Sterlite bags ₹2,631 Cr BSNL contract; Centre cuts crude edible oil duty & more
- Share.Market
- 8 min read
- 12 Jun 2025
Highlights
Indian equity markets saw a sharp decline as both the Nifty 50 and BSE Sensex closed over 1% lower. The selloff was triggered by a mix of global uncertainties, including rising oil prices, escalating US-Iran tensions, and caution ahead of key US-China trade developments. All sectors ended in the red, except the Nifty Healthcare Index.
Headline Indices
Sectors at a Glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
Top Losers
*Prices shown may have delay up-to 15 minutes
INDIA VIX
What Made Headlines?
STLTECHSterlite Technologies shares surged 15% after winning a ₹2,631 crore BSNL contract to build and maintain the BharatNet middle-mile network in Jammu & Kashmir and Ladakh over 13 years.
SHAKTIPUMPShakti Pumps secured a ₹114 crore order from the Maharashtra government to supply 4,500 solar water pumps under the PM-KUSUM scheme. The project includes design, supply, and installation work.
ANURASAnupam Rasayan signed a Master Purchase Agreement with a major Japanese conglomerate, boosting its presence in Japan. The deal marks a strategic expansion into global specialty chemicals markets.
RAILTELRailTel bagged an order from South Eastern Coalfields for managed bandwidth services via MPLS VPN. The 3-year project supports CCTV video streaming across SECL mines.
What’s Happening Beyond Our Markets?
- Centre slashes import duty on crude edible oils from 20% to 10% to lower retail prices, curb inflation, and boost domestic refining.
- China’s export curbs on rare-earth magnets may hit auto production by mid-July, says ICRA. Inventory is depleting fast, and finding alternative supply chains is proving difficult.
- The US budget deficit narrowed 9% to $316B in May 2025, helped by record $23B customs receipts from Trump’s new tariffs. Interest payments on debt also fell for the first time since October.
- UK GDP shrank 0.3% in April 2025, its first drop in six months, hit by higher costs, Trump tariffs, and weak services. But GDP still grew 0.7% in the 3 months.
Back to Basics
Terms that put you one step ahead – every day.
What Is CRR?
CRR (Cash Reserve Ratio) is like a mandatory piggy bank for banks.
It’s the portion of total deposits that banks must keep with the RBI in cash, no lending, no investing.
Let’s say the CRR is 3%.
If you deposit ₹100 in your bank, your bank must send ₹3 straight to the RBI. The bank can only use the remaining ₹97 to give loans or invest.
Why Does the RBI Do This?
- To Control Liquidity
- To Fight Inflation
- To Keep Banks Safe
CRR is the RBI’s way of making sure banks stay liquid and the economy doesn’t overheat.
It’s one of the key levers to balance growth and stability.
IPO Corner
Mainline IPO
| Company | Date | Issue Price | Minimum Investment |
| Oswal Pumps | June 13, 2025 to June 17, 2025 | ₹584 to ₹614 per share | ₹14,016 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Bajaj Finance Ltd. | 16 Jun 2025 | 16 Jun 2025 | Stock Split | From ₹2 to ₹1 |
| Bajaj Finance Ltd. | 16 Jun 2025 | 16 Jun 2025 | Bonus issue | 4:1 |
| Honeywell Automation India Ltd. | 16 Jun 2025 | 16 Jun 2025 | Final Dividend | ₹105.00 |
| Tata Technologies Ltd. | 16 Jun 2025 | 16 Jun 2025 | Final Dividend & Special Dividend | ₹8.35 & ₹3.35 |
| Hindustan Zinc Ltd. | 17 Jun 2025 | 17 Jun 2025 | Interim Dividend | ₹10.00 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back tomorrow to cut through the noise, so you can focus on investing intelligently.
