Latest news with #CSI300
CNBC
18 hours ago
- Business
- CNBC
CNBC Daily Open: Intensifying Israel-Iran conflict puts investors on shaky ground
The conflict between Israel and Iran is intensifying, with both countries not backing down from strikes and their leaders continuing to issue heated rhetoric. The prospect of the United States potentially joining the fray — which Russia warned would cause "a terrible spiral of escalation" — is putting the world on a knife's edge. That unease is reflected in the markets. While U.S. exchanges were closed Thursday for a holiday, futures retreated in the evening local time. Across the Atlantic, travel and leisure stocks suffered the most as the Middle East conflict cast a shadow over international aviation. At the Paris Air Show, however, aircraft manufacturers are still booking billions in orders. Airbus had secured more than $20 billion in deals as of Thursday, according to Reuters calculations. That said, those encouraging numbers may not reflect immediate optimism about the global economy or geopolitics — aircrafts take years to deliver, and both Airbus and Boeing have a backlog of more than 8,000 and 5,000 aircrafts respectively. Until investors get a clearer sense of whether the U.S. will launch strikes on Iran, markets aren't likely to find solid ground.U.S. futures slip after trading reopensU.S. futures slipped Thursday evening stateside. Regular trading in the U.S. was closed for the Juneteenth holiday. While, oil prices for both U.S. crude oil rose, international benchmark Brent fell nearly 3%. Asia-Pacific markets rose Friday. China's CSI 300 added 0.26% at 1:30 p.m. Singapore time, as the country's central bank kept its benchmark lending rates unchanged. Meta tried to buy OpenAI co-founder's startupEarlier this year, Meta tried to acquire Safe Superintelligence, the artificial intelligence startup launched by OpenAI co-founder Ilya Sutskever, according to sources familiar with the matter. Sutskever turned down Meta and its attempt to hire him, the sources said. But Daniel Gross, the startup's CEO, and former GitHub CEO Nat Friedman will join Meta as part of Mark Zuckerberg's deal with NFDG, a venture capital firm both men run. Inflation in Japan highest in two yearsRice prices in Japan more than doubled in May, spiking 101.7% year over year and marking their largest increase in over half a century. The surge in rice prices comes as Japan's annual core inflation rate, which excludes fresh food costs, climbed to 3.7% in May, the highest since January 2023 and more than the 3.6% expected by economists polled by Reuters. Labubu-maker's shares slumpHong Kong-listed shares of Pop Mart, the toymaker behind the smash hit Labubu, continued to tumble Friday. Pop Mart first gained popularity with its "blind box" concept, a business model criticized by People's Daily, the Chinese Communist Party's official newspaper, on Friday. Morgan Stanley said in a note late Wednesday it was replacing Pop Mart with insurance company PICC P&C in the firm's China and Hong Kong focus list. Airbus stole the show in ParisAirbus dominated the order books at the Paris Air Show. The European aircraft manufacturer had racked up nearly $21 billion of orders as of Thursday morning, per a Reuters calculation. That included 132 firm orders on Monday, from customers including Saudi leasing firm AviLease, Japan's ANA and Poland's LOT, versus 41 for Boeing and 15 for Brazil's Embraer, according to a tally by aviation advisory IBA. [PRO] Berkshire stocks drop without BuffettWarren Buffett once predicted that Berkshire Hathaway stock would rise when he eventually steps down. So far, the opposite has happened. Since May 3, when the "Oracle of Omaha" announced his plans to hand over the reins, Berkshire stock has lost more than 10%, underperforming the S&P 500 by about 15 percentage points. Some think it could fall even more. Is India's hot IPO market cooling, or is it a blip? Twelve months ago, India's initial public offering market was booming, with tech startups from food and grocery delivery player Swiggy to electric two-wheeler manufacturer Ola Electric at the cusp of their debut. This year, however, there has been a pronounced change. There have been just 99 listings so far, down from 147 in the same period a year ago, according to FactSet data. Several companies have put their listing plans on hold given weak investor sentiment and the bleak macroeconomic outlook, despite having received approval from the Securities and Exchange Board of India.
The Star
19 hours ago
- Business
- The Star
FBM KLCI perks up in late-morning trade as regional sentiment improves
KUALA LUMPUR: A late-morning rally in Bursa Malaysia's blue chips leading up to the lunch break took the FBM KLCI into positive territory on Friday. The benchmark index, which had been range-bound for much of the early session, jumped 3.35 points to 1,504.79 in a surge of buying interest marked by gains in financial heavyweights. Broader market sentiment, however, remained subdued as the number of declining issues outweighed advancing by a ratio 1.87-to-1. There was also subdued trading on the market with 1.15 billion shares changing hands for a low value of RM663.67mil as investors awaited the outcome of trade negotiations of Malaysian policymakers in Washington. In banking counters, CIMB rose 11 sen to RM6.69 and Maybank gained seven sen to RM9.67. Hong Leong Bank climbed 16 sen to RM19.56, followwed by eight sen for RHB to RM6.32 and three sen for Public Bank to RM4.22. Nestle reversed its earlier losses to put on RM16 sen to RM71.72 while Kuala Lumpur Kepong gained 24 sen to RM19.96. Of actives, PUC rose 0.5 sen to 2.5 sen, Astro dropped 1.5 sen to 16 sen and Pavilion REIT shed two sen to RM1.52. In regional markets, there was some rebound in equities prices after US President Donald Trump said he would wait two weeks before deciding on a potential attack on Iran. Hong Kong's Hang Seng snapped three days of losses to rise 1.15% to 23,504. China's blue-chip CSI300 added 0.24% to 3,852 while the country's composite index was little changed at 3,364. Japan's Nikkei slid 0.12% to 38,443.
