Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.
Follow Market Alerts by Zerodha on X (Twitter) to get instant summaries of key exchange filings as soon as they happen. These alerts are delivered in real time by Tijori.
Market Overview
The Nifty opened with a nearly 100-point gap up at 25,196.05 and dipped almost 150 points in the first 20 minutes to test 25,055. It then recovered 100 points to reach 25,160, after which the index traded in a range between 25,100 and 25,140 for the rest of the day, eventually closing flat at 25,104.25.
While the RBI’s sharper-than-expected rate and CRR cuts, along with steady global markets, sustained the positive momentum, global uncertainty persists. Investors are now awaiting U.S. inflation data on Wednesday for clues on the Fed’s next move.
Broader Market Performance:
Broader markets stayed strong today. Of the 2,991 stocks traded on the NSE, 1,609 advanced, 1,302 declined, and 80 remained unchanged.
Sectoral Performance:
In today’s market performance, the top-gaining sector is Nifty IT, which closed with a gain of 1.67%, followed by Nifty Media, which closed at 1731.65 with a gain of 1.09%.On the other hand, the top losing sector is Nifty Realty, closing at 1026.30 with a decline of 1.14%. Additionally, the overall market saw a mixed performance, with 7 sectors closing in the green and 5 sectors closing in the red. This indicates a relatively balanced trading day, with some sectors performing well while others faced losses.
Note: The above numbers for Commodity futures were taken around 5 pm. Here’s the trend of FII-DII activity from the last 5 days:
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 12th June:
- The maximum Call Open Interest (OI) is observed at 25,500, followed closely by 25,200, suggesting strong resistance at 25,200 - 25,300 levels.
- The maximum Put Open Interest (OI) is observed at 25,000, followed closely by 24,800, suggesting strong support at 24,700 to 24,600 levels.
Note: OI is subject to multiple interpretations, but generally, an increase in the call OI indicates resistance in a falling market, and an increase in the put OI indicates support in a rising market.
Source: Sensibull
Tijori is an investment research platform, and they have constructed niche indices for various themes and sub-sectors. They help you understand the market performance of narrow slices of the market. You can also track the Promoter buying and other interesting stuff like Capex activity by the companies in the Tijori App’s idea dashboard
What’s happening in India
Azim Premji Trust sold 20.23 crore Wipro equity shares worth over ₹5,057 crore through a block deal on June 9 at ₹250 per share. The shares were purchased by three entities: Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company. Dive deeper
ITD Cementation India has secured a ₹893 crore contract in Odisha to build a berth and breakwater for greenfield captive jetties. Dive deeper
The Indian government relaxed SEZ rules for semiconductor and electronics manufacturing, reducing minimum land requirements from 50 to 10 hectares and allowing domestic supply alongside exports. Following these June 3, 2025, changes, two facilities were approved in Gujarat and Karnataka with a total investment of ₹13,100. Dive deeper
Protean eGov Technologies won a Rs 100 crore contract from Bima Sugam India Federation to develop and maintain the Bima Sugam Marketplace, a nationwide digital insurance platform. The 72-month contract involves comprehensive technology solutions, including development, implementation, and maintenance of the unified insurance marketplace. Dive deeper
Wipro relocated its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia, and appointed Mohamed Mousa as Managing Director for the region. The IT major also signed an MoU with Prince Mohammad Bin Fahd University to establish a Center of Excellence in Riyadh for training local talent in advanced technologies. Dive deeper
Glenmark Pharmaceuticals will launch cancer drug zanubrutinib (Brukinsa) in India after DGCI approval, marking the first Bruton’s tyrosine kinase inhibitor approved for five B-cell malignancies. Dive deeper
Sebi proposed updating the Research Analyst FAQs to reflect December 2024 regulatory amendments and January 2025 guidelines. The draft circular seeks to clarify provisions for Research Analysts following recent regulatory changes. Public comments are invited until June 30 before finalizing the consolidated FAQs. Dive deeper
Life insurers reported strong growth in May with new business premiums up 12.68% to ₹30,463 crore, led by private players at 16.57% growth compared to LIC’s 10.27%. Despite fewer policies being sold, the April-May period saw total premiums rise 10.86% to ₹52,427 crore as companies focused on attracting first-time buyers. Dive deeper
State Bank of India paid a dividend of ₹8,076.84 crore to the government for FY2024- 25, with the cheque presented by Chairman C.S. Setty to Finance Minister Nirmala Sitharaman. The dividend at ₹15.90 per share was higher than the previous year’s ₹13.70, reflecting SBI’s record net profit of ₹70,901 crore, up 16% from ₹61,077 crore. Dive deeper
