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Friday, June 9, 2023
Pre-Market Derivatives and Technical Set-up
*Pre-Market Derivatives and Technical Set-up*
◆ Nifty index opened flattish and moved in the positive direction but failed to hold above 18777 zones and drifted lower in the second half of the session. It broke its intraday support zones as a result of profit booking at higher zones and closed with losses of around 90 points. Some sort of pause could be seen at record levels but overall set up remains positive. It formed a Bearish candle and an outside Bar on daily scale
◆ Now it has to cross and hold above 18666 zones to witness an up move towards 18786 and 18888 zones while on the downside support exists at 18580 and 18530 zones
◆ India VIX was down by 1.60% from 11.44 to 11.25 levels. Volatility sunk to 10 zones during the day and comforted the bull at higher zone but was followed by a slight rise
◆ On option front, weekly maximum Call OI is at 18700 then 18800 strike while maximum Put OI is at 18700 then 18600 strike. Call writing is seen at 18700 then 18800 strike while Put writing is seen at 18700 then 18500 strike. Option data suggests a broader trading range in between 18450 to 18900 zones while an immediate trading range in between 18550 to 18800 zones
◆ Bank Nifty opened on a flattish note but managed to hold 44200 zones initially and gradually moved towards 44459 marks in the first half of the session. However it failed to hold 44444 marks and quickly drifted again towards 43900 zones in the latter part of the trading session. It formed a Bearish candle on daily scale as selling pressure was seen at higher zones however multiple supports are intact at lower zones and it closed near its crucial 20 DEMA levels
◆ Now it has to cross and hold above 44044 zones for an up move towards 44250 then 44500 zones while on the downside support is seen at 43750 then 43500 levels
◆ Bullish setup in Dixon, NTPC, Jswsteel, HAL, Powergrid, Indigo and LT
◆ Bearish setup in IEX, Indhotel, Kotak Bank, ABFRL, Mphasis, India Mart, Sunpharma and GNFC
Derivatives update
*Derivatives update*
Good morning !!
Derivatives update for Friday, 9th June 2023.
India VIX was down by 1.60% from 11.44 to 11.25 levels. Volatility sunk to 10 zones during the day and comforted the bull at higher zone but was followed by a slight rise.
Nifty *Put/Call Ratio* (OI) decreased from 1.38 to 1.06 level.
On option front, weekly maximum Call OI is at 18700 then 18800 strike while maximum Put OI is at 18700 then 18600 strike. Call writing is seen at 18700 then 18800 strike while Put writing is seen at 18700 then 18500 strike.
*Option data suggests a broader trading range in between 18450 to 18900 zones while an immediate trading range in between 18550 to 18800 zones.*
For weekly Bank Nifty, Maximum Put OI is at 44000 then 43500 strike and maximum Call OI is placed at 44000 then 44500 strike. We have seen Call writing 44000 and Put writing is witnessed at 44000 strike as well.
Bank Nifty Put Call Ratio decreased from 0.95 to 0.77. Implied volatility rose from 12.7 to 13.3 levels.
Bank Nifty (CMP 43,995.25)
Data setup for Bank Nifty suggests a trading range in between *43500/43750 to 44250/44500 zones.*
Looking ahead at the FII’s derivatives activity, there was short built up in index futures, position unwinding in index options and long liquidation in stock futures.
In the cash market, FIIs were net buyers to the tune of 212 crores while DII’s were net sellers worth 405 crores. FIIs Index Long Short Ratio decreased to 48.20%.
Derivatives data and price set up suggests, Nifty has to cross and hold above 18666 zones to witness an up move towards 18786 and 18888 zones while on the downside support exists at 18580 and 18530 zones.
Bank Nifty has to cross and hold above 44044 zones for an up move towards 44250 then 44500 zones while on the downside support is seen at 43750 then 43500 levels.
Thank you. Have a great trading day and weekend ahead..!!
