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Stock Market Today: All You Need To Know Going Into Trade On June 13

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Photo: Brooke Lark/Unsplash)</p></div>
(Photo: Brooke Lark/Unsplash)

US equity futures and Asian equities fell early Monday after US inflation print piled the pressure on the Federal Reserve to intensify monetary tightening.

Nasdaq 100 contracts lost over 1%, while those for the S&P 500 fell. Asian futures hinted at a decline. The Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- fell more than 0.8% to 16,048 points as of 6:10 am.

The dollar was firm on haven demand while oil retreated below $120 a barrel. Elsewhere, Bitcoin slipped below $27,000.

Stock Market Today: All You Need To Know Going Into Trade On June 13

Stocks To Watch

  • Coal India: The company floated two international competitive bidding e-tenders of 3 million tons each, to source coal from abroad. The bids are for 5,000 GAR (gross as received) quality of thermal grade coal. These two medium term tenders for a total of 6 million tons coal quantity have an option of increasing the bid quantity by 100% to 12 MTs.

  • Vedanta: The company iron and steel sector has ventured into International Iron ore mining operations in Liberia, West Africa through its subsidiary Western Cluster.

  • IndInfravit: Brookfield Asset Management Inc. agreed to sell its entire equity shareholding in five road projects to IndInfravit Trust at an enterprise value of $1.2 billion (Rs 9,371.4 crore). The portfolio comprises three toll roads and two annuity roads with nearly 2,400 lane-kilometres in Andhra Pradesh, Bihar, Maharashtra, and Uttar Pradesh, it said.

  • GlaxoSmithKline Pharmaceuticals: Recommended dividend of Rs 90 per share including special dividend of Rs. 60, on face value of Rs 10 each.

  • Jammu & Kashmir Bank: Appointed Pratik D Punjabi as the Chief Financial Officer.

  • Future Supply Chain Solutions: The company has been facing challenges on account of frequent disruption of business operations at a few of its warehouses due to non‐payment/ part payments to the labour and on‐roll manpower who are intermittently disrupting the business activities at various warehouse locations.

  • Aban Offshore: To sell rig driller to ADNOC Drilling Co. for Rs 218 crore.

  • Bajaj Auto: Rolls out first electric scooter from plant in Pune; Chetak Tech, vendor partners to invest Rs 750 crore in EV plant.

  • Berger Paints: Says 1 contractual employee dies in Howrah fire.

  • Hindustan Zinc: DIPAM secretary says that government plans to sell residual stake in tranches.

  • IDBI Bank: Expression of interest for IDBI sale may come by July.

  • Laurus Labs: To spend up to 10% profit on disruptive technologies.

Opinion
IndInfravit Trust Acquires Five Road Projects From Brookfield In A $1.2-Billion Deal

Pledged Shares Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 7 lakh shares between June 6 and June 8.

  • Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 6 lakh shares between June 8 and June 9.

Insider Trades

  • Supreme Petrochem: Promoter Group Venktesh Investment and Trading Company bought 1,534 shares on June 8. Promoter Group Jovial Investment & Trading Company bought 5,180 shares between June 8 and June 9.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 1.7 lakh shares between June 6 and June 9.

  • Valiant Organics: Promoter Vicky Hemchand Gala sold 73,184 shares and bought 100 shares between June 7 and June 8.

Block Deals

  • IIFL Finance Ltd.: Abakkus Growth Fund-2 bought 3.1 lakh (0.08%) shares at Rs.325 apiece. Avendus Absolute Return Fund bought 3.11 lakh (0.08%) shares at Rs.325 apiece. Employees Provident Fund bought 5 lakh (0.13%) shares at shares at Rs.325 apiece. Nomura India Investment Fund Mother Fund bought 44.74 lakh (1.17%) shares at Rs.325 apiece. L&T Mutual Fund bought 4.87 lakh (0.12%) shares at Rs.325 apiece. Max Life Insurance Company bought 24.6 lakh (0.64%) shares at Rs.325 apiece. Nomura Funds Ireland PLC - Nomura Funds Ireland India Equity Funds bought 6.5 lakh (0.17%) shares at Rs.325 apiece. CDC Group PLC sold 91.93 lakh (2.4%) shares at Rs.325 apiece.

Opinion
U.S. Inflation Quickens To 40-Year High, Pressuring Fed And Biden

Trading Tweaks

  • Record Date Annual General Meeting/Dividend: Tata Communications

  • Record Date Dividend: CEAT

  • Ex-Date Annual General Meeting/Dividend/Special Dividend: Cera Sanitaryware

  • Ex-Date Annual General Meeting/Dividend: Rajratan Global Wire

  • Ex-Date Annual General Meeting: JSW Holdings

  • Move Out Of Short-Term ASM Framework: Timken India, PG Electroplast, RattanIndia Enterprises

Money Market Update

The rupee ended at Rs 77.84 against the U.S. Dollar on Friday as compared to Thursday's closing of 77.76

Opinion
India’s Factory Output Expands To Eight-Month High In April

F&O Cues

  • Nifty June futures ended at 16,208, a premium of 6.2 points.

  • Nifty June futures shed 2.22% and 5,183 shares in Open Interest.

  • Nifty Bank June futures ended at 34,534.15, a premium of 50.35 points.

  • Nifty Bank June futures rose 13.11% and 12,165 shares in Open Interest.

  • Securities in the ban list: Delta Corp

Stock Market Today: All You Need To Know Going Into Trade On June 13