Stock Market Today: All You Need To Know Going Into Trade On June 19

Australian dollar and U.S. equity futures rose in early Asian trading on Monday amid signs of improving ties between the U.S. and China, while contracts for benchmarks in Asia showed muted moves.

Futures contracts for Australian and Hong Kong equities were slightly lower, mirroring the decline in U.S. stocks on Friday, while Japanese contracts made a small advance.

The small advance on Monday follows positive signs that Sino-U.S. relations will thaw, and also ongoing optimism that China will unleash fresh stimulus to boost its flagging recovery.

U.S. stock and bond markets will be closed for the Juneteenth holiday Monday. The S&P 500 declined 0.4% on Friday to end a six-session streak of advances as investors look for more insight on Federal Reserve interest rate decisions.

Meanwhile, Brent crude was trading around $76 a barrel and West Texas Intermediate was around $71. The yield on the 10-year U.S. bond was trading at 3.76%, whereas Bitcoin was below 27,000-level.

At 5:40 a.m., the Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India was up 0.01% at 18900.5.

India's benchmark stock indices ended at a record closing high after advancing for the fourth week in a row on Friday. While banks and non-banking financial companies led the rally, the IT and real estate sectors were under pressure. The Indian rupee strengthened by 24 paise to close at Rs 81.94 against the U.S. dollar on Friday.

Overseas investors in Indian equities were net buyers for the fourth day in a row on Friday; however, the worth of the equities they bought was the lowest in a week since June 8. Foreign portfolio investors mopped up stocks worth Rs 794.78 crore, while domestic institutional investors too snapped out of a three-day selling streak to turn net buyers and bought equities worth Rs 681.33 crore, the NSE data showed.

• Adani Enterprises: Company’s unit, Adani Digital Labs, has signed a share purchase agreement to acquire a 100% stake in Stark Enterprises. Stark Enterprises, also known as Trainman, is an online train booking and information platform.

• Axis Bank: Axis Bank appointed former RBI Deputy Governor N.S. Vishwanathan as Non-Executive Part-Time Chairman with effect from Oct. 27, 2023.

• Castrol India: Castrol and Mahindra Insurance Brokers have signed an agreement to distribute insurance policies. The deal will allow Castrol Auto Service workshops to distribute eligible insurance policies, and these workshops will be able to register as cashless claim sites with insurance companies.

• Trident: The company’s unit, Trident Home Textiles, incorporated a wholly-owned subsidiary, Trident Global B.V., in the Netherlands. Trident Global will carry out the wholesale business of textiles, paper, non-food consumer goods, and clothing accessories.

• Axiscades Technologies: The company agreed to acquire a 100% stake in Add Solution GmbH for 5.5 million euros (Rs 49.27 crore).

• Coforge: To meet investors and analysts on June 19 and 20.

• Suryoday Small Finance Bank: To meet investors and analysts on June 19 and June 22.

• Suzlon Energy: To meet investors and analysts on June 19.

• Can Fin Homes: To meet investors and analysts on June 22.

• Persistent Systems: To meet investors and analysts on June 19 and June 21.

• Indo Count Industries: To meet investors and analysts on June 19.

• Apcotex Industries 

• Bhansali Engineering Polymers

• Indian Bank 

• Reliance Industrial Infrastructure

• Tata Power Company

• Ex-Date Dividend: Craftsman Automation, Hindustan Unilever

• Ex-Date Rights Issue of Equity Shares: Vintage Coffee and Beverages

• Record-Date Rights Issue of Equity Shares: Vintage Coffee and Beverages

• IKIO Lighting: Quant Quantamental Fund bought 6.01 lakh shares (0.77%), Quant Multi Asset Fund bought 60.02 lakh shares (0.77%) at Rs 409.08 apiece, and NK Securities Research bought 16.34 lakh shares (2.11%) at Rs 407.7 apiece.

• Piramal Pharma: The Vanguard Group Inc Ac Vanguard Total International Stock Index Fund bought 62.02 lakh shares (0.51%) at Rs 94.71 apiece, and Caisse DE Depot ET Placement DU Quebec sold 10.57 crore shares (0.88%) at Rs 94.48 apiece.

