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.
Also Read | Adani Group raises Rs 6,071 crore for Kutch Copper Project
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.
Also Read | Zomato share falls 6% as board approves acquisition of Blinkit for Rs 4,447 crore
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.
Also Read | Week ahead: Global cues, rupee movement to weigh on Sensex, Nifty
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.
Also Read | Week in review: Sensex, Nifty rise amid positive cues from global peers
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.
Also Read | Four G7 nations to ban Russian gold: How it impacts oligarchs, Moscow
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.
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.
Also Read | China keeps temporarily banning Tesla cars: Here’s why
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%.
Also Read | List of all companies providing abortion travel benefits to US employees
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.
Also Read | Roe v. Wade overturned: Amazon, Apple and other companies jump in to aid employees
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.
Also Read | How does UNESCO’s AI agreement affect India?
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.
Also Read | Why Tesla cars have been banned by police in Berlin
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.
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.
