Stocks To Watch Today, June 8: Trent, IDFC First Bank, HCLTech, EMS; Gift Nifty Signals Positive Start

Summary

Stocks To Watch Today, June 8: Trent, IDFC First Bank, HCLTech, EMS; Gift Nifty Signals Positive Start Indian markets seen opening higher as Gift Nifty gains, despite global tech rout, oil jumps after Iran Israel tensions, multiple Indian stocks in focus today. Stocks To Watch Today: The Indian equity market is likely to open on a positive note on Monday, despite the tech sell-off deepening globally. Gift Nifty was trading at 23,169.5 as of 8:15 AM IST on Monday, up 72 points or 0.31% from its previous close, indicating a positive start for Indian equity markets. Crude oil prices surged 4 per cent on Monday after Iran launched multiple rounds of missiles toward Israel as a retaliation for the latter’s actions in Lebanon, putting the ceasefire in tatters. WTI and Brent crude climbed above $93 and $96 per barrel, respectively, following the escalation of tensions in West Asia. Recommended Stories - Crude Oil Prices Surge 4% After Iran Missile Strikes on Israel; Asian Markets Tumble Up To 8% - US-Israel-Iran War News Updates: Israel And Lebanon Agree To Ceasefire - Sensex Declines 508 Points After 1,100-Point Swing, Nifty Ends Below 23,400 As FMCG, Financials Drag - Gold Prices Fall Today: Check 22K and 24K Rates In Delhi, Mumbai, Other Cities On June 1 The fresh escalation, along with a tech rout, has sent jitters across the global equity market. The Asian market fell as much as 8 per cent in the morning session on Monday. South Korea’s Kospi remained the biggest laggard, falling 8 per cent to 7,442 before recovering to 7,568. Japan’s Nikkei 225 also slumped 3 per cent or 3000 points intraday to 63,649 amid the sharp selling in tech-related stocks. Last week, US stocks tumbled up to 4 per cent as the tech sell-off deepened with the fears over delay in rate cut over the strong US employment data. Stocks To Watch Today, June 08 Zee Entertainment Share Price in Focus The board will meet on June 10 to consider raising funds through the issuance of equity shares and/or other securities convertible into equity, in one or more tranches. Trent Share Price in Focus The company has allotted 17.8 crore equity shares pursuant to its 1:2 bonus issue. Ixigo Share Price in Focus The company will acquire a 54.66% stake in Brevistay Hospitality for Rs 65.7 crore. IDFC First Bank Share Price in Focus The bank has received KPMG’s forensic audit report on the Chandigarh fraud case and said the Rs 646 crore impact remains in line with previous disclosures. HG Infra Engineering Share Price in Focus The company has transferred a 49% stake in its SPV, HG Raipur Visakhapatnam, to Neo Infra Income Opportunities Fund for Rs 377 crore. EMS Share Price in Focus The company has emerged as the lowest bidder (L-1) for a UP Jal Nigam (Urban) project in Varanasi worth approximately Rs 102.8 crore. Adani Ports Share Price in Focus The company’s subsidiary has incorporated Harbour International Shipping FZCO. HCLTech Share Price in Focus The company has awarded $1 million under its Climate Action Grant initiative to support scalable climate solutions. Tata Steel Share Price in Focus The company said no injuries were reported in the June 3 fire incident at its Port Talbot plant in the UK, with the impact still being assessed. Lenskart Solutions Share Price in Focus Viridian Asia purchased 18.9 lakh shares from Copthall Mauritius at Rs 508.55 per share. Hindustan Zinc Share Price in Focus The company has signed an MoU with TERI to develop a 250-hectare ecological restoration project in Rajasthan.