News and Impact
News and Impact
· Expects market to open on a positive note after the RBI kept unchanged interest rate second time in a row and lower FY24 inflation projection, rally in the global markets and hope of US Fed to keep unchanged interest rate in the next policy meeting will be positive for the market sentiment. U.S. stocks ended upto 1% higher to close 10-month high, boosted by a rally in shares of big technology shares and fresh signs of a cooling US labor market (20-month low)in prompted traders to curb bets on further monetary tightening. As a result, US bond yield fell by 1%, dollar Index fell to below 104 and US Vix drop over 2% to below 14, indicating US Fed to pause hike in interest rate in the next policy meeting. Investors seemed to be in a wait-and-see mode ahead of next week's key inflation data and the Federal Reserve's policy meeting. Meanwhile, investors are reassessing the trajectory of the Federal Reserve's monetary policy after central banks in Canada and Australia unexpectedly raised interest rates this week. Back home, SGX Nifty is up quarter percent and US Future is witnessing mixed bag. Yesterday, Index declined half a percent on account of profit booking after the RBI announced its credit policy today. RBI kept unchanged interest rate at 6.5% but lower FY24 Inflation projection from 5.2% to 5.1%. Positive factor that the continued FIIs buying interest (Yesterday net buyers Rs212cr), better than expected PMI data and strong GST collection will be positive for the market sentiment. Expects stock specific action in the market and momentum expected to be mid and small cap counters. Traders will be focus for banks, defense and auto stocks. Traders focus on Sugar and Coffee stocks due to spiked in Sugar and Coffee price in the international market.
· US Market –Technology stocks drove a rally in US equities while bond yields and the dollar fell after data showing US jobless claims surged more than expected last week. Nasdaq Composite gained 1% while Dow Jones Index soared over half percent. US Vix (Volatility Index) declined 2% to below 14.
· Global market summary – US jobless claims to the highest since October 2021 shows that the labor market. US Dollar Index fell to below 104. Both US 10-Year and 2-year bond yield declined by 1% each. S&P 500 into a bull market with a gain of more than 20% from its October low.
· Asian Market – Equities in Japan, South Korea and Australia opened higher Friday after a rally in US technology stocks pushed the S&P 500 into a bull market with a gain of more than 20% from its October low. Japan Index gained over 1%.
· European Market - European equities were steady as gains in automotive and banking stocks countered losses in other sectors like technology, which were weighed down by concerns of slowing growth and elevated interest rates. Moreover, fall in Euro zone GDP growth is a concern in the European region. UK Index marginally decline while both Germany and France Index gained 0.2% each
· Oil – Oil declined 2% to $75/bbl as demand concerns returned to the fore, snuffing out gains driven by Saudi Arabia’s unilateral pledge to cut production. Reports that the US and Iran had made progress on nuclear talks that could lead to more supply from the Islamic Republic. However, US officials said reports of an interim deal are false.
· Gold –Gold edged higher by 1% to $1965/ounce after sinking to its lowest close since March, with investors tempering bets on future Federal Reserve rate hikes and lower US bond yields.
· Previous Day market Update –.Equity benchmark index declined nearly half a percent from the intra-day high on account of profit booking after the Reserve Bank of India announced its credit policy today. Interest-sensitive sectors like auto, financials, and real estate declined as traders booked profit. The RBI kept the repo rate unchanged at 6.5 percent – in line with expectation but the RBI Governor cautioned that inflation concerns in the second half of the year need to be watched and addressed at an appropriate time. There was some hawkish stance by the RBI government which dampened the market sentiment. Moreover, investors had a cautious approach ahead of the US Federal Reserve’s policy decision to be release next week. Both the Central Bank of Australia and Canada unexpectedly raised rates by 25bps, stoking concerns for further tightening by the Federal Reserve. Sensex declined 294 points or 0.4% to close at 62848. Sensex touched an intra-day high of 63321 and low of 62790. Nifty declined 90 points or 0.5% to close at 18634. Nifty touched an intra-day high of 18777 and a low of 18615. After a long time, both mid-cap and small cap stocks corrected and declined nearly 1% from the intra-day high. While India Vix cooled off by nearly 2% to close at 11.25. FIIs were net buyers Rs212cr while DIIs were net sellers Rs405cr yesterday.
