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Stock Market Today: All You Need To Know Going Into Trade On June 28

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Stock Market Today: All You Need To Know Going Into Trade On June 28

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.

Stock Market Today: All You Need To Know Going Into Trade On June 28

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.

Opinion
Should Revenue Multiple Be The Metric To Value New-Age Companies?

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.

Opinion
SEBI 'Warning' To Aurobindo Pharma Is A Red Flag For All Drugmakers

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.

Stock Market Today: All You Need To Know Going Into Trade On June 28

Research Reports

Opinion
Plastic Straw Ban Is Here But Beverage Makers Are Not Ready Yet