All You Need To Know Going Into Trade On July 5

Asian stocks were steady early Monday after U.S. shares climbed further on speculation the Federal Reserve has scope to continue providing substantial stimulus support. Oil edged lower amid an OPEC+ spat.

Japanese shares slipped while South Korea and Australia inched up. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.44% at 15,817.50 as of 6:30 a.m.

The S&P 500 reached a record for a seventh day Friday after a U.S. jobs report signaled the economy is gaining steam but not at a pace that would prompt the central bank to taper stimulus quickly. U.S. stock and bond markets are closed for the July 4 Independence Day holiday.

Oil was around $75 a barrel amid an OPEC+ dispute that cast doubt on a deal that may temper prices. Saudi Arabia and the United Arab Emirates are at odds.

Elsewhere, China’s stock market open will be in focus in case the move causes jitters by again highlighting Beijing’s push to curb the influence of the nation’s largest technology companies.

Data To Watch

• 10:30am: Markit India PMI Services for June, prior 46.4

• 10:30am: Markit India PMI Composite for June, prior 48.1

Stocks To Watch

• HDFC: During the quarter ended June 30, the profit on sale of investments was Rs 263 crore compared to Rs 1,241 crore last year. This was on account of the corporation's entire stake sale in its associate company, Good Host Spaces for Rs 54 crore and part stake sale of HDFC ERGO General Insurance Company for Rs 209 crore. Gross income from dividend for the quarter was Rs 16 crore compared to Rs 298 crore last year. Further, the corporation assigned loans to HDFC Bank amounting to Rs 5,489 crore during the quarter. Individual loans sold in the preceding 12 months amounted to Rs 23,093 crore.

• Avenue Supermarts: Standalone revenue from operations up 31% at Rs 5,031.75 crore in the April-June quarter, from Rs 3,833.23 crore a year ago. The company had 238 stores as of June 30.

• IndInfravit Trust: Availed a term loan of Rs 1,060 crore from ICICI Bank and has issued 8,500 secured NCDs of the face value of Rs 10 lakh each amounting to Rs 850 crore.

• Tata Steel: Transferred 26% stake held in Himalaya Steel Mill Services to Tata Steel Utilities and Infrastructure Services, a wholly owned subsidiary. It also transferred 100% stake held in Tata Steel Advanced Materials to Tata Steel Downstream Products, a wholly owned subsidiary.

• HCL Technologies: Announced a multi-year agreement with Fiskars Group to help them with digital transformation. HCL will enable Fiskars to standardise and harmonise their IT and business processes, drive operating model transformation and increase overall digital maturity.

• IIFL Wealth Management: To consolidate the distribution businesses under a single wholly owned subsidiary, the company had proposed to demerge the distribution business from IIFL Wealth Prime and IIFL Wealth Capital Markets to IIFL Wealth Distribution Services. The boards of IWCML, IWPL and IWDSL have approved the above demerger and consolidation of distribution business through a composite scheme of arrangement.

• Lumax Auto Technologies: Signed an agreement with Alps Alpine Co., Japan to establish a joint venture company for the manufacturing and sale of electric devices and components including software related to automotive industry.

• lndoStar Capital Finance: Acquired 25 crore equity shares of lndoStar Home Finance, a wholly owned subsidiary, for Rs 250 crore. The company's investment in lndoStar Home Finance now stands at Rs 450 crore.

• Suzlon Energy: Approved the allotment of 1.36 crore equity shares on conversion of 1,467 US$ denominated Convertible Bonds due 2032. The bonds are of face value of $320 each, which after capitalising interest at 2.75% per annum accrued on half yearly basis, aggregated to $4,75,894.

• Bharat Forge: 210 employees from the Chakan plant have opted for Voluntary Retirement Scheme involving overall pay-out cost of Rs 63.32 crore.

• Sterling and Wilson Solar: Acuite has downgraded the short-term rating of the Rs 200 crore Commercial Paper Programme of the company to A2 from A1+.

Offerings

• India Pesticides Ltd.’s shares to start trading after IPO gets 29 times demand for shares offered

• Sebi clears IPO application of Zomato, ET Now says

AGMs: 

• Tata Power (3 p.m.), 

• Tata Investment (11 a.m.), 

• Vimta Labs (10 a.m.)

Pledge Share Details

• Adani Ports and SEZ: Promoter Adani Tradeline LLP created a pledge of 1.92 lakh shares on June 30. Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 49 lakh shares on July 1.

• Ashok Leyland: Promoter Hinduja Automotive revoked pledge of 2.35 crore shares on June 30.

• Apollo Hospitals Enterprise: Promoter K Vishweshwar Reddy revoked pledge of 4.75 lakh shares on March 19.

• Steel Strips Wheels: Promoter Dheeraj Garg revoked pledge of 66,647 shares on July 1.

• Wockhardt: Promoter Themisto Trustee Company created a pledge of 22.30 lakh shares on June 30.

  As reported on July 2.

Bulk Deals

• Reliance Capital: HDFC sold 40.48 lakh shares (1.60%) at Rs 22.07 per share.

Insider Trades

• Asahi India Glass: Promoter Sanjay Labroo bought 37,600 shares on June 29.

• Jaiprakash Associates: Promoters (Rahul Kumar, Bhavna Kumar and Shashi Kumar) sold 3.84 lakh shares on June 30.

• Olectra Greentech: Promoter Trinity Infraventures sold 4.20 lakh shares on June 29. Promoter MEIL Holdings bought 4.20 lakh shares on June 29. Promoter Trinity Infraventures sold 25 lakh shares on June 30. Promoter MEIL Holdings bought 25 lakh shares on June 30.

• Titagarh Wagons: Promoter Titagarh Logistics Infrastructures bought 5.60 lakh shares between June 28-30.

• Wockhardt: Promoters (Themisto Trustee Company and Callirhoe Trustee Company) sold 6 lakh shares on June 30.

Block Deals

• HDFC Life Insurance Company: BNP Paribas Arbitrage bought 10.95 lakh shares (0.05%) at Rs 685.75 per share. Segantii India Mauritius sold 10.95 lakh shares (0.05%) at Rs 685.75 per share.

Trading Tweaks

• Ex-Date Final Dividend: ASM Technologies, JSW Steel, Mindtree

• Price Band Revised From 20% To 10%: Rajratan Global Wire, Saksoft, Sharda Motor Industries

• Move Into Short-Term ASM Framework: Zee Media Corporation, Sharda Motor Industries

• Move Into ASM Framework: KCP, Rajratan Global Wire, Reliance Capital

Money Market Update

• The rupee ended at 74.74 against the U.S. Dollar on Friday as compared to Thursday's closing of 74.55.

F&O Cues

• Nifty July futures ended at 15,747.20; a premium of 25 points.

• Nifty July futures shed 3.90% and 7,542 shares in Open Interest

• Nifty Bank July futures ended at 34,971.05; a premium of 161.15 points

• Nifty Bank July futures shed 1.37% and 1,162 shares in Open Interest

• Securities added to the ban list: PNB

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