Sensex, Nifty snap four-day gains streak, close in green

Benchmark indices snapped a four-day gaining streak amid weak global cues. Sensex fell 150 points to 53,026 and Nifty lost 51 points to 15,799. HUL, Axis Bank and Bajaj Finserv were the top Sensex losers, falling to 3.46 per cent. NTPC, Reliance Industries, Sun Pharma and Ultratech Cement were the top Sensex gainers, rising to 2.42 per cent.

Here's a look at stocks that are likely to remain in news today.

MTAR Technologies: Fabmohur Advisors LLP has sold a 0.2 per cent stake in MTAR Technologies. 61,855 shares or 0.2 per cent of the company was sold via open market transactions on June 28 by investor Fabmohur Advisors LLP. Its shareholding in the company has decreased to 0.79 per cent from 0.99 per cent earlier in the day.

Indian Oil Corporation: The board has cleared investment for capacity expansion of Digboi refinery in Assam from 0.65 to 1 mmtpa along with associated facilities at an estimated cost of 740.20 crore. The project is expected to be completed by October 2025.

Sterlite Technologies will buy a 25 per cent stake in Jiangsu Sterlite Tongguang Fiber Co. The company has a 25 per cent stake in Jiangsu Sterlite Tongguang Fiber Co Ltd. JSTFCL Its current shareholding in JSTFCL is 75 per cent. JSTFCL will become a wholly owned subsidiary of Sterlite.

PBA Infrastructure: PBA Infrastructure to consider voluntary delisting of shares on July 6. The board will hold a meeting on July 6 to consider the voluntary delisting of shares from the NSE.

Infosys will invest $10 million in The House Fund III, LP, a Venture Capital fund based out of the US. The investment is expected to be completed by June 30 this year. This is a minority holding and is not exceeding 20 per cent of the fund size.

Sobha: The realty firm has entered into a joint development agreement to build a housing project in Chennai. Savills India facilitated a joint development deal for a land parcel of 2.5 acre for the company.

Biocon: The pharma player will acquire 26 per cent stake in AMPYR Renewable Energy Resources Eleven AREREPL for Rs 7.5 crore. AREREPL was incorporated on April 13, 2021. It is a special purpose vehicle that is used for generation and supply of solar power.

Hikal: The Smallcap World Fund Inc sold 25 lakh shares of the life science firm Hikal for over Rs 62 crore through an open market transaction. According to the bulk deal data with NSE, it sold 25,00, 000 shares at an average price of Rs 249.02 apiece, valuing the transaction size at Rs 62.25 crore.

Home First Finance Company: Rating agency CARE has raised its credit rating on the home finance lender. CARE has increased the long-term credit rating on long-term bank facilities of the company from A to AA with stable outlook. The credit rating is for Rs 44.23 crore long-term bank facilities.

Wonderla Holidays: The government of Odisha has signed an agreement with the government of Odisha for the leasing of around 50 acre for the development of an amusement park in Bhubaneswar, Odisha.