Vedanta

Hindustan Zinc fell as much as 5.7% to an intraday low of ₹ 569.20 on the BSE. Shares of Vedanta, the parent company of Hindustan Zinc, also came under pressure and declined nearly 5% to ₹ 312.35 apiece following the report.

Shares of Vedanta and Hindustan Zinc fell 1% on June 3 after the Enforcement Directorate visited their offices amid a FEMA investigation. Vedanta confirmed its cooperation with authorities while reiterating its commitment to regulatory compliance.

Stock market today: The market is likely to snap its gaining streak as trends in the Gift Nifty index signalled a negative opening on Wednesday. Amid this backdrop, these stocks will remain in focus on 3 June.

Stock market today: The market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Monday. Amid this backdrop, these stocks will remain in focus on 1 June.

Vedanta share price rose over 1% following the announcement of its highest domestic credit rating in over a decade. ICRA upgraded the long-term ratings of Vedanta Group entities to AA+ with a Stable outlook, reaffirming the short-term rating at A1+.

On May 26, Indian stock markets resumed losses amid US-Iran tensions, with the Nifty 50 down 0.5% and the Sensex 0.6% lower. However, mid and small-cap stocks, particularly from the Adani and Tata groups, saw significant gains, indicating selective investor optimism.

On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.

Indian equities rebounded on May 14, with benchmark indices rising over 1%, driven by strong buying in pharma and metal stocks. The Nifty Pharma index surged 2.73%, while the Nifty IT index fell nearly 2%. The rupee hit a record low but later recovered.