Mkts witnessed lacklustre movement on Tuesday, with final tally ending in negative terrain below 23,300. Bank Nifty is lacking positive traction as global markets are awaiting Fed outcome tonight. A status quo is expected from the FOMC outcome tonight. Further decline in India VIX indicate aggressive put writing which is likely to force Nifty towards 24,700 in the coming days
Nifty50 Chart
Stocks to watch
Positive Read through
- Wipro – Launches Lab45 AI platform to increase efficiencies & transform business.
- HCL Tech – Bags deal worth USD 278 mn, expands partnership with Olympus.
- TVS Supply – 5-year contract with Daimler Truck SE Asia PTE for supply chain solutions.
- GMR Airports – Target GIL & GAL merger completion this quarter, FY25 focus on leverage management.
- Go Digit – Q4FY24 net earned premium up 42 pct, underwriting loss jumped 21 pct YoY.
- BL Kashyap – Bags orders worth Rs. 10.21 bn from Sattva Homes & DLF city.
- Tube Invsts – TI Clean Mobility inks an agreement for Rs. 1.60 bn fund raise via CCPS.
- Camlin Fine – Arm to acquire Vitafor Invest NV with debt of EURO 6.5 mn.
- Dollar Ind – Aims for 50 pct sales growth in South India in FY25.
- Waaree Energies – Supplies 68 MW solar modules to Gensol Engineering for a solar PV project.
- IOL Chem – Received CEP certificate for Pantoprazole Sodium Sesquihydrate for alternative process (Process – II).
- Raymond – Aiming for more significant contribution from real estate and engineering divisions.
- TCS – Company launches new IoT engineering lab in Ohio.
Negative Read through
- MTAR Tech – Promoter sells 0.19 mn shares (0.62 pct stake) on June 6&7 via open market.
- ACE – Promoter offloads 1.09 pct stake in company via open market on June 11.
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