Good Morning everyone, As we discussed in the post-market report yesterday, Nifty is now at an important level of 15750 which can be considered support if it takes off from here, but if this level is broken, then we might see some more sell-off in the market-leading to another fall today. If you missed the post-market report yesterday, you can read that by clicking here.

Global Markets

Asian stock markets were trading higher in early trade this morning. Japan’s Nikkei 225 rose 0.55 percent, and the Topix edged up 0.45 percent. South Korea’s Kospi was up 0.31 percent. US stock indices on Wall Street ended with gains in overnight trade. The Dow Jones Industrial and S&P 500 were up 0.03 percent, each, and Nasdaq Composite gained 0.2 percent.

Indian Market

Trends on the SGX nifty signals a positive gap upstart to the index this morning, which will lead to a fall near 15750, which if broken will lead the market down or it might take support from there and move up.

Since Global & Asian markets are already running positive, there are chances that our market also takes support and moves up as we don't see any negative data comings around.

Results on June 30

More than 900 companies will release their quarterly earnings on June 30 including SpiceJet, Vodafone Idea, Alankit, Anant Raj, Archies, BF Utilities, BGR Energy Systems, Binani Industries, Dish TV India, Emami Realty, Fiem Industries, GM Polyplast, Indowind Energy, IRCON International, IVRCL, Liberty Shoes, McNally Bharat Engineering, MEP Infrastructure Developers, Ortel Communications, Sadbhav Engineering, Sanwaria Consumer, Sequent Scientific, Simbhaoli Sugars, Simplex Infrastructures, SREI Infrastructure Finance, Ucal Fuel Systems, Vikas EcoTech, VIP Clothing, Zenith Exports, and Zodiac Clothing.

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 116.63 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,810.05 crore in the Indian equity market on June 29

Stock Specific news:

Pharma stocks | Pharma majors including Cipla, Dr Reddy’s Laboratories, Sun Pharmaceutical Industries, and Torrent Pharmaceuticals will collaborate for the clinical trial of the investigational oral anti-viral drug Molnupiravir for the treatment of mild COVID-19 in an outpatient setting in India.

Reliance Industries | The company has signed an agreement with Abu Dhabi National Oil Company (ADNOC) to join a new world-scale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Cipla | The company said it is supporting Moderna with the regulatory approval and importation of vaccines to be donated to India. At this stage, there is no definitive agreement on commercial supplies.

Indiabulls Housing Finance | The company’s board has approved a proposal to raise over Rs 7,000 crore through various means. This includes USD 275 million (Rs 2,043.43 crore) by issuing equity shares or other instruments.

IndusInd Bank, McLeod Russel | IndusInd Bank has sold more than 70 lakh shares, which it acquired through the invocation of pledged shares, of tea manufacturing firm McLeod Russel.

Tata Coffee | ICRA has upgraded the long term rating to AA+/Stable from AA/Stable, and re-affirmed the short term rating at A1+.

IRCTC | The company’s Q4FY21 net profit fell 23 percent to Rs 103.78 crore from Rs 135.14 crore, while revenue dropped to Rs 358.25 crore from Rs 595.70 crore. YoY.

Bharat Electronics | The Indian Navy inked a pact with the company to develop emerging technologies related to artificial intelligence, quantum computing and robotics.

AstraZeneca Pharma India | The company has filed a writ petition before the Delhi High Court challenging a demand notice from the National Pharmaceutical Pricing Authority (NPPA) alleging overcharging of Tagrisso 80 mg tablets by the company.

Ruchi Soya Industries | The company reported a net profit of Rs 314.33 crore in Q4FY21 against a net loss of Rs 41.24 crore, YoY. Total income rose to Rs 4,859.5 crore from Rs 3,209.02 crore, YoY.

Uflex | The company’s Q4FY21 consolidated net profit jumped to Rs 264.95 crore from Rs 100.90 crore, while revenue rose 45.05 percent to Rs 2,571.77 crore from Rs 1,773 crore, YoY.

GOCL Corporation | The company’s Q4FY21 consolidated net profit jumped to Rs 27.48 crore from Rs 13.81 crore, while income stood at Rs 150 crore against Rs 151 crore, YoY.