Oil prices fell to a three-month low Tuesday on optimism over the expected reopening of the Strait of Hormuz after a peace deal between the United States and Iran. "Traders are pricing in the reopening of the Strait of Hormuz as the most immediate and positive result of any peace deal," said David Morrison, senior market analyst at broker Trade Nation.
Shriram Properties Ltd is developing a new housing project in Bengaluru. The company has signed an agreement for a 9.1-acre land parcel. This project is expected to generate over Rs 600 crore in revenue. The development will span 6.7 lakh sq ft. Shriram Properties plans to launch the project this financial year.
The Indian rupee strengthened for a third consecutive session, gaining 15 paise to close at 94.56 per US dollar in a range-bound trade. The currency was supported by easing geopolitical tensions, lower crude oil prices and improved risk sentiment ahead of the US Federal Reserve’s upcoming policy decision.
Infrastructure Investment Trusts distributed nearly Rs 22,800 crore to unitholders last fiscal. Assets Under Management grew to Rs 7.1 lakh crore. The unitholder base saw a 64 percent increase. This indicates growing investor confidence in InvITs as a stable income source. InvITs also raised significant funds through equity, further strengthening the sector.
Liotech Industries is launching its Rs 36 crore initial public offering on June 17. The bidding will be open until June 19. Shares are expected to list on the BSE SME on June 24. The company plans to use the funds for machinery, debt repayment, and working capital. This will help Liotech Industries expand its manufacturing and geographical reach.
India’s InvIT sector recorded strong growth in FY26, with Rs 7,719 crore distributed in Q4 alone and cumulative payouts crossing Rs 91,000 crore. Assets under management rose to Rs 7.1 lakh crore, while market cap and investor participation expanded, reflecting rising confidence in infrastructure-linked investment vehicles.
The Indian rupee strengthened for the third day in a row. This rise was supported by positive sentiment and anticipation of a U.S.-Iran peace agreement. Lower oil prices also boosted the rupee. Traders are now awaiting details of the peace deal and guidance from the U.S. Federal Reserve. The rupee is expected to continue its appreciation in the near term.
Arvind SmartSpaces Ltd is embarking on a new chapter in Ahmedabad by partnering with a landowner for an ambitious residential development on Kerala-Nalsarovar Road. This strategic collaboration is expected to unlock a revenue potential of Rs 180 crore, further enhancing the company’s diverse portfolio of real estate projects across the country.
Sandisk surged as investors embraced AI infrastructure growth, benefiting from rising demand for advanced storage solutions. Additional momentum came from SpaceX’s IPO, Western Digital’s stake reduction, and optimism around AI-driven data expansion.
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