Markets in Japan gave up some part of their Tuesday's 4% surge while benchmarks in South Korea too are retreating. Markets in Australia trade with gains.
Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected.
After coming in at 16th spot in 2019, India has dropped out of Kearney's 2020 Foreign Direct Investment Confidence Index.
A Sebi panel on Tuesday suggested measures to strengthen markets watchdog's enforcement mechanism and improve the system of recovery of siphoned off money.
Pidilite Industries, Indraprastha Gas, Muthoot Finance, REC and more will declare their Q results today.
Nifty has a upport at around 9700 and resistance at 10000 mark going ahead.
🎯 News & Impact 🎯
Banking Stocks could be in focus today ahead of Supreme Court hearing on loan moratorium interest waiver on June 17.
🎯 HPCL Q4FY20 :
Revenue down 6.5% to Rs 66,154 crore.
Net profit down 96.4% to Rs 26.8 crore.
Ebitda loss of Rs 706.7 crore from Ebitda gain of Rs 1,863.4 crore.
Exceptional loss of Rs 1,002.9 crore this quarter due to write-down of inventories.
Negative for the stock.
🎯 NMDC Q4FY20 :
Revenue down 12.5% to Rs 3,187.3 crore.
Net profit down 75.8% to Rs 351.2 crore.
Ebitda down 28.7% to Rs 1,492 crore.
Ebitda margin narrows to 46.8% from 57.4%
Rs 771.3 crore paid as tax for earlier years which impacted net profit.
🎯 Navin Fluorine Q4FY20 :
Revenue up 9.5% to Rs 276.6 crore.
Net profit rises 7.7 times to Rs 272.7 crore.
Ebitda up 33.3% to Rs 68.8 crore.
Ebitda margin widens to 24.9% from 20.4%.
Positive for the stock. 👍
🎯 Bank of Maharashtra Q4 :
Profit at Rs 57.57 cr versus Rs 72.38 cr, revenue at Rs 1,022.5 cr versus Rs 999.93 cr YoY.
🎯 HDFC AMC :
Promoter Standard Life to sell 60 lakh shares or 2.82% stake via Offer for Sale (OFS) at Rs. 2362 per share.
🎯 Aarti Drugs :
PTI reports that India may impose anti-dumping duty on Chinese anti-bacterial drug Ciprofloxacin Hydrochloride with a view to guard domestic industry from cheap imports.
Positive for the stock.
🎯 Wipro :
Has partnered with DocMagic for digital mortgage solutions.
🎯 Panacea Biotec :
Board approved setting up a joint venture with U.S. based Refana for development, manufacturing and distribution of the Covid-19 vaccine.
🎯 Yes Bank :
The bank is considering a follow on public offer (FPO) to raise funds via equity.
Positive for the stock. 👍
🎯 Adani Ports :
Promoter SB Adani Family Trust revoked pledge on 43 lakh shares on June 15.
Positive for the stock. 👍
🎯 Nesco:
Promoter Patel Consultancy acquired 12,500 shares on June 15.
Positive for the stock. 👍
🎯 Waterbase: Promoter KCT Management acquired 1.03 lakh shares on June 12.
Positive for the stock. 👍
🎯 Bajaj Auto :
Promoter Deepa Bajaj acquired 25,000 shares between June 10-12.
Positive for the stock. 👍
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Edited by Sharp.
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