Trade Setup: Top 15 things to know before market opens on June 28, 2022

Indian equity
benchmarks extended their rally for the third straight session on Monday, as
buoyancy across the global markets boosted sentiment. Key indices made gap-up
opening, as sentiments got a boost with Commerce and Industry Minister Piyush
Goyal’s statement that India is one of the fastest-growing economies in the
world and it is expected to reach $30 trillion in the coming 30 years.

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The Nifty50 has formed a
reasonable negative candle on the daily chart, taking out the crucial
resistance level of 15,800, according to Nagaraj Shetti, Technical Research
Analyst at HDFC Securities. However, he doubts the 50-scrip index could sustain
above the 15,800 mark for a long period.

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Indian Indices

Sensex rose 433.30 points or 0.82% to 53,161.928 and the
Nifty was up by 132.80 points or 0.85% to 15,832.05 in the previous session. Sensex
touched high and low of 52,509.50 and 53,120.79, respectively. There were 27
stocks advancing against 3 stock declining on the index. Nifty traded in a
range of 15,927.45 and 15,815.50. There were 38 stocks advancing against 11
stocks declining on the index while 1 stock remain unchanged.

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Broader Indices

The broader indices ended in green with the BSE Mid cap
index rising 0.87%, while the Small cap index was up by 1.57%. On the sectoral
front, Capital Goods was up by 2.26%, IT up by 2.02%, TECK up by 1.84%, Metal
up by 1.81%, and Basic Materials up by 1.65%, while there were no losing
sectoral indices on the BSE.

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India VIX Index

Nifty or India VIX, a
gauge of the market’s expectation of volatility over the near term, rose 2.21%
to 21.00 on Monday.

SGX Nifty

The trends on SGX Nifty indicate
a positive opening for the index in India with a 47 points gain. The Nifty futures were trading
at 15,824.00 on the Singaporean Exchange
around 06:45 hours IST.

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Support and
Resistance levels

The
key support level for the Nifty is placed at 15,789, followed by 15,746. If the
index moves up, the key resistance levels to watch out for are 15,901 and
15,970, according to pivot charts.

US Markets

The S&P 500 fell 11.63 points, or 0.3%, to 3,900.11.

The Dow Jones Industrial Average fell 62.42 points, or 0.2%, to 31,438.26.

The Nasdaq fell 83.07 points, or 0.7%, to 11,524.55.

The Russell 2000 index of smaller companies rose 6.01 points, or 0.3%, to 1,771.74.

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Asian Markets

Asian markets ended
mostly higher on Monday. The Nikkei 225 rose 1.43%, the Hang Seng rose 2.35%
and the Shanghai Composite rose 0.88%.

European Markets

European markets
ended higher on Monday, Germany’s DAX was up by 0.56%, London’s FTSE 100 was up
by 0.69% while France’s CAC 40 was down by 0.43%.

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Major News Headlines

Bajaj Auto board approves up to Rs 2,500 crore share
buyback

Bajaj Auto has approved the buyback of shares worth up to
Rs 2,500 crore. The two-wheeler major intends to buy back 5.43 million shares,
amounting to 1.88% of its paid-up capital via the open market at Rs 4,600 per
share.

Cipla to invest Rs 26 crore in digital tech firm GoApptiv

The pharma company has acquired an additional stake for
nearly Rs 26 crore in digital tech company GoApptiv Private to raise its
shareholding to 22.02%, the company said. The investment will be made in equity
shares and Compulsorily Convertible Preference Shares and is likely to be
completed within 30 days or such other date mutually agreed upon between the
parties, Cipla said in a regulatory filing.

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Bank of Baroda board approves raising up to Rs 5,000 crore

Public sector lender Bank of Baroda said it will raise Rs
5,000 crore by issuing long-term infrastructure bonds. The board of directors
in its meeting held on June 27 approved the proposal for issuing long-term
bonds for financing infrastructure projects and affordable housing worth around
Rs 5,000 crore, the bank said in a regulatory filing.

SEBI issues warning letter to Aurobindo Pharma over USFDA
audit row

The company has received a warning letter from the
Securities Exchange Board of India (SEBI) for non-disclosure of details related
to an ongoing USFDA audit of the company’s Unit-1 and observations made by the
US Food and Drug Administration (USFDA) between the period 2019 to 2022,
Aurobindo Pharma Ltd (APL) said in a regulatory filing.

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Bulk Deal data

KARAN SURESH MAJITHIA
bought 1,25,000 shares in Akshar Spintex Limited at Rs 82.75 per share on the
NSE.

RAHUL THAKURDAS
MIRCHANDANI bought 1,65,254 shares in Aries Agro Limited at Rs 121.54 per share
on the NSE.

AJAY HARKISHANDAS
MEHTA sold 6,25,000 shares in Compuage Infocom Limited at Rs 23.24 per share as
per NSE.

NEXPACT LIMITED
bought 1,10,000 shares in Dev Info Technology Limited at Rs 168.50 per share as
per NSE.

SOCIETE GENERALE sold
46,87,351 shares in Dhani Services Limited at Rs 29.55 per share on the NSE.

NAVRATRI SHARE
TRADING PRIVATE LIMITED bought 2,00,000 shares in Debock Industries Limited at
Rs 49.00 per share on the NSE.

NIRAJ RAJNIKANT SHAH
bought 6,50,000 shares in Moksh Ornaments Limited at Rs 19.56 per share as per
NSE.

DILIP RAMANLAL SHAH
bought 1,18,256 shares in Nakoda Group of Ind. Limited at Rs 125.58 per share
as per NSE.

JAGRAN PRAKASHAN
LIMITED bought 29,15,512 shares in Music Broadcast Limited at Rs 22.66 per
share on the NSE.

SWARNIM COMMOSALE PVT
LTD sold 12,92,632 shares in Rollatainers Limited at Rs 1.20 per share on the
NSE.

NNM SECURITIES PVT
LTD sold 1,00,000 shares in Sona Hi Sona Jewell G Ltd at Rs 11.08 per share on
the NSE.

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DII and FII data

Foreign institutional
investors (FIIs) sold shares worth a net Rs 1,278.42 crore, while domestic
institutional investors (DIIs) bought shares worth a net Rs 1,184.47 crore in
the Indian equity market on June 27, as per provisional data available on the
NSE.

NSE F&O Ban

Delta Corp and Sun TV
Network are under the F&O ban for June 28. Securities in the ban period
under the F&O segment include companies in which the security has crossed
95% of the market-wide position limit.