Stocks were steady in Asia on Monday and US equity futures pared a climb as tightening monetary policy kept sentiment in check.
Bourses in Japan and Australia fluctuated while South Korea;s shed more than 1%. Both S&P 500 and Nadsaq 100 contracts were in the green but off early session highs.
As of 7:15 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--was 0.38% lower at 15,270.5 points
The dollar was mixed against key peers. Crude oil steadied from a near-7% plunge on Friday. Bitcoin held above $20,000 after climbing 16% on Sunday to retake that closely-watched price level following a Saturday swoon.
Stocks To Watch
Adani Wilmar: The Fortune maker has reduced prices of its edible oils by at least Rs 10/litre after the government reduced import duty on the commodity.
Yes Bank: The private lender is in stake-sale talks with foreign funds, including the Carlyle Group. An option to infuse funds via convertible debt is also on the table.
ICICI Bank, Axis Bank: Moody's has upgraded the baseline credit assessments of the private lenders to reflect improvement in their credit fundamentals, particularly asset quality.
Delhivery: The logistics firm has launched "guaranteed same-day delivery" in 15 cities to help D2C brands reach their customers on the some day.
Cipla: The drugmaker has acquired 21.05% stake in Achira Labs Pvt. Ltd. on a fully diluted basis. The agreement was signed to develop affordable, innovative medical kits in India.
Indiabulls Housing Finance: The mortgage lender has increased it's lending rates by 50 basis points. The new rates will apply for existing borrowers from July 1, 2022.
Omaxe: The company has incorporated a wholly-owned subsidiary called Blackbull Retails on June 16. The acquired company is involved in construction and real estate activities.
Suryalakshmi Cotton Mills: The company completed the installation of a solar power plant at the company's Amanagallu spinning unit. The operations of the plant commenced from June 17, 2022.
Future Consumer: Frederic de Mevius has resigned as non-executive, non-independent director on the company's board, with effect from June 16, 2022.
Pledged Share Details
Sun Pharmaceutical Industries: Promoter Group Shanghvi Finance revoked a pledge of 15,000 shares on June 14.
Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 6.5 lakh shares on June 16.
Insider Trades
Uflex: Promoter Group Flex International bought 22,210 shares between June 15 and June 16.
Seshasayee Paper & Boards: Promoter Group Times Square Investments bought 10,000 shares on June 16.
VIP Industries: Promoter DGP Enterprises bought 1.97 lakh shares between June 15 and June 16.
KEC International: Promoter Group Instant Holdings and Summit Securities bought 34,000 shares and 25,000 shares each between June 15 and June 16.
Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 1 lakh shares on June 16.
Page Industries: Promoter & Director Sunder Genomal sold 20,716 shares between June 14 and June 17. Promoter & Director Ramesh Genomal sold 20,632 shares between June 14 and June 17. Promoter & Director Nari Genomal sold 20,591 shares between June 14 and June 17.
Bulk Deals
Delta Corp: Rakesh Radheyshyam Jhunjhunwala sold 57.5 lakh (2.15%) shares at 167.17 apiece.
Fiem Industries: Sageone Ivestment Managers bought 2.8 lakh (2.12%) shares at 1020 apiece. Sageone Flagship Growth 2 Fund bought 1 lakh (0.76%) shares at 1019.64 apiece. Elevation Capital V FII Holdings sold 4.83 lakh (3.67%) shares at 1020.01 apiece.
Indiabulls Real Estate: Integrated Core Strategies (Asia) sold 29.75 lakh (0.54%) shares at 63.51 apiece.
Block Deals
Poonawalla Fincorp: Celica Ventures bought 26.23 lakh (0.34%) shares at 229 apiece. Microfirm Capital bought 26.25 lakh (0.34%) shares at 229 apiece. Mayank Poddar sold 26.23 lakh (0.34%) shares at 229 apiece. Sanjay Chamria sold 26.25e lakh (0.34%) shares at 229 apiece.
Who's Meeting Whom
Birla Corporation: To meet ICICI Prudential Mutual Fund on June 18.
Radico Khaitan: To meet Kotak Mahindra Mutual Fund on June 20.
Trading Tweaks
Record Date AGM: Meghmani Organics
Record Date Dividend: Meghmani Organics
Ex-Date AGM: PCBL, Britannia, Bank of Maharashtra, Agro Tech Foods
Ex-Date Dividend: Britannia, Bank of Maharashtra, Agro Tech Foods
Ex-Date EGM: Shankar Lal Rampal Dye-Chem
Moved Out Of Short-Term ASM Framework: Ansal Housing
Money Market Update
The rupee ended at 78.07 against the US Dollar on Friday and remained unchanged compared to Thursday's closing of Rs 78.07.
F&O Cues
Nifty June futures ended at 15,348.80 a premium of 55.3 points.
Nifty June futures shed 3.03% and 6,677 shares in Open Interest.
Nifty Bank June futures ended at 32,885.95, a premium of 142.90 points.
Nifty Bank June futures shed 9.77% and 11,276 in Open Interest.
Securities in ban list: Delta Corp, RBL Bank, Indiabulls Housing Finance
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