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3 min read | Updated on June 13, 2025, 08:14 IST
SUMMARY
Stocks to Watch: Due to a sharp spike in crude oil prices, shares of oil marketing companies, oil exploration firms, paints, tyres, and aviation will be in focus.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 253 points lower. | Image: Shutterstock
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.
Israel said early on Friday that it struck Iran, and Iranian media said explosions were heard in Tehran as tensions mounted over US efforts to win Iran's agreement to halt production of material for an atomic bomb. Reuters reported.
Reliance Industries, through its affiliate Siddhant Commercials Pvt Ltd, sold 3.50 crore equity shares, or a 3.64% stake, in Asian Paints, as per the block deal data available with the National Stock Exchange (NSE).
The project, with a tariff of ₹3.97 per unit, is to be commissioned within 24 months from the date of execution of the power purchase agreement (PPA), with an estimated investment of about ₹2,650 crore.
Torrent Green Energy Pvt Ltd, a wholly-owned subsidiary, received a 'Letter of Award' from Solar Energy Corporation of India (SECI) on June 11 for setting up a 300 MW wind power project under Wind Tranche-XVIII.
The board of directors of the private sector bank had approved the transaction on April 19, 2025, it said in a regulatory filing.
NIIT-IFBI (NIIT Institute of Finance Banking and Insurance Training) ceased to be an associate of ICICI Bank; consequent to the transaction, it added.
The acquisition of the unlisted subsidiary of Hindusthan Urban Infrastructure Ltd is subject to regulatory and customary approvals, DCM Shriram said in a statement.
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