Share Market Highlights 13th July 2023: : Indices end flat with positive bias; IT, Realty stocks gain

Samvardhana Motherson International Ltd has completed the acquisition of 51% stake in Saddles International Automotive and Aviation Interiors Private Ltd (SIAAIPL), according to a stock exchange filing. The company’s stock ended 2.25 per cent higher at ₹95.25 on NSE.

The stock of Cyient DLM falls 0.96% on NSE, trading at ₹513.35.

ideaForge Technology falls by 3.99% on NSE, trading at ₹1,228.25.

Top gainers on the NSE at 3:15 pm: Infosys (2.50%); TCS (2.46%); Hindalco (2.44%); LTIMindree (1.72%)

Top losers: Power Grid (-3.57%); UPL (-2.01%); Coal India (-1.94%); Maruti (-1.78%)

On BSE, 1,199 stocks advanced against 2,219 stocks that declined. Total stocks traded were 3,563 The number of stocks that recorded a 52-week high was 218, and those that hit a 52-week low was 48.

The stock of Bank of Maharashtra (BOM) falls by 5.28% on BSE, trading at ₹30.30.

Credent Global Finance Limited has announced that it is undertaking a rights issue of equity shares to raise capital. The Rights Issue Committee of the Board of Credent Global Finance Limited (Formerly known as Oracle Credit Limited) has approved the total number of 34,68,750 fully paid-up equity shares at Rs 140.00 for an amount aggregating to Rs 48.56 crore.

The Rights Entitlement Ratio has been set at 1 equity share for every 2 fully paid-up equity shares held by the eligible equity shareholders of the company, as on the Record Date, July 17.

The stock of Tejas Networks Ltd rises 14.89% on NSE, trading at ₹847.05.

360 ONE Asset, part of 360 ONE WAM Ltd, today announced the appointment of Aarthi Ramakrishnan as Head - Strategy for the Asset Management business. Aarthi will play a pivotal role in enhancing the firm’s focus on Global Asset Management and Gift City platforms.

Her most recent position was as the Country Head for India & Middle East at Kristal.AI, where she played an integral role in establishing the platform as the top choice for customers seeking to build global wealth portfolios.

TCI Express Ltd, B2B express logistics company, has announced that its Gurugram-based ‘GIGA’ Sorting Center has been certified with the Leadership in Energy and Environmental Design (LEED) Gold Rating from the US Green Building Council (USGBC). The company’s stock rises 0.03% on NSE, trading at ₹1,522.20.

The stock of Bank of Baroda falls by 3.03% on NSE, trading at ₹198.50.

The stock of Reliance Industries rises by 0.26% on NSE, trading at ₹2,775.

Jubilant Foodworks Ltd has announced the inauguration of the US fried chicken brand Popeyes in Hyderabad.

The company’s stock declined by 2.09% to trade at ₹469.75 on NSE.

DreamFolks, an airport services aggregator, and Plaza Premium Group, a global leading airport hospitality provider, had announced a collaboration to include over 340+ Plaza Premium Lounges in over 70 major international airports into the DreamFolks global lounge network, offering an enhanced travel experience starting July 24, 2023.

According to the company’s stock exchange filing on July 12, the collaboration will facilitate extensive coverage of Plaza Premium Lounges across 4 continents, including travel hubs such as Australia, Canada, the United Kingdom, Hong Kong, Florida, Brazil, Italy, Indonesia, Malaysia, Singapore, Dubai, Saudi Arabia, and Jordan. The stock of DreamFolks Services rises 5.17% on NSE, trading at ₹687.05.

IT solutions company Kellton Tech Solutions shares up by 12.11 pc to trade at Rs 81.92. Touched the 52-week high of Rs 84.37 during the day.

Bank of India has set up an International Banking Unit and NRI Help Centre at GIFT City Gandhinagar. The bank expects to achieve $1-billion business through GIFT City branch by March 2024.

