BPCL, Vodafone Idea, ITC, SBI, HDFC, HDFC Bank, Zomato, Bajaj Auto focus on weekly F&O expiry

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National stock indices snapped their 2-day rally on Wednesday as BSE Sensex and NSE Nifty 50 ended in the red. The S&P BSE Sensex fell 709 points, or 1.35%, to end at 51,823 while the NSE Nifty 50 closed at 15,413, down 226 points or 1.44%. However, entering Thursday’s trade, SGX Nifty was suggesting that Dalal Street might see an early gap. The nifty futures were trading down 29 points or 0.2% at 15,426 on the Singapore exchange. Asian stock markets were mostly trading higher, while US indices fell overnight on Wall Street.

Analysts say the market showing an immediate reversal from the upside bounce is not a good sign for the bulls to hold the highs. “Now, Nifty can be expected to slide towards the important 15200 level support zone over the next few sessions. Immediate resistance is placed at 15560,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities .

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Stocks to Watch

BCL: State-owned Bharat Petroleum Corporation (BPCL) plans to enter into a forward agreement with Russia for crude oil imports. While the talks are at an early stage, a source said “BPCL officials are already hard at work.”

Vodafone idea: The Board of Directors of Vodafone Idea (VIL) on Wednesday approved a fundraising of up to Rs 436.21 crore from Euro Pacific Securities, which is an entity of the Vodafone Group and promoter of the company, on a preferential basis .

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CCI: Conglomerate ITC’s diverse portfolio of non-cigarette FMCG brands accounted for annual consumer spending of more than Rs 24,000 crore in FY22, growing around 9% year-on-year. ‘other.

SBI Bank, HDFC, HDFC: State Bank of India is aware of the competitive impact of the merger of Housing Development Finance Corporation with HDFC Bank and is preparing for the challenge, Chairman Dinesh Khara told the bank’s 67th Annual General Meeting (AGM) .

Zomato: Zomato’s board of directors will meet on June 24 to likely approve the acquisition of online grocery startup Blinkit (formerly Grofers). While Zomato, in a regulatory filing on Wednesday, didn’t say whether the next board meeting was related to the Blinkit deal, it simply said it was to discuss a potential acquisition. .

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Bajaj Auto: Bajaj Auto will review the share buyback proposal on June 27. The auto company informed exchanges that the board will meet on June 27 to deliberate further on the company’s share buyback proposal.

Delhitrès: Delhivery: A logistics company has announced plans to expand its facilities in Bhiwandi (Greater Mumbai) and Bengaluru to improve its processing capacity to meet demand from the southern and western parts of the country.

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