• Aavas Financiers: Small Cap World Fund bought 7.08 lakh shares (0.9%) at Rs 1,350.02 apiece.

• Landmark Cars: Bajaj Finance sold 2.25 lakh shares (0.28%) at Rs 690.03 apiece.

• IIFL Finance: DSP Mutual Fund bought 50 lakh shares (1.31%), and FIH Mauritius Investments sold 50 lakh shares at Rs 500 apiece.

• Kalyan Jeweller: Citigroup Global Markets Mauritius bought 44.2 lakh shares (0.43%), Franklin Templeton Mutual Fund - Franklin India Smaller Companies Fund bought 35.18 lakh shares (0.34%), Franklin Templeton Mutual Fund - Franklin India Taxshield Open bought 38.79 lakh shares (0.38%), Franklin Templeton Mutual Fund A/Câ  Franklin India Flexi Cap Fund bought 86.54 lakh shares (0.84%), Nomura Funds Ireland Plc Nomura Funds Ireland India Equity Fund bought 35.98 lakh shares (0.34%), Nomura Funds Ireland Plc Nomura Funds Ireland India Equity Fund bought 85.02 lakh shares (0.82%), TNTBC As The Trustee Of Nomura India Stock Mother Fund bought 42.25 lakh shares (0.41%), BNP Paribas Arbitrage bought 1.68 crore shares (1.63%) and Highdell Investment bought 6.41 crore shares (6.22%) at 113.1 apiece

Chambal Fertilizers: Promoter Zuari Industries created a pledge of 2 lakh shares on June 13. 

• L.G. Balakrishnan & Bros.: Promoter LG Farm Products bought 6,845 shares, LGB Auto Products bought 64,000 shares, LG Sports bought 21,000 shares, and Arjun Karivardhan sold 91,845 shares on June 15.

• Pidlite Industries: Promoter Group Neerav Parekh bought 9,572 shares between June 14 and June 15.

• Sandur Manganese & Iron Ores: Promoter Group Yashodara Devi Shiva Rao Ghorpade sold 1,456 shares between June 12 and June 15.

• Garnet International: Promoter Suresh Gaggar bought 7,500 shares on June 15.

• S&T Corporation: Promoter and Director Ajaykumar Savai sold 22,070 shares on June 14.

• Praveg: Promoter Group Patel Ashaben Vishnukumar sold 2.86 lakh shares between June 14 and June 16.

• Aurionpro Solutions: Promoter and Director Amit Sheth sold 1 lakh shares on June 14.

• Advanced Enzyme Technologies: Promoter Group Atharva Green Ecotech sold 88,795 shares; Promoter & Director Vasant Rathi bought 5.15 lakh shares; Promoter Group Rasika Vasant Rathi bought 8,684 shares between June 14 and June 15.

• Nifty June futures ended at 18,893.05, a premium of 147.6 points.

• Nifty June futures rose 4.06%, with 7,946 shares in open interest.

• Nifty Bank June futures ended at 44,023.85, a premium of 453.8 points.

• Nifty Bank June futures fell 6.83%, with 6,789 shares in open interest.

• Securities added to the ban period: Delta Corp., Indiabulls Housing Finance, Indian Energy Exchange, The India Cements, L&T Finance Holdings, Manappuram Finance, Tata Chemical, and Zee Entertainment Enterprise.

Indian rupee closed 0.30% lower at 81.94 against the U.S. dollar on Friday. 

• HUL - Volume Growth Recovery To Be Gradual; Value Growth To Tail Off: HDFC Securities

• Narayana Hrudayalaya - Focuses On Increasing Throughput: Prabhudas Lilladher

• Ceat Sees Good Progress Despite Challenges, Says Prabhudas Lilladher

• Ashok Leyland - Commercial Vehicle Uptrend Likely To Continue Beyond FY24: Motilal Oswal

• Cement Sector Check - Potent Positives, Or A Recipe For Price War? Asks ICICI Securities

Disclaimer: AMG Media Networks Ltd., a subsidiary of Adani Enterprises Ltd., holds a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.