All You Need To Know Going Into Trade On July 2

The sun seen behind a Ballapur Industries Ltd. Paper Mill (Photographer: Amit Bhargava/Bloomberg)

All You Need To Know Going Into Trade On July 2

Asian stocks rose on Friday tracking overnight gains in the U.S. markets. A dispute in the OPEC+ alliance pushed oil prices higher.

Shares climbed in Japan, Australia and South Korea. U.S. futures contracts were stable after the S&P 500 posted its longest winning streak since February.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 15,765 as of 6:50 a.m.

Crude hovered around $75 a barrel mark after the OPEC+ alliance descended into infighting, casting doubt on an agreement that could ease a surge in prices.

The dollar held a climb and Treasuries were little changed ahead of Friday’s monthly payrolls report, which will help guide views on when the Federal Reserve may start pulling back on stimulus.

All You Need To Know Going Into Trade On July 2

Stocks To Watch

  • Gail (India): Has been awarded Rs 930 crore ($125 million) in an arbitration matter against Andhra Pradesh Gas Power Corp. over gas supply price, according to a Bloomberg report. Arbitration judge GP Mathur upheld Gail’s claim that Andhra Power Gas supplied the power generated using subsidised gas to private users instead of public utilities.

  • NCC: Received five new orders from government agencies totalling to Rs 2,149 crore in June. Out of the total orders, two orders valuing Rs 1,254 crore pertain to water and environment division and one order valuing Rs 729 crore pertains to buildings division and one order valuing Rs 166 crore pertains to mining division.

  • Lupin: The company’s U.S. based wholly-owned subsidiary, Lupin Pharmaceuticals, got approval from the U.S. Food and Drug Administration for its supplemental New Drug Application to expand the use of SOLOSEC (secnidazole) to include the treatment of trichomoniasis in adults.

  • Aurobindo Pharma: Board has approved the transfer of business undertaking comprised in Unit·4 to Eugia Pharma Specialities, a wholly-owned subsidiary. Further the company will transfer Unit 10 to subsidiary APL Healthcare for Rs 1,315 crore.

  • Tata Power: Scrapped Tata Power Solar Systems’ merger with self. Plans to merge another unit Coastal Gujarat Power with itself and subsequently reorganise its capital accordingly.

  • Tata Consultancy Services: Partnered with John Wiley & Sons to modernise its ecommerce platform with SAP Commerce, creating a unified, seamless customer experience.

  • Coal India: Production in June up 2% year-on-year to 40 MT versus 39.2 MT. Offtake up 23% year-on-year to 51.3 MT versus 41.7 MT.

  • NMDC: Production in June up 18% year-on-year to 2.98 MT versus 2.52 MT. Sales up 28% YoY to 3.18 MT versus 2.48 MT.

  • HPCL: Appointed Rajneesh Narang, ED-Corporate Finance of the company as Chief Financial Officer with effect from July 1. Narang has replaced R Kesavan who has retired.

  • Bharat Electronics: Chairman and Managing Director, MV Gowtama, retired on June 30. Anandi Ramalingam, Director (Marketing) given additional charge of CMD with effect from July 1.

June Auto Sales

  • Eicher Motors: Total Royal Enfield sales up 58% at 43,048 units Vs 27,294 units. Exports up 0.16% at 7,233 units Vs 7,221 units.

  • Hero MotoCorp: Overall sales up 156% at 4.69 lakh units. Motorcycle sales up 147% at 4.41 lakh units. Exports up 30% at 30,646 units.

    Comparison made on a month-on-month basis.

Follow June auto sales numbers here.

Pledge Share Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 2.50 lakh shares on June 29.

  • Steel Strips Wheels: Promoter Dheeraj Garg revoked pledge of 45,000 shares on June 30.

  • Patel Engineering: Promoter Praham India LLP created a pledge of 2.97 crore shares on June 15.

    As reported on July 1.

Insider Trades

  • JSW Energy: Promoter Epsilon Carbon bought 66,670 shares on June 28.

  • JK Cement: Promoter Ramapati Singhania sold 2,500 shares on June 30.

  • JTL Infra: Promoter Jagan Industries sold 1 lakh shares on June 30.

  • Kellton Tech Solutions: Promoters (Matnic Finvest LLP and Kellton Wealth Management LLP) sold 35 lakh shares between June 21-30.

  • MRF: Promoter Braga Industries LLP bought 2,000 shares between June 29-30.

  • Poly Medicure: Promoter VCB Trading LLP sold 1 lakh shares on June 29.

  • Prozone Intu Properties: Promoter Deep Gupta Family trust sold 30 lakh shares between June 29-30

  • Titagarh Wagons: Promoter Titagarh Capital Management Services bought 2.25 lakh shares between June 25-28.

  • Ultramarine & Pigments: Promoters (Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 24,841 shares between June 29-30

Trading Tweaks

  • Ex-Date AGM: Adani Power, Adani Transmission, Adani Green Energy

  • Record Date Dividend: Adani Enterprises, Subex, Vishnu Chemicals

  • Record Date Interim Dividend: MM Forgings

  • Record Date Final Dividend: Petronet LNG, Power Finance Corporation, Larsen & Toubro Infotec

  • Record Date EGM: Marksans Pharma

  • Move Into Short-Term ASM Framework: Ahluwalia Contracts (India)

  • Move Out Of Short-Term ASM Framework: Hindustan Construction Company, South Indian Bank, HFCL, EIH Associated Hotels, Hindustan Media Ventures,

  • Move Into ASM Framework: Bajaj Hindusthan Sugar, Kopran, Uttam Sugar Mills, Orchid Pharma

Money Market Update

  • The rupee ended at 74.55 against the U.S. dollar on Thursday as compared to Wednesday's closing of 74.32.

F&O Cues

  • Nifty July futures ended at 15,727; a premium of 47 points.

  • Nifty July futures added 0.19% and 373 shares in Open Interest.

  • Nifty Bank July futures ended at 34,885; a premium of 201 points.

  • Nifty Bank July futures shed 4.14% and 3,649 shares in Open Interest.

  • Securities that continue to be in the ban list: Nalco

All You Need To Know Going Into Trade On July 2
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