· Nifty Technical Levels – Some sort of pause could be seen Nifty at record levels but overall set up remains positive. It formed a Bearish candle and an outside Bar on daily scale. Now it has to cross and hold above 18666 zones to witness an up move towards 18786 and 18888 zones while on the downside support exists at 18580 and 18530 zones.
· Bank Nifty Technical Levels – Bank Nifty formed a Bearish candle on daily scale as selling pressure was seen at higher zones however multiple supports are intact at lower zones and it closed near its crucial 20 DEMA levels. Now it has to cross and hold above 44044 zones for an up move towards 44250 then 44500 zones while on the downside support is seen at 43750 then 43500 levels.
· Actionable BUY – Hindustan Aeronautics, Tata Steel, CCL Products, Tata Power, Tata Motor, Reliance Industries
· Brokers Radar – Macquarie – TGT on SBI Life at 1306, HDFC Life at 556 and ICICI Prudential Life TGT at 486. JP Morgan – Hero Motocorp TGT at 3315, Bajaj Auto TGT at 5380 and TVS Motor tgt AT 1400. Macquarie TGT on TVS Motor at 1418. Goldman Sachs - Ultrtechtech Cement TGT at 8600 and Dalmia Cement TGT at 2100
· Events –Kotak Mahindra Bank block deal of 1.7% equity, IKIO Lighting Rs607cr IPO Subscribed 68 Times by Last Day.
· Corporate Action - Solar Industries - AGM and ex-dividend Rs8, Asian Pains Rs21.25, Elecon Engineering Rs2 and HDFC AMC Rs48
· Global Data –CPI and PPI (Producer Price Index) - China
· Market Summary – Canada Pension Seeks up to $754M in Kotak Stake Sale, Tata Power receives LOA to set up 966 MW Renewable Power Project for Tata Steel, German Defence Minister visits Mazagon Dock in Mumbai, RBI keeps unchanged interest rate and lower inflation, Hatsun Agro To Consider Sale Of Windmill Division, Govt. in talks with US on steel, aluminum tariff exemption- media report
· Kotak Bank - Canada Pension Plan Investment Board offers 33m shares, or a 1.7% stake, in Kotak Mahindra Bank in a block trade. The shares are offered at Rs1,792.18 to 1,886.50 a share, price range represents a discount of 5% (CMP 1886). Current holding 4.34% stake by Canada Pension Plan Investment – Any sharp decline will be buying opportunity.
· Hindustan Aeronautics (HAL)- The Board of Hindustan Aeronautics Ltd (HAL) will meet on June 27 to consider and approve a proposal to split its equity shares – positive
· Tata Power - Company received Letter of Award 'LOA' to set up 966 MW RTC hybrid renewable power for Tata Steel. This is one of the biggest industrial RTC power PPAs under Group Captive segment in the country. – positive
· IRB Infra – Company’s listed Private InvIT report 20% growth in Toll Revenue for May 2023 – positive
· Biocon – Company said that its active pharmaceutical ingredient (API) manufacturing facility in Bangalore received a certificate of GMP Compliance from competent authority of Germany - positive
· CEAT Limited - Company has increased stake with Tyresnmore Online Pvt for making a further investment of upto ₹ 9 Crore to acquire additional 10.89% of the fully diluted post issue total share capital. Tyresnmore shall become Subsidiary of CEAT Limited and the total holding of CEAT Limited in Tyresnmore on a fully diluted basis would be 56.9%.
