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Mumbai: Market related news stories are crucial for making smart, informed investment decisions. Trading advice and brokerages for key stocks also hold the key to preparing for the trading day.
Here are developments that may determine market behaviour and sentiment during the day’s trading.
*Asian markets rise as Powell hints at a rate cut ahead.
*US Markets end higher in trade. S&P 500 breached the 3,000 level for the first time in intraday trade. Nasdaq and Dow touch all time highs in trade.
*European stocks close lower. The pan-European Stoxx 600 fell almost 0.2% during afternoon trade.
*Crude trades mixed in morning hours of trade. Brent is trading marginally lower at $66.98/bbl, WTI up 0.26% at $60.59/bbl. US oil hits highest in over a month in overnight trade.
Stocks In News:
InterGlobe Aviation: Sources say, Indigo shareholder pact to be checked by government for violations. Agreement between Gangwal, Bhatia could be annulled if found violating the Companies Act.
DHFL: According to sources, DHFL lenders may ask promoters to pledge shares to secure fresh funding. Non-disposal undertaking will only be released when promoters begin repayment of outstanding loans. DHFL auditors may decide to resign ahead of the board meeting, scheduled for July 13.
Axis Bank: Sources say, Axis Bank is said to pick JP Morgan, Citigroup among others for $1.3 Bn share sale.
Premier Explosives: Premier Explosives bagged order worth Rs 15 Cr from Bharat Dynamics. order for supply of solid propellants for medium range surface to Air Missiles.
Piramal Enterprises: Piramal Enterprises approved issue of NCDs upto Rs 1,500 Cr at coupon of 9.5%.
Adani Green: The company’s promoter pledged 3.84% stake or 6 Cr shares Of company on Tuesday.
Aurobindo Pharma: The pharmaceutical company launched Cinacalcet Hydrochloride tablets in USA, saw an annual sale of approx $1.4 Bn in 12 months ending May 2019.
Cox & Kings: Care Ratings cut rating on company's issuer rating, long-term facilities to 'Care C' from 'Care BB. On NCD issue to 'Care D' from 'Care BB'.
Can Fin Homes: The company plans to mull raising up to Rs 6,000 Cr via debt on July 22
Religare Enterprises: Religare Enterprises plans to sell Religate Finvest to TCG Advisory; amount not disclosed.
RBL Bank: Sources say, RBL Bank plans to raise $150 Mn debt from IFC.
Linc Pens: Linc Pens achieved Q1 sales turnover of Rs 100.6 Cr, up 21% YoY. Domestic turnover in Q1 grew 29%. Exports declined 11% mainly on account of delivery re-scheduling.
Ajmera Realty & Infra: Ajmera Realty & Infra announced joint venture development for a commercial project. The project may generate a revenue share of approx Rs 120 Cr.
Greaves Cotton: The company acquired 4.77% additional stake in Ampere Vehicles for Rs 22.5 Cr, the company’s holding in Ampere increased from 67.34% to 72.11%.
Other: According to sources, Rahul Bhatia controlled InterGlobe Group eyes Burger King’s India franchise.
HSBC On Cadila Health: Maintain Buy, Target Price cut to Rs 260 from Rs 410.
Citi On Piramal Ent: Neutral, Target Price Rs 2640.
Kotak Instl Eq On ICICI Lombard: Maintain Sell, Target Price Rs 775.
Citi On Dr Reddy’s: Sell, Target Price Rs 2670.
Macquarie On Petronet LNG: Maintained ‘Outperform’; raised Target Price to Rs 310 from Rs 270.
IIFL On Godrej Consumer: Maintained ‘Add’ with a Target Price at Rs 370.