Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 19, 2023

• Asia-Pacific markets largely fell on Monday, with Japan’s markets still hovering near 33-year highs.
• * Nikkei 225 has posted weekly gains for the last 10 weeks, but slipped 0.14% at the open on Monday along with the Topix, which was down 0.1%.
• * South Korea’s Kospi dropped of 0.41%, while the Kosdaq was 0.5% lower.
• * Australia bucked the trend, with the S&P/ASX 200
• higher by 0.2%.
• * Hong Kong’s Hang Seng index looks to start the week lower, after the index saw a strong rally last week. HSI futures stood at 19,988, compared to its last close of 20,040.37.
• *News Headlines from Business News Agencies:*
• *Business Standard*
• • Profit trajectory to continue despite ECL regime impact: BoB MD & CEO
• • Rs 10,500 crore in the pipeline for coal-fired thermal power project in UP.
• • Fluctuations in airfares likely to continue, says IndiGo CEO Pieter Elbers
• • India plans to challenge European Union's carbon border tax at WTO.
• • PNB's unsecured loan exposure within regulatory norms, says MD & CEO.
• • Axis Bank appoints former RBI deputy guv Vishwanathan as non-exec chairman.
• • L&T's InvIT closes acquisition of Rs 8,270 crore roads from Brookfield.
• • NCDEX all set to relaunch groundnut futures after more than 13 years.
• • Bank of Maharashtra plans to recover 5% from written-off accounts in FY24.
• • IKIO Lighting makes strong debut on bourses, rises 40% on listing day.
• • Natco gets USFDA approval for Tipiracil Hydrochloride, Trifluridine Tablets.
• • India to have 40% of global workforce by 2050: NSA Ajit Doval
• • DoT to make room for 'powerful' regulator in new Telecommunications Bill
• • India's net direct tax mop-up soars 36% to Rs 3.78 trillion in Q1FY24
• *Economic Times*
• • ONGC chief expects Russian oil to make up 30% of India's imports- Interfax
• • Prospects for UBS are better than ever: CEO Sergio Ermotti
• • India to manufacture BrahMos, drones in UP defence corridor, says Union minister
• • U Saravanan becomes CMD of state-owner fertilizer firm NFL.
• • Airtel may raise up to $1 billion in offshore bonds.
• • Oil exploration contracts not to be covered under IBC moratorium.
• • Tatas look to fast-track synergy between AI Express and AirAsia.
• • Bank of Japan sticks to ultra-loose monetary policy.
• • Bank of England raise rates to 4.75% as inflation slow to fall.
• • Govt likely to come out with logistics cost estimate by Sept: DPIIT Official
• • India-UK FTA has to be win-win for both sides, says FICCI president
• • Twitch star signs $100 million deal with rival platform Kick
• • Dr Reddy's clears USFDA inspection for two plants
• • S&P 500 above 4,400 leaves no room for more gains: Citigroup
• *Mint*
• • Monsoon likely to reach east India next week: Skymet
• • Windfall tax on petroleum crude, ATF, diesel retained at zero.
• • PNB Housing Finance to consider raising funds of ₹5,000 cr on June.
• • RBI clarifies on HDFC Bank's commercial liabilities.
• • RBI imposes ₹20 lakh penalty on Manappuram Finance.
• • CNG truck sales see drastic fall as buyers favour diesel.
• • Patanjali eyes premium foods, to scale up dry fruit biz
• • RBI approves re-appointment of Vasudevan P N as MD, CEO of Equitas SFB
• • Govt likely to get record ₹63,000 crore dividend from listed PSUs
• • NTPC Vidyut Vyapar Nigam commissions first solar rooftop project at IIT Jodhpur
• • US inflation won't come down as quickly as markets are pricing: Goldman Sachs
• • Samvardhana Motherson to buy 100% stake in France-based Cirma Entreprise
• • US inflation won't come down as quickly as markets are pricing: Goldman Sachs
• *SGX Nifty +2 pts (18895) from last trade 18893 ,*
• Nikkei -75 pts ,
• Hangseng -57 pts ,
• Now @6.53am .