Bhansali Engineering Polymers reported its quarterly unaudited consolidated financial results ended June 30, 2023. The company recorded a net profit of ₹505 crore for the quarter. The company’s stock rises by 0.71% on NSE, trading at ₹98.70 on the NSE.

Vedavaag Systems Ltd has entered into a MoU with IRIS Global Services Private Limited, New Delhi, for the implementation of IP-based Video Surveillance System (VSS) covering 1002 railway stations under Western Region of Railways. The order is worth ₹72 crore. The stock gained 20% to Rs 50.90 to hit the upper circuit.

Kotak Institutional Equities said that HCL Tech’s acquisition of Germany-based ASAP group will enable the company to establish a stronger presence in the faster-growing auto vertical. Valuations at 1.6X EV/revenues and 14X trailing EBITDA are reasonable, it added.

HCL tech is trading flat at Rs 1114.50 on the NSE, coming off the highs seen earlier.

PNB Housing Finance Ltd will hold its 35th AGM on August 10, 2023. The company’s stock rises 1.61% on NSE, trading at ₹621.60.

The stock of Sealmatic India rises by 8.49% on BSE, trading at ₹410. The company had been accredited with the ISO 19443 for Nuclear Applications.

Sterling and Wilson Renewable Energy has narrowed its loss in the June quarter to Rs 95.47 crore from Rs 353.9 crore loss last year. Revenue fell to Rs 515 crore from Rs 1206.9 crore year ago. The bottomline was helped by a steep fall in expenses to Rs 617.68 crore from Rs 1568.9 crore year ago.

Stock is up 1 per cent at Rs 289.65 on the NSE.

MIC Electronics’ board meeting to be held on July 20 to consider the first quarter results.

Major gainers on BSE at 1:30 pm are : Zensar Technologies (6.50%); Lloyds Metals and Energy (7.68%); Tanla Platforms (9.26%); Zen Technologies (10.64%)

Major losers are: Aegis Logistics (-3.11%); Jindal Saw (-3.69%); PCBL (-3.07%); Dish TV (-4.45%)

Communication-Platform-as-a-Servive firm Tanla Platforms shares gained 10.51% to trade at ₹1,134.80. The stock touched the 52-week high of ₹1,142 in early trade.

Since the contract has seen a fresh breakout, the probability of a rally is high.

Against this backdrop, one can buy zinc futures at the current level of ₹218. Add more longs if the price dips to ₹215, with the stop-loss at ₹208.

Federal Bank’s net profit in the June quarter was up 42.1% year-on-year at Rs 854 crore, but fell sequentially by 5.4 per cent.

The total income of the bank grew to Rs 5760 crore from Rs 4081 crore year ago. Other income increased to Rs 732 crore from Rs 453 crore year ago.

The bank’s gross non-performing asset ratio was at 2.38% as on June 30 from 2.36% a quarter ago, while the net NPA ratio was flat on quarter at 0.69 per cent. The stock is down 4.2 per cent at Rs 128.60 on the NSE.

G R Infraprojects Ltd has bagged an order from the Ministry of Road Transport and Highways for the construction of four-lane highway from 74.700 km to 112.950 km (Baranpur Kadipur Ichauli to Rampuriya Awwal) of NH‐ 731A in the State of Uttar Pradesh on Hybrid Annuity Mode.

The company’s stock rises by 1.29% on BSE, trading at ₹1,348.90.

Internet stocks have gained in the day with PB Fintech and Zomato rising more than 5% today. This may be linked to lower inflation in US and tech stocks buoyed by lower inflation data.

The Utkarsh Small Finance Bank IPO has been subscribed 10.11 times as of 12:54 pm on Day 2. The QIBs subscribed 1.45 times, NIIS 16.59 times, retail 26.71 times, and employee reserved 6.63 times. The issue closes on July 14.

The stock of Deep Industries Ltd jumps by 5.56% on NSE, trading at ₹207.05. The company had received a Letter of Award (LoA) from Oil and Natural Gas Corporation Ltd (ONGC) on July 12 worth approx ₹130 crore.

