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Orkla India, which owns MTR Foods and Eastern Condiments, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The proposed issue is a complete offer for sale of 2.28 crore equity shares to raise funds. Read for more

Market Watch: Jay Thakkar of ICICI Securities

Buy GAIL for a target price of ₹210-215 with a stop loss of ₹194.50

Buy Nalco for a target price of ₹205 with a stop loss of ₹185#CNBCTV18Exclusive | Power Minister to conduct Stakeholder Consultation on market coupling, government sources to CNBC-TV18 pic.twitter.com/US7dBUwbQp

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

Shares of the Bombay Stock Exchange (BSE) Ltd. fell as much as 5% after the stock was added to stage-1 of the Additional Surveillance Measures (ASM) framework. here

Minda Corp signed a joint venture agreement with Japan’s Toyodenso to manufacture and sell advanced automotive switches in India. The JV will operate through a newly incorporated entity. Following the announcement, Minda Corp shares showed volatile movement on June 11. here

Shares of IEX have seen a sharp fall from the highs of the day, currently 7.7% lower at ₹193.7.

The much-awaited market coupling of power exchanges may witness some development as government sources have told CNBC-TV18 that Power Minister Manohar Lal may conduct consultations with stakeholders on the issue to apprise them about the benefits of market coupling.

Devang Mehta, Director–Equity Advisory, Spark Private Wealth Management

On financials: “In the last 4-5-6 months, while the recovery was led by a lot of other sectors as well, financials led the recovery, and most of the banks that underperformed over the last three-four years, be it HDFC Bank, Kotak Mahindra Bank, or even ICICI Bank, they all did extremely well.

Over here, what one needs to monitor is that there are other sectors that are part of the financials. Today, India’s BFSI sector, in terms of market cap, would be around Rs 110-115 lakh crore out of ₹450 lakh crore, which is around 25% of the market cap. So, would banks do well.

Yes, over the next five years, they would give 12-14% CAGR. But private financials like certain NBFCs, wealth management companies, here the growth rates can be 18-22-25% in certain cases. So, I would place more bets. Yes, we would probably buy banks, but we will buy other financials with lot more conviction than banks.”

 #CNBCTV18Market | #GMDC off lows after sources say govt exploring leveraging #PSUs for rare-earth magnets production, up nearly 2% https://t.co/gctbM0xi4k pic.twitter.com/V2iq4oqoOO

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

Devang Mehta of Spark Private Wealth highlights three key investment themes—Capex, Consumption, and Credit growth. He sees strong potential in capital goods ancillaries and engineering firms benefiting from India’s manufacturing push. On consumption, he favours discretionary plays like travel, tourism, and organised retail. For credit, he expects banks, NBFCs, and wealth management firms to benefit from expanding financial penetration and rising investments.

Pritesh Mehta, EVP of Yes Securities

Buy Biocon for a target price of ₹385 with a stop loss of ₹335

Buy LIC Housing Finance for a target price of ₹720 with a stop loss of ₹590

Gold prices in India edged up on June 11, gaining ₹180 to ₹97,082 per 10 grams. The rise was supported by a steady US dollar and positive global cues. Intraday prices ranged between ₹97,011 per 10 grams and ₹97,315 per 10 grams. here

BSE Ltd Is Added To the Additional Surveillance Measure List

For at least the next one to two years, Vodafone Idea‘s survival is not at risk, thanks to the recent equity conversion of spectrum dues, said Gaurav Malhotra, Executive Director at Axis Capital. He added that there is scope for further conversion of spectrum-related liabilities into equity over time. here

Amid the crises surrounding the shortage of rare earth metals, the Govt is exploring how India Rare Earths Ltd can be leveraged for the production of rare earth magnets, sources told CNBC TV18.

Officials are also exploring how domestic capacity can be built with private sector collaboration with India Rare Earths Ltd, a Govt of India PSU

The Reliance Industries stocks carried the Nifty 50 index as it traded in green with gains. The company shares jumped in value by ₹25.30 or 1.76%, rising to ₹1,463.60, an 8-month high.

The Indian rupee appreciated by 6 paise to 85.51 against the US dollar in early trade on Wednesday (June 11), supported by strong foreign institutional investor (FII) inflows and a drop in global crude oil prices. here

Nifty crosses 25,200 intra-day, above 25,200 for the first time since October 15, 2024. Reliance Industries is the biggest contributor to Nifty’s gains, up nearly 2% today.

#JustIN | #RekhaJhunjhunwala sells 17.38 lk shares (1.98% eq) of #NazaraTech from June 2-6, stake falls to 5.07% from 7.05% pic.twitter.com/EGIax9fxuD

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

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HSBC Global Research remains positive on life insurance stocks, citing low earnings risks and supportive valuations. The brokerage raised price targets by up to 8% on SBI Life, HDFC Life, and ICICI Prudential, despite their recent rally. here

Bluespring On CNBC-TV18

#CustomsDept probing duty evasion under ASEAN-India free trade agmt, notices sent to 2,000 #copper importers for paying low duty for several yrs

Sources to @TimsyJaipuria pic.twitter.com/WxwK4ummNq

— CNBC-TV18 (@CNBCTV18Live) June 11, 2025

According to Prime Database, the IPO pipeline is now larger than ever. A total of 72 companies have already received SEBI clearance for IPOs. These approvals represent a potential fundraising of ₹1.4 lakh crore.

Prashant Paroda of Allspring Global Investments expects India to capture over 20% of emerging market fund flows, with nearly 30% of that likely going to financial stocks. He sees Indian banks and financial institutions entering a catch-up phase after years of underperformance. hereNewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.