• Dow -108.94 pts ,Nsdq -93.25 pts, S&P -16.25 pts , Bovespa -462 pts , Ftse +14 pts , Dax +67 pts , Cac +97 pts , Crude @ $71.26 brl (-0.52), Brent @ $76.09 brl (-0.52) , Gold @ 1969.00 (-2.20), Silver @ $24.185 (+0.05), Euro @ $1.0938, JPY @ $141.87, INR @ 81.915
• *Today's Corporate Action*
• *19th June Ex Date*
•  
• ACGL
• Final Dividend - Rs. - 15.0000
• ASHCAP
• Bonus issue 1:2
• CRAFTSMAN
• Final Dividend - Rs. - 11.2500
• FUTSOL
• Final Dividend - Rs. - 1.0000
• HINDUNILVR
• Final Dividend - Rs. - 22.0000
• VINCOFE
• Right Issue of Equity Shares 
• *Today's Board Meetings*
• *19-Jun-23*
• CANFINHOME
• General        
• CUBEXTUB
• General        
• DLCL
• Audited Results      
• EASTWEST
• General        
• GAL
• Audited Results;General    
• GANESHBE
• General        
• KUMPFIN
• A.G.M.        
• NINSYS
• Bonus issue;Increase in Authorised Capital  
• PARSVNATH
• Audited Results;Dividend    
• REGENTRP
• General        
• ROSEMER
• General;Preferential Issue of shares;Issue Of Warrants
• SHIVAEXPO
• Audited Results      
• SPAR
• General        
• ZGOLDINV
• Audited Results;General  
•  
• *Stock under F&O ban on NSE*
• *19-Jun-23*
• 1 DELTACORP
• 2 IBULHSGFIN
• 3 IEX
• 4 INDIACEM
• 5 L&TFH
• 6 MANAPPURAM
• 7 TATACHEM
• 8 ZEEL
• *World Market*
• Dow - 109
• Nasdaq - 93
• Dax + 67
• Nikkei - 88
• Hangseng - 10
• SgxNifty - 1 (18892)
• Dowfut - 49
• Nasdaqfut + 10
• Crude Oil 75.81
• Dollar Index 101.92
• *Stocks Ban In F&O:*
• Delta Corp,
• IndiabullsHsg,
• IEX,
• India Cement,
• L&T FH,
• Manappuram,
• Tata Chem,
• Zeel
• *STOCKS TO WATCH*: SKIPPER, NEXUS SELECT, RAM RATNA WIRES, ABB INDIA, GUFIC BIOSCIENCES, ADANI ENT, KALPATARU PROJECTS, TCS
• Skipper: Co. Wins Fresh Orders Worth Rupees 1135 Crore From Domestic & International Market
• Nexus Select Trust: Co Successfully Raises Non-Convertible Debentures Of Rs. 1,000 Crores At 7.90% Coupon
• Ram Ratna Wires: Co Has Been Allotted Industrial Land Admeasuring 39,680 Square Meters At Rajasthan || JV Epavo Electricals Also Got Allotted Land For Setting Up Manufacturing Facility At Rajasthan
• ABB India: Co. Says Kanpur Metro Has Deployed Co’s Electrification Solutions For Safe, Reliabe and Quality Power Distribution
• Gufic Biosciences: Co Received Approval From National Medical Products Administration, China For Product Prilocaine (API)
• Adani Enterprises: Co Unit Signed A Share Purchase Agreement To Acquire Stark Enterprises
• Kalpataru Projects International: Board Meeting On June 21 To Consider Raising Funds Via NCDS On A Private Placement Basis
• TCS: Transamerica Cancels $2 Billion TCS Deal Ahead Of Schedule – ET
• *Stocks to Watch*
• 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).
• *Who’s Meeting Whom*
• 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
• *Pledge Share Details*
• Chambal Fertilizers: Promoter Zuari Industries created a pledge of 2 lakh shares on June 13.
• *Insider Trades*
• 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.
• *Trading Tweaks*
• Ex-Date Dividend: Craftsman Automation, Hindustan Unilever
• Ex-Date Rights Issue of Equity Shares: Vintage Coffee and Beverages
• *Money Market Update*
• Indian rupee closed 0.30% lower at 81.94 against the U.S. dollar on Friday.
