Best Stock Tips For Today (22nd June)

The BSE Sensex is trading at 31,400 up 116 points, while NSE Nifty is trading at 9666 up 32 points. A total of 44 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE. The BSE mid-cap Index is trading up 0.49% at 14,922, while BSE small-cap Index is trading up 0.58% at 15,787. Some buying activity is seen in Realty, Metal and Auto indices, while FMCG and Oil & Gas indices are showing weakness on BSE. Aurobindo Pharma, Power Grid, Eicher Motors and HDFC are among the gainers, GAIL, Lupin, ONGC and BPCL are losing on the NSE.

Best Stock Tips For Today (22nd June)

Federal bank
Today the QIP of Federal Bank will open and its floor price is fixed at Rs. 117.04. The Federal Bank is planning to raise $ 31 million via QIP.

IDFC
RBI has lifted the ban on foreign investment in IDFC. IDFC exceeds 48 per cent foreign investment limit.

Jaiprakash Associates
Creditors have relieved Jaiprakash Associates from insolvency proceedings. Creditors have got approval to repay the loan by selling the land. A plan to return 13,000 crore rupees to the bank by selling the land of Jaiprakash Associates.

MCX
SEBI has allowed the AIF, which is allowed to invest in commodity futures, the Alternative Investment Fund. SEBI was considering this issue with the government for a long time. Sebi’s decision has opened the way for institutional investors in commodity trading.

HUL / ITC / Marico / Hero Moto / TVS Motor / Bajaj Auto
Estimated rainfall less than average during June-August. Japan’s weather agency has feared weak monsoon. According to Marine-Earth Science, there is a possibility of weak monsoon in many countries including India.