Stock Market Today: All You Need To Know Going Into Trade On June 20

Benchmarks in Asia-Pacific region were trading mixed on Thursday due to absence of cues from US markets, and as investors assess China's latest interest rate decision.

The Nikkei 225 was 246.68 points or 0.64% lower at 38,324.08, and the S&P ASX 200 was 3.92 points or 0.14% higher at 2,801.25 as of 06:49 a.m.

China kept its benchmark one-year loan prime rate unchanged at 3.45%, and the five-year loan prime rate at 3.95% in line with estimates.

Financial markets in the U.S. were closed Wednesday on account of Juneteenth Day.

Brent crude was trading 0.07% higher at $85.13 per barrel as of 06:51 a.m. Gold was trading 0.14% higher at $2,331.32.

The GIFT Nifty was trading 8.5 points or 0.04% higher at 23,521.50 as of 06:50 a.m.

The Indian benchmark equity indices shed their early gains to settle mixed on Wednesday on bank futures expiry day as Larsen & Toubro Ltd. and Reliance Industries Ltd. dragged.

The NSE Nifty 50 settled at 41.90 points or 0.18%, lower at 23,516, while the S&P BSE Sensex ended at 36.45 points or 0.05%, higher at 77,337.59, marking the highest closing level since its inception.

Foreign portfolio investors recorded their highest-ever single-day buying of Indian shares so far in 2024 on Wednesday. The investors bought stocks worth Rs 7,908.36 crore, while domestic institutional investors also stayed net buyers for the third consecutive day on Wednesday and mopped up equities worth Rs 7,107.80 crore, according to provisional data from the National Stock Exchange.

The Indian currency weakened 4 paise to close at 83.45 against the US dollar.

• Som Distilleries And Breweries: The Madhya Pradesh government suspended the license of Som Distilleries due to concerns about child labour. SDPL is part of the Som Group of companies, which also has Som Distilleries and Breweries Ltd., a listed firm, under its umbrella.

• Indian Oil Corporation: The company entered a joint venture with GPS Renewables for Sustainable Energy Solutions.

• Sun Pharmaceutical Industries: The company received a warning letter from the US FDA for the Dadra facility. The US FDA warning letter summarises current good manufacturing practice regulations.

• Eimco Elecon (India): The company received an order worth Rs 33.11 crore from The Singareni Collieries Company for the supply of coal mining equipment.

• PNB Housing Finance: The company’s holders offer 1.08 crore shares at a floor price of Rs 773 apiece, as per Bloomberg.

• Chemplast Sanmar: The board is to meet on June 24 to consider fundraising.

• Kaynes Technology India: The company incorporated a wholly owned subsidiary named Kaynes Holding.

• Godrej Industries: CCI approved the proposed family group re-alignment.

• Avenue Supermarts: The company has opened a new store in Tamil Nadu today. The total number of stores as of date stands at 369.

• PNC Infratech: The company’s MD and Director appeared before CBI. The company’s operations are functioning without any impediment. The company will cooperate with law enforcement agencies.

• Sapphire Foods India: The board approved splitting each share into 5.

• DEE Development Engineers: The public issue was subscribed to 2.51 times on day 1. The bids were led by institutional investors (0.02 times), non-institutional investors (5.29 times), retail investors (2.68 times), and employees reserved (7.05 times).

• Akme Fintrade India: The public issue was subscribed to 3.01 times on day 1. The bids were led by institutional investors (0.02 times), non-institutional investors (5.15 times), retail investors (4.17 times), and employees (0.56 times).

• Advanced Enzyme Technologies: Motilal Oswal Financial Services bought 1.1 crore shares (9.88%) at Rs 385 apiece, while Orbimed Asia Iii Mauritius sold 1.1 crore shares (9.88%) at Rs 385 apiece.

• Piramal Enterprises: Anutham Realty bought 1.08 crore shares (4.54%) at Rs 900.8 apiece, while The Srikrishna Trust sold 1.08 crore shares (4.54%) at Rs 900.8 apiece.

