Stock Market Today Live: Stock to buy today: Ajanta Pharma (₹3,073) – BUY

Stock Market Today Live: Stock to buy today: Ajanta Pharma (₹3,073) – BUY


ensex Today, Nifty 50 | Stock Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 11th June 2026

The short-term outlook is bullish for Ajanta Pharma. The stock is moving in a bull channel since November last year. The recent bounce has happened from just above the lower end of the channel. The chances are high for the stock go up towards the upper end of the channel from here. Support is in the broad ₹3,000-₹2,900 region which can limit the downside. Ajanta Pharma share price can rise to ₹3,350 in the coming weeks. Traders can buy Ajanta Pharma shares now at ₹3,073. Accumulate on dips at ₹3,010. Keep the stop-loss at ₹2,885. Trail the stop-loss up to ₹3,120 as soon as the stock goes up to ₹3,180. Revise the stop-loss higher to ₹3,230 and 3,290 when the price touches ₹3,270 and ₹3,320 respectively. Exit the long positions at ₹3,350.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

  • June 11, 2026 07:01
    Technical call buy
    timeline icon

    Today’s Stock Recommendation: June 10, 2026

  • June 11, 2026 06:59

    Iran closes Strait of Hormuz after US strikes, escalating Gulf tensions

    Iran closes Strait of Hormuz after US strikes, escalating Gulf tensions

    Iran’s IRGC declares Strait of Hormuz closed after US strikes, warning ships of attack as clashes intensify and global oil supply fears rise.

  • June 11, 2026 06:58

    US inflation climbs to 4.2% and hits 3-year high amid rising fuel costs

    US inflation jumps to 4.2% as energy costs spike and households feel the squeeze

    US inflation rises to 4.2% as gas prices surge, driven by global tensions. Fed faces pressure as households struggle with higher costs across the economy.

  • June 11, 2026 06:58

    US military launches fresh strikes on Iran as Trump warns of further escalation

    US military launches fresh strikes on Iran as Trump warns of escalation

    US military launches fresh strikes on Iran after President Trump warns of escalation, deepening West Asia tensions and disrupting Strait of Hormuz shipping rise

  • June 11, 2026 06:52
    Technical call buy
    timeline icon

    Stock to buy today: Ajanta Pharma (₹3,073) – BUY

    Stock to buy today: Ajanta Pharma (₹3,073) – BUY

    Buy Ajanta Pharma shares at ₹3,073; target price ₹3,350 with a bullish short-term outlook.

Published on June 11, 2026



Source link

US military launches fresh strikes on Iran as Trump warns of escalation

US military launches fresh strikes on Iran as Trump warns of escalation


Iranian missiles are launched, as Iran’s Revolutionary Guards said they had carried out attacks against a U.S. base in Jordan and 21 other targets in the Gulf on Wednesday in retaliation for American strikes around the Strait of Hormuz, from a location given as Tehran, Iran, released June 10, 2026, in this still image taken from a video.
| Photo Credit:
WANA VIA POOL

The US military said Wednesday night that it has begun fresh round of strikes against Iran after President Donald Trump said more were coming. The escalating attacks threatened to derail efforts to end the war, with Trump warning that Tehran would “pay the price” for stalled negotiations.

US Central Command said in a social media post that the military is striking “multiple targets in Iran” and that it’s being done “in response to Iran’s unwarranted and continued aggression”.

The strikes come a day after the US struck Iran following the crash of an Army helicopter near the Strait of Hormuz that Trump blamed on the Islamic Republic.

Trump urged Iran to sign a deal to end the war.

Earlier Wednesday, the US military said it had fired on an oil tanker attempting to transport oil from Iran in violation of its blockade on Iranian ports.

Trump’s comments underlined his whipsaw approach to the war; earlier this week he suggested a deal to end the conflict could be reached in a matter of days.

Iran has proved resilient despite weeks of heavy bombing. It is betting that its ability to effectively close the Strait of Hormuz — a crucial passageway for oil and natural gas — gives it a strong bargaining chip.

Iran’s United Nations envoy said the US should refrain from threats of force if it wants a deal.

“Iran has never negotiated under threats and pressure and will never submit to pressure or question,” Ambassador Amir Saeid Iravani told the UN Security Council on Wednesday.

Still, both countries seem to be looking for a way to end the conflict — if they can manage to sell it as a win at home.

Israel Prime Minister Benjamin Netanyahu appears intent on pursuing goals that make compromise harder: the collapse of Iran’s theocratic government, the elimination of its nuclear programme, and the destruction of the Iranian-allied Hezbollah militant group in Lebanon. On Monday, Iran and Israel targeted each other.

Trump says US is sneaking oil past Strait of Hormuz

Since the US and Israel started the war with February 28 attacks on Iran, the conflict has shaken the global economy, driven up energy prices worldwide, and made food and other basics more expensive.

