Benchmark indices ended Thursday’s session in the red. Now all eyes will be on ECB’s policy outcome. According to share market analysts, market could remain consolidative for the next few days, as several other central banks would be announcing their policy decisions
Wipro, HDFC Life Insurance Company, Piramal Enterprises, Angel One among stocks to watch on Friday
Shares of Wipro will turn ex-date for share buyback on Friday. The company announced the Rs 12,000-crore share buyback of up to 269,662,921 shares of face value Rs 2 each on a proportionate basis, by way of a tender offer, at a price of Rs 445 per equity shares
Shares of HDFC Life Insurance Company will trade ex-dividend on Friday, June 16, 2023. The company had announced a final dividend of Rs 1.9 per equity share
Shares of Piramal Enterprises will trade ex-dividend on Thursday, June 16, 2023. The company had announced a final dividend of Rs 31 per equity share
Shares of Power Finance Corporation will trade ex-dividend on Thursday, June 16, 2023. The company had announced a final dividend of Rs 4.5 per equity share
Boston-based private equity firm Bain Capital offloaded 0.7% stake worth $267 million in Axis Bank via a block deal today. The offer price range for the block deal was likely in Rs 966 to Rs 977.70, according to reports.
Jindal Steel and Power Ltd (JSPL) announced a restructuring plan for its subsidiary, Jindal Steel & Power (Mauritius) Ltd, which will reduce outstanding loans extended by JSPL to JSPML by Rs 7,776.51 crore
Shares of Angel One will trade ex-dividend on Thursday, June 16, 2023. The company had announced a final dividend of Rs 4 per equity share
“Nifty remained sideways as the investors remained at the sideline ahead of the Fed rate decision. However, the trend remains positive as the index closed above the critical near-term moving average. The momentum oscillator RSI is in a bullish crossover. Resistance on the higher end, is placed at 18,800-18,900. On the lower end support is seen at 18,700/18,600,” said Rupak De, Senior Technical at LKP Securities
“Bank Nifty has decisively broken the consolidation range of 44,000–44,500 on the downside and is likely to head lower over the next few trading sessions. On the downside, we expect the Bank Nifty to target levels of 43,000,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas
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