• Sansera Engineering: Client Ebene Limited sold 50.3 lakh shares (9.43%) at Rs 1200 apiece, Cvcigp Ii Employee Ebene Limited sold 12.23 lakh shares (2.29%) at Rs 1,200 apiece, while Custody Bank Of Japan Ltd. Re Rb Amundi India Small Cap Equity Mother Fund bought 10.93 lakh shares (2.05%), DSP Mutual Fund bought 20.83 lakh shares (3.89%), Societe Generale bought 3.58 lakh shares (0.67%), SBI Mutual Fund bought 3.64 lakh shares (0.68%) and among others at Rs 1,200 apiece.

• AU Small Finance Bank: Westbridge Aif I sold 1.3 crore shares (1.94%) at Rs 650.08 apiece, while Goldman Sachs Investments Mauritius I Ltd. bought 43.34 lakh shares (0.64%) at Rs 650 apiece.

• BLS E-Services: Minerva Ventures Fund sold 4.70 lakh shares (0.52%) at Rs 281 apiece.

• Dhampur Sugar Mills: Goel Anil Kumar sold 3.5 lakh shares (0.52%) at Rs 243.02 apiece.

• Indus Towers: Vodafone Telecommunications India sold 26.56 crore shares (9.86%) between Rs 315.99 apiece and 325 apiece; Al-Amin Investments sold 2.08 crore shares (0.77%) at Rs 314.54 apiece; and Asian Telecommunication Investments (Mauritius) Limited sold 2.51 crore shares (0.93%) at Rs 311.4 apiece. Prime Metals Limited offloaded 5.6 crore shares (2.07%) at Rs 311.51 apiece and Mobilvest sold 4.29 crore shares (1.59%) at Rs 311.4 apiece. On the other hand, Authum Investment And Infrastructure Limited bought 1.49 crore shares (0.55%) at Rs 321.81 apiece, Bharti Airtel Limited bought 2.69 crore shares (0.99%) at Rs 320 apiece, Ghisallo Capital Management LLC bought 1.98 crore shares (0.73%) at Rs 311.4 apiece and SBI Mutual Fund bought 3.58 crore shares (1.32%) at Rs 311.4 apiece.

• Gland Pharma: Fosun Pharma Industrial sold 99 lakh shares (6.01%) at Rs 1,771.81 apiece, while Ubs Principal Capital Asia Limited bought 8.25 lakh shares (0.5%) at Rs 1771.05 apiece.

• Jindal Stainless: Promoter Sarika Jhunjhnuwala sold 15,000 shares on June 14.

• KNR Constructions: Promoter Kamidi Narsimha Reddy sold 55 lakh shares between June 14 and 19, and Promoter Kamidi Jalandhar Reddy sold 5 lakh shares on June 18.

• Amber Enterprises India: Promoter Kartar Singh sold 1.5 lakh shares on June 18.

• Redtape: Promoter Rashid Ahmed Mirza bought 32,500 shares on June 18.

• Price band revised from 5% to 2%: Diamond Power Infrastructure.

• Ex/record Dividend: eMudhra, Larsen & Toubro.

• Ex/record AGM: Tejas Networks, Bajaj Hindustan Sugar, Orient Green Power, eMudhra.

• Moved into short-term framework: JNK India, Max Estates.

• Jyothy Labs: To meet analysts and investors on June 26.

• Symphony: To meet analysts and investors on June 21.

• Himadri Speciality Chemical: To meet analysts and investors on June 24 and 25.

• Metro Brands: To meet analysts and investors on June 21.

• BSE: To meet analysts and investors on June 24.

• IIFL Finance: To meet analysts and investors on June 25 and 26.

• Escorts Kubota: To meet analysts and investors on June 25.

• Spandana Sphoorty Financial: To meet analysts and investors on June 25.

• Nifty June futures down by 0.3% to 23,503.6 at a discount of 12.4 points.

• Nifty June futures open interest down by 0.3%.

• Nifty Bank June futures up by 2.02% to 51,353.4 at a discount of 44.65 points.

• Nifty Bank June futures open interest down by 2.12%.

• Nifty Options June 20 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.

• Bank Nifty Options June 26 Expiry: Maximum Call Open Interest at 52,000 and Maximum Put open interest at 51,000.

• Securities in ban period: Balrampur Chini Mills, Chambal Fertilizers, Hindustan Aeronautics, Hindustan Copper, India Cements, Indus Tower, PEL, and Sail.

The Indian currency weakened 4 paise to close at 83.45 against the US dollar.

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