Market will open on a positive note today.
Stocks were mixed in Asia Today, as enthusiasm over the U.S.-China trade truce proved short-lived amid a disappointing set of economic data.
U.S. stocks rallied to all-time highs after a trade truce with China, though finished well off highs of the day as measures of manufacturing activity showed growth slowing in the world’s largest economy.
On the macro front, eight core sector industries recorded a growth of 5.1 % in May on the back of healthy output in steel and electricity. The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity - grew by 4.1 % in May last year.
Nifty has formed a small bullish candle on the daily chart yesterday. 11960 can be considered as a crucial resistance in this week of expectations from the budget.
🎯 News & Impact 🎯
June Auto Sales (YoY) :
🎯 Tata Motors :
Down 14 % to 49,073 units. Commercial vehicles sales down 7 % to 35,722 units. Passenger vehicles sales down 27 % to 13,351 units.
🎯 Hero MotoCorp :
Total sales down 12 % at 6.16 lakh units.
🎯 Eicher Motors :
Total sales down 22 % to 58,339 units.
🎯 TVS Motor :
Total sales down 5 % at 2.97 lakh units. Exports up 6 % to 69,900 units.
🎯 SML Isuzu :
Total sales down 22.4 % to 1,214 units.
🎯 Sadbhav Infrastructure Projects :
Board approved the sale of entire stake in 9 SPV comprising of seven toll road infra assets, two annuity infra assets to lndlnfravit Trust at deal valued at Rs 6,611.2 crore.
🎯 Cox & Kings :
defaulted a payment of Rs 50 crore of Commercial Papers.
🎯 Mangalore Refinery and Petrochemicals :
Company said that the water supply resumed in stages from June 6 onwards and refinery units have been restarted.
🎯 Prakash Industries :
Company received a grant of surface right permission to open iron ore mine in Odisha.
🎯 IL&FS Transportation Networks :
Company defaulted in payments to investors aggregating to Rs.24.4 crore.
🎯 Cochin Shipyard, Garden Reach Shipbuilders & Engineers :
Government of India issued tenders for Rs.15,000 crore on warship building.
🎯 Nitin Spinners :
Company said that commercial production on spinning and weaving units in Rajasthan have commenced operations and erection of processing unit is in progress as per schedule.
🎯 Rallis India :
Company received a letter on June 29 from Gujarat Pollution Control Board directing the company to suspend one of its operation in Dahej following safety incident at an effluent treatment plant,
🎯 MOIL :
Company increased the price of Silico Manganese Grade by 5 %.
🎯 HCL Technologies :
Company has completed the acquisition of select IBM products with effect from June 30.
🎯 Sobha :
L&T Mutual Fund increased its stake in the company to 5.08 %.
🎯 Gujarat Industries Power :
Company has issued Letter of Intent to Tata Power Solar Systems for EPC projects.
🎯 Indo Amines :
Board approved acquiring 60 % stake in Ashok Surfactants.
🎯 Shree Rama Newsprint :
Company commissioned and commenced the commercial production from its packaged water bottling plant.
🎯 Coal India :
Coal production in June rose 0.5 % to 45.08 million tonne.
🎯 Sun Pharma :
Company promoter Shanghvi Finance created pledge of 68.5 lakh shares on June 24.
🎯 Coffee Day Enterprises :
Company promoter VG Siddhartha created pledge of 29.27 lakh shares on June 25.
🎯 Emami :
Company promoters released pledge of 96.73 lakh shares on June 28.
🎯 Surya Roshni :
Company promoters created pledge of 42 lakh shares and revoked pledge of 35 lakh shares from June 26-28.
🎯 Adani Ports & SEZ :
Company promoter Gautam Adani created pledge of 4.4 lakh shares on June 24.
🎯 Hubtown :
Company promoter Hemant Shah revoked pledge of three lakh shares on June 28.
🎯 Adani Enterprises :
Company promoter Gautam Adani created pledge of 6.3 lakh shares on June 24.
🎯 Adani Transmission :
Company promoters created pledge of 4.7 crore shares from June 24-27.
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Edited by Sharp.
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