June 12, 2026

TOP NEWS

War update: After continuously threatening for attacks over Iran president Donald trump has taken U turn and has called of its strike on the nth hour of the day and highlighting that a peace deal could be signed as soon as this weekend without specifying into the details. On the other side Iran’s spoke person said that nothing has been finalized. Mr. Trump also claimed that Iran’s supreme leader had approved the deal, which he said would result in the resumption of shipping traffic in the Strait of Hormuz but still nuclear issues will be discussed conceptually.  Israel, which joined the United States in launching the war, said it was not a party to the deal, and has generally been excluded from the peace talks. Asian markets are cheering the optimism in the deal agreements and is up in the range of 2-3%. Gift nifty indicates a positive start with an 50 points up on the bourses.

MTAR Tech: Company clarifies that no impact expected on Bloom DD from the news and have received no communication from Bloom -Crusoe (EPC partner) has stepped out, but project will continue\. Not directly dependent on any single end-project. -Clean energy orders secured this fiscal: ~INR 2,800 cr -Closing order book of INR 1,300 cr for this segment covers the next couple of years.

Sagility: A leading tech and AI-led healthcare operations and transformation company, has acquired CareSeed, a US-based healthcare analytics company specialising in NCQA-certified HEDIS quality reporting, medical record review, chart abstraction, and regulatory analytics for health plans. The aggregate purchase consideration is up to $30 million, comprising an upfront payment of $17.5 million at closing, subject to customary closing adjustments, and a contingent consideration of up to $12.5 million, payable subject to the achievement of revenue growth synergies.

Anupam Rasayan India Ltd. has become he first company globally to commercialize ETFA (Ethyl trifluoroacetate) using its proprietary continuous flow chemistry platform and positioning the company as a leader in complex fluorination chemistry and addressing the growing demand for ETFA in the life sciences and pharmaceutical sectors. The global market for ETFA is estimated at USD 500-600 million.

OMCs: Brent Crude Oil below USD 90/barrel. Positive for OMCs such as HPCL, BPCL and other OMC shares.

Dabur India: The US FDA inspected the company's manufacturing plant at Silvassa, Dadra and Nagar Haveli, and identified certain deficiencies related to data integrity and maintenance lapses. Following the inspection, the company received inspectional observations, to which appropriate responses were submitted to the US FDA. Domestic products are not covered and not impacted by this order. The plant continues to be operational. Sentimentally negative.

Federal Bank: Launched a new variant of its FCNR (B) deposit scheme called 'FCNR Max' specifically tailored for its NRI customers.

MACRO WRAP

·         The World Bank lowered its 2026 global growth forecast to 2.5%, the weakest pace since the pandemic, and cut China's growth forecast to 4.2% from 4.4%.The World Bank lowered its 2026 global growth forecast to 2.5%, the weakest pace since the pandemic, and cut China's growth forecast to 4.2% from 4.4%. sentimentally negative for Industrial commodities

·         Overnight session was defined by a dramatic geopolitical pivot. After US Central Command launched a second consecutive day of strikes on Iran overnight, President Trump abruptly reversed course mid-session, posting on social media that planned strikes had been canceled and that a peace deal could be signed as soon as this weekend. This drove a broad risk-on rally. US stocks jumped while Treasury yields fell 8–10 bps across the curve. The USD fell as safe haven demand receded while oil plunged toward $86/bbl in after-hours trade. Gold surged as lower yields and a weaker USD provided a tailwind.

·         The European Central Bank (ECB) delivered its first rate hike since 2023 as widely expected. It hiked the Deposit Facility Rate by 25bp to 2.25%. ECB President Christine Lagarde said the decision was unanimous and that no other options, such as a hold or an even bigger hike, were discussed. She said going forward, decisions will be taken on a meeting-by-meeting basis. She would not confirm whether ECB is conducting a measured adjustment or a forceful response to inflation

·         The Producer Price Index (PPI) again outpaced expectations by a wide margin in May 2026, gaining 1.1% for the month. This result translates to a 6.4% year-over-year gain in the cost of producers’ inputs, matching the sharpest rise in Finished Goods PPI in nearly four years (6.4%; December 2022). Energy PPI inflation rose by 10.7% for the month of May 2026 alone. And Energy PPI is now 35.8% higher on a year-ago basis. Sentimentally negative for USD

·         Energy PPI rebounded for the month after falling back from March’s initial spike and posting a new record high for the data set which is available only through 2009. The consequences of continued cost pressures for businesses will be a reckoning of whether those costs can be passed on to consumers, who continue to spend despite higher costs, or to find cost savings elsewhere which implies risks for U.S. employment security.

·         The markets will now closely watch whether a formal US-Iran agreement can be reached. The rally overnight was probably driven less by expectations of an imminent peace deal and more by President Trump's abrupt shift from escalation to de-escalation. As such, geopolitical developments are likely to remain a key swing factor for markets in the near term.

·         The DJIA, S&P500, and Nasdaq rose 1.9%, 1.8% and 2.5% respectively overnight. The Philadelphia Semiconductor Index surged 7.9%. The Euro Stoxx 50 gained 0.8%. The Dollar Index fell sharply by 0.6% from the day’s high and down 0.3% for the day to 99.70. EUR-USD gained 40 pips to 1.1580

·         The US 2Y bond yield fell 8bp to 4.06%, while the US 10Y yield declined 9bp to 4.46%. The German 10Y bond yield fell 5bp to 3.03% despite the ECB rate hike. The UK 10Y yield fell 3bp to 4.91%. Brent crude oil fell 2.9% to USD90.38. Gold rebounded 3.4% to USD4,212 as US Treasury yields and the USD weakened.

·         Data watch: For today, the focus will be on the debut of a leading US space and AI infrastructure company. It raised USD75bn in the largest IPO ever, valuing the firm at USD1.77trn. The listing is also widely viewed as a test of investor appetite for AI-related assets ahead of anticipated IPOs from two AI companies later this year.

OTHER NEWS

PCBL: The company has commissioned a 20,000MTPA product line at its Mundra facility, expanding into high value printing segment to target growing digital and UV printing demand.

Vedanta: The company's four demerged shares, Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power and Vedanta Iron & Steel are scheduled to list on the exchanges on June 15.