Aditya Birla Money’s standalone net profit stood at ₹9.4 crore, against ₹8.1 crore in the corresponding quarter last year. Revenue stood at ₹78.5 crore (₹62 crore)

Infosys hit a three-month at ₹1,374 rising over 3 per cent with all frontline IT stocks rallying on expectations that the worst was behind. The fall in bond yields and a weak rupee versus the US dollar are expected to be positives for the sector.

The stock of Zomato rises by 5.61% on NSE, trading at ₹81.85.

The board of Ramco Cements Ltd has approved the execution of the Share Subscription and Purchase Agreement (SSPA) for the purpose of sale and transfer of its entire shareholding (i.e. 49,95,16,202 equity shares) in Lynks Logistics Ltd (Lynks) to Bundl Technologies Private Ltd (Bundl, operating under the brand name Swiggy) in exchange for compulsorily convertible preference shares of Bundl.

The shares of Ramco Cements rise by 1.72% on NSE, trading at ₹941.25 per share.

The stock of Surana Solar rises by 5.37% on NSE, trading at ₹21.60. The company had entered into a Slump Sale Agreement with SML Electricals India Private Ltd for selling its wind energy business undertaking for ₹1.60 crore.

The stock of Goblin India is up by 0.21% on BSE, trading at ₹47.15. The company’s board on Wednesday considered and approved a proposal for disinvestment of equity stake/investment held by the company in its wholly owned subsidiary, Goblin France SARL.

The stock of Patanjali Foods is down 5% at ₹1,165.10 after the company said its promoter plans to sell a 7% stake in the company through an offer for sale at ₹1,000 per share. On Wednesday, the shares had ended at ₹1,226.40 on NSE.

IT major Wipro is set to announce its results on July 13. Ahead of the results, here are five key things to watch out for:

• Revenue growth

• Margin and guidance

• Attrition and hiring

• Management commentary

• Take on GenAI

LTIMindtree today announced entering the NIFTY 50 index as the company had rapidly consolidated its position to be a leading player and achieve this significant growth.

The inclusion in this index follows the recent development of both CRISIL and India Ratings reaffirming LTIMindtree’s long-term rating as AAA/Stable.

Major gainers:

• Infosys (3.09%)
• TCS (3.08%)
• Hindalco (2.87%)
• Tech Mahindra (2.48%)
• SBI life Insurance (2.41%)

Major losers:

• Power Grid (-2.74%)
• Coal India (-1.83%)
• Eicher Motors (-1.11%)
• Apollo Hospitals (-0.91%)
• UPL (-0.81%)

Stocks advanced on BSE at 12 noon on July 13 were 1,831 against 1,423 stocks that declined. Total stocks traded were 3,412. The number of stocks that recorded a 52-week high was 204, and those that hit a 52-week low was 37.

Godrej Properties shares touched a 52-week high of ₹1,635, gaining 2.21% to trade at ₹1,633.10.

The stock of Premier Explosives rises by 7.01% on NSE, trading at ₹758.35, up for the seventh day in a row.

Bank Nifty began the session higher at 45,009 against Wednesday’s close of 44,639. After making a high of 45,014, the index is currently trading at 44,975. The outlook is bullish for the index.

The stock of Hindalco Industries rises by 3.23% on NSE, trading at ₹438.80 after the board on Wednesday approved a proposal for the sale of land situated at Kalwa, Maharashtra to Birla Estates Pvt Ltd, a subsidiary of Century Textiles for ₹595 crore.

KIOCL said that the operations of the Pellet Plant Unit of the company at Mangalore have been restarted from July 13.

Major gainers:

• Hindalco Industries (+3.13%)
• TCS (+2.98%)
• Infosys (+2.82%)
• SBI Life (+2.63%)

Major losers:

• Power Grid (-2.44%)
• Coal India (-1.71%)
• Eicher Motors (-1.23%)
• Apollo Hospitals (-0.82%)

After touching 52-week high of ₹96.45, Bharat Heavy Electricals Ltd (BHEL) shares slid by 0.91% to trade at ₹93.45 in early trade.

