Shares of ICICI Bank Ltd., Hero MotoCorp Ltd., Wipro Ltd. and RVNL Ltd. will be in focus on Friday.
The Securities and Exchange Board of India issued an administrative warning to ICICI Bank regarding the outreach by bank employees to influence votes for delisting equity shares of ICICI Securities Ltd., according to a regulatory filing on Thursday.
Hero MotoCorp has acquired additional stake in Ather Energy Pvt., ahead of a likely initial public offering of the electric scooter-maker.
India’s largest two-wheeler maker has picked up an additional 2.2% stake in the Bengaluru-based electric mobility startup in a secondary transaction valued at Rs 125 crore, according to an exchange filing issued on Thursday.
Wipro has been awarded a $500-million deal by a leading US communication service provider, the company announced on Thursday. The contract value is around Rs 4,175 crore.
Stocks and bonds lost steam on the eve of the US jobs report that will help shape the outlook for the Federal Reserve’s next steps, Bloomberg said.
The S&P 500 index and Nasdaq 100 fell 0.14% and 0.19%, respectively, as on 12:18 p.m. New York time. The Dow Jones Industrial Average gained 0.05%.
Brent crude was trading 2.04% higher at $80.01 a barrel. Gold jumped 0.81% to $2,374.31 an ounce.
Indian benchmark equity indices extended their recovery for a second consecutive session, after the steep fall they witnessed on the counting day. The Nifty closed around 400 points lower than its highest ever close on Monday and the Sensex was nearly 1,400 points below its highest close.
The Nifty closed 231.40 points higher, or 1.02%, at 22,851.75, and the Sensex ended 692.27 points up, or 0.93%, at 75,074.51.
Overseas investors stayed net sellers of Indian equities on Thursday for the third consecutive session. Foreign portfolio investors offloaded stocks worth Rs 6,867.7 crore, while domestic institutional investors stayed net buyers for the second straight session and bought equities worth Rs 3,718.4 crore, according to provisional data from the National Stock Exchange.
The Indian currency weakened 10 paise to close at Rs 83.47 against the US dollar.
Stocks to Watch
ICICI Bank: SEBI has issued an administrative warning to the bank regarding the outreach by bank employees to influence votes for delisting equity shares of ICICI Securities.
Hero MotoCorp: India’s largest two-wheeler maker picked up an additional 2.2% stake in the Bengaluru-based electric mobility startup Ather Energy at Rs 125 crore.
Wipro: The company has been awarded a $500-million deal by a leading US communication service. The contract value is around Rs 4,175 crore.
Rail Vikas Nigam: The company received a letter of acceptance from NTPC for a project worth Rs 495 crore.
Hindustan Unilever: The company appointed Arun Neelakantan as Executive Director effective from July 1.
Mastek: The company introduced the icxPro platform with NVIDIA AI. icxPro is a cloud-native platform designed for building scalable AI apps.
Bajaj Finserv: The board of Bajaj Housing Finance has approved an IPO of Rs 4,000 crore.
PB Fintech: SEBI issues show cause notice to CEO Yashish Dahiya and it sent a notice over the investment of $2 million by the Dubai unit for a 26.7% stake in YKNP Marketing Management The company is seeking legal advice on SEBI notice.
Tata Steel: NCLT approved the Scheme of Amalgamation of Bhubaneshwar Power with the company.
Alkem Laboratories: The company will make an investment of Rs 30 crore in Compulsorily Convertible Preference Shares of HaystackAnalytics.
Rites: The company has received an order from Tata Steel for Loco Hiring along with operation and maintenance.
Tata Chemicals: UK Court orders unit Tata Chemicals Europe to pay GBP 1.1 million fine. The order relates to a safety incident that occurred in 2016.
Dixon Technologies: The company signed a term sheet with HKC Corp for a prospective Joint Venture.
Muthoot Microfin: The company entered into a co-lending agreement with SBI to empower women entrepreneurs.
Welspun Enterprises: IOCL shall pay Rs 23.7 crore to the company towards the full and final settlement of claims relating to the Panipat Naphtha Cracker Project. The company filed suit before Delhi HC against IOCL in 2018.
Bulk Deals
Arman Financial Services: Elevation Capital V sold 1.29 lakh shares (1.48%) at Rs 2,290.62 apiece.