· Aether Industries – Company signed license agreement with Saudi Aramco Technologies Company for the commercialization of the sustainable Converge®️ polyols technology - positive
· GAIL – Company emerged successful in Corporate Insolvency Resolution Process (CIRP) of JBF Petrochemicals in competitive bidding seeing through major India petrochemical players in the process. The acquisition of JBFPL offers GAIL an opportunity to add a new product Purified Terephthalic Acid (PTA) to GAIL's existing petrochemical portfolio. – positive
· NHPC – Company has been allotted a Pump Hydro Storage site in Punasa, Dist, Madhya Pradesh with estimated storage capacity of 525 MW X 6 hours, by New and Renewable Energy Department, Govt. of Madhya Pradesh. – Positive
· TCM Ltd (Formerly Travancore Chemical) has received the work order from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala for the Design, Supply, Installation and Commissioning of Grid connected SPV Power Plants in Public Buildings at Thiruvananthapuram under Solar City Project – Positive
· Bharti Airtel – Company surpasses the 20 lakh customer mark on its 5G network in Uttar Pradesh East - positive
· RBI Monetary Policy: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), announced its decision to keep the repo rate unchanged at 6.5 per cent. RBI governor Shaktikanta Das said that the committee took the decision unanimously. The gross domestic product (GDP) forecast for 2023-24 (FY24) has also been kept unchanged at 6.5 per cent. However, the inflation target for FY24 has been lowered marginally to 5.1 per cent from 5.2 per cent earlier. RBI said inflation is expected to remain above 5 per cent in FY24. The MPC also announced that it will continue with its stance of "withdrawal of accommodation".
· Focus on Metal stocks - Government is in negotiations with the US to seek an exemption from steel and aluminium tariffs imposed by former US President Donald Trump, as well as the removal of some retaliatory levies. Negotiators in New Delhi and Washington want to strike a deal during Indian Prime Minister Narendra Modi’s visit to the United States later this month – expects positive for Hindalco, SAIL, Nalco and Tata Steel
· Zydus Life – Company gets USFDA approval for Nexium delayed-release oral suspension - positive
· Mother Dairy has reduced the maximum retail price (MRP) of edible oils sold under Dhara brand by Rs 10 per litre on account of fall in edible price in the international market – It may positive on select FMCG stocks (Hindustan Unilever, Dabur India) and expectation of cooling down inflation. However, Marico, Godrej Agrovat and Patanjali may negative impact.
· KPI Green Energy – Company have received Commissioning Certificates from Gujarat Energy Development Agency ('GEDA') for the 26.10MW wind-solar hybrid power project comprising 16.10MW wind and 10MWdc solar capacity at Bhungar site in Bhavnagar, Gujarat, under the Gujarat Wind-Solar Hybrid Power policy 2018. - positive
· Trigyn Technologies- company has announced that the contract of our wholly owned subsidiary, Trigyn Technologies Inc., with the United Nations, for the provision of Information and Communication Technology Staffing Support at the UN Missions and other UN offices worldwide, has been extended for an additional six (6) months. – positive
· Mazagoan Dock - A delegation from Germany led by its Defence Minister Boris Pistorius visited the Western Naval Command (WNC) and the Mazagon Dock here with an aim to strengthen defence ties between the two countries - positive
· Inox Wind – Company has bagged an order for a 100MW wind power project from ABEnergia Renewables Pvt Ltd (ABEnergia), an Independent Power Producer – positive
· Hatsun Agro To Consider Sale Of Windmill Division - Hatsun Agro is considering the sale of its windmill division by way of transfer of all the assets and liabilities through a slump sale – Positive to exit non-core business
· L&T Finance – Company approved dividend Rs2 a share
· IndusInd Bank – Company has been empaneled as the official angency bank by the Madhya Pradesh Government. Bank to collect government's revenue and receipts such as GST and VAT online – Positive
· Zen Technologies - Military training and anti-drone solutions provider Zen Technologies has secured an order worth Rs202cr from the Ministry of Defense - positive
· SpiceJet - SpiceJet will partner with FTAI Aviation for its CFM56 engine revitalization program. Under the program, FTAI Aviation will provide SpiceJet with upto 20 engines for lease, inclusive of maintenance services – positive
· Delhivery Ltd - ONDC network partners with Delhivery and Mystore to provide express parcel shipping for rural entrepreneurs nationwide - positive
· CCL Products - Company acquired six coffee brands from Lofbergs Group for £550,000 or approximately Rs 5.66cr – positive .
STOCKS IN ACTION 9 June
STOCKS IN ACTION 9 June
HINDUSTAN AERONAUTICS: Board To Consider Stock-split On June 27
CapaciteInfraprojects: To Raise 963m Rupees Through Preferential Issue Of Equity Shares
TATA POWER, Tata Steel: Tata Power Renewable Energy Subsidiary receives
Letter of Award to set up 966 MW Round-the-clock (RTC) Hybrid Renewable Power Project for TataSteel
Tata Steel, will invest 26% equity in the said project.