The international benchmark for crude oil traded above USD 93 a barrel on Wednesday, up more than 25 per cent since the start of the war.

Trump said Wednesday the US military has since last month undertaken a “secret mission” to sneak oil shipments past Iran’s forces in the Strait of Hormuz. He said ships were slipping through at night, aided by the destruction of Iranian radar equipment.

Trump said as a result more than 100 million barrels of oil have evaded Iran’s chokehold on the strait. There was no immediate confirmation of that figure, which roughly equals five days of oil shipments through the waterway before the war began.

The military’s role was not immediately clear. Capt Tim Hawkins, a Central Command spokesman, said US forces “communicate and coordinate” with commercial ships in the area, but gave no details on military support being offered.

US, Iranian strikes shake West Asia

The US military said Wednesday an American aircraft fired “precision munitions” into the engine room of the Palau-flagged vessel M/T Settebello as it attempted to breach the naval blockade with a shipment of Iranian oil. It was the eighth merchant vessel disabled by US forces in waters off Iran.

India’s foreign ministry said three Indian sailors were missing after the Settebello was struck, while 21 others were rescued. Its statement did not mention the US military or the blockade.

Hawkins of US Central Command said American forces warned the crew before firing on the ship.

The US military said strikes earlier Wednesday targeted “air defense, ground control stations, and surveillance radar sites.” Iran said US strikes hit two water reservoirs in the southern city of Sirik, temporarily cutting off water to thousands of people. US Central Command had no immediate comment.

Tehran later claimed attacks in Kuwait, Bahrain and Jordan.

Jordan said it shot down five incoming missiles, which Iran said targeted an air base hosting American military aircraft.

Bahrain and Kuwait said they intercepted incoming fire.

Iranian Foreign Minister Abbas Araghchi condemned the American attacks as a violation of Iranian sovereignty. Foreign Ministry spokesperson Esmail Baghaei said in televised comments that, following the new attacks, Iran would review its stance on negotiations to end the war.

Efforts to mediate a deal continued. Following consultations with the US, a delegation from Qatar arrived in Tehran for talks on Wednesday, according to an official with knowledge of the visit who requested anonymity due to the sensitivity of the talks.

The exchanges of fire came a day after a US Army attack helicopter crashed near the Strait of Hormuz. The helicopter collided with an Iranian drone, according to a US official speaking on condition of anonymity to discuss an ongoing investigation. It wasn’t clear whether the collision was intentional.

A drone boat rescued the helicopter’s two crew. Trump said they were uninjured.

Big disagreements stand in way of quick peace deal

Wary of high gas prices in the run-up to congressional elections in November, Trump seems to be looking for a quick win. But he is also making demands that will be tough for Iran to swallow.

The US wants to see Iran give up its stockpile of highly enriched uranium. While Iran insists its nuclear program is peaceful, that uranium is a short technical step from weapons-grade levels.

Iran is refusing to give up the uranium and demanding relief from sanctions. It also wants the release of frozen assets even before a final agreement is in place, something Trump rejected.

It’s not clear how those differences can be bridged. In a Truth Social post Wednesday, Trump said Iran was taking “too long to negotiate a deal” and “now they will have to pay the price!!!” Iran has insisted that any deal to end the war must also end fighting between its ally Hezbollah and Israel. Israel has instead intensified its military campaign against the Lebanon-based militant group.

An airstrike on a village east of Tyre killed at least six people, Lebanon’s state-run National News Agency reported. It said two others were killed by an Israeli drone strike on a car in the southern city of Sidon.

Published on June 11, 2026



Source link

Trump congratulates Modi as he becomes India’s longest-serving prime minister

Trump congratulates Modi as he becomes India’s longest-serving prime minister


US President Donald Trump congratulated Prime Minister Narendra Modi after he became India’s longest-serving elected prime minister, surpassing the tenure of Jawaharlal Nehru with an unbroken run of 4,399 days in office.
| Photo Credit:
KEVIN LAMARQUE

US President Donald Trump on Wednesday greeted Prime Minister Narendra Modi on becoming India’s longest-serving elected prime minister.

Modi reached the milestone of becoming India’s longest-serving prime minister on Wednesday, with an unbroken tenure of 4,399 days in office, surpassing the record of the first prime minister, Jawaharlal Nehru.

“Congratulations to my friend, Prime Minister Narendra Modi, on becoming India’s longest-serving Prime Minister – And a Great One he is,” Trump said in a post on Truth Social.

“He is a strong, healthy, and wise man, and will have many years of Greatness and Success ahead of him,” he said.

