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Stock Market Today: All You Need To Know Going Into Trade On June 16
- Stocks rose on Monday with a positive start in Indian markets and safe-haven assets like gold and oil in demand amid Israel-Iran tensions.
- India's benchmark indices ended the week lower, with Nifty 50 and Sensex falling, and foreign portfolio investors selling stocks for the third straight session.
- US markets fell as tensions escalated between Israel and Iran, with S&P 500, Nasdaq 100, and Dow Jones Industrial Average declining.
- Notable corporate actions included ITC acquiring Sresta Natural Bioproducts, Moody's upgrading Yes Bank ratings, SpiceJet's revenue decline, and NTPC's raising funds via NCDs.
- Other companies in focus were Natco Pharma, Tata Motors, Arkade Developers, IndusInd Bank, Vedanta, Syngene International, Sun Pharma, and more.
- IPO offering by Oswal Pumps was subscribed, while block deals involved Nazara Technologies, Jubilant FoodWorks, Shalby, and insider trades were seen in companies like NCL Industries and Usha Martin.
- Trading tweaks included price band changes, stocks entering or exiting ASM framework, ex-dividend and ex-bonus issues, and F&O cues showed Nifty June Futures down with certain securities in the ban period.
- In the money market, the Indian rupee closed lower against the US dollar, and the yield on the benchmark 10-year government bond remained flat.
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