Stock Market Today: All You Need To Know Going Into Trade On June 1

Stocks in Asia rose on Wednesday, while U.S. futures advanced and bond yields gained amid concerns over aggressive monetary tightening.

Shares were higher in Japan and Australia. S&P 500 and Nasdaq 100 futures gained. The Nasdaq 100 fell for the fourth month in five.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.72% to 16,440 points as of 6:40 am.

Oil rose above $115 a barrel ahead of a meeting of ministers from the group on Thursday to discuss its supply policy for July.

Stocks To Watch

• Vodafone Idea: The company denied media reports that said it is in talks with Amazon and other investors to raise Rs 20,000 crore.

• HFCL: The company has received order worth Rs 237.25 crore from a domestic private telecom operator for supply of optical fibre cables.

• Rail Vikas Nigam: The Northeast Frontier Railway has awarned RVNL-Bhartia a contract for the construction of single-line BG tunnel at an estimated project cost of Rs 560 crore.

• Bharat Dynamics: The company has signed a contract worth Rs 2,971 crore with the Ministry of Defence to supply ASTRA MK-I Beyond Visual Range Air to Air Missile and associated equipment to the Indian Air Force and Indian Navy.

• Bank of Baroda: The lender has revised its dividend payout to Rs 2.85 per share of face value of Rs 2 each.

• Asian Granito: The income tax department carried out searches at various locations of the company from May 26-31.

• Somany Ceramics: Chief Financial Officer Saikat Mukhopadhyay has resigned with effect from May 31.

• Bata India: To sell 2.8% stake at floor price of Rs 1,750 (7% discount).

Pledged Shares Details

• Chambal Fertilisers Chemicals: Promoter Zuari Global created a pledge of 12.65 lakh shares between May 26 and May 27.

Insider Trades

• Chambal Fertilisers & Chemicals: Promoter SIL Investments bought 20,000 shares on May 27.

• Maharashtra Scooters: Promoter Group Bachhraj Factories bought 1,177 shares between May 26 and May 27.

• CEAT: Promoter Instant Holdings bought 20,000 shares between May 26 and May 27. Promoter Summit Securities bought 10,000 shares between May 26 and May 27. Promoter Group STEL Holdings bought 9,400 shares on May 30.

• Usha Martin: Promoter Peterhouse Investments sold 1.17 lakh shares between May 26 and May 30.

• Manappuram Finance: Promoter & Director Nandakumar VP bought 1.09 lakh shares on May 30.

• Zydus Wellness: Promoter Zydus Family Trust bought 47,396 shares on May 30.

• Geojit Financial Services: Promoter BNP Paribas SA sold 1.35 lakh shares between May 24 and May 27.

• Shriram City Union Finance: Promoter Group Shriram Value Services bought 10,500 shares between May 26 and May 27.

• Orient Cement: Promoter Central India Industries bought 1000 shares and Promoter Shekhavati Investments and Traders bought 5,019 shares each on May 30.

Bulk Deals

• Mold-Tek Packaging: EAM Long-Only Emerging Markets Master Fund bought 2.5 lakh (0.75%) shares at Rs 735 apiece.

Block Deals

• NXTDigital: Hinduja Group bought 7 lakh (2.08%) shares at Rs 370 apiece. Aasia Corporation LLP sold 7 lakh (2.08%) shares at Rs 370 apiece.

Who's Meeting Whom

• DCM Shriram: To meet UTI Mutual Fund, ICICI Mutual Fund and Nippon India Mutual Fund on June 1.

• Hikal: To meet investors and analysts on June 3.

• Max Financial Services: To meet Aditya Birla Sunlife Mutual Fund, Canara Robeco Mutual Fund, ICICI Prudential Mutual Fund and Union Mutual Fund on June 3.

• CSL Finance: To meet investors and analysts on June 3.

• Pearl Global: To meet investors and analysts on June 1.

• DiGiSPICE Technologies: To meet investors and analysts on June 3.

• Medplus Health Services: To meet SBI Mutual Fund and Kotak Mutual Fund on June 2 and Motilal Oswal Mutual Fund, ICICI Prudential Mutual Fund and ICICI Prudential Mutual Fund on June 3.

• Vakrangee: To meet investors and analysts on June 2.

• Lakshmi Machine Works: To meet HDFC Mutual Fund and SBI Mutual Fund on June 2.

• VIP Industries: To meet Aditya Birla Sunlife Mutual Fund, LIC Nomura MF and PGIM India Mutual Fund on June 9.

• KPI Green Energy: To meet investors and analysts on June 2.

• Emami: To meet investors and analysts on June 1.

• Jubilant Pharmova: To meet investors and analysts on June 1.

Trading Tweaks

• Record-Date Dividend: HDFC, HDFC Life Insurance

• Record-Date AGM/Dividend: Infosys, GTPL Hathway, Linde India

• Ex-Date Interim Dividend: IIFL Wealth Management

• Ex-Date Buyback: Zydus Lifesciences

• Ex-Date Special Dividend: Linde India

• Record-Date Income Distribution: Powergrid

• Moved Into Short-Term ASM Framework: Banco Products (India)

• Moved Out Of Short-Term ASM Framework: JK Lakshmi Cement, Welspun Corp

Money Market Update

The rupee ended at Rs 77.63 against the U.S. Dollar on Tuesday as compared to Monday's closing of 77.54

F&O Cues

• Nifty June futures ended at 16,570.05, a discount of 14.5 points.

• Nifty June futures shed 9.17% and 21,022 shares in Open Interest.

• Nifty Bank June futures ended at 35,405, a discount of 82.4 points.

• Nifty Bank June futures added 3.57% and 3,340 shares in Open Interest.