Zen Tech Acquires 54.67% Stake in TISA Aerospace; FX Reserves Near $699B & More
- Share.Market
- 10 min read
- 23 Jun 2025
Highlights
Indian markets opened the week on a weak note, as investors reacted to heightened geopolitical tensions after the U.S. bombed three nuclear sites in Iran, signaling stronger support for Israel.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MediaNIFTY MEDIA | +4.39%+73.60 | 1748.40 |
 Nifty Consumer DurablesNIFTY CONSR DURBL | +0.82%+302.95 | 37229.15 |
 Nifty MetalNIFTY METAL | +0.66%+59.95 | 9198.55 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty FMCGNIFTY FMCG | -0.74%-404.10 | 54226.85 |
 Nifty AutoNIFTY AUTO | -0.92%-218.20 | 23461.15 |
 Nifty ITNIFTY IT | -1.48%-577.35 | 38414.10 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
*Prices shown may have delay up-to 15 minutes
Broader Market Performance
INDIA VIX
Put Call Ratio of Nifty 50 (expiry: 26th Jun) is 0.99
What Made Headlines?
ZENTECZen Tech enters UAV space by acquiring 54.67% stake in TISA Aerospace for ₹6.56 Cr. The move expands Zen’s defence offerings with loitering munitions and drone solutions.
BELBharat Electronics bags fresh defence orders worth ₹585 crore for missile sighting systems, jammers, and critical communication gear, boosting its June orderbook.
NBCCNBCC shares rose after winning a ₹297 crore contract to help redevelop parts of Meerut city. This follows another ₹173 crore order last week to build UCO Bank’s new headquarters in Kolkata, showing strong business momentum.
RELINFRAJR Toll Road, a wholly owned subsidiary of Reliance Infrastructure, settled its entire ₹273 crore debt with Yes Bank. This clears both the subsidiary’s loan and removes the parent company’s guarantee obligation, fully resolving their financial commitment to the bank.
LALPATHLABDr. Lal PathLabs and Metropolis fell over after Amazon Diagnostics launched home lab testing in 6 cities via Orange Health Labs.
What’s Happening Beyond Markets?
- India’s foreign currency reserves grew by $2.3 billion to nearly $699 billion, approaching record levels. These reserves can cover 11 months of imports and protect against economic uncertainties.
- The government has reduced import duties on raw cooking oils to help local oil companies. This makes it cheaper to import raw oils instead of ready-made ones, helping Indian refiners run better and potentially lowering cooking oil prices for consumers.
- India’s agrochemical market is expected to grow from $11.2 billion today to $14.5 billion by 2028. Despite recent export struggles due to Chinese competition, the sector is recovering with strong domestic demand and cost-effective production methods.
- Oil prices jumped as much as 2.7% on Monday after the US attacked Iran’s nuclear facilities over the weekend. Oil briefly hit five-month highs as traders worry about Iran’s potential retaliation, which could disrupt global oil supplies through the Middle East.
- Singapore’s inflation dropped to 0.8% in May 2025, the lowest since early 2021. Food and transport costs rose more slowly, while entertainment and recreation prices fell, showing the economy is cooling down from previous price pressures.
- The US dollar strengthened after America attacked Iran’s nuclear facilities over the weekend. Markets are nervous about Iran’s potential response, which could disrupt oil supplies. Meanwhile, gold prices fell as investors prefer holding dollars during uncertain times like these.
Back to Basics
Terms that put you one step ahead – every day.
What Is a Price Return Index?
A Price Return Index (PRI) is a stock market index that measures only the price movements of its constituent stocks, without accounting for any dividends or other income distributions paid by those stocks.
This type of index is useful for tracking the general price trend of the market or a specific sector, but does not represent the total returns an investor would receive if dividends were reinvested.
For example, if a stock’s price increases by 10% but it also pays a 2% dividend, the price return index would only show the 10% price appreciation, ignoring the dividend income.
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Issue Price | Minimum Investment |
| Ellenbarrie Industrial Gases Ltd. | June 24, 2025 to June 26, 2025 | ₹380 to ₹400 per share | ₹14,060 |
Globe Civil Projects Ltd. | June 24, 2025 to June 26, 2025 | ₹67 to ₹71 per share | ₹14,137 |
| Kalpataru Ltd. | June 24, 2025 to June 26, 2025 | ₹387 to ₹414 per share | ₹13,932 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Aegis Logistics Ltd. | 25 Jun 2025 | 25 Jun 2025 | Interim Dividend | ₹2.00 |
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.
Disclaimer and Disclosure
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