• *India Daybook – Stocks in News*
• *HAL:* GE-HAL deal to pave the way for 80% transfer of technology of jet engines by value: media (Positive)
• *HDFC Bank:* Reserve Bank of allows the bank to hold Commercial Papers issued by HDFC Limited till their maturity (Positive)
• *Gufic Biosciences:* Company gets National Medical Products Administration, China approval for Prilocaine (Positive)
• *Axis cades:* Company to acquire GmBH, Germany (Positive)
• *Castrol:* Company announces alliance with Mahindra Insurance Brokers (Positive)
• *Steel companies:* India mulls imposing countervailing duty to check dumping of steel products (Positive)
• *Skipper:* Company wins fresh orders worth Rs.1135 Crores from Domestic & International Market’ (Positive)
• *ABB:* Kanpur Metro deploys ABB India’s Electrification solutions for reliable power control and distribution (Positive)
• *Wipro:* Expands its Immersive Innovation Experiences with the Launch of Energy and Utilities with Microsoft (Positive)
• *JBM Auto:* Company is top contender to acquire controlling stake in SML Isuzu: media. (Positive)
• *TVS Shrichakra:* TVS Eurogrip Tyres makes a mark at Latin Tyre & Auto Parts Expo in Panama (Positive)
• *Electronics Mart India:* Company has commenced the commercial operation of a new Exclusive Brand Outlet (Positive)
• *Dr Reddy:* USFDA completed a GMP inspection at API manufacturing facility in Bollaram, Hyderabad (Positive)
• *IKIO Lighting:* Quant Mutual Fund via Quant Quantamental Fund has acquired 6.01 lakh shares and Quant Multi Asset Fund bought 6.02 lakh shares. (Positive)
• *IIFL Finance:* DSP Mutual Fund has bought 50 lakh equity shares. (Neutral)
• *Kalpataru Projects:* Board to consider raising funds via NCDs. (Neutral)
• *PNB Housing Finance:* Board to consider raising funds worth Rs 5,000 cr (Neutral)
• *Axis Bank:* Board appoints NS Vishwanathan as Non-Executive (Part-time) Chairman for 3 years (Neutral)
• *Bharti Airtel:* Company mulls offshore bond issue to raise $1 bn. (Neutral)
• *PFC:* Incorporation of a Special Purpose Vehicle {SPY} for development of Independent Transmission Projects. (Neutral)
• *Tata Steel:* Company plans Rs 16,000 crore consolidated capex in FY24 (Neutral)
• *Oil upstream companies:* Windfall Tax on petroleum crude, ATF, Diesel, Petrol continues to be nil (Neutral)
• *Adani Enterprises:* Subsidiary has signed a Share Purchase Agreement for proposed acquisition of 100 percent stake in Stark Enterprises (Neutral)
• *Kalyan Jewellers:* Highdell Investment, owned by private equity firm Warburg Pincus, has sold partial stake in company through open market transactions (Neutral)
• *Aavas Financiers:* Foreign portfolio investor Small Cap World Fund Inc has offloaded 7.08 lakh equity shares (Negative)
• STOCKS TO WATCH: SKIPPER, NEXUS SELECT, RAM RATNA WIRES, ABB INDIA, GUFIC BIOSCIENCES, ADANI ENT, KALPATARU PROJECTS, TCS
• Skipper: Co. Wins Fresh Orders Worth Rupees 1135 Crore From Domestic & International Market
• Nexus Select Trust: Co Successfully Raises Non-Convertible Debentures Of Rs. 1,000 Crores At 7.90% Coupon
• Ram Ratna Wires: Co Has Been Allotted Industrial Land Admeasuring 39,680 Square Meters At Rajasthan || JV Epavo Electricals Also Got Allotted Land For Setting Up Manufacturing Facility At Rajasthan