To be commissioned by 1st June 2025
AETHER INDUSTRIES: Signs license agreement with Saudi Aramco Technologies Company for the commercialization of the sustainable Converge polyols technology
FYI Yesterday had Executed Letter of Intent with USA based leading global Oil Field Services Company
Trigyn Technologies: Unit Awarded Enterprise Technology Staffing Support Contract By City Of Baltimore, Maryland
BIOCON: Active Pharmaceutical Ingredient (API) manufacturing facility located in Bangalore has received a certificate of GMP compliance from the Competent Authority of Germany
(following an EU GMP inspection that was conducted in February 2023)
HeroMotoCorp to invest up to Rs 1,500 crore for developing premium bikes and EVs in India
CEAT: Company inked an agreement to further invest up to Rs 9 crore to acquire 10.89% of Tyresnmore. Upon completion of the agreement, Tyresnmore will become a subsidiary of the company with CEAT, holding a 56.9% stake on a fully diluted basis.
Pitti Engineering: Company made an additional investment of Rs 5 lakh in its wholly owned subsidiary, Pitti Rail and Engineering Components, by subscribing to 50,000 fully paid-up equity shares of face value of Rs 10 each through a rights issue. This investment is made to enable Pitti Rail to meet its expenses for operations and general corporate purposes
Abans Holding: The company's subsidiary Abans Agri Warehousing & Logistics is executing a contract to sell its entire 100% stake in Shanghai Yilan Trading Co. to Forever Trading F.Z.C. for a composite consideration of CNY 354,595 (Rs 41.13 lakh).
NHPC: Arm NHDC Gets 525 MW X 6 Hours Pump Hydro Storage Site In Khandwa, Madhya Pradesh
IRB Infrastructure Dev: Says May Revenue Up 20% At Rs 411.1 Cr Vs Rs 343.5 Cr (YoY)
Blue Dart Board approves appointment of Sudha Pai as CFO, effective Sep 1
Kotak Mahindra Bank: Canada Pension sought Rs 6,225 crore for a stake sale in Kotak Mahindra Bank. The Canada Pension Plan Investment Board will offer 3.3 crore shares, representing a 1.7% stake, in Kotak Mahindra Bank in a block trade. The shares are offered at Rs 1,792.18 to Rs 1,886.50 each. The price range represents a discount of up to 5% compared to Thursday's close.
SNOWMAN LOGISTICS: Large Trade
Promoter GATEWAY DISTRIPARKS LIMITED
Bought 14,00,000 Shares @ Rs 43.32/ Share
JHS SVENDGAARD: Large Trade
NIKHIL VORA
Sold 391,665 Shares @ Rs 19.21/ Share
CHAITALI N VORA
Sold 383,878 Shares @ Rs 18.2/ Share
NIKHIL VORA
SELL 600,000 Shares @ Rs 17.5/ Share
PATEL INTEGRATED LOGISTICS: Large Trade
PATEL HOLDINGS LIMITED
Sold 510,000 Shares @ Rs 15.60
UNITED DRILLING TOOLS: Large Trade
ASHISH KACHOLIA
Sold 158,390 Shares @ Rs 190.49/ Share
Market Indication
Market Indication:
Global: FLAT to NEGATIVE
NIFTY: FLAT to NEGATIVE
BANKNIFTY: FLAT to NEGATIVE
BULK Deals:Snowman Logistics, United Drilling Tools etc.