B.L. Kashyap and Sons: Embassy Property Developments Private Limited sold 18.25 lakh shares (0.8%) at Rs 78.34 apiece.
NCC: Smallcap World Fund sold 31.69 lakh shares (0.5%) at Rs 308.13 apiece.
PB Fintech: Tencent Cloud Europe B.V. sold 33 lakh shares (0.73%) at Rs 1259.71 apiece.
Polyplex Corporation: Wisdomtree Trust A/c Wisdom Tree India Investment Portfolio sold 1.81 lakh shares (0.57%) at Rs 777.02 apiece.
Insider Trades
Raymond: Promoter Shephali Ruia bought 13,187 shares between May 31 to June 3.
Pennar Industries: Promoter Aditya Narsing Rao bought 15,750 shares on June 4.
Marksans Pharma: Promoter Sandra Saldanha bought 63,276 shares on June 5.
Prime Focus: Promoter Naresh Mahendranath Malhotra revoked a pledge for 2.11 crore shares on June 4.
Gensol Engineering: Promoter Anmol Singh Jaggi bought 53,945 shares on June 4.
Krishna Diagonistics: Promoter Krsna Diagnostics (Mumbai) bought 45,000 shares on June 4.
Pledge Share Details
Lloyds Metals and Energy: Promoter Thriveni Earthmovers created a pledge for 29.28 lakh shares on June.
India Cements: Promoter EWS Finance and Investments revoked a pledge for 33,000 shares on June 4.
Omaxe: Promoter Guild Builders Private revoked a pledge for 2.98 shares between May 31 to June 4.
Trading Tweaks
Price Band revised from 10% to 20%: BEML Land Assets, Crest Ventures, Dynamic Cables, G R Infraprojects, Garden Reach Shipbuilders and Engineers, Hindustan Construction company, HPL Electric and Power, IFCI, Inox Wind, India Pesticides, India Tourism Development, JAI Corp, Kalyan Forge, Kamdhenu Ventures, Kesoram Industries, Kirloskar Pneumatic, Mankind Pharma, MMTC, MTNL, NBCC, Prakash Pipes, Premier Explosives, Shipping Corp, Tejas Networks, Dredging Corporation of India.
Price Band revised from 10% to 5%: Techno Electric.
Price Band revised from 5% to 10%: Century Extrusions, Dredging Corporation of India, Dhunseri Ventures, Ganesh Housing Corporation, Indowind Energy.
Ex/record Dividend: Indiamart Intermesh, Home First Finance, Himadri Speciality Chemical, ICICI Lombard General Insurance, The Indian Hotels, JM Financials, SMC Global Securities, UNO Minda.
Ex/record AGM: Himadri Speciality Chemical, SMC Global Securities, Indian Bank.
Moved in short-term Framework: Emami, Heritage Foods, Johnson Controls - Hitachi Air Conditioning India, PTC Industries.
Who’s Meeting Whom
Welspun Enterprises: To meet analyst and Investors on June 12.
Vedant Fashions: To meet analyst and Investors on June 12,13.
Hero MotoCorp: To meet analyst and Investors on June 12.
Tata Steel: To meet analyst and Investors on June 12.
F&O Cues
Nifty June futures up by 1.28% to 22,899.5 at a premium of 78.1 points.
Nifty June futures open interest up by 4.15%.
Nifty Bank June futures up by 0.64% to 49,435.75 at a premium of 143.85 points.
Nifty Bank June futures open interest down by 7.5%.
Nifty Options June 13 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 20,200.
Bank Nifty Options June 12 Expiry: Maximum Call Open Interest at 55,000 and Maximum Put open interest at 45,000.
Securities in ban period: Zee Entertainment Enterprises.
Research Reports
Jyothy Labs - Sarva Gunn Sampann; HDFC Securities Initiates Coverage With A Buy
India Lok Sabha Election Results - Political Stability Is Key; Time For Re-Balancing: Nirmal Bang
MM Forgings - Attractive Valuation; Retaining A Buy: Anand Rathi
Consumer Sector Check - Recap, Review, Restore: Motilal Oswal
Polycab India - High Infrastructural Spends To Drive Growth: Nirmal Bang
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