Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 18.50 points at the opening bell.
In overseas stock markets, Asian markets were higher today, 22 June 2015, with investors encouraged by signs of a compromise in Greece's debt talks with its creditors. US stocks closed lower on Friday, 19 June 2015, following the Nasdaq's record high as investors eyed developments in the Greece debt negotiations amid quarterly options expirations.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 106.12 crore during previous trading session on Friday, 19 June 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 447.55 crore on Friday, 19 June 2015, as per provisional data.
Among corporate news, Punjab National Bank turns ex-dividend today, 22 June 2015, for dividend of Rs 3.30 per share for the year ended 31 March 2015.
Infosys after market hours on Friday, 19 June 2015 said that Sharjah Islamic Bank (SIB), a leading Sharia-compliant bank in the Middle East, has selected Infosys' Finacle e-Banking and Mobile Banking solutions to enhance customer service and deliver new-age channel banking experiences. With Finacle, SIB will be able to offer its customers a wide range of features for secure account management and aggregation, fund transfer, payment and financial management, Infosys said in a statement.
Separately, Infosys said after market hours on Friday, 19 June 2015, that Hrvatska Postanska Banka (HPB), a leading state-owned financial institution in Croatia, has selected the Finacle Payments solution to deliver bespoke payment offerings and superior customer experience. The new solution will enable HPB to streamline its payments operations and simultaneously serve its target markets in a cost-effective and flexible manner. The Finacle solution will also help HPB to comply with Single Euro Payments Area (SEPA) requirements and support Croatia's harmonization process with European Union regulations and Payment Service Directive, the company said in a statement.
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Meawhile, Infosys also bagged a multi-year IT managed services deal from New York-based wellness company NBTY. As part of the deal, Infosys will provide development and support services for NBTY's IT systems. NBTY is a manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements.
Dr Reddy's Laboratories after market hours on Friday, 19 June 2015, announced the launch of HAiROOTZ, the first hair growth supplement to be marketed in India as over-the-counter (OTC) product by the company. HAiROOTZ comes from the same branch of business that markets MINTOP, the No. 1 dermatologist recommended brand in the country, Dr Reddy's Laboratories said in a statement.
The India Meteorological Department (IMD) said in its daily monsoon update issued yesterday, 21 June 2015, that the southwest monsoon has further advanced into some more parts of Chhattisgarh, remaining parts of Odisha and West Bengal and some parts of Jharkhand. Conditions are favourable for further advance of southwest monsoon into remaining parts of north Arabian sea, Gujarat state, Chhattisgarh, Jharkhand, entire Bihar, Uttarakhand, Himachal Pradesh, Jammu & Kashmir, most parts of Madhya Pradesh and some parts of Uttar Pradesh, Punjab, Haryana, Chandigarh & Delhi and Rajasthan during next 3-4 days, the IMD said. The Southwest monsoon has been vigorous over Odisha, Vidarbha, Coastal Andhra Pradesh, Telangana and South Interior of Karnataka and active over Konkan & Goa and Coastal Karnataka during the past 24 hours ending at 830 hrs, the IMD said.
For the country as a whole, the cumulative rainfall during this year's monsoon season was 11% above the Long Period Average (LPA) until 20 June 2015. Region wise, the southwest monsoon was 22% above the LPA in Central India, 20% above the LPA in South Peninsula, 5% above the LPA in East & Northeast India and 13% below the LPA in Northwest India until 20 June 2015.
The June-September southwest monsoon is critical for the country's agriculture because a considerable part of the country's farmland is dependent on the rains for irrigation.
Oil, banks and FMCG stocks led gains for key benchmark indices on Friday, 19 June 2015. The S&P BSE Sensex rose 200.34 points or 0.74% to settle at 27,316.17, its highest closing level since 1 June 2015.
In overseas stock markets, Asian markets were higher today, 22 June 2015, with investors encouraged by signs of a compromise in Greece's debt talks with its creditors. Key indices in Japan, Hong Kong, Taiwan, Singapore and South Korea were up 0.2% to 1.3%. In Indonesia, the Jakarta Composite was off 0.08%. Chinese stock market was shut for a holiday.
US stocks closed lower on Friday, 19 June 2015, following the Nasdaq's record high as investors eyed developments in the Greece debt negotiations amid quarterly options expirations.
European leaders have intensified their efforts to reach a deal over the Greek debt crisis, ahead of an emergency Brussels summit today, 22 June 2015, to break the deadlock. Greece is still struggling to reach a reform agreement with its lenders, which would unlock the next portion of bailout money needed to repay 1.6 billion euros ($1.82 billion) to IMF by the end of June.
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