Stocks In F&O Ban Period: Indiabulls Housing Finance and Manappuram Finance
Results Today: Nil
SGX NIFTY: (Positive)
18755 +34.50 +0.18%
SGX Nifty
SGX Nifty: 18756
Advisory: Market Pre-opening
Advisory: Support / Resistance : Intraday
Nifty Futures :
S1 - 18645 S2 - 18550
R1 - 18820 R2 - 18915
BankNifty Futures :
S1 - 43900 S2 - 43500
R1 - 44370 R2 - 44750
Nifty Highest Open Interest (15th Jun Weekly expiry) : Call:18700 / Put : 18000
Thursday, June 8, 2023
ExpiryDay View Levels
#ExpiryDay View/Levels
#BankNifty Spot
- CMP 44440
- Trading range for today 44000-44100 to 44500-600 (+/-100)
- Expiry expecting near 44200 (+/-100)
#Nifty Spot
-CMP 18765
-Trading range for today 18600 to 18800 (+/-50)
-Expiry expecting near 18650 (+/-25)
-View invalid above or below the range.
-Trade with HEDGE.
-Before taking any action do your own research also.
-View/levels are educational purpose only. Not a BUY/SELL recommendations
commodity groups
Share of top 5 commodity groups in state-to-state movement of goods in 2020-21 by rail🇮🇳:
Coal & Coke: 38.18%
Cement: 12.56%
Iron Ore: 10.33%
Iron & Steel: 5.42%
Fertilizer & Chemical manure: 3.95%
(DGCIS)
Who leads in Telecom Sector?
Who leads in Telecom Sector? 📲
Reliance Jio 37.61%
Bharti Airtel 32.42%
Vodafone Idea 20.70%
BSNL 9.06%
MTNL 0.21%
(Mar 2023)
BSNL has 25% share in wireline subscribers & 3% share in the broadband market.
RBI Repo Rate
*Reserve Bank of India Policy Announcement: Repo Rate*
Current: 6.50%
Expected: 6.50%
Previous: 6.50%
(As expected, Reserve Bank has maintained status quo on Repo rates. Policy comments and Future guidance important for further outlook)
Dividend Dates
*Dividend Dates*
Ex-Dividend *09 June 2023 (Tomorrow)*
Last date for Cum-Dividend *Today*
*Asian Paints Ltd.*
Dividend Per Share Rs.21.25
Previous day Closing Price – Rs. 3223.85
*Bhansali Engineering Polymers Ltd.*
Special Dividend Per Share Rs.14
Final Dividend Per Share Rs.1
Previous day Closing Price – Rs. 160.7
*Caplin Point Laboratories Ltd.*
Dividend Per Share Rs.2
Previous day Closing Price – Rs. 777.55
*Cigniti Technologies Ltd.*
Special Dividend Per Share Rs.2.5
Final Dividend Per Share Rs.3.0
Previous day Closing Price – Rs. 907.6
*Dynamatic Technologies Ltd.*
Dividend Per Share Rs.7
Previous day Closing Price – Rs. 3374.1
*Elecon Engineering Co.Ltd.*
Dividend Per Share Rs.2
Previous day Closing Price – Rs. 561.65
*Elpro International Ltd.*
Dividend Per Share Rs.0.23
Previous day Closing Price – Rs. 60.74
*HDFC Asset Management Company Ltd*
Dividend Per Share Rs.48
Previous day Closing Price – Rs. 1994.8
*Himadri Speciality Chemical Ltd*
Dividend Per Share Rs.0.25
Previous day Closing Price – Rs. 131.6
*Indian Hotels Co.Ltd.*
Dividend Per Share Rs.1
Previous day Closing Price – Rs. 395.9
*National Fertilizers Ltd.*
Dividend Per Share Rs.1.53
Previous day Closing Price – Rs. 71.8
*NRB Bearings Ltd.*
Dividend Per Share Rs.4.1
Previous day Closing Price – Rs. 195.8
*Solar Industries India Ltd.*
Dividend Per Share Rs.8
Previous day Closing Price – Rs. 3887.3
*Maruti Interior Products Ltd*
Dividend Per Share Rs.0.5
Previous day Closing Price – Rs. 149
*Voltas Ltd.*
Dividend Per Share Rs.4.25
Previous day Closing Price – Rs. 805.65
STOCKS IN ACTION 8 June
STOCKS IN ACTION 8 June
Punjab & Sind Bank board to consider raising upto Rs 750 cr via Bonds in one or more tranches on June 12
Titagarh Wagons: Board to consider raising funds via QIP/Rights Issue on June 10
Bank Stocks: To be in focus ahead of the Monetary Policy Committee decision on policy repo rate. MPC is likely to continue its status quo on the key lending rate at its second meeting in the new fiscal, amidst easing inflation and resilient growth.