• ABB India: Co. Says Kanpur Metro Has Deployed Co’s Electrification Solutions For Safe, Reliabe and Quality Power Distribution
• Gufic Biosciences: Co Received Approval From National Medical Products Administration, China For Product Prilocaine (API)
• Adani Enterprises: Co Unit Signed A Share Purchase Agreement To Acquire Stark Enterprises
• Kalpataru Projects International: Board Meeting On June 21 To Consider Raising Funds Via NCDS On A Private Placement Basis
• TCS: Transamerica Cancels $2 Billion TCS Deal Ahead Of Schedule – ET
• **Bulk Deal & Insider Trade Update**
• **Bulk Deals**
• *Kalyan Jewellers Ind Ltd : Highdell Investment Limited Sell 64102561 Shares @ Rs. 113.1
• *Iifl Finance Limited : Dsp Mutual Fund Buy 5000000 Shares @ Rs. 500
• *Iifl Finance Limited : Fih Mauritius Investments Ltd Sell 5000000 Shares @ Rs. 500
• *Kalyan Jewellers Ind Ltd : Bnp Paribas Arbitrage Buy 16799292 Shares @ Rs. 113.1
• *Piramal Pharma Limited : Caisse De Depot Et Placement Du Quebec Sell 10570466 Shares @ Rs. 94.48
• *Kalyan Jewellers Ind Ltd : Franklin Templeton Mutual Fund A/Câ Franklin India Flexi Cap Fund Buy 8654370 Shares @ Rs. 113.1
• *Kalyan Jewellers Ind Ltd : Nomura India Investment Fund Mother Fund Buy 8502316 Shares @ Rs. 113.1
• *Aavas Financiers Limited : Small Cap World Fund Inc Sell 708978 Shares @ Rs. 1350.02
• *Piramal Pharma Limited : The Vanguard Group Inc Ac Vanguard Total International Stock Index Fund Buy 6202912 Shares @ Rs. 94.71
• *Axita : Nav Capital Vcc - Nav Capital Emerging Star Fund Buy 1000000 Shares @ Rs. 27.18
• **Insider Trade**
• *Acquisition*
• * Promoter Acquisition 91845 shares of L.G.Balakrishnan & Bros.Ltd.
• * Vinod Kumar Padmanabhan Director Acquisition 1075000 shares of Subex Ltd. on 15-Jun-23
• * Promoter Group Acquisition 523918 shares of Advanced Enzyme Technologies Ltd
• * P.C.G.Asok Kumar Director Acquisition 3100 shares of Tamilnad Mercantile Bank Ltd on 09-Jun-23
• *Disposal*
• * ARJUN KARIVARDHAN Promoter Disposal 91845 shares of L.G.Balakrishnan & Bros.Ltd. on 15-Jun-23
• * Neerav Parekh Promoter Group Disposal 9572 shares of Pidilite Industries Ltd.
• * YASHODARA DEVI SHIVA RAO GHORPADE Promoter Group Disposal 1456 shares of Sandur Manganese & Iron Ores Ltd.
• * ANDRA VEETIL UNNIKRISHNAN Director Disposal 16035 shares of Steel Strips Wheels Ltd.-$ on 15-Jun-23
• * Suresh Kumar Poddar Promoter & Director Disposal 0 shares of Mayur Uniquoters Ltd.-$ on 14-Jun-23
• * Atharva Green Ecotech LLP Promoter Group Disposal 88795 shares of Advanced Enzyme Technologies Ltd on 14-Jun-23
• *Pledge*
• * Zuari Industries Limited formerly Zuari Global Limited Promoter Pledge 200000 shares of Chambal Fertilisers & Chemicals Ltd.
• *Revoke*
• * Sudhanshu Vats Director Revoke 15250 shares of Pidilite Industries Ltd. on 15-Jun-23
• **Dividend Update**
• *Automobile Corporation of Goa Ltd. Final Dividend Rs. 15 Ex Date 19-Jun-2023
• *CRAFTSMAN Final Dividend Rs. 11.25 Ex Date 19-Jun-2023
• *Futuristic Solutions Ltd. Final Dividend Rs. 1 Ex Date 19-Jun-2023
• *Hindustan Unilever Ltd. Final Dividend Rs. 22 Ex Date 19-Jun-2023
• NMDC Steel
• Govt likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace  in Chhattisgarh