Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 10.25 points at the opening bell.
In overseas markets, Asian stocks were mixed. China's consumer inflation rose less than forecast in May as pressure from high food prices eased, while producer prices recovered more than forecast. The consumer price index (CPI) rose 2.0% in May, compared with a 2.3% increase in April. The producer price index (PPI) fell 2.8% in May, easing from a 3.4% drop in April, and rose 0.5% month-on-month. US stocks rose yesterday, 8 June 2016 with Dow Jones Industrial Average rising above 18,000 for the first time since April as a weaker dollar lifted some commodity-related shares
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 529.16 crore yesterday, 8 June 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 257.76 crore yesterday, 8 June 2016, as per provisional data.
Among corporate news, BPCL will be in focus after the Reserve Bank of India (RBI) raised the ceiling on investment in the company's shares by foreign institutional investors (FIIs) to 49% of the company's equity from earlier 24%. It may be recalled that BPCL last week got shareholders' nod for raising the ceiling on investment by FIIs in the company's equity.
Adani Ports and Special Economic Zone said that India Ratings & Research has assigned final 'IND AA+' rating with 'Stable Outlook' to the company's proposed non-convertible debentures (NCDs) of Rs 200 crore. The announcement was made after market hours yesterday, 8 June 2016.
Tata Motors announced that its global wholesales including Jaguar Land Rover (JLR) rose 10% to 87,414 units in May 2016 over May 2015. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range rose 11% to 32,375 units in May 2016 over May 2015. Global wholesales of all passenger vehicles rose 10% to 55,039 units in May 2016 over May 2015. The announcement was made after market hours yesterday, 8 June 2016.
Wipro announced a partnership with Mountain View based Authentise Inc, a leading provider of 3D printing technologies and consulting services. This strategic partnership between Wipro and Authentise will enable adoption of additive manufacturing among the global 2,000 companies, Wipro said in a statement. The announcement was made after market hours yesterday, 8 June 2016.
HCL Technologies announced that it has signed partnerships with two leading automotive solution providers to expand its offerings for the fast-growing smart vehicle ecosystem. Working to enhance HCL's existing Smart Mobility and Vehicle Engineering Services, alliances with Movimento and Rightware will bring invaluable services to HCL's clients, the company said in a statement.
Movimento is a leading provider of over-the-air (OTA) update solutions for automotive solution providers. The partnership between Movimento and HCL will offer automotive lifecycle management, updates and support for on-and off-board software, the company said. The company's partnership with Rightware, a leader in advanced user interface (UI) technology for automotive applications, will enable HCL to help automotive solution providers and Tier-1 manufacturers with all aspects of advanced UI creation, including design, development, systems integration, deployment and support, HCL Technologies said in a statement. The announcement was made after market hours yesterday, 8 June 2016.
Infosys turns ex-dividend today, 9 June 2016 for final dividend of Rs 14.25 per share for the year ended 31 March 2016 (FY 2016).
Bosch turns ex-dividend today, 9 June 2016 for dividend of Rs 85 per share for the year ended 31 March 2016 (FY 2016).
Aurobindo Pharma turns ex-dividend today, 9 June 2016 for interim dividend of Rs 0.70 per share for the year ending 31 March 2017 (FY 2017).
In what was a lackluster trading session, the two key benchmark indices registered minuscule gains yesterday, 8 June 2016. The Sensex rose 10.99 points or 0.04% to settle at 27,020.66, its highest closing level since 28 October 2015.
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