Gift Nifty indicates a positive start for the Indian market; US Market also ended with gain; Asian market started higher following the Wall Street

PRE MARKET

Gift Nifty indicates a positive start for the broader index in India, with a gain of 66 points or 0.26 percent. The Nifty futures were trading aroundthe 25,247.50 level.

Investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year.

The S&P 500 climbed 0.09% to end the session at 6,005.88 points. The Nasdaq gained 0.31% to 19,591.24 points, while the Dow Jones Industrial Average ended essentially unchanged at 42,761.76 points.

Asian shares edged up, buoyed by expectations about the US-China trade talks as officials struck a positive tone after the first day of negotiations.

Japan’s Nikkei went up almost 1 percent, Hong Kong’s Hang Seng and the Taiwanese index increased 0.07 and 1.40 percent, respectively.

STOCKS TODAY

Premier Energies

South Asia Growth Fund II Holdings is likely to sell 2.5 crore equity shares (representing 5.5% of the paid-up equity) of the company via block deals. The floor price for the sale may be set at Rs 1,051.50 per share.

Capri Global Capital

The company has opened its Qualified Institutions Placement (QIP) issue for subscription on June 9, with a floor price of Rs 153.93 per share. According to CNBC-TV18, quoting sources, the size of the QIP may be up to Rs 2,000 crore, including an upsized option of Rs 500 crore.

RITES

The company has received a Letter of Acceptance (LOA) for contracts worth $2.9 million from the Ministry of Public Works, the Co-operative Republic of Guyana. The contracts include construction supervision for the extension of the East Bank–East Coast Road Project Phase 2 (Eccles to Providence), along with additional work for the existing assignment from the Ministry of Public Works.

Jana Small Finance Bank

Jana Small Finance Bank has applied to the Reserve Bank of India (RBI), seeking approval for its voluntary transition from a small finance bank to a universal bank.

Veedol Corporation

Promoter Andrew Yule and Company will sell up to a 2% stake (or 3.48 lakh shares) in Veedol Corporation via offer-for-sale (OFS) on June 10-11. The OFS opened for non-retail investors on June 10 and will open for retail investors on June 11. The floor price has been fixed at Rs 1,566 per share.

Source – Moneycontrol