All You Need To Know Going Into Trade On June 22
Indian markets seen opening lower due to weak Asia cues. Fears of an impending trade war between U.S. and China dragged investor sentiment lower, U.S. market fell nearly 0.8% on Thursday.
Asian markets opened lower in trade with Japan leading the losses, Nikkei 225 down almost 1%.
Here are some stocks that will be in focus today.
ICICI Bank: Goldman Sachs has removed ICICI Bank from Conviction List. Times Of India reported today that the bank my have rotating chairman till full time chairman is appointed.
Agri stocks in focus: Agri stocks will be in focus today as HSBC has given a buy call on UPL, Dhanuka Agri and PI Industries. HSBC has retained buy ratings on UPL with a target at Rs 945, Dhanuka Agri with a target at Rs 710, and PI Industries with a target at Rs 970. It has also downgraded Bayer Crop to hold with a target of Rs 4850.
JSW Steel: JSW Steel may bid for ArcelorMittal's Romanian Plant. The company has proposed investment of upto US$500 mn to upgrade steel manufacturing unit at Ohio, USA.
OMCs in focus: OMC stocks could move higher after early morning dips as output hike is likely from OPEC. OPEC is meeting today in Vienna to discuss production target.
HCL Tech: HCL Tech has signed a 5-year pact with Nokia for Global I.T. Infra & Application Services. The deal is worth $500 Mn.
Tata Steel: Jefferies has maintained buy call on Tata Steel with a price target of Rs 586. Earlier on Thursday, Reuters reported that Thyssenkrupp workers and some investors have given it's CEO some more time for Tata Steel deal.
Indian markets expected to open sideways due to weak Asia cues. Nifty resistance seen at 11180, support seen at 10900,10830.
One of US President Donald Trump's former foreign policy aides has said allegations that he worked with the Russian government during the 2016 US election are "misleading".
US space agency NASA is preparing to launch a probe in August to study the Sun closer than any human-made object ever has, revealing multiple mysteries behind the star.
Pakistan Tehreek-e-Insaf (PTI) candidate Sardar Ikramullah Gandapur has been killed after a suicide bomber targetted his vehicle in DI Khan's Kulachi Tehsil, officials said.
The last session of the G20's Third Meeting of Finance Ministers and Central Bank Governors has taken place here, with delegates acknowledging the rise in trade tensions while calling for greater dialogue.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.