FED MEET ON EXPECTED LINE


Global markets r trading higher today after Fed announced a 75 basis point rate hike on expected line & also indicated rate above 3% by year end.Crude & treasure yield are down
 
Nifty trend BEARISH mode till it's trading below 16000 DCB.

FII remain seller. Now 15650 remain an important level to watch ( March low) & for Banknifty 33000 imp

May see a short covering rally above 15900

STOCK'S IN NEWS (16-06-2022)


SBI: The bank increased minimum interest rate for home loan to 7.55%.

UPL: Acquires Speciality Chem & Pharma ingredients Co. Kudos Chemie. 

NBCC: The company secured total business of Rs 330.35 crore during the month of May.

HPCL/BPCL/IOC: Crude & Dollar fall after 75Bps Rate Hike by US FED.

ZOMATO: Jio-BP to provide EV Mobility Services to Zomato.

INDIGO: Jet fuel (ATF) price hiked by 16.3% to all-time high of 31.41 lk/kL in Delhi. 

Alert: ATF price has nearly doubled in 2022, up 91% in last six months

INSIDER TRADES


MUKAND: Promoter Group Bachhraj Factories bought 13,473 shares between June 9 and June 14.

CONFIDENCE PETROLEUM INDIA: Promoter Group Essenn LPG Bottling bought 1 lakh shares on June 13.

KEC INTERNATIONAL: Promoter Group Summit Securities bought 4,000 shares on June 13. Promoter Group Instant Holdings bought 13,776 shares between June 13 and June 14.

JAGRAN PRAKASHAN: Promoter & Director Dhirendra Mohan Gupta bought 8,000 shares on June 13.

SECURITIES IN BAN FOR TRADE DATE 16-06-2022- DELTACORP, IBULHSGFIN, RBLBANK