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Stock Market Today: All You Need To Know Going Into Trade On June 21

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

<div class="paragraphs"><p>(Photo: Tina Dawson/Unsplash)</p></div>
(Photo: Tina Dawson/Unsplash)

Stocks rose in Asia on Tuesday with US equity futures pointing higher.

Japan, Australia and Hong Kong equities gained, hinting at improvement in sentiment. US markets were shut for holiday on Monday.

As of 7:10 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--was 0.13% higher at 15,382.50 points.

Nymex crude hovered around $110 per barrel. Elsewhere, bitcoin held above $20,000 after a turbulent period of cryptocurrencies.

Stock Market Today: All You Need To Know Going Into Trade On June 21

Stocks To Watch

  • ONGC: The term of CMD Alka Mittal has been extended by two months with effect from July 1 till August 31.

  • Bharat Forge: The company will transfer its stake in joint venture Refu Drive GmbH to subsidiary Kalyani Powertrain to consolidate its electric vehicle business.

  • Reliance Industries: SEBI has imposed a total penatly of Rs 30 lakh on RIL and two persons for not making a prompt clarification to the stock exchanges in a matter relating to the Jio-Facebook deal.

  • KEC International: The company has won new orders worth Rs 1,092 crore across its various businesses.

  • National Fertilizers: The company has appointed Hira Nand as its director (finance) with effect from June 17.

  • Engineers India: The company has appointed Sanjay Jindal as the chief financial officer in place of CMD Vartika Shukla with immediate effect for a period of five years.

  • Eureka Forbes: MD & CEO Marzin R. Shroff has resigned.

  • Escorts Kubota: Ajay Mandhar, chief executive officer of Escorts Kubota's agri-machinery business, has resigned. President Shenu Agarwal will take additional charge until a replacement is found.

  • Suven Lifesciences: The firm will consider a rights issue on June 24.

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Pledged Shares Details

  • Sun Pharma Advanced Research: Promoter Group Raksha Valia created a pledge of 8.7 lakh shares on June 15.

Insider Trades

  • Mukand: Promoter Group Bachhraj Factories bought 6,527 shares between June 15 and June 16.

  • Renaissance Global: Promoter Niranjan Shah sold 15,480 shares on June 17.

  • JSW Energy: Promoter Group South-West Mining bought 1 lakh shares on June 16.

  • Man Infraconstruction: Promoter & Director Parag K. Shah bought 10,629 shares on June 17.

  • Lux Industries: Promoter Group Hollyfield Traders bought 15,530 shares on June 17.

  • Star Cement: Promoter & Director Prem Kumar Bhajanka bought 80,437 shares on June 17.

  • Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 1 lakh shares on June 17.

  • V.I.P Industries: Promoter DGP Enterprises bought 2.42 lakh shares between June 17 and June 20.

  • Jagran Prakashan: Promoter Group Tarun Gupta bought 3,047 shares, Promoter & Director Dhirendra Mohan Gupta bought 2,000 shares and Promoter Group Devesh Gupta bought 6,000 shares on June 17.

  • IIFL Wealth Management: Promoter & Director Yatin Shah bought 75,000 shares on June 20.

Bulk Deals

  • Happiest Minds Technologies: Plutus Wealth Management bought 19.4 lakh (1.32%) shares at Rs 800.02 apiece and Morgan Stanley Investment Fund Leaders sold 13.14 lakh (0.89%) at Rs 800 apiece.

  • Apar Industries: UBS IQ MSCI Asia Apex 50 Ethical ETF bought 2.12 lakh (0.55%) shares at 997.04 apiece.

Who’s Meeting Whom

  • Redington: To hold annual general meeting on July 27.

  • Bank of India: To hold annual general meeting on July 15.

  • Orient Bell: To hold annual general meeting on July 21.

  • Adani Enterprises: To meet investors on June 21.

Trading Tweaks

  • Price Band Revised From 20% To 10%: Hikal

  • Ex-Date AGM: Eveready Industries India, Dodla Dairy, Polycab India, Bombay Dyeing, Orient Green Power, Bhansali Engineering Polymers, Balaji Amines, Supreme Industries, NELCO, Cosmo Films

  • Ex-Date Dividend: Polycab India, Shriram Pistons & Rings, Bhansali Engineering Polymers, Balaji Amines, Supreme Industries, NELCO

  • Ex-Date Extraordinary General Meeting: Polycab India

  • Ex-Date Final Dividend: Supreme Industries

Money Market Update

The rupee ended at Rs 77.98 against the US Dollar on Monday as compared to Friday's closing of 78.07.

F&O Cues

  • Nifty June futures ended at 15,366, a premium of 15.85 points.

  • Nifty June futures shed 4.69% and 10,020 shares in Open Interest.

  • Nifty Bank June futures ended at 32,730.45, a premium of 45.65 points.

  • Nifty Bank June futures shed 0.30% and 311 in Open Interest.

  • Securities in ban list: RBL Bank, Indiabulls Housing Finance.

  • Securities out of the ban list: Delta Corp.

Stock Market Today: All You Need To Know Going Into Trade On June 21

Research Reports