Nifty futures on the Singapore Exchange moved 1 point, or 0.1%, up to 15,723, indicating that Dalal Street was likely to open Wednesday with little activity. The Nifty50 experienced a new closing low of 2022 on June 14 as the market continued to decline for a third straight day due to traders' caution ahead of the US Federal Reserve's interest rate decision. The Nifty50 dropped 42 points to 15,732 while the BSE Sensex dropped 153 points to 52,694.
According to Nagaraj Shetti, Technical Research Analyst at HDFC Securities, the Nifty50 has created a modest positive candle with a long upper shadow on the daily chart.
"There is no sign of a rapid recovery developing from the 15,700–15,650 levels, which are close to critical support... By the following one to two weeks, there is a greater chance that the recently developed downward gap will be filled.
For Rs 18.84 crore, the paint business purchased a 51% interest in Weatherseal Fenestration. The business now has a subsidiary called Weatherseal Fenestration.
PNB Housing Finance
The business stated in its BSE filing that the issuance of non-convertible debentures totaling up to Rs 2,000 crore on a private placement basis has been approved by the board of directors.
For its 1,200 TPD lignite to methanol project, Neyveli Lignite Corporation has hired Engineers India as a project management consultant. In 2027, this historic project is anticipated to be put into operation.
The National Highways Authority of India and subsidiary GR Bandikui Jaipur Expressway Private Limited have signed the concession agreement. A 4-lane greenfield expressway spur from the Delhi-Vadodara Greenfield highway close to Bandikui to Jaipur is being built as part of the Rs 1,368 crore Bharatmala Pariyojana Phase-1 project in Rajasthan.
The Gujarati Kawas Solar Project's 15 MW of solar capacity will start operating commercially under the control of the state-owned utility company. The capacity is a component of the 56 MW Kawas Solar Project, which is situated in the state's Kawas area close to Surat.
The top telecom company revealed Xstream multiplex, which is claimed to be the first multiplex in India for the metaverse. The multiple Xstream.
The LIC-owned lender reported raising interest rates on retail term deposits under Rs 2 crore by up to 25 basis points (bps). Domestic term deposits, non-resident ordinary (NRO), and non-resident external (NRE) term deposits would all be subject to the new rates starting on June 15.
A wholly owned subsidiary of the lender, Yes Securities, stated that it is optimistic about growing its presence in more West Bengali cities and does not anticipate any negative effects on retail investors' interest in the stock market, despite a strong drop and significant volatility. It stated that it intended to increase to 24 the number of physical stock trading branches.
With effect from July 1, 2022, Priyadarsi Bastia is appointed as the company's chief financial officer and other important managerial positions. It happened following P Krishnamoorthy's resignation as the business's chief financial officer.
Young children living with HIV in South Africa now have access to a child-friendly 4-in-1 anti-retroviral medication thanks to Cipla and the nonprofit research and development organization DNDi. Cipla and the Drugs for Neglected Diseases project created this combo therapy (DNDi).
Dev Information Technology
The company has received orders for RajKisan Saathi, an online integrated portal for farmers that offers services for agriculture, horticulture, seed certification, seed corporations, and agriculture marketing, totaling Rs 2.52 crore.