Stocks in Asia fell after a robust U.S. jobs heightened chances for the Federal Reserve to maintain an assertive stance on inflation and rise in oil prices.
Equities declined in Japan and Australia. US futures were volatile after the S&P 500 retreated for an eighth week in nine.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.55 to 16,498 points as of 7:15 am.
Elsewhere, crude oil rose past $120 a barrel as shortage worries persist.
Stocks To Watch
Adani Transmission: The company will acquire Essar's Mahan-Sipat transmission project for Rs 1,913 crore. The 673 circuit kilometers operational 400 KV inter-state transmission line links Mahan in Madhya Pradesh to Sipat in Chhattisgarh state. ATL will reach 19,468 circuit kilometres, including 14,952 circuit kilometres of operational lines, after the deal is completed.
NTPC: The company has signed a memorandum of understanding with MECON for consultancy and project management services for its coal mines.
Punjab & Sind Bank: The Reserve Bank of India imposed a monetary penalty of Rs 27.5 lakh for violation of RBI's External Benchmark Based Lending directions.
Hemisphere Properties: The company has invited Expression of Interest for Farm House Plots on land parcel of Company located in Chattarpur, New Delhi.
PNB Gilts: Chairman Swarup Kumar Saha has resigned with immediate effect.
Reliance Infrastructure: The company approved raising of $500 million (Rs 3,884 crore) via foreign currency convertible bonds.
Poonawalla Fincorp: SEBI found that Managing Director Abhay Bhatuda had not communicated Unpublished Price Sensitive Information and hence the interim and confirmatory orders was revoked.
Pledged Shares Details
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 4.21 lakh shares on June 1.
Steel Strips Wheels: Promoter & Director Dheeraj Garg revoked a pledge of 1.87 lakh shares on June 2.
Emami: Promoter Group Suraj Finvest created a pledge of 10.6 lakh shares on June 1.
Insider Trades
Mukand: Promoter Group bought 12,500 shares between May 30 and May 31.
Sandur Manganese & Iron Ores: Promoter Group sold 785 shares on May 31.
Gufic Biosciences: Promoter & Director Jayesh Choksi sold 4.68 lakh shares on June 2.
Manappuram Finance: Promoter & Director Nandakumar VP bought 1.03 lakh shares on June 2.
Geojit Financial Services: Promoter BNP Paribas SA sold 5.2 lakh shares between June 1 and June 2.
Trading Tweaks
Price Band Revised From 20% To 10%: Raymond
Ex-Date Interim Dividend: MM Forgings, Aurobindo Pharma, INEOS Styrolution India
Ex-Date Bonus Issue: Varun Beverages
Ex-Date Annual General Meeting/Dividend: Rallis India, Apcotex Industries
Record Date Final Dividend, Special Dividend: Torrent Pharmaceuticals
Ex-Date Amalgamation: Gallantt Ispat
Move Into Short-Term ASM Framework: Fine Organic Industries, Everest Kanto Cylinder, Elgi Equipments
Move Out Of Short-Term ASM Framework: Equitas Small Finance Bank, Rupa & Company
Money Market Update
The rupee ended at Rs 77.63 against the U.S. Dollar on Friday as compared to Thursday's closing of 77.61.
F&O Cues
Nifty June futures ended at 16,601, a premium of 16.7 points.
Nifty June futures shed 6% and 12,870 shares in Open Interest.
Nifty Bank June futures ended at 35,361, a premium of 85.95 points.
Nifty Bank June futures added 4.44% and 4,146 shares in Open Interest.
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