India’s stock market is expected to open on a positive note Tuesday with GIFT NIFTY indicating a 62-point jump. Several companies are grabbing headlines, with Suzlon’s hefty block deal, Protean’s ₹100 crore contract, and Wipro’s slow but steady upswing at the heart of the day’s action.
It’s shaping up to be a day filled with triggers — from corporate orders and stake sales to broader index momentum. Here’s what traders are watching closely as the markets gear up for June 10.
Suzlon Energy Lights Up After Heavyweight Block Deals
Suzlon Energy is likely to steal the spotlight today.
A flurry of block deals worth ₹1,309 crore lit up the counters in the previous session. Around 19.81 crore equity shares, translating to a 1.45% stake, changed hands. The buyers? Heavy hitters like Goldman Sachs, Morgan Stanley, Societe Generale, and Motilal Oswal Mutual Fund.
This wasn’t just some routine shuffle. The shares were offloaded by promoter entities in open market transactions, raising eyebrows and optimism in equal measure.
And here’s the kicker — Suzlon has been riding high lately on its clean energy push, and this kind of institutional interest could keep that momentum going. The stock climbed 1.36% in anticipation.
One-liner moment: The buzz around Suzlon isn’t just noise — institutions are clearly betting on its story.
Protean eGov Wins Big With ₹100 Crore BSIF Order
Protean eGov Technologies made a sharp move into headlines after it revealed a major contract win on June 9.
The deal? A ₹100 crore work order from Bima Sugam India Federation (BSIF), a not-for-profit collective made up of India’s top insurance players. The order was awarded through a Request for Proposal (RFP) process, which tends to be both competitive and credibility-building.
This isn’t your average IT deployment. Bima Sugam is being designed as a massive unified digital marketplace for insurance — think of it like the UPI for insurance products.
Protean’s tech is already powering several digital identity and government services. Adding Bima Sugam to its portfolio could open up longer-term revenue channels. The stock moved up 3.43% following the announcement.
Quick side note: The contract marks a rare mix of public utility and private agility.
ZEEL Rebounds, but Merger Clouds Still Linger
ZEE Entertainment Enterprises Ltd (ZEEL) saw a 3.39% uptick, but it wasn’t entirely out of cheer.
Investors have been on a rollercoaster with ZEEL since the Sony-ZEE merger fallout. Regulatory hurdles and shareholder litigation had kept the sentiment dicey. But now, with whispers of strategic rethinking and potential fresh partnerships doing rounds, the stock seems to be crawling back into favor.
That said, volumes are still thin compared to the past. A few fund houses are cautiously dipping their toes back in, but large directional bets are yet to be seen.
There’s still a long way to go before ZEEL regains market trust, but the short-term sentiment appears to be thawing.
Just one sentence here: The rebound feels more like a breather than a breakout.
Wipro Crawls Higher Amid Broader Tech Uptick
It wasn’t dramatic, but Wipro’s 1.44% gain hints at something deeper.
The IT sector overall has been quietly picking up pace as global recession fears ease and deal flows stabilize. Wipro in particular has lagged behind peers like Infosys and TCS, but it’s finally starting to show signs of life.
In recent weeks, the company’s AI and cloud verticals have seen better client traction, insiders say. While the growth isn’t blockbuster yet, the tech major seems to be playing catch-up.
• Wipro’s stock had been under pressure for most of Q1
• But new orders from Europe and Southeast Asia are adding confidence
• Institutional flows into IT mutual funds have risen by 12% over the past month
• Analysts are beginning to revise earnings guidance for FY26
Table: Wipro’s Trailing 6-Month Stock Performance
| Month | Stock Price (₹) | MoM Change |
|---|---|---|
| January 2025 | 408 | — |
| February | 394 | -3.43% |
| March | 388 | -1.52% |
| April | 402 | +3.60% |
| May | 417 | +3.73% |
| June (So far) | 423 | +1.44% |
So yeah, it’s moving slowly — but at least it’s moving.
Capri Global and Jindal Saw: The Silent Movers
Capri Global may not have made any loud announcements, but the stock quietly moved higher on improving credit demand.
As a shadow lender, Capri has been riding the NBFC wave where risk appetite is back and retail borrowing is surging. Analysts are looking at Q1 numbers with renewed interest. Even without headline news, the stock is up 2.1% in the last five sessions.
Jindal Saw, meanwhile, is seeing volume-based action ahead of a probable order book update. Traders expect a big infrastructure-linked contract announcement soon, potentially from the Middle East.
One-liner alert: These two might not grab front pages, but the smart money is sniffing around already.
IRB Infra Gets Traction as Highway Talks Resume
Lastly, IRB Infrastructure is back in play as Delhi ramps up budget talks around highway expansions.
While no new contracts have been announced just yet, the market seems to be reacting to chatter that the Centre could push forward delayed public-private partnership (PPP) projects under the Bharatmala Phase-II framework.
There’s also renewed speculation around toll rate revisions which could improve the yield on existing assets. IRB gained about 1.2% in the last session.
