Share Market Today
*28 June 2024*
*US markets*
U.S. stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a slight gain after data showed a continued slowdown in economic activity, raising investors’ hope for rate cuts, reported Reuters. The tech-heavy Nasdaq Composite ended up by 53.52 points or 0.30% at 17,858.68. The S&P 500 ended higher by 4.97 points or 0.09% at 5,482.87, while the Dow Jones Industrial Average ended marginally higher by just 36.26 point or 0.09% at 39,164.06.
*Asian Markets*
Shares in the Asia-Pacific region are trading in positive territory on Thursday morning. The Asia Dow is trading down by 0.12%, where as the Japan’s Nikkei 225 is trading in green, up by 0.58%, Hong Kong’s Hang Seng index is up by 0.37% and the benchmark Chinese index Shanghai Composite traded up by 0.97%.
*US Dollar*
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down by 0.15% at 105.89.
*Crude Oil*
WTI crude prices are trading at $82.00 up by 0.23%, while Brent crude prices are trading at $85.45 down by 1.03%, on Friday morning
*###Companies###*
*KPI Green Energy*: The company has received a sanction letter for credit facilities amounting to Rs 686 crore for the development of a 200 MWAC (240 MWDC) solar photovoltaic power project in Khavda, Gujarat
*JSWInfrastructure*: Subsidiary JSW Port Logistics has agreed to acquire a 70.37% shareholding held by promoters and the promoter group in Navkar Corporation. Meanwhile, the company has received a Letter of Acceptance from Southern Railway, Chennai Division for the construction and operation of the Gati Shakti Multi-Modal Cargo Terminal (GCT) at Arakkonam, Tamil Nadu.
*RBL Bank*: The bank has received approval from board members for raising funds up to Rs 3,500 crore via qualified institutions placement, in one or more tranches, and Rs 3,000 crore via the issue of debt securities, in one or more tranches, on a private placement basis.
*Raymond*: Shareholders have approved the reappointment of Gautam Hari Singhania as Managing Director of the company, for five years with effect from July 1.
*Reliance Industries*: Reliance Jio Infocomm announced a series of new unlimited plans set to take effect on July 3. The new tariff plans range from Rs 189 for 2 GB per month to Rs 3,599 for a 2.5 GB per day annual plan. These plans include unlimited 5G data for all plans with 2GB/day and above.
*AU Small Finance Bank*: The bank has received approval from the Board of Directors for raising funds up to Rs 5,000 crore via the issue of equity shares through private placement or qualified institutions placement (QIP) or preferential allotment or other modes. The board also approved raising funds up to Rs 6,000 crore, in one or more tranches, via the issue of debt instruments.
*Ambuja Cements*: Ambuja Cements said its board has approved merging with Adani Cementation, a subsidiary of Adani Enterprises. Through this proposed scheme, Adani Enterprises will get 8.7 million shares of Ambuja Cements. The scheme will consolidate cement capacity within the group to bring synergistic benefits for all stakeholders
*Rail Vikas Nigam*: The company has incorporated its subsidiary company RVNL Middle East Contracting LLC in Dubai
*FII, DII Data*
Foreign institutional investors (FII) bought shares worth Rs 7,658.77 crore, while domestic institutional investors (DII) offloaded shares worth Rs 3.605.93 crore on June 27, 2024, according to the provisional data available on the NSE.
*F&O Ban*
The NSE added no stocks to the F&O ban on June 28, 2024 i.e today as the July expiry begins.
STORY HIGHLIGHTS:Share Market Today
