Stocks in Asia are off to a soft start on Tuesday amid a rise in crude oil prices and US Treasury yields.
Equities rose in Japan, South Korea and Australia after US futures were volatile following losses for S&P 500 and Nasdaq 100. As of 7:40 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--fell 0.35% to 15,778.
The dollar was little changed while crude rose toward $110 a barrel. This rise in crude prices comes even as Libya and Ecuador flagged potential output cuts on political unrest.
Stocks To Watch
Aurobindo Pharma: SEBI has warned the drugmaker for not meeting its disclosure requirements by not providing full details related to observations by the the US Food and Drug Administration.
Cipla: The company will invest Rs 25.9 crore in associate firm GoApptiv increasing its stake to 22.02%. The investment will enable wider reach of the Cipla’s key brands in Tier-3+ towns through GoApptiv’s solutions.
Star Health/IDFC First: The companies have entered into a strategic partnership where Star Health will offer its health insurance products to the bank’s customers using bank’s digital platform and distribution network.
Bank of Baroda: The state-run lender has announced plans to raise long term bonds worth Rs 5,000 crore in FY23.
Mahindra & Mahindra: The company has unveiled new car model name Scorpio-N; prices Scorpio-N SUV starting at Rs 11.9 lakh.
Manappuram Finance: The company will consider $100 million bond issuance on Thursday.
Hindustan Aeronautics: The company's board will consider the recommendation of final dividend.
Route Mobile: The company will consider proposal of shares buyback today.
Annual General Meetings Today
Tata Steel
Britannia
Ceat
Sundaram Clayton
Tata Teleservices Maharashtra
Bank of Maharashtra
Rane Engine Value
Rane Brake Lining
Bharat Seats
Devyani International
Elecon Engineering
Hathway Cable & Datacom
Pledge Share Details
Ajanta Pharma: Promoter Aayush M Agrawal and trustee Aayush Agrawal Trust created a pledge of 3.1 lakh shares on June 24.
Insider Trades
Dr Lal Path Labs: Promoter & Director Archana Lal Erdmann sold 68,331 shares between June 23 and June 24.
Jindal Stainless: Promoter Group JSL Ltd. bought 2.8 lakh shares on June 22.
Kovai Medical Center And Hospital: Promoter & Director Thavamani Devi Palaniswami bought 2,603 shares between June 23 and June 24.
Manappuram Finance: Promoter & Director Nandakumar V P bought 1.14 lakh shares on June 24.
Jagran Prakashan: Promoter Group Tarun Gupta bought 2,000 shares on June 24.
Orient Cement: Promoters Central India Industries bought 12,039 shares between June 23 and June 24 and Shekhavati Investments And Traders bought 16,000 shares on June 23.
Lux Industries: Promoter Group Hollyfield Traders bought 6,000 shares on June 21.
Psp Projects: Promoter Group SPP Family Trust bought 16,399 shares between June 23 and June 24.
Prataap Snacks: Promoter Mrs. Swati Bapna sold 78,137 shares between June 22 and June 24, Promoter & Director Mr. Amit Kumat bought 22,546 shares between June 22 and June 24 and Mr. Apoorva Kumat bought 37,434 shares between June 22 and June 23.
MAS Financial Services: Promoter Kamlesh Chimanlal Gandhi bought 4,845 between June 23 and June 24.
Bulk Deals
Dhani Services: Societe Generale sold 46.87 (0.77%) lakh shares at 29.55 apiece.
Block Deals
Poonawalla Fincorp: Celica Ventures bought 25.04 lakh (0.32%) shares at 240 apiece. Microfirm Capital bought 18.75 lakh (0.24%) shares at 240 apiece. Mayank Poddar sold 25.04 lakh (0.32%) shares at 240 apiece. Sanjay Chamria sold 18.75 lakh (0.24%) shares at 240 apiece.
Trading Tweaks
Ex-Date Annual General Meeting/Dividend: Whirlpool Of India
Ex-Date Annual General Meeting/Dividend: SKF India
Move Out Of Short-Term ASM Framework: ELGI Equipments
Money Market Update
The rupee ended at Rs 78.346 against the U.S. Dollar on Monday as compared to Friday's closing of 78.342
F&O Cues
Nifty June futures ended at 15,838.05, a premium of 6 points.
Nifty June futures shed 14.14% and 27,960 shares in Open Interest.
Nifty Bank June futures ended at 33,850.05, a premium of 38.8 points.
Nifty Bank June futures shed 25.32% (20,267 shares) in Open Interest.
Securities in ban list: Sun TV, Delta Corp.
Securities removed from ban list: RBL Bank, Indiabulls Housing Finance.
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