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PRE-MARKET REPORT
The domestic stock market benchmark indices, Sensex and Nifty 50, are expected to open on a tepid note on Friday following weak global market cues.
Gift Nifty was trading around 23,595 level, a premium of nearly 10 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
The US stock market ended mixed on Thursday with the Nasdaq ending a seven-session streak of record closing highs.
The Dow Jones Industrial Average rallied 299.90 points, or 0.77%, to 39,134.76, while the S&P 500 declined 13.86 points, or 0.25%, to 5,473.17. The Nasdaq Composite closed 140.64 points, or 0.79%, lower at 17,721.59.
Asian markets traded mixed after Japan’s May core inflation data was cooler than expected.
Japan’s Nikkei 225 was flat, while the Topix rose 0.52%. South Korea’s Kospi fell 0.44%, and the Kosdaq declined 0.5%. Hong Kong Hang Seng index futures indicated a lower opening.
STOCKS TODAY
Medplus: Optival Health Solutions Private Limited, a subsidiary of Medplus, received a one-day suspension order for its drug license for a store situated at Sarjapura, Karnataka. The suspension could lead to a potential revenue loss of Rs 1.39 lakhs.
Ramco Cements: The company’s appeal before the Appellate Authority, Joint Commissioner State Tax GST Appeals was successful. The Appellate Authority has set aside the order and allowed the company consequential benefits per the law.
Tube Investments: TL Clean Mobility Private Limited, a subsidiary of the company, has allotted 3.1 crore Series A3 compulsorily convertible preference shares and 50 equity shares to Luxembourg Specialist Investment Fund FCP-RAIF.
Blue Dart: Shares of Blue Dart Express surged up to 2.5 percent to Rs 8,049 apiece on June 20 after the company launched drone deliveries in collaboration with Skye Air. In an exchange filing, the company said that this move marked a significant advancement towards cleaner and more efficient delivery solutions. It is set to revolutionize last-mile delivery by offering same-day delivery for shipments, significantly reducing delivery time, and environmental impact.
Rashtriya Chemicals: Rashtriya Chemicals and Fertilisers shares jumped 20 percent to hit its upper circuit as shares worth Rs 257 crore changed hands on June 20. Around 1.2 crore shares or 2.1 percent equity was exchanged in a block deal, at an average price of Rs 221 per share.
Suzlon Energy: Suzlon shares hit the upper circuit in the morning trade on June 20, after shares worth Rs 179 crore changed hands in a block deal. Around 0.3 percent equity or 3.7 crore shares of the wind energy player were exchanged, according to data on the exchanges.