Today: 9 June 2026
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NSE:COFORGE 9 December 2025 - 14 May 2026

India Stock Market Today: Sensex Jumps 1,000 Points, But Rupee’s Record Low Tests the Rally

India Stock Market Today: Sensex Jumps 1,000 Points, But Rupee’s Record Low Tests the Rally

Sensex jumped over 1,000 points intraday and Nifty 50 crossed 23,750 as Indian shares rebounded after a four-session slide. The rupee hit a record low of 95.9575 per dollar amid high oil prices and continued foreign outflows. IT stocks fell, while pharma, banks, and heavyweights led gains. Brent crude traded above $106 a barrel.
PNB fraud alert, Coforge’s $2.35 billion Encora deal and MCX split: India stocks to watch Monday

PNB fraud alert, Coforge’s $2.35 billion Encora deal and MCX split: India stocks to watch Monday

Punjab National Bank reported a 24.34 billion rupee loan fraud involving former promoters of two SREI Group firms. Coforge announced a $2.35 billion deal to acquire AI firm Encora, with combined annual revenue projected at $2.5 billion. A-1 Ltd will trade ex-bonus Dec. 31, issuing three bonus shares per share held, and shifted its stock split record date to Jan. 8, 2026.
29 December 2025
Coforge’s $2.35 billion Encora deal tops India’s stocks-to-watch list for Dec. 29

Coforge’s $2.35 billion Encora deal tops India’s stocks-to-watch list for Dec. 29

Coforge agreed to acquire U.S.-based Encora for $2.35 billion and will raise up to $550 million via a share sale to fund the deal. Punjab National Bank reported a 24.34 billion-rupee fraud to regulators. Timex Group India’s promoter plans to sell up to 8.93% on Dec. 29–30. GIFT Nifty futures rose 40 points to 26,100 ahead of Monday’s open.
Biggest Stock Losers Today in India (9 December 2025): Asian Paints, LT Foods, ITC Hotels, Coforge Drag Nifty & Sensex

Biggest Stock Losers Today in India (9 December 2025): Asian Paints, LT Foods, ITC Hotels, Coforge Drag Nifty & Sensex

Indian stocks fell sharply by late morning Tuesday, with the Sensex down 468 points near 84,634 and Nifty 50 lower by 0.55% around 25,819. Mid- and small-cap indices dropped about 1.5% each. Asian Paints slid nearly 4%, leading large-cap declines, while Infosys, M&M, Wipro, and Tata Steel also fell. Over 380 NSE stocks hit 52-week lows as market breadth remained weak.

Stock Market Today

  • MP Materials Shares Fall 15% in a Month Amid Valuation Debate
    June 9, 2026, 7:45 AM EDT. MP Materials (MP) stock dropped about 3% in the latest session and nearly 15% over the past month, despite strong long-term returns of over 100% in one year and 165% in three years. The stock closed at $57.58, above the leading narrative fair value estimate of $50.85, suggesting a 13.2% overvaluation based on projected growth by 2030 and a transition in its revenue mix away from Chinese concentrate sales. However, Simply Wall St's discounted cash flow model values MP shares at $143.27, indicating significant undervaluation. Future outlook hinges on ramping up magnet manufacturing capacity and sustained government support, with risks from potential project delays and policy shifts. Investors must weigh valuation perspectives against risk tolerance.

Latest articles

Core AI Stock Jumps 474% Premarket, Market Watches Filing

Core AI Stock Jumps 474% Premarket, Market Watches Filing

9 June 2026
Core AI Holdings shares soared 474% to $4.71 in premarket trading on heavy volume despite no new company news, as speculative AI stocks rallied with Nasdaq futures; however, the company faces a going-concern warning, a $32 million deficit, and just $1.93 million in year-end cash, raising major funding and execution risks.
Plug Power Stock Returns to $3 as Traders Zero In on Key Level

Plug Power Stock Returns to $3 as Traders Zero In on Key Level

9 June 2026
Plug Power stock hovered near $3.19 premarket after a 22% drop since June 2, as investors focus on cash and dilution risks ahead of the June 11 shareholder meeting, a recent $39.2 million tax-credit cash raise, and a new Form 144 notice for a proposed 50,000-share sale, keeping the company’s liquidity plan under scrutiny.
Tesla’s China Deal Buys Time. Robotaxi Bets Still in Focus

Tesla’s China Deal Buys Time. Robotaxi Bets Still in Focus

9 June 2026
Tesla surged 4.63% to $408.97 after May China retail sales jumped 22.53% year-on-year to 47,281 vehicles, ending a two-month decline, giving investors a concrete reason to revisit the stock ahead of Tuesday’s open, but risks remain as year-to-date sales are still down and the robotaxi fleet is small.
Micron Shares Edge Higher Again, But AI Memory Push Still Has a Snag

Micron Shares Edge Higher Again, But AI Memory Push Still Has a Snag

9 June 2026
Micron Technology jumped 3.77% premarket to $985.04 as investors returned to AI memory stocks, with analyst target hikes and strong demand for high-bandwidth memory driving gains; upcoming June 24 earnings will test whether Micron’s shift to stable, AI-driven revenue can justify its new valuation.
Cerebras Jumps Again After Wall Street Calls Its AI Chip a Rival for Nvidia

Cerebras Jumps Again After Wall Street Calls Its AI Chip a Rival for Nvidia

9 June 2026
Cerebras Systems surged 18.32% Monday and jumped another 3.66% premarket to $246.53 after at least nine Wall Street banks launched bullish coverage, spotlighting the AI-chip maker’s rapid rise as a public-market test for AI hardware demand beyond Nvidia, with investor focus on its massive OpenAI deal and AWS partnership—but risks loom if OpenAI demand shifts or rivals defend their turf.
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