Stock Market Today: All You Need To Know Going Into Trade On June 20
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
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.
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.
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.
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.
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.
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