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Buyers and sellers were not immediately known
Source: Bloomberg
RITES' Rs 466 crore initial public offer was subscribed 15.6 times as of 2:30 PM on the final day of subscription.
Source: Company PR
Iran Oil Minister says:
Saudi Oil Minister says:
Indian equity benchmarks rose to intraday highs led by pharma, financial services and FMCG shares.
The S&P BSE Sensex rose 0.57 percent or 204 points to 35,636 and the NSE Nifty 50 index climbed 0.6 percent or 64 points to 10,806.
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The Rs 600-crore initial public offering of Fine Organic Industries was fully subscribed on the last day of bidding. The IPO was subscribed 1.02 times till 12:45 PM.
Source: Company PR
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Shares of the Mumbai-based hotel chain operator fell as much as 1.67 percent to Rs 17.70 after it defaulted on interest payment of Rs 2.12 crore on bonds issued to LIC in 2008.
The company's operating cash flows are not sufficient to service its term loans and bonds, Hotel Leela said in an exchange notification.
Buyers and sellers were not immediately known
Source: Bloomberg
Sridhar Sivaram investment director at Enam Holdings told BloombergQuint that 2018 is the year for capital protection and building portfolios for 2019 and 2020.
Key highlights of the conversation:
Shares of the Bengaluru-based drugmaker rose as much as 5.2 percent to Rs 1,420 after it got approval from drug authorities to import and market Durvalumab (ImfinziTM) in India.
Durvalumab provides a treatment to patient with locally advanced, unresectable Non-Small Cell Lung Cancer (NSCLC) and metastatic urothelial carcinoma, the company said in an exchange notification.
Shares of the debt-ridden textile manufacturer rose 5 percent to Rs 3.15 after the committee of creditors for Alok Industries approved a joint resolution plan submitted by Reliance Industries and JM Financial Asset Reconstruction company, according to two people in the know of the matter.
Shares of the Mumbai-based construction company turned flat after staging a sudden spurt of 10 percent as it won construction order worth over Rs 11,000 crore.
A consortium of Capacit'e Infraprojects, Tata Projects and CITIC Construction received the letter of acceptance from Mumbai Housing and Area Development (MHADA) for total contract value of Rs 11,744 crore for redevelopment of BDD chawls in Mumbai, the company said in an exchange notification.
Capacit'e Infraprojects' share in the consortium stands at 37.1 percent worth Rs 4,357.12 crore, the notification added.
Shares of the Delhi-based healthcare products maker rose as much as 13.78 percent, the most in over two months, to Rs 217.50 after it agreed to acquire majority stake in Italian medical device maker.
Poly Medicure has entered into an agreement with Plan 1 Health S.R.L to buy its 82 percent stake in Plan 1’s infusion and vascular access business, the company said in an exchange filing without giving financial cost of the acquisition.
Shares of the Gurugram-based heating and ventilation equipment maker rose as much as 2 percent to Rs 983.20 after Angel Broking initiated coverage on the stock with a buy for target price of Rs 1,272.
Angel Broking in a note said:
Shares of the Bhopal-based alcohol beverages maker rose as much as 5.42 percent, the most in over two weeks, to Rs 255 after its arm got approval for manufacturing IMFL.
Som Distilleries' subsidiary Woodpecker Distilleries & Breweries got approval for manufacturing Indian Made Foreign Liquor (IMFL) from its Hassan unit in Karnataka. It expects to start commercial production of IMFL from next month, the company said in an exchange filing.
Indian sovereign bonds are headed for their best week in 11 helped by the central bank's open market operation and the minutes of its last meeting which signaled that future rate hikes will be data dependent.
A section of the market too is saying that investors shouldn’t wish for rate hikes on their own and wait for the data. Investors will also watch out for the Rs 12,000 crore of bond auction later in the day. Yield on the 10-year note to stay in a range of 7.72-7.80 percent.
In the currency market, implied opening from the forwards suggest the pair may start trading at 67.85. Asia markets are in the red though the closely tracked South Korean won is up 0.2 percent. Traders expect a range of 67.70-68.10 a dollar in the day.
Motilal Oswal on ICICI Prudential
Angel Broking on Amber Enterprises
Goldman Sachs on ICICI Bank
Jefferies on Tata Steel
Axis Cap on Shoppers Stop
HSBC on Alkem Labs
IIFL on Gujarat Gas
IDFC on Cipla
Who’s Meeting Whom
Insider Trades
(As reported on June 21)
Adani Ports
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F&O Cues
IOC cuts petrol prices, diesel prices remain unchanged. ⛽️https://t.co/9Jp9W6OsB7 pic.twitter.com/IwLASBmmHt
— BloombergQuint (@BloombergQuint) June 22, 2018
FIFA WC 2018: Classy Croatia Rout Argentina to Reach Second Round
India hits back at the U.S. with retaliatory tariffs effective from August 4. pic.twitter.com/yPOtwDYtEN
— BloombergQuint (@BloombergQuint) June 21, 2018
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