The Indian stock market is witnessing heightened investor interest today as major companies announce key developments. Leading the pack is Nestlé India, which has announced a board meeting scheduled for June 26 to consider issuing bonus shares for the first time in its corporate history. This comes as the Sensex prepares for a rebalancing on June 23, during which Nestlé and IndusInd Bank will be evaluated for changes in index composition.

Another major development comes from HDFC Bank’s non-banking finance subsidiary, HDB Financial Services. The company is set to launch its much-awaited ₹12,500 crore initial public offering (IPO) from June 25 to 27. The IPO will comprise a fresh issue of ₹2,500 crore and an offer-for-sale (OFS) of ₹10,000 crore. The price band has been fixed between ₹700 and ₹740 per share, and the lot size is set at 20 shares per application.

In the technology sector, HCL Technologies has secured a significant contract with U.S.-based energy firm Just Energy. The deal involves deploying HCL’s GenAI-based "AI Force" platform to revamp enterprise systems, highlighting HCL’s growing role in digital transformation through artificial intelligence.

Meanwhile, the Container Corporation of India (CONCOR) has declared July 4 as the record date for its 1:4 bonus share issue. This means that eligible shareholders will receive one bonus share for every four shares held. The move reflects the growing importance of public sector enterprises in the logistics and infrastructure space.

Other market highlights include the listing of Oswal Pumps, which debuted today at ₹614 per share, and a major block deal involving Sai Life Sciences. Private equity firm TPG Asia VII SF is set to sell approximately 6% of its stake in the pharmaceutical company, valued at nearly ₹850 crore.

Broader markets opened cautiously today. On the previous trading day, the Sensex closed 82.8 points lower at 81,361.9, while the Nifty ended at 24,793.3. Although global uncertainty, particularly around U.S. interest rates, continues to affect investor sentiment, domestic corporate actions such as IPOs, bonus issues, and strategic contracts are expected to provide momentum in specific sectors.

With such dynamic developments across key segments of the market, analysts recommend that investors stay informed and act strategically as corporate activity continues to shape short-term trends.