,194.83 crore, encompasses design, supply, construction, installation, upgradation, operation, and maintenance of the network.
  • EMS has been identified as the lowest bidder (L-1) for a project granted by UP Jal Nigam (Urban), Varanasi. The construction contract is projected at Rs 102.8 crore.
  • HG Infra Engineering has obtained the provisional completion certificate for its Ganga Motorway project in Uttar Pradesh, valued at Rs 4,970.99 crore. The EPC project encompassed civil and related works for the motorway.
  • Hindustan Zinc has entered into a memorandum of understanding (MoU) with TERI to initiate a 250-hectare ecological restoration project in Rajasthan, reinforcing its commitment to environmental sustainability initiatives.
  • Lenskart Solutions – Viridian Asia Opportunities Master Fund acquired 18.96 lakh shares, which constitutes a 0.1% stake, in Lenskart Solutions from Copthall Mauritius Investment for Rs 96.42 crore at Rs 508.55 per share.
  • Pine Labs – Invesco Developing Markets Fund divested 78.85 lakh shares, representing a 0.68% stake, in Pine Labs via a block deal valued at Rs 115.11 crore at a price of Rs 145.97 per share.
  • PNGS Reva Diamond Jewellery – The promoter P N Gadgil & Sons has enhanced its stake by acquiring 1.6 lakh shares, representing a 0.5% ownership in the company, for a total of Rs 6.26 crore at a price of Rs 391.58 per share.
  • Sterlite Technologies – Motilal Oswal Mutual Fund has acquired 36.48 lakh shares, which accounts for a 0.74% stake, in Sterlite Technologies for a total of Rs 225.86 crore at a price of Rs 619.07 per share.
  • Zed Entertainment Enterprises’s board is scheduled to convene on 10 June to evaluate a proposal aimed at raising capital through the issuance of equity shares and/or convertible securities in one or more tranches.