The Indian benchmark indices, the BSE Sensex and the NSE Nifty, are set to open flat-to-higher on Thursday, tracking mixed cues from global peers and ease in geopolitical tensions. The market is expected to see high volatility on account of the monthly expiry day of the June futures and options (F&O) contracts today. At 7:20 a.m., the GIFT Nifty Futures were up 30 points, or 0.12%, at 25,291, indicating a muted start for the Sensex and the Nifty50.

On the global front, the Asian markets witnessed mixed trends following muted cues from Wall Street, with the Japanese market rallying over 1%, while Singapore’s Straits Times traded marginally higher. On the other hand, Hong Kong’s Hang Seng, South Korea’s Kospi, and China’s Shanghai Composite traded marginally lower.

In overnight traded, U.S. stocks ended on a muted note as investors booked some profits after the recent rally. The Nasdaq Composite ended 0.3% higher, led by a rally in chipmaker Nvidia’s shares. The Dow Jones Industrial Average fell 0.3%, while the S&P 500 settled flat.  

Back home, the Indian equities market ended higher for the second consecutive session, driven by broad-based buying across sectors. The BSE Sensex closed at 82,755.51, up 700.4 points or 0.85%, and the NSE Nifty50 ended at 25,244.75, up 200.40 points, or 0.8%. In the broader markets, the Nifty MidCap index settled 0.44% higher, while the Nifty SmallCap index rallied 1.5%. The market sentiment was boosted by a dip in crude oil prices and firm global cues following the ease in geopolitical tensions.

Among the BSE Sensex pack, 27 of the 30 stocks ended higher, with BEL, Kotak Mahindra Bank and Axis Bank being the outliers. The Top 5 gainers on the Sensex were Titan Company, Infosys, M&M, Bharti Airtel, and TCS, rising in the range of 3.6% to 1.7%. On the other hand, BEL, Kotak Mahindra Bank and Axis Bank shares declined between 0.7% and 3.06%.

Stocks to watch

BSE: The Securities and Exchange Board of India (Sebi) has imposed a penalty of ₹25 lakh on the BSE for multiple lapses, including granting early access to market-sensitive announcements and failing to enforce adequate surveillance on trading code modifications.

JSW Steel: The steelmaker has filed a review petition in the Supreme Court against its May 2 judgment in the ₹19,700-crore Bhushan Power and Steel (BPSL) resolution plan case, in which the apex court had scrapped JSW's acquisition of BPSL after four years.

Texmaco Rail and Engineering: The railway-related company has secured export orders worth $62.24 million (₹535 crore) from the Cameroon-based CAMALCO SA.

Adani Total Gas: The Adani Group company has entered into a partnership with Jio BP to sell its petrol and diesel at Adani Total outlets. Meanwhile, Jio BP will offer Adani’s CNG services at its stations.

Tata Steel: The country’s largest steelmaker has received a show-cause notice from the Central GST and Excise department in Jamshedpur for allegedly availing input tax credit irregularly worth ₹890.52 crore between FY19 and FY21.

Can Fin Homes: The housing finance company plans to raise up to ₹11,000 crore, including ₹10,000 crore via bonds and other debt instruments, either in India or overseas.

JSW Energy: The company’s unit, Energizent Power, has inked a long-term power supply agreement wth state-owned NHPC.

ASK Automotive: The company’s board has approved a new joint venture with Germany’s TD Holding GmbH.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)