Advent International is investing $175 million for a minority stake in Dublin-based Felix Pharmaceuticals, a generic animal pharma company that has scaled to 14 commercialized products since its first FDA approval in 2020. The investment will support Felix’s expansion in the animal health generic medicines market, leveraging Advent’s healthcare expertise and networks.RetryClaude can make mistakes. Please double-check responses. Dive deeper
United Spirits denied reports about a potential stake sale in IPL franchise Royal Challengers Bengaluru, calling them “speculative” after media reports suggested parent Diageo Plc was evaluating sale options. Dive deeper
Paras Defence announced July 4 as the record date for its first-ever 1:2 stock split after receiving 99.99% shareholder approval at the AGM. Dive deeper
NHAI plans to launch a public Infrastructure Investment Trust to expand its investor base and provide retail access to infrastructure assets. The authority aims to offer three quarterly bundles of Rs 2,000-9,000 crore each and conduct 1-2 annual InvIT phases. Dive deeper
What’s happening globally
Brent crude rose to $67.2 per barrel, its highest in over a month, as US-China trade talks in London showed positive signs and geopolitical tensions persisted amid the Russia-Ukraine conflict and US-Iran nuclear uncertainties. Meanwhile, Saudi Arabia urged OPEC+ to increase output, raising oversupply concerns. Dive deeper
The US dollar index rose above 99.2 as optimism around US-China trade talks boosted the greenback, which gained notably against the yen, euro, and pound. Dive deeper
UK regular pay, excluding bonuses, increased 5.2% year-on-year to £674 per week in the three months to April 2025, the slowest pace in seven months. Real wages, adjusted for inflation, grew by 1.4%. Unemployment edged up to 4.6%. Dive deeper
Mexico’s antitrust regulator Cofece will rule by June 17 on whether Google built an illegal monopoly in digital advertising, potentially fining the tech giant up to 8% of its annual Mexican revenue. Dive deeper
Hyundai Motor has a rare earths stockpile lasting about a year and expects no near-term impact from China’s export restrictions, according to a source from a company investor call. Dive deeper
OpenAI reported annualized revenue of $10 billion in June, nearly doubling from $5.5 billion in December 2024, as demand for its ChatGPT platform continues to grow. The company remains on track to meet its $12.7 billion revenue target for 2025 despite posting $5 billion in losses last year. Dive deeper
U.S. aluminium producers like Century and Matalco are benefiting from Trump’s 50% tariff, as domestic prices and premiums surge. However, concerns are rising over demand disruption and supply chain strain. Scrap imports are climbing as recyclers rush to cash in. Dive deeper
Management chatter
In this section, we pick out interesting comments made by the management of major companies and policymakers of the Indian and Global Economy.
Karthik Kumar, Fund Manager, Axis Mutual Fund, on earnings outlook and market flows
“The earnings outlook should improve in four to six months, leading the market to trend upwards.”
“The backdrop for both domestic and FII inflows is positive, with higher cash numbers at the industry level for DIIs.”
“FIIs have turned positive on India due to expected US interest rate policy path, dollar weakness, and being underweight in India, which are all positive from a flow perspective.” Link
Tufan Erginbilgic, CEO, Rolls-Royce, on the UK government nuclear deal and SMRs
“The selection by Great British Nuclear to build three SMR units is a very significant milestone and a vote of confidence in our unique nuclear capabilities.”
“Our SMR technology is 18 months ahead of competitors in the UK’s independent industry regulatory assessment, providing a crucial ‘first mover advantage’.”
“I believe the value of Rolls-Royce SMR will grow materially from here as we successfully execute and deliver on the potential of this venture.” - Link
Have you checked out The Chatter?
Every week, we listen to the big Indian earnings calls—Reliance, HDFC Bank, and even smaller logistics firms—and copy the full transcripts. We then remove the fluff and keep only the sentences that could move a share price: a surprise price hike, a cut-back on factory spending, a warning about weak monsoon sales, or a hint from management on RBI liquidity. We add a quick, one-line explainer and a timestamp so you can trace the quote back to the call. The whole thing lands in your inbox as one sharp page of facts you can read in three minutes—no 40-page decks, no jargon, just the hard stuff that matters for your trades and your macro view.
Go check out The Chatter here.
Calendars
In the coming days, we have the following significant events and corporate actions:
That’s it from us for today. We’d love to hear your feedback in the comments, and feel free to share this with your friends to spread the word!
We’re now on Telegram, follow us for interesting updates on what’s happening in the world of business and finance. Join the conversation on today’s market action here.