Zydus Life gets USFDA approval for Tadalafil tablets, which are used to treat Pulmonary Arterial Hypertension & improve exercise capacity in both men & women
Mazagon Dock Shipbuilders: Thyssenkrupp, Co Sign Submarine MoU
Thyssenkrupp, Mazagon Intend To Build Submarines In India
Lemon Tree Hotels signs licence agmt for a 60-room property in Rajamundry, Andhra Pradesh; the hotel is expected to be operational by Q3 of FY25
Sula Vineyards identifies new CFO, who will come on board in August
Company launches three new luxury lakeside villas in Nashik
Tata Elxsi launches InnovationHub & nearshore engineering centre in Troy, Michigan
Tata Elxsi partners with ISRO to enable the upcoming GaganyaanMission
Tata Elxsi to design & develop Crew Module Recovery Models (CMRM) for recovery team training of the space mission
Hatsun Agro to consider sale of its windmill division by way of transfer of assets & liabilities on July 5, 2023
Wipro & Cisco launches managed private 5G-as-a-Service solution
Gati: Total volume, including surface and air express, rose 8% sequentially in May. It rose 1% from the year ago period. Company said volumes in May continued to show an improving trend owing to an uptick in preparations for the upcoming festive season starting in the last week of May. This is expected to continue over the coming months.
Aether Industries: Company signed a Letter of Intent with U.S. based oil field services company for strategic supplier and contract manufacturing partnership. The letter specifies four strategic products that will be supplied to the global energy and oil and gas locations of the U.S. based company, including a significant supply within India.
Nelco invests in Piscis Networks to bolster its portfolio of Satellite Communication Solutions
Adani Enterprises: Spokesperson Says Adani Group To Go Slow On Dealmaking As High Global Cost Of Capital Weighs
Says Adani Group To Focus On Completion Of Existing Projects
Haldyn Glass: Says One Of The Furnace At Plant Located At Vadodara Will Remain Shut For A Period Of 90 Days To Undertake Relining
Operation At Second Furnace Will Continue As Usual
Life Insurance Corp: Company increased stake in Tech Mahindra by 2%, from 6.87% to 8.89%. The holding increased at an average cost of Rs 1,050.77.
Stove Kraft: Chief Financial Officer Balaji A S has resigned from the company citing personal reasons. The company is in the process of hiring a professional for the position of chief financial officer.
CRAYONS ADVERTISING: Large Trade
GOEL ANIL KUMAR
BUY 200,000 Shares @ Rs 109.35/ Share
SNOWMAN LOGISTICS: Large Trade
Promoter GATEWAY DISTRIPARKS LIMITED
BOUGHT 11,00,000 Shares @ Rs 40.02/ Share
EKI ENERGY SERVICES: Large Trade
NEXT ORBIT VENTURES FUND
SELL 200,000 Shares @ Rs 492.35/ Share
DEEPAK FERTILISERS: Large Trade
SMALLCAPWORLD FUND INC
SELL 23,54,000 Shares @ Rs 548.42/ Share
DLINK INDIA: Large Trade
ASHISH KACHOLIA
SELL 194,662 Shares @ Rs 228.5/ Share
BSE Sensex performance
BSE Sensex performance (%):
2023: +3.22%*
2022: +4.44%
2021: +21.69%
2020: +15.60%
2019: +13.8%
2018: +6.7%
2017: +28.2%
2016: +1.8%
2015: -5.05%
2014: +30.1%
*Till June 7
(BSE)
Market Indication
Market Indication:
Global: FLAT to POSITIVE
NIFTY: FLAT to POSITIVE
BANKNIFTY: FLAT to POSITIVE
BULK Deals:Ceinsys Tech, Gravita India etc.
Stocks In F&O Ban Period: Indiabulls Housing Finance, India Cements, and Manappuram Finance
Results Today: Nil
SGX NIFTY: (Positive)
18830 +18.00 +0.10%
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