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Stock Market Today: All You Need To Know Going Into Trade On June 29

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

<div class="paragraphs"><p>[Image: The Grand Cheese Master/Unspalsh]</p></div>
[Image: The Grand Cheese Master/Unspalsh]

Stocks fell in Asia Wednesday on heightened worries about a gloomy economic outlook, amid monetary policy tightening and rise in crude oil prices.

Equities fell in Japan, Australia and South Korea. US contracts were volatile after the S&P 500 tumbled and the tech-heavy Nasdaq 100 lost over 3%.

As of 7:30 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--fell 1% to 15,695.50.

Oil held gains, hovering around $112 a barrel. In cryptocurrencies, Bitcoin settled near $20,000 amid generally poor sentiment.

Stock Market Today: All You Need To Know Going Into Trade On June 29

Stocks To Watch

  • Reliance Industries: Reliance Jio Infocomm names Mukesh Ambani's son Akash Ambani as Chairman.

  • SBI/ICICI Bank: The banks will invest Rs 4.03 crore each to pick up 9.54% stake in Perfios, an account aggregator.

  • HDFC Bank: The bank will invest Rs 4.02 crore for 9.54% stake in Perfios.

  • Route Mobile: The company approved buyback of shares for an aggregate amount of Rs 120 crore. It will buyback 705,882 shares, representing 1.12% of the total paid up share capital at maximum buyback price of Rs 1,700 per share.

  • Jammu and Kashmir Bank: The bank will raise Rs 500 crore by equity and Rs 1500 crore via bonds in FY23.

  • ONGC: The company said four die and five rescued in helicopter accident.

  • Glenmark Pharma: The company's U.S. arm acquired four OTC ANDAs from Wockhardt.

  • Godawari Power & Ispat: The company has acquired 78.96% stake in Alok Ferro Alloys for Rs 126.98 crore.

Pledged Shares Details

  • Chambal Fertilisers & Chemicals: Promoter Group Simon India created a pledge of 1.77 lakh shares on June 23 and Promoter Zuari Industries created a pledge of 15.35 lakh shares between June 22 and June 23.

  • Thyrocare Technologies: Promoter Docon Technologies revoked a pledge of 3.76 crore shares and created a pledge of 3.76 crore shares on June 23.

Opinion
Mukesh Ambani Resigns From Jio, Son Akash Is New Chairman

Insider Trades

  • Manappuram Finance: Promoter & Director Nandakumar V P bought 56,000 shares on June 27.

  • Gati: Promoter Groups Bunny Investments and Finance Pvt. Ltd. sold 12,500 shares between June 23 and June 27.

  • Page Industries: Promoter & Directors Sunder Genomal sold 6,429 shares, Ramesh Genomal sold 6,487 shares and Nari Genomal sold 6,422 shares between June 23 and June 27.

  • Psp Projects: Promoter Group SPP Family Trust bought 9,000 shares on June 27.

  • Star Cement: Promoter & Director Prem Kumar Bhajanka bought 4,149 shares on June 24.

  • Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 3 lakh shares between June 24 June 27.

  • Vijaya Diagnostic Centre: Promoter Sura Surendranath Reddy bought 31,000 shares on June 27.

Bulk Deals

  • JTEKT India: JTEKT Corporation sold 13 lakh (0.53%) shares at Rs 77.6 apiece.

Who’s Meeting Whom

  • Heidelberg Cement: To meet Franklin Templeton Mutual Fund on June 29.

Annual General Meeting today:

  • Asian Paints

  • HDFC Asset Management Company

  • Mindspace Business Parks REIT

  • Polycab India

  • Sundaram Fastners

  • Balaji Amines

  • Prism Johnson

  • Eveready Industries

  • Bombay Dyeing & Manufacturing

  • Agro Tech Foods

Opinion
GST Council Meet Highlights: Nod For Gold E-Way Bills, Interim Report On Rate Rationalisation On Day 1

Trading Tweaks

  • Price Band Revised from 20% To 10%: Spandana Sphoorty Financial

  • Ex-Date Dividend: Sona Blw Precision Forgings

  • Ex-Date Annual General Meeting/Dividend: Tata Steel Long Products, Sundaram Finance Holdings, Vaibhav Global

  • Record Date Annual General Meeting/Dividend: SKF India

Money Market Update

The rupee ended at Rs 78.78 against the U.S. Dollar on Tuesday as compared to Monday's closing of 78.34

F&O Cues

  • Nifty June futures ended at 15,859, a premium of 8.8 points.

  • Nifty June futures shed 8.16% and 13,854 shares in Open Interest.

  • Nifty Bank June futures ended at 33,698.95, a premium of 56.5 points.

  • Nifty Bank June futures shed 19.67% and 11,757 shares in Open Interest.

  • Securities in ban list: Sun TV, Delta Corp.

Stock Market Today: All You Need To Know Going Into Trade On June 29

Research Reports

Opinion
Ant-Backed Zomato Loses $1.1 Billion Of Market Value In Two Days