THE NIFTY, NIFTY BANK MOVED DOWN

DERIVATIVE PICKS

TOP DELIVERY PERCENTAGE

UPCOMING ECONOMIC DATA

NEWS UPDATES

• Benchmark indices ended lower with Nifty around 18,750 in the volatile session on June 19. At close, the Sensex was down 216.28 points or 0.34percentat 63,168.30, and the Nifty was down 70.50 points or 0.37percentat 18,755.50. About 1,623 shares advanced, 1,937 shares declined, and 163 shares were unchanged.

• India plans to cut fertiliser subsidy to Rs 1 lakh crore each in FY25 and FY26 after implementing the PM PRANAM scheme and the liberalised Market Development Assistance scheme, which the Union Cabinet is likely to approve this week, a government official said.

• Coal India to sell 92.44 lakh shares to employees via OFS; stock dips, The employee OFS will remain open from June 21 to June 23. Earlier this month, the government mopped up Rs 4,185 crore through a 3 percent stake sale in Coal India through an OFS.

• The latest credit data from China has fuelled concerns that the country’s authorities may face challenges in stimulating economic growth, a recent report titled, Pain and its limits, by Jefferies said.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

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Kiran Tahlani, Elite Wealth Limited, kirantahlani@elitestock.com

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