IT major Tata Consultancy Services’ (TCS) shares rose by 2.97% to trade at ₹3,357. The company’s profit jumped by 16.8 per cent to ₹11,120 crore in the first quarter of FY24, compared with ₹9,519 crore it reported in the corresponding period last year.

Bharat Electronics Limited (BEL) is trading at a 52-week high of ₹128. Shares gained 0.31% over previous close

Coffee producer CCL Products has touched a 52-week high of ₹739 in early trade. Shares are trading at ₹734.55, gaining 0.95% over the previous close.

On NCDEX, dhaniya futures cool down with September contracts dropping to ₹6,930 a quintal. Jeera has also pared its gains. September futures have dropped to ₹57,425 a quintal. Turmeric futures are also down a tad with October contracts ruling at ₹11,564 a quintal.

The stock of Tata Consumer Products rises by 0.35% on NSE, trading at ₹846.20.

Major gainers

• Finolex Cables (6.78%)
• Sunteck Realty (6.06%)
• Lloyds metals & energy (6.94%)
• Tanla platforms (6.71%)
• Zen tech (7.05%)

Major losers

• Federal Bank (-4.43%)
• NCC (-2.25%)
• Jindal Saw (-2.78%)
• LT Foods (-2.39%)
• J&K Bank (-2.22%)

Gold gains on MCX after last night’s rise on the global market past $1,950 an ounce. Gold August futures are up at ₹59,205 per 10 gm. Silver September contracts are up at ₹73,740/kg.

The stock of Life Insurance Corporation rises by 0.25% on NSE, trading at ₹622. The corporation’s shareholding in Tata Consumer Products had increased from 5.060% to 7.065%.

Brent crude oil futures traded above $80 a barrel in the early trade on Thursday as the US came out with the inflation data, which was softer-than-the market expectations.

At 9.54 am on Thursday, September Brent oil futures were at $80.42, up by 0.39 per cent, and August crude oil futures on WTI (West Texas Intermediate) were at $76.03, up by 0.37 per cent

The US Department of Agriculture (USDA) has projected higher rapeseed meal exports next season as also groundnut (peanut) meal. Palm oil imports forecast to rise to 9.6 million tonnes.

USDA has projected Indian soyameal exports in the 2023-24 season higher at 9 lakh tonnes on increased global demand in view of lower US soyabean exports.

The stock of Century Textiles and Industries rises by 1.09% on NSE, trading at ₹898.05. The board of Birla Estates Private Limited (BEPL), a wholly owned subsidiary of CTIL, had approved the proposal to acquire the land parcel situated at Kalwa, Thane, Maharashtra, from Hindalco Industries Limited (HIL) for a total consideration of ₹595 crore to be paid over a period of time in multiple tranches and 1.5% of the sales revenue.

The stock of UltraTech Cement rises 1.28% on BSE, trading at ₹8327.10. The company has announced the commissioning of 1.3 mtpa brownfield cement capacity at Sonar Bangla, West Bengal, taking the unit’s capacity to 3.3 mtpa.

Equity benchmarks NSE Nifty50 and BSE Sensex gained nearly one per cent each on Thursday morning.

While Sensex gained nearly 600 points to top 66,000-mark, Nifty50 gained 180 points to trade above 19,550.

Notably, Nifty broke the 19,500-levels, a resistance that was capping the upside over the last few days. This keeps the bullish view intact.

The rupee appreciated 21 paise to 81.97 against the US dollar in early trade on Thursday, as a rally in domestic equities and losses in the greenback against major rivals overseas strengthened investor sentiment.

Besides, encouraging macroeconomic data supported the local currency, forex traders said.

At the interbank foreign exchange, the domestic unit opened sharply up at 81.98 against the dollar and then strengthened slightly to 81.97, registering a gain of 21 paise over its previous close.

The US Department of Agriculture (USDA) has projected China’s cotton imports at a five-year low in the current season to September. India’s cotton exports are seen dropping further in the next season starting October to 28 lakh bales (of 170 kg). The USDA has raised India’s cotton production this season to 331.18 lakh bales.

