Top News on June 22: Wipro share buyback, PM Modi to address US Congress, Delhivery shares block deal, Nifty, markets outlook, Tata Steel, eMudhra Ltd ex-dividend stocks

Produced by: Prashanti Moktan

Wipro share buyback to open today (June 22)

Wipro share buyback is set to open today. Wipro will buy back about 26.97 crore shares at a price of Rs 445. The retail acceptance ratio has been fixed at 23.4% while for others, it is 4.3%

Tata Steel, Tata Elxsi, eMudhra Ltd stocks to turn ex-dividend today (June 22)

Tata Steel, Tata Elxsi, eMudhra Ltd, Rainbow Children's Medicare Ltd, VTM Ltd and Solitare Machine Tool Ltd are set to trade ex-dividend today (June 22)

PM Modi state visit to the US: Updates for June 22

Prime Minister Narendra Modi is set to address the joint meeting of the US Congress today (June 22). US President Joe Biden and the First Lady Dr Jill Biden will also host PM Modi at a state dinner

Delhivery shares will be in focus as Carlyle Group will reportedly sell its entire 2.53% stake in the logistics firm. The block deal is expected to take place today (June 22)

Delhivery shares block deal: Report

“On Wednesday, NSE Cash market volumes were higher as compared to the last ten day average. Amongst the sectoral Indices, Nifty Financial services, Media and Oil/Gas gained the most while Metal and FMCG were top losers. The Nifty PSU Bank index has surged by 3.18% in the last four trading sessions. Above 18,887, Nifty could extend its rally towards 19,000 level. Support for the Nifty is seen at 18,660,” said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities

Nifty, Sensex Outlook today (June 22)

Finance Minister Nirmala Sitharaman will be in Paris to participate in the Summit for the New Global Financing Pact which will start today (June 22) and end tomorrow

Nirmala Sitharaman at Paris Summit for New Global Financing Pact

PNB Housing Finance plans to raise capital to the tune of Rs 5,000 crore via issuance of non-convertible debentures (NCDs) on a private placement basis today (June 22)

PNB Housing Finance to raise Rs 5,000 crore

Gold Price today (June 21): Analyst outlook

“Comex spot gold has strong support at $1,925/oz; if price breaks this support, the fall will extend to the $1,910/oz level. The area around $1,960/oz acts as resistance for the day. MCX Gold August future has support at Rs 58,405 and resistance at Rs 59,370,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

“We expect NYMEX WTI crude oil to trade within the range of $69.80 to $73.20 with a negative bias. MCX Crude Oil July future has support at Rs 5780 and resistance at Rs 6,020,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities

Crude oil price outlook today 

Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices today remained stable

Diesel, Petrol Price today (June 22)