Stock Market Today: All You Need To Know Going Into Trade On June 7

Most stocks in the Asia-Pacific region were trading higher on Friday after a mixed session in the US ahead of this key jobs data.

The Nikkei 225 was 17 points or 0.05% up at 38,730, and the KOSPI was 19 points, or 0.68% higher at 2,070 as of 06:40 a.m.

US stocks and bonds passed their rally and ended mixed ahead of the key US jobs reading that will help shape the outlook for the Federal Reserve’s next steps.

The S&P 500 fell 0.02% and the Nasdaq Composite declined 0.09% as of Thursday. The Dow Jones Industrial Average advanced by 0.20%.

Brent crude was trading 0.26% higher at $80.08 a barrel. Gold fell 0.05% to $2,374.92 an ounce.

The GIFT Nifty was trading 28.5 points, or 0.12% lower at 22,919.5 as of 06:43 a.m.

The Reserve Bank of India's Monetary Policy Committee will announce their key lending rate decision on Friday. MPC is likely to maintain status quo amid the continuing need to bring down inflation further, even as economic activity remains strong.

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 83.47 against the US dollar.

• 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 for 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 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 the 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: The UK Court orders Tata Chemicals Europe to pay a 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 a suit before the Delhi High Court against IOCL in 2018.

• 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.

• Raymond: Promoter Shephali Ruia bought 13,187 shares between May 31 and 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.

• 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.

• 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, and 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, and PTC Industries.

• 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.

• 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.

The Indian currency weakened 10 paise to close at 83.47 against the US dollar.

• 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

• Asian Paints - Thrust On Growth, Brand Strength: Systematix

• MM Forgings - Attractive Valuation; Retaining A Buy: Anand Rathi

• Consumer Sector Check - Recap, Review, Restore: Motilal Oswal

• Modi 3.0 – The Coalition Avtaar: Dolat Capital

• Polycab India - High Infrastructural Spends To Drive Growth: Nirmal Bang