Benchmark equity indices rebounded in early trade on Thursday, with the Sensex and Nifty scaling their all-time high levels following a rally in global markets amid moderating US CPI inflation data.

Buying in market heavyweight Tata Consultancy Services also helped markets to trade in the positive territory.

The US Department of Agriculture (USDA) has forecast global 2023-24 (November-October) oilseed production lower by 4 million tonnes (mt) to 667 mt as reduced US soyabean and EU rapeseed production is partially offset by higher rapeseed and sunflowerseed crops in Ukraine.

Shares of Power Finance Corporation declines by 0.70% on NSE, trading at ₹225.65 per share. The company had filed a draft shelf prospectus for raising up to ₹10,000 crore through non-convertible debentures.

The ​Ramco Cements Limited​ at its Board Meeting has approved the execution of the Share Subscription and Purchase Agreement (“SSPA”) for the purpose of sale and transfer of its entire shareholding (i.e. 49,95,16,202 equity shares) in Lynks Logistics Limited to Bundl Technologies Private Limited in exchange for Compulsorily Convertible Preference Shares of Bundl to be issued and allotted by Bundl to the Company.

The Company will also be providing representations/ warranties/indemnities to Bundl in connection with the proposal, the aggregate indemnification liability of the Company not to exceed ₹86,56,57,050/- as per the agreed terms under the SSPA, subject to any Closing date adjustments on account of Working Capital and Net Debt of Lynks.

Equity benchmarks BSE Sensex and NSE Nifty gained nearly 1% each. While Sensex gained over 600 points to top 66,000-mark, Nifty50 gained 180 points to trade above 19,550.

The stock of SpiceJet Ltd rises by 3.08% on BSE, trading at ₹32.12. The company’s promoter Ajay Singh will infuse ₹500 crore into the airline which will help boost its financial position amid multiple headwinds.

The stock of Nazara Technologies declines by 0.44% on BSE, trading at ₹685.25.

NSE has announced adjustment of Reliance Industries’ F&O contracts as the company has announced July 20 as the record date for issuance of shares of Reliance Strategic Investments. Accordingly, July, August and September contracts will expire on July 19.

Nifty Bank weekly options expiry shifted to Wednesday from Thursday. However, monthly contract expiry will remain on Thursdays, per NSE circular

The HCL Tech stock is trading flat at ₹1,105 after reporting misses across the board in Q1 results. The stock was already down over 6 per cent underperforming Tier 1 peers in the last one week prior to results. Its weak Q1 results makes implies achieving FY24 guidance will be challenging.

Godrej Properties to build luxury residential project in Gurugram.

According to Nuvama Institutional Equities, the move is positive for PVR-INOX because

i) Council reducing GST on F&B (from 18% to 5%) at cinema halls – no impact on P&L but overhang of any GST dispute goes away. The company was already booking F&B GST at 5% with the view that F&B sold in cinemas is similar to restaurant service that attracts 5%, and did not avail input tax credit.

ii) Hollywood (Mission Impossible – Dead Reckoning Part One’s release this week) coupled with regional movies picking up well while Hindi movies remain a WIP (a key monitorable). With the strong content pipeline, investors can expect recovery in footfall, if content delivers.

“In June, India experienced a surge in retail inflation, with the CPI rising to 4.81%, breaking a four-month trend of decline following May’s rate of 4.31%. The primary driver behind this inflationary spike can be attributed to an increase in food prices. Notably, the provisional figure of 4.88% exceeded the market expectation of 4.60% as per the Bloomberg Survey.

“Although the inflation rate remains below the upper threshold of the Reserve Bank of India’s (RBI) target of 6%, the upward trend raises cautionary flags regarding the potential impact of the monsoon season and El-Nino, as well as its implications for the timing and anticipation of interest rate cuts by the central bank.”

The Centre has asked its cooperative agencies NAFED and NCCF to supply tomatoes at a discount to rein in soaring prices, and thus, the overall inflation. India’s retail inflation for June was pegged at 4.7%.

