Market will open on a negative side today after a volatile session yesterday.
Asian markets mixed Friday and a global bond rally extended amid ongoing concern that trade frictions may jeopardise global economic growth.
U.S. equities halted a two-day slide while Treasuries rose as investors assessed the likelihood for interest-rate cuts.
Nifty forms a Hammer pattern on the daily chart yesterday. It signalled a buying support around the day's low.
🎯 News & Impact 🎯
🎯 Wockhardt :
Company received zero Form 483 observation from the U.S. FDA after it had carried inspection of Bioequivalence Centre in Aurangabad, during which Tamsulosin and Metoprolol drugs were audited.
Negative for the stock.
🎯 Indiabulls Housing Finance
Company said that it has made timely payment of interest of NCDs whose due date falls on June 14.
Positive for the stock. 👍
🎯 Thyrocare Technologies :
Board to decide on separating arm Nuclear Healthcare after valuation report obtained from a merchant banker. On May 18, the auditors had pointed the impairment of the aforesaid arm. Company’s Chairman and Managing Director Dr. A. Velumani offered to buy the entire shareholding of the this at current investment value of Rs 194.67 crore to ensure that no loss is done to public shareholders.
Positive for the stock. 👍
🎯 Union Bank :
Bank executed an agreement to sell 10 lakh shares of National Payment Corporation of India for Rs.74 crore.
🎯 Intellect Design Arena :
Company sold its arm ‘SFL Properties’ for Rs.20.5 crore.
🎯 Olectra Greentech :
Company promoter Trinity Infraventure revoked pledge of 1.2 lakh shares on June 11.
Positive for the stock. 👍
🎯 JSW Steel :
Company promoters created pledge of 19.2 lakh shares from June 7-10.
Negative for the stock.
🎯 Adani Ports :
Company promoter Adani Tradeline LLP revoked pledge of 8.44 lakh shares and promoter Gautam Adani released pledge of 1.28 crore shares from June 11-12.
Positive for the stock. 👍
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