PRE MARKET
Gift Nifty was trading around 23,977.50 level, a discount of nearly -12.50 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices.
US stock indexes ended higher boosted by gains in semiconductor shares.
The Dow Jones Industrial Average down -121.90 points, or -0.24%, to 51,442.80, while the S&P 500 gained 80.48 points, or 1.08%, to 7,500.58. The Nasdaq Composite ended 496.28 points, or 1.91%, higher at 26,517.93.
Asian markets traded mixed on Friday, following an overnight rally in US tech stocks. Japan’s Nikkei 225 gained 0.47%, while Topix was flat. South Korea’s Kospi rallied 2.8%, while the Kosdaq fell 0.39%. China, Hong Kong and Taiwan markets are closed for a holiday.
STOCKS IN NEWS
Reliance Industries
Reliance Industries (RIL) is set to hold its Annual General Meeting (AGM) on Friday, June 19, with investors keenly awaiting updates on the group’s new energy initiatives, developments regarding the proposed listing of Jio Platforms, and its capital deployment strategy across various businesses.
Wipro
The IT services giant announced the successful completion of a large, multi-year data center migration project for METRO AG, a leading global food wholesale company. In a separate development, the company said it will acquire an additional 20% stake in Aggne Global IT Services Private Ltd, increasing its total ownership in the firm to 80%.
Tata Motors
The domestic automobile manufacturer on Thursday entered into a Memorandum of Understanding (MoU) with the Ministry of Road Transport and Highways (MoRTH) to support the Government of India’s initiative aimed at replacing ageing trucks and buses across the Delhi-NCR region.
HDFC Bank
The Reserve Bank of India (RBI) has approved an extension of Keki Mistry’s term as interim part-time chairman of HDFC Bank, allowing him to continue in the role until September 18, 2026.
Bharat Forge
Kalyani Strategic Systems Ltd (KSSL), the defence arm of Bharat Forge Ltd., has entered into a strategic partnership with US military vehicle maker AM General. The agreement was signed at the Eurosatory defence exhibition held in Paris.
Infosys
The American Depository Receipts (ADRs) of Infosys witnessed sharp selling pressure on Thursday after Accenture trimmed its annual revenue growth forecast. Infosys ADRs dropped more than 7% on 18 June.
Source: Moneycontrol, Mint