The stock of Dr Reddy’s Laboratories declines by 0.23% on NSE, trading at ₹5,177.05. The company had earlier said the biologics license application for its proposed biosimilar rituximab candidate had been accepted for a substantive review by the USFDA.

Indian copper demand expected to be strong in 2023 amidst week global demand, says Australian Office of Chief Economist.

• Macquarie: Outperform Rating, Target At Rs 1,520
• Jefferies: Hold Rating, Target At Rs 1,205
• Nomura: Neutral Rating, Target At Rs 1,090
• Bernstein: Market Perform Rating, Target at Rs 1,000
• JPMorgan: Underweight Rating, Target At Rs 900

SKF touched an all-time high of 5,197 in today’s early trade, surpassing the previous all-time high of 5,175 made on 22 Nov 2022.

Shares of Tridhya Tech and Synoptics Technologies will be listed NSE-SME today. Tridhya Tech’s IPO received positive response from all categories of investors.

NIFTY-50 inclusion: LTIMindtree

Sensex-30 inclusion: JSW Steel

FinNifty: LIC Housing Finance will replace HDFC

The stock of PVR Inox rises by 1.20% on BSE, trading at ₹1436.40. A day after the GST Council decided to lower the tax on food and beverages consumed in cinema halls to 5%, the cinemas introduced new offers, including bottomless popcorn and combos. In a stock exchange filing, the company said, “PVR INOX were already charging GST at 5% on all food and beverage sold at the cinemas and this clarification (by GST Council) would not lead to change in the tax position of the company.”

The Centre has asked its cooperative agencies NAFED and NCCF to supply tomatoes at discount to rein in soaring oroces, rein in inflation.

“Weather-led disruptions are expected to cause near-term supply issues, posing upside risks to food inflation. While we remain cautious on the monsoon out-turn, the sharp increase in vegetable prices is likely to remain temporary amid supply-side central government intervention. With waning favorable base effects, inflation has bottomed out in 1QFY24 (averaging 4.6%) and will likely average 5.3% in 2Q-4QFY24. We, therefore, revise our FY24 inflation estimate to 5.1% (from 4.9% earlier). We see an upside of around 25 bps to our inflation estimate if monsoons disappoint, which may adversely impact cereals and pulses inflation,” Kotak institutional Equities said in a note.

​​Patanjali Foods​​ shares lose 5 per cent in early trade. Shares trading at ₹1,166.65.

Godrej Properties has been declared the highest bidder for two housing projects in Gurugram, spread over an area of around 8 acres and with an estimated revenue potential of ₹3,100 crore.

The company had participated in an e-auction conducted by the Haryana Shehri Vikas Adhikaran for the development of two group housing plots. The land parcels are located in the Golf Course Road micromarket which is known for its upscale residential buildings as well as office complexes.

Major gainers on the NSE at 9:30 am on July 13: Hindalco (2.39%); HDFC Life (1.60%); Tata Steel (1.48%); Bajaj Auto (1.47%); Hero Motocorp (1.30%)

Major losers: Power Grid (-1.19%); HCL Tech (-1.18%); Eicher Motors (-0.45%); Nestle India (-0.32%); Maruti (-0.30%)

DreamFolks and Plaza Premium Group, a global leading airport hospitality provider, have announced a collaboration to include 340+ Plaza Premium Lounges in 70+ major international airports into the DreamFolks global lounge network, offering an enhanced travel experience to its members worldwide starting July 24.

Zen Tech shares gain 11.58 pc to trade at Rs 641.45. Shares touched the 52-week high of Rs 654 as in early trade on Thursday.

Life Insurance Corporation’s shareholding in Tata Consumer Products has increased from 5.060 per cent to 7.065 per cent. The Corporation bought about 1.86 crore shares at an average price of ₹770.69 between May 2, 2022, and July 11, 2023.

LIC said that its stake in Deepak Nitrite Ltd has increased from 5.028 per cent to 7.089 per cent. It bought about 28.11 lakh shares at an average price of ₹2,152.73 between September 28, 2022, and July 11, 2023.

