16 June 2021: Pre Market Report
Yesterday market opened with a gap up and went all the way to cross 15900 and then came down to close at yet another historic high of 15869.3 US markets were down yesterday There is a FED meeting in the US tonight (Morning in the US) to discuss the monetary policy Predictions are that the interest rates will be kept unchanged to support the economy. If it happens so, we might see a further continuation of bullishness. If any interest rates are hiked, then we will see some more down move. Let's wait for tomorrow morning's update
These stocks saw a high delivery percentage yesterday, which means that many people are interested to invest in these stocks.

Bulk deals
Globus Spirits: Templeton Strategic Emerging Markets Fund IV LDC sold 2.36 lakh equity shares in Globus Spirits at Rs 430.18 per share on the NSE, the bulk deals data showed.
Jagran Prakashan: Franklin Templeton Mutual Fund sold 16,17,687 equity shares in Jagran Prakashan at Rs 61.79 per share on the NSE, the bulk deals data showed.
Zee Learn: Morgan Stanley Asia (Singapore) Pte - ODI sold 40,18,490 equity shares in Zee Learn at Rs 18.69 per share on the NSE, the bulk deals data showed.
Newgen Software Technologies: Promoters sold a 10.57 percent stake to a group of institutional investors. As per BSE bulk deals data, promoters Priyadarshini Nigam sold 13,99,114 equity shares at Rs 454 per share, Diwakar Nigam sold 27,98,228 shares at Rs 454.2 per share, and Varadarajan sold 31.96 lakh shares at Rs 454 per share. Kuber India Fund acquired 11,01,000 equity shares in Newgen Software, Mukul Mahavirprasad Agrawal bought 6 lakh shares, MS Param Value Investments 5 lakh shares, AL Mehwar Commercial Invstments LLC 6.21 lakh shares, Ashoka India Opportunities Fund 10,01,000 equity shares, India Acorn Fund 3.73 lakh shares, and Abu Dhabi Investment Authority 16.52 lakh shares. These shares were acquired at a price of Rs 454 per share on the BSE.
Results Today
RITES, Asahi India Glass, CESC, Commercial Syn Bags, DIC India, Kakatiya Cement Sugar, Manaksia Steels, Nureca, Pritika Auto Industries, Somany Ceramics, and Welspun Enterprises will release quarterly earnings today.
Stocks in News
Flexituff Ventures International: The company reported loss at Rs 1.33 crore in Q4FY21 against Rs 7.82 crore in Q4FY20; revenue rose to Rs 265.5 crore from Rs 178.35 crore YoY.
Lupin: Life Insurance Corporation of India acquired 2.019 percent stake in Lupin via open market transaction, raising stake to 6.629 percent from 4.61 percent.
Wipro: The company collaborated with Aachen-headquartered FEV to open Innovation Lab for developing Software Defined Vehicles. The company expanded partnership with Levi Strauss & Co. to support digital commerce.
Hindustan Organic Chemicals: The company reported consolidated profit at Rs 7.5 crore in Q4FY21 against loss of Rs 20.39 crore in Q4FY20; revenue increased to Rs 110.55 crore from Rs 92.75 crore YoY.
KPI Global Infrastructure: The company signed new long term Power Purchase Agreement (PPA) with Polycab India, Vadodara for sale of 5.70 MW solar power for their different units for a period of 20 years under Independent Power Producer business vertical.
LIC Housing Finance: The company reported lower standalone profit at Rs 398.92 crore in Q4FY21 against Rs 421.43 crore in Q4FY20; revenue rose to Rs 4,967.69 crore from Rs 4,920.17 crore YoY.
According to pivot charts, the key support levels for the Nifty are placed at 15,840.53, followed by 15,811.87. If the index moves up, the key resistance levels to watch out for are 15,899.73 and 15,930.27.