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All You Need To Know Going Into Trade On July 12 – BloombergQuint

Pledge Share Details

Gayatri Projects: Promoter T. Indira Reddy revoked a pledge of 14.92 lakh shares on July 7.

Insider Trades

  • Oriental Hotels: Promoter Dodla Venkataramani sold around 33,268 shares on May 25.

  • Mold-Tek Packaging: Promoter Mold-Tek Technologies bought 81,374 shares between June 30 and July 2.

Who’s Meeting Whom

IRCTC: To meet Madhu Kela, CIO from Cohesion Fund M K Trust on July 14 and Dhawal Mehta of Somerset Capital Management Singapore on July 13

Trading Tweaks

Ex-Date Final Dividend: UCO Bank, Artemis Medicare Services, Rajratan Global Wire, Polycab India, Camlin Fine Sciences, Alkyl Amines Chemicals, Punjab & Sind Bank, Rane (Madras), Dwarikesh Sugar Industries, Bosch, Persistent Systems, Syngene International, Seshasayee Paper and Boards, Thirumalai Chemicals

Price Band Revised From 10% To 5%: 3P Land Holdings, Kingfa Science & Technology (India), Vishal Fabrics

Move Into Short-Term ASM Framework: Sanginita Chemicals, Agro Phos India, IIFL Securities

Move Into Long-Term ASM Framework: Premier Polyfilm, Oswal Agro Mills, Creative Peripherals and Distribution, Nahar Capital and Financial Services

Money Market Update

Indian bond traders will be awaiting the release of key inflation data later in the day that’s likely to show price pressures further accelerated above the central bank’s upper 6% tolerance level.

  • Consumer price index probably rose 6.59% y/y in June after rising by 6.30% in May, according to a Bloomberg survey

  • NOTE: RBI Governor Shaktikanta Das in a recent interview said that recent inflation humps were ‘transitory’ and an early exit from pandemic stimulus may hurt gains; he expects inflation to ease from third quarter of fiscal year

  • 10-year yields rose 6bps to 6.19% on Friday after the central bank auctioned a new benchmark 10-year bond at a higher 6.1% coupon

  • USD/INR fell 0.1% to 74.6350 on Friday