Shares of Indian IT firm HCL Technologies dropped 2% on Thursday, a day after the company reported weaker-than-expected quarterly results as its clients cut spending amid macroeconomic uncertainties.

Patanjali Foods on Wednesday said the offer for sale (OFS) by one of its promoters, Patanjali Ayurved, at a floor price of ₹1,000 a share, will open on Thursday (for non-retail investors) and on Friday (for retail investors). Patanjali Ayurved plans to sell up to 9 per cent of its stake to meet the minimum public shareholding norm. The floor price is at a steep 18.36 per cent discount to its Wednesday’s closing price of ₹1,225 on BSE.

HDFC Bank rises over 1% at market open at Rs 1655. The HDFC-HDFC Bank merged entity will have a weightage of around 14.5 per cent on Nifty.

Power Finance Corporation (PFC) has filed a draft shelf prospectus for raising up to ₹10,000 crore through non-convertible debentures. Of the net proceeds, at least 75 per cent will be utilised for onward lending, financing/refinancing the company’s existing debt and the balance for general corporate purposes.

Equity benchmarks BSE Sensex and NSE Nifty gained in early trade on Thursday. While Sensex gained 0.48% or 312 pts to trade at 65,706 pts, Nifty50 gained 0.52% or 99 pts to 19,484 pts.

Hindalco Ind gained 2.39%, while HDFC Life gained 1.92% on NSE.

Brent crude oil futures traded above $80 a barrel in the early trade on Thursday as the US came out with inflation data that was softer-than-the market expectations.

At 9.15 am on Thursday, September Brent oil futures were at $80.50, up by 0.49 per cent; and August crude oil futures on WTI (West Texas Intermediate) were at $76.08, up by 0.44 per cent.

July crude oil futures were trading at ₹6238 on Multi Commodity Exchange (MCX) in the initial trading hour of Thursday morning against the previous close of ₹6213, up by 0.40 per cent; and August futures were trading at ₹6242 as against the previous close of ₹6220, up by 0.35 per cent.

The board of Birla Estates Private Limited (BEPL), a wholly owned subsidiary of Century Textiles and Industries Ltd, has approved the acquisition of a land parcel situated at Kalwa, Maharashtra, from Hindalco Industries Limited for ₹595 crore to be paid over time in multiple tranches and 1.5 per cent of the sales revenue.

SpiceJet promoter Ajay Singh will infuse ₹500 crore into the airline- a move that will help boost its financial position amid multiple headwinds. The fresh equity infusion will help the carrier in accessing additional credit facilities of ₹206 crore under the Emergency Credit Line Guarantee Scheme (ECLGS), it said in a statement on Wednesday.

NSE has announced adjustment of Reliance Industries’ F&O contracts as the company has announced July 20 as the record date for issuance of shares of Reliance Strategic Investments. Accordingly, July, August and September contracts will expire on July 19.

The ₹500-crore IPO of Utkarsh Small Finance Bank witnessed a strong interest on Day 1 of the issue opening for subscription. At the end of Wednesday, the issue was subscribed 4.73 times.

The SFB has fixed ₹23-25 as the price band. The issue will close on July 14. Minimum bid lot is 600 equity shares.

The IPO received bids for 57.07 crore shares against 12.05 crore shares on offer, per to NSE data.

Apollo Tyres Ltd.

• Dividend Per Share Rs.4
• Special Dividend Per Share Rs. 0.5
• Previous day Closing Price – Rs. 432.7

Artemis Medicare Services Ltd

• Dividend Per Share Rs.0.45
• Previous day Closing Price – Rs. 123.1

Astrazeneca Pharma India Ltd.

• Dividend Per Share Rs.16
• Previous day Closing Price – Rs. 3740.45

Atul Ltd.

• Dividend Per Share Rs.25
• Previous day Closing Price – Rs. 6570.9

AU Small Finance Bank Ltd

• Dividend Per Share Rs.1
• Previous day Closing Price – Rs. 770.85

Bimetal Bearings Ltd.

