Market Commentary     05-Jun-24
Stock Alert
Stock alert: SBI, Bharat Forge, Hindalco, Wipro, Jindal Stainless
State Bank of India board will meet on June 11th to consider long-term fund raising in single/multiple tranches of up to $3 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2024-25.

Bharat Forge will be in focus. Class 8 truck orders in North America increased by 39% year-on-year and 35% on a month-on-month basis in May to 18,900 units.

Hindustan Aeronautics said the Sukhoi 30 MKI aircraft crashed Tuesday while on a test sortie from the company's Nashik Division. Both pilots ejected safely; a technical snag was reported by the pilots.

Hindalco Industries' US subsidiary Novelis said early on Wednesday that it plans to postpone its $945 million initial public offering, citing 'market conditions'.

Wipro announced that it has partnered with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support platform.

Tata Motors incorporated the wholly owned unit TML Commercial Vehicles as part of the proposed demerger.

Jindal Stainless acquired a 100% stake in Evergreat International Investment.

Container Corporation of India signed a MoU with Shipping Corporation of India to provide end-to-end logistics solutions.

NLC India will consider raising a foreign currency loan of up to $600 million on June 10.

Shilpa Medicare's wholly owned subsidiary filed its first drug master file of recombinant human albumin 20% with the USFDA.

Previous News
  State Bank of India raises Rs 10,000 cr via infra bond issuance
 ( Corporate News - 10-Jul-24   17:35 )
  State Bank of India concludes issuance of long term bonds of Rs 10,000 cr
 ( Corporate News - 10-Jul-24   15:59 )
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  Nifty July futures trade at premium
 ( Market Commentary - Futures Market 03-Jul-24   16:19 )
  NLC India records 22% growth in Lignite production in Q1 FY25
 ( Corporate News - 02-Jul-24   16:29 )
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 ( Market Commentary - Futures Market 01-Jul-24   16:32 )
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 ( Market Commentary - Futures Market 28-Jun-24   16:27 )
  Sensex climbs 303 pts; PSU banks advance
 ( Market Commentary - Mid-Session 28-Jun-24   10:33 )
  State Bank of India allots long term bonds aggregating Rs 10,000 cr
 ( Corporate News - 27-Jun-24   17:00 )
  Nifty June futures trade at premium
 ( Market Commentary - Futures Market 27-Jun-24   16:22 )
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