30 June
BSE CLOSED @ 52482.71 ❌ 66.95 Points
NSE CLOSED @ 15721.50 ❌ 26.95 Points
BankNifty Closed 34772.20 ❌ 238.10 Points
India VIX Closed 13.0450 ✅ 0.0425 Points.
June Month
BSE CLOSED @ 52482.71 ✅ 545.27 Points
NSE CLOSED @ 15721.50 ✅ 138.70 Points
BankNifty Closed 34772.20 ❌ 754.45 Points
India VIX Closed 13.0450 ❌ 3.8400 Points.
Stocks To Watch
Cipla, Dr. Reddy’s Laboratories, Emcure Pharmaceuticals, Sun Pharmaceutical Industries and Torrent Pharmaceuticals will collaborate for clinical trial of investigational anti-viral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting. The companies will jointly sponsor, supervise and monitor the clinical trial in India; trial expected to take place between June and September this year across the country with the recruitment of 1,200 patients.
AstraZeneca Pharma India: Told to pay Rs 157 crore by National Pharmaceutical Pricing Authority. NPPA issued the demand notice to AstraZeneca India alleging the company overcharged the same amount in the sale of Tagrisso tablets from March 8, 2019 to January 31, 2021. AstraZeneca said it has followed all applicable laws related to pricing of its product. The drugmaker has filed a petition in Delhi high court challenging the NPPA notice.
Reliance Industries: Has partnered with Abu Dhabi National Oil Company to set up a new petrochemical complex in Ruwais, Abu Dhabi. This will be a new chlor-alkali, ethylene dichloride and polyvinyl chloride production facility. The project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ. Under the terms of the agreement, this integrated plant will have a capacity to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually.
Cipla: Is supporting Moderna Inc. with the regulatory approval and importation of vaccines to be donated to India. At this stage, there is no definitive agreement on commercial supplies.
Bharti Airtel: Bharti Global to invest additional $500 million in OneWeb, a U.K.-based satellite start-up. Bharti Global will become the biggest shareholder in OneWeb following the investment, according to a Financial Times report. Bharti’s stake now stands at almost 39%; U.K. government, Eutelsat and SoftBank each hold slightly over 19% in the company.
Induslnd Bank: Sold 70.67 lakh equity shares of McLeod Russel India on June 28.
Coal India: To create carbon offset of around 2.5 lakh tonnes in next five years. It aims to achieve carbon offset of more than 60,000 tonnes by end of this year. In a bid to reduce carbon footprint in its operational area, Coal India has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal-producing companies.
CG Power and Industrial Solutions: CBI has registered an FIR against the company, its erstwhile promoters and some of the past directors/officials. The FIR is based on a complaint filed by State Bank of India on behalf of all the former lenders of the company. The company is extending full support and co-operation to CBI, it said in an exchange filing.
Isgec Heavy Engineering: Received an order for Wet Limestone Flue Gas Desulphurisation System and Flue Gas Conditioning System Package from Odisha Power Generation Corporation for their Thermal Power Station at Banharpalli.
DCM Shriram Industries: Approved sub-division of existing one share of face value of Rs 10 each into five shares of face value of Rs 2 each. This is being done to improve the liquidity of the company's shares on the stock market and to make the same available to small investors.
NBCC (India): Has been awarded the work order for engagement as Project Management Consultant for undertaking various civil works of Odisha Hydro Power Corporation.
Earnings: SpiceJet, Vodafone Idea, Balu Forge Industries, Anant Raj, BF Utilities, Cerebra Integrated Technologies, Coffee Day Enterprises, Dish TV India, IRCON International, Sadbhav Engineering, Srei Infrastructure Finance, Sequent Scientific, Jain Irrigation Systems, Rajesh Exports
Offerings
GR Infraprojects IPO open for sale on July 7, closes July 9
Stocks in News
Vindhya Telelinks: The company reported higher consolidated profit at Rs 116.04 crore in Q4FY21 against Rs 38.26 crore in Q4FY20, revenue jumped to Rs 556.56 crore from Rs 459.08 crore YoY.