• Dividend Per Share Rs.12.5
• Previous day Closing Price – Rs. 499

Bosch Ltd.

• Dividend Per Share Rs.280
• Previous day Closing Price – Rs. 19525.7

Birlasoft Ltd

• Dividend Per Share Rs.2
• Previous day Closing Price – Rs. 349.1

Control Print Ltd.

• Dividend Per Share Rs.5
• Previous day Closing Price – Rs. 651.95

Coromandel International Ltd.

• Dividend Per Share Rs.6
• Previous day Closing Price – Rs. 959

Expleo Solutions Ltd

• Dividend Per Share Rs.5
• Previous day Closing Price – Rs. 1551.95

Globus Spirits Ltd.

• Dividend Per Share Rs.6
• Previous day Closing Price – Rs. 1264.85

Hindustan Zinc Ltd.

• Dividend Per Share Rs.7
• Previous day Closing Price – Rs. 332.5

Kabra Extrusiontechnik Ltd.

• Dividend Per Share Rs.3.5
• Previous day Closing Price – Rs. 441.3

Kirloskar Ferrous Industries Ltd.

• Dividend Per Share Rs.3
• Previous day Closing Price – Rs. 492.5

Ksolves India Ltd

• Dividend Per Share Rs.8
• Previous day Closing Price – Rs. 1067.6

Lupin Ltd.

• Dividend Per Share Rs.4
• Previous day Closing Price – Rs. 940.25

Mahindra & Mahindra Ltd.

• Dividend Per Share Rs.16.25
• Previous day Closing Price – Rs. 1569.4

Mahindra Logistics Ltd

• Dividend Per Share Rs.2.5
• Previous day Closing Price – Rs. 380

Polychem Ltd.

• Dividend Per Share Rs.20
• Previous day Closing Price – Rs. 1465.3

PTL Enterprises Ltd.

• Dividend Per Share Rs.1.75
• Previous day Closing Price – Rs. 37.83

REC Ltd

• Dividend Per Share Rs.4.35
• Previous day Closing Price – Rs. 168.95

Safari Industries (India) Ltd.

• Dividend Per Share Rs.2
• Previous day Closing Price – Rs. 3070.95

Shanthi Gears Ltd.

• Dividend Per Share Rs.2
• Previous day Closing Price – Rs. 464.95

Tasty Bite Eatables Ltd.

• Dividend Per Share Rs.2
• Previous day Closing Price – Rs. 13635.35

Thirumalai Chemicals Ltd.

• Dividend Per Share Rs.1.5
• Previous day Closing Price – Rs. 192.1

Ujjivan Small Finance Bank Ltd

• Dividend Per Share Rs.0.5
• Previous day Closing Price – Rs. 42.58

Ultramarine & Pigments Ltd.

• Dividend Per Share Rs.5
• Previous day Closing Price – Rs. 379.25

Wipro, SpiceJet, Hindalco, Century Textiles, Angel One, Dr Reddy’s, Federal Bank, PFC, Patanjali Foods, Tata Consumer, Deepak Nitrite, Dreamfolks, Sealmatic, Aditya Birla Money, Avantel, Bhansali Engineering, Sterling & Wilson Renewable, and Tata Metaliks are some of the stocks that are expected to be in action today.

Indian shares are set to open little changed on Thursday on caution after higher-than-expected domestic inflation offset optimism from moderation in US inflation and as June quarter earnings trickle in.

India’s GIFT Nifty on the NSE International Exchange was down 0.03% to 19,549.50 as of 8:17 a.m. IST.

The upmove in Indian Bank is gaining momentum. The 4 per cent rise on Wednesday has strengthened the rise that has been in place since the last week of June. Additionally, there is a bullish cross over between the 21-Day Moving Average and the 100-Day Moving Average.

This strengthens the bullish case and indicates that downside could be limited. Supports are at ₹314 and ₹308.

Here are the key intraday supports and resistance for widely traded stocks, such as Reliance Industries, Infosys, HDFC Bank, TCS, and SBI.