 "Markets gear up for Brexit referendum")
Markets are likely to open flat mirroring mixed cues among the global peers. Participants will patiently wait for Brexit poll due today which will decide Britian’s future in, or out, of the European Union.
Advancement of monsoon, global trend, rupee and crude oil movement along with FII stance will dictate the trend on the bourses.
GLOBAL MARKET
Asian equities are trading in a mixed manner following downslide in the US stocks, as investors remain edgy ahead of the UK vote on whether to leave the European Union (EU). Japan’s Nikkei, Singapore’s Straits Times and Hong Kong’s Hang Seng gained between 0.3%-0.5%. Meanwhile, China’s Shanghai Composite has slipped 0.2%.
CORPORATE NEWS
Subscribers of Reliance Communications' CDMA devices, who have a 4G SIM, will now be able to access the service as the company had received the legal intercept and monitoring (LIM) approval from the department of telecom in 12 out of 22 circles.
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Pune-based Force Motors on Wednesday inaugurated its Rs 100 crore greenfield plant for supplying engines and axle to Mercedes-Benz, India's biggest luxury carmaker.
GAIL India has awarded Rs 550 crore worth of contracts for laying part of 'Urga Ganga' gas pipeline from Phulpur in Uttar Pradesh (UP) to Haldia in West Bengal (WB).
AE Tollway Pvt, wholly-owned subsidiary of IRB Infrastructure Developers, has achieved financial closure in terms of the Concession Agreement executed with NHAI for Agra Etawah project by tying up finance of Rs 1,650 crore.
Lupin has received final approval from the US health regulator to market generic Voriconazole tablets as well as oral suspension for treatment of fungal infections in the American market.
The government will sell 2.06 crore shares in NTPC to eligible employees at a price of Rs 115.90, a 5 per cent discount to the price of Rs 122 at which the government sold 5 per cent stake in the power generator in February.
KEC International has submitted to BSE a copy of Press Release dated June 22, 2016 titled "KEC International wins orders of Rs. 1,036 Crore.
Sun Pharma told the stock exchanges that its board will hold a meeting on June 23, 2016 for evaluating a proposal of Buy Back of Equity Shares of the Company.
The government has announced a Rs6,000-crore package for the textiles and apparels sector to help it wrest a bigger share of the global market. The package also provides the sector more flexible labour laws and financial incentives.