Shriram EPC: The company reported consolidated loss at Rs 35.78 crore in Q4FY21 against loss Rs 91.08 crore in Q4FY20, revenue fell to Rs 177.51 crore from Rs 184 crore YoY.
Gujarat Sidhee Cement: The company reported higher consolidated profit at Rs 20.79 crore in Q4FY21 against Rs 16.27 crore in Q4FY20, revenue rose to Rs 194.41 crore from Rs 165.48 crore YoY.
HUDCO: The company reported higher consolidated profit at Rs 526.28 crore in Q4FY21 against Rs 440.91 crore in Q4FY20, revenue fell to Rs 1,759.38 crore from Rs 1,888.49 crore YoY.
Uflex: The company will double aspectic packaging capacity to 7 billion packs per annum by March 2022 and will invest Rs 120 crore for the proposed expansion.
Tata Coffee: ICRA has upgraded the long term rating to AA+/Stable from AA/Stable, and re-affirmed the short term rating at A1+.
Burger King India: To meet Aditya Birla Sun Life MF, Dymon Asia Capital (Singapore), Franklin Resources Inc, Manulife Investment Management (US) LLC, Nippon Life Insurance Company, and Valiant Capital Management, L.P. on June 30.
Macrotech Developers: To meet investors/analysts at CLSA's India Real Estate Virtual Access Day on June 30.
Dixon Technologies (India): To meet GIC on June 30.
Hindalco Industries: To meet Kotak Mahindra Asset Management on June 30.
Indraprastha Gas: To meet analysts/institutional investors in an investor conference organized by UBS Securities India on June 30.
NBCC (India): To meet analysts/investors on June 30.
Punjab Chemicals & Crop Protection: To meet HDFC Securities, Anand Rathi, Alpha Invesco, Sharekhan, and UTI MF on June 30.
Sequent Scientific: To meet analysts/investors on July 1.
Mahindra Logistics: To meet Nikko Asset Management on July 1, and Ashmore Investments Management on July 2.
Mahindra Lifespace Developers: To meet investors/analysts at CLSA's 'India Real Estate Virtual Access Day' on July 1.
Today's Corporate Action 30th Jun Ex Date
HDFCLIFE Final Dividend - Rs. - 2.0200
VAIBHAVGBL Final Dividend - Rs. - 1.5000
Today's Key Results/Board Meetings/Analyst 30-Jun-21
Results on June 30: More than 900 companies will release their quarterly earnings on June 30 including SpiceJet, Vodafone Idea, Alankit, Anant Raj, Archies, BF Utilities, BGR Energy Systems, Binani Industries, Dish TV India, Emami Realty, Fiem Industries, GM Polyplast, Indowind Energy, IRCON International, IVRCL, Liberty Shoes, McNally Bharat Engineering, MEP Infrastructure Developers, Ortel Communications, Sadbhav Engineering, Sanwaria Consumer, Sequent Scientific, Simbhaoli Sugars, Simplex Infrastructures, SREI Infrastructure Finance, Ucal Fuel Systems, Vikas EcoTech, VIP Clothing, Zenith Exports, and Zodiac Clothing.
Here are some events to watch in the markets this week:
OECD meets in Paris to finalize a proposal to overhaul global minimum corporate taxation Wednesday
China’s President Xi Jinping will deliver a speech as the nation marks the 100th anniversary of the founding of the Chinese Communist Party Thursday
OPEC+ ministerial meeting Thursday
ECB President Christine Lagarde speaks Friday
The U.S. jobs report is due Friday
These are some of the main moves in markets:
Stocks
The S&P 500 was little changed as of 4 p.m. New York time
The Nasdaq 100 rose 0.3%
The Dow Jones Industrial Average was little changed
The MSCI World index was little changed
Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro fell 0.2% to $1.1902
The British pound fell 0.2% to $1.3850
The Japanese yen was little changed at 110.55 per dollar
Bonds
The yield on 10-year Treasuries was little changed at 1.47%
Germany’s 10-year yield advanced two basis points to -0.17%
Britain’s 10-year yield advanced two basis points to 0.74%
Commodities
West Texas Intermediate crude rose 0.7% to $73.42 a barrel
Gold futures fell 1.1% to $1,761.70 an ounce
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