Published on June 10, 2026



Source link

India explores Canada as potential crude oil supplier amid energy diversification push

India explores Canada as potential crude oil supplier amid energy diversification push


India is exploring Canada as a potential crude oil supplier, according to High Commissioner Dinesh Patnaik, who said the country’s newer refineries are capable of processing heavy crude grades.
| Photo Credit:
iStockphoto

India is ‌considering Canada as a
potential ​crude oil supplier, ⁠High Commissioner Dinesh Patnaik
said on Wednesday at the ‌Global Energy Show in Calgary, Alberta,
adding ‌that the country’s ‌newer ⁠refineries are designed ⁠to
process heavy crude, making Canadian grades a viable option.

Patnaik said ​officials from ‌the two countries are meeting
regularly to discuss opportunities for sourcing Canadian ‌energy.

He said, however, ​that global investors remain cautious
about Canada’s ⁠regulatory and project approval processes, which
could affect the ‌pace of energy cooperation.

Separately, Abu Dhabi National Oil Company said on Tuesday
it is exploring opportunities in Canada’s ‌upstream and liquefied
natural gas ​sectors through its international arm XRG.

Canada is ⁠the world’s fourth-largest crude ⁠oil producer and
fifth-largest natural gas producer.

Published on June 10, 2026



Source link

RBI may ask banks to adopt risk-based internal audit approach

RBI may ask banks to adopt risk-based internal audit approach


Mumbai: Reserve Bank of India (RBI) logo at its headquarters, in Mumbai, Maharashtra, Friday, June 5, 2026. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. (PTI Photo/Shashank Parade)(PTI06_05_2026_000103A)
| Photo Credit:
SHASHANK PARADE

and reporting systems, and the institution’s adherence to internal and regulatory requirements.

RBIA should also focus on fraud-prone areas, emerging vulnerabilities, and the effectiveness of remedial actions. Its ambit extends further to system and process audits of critical functions, scrutiny of anti-money laundering and related compliance frameworks, and assessment of risks arising from new or evolving business lines, with appropriate recommendations and follow-up to ensure timely corrective measures.

Unlike traditional compliance-oriented audits, RBIA aligns audit activities with REs’ (regulated entities’) risk management frameworks and strategic objectives.

The aim is to provide independent assurance on whether material risks are being managed effectively and in line with the entity’s risk appetite.

The RBI said the risk management and compliance functions shall be subject to regular internal audit. Further, banks shall develop and maintain a Quality Assurance and Improvement Program (QAIP) covering all aspects of the Compliance and Internal Audit Functions.

A bank shall establish risk management, compliance and internal audit functions, commensurate with its size, complexity and risk / business profile, headed by a Chief Risk Officer (CRO), Chief Compliance Officer (CCO) and Head of Internal Audit (HIA), respectively. In banks that are part of a group comprising more than one financial entity, there may be a Group Chief Risk Officer (GCRO) and a Group Chief Compliance Officer (GCCO), responsible for group-level risk oversight / compliance, and for coordination.

The bank shall have policies for each of the three control functions, viz., Risk Management, Compliance and Internal Audit, clearly articulating the objectives, roles and responsibilities of each function.

As part of the overall corporate governance framework, the Board is responsible for overseeing the control functions. The Board must set the ‘tone at the top’, ensure that these functions are adequately resourced, and maintain their independence.

Published on June 10, 2026



Source link

Indian banks raise MCLR amid tight liquidity

Indian banks raise MCLR amid tight liquidity


The adjustments come even as the Reserve Bank of India has kept the repo rate unchanged at 5.25 per cent 

Public sector lenders have begun raising their marginal cost of funds-based lending rates (MCLR), signalling a tightening in funding conditions.

Canara Bank and Bank of Baroda on Wednesday announced a 5 basis point (bps) increase in MCLR across select tenures, with the revised rates effective Friday.

Canara Bank raised MCLR for overnight to six-month tenures by 5 bps, while leaving longer-tenure rates unchanged. Its revised MCLR now ranges from 7.95 per cent to 9.05 per cent. Bank of Baroda, in contrast, increased MCLR by 5 bps across all tenures, taking its range to 7.85 per cent to 8.75 per cent.

HDFC Bank effective June 8, also hiked MCLR by up to 10 bps across select tenors, taking its overall rates range from 8.05 per cent to 8.65 per cent, reflecting similar pressures on funding costs across the banking system. The adjustments come even as the Reserve Bank of India has kept the repo rate unchanged at 5.25 per cent after cumulative cuts last year, indicating that liquidity conditions rather than policy rates are driving lending benchmarks.

Economists say the rise in MCLR reflects tighter systemic liquidity. “The current tightness in the system are seeing banks adjust their MCLR rates. This should ease by July-August once the FCNR (B) money start coming in,” said Gaura Sengupta, chief economist at IDFC First Bank.

A rise in MCLR typically leads to higher borrowing costs for loans linked to this benchmark, particularly corporate and retail loans. The recent moves suggest banks are passing on higher marginal funding costs to borrowers, even as they await an improvement in liquidity conditions in the coming months.

Published on June 10, 2026



Source link

YouTube
Instagram
WhatsApp