So far market is stuck in trading range of 15620-15900 since past few weeks and today being monthly closing, we may see strong confirmation of breakout in USDINR on a close above 73.86. This breakout in USDINR should trigger follow up buying in USDINR which may force sharp upward reaction to 77 in coming days and equity markets may react accordingly.<\/p>\n\n\n\n
Technology stocks drove the Nasdaq Composite (up 0.2%) and S&P 500 to record highs overnight, following a rise in consumer confidence in the US. Consumer confidence in June rose to the highest level since the coronavirus pandemic started more than a year ago. Investors are awaiting the latest US jobs figures, due out later this week, which will be closely watched by the US Federal Reserve. Asian stock market rose early Wednesday after U.S. shares closed at a record on economic optimism and signs that vaccines can counter a highly infectious coronavirus strain. Oil climbed back above $75 a barrel after an industry report pointed to a big decline in U.S. crude inventories ahead of an OPEC+ meeting that’s expected to lead to the group returning more supply to the market.<\/p>\n\n\n\n
Key Results today- Results \u2013 SpiceJet, Vodafone Idea, Dish TV India, Emami Realty, IRCON International, MEP Infrastructure Developers, Sadbhav Engineering, Simplex Infrastructures, SREI Infrastructure Finance, VIP Clothing<\/p>\n\n\n\n
NTPC intends to list its arm NTPC Renewable Energy Ltd to raise funds for achieving its ambitious target of 60 GW installed renewable energy capacity by 2032 \u2013 Positive<\/p>\n\n\n\n
M&M \u2013 Cash-strapped Korean car maker Ssangyong Motor has put up a controlling stake for auction as it looks to bring on board a new investors to take change – Positive<\/p>\n\n\n\n
Bharti Airtel said it would invest $500 million to become the largest shareholder in the satellite communications company OneWeb, which Bharti Group, along with the British government, rescued from bankruptcy last year<\/p>\n\n\n\n
Petroleum Minister Pradhan says that the BPCL privatization on right track \u2013 Positive<\/p>\n\n\n\n
RBL Bank, has enhanced its board’s strength with the appointment of two distinguished members – Chandan Sinha, a career central banker and industry veteran with over 40 years of experience and Manjeev Singh Puri, a former senior Indian diplomat and India’s ambassador to several countries with over 38 years of experience. \u2013 Positive<\/p>\n\n\n\n
Cipla Ltd., Dr. Reddy\u2019s, Emcure Pharma, Sun Pharma and Torrent Pharma will collaborate for clinical trial of investigational anti-viral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting – Positive<\/p>\n\n\n\n
Cyient has announced that it has earned Partner-Level status in the John Deere Achieving Excellence (AE) Program for 2020.- Positive<\/p>\n\n\n\n
NBCC gets work order for engagement as Project Management Consultant from Odisha Hydro Power Corporation worth Rs206cr. \u2013 Positive<\/p>\n\n\n\n
TCS has been ranked number 1 in Innovation and overall number 2 in an assessment of 13 leading service providers in the HFS Top 10 for Telecom, Media and Technology (TMT) Services1.- Positive<\/p>\n\n\n\n
Avanti Feeds-led arm recalls several shrimp products in US due to potential containing of Salmonella, there have been six (6) reports of Salmonella-related illness associated with these cooked Shrimps distribution, so far according to USFDA \u2013 Negative<\/p>\n\n\n\n
Piramal Enterprises to raise Rs365cr through NCDs on private placement basis \u2013 Positive<\/p>\n\n\n\n
Reliance Industries -Company has signed an agreement with Abu Dhabi National Oil Company (ADNOC) to join a new worldscale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at TA\u2019ZIZ in Ruwais, Abu Dhabi.- Positive<\/p>\n\n\n\n
Bharat Electronics – The Indian Navy inked a pact with the company to develop emerging technologies related to artificial intelligence, quantum computing and robotics.- positive<\/p>\n\n\n