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Business Standard
a day ago
- Business
- Business Standard
Stocks to Watch today, June 20: HDFC Bk, Nestle, Concor, Sai Life Sciences
Stocks to Watch today, June 20: Indian equities are poised for a flat start as speculation over potential US intervention in West Asia has grabbed the market's attention. Last seen, GIFT Nifty futures were down 14 points at 24,789. On Thursday, reportedly, Israel bombed nuclear targets in Iran and Iran fired missiles and drones at Israel after hitting an Israeli hospital overnight, as a week-old air war escalated with no sign yet of an exit strategy from either side. Meanwhile, the White House said US President Donald Trump will make a decision within the next two weeks whether to get involved on Israel's side. Global markets were mixed post the developments. On the Asia-Pacific front, last checked, mainland China's CSI 300 was up 0.18 per cent, Hong Kong's Hang Seng up 0.23 per cent, Japan's Nikkei flat, and Australia's ASX 200 down 0.38 per cent. Overnight, futures tied to the Dow Jones Industrial Average slipped 154 points, or 0.3 per cent. Nasdaq 100 futures ticked down 0.2 per cent, while S&P 500 futures fell 0.2 per cent. Regular trading was closed in the US on Thursday for the Juneteenth holiday. CATCH STOCK MARKET UPDATES LIVE TODAY Here is a list of stocks to watch today, Friday, June 20, 2025: Block deal alert: Sai Life Sciences: Reportedly, TPG Asia is likely to sell 6 per cent stake through block deals at a floor price of ₹710 per share at a discount of 2.5 per cent from current market price (CMP). The offer size of the deal at ₹887.8 crore. HDFC Bank: Non-banking arm unit of HDFC Bank, HDB Financial Services has fixed its initial public offering's (IPO's) price band at ₹700 to ₹740 per equity share of face value of ₹10 each. Consequently, the minimum bid lot for the IPO has been fixed at 20 shares and applications may be made in multiples of 20 thereafter. HDB Financial Services IPO will open on June 25, 2025, and will conclude on June 27. Nestle India: The board is scheduled to consider a bonus share issue on June 26. Meanwhile, Nestle and IndusInd Bank will be removed from the BSE Sensex on June 23 as part of the index's rebalancing. They will be replaced by Trent and Bharat Electronics, both gaining visibility after their inclusion in the Nifty 50, adding momentum to index-linked fund interest. Container Corporation of India: Concor has set July 4, 2025, as the record date for its 1:4 bonus share issue. Hindustan Aeronautics: HAL's board is set to mull final dividend for FY25 on June 27. Kaynes Technology India: The company launched its qualified institutional placement (QIP) at a floor price of ₹5,625.75 per share. ITD Cementation: The company has secured two new contracts worth ₹960 crore. Ashoka Buildcon: The company has received a Letter of Acceptance (LoA) from the Government of Guyana, Public Works Department for a project worth $67 million. LTIMindtree: The company has announced the launch of its new business, BlueVerse, an integrated AI platform that helps businesses fast-track their AI transformation journeys. HCL Technologies: The company has been roped in by Just Energy, a major US energy retailer, to overhaul its customer operations and enterprise systems. Maruti Suzuki: The auto company has stocks of rare earth magnets imported from China that will last only until the end of July. The company will prepare a contingency plan, including exploring alternatives if the ongoing issue remains unresolved by then. TCS: Tata Consultancy Services (TCS) has clarified at its 30th annual general meeting (AGM) that the company is not under investigation in relation to the recent cyber breach at one of its largest retail clients, Marks & Spencer. Wipro: The IT company has leased 3.87 lakh square feet (sq ft) of office space at Mindspace Business Park in the Mumbai Metropolitan Region (MMR) for a tenure of 10 years, according to lease-related documents provided by Propstack, a real estate data analytics firm. Mastek: The digital engineering and cloud transformation partner, announced the launch of a comprehensive suite of AI solutions and services aimed at accelerating AI innovation and driving enterprise-wide AI adoption. Brigade Enterprises: Brigade Group's workspace brand, BuzzWorks, signed up for a 24,000 sq. ft. workspace at Auro Orbit, HITEC City. Uno Minda: The company's board approved the setting up of a greenfield manufacturing facility for aluminium die casting in Sambhaji Nagar (Aurangabad) Maharashtra. The project involves a total planned capital investment of approximately ₹210 crore, to be implemented in a phased manner over the next five years. Adani Power: The approved National Company Law Tribunal (NCLT), bench at Mumbai approved the company's resolution plan for acquisition of VIPL, a company undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code. Crisil: The company has invested ₹33.25 crore to acquire a minority stake in Online PSB Loans Ltd (OPL). In December 2024, Crisil had announced its intention to invest. Samvardhana Motherson International: The board has approved the execution of Power Delivery Agreements (PDA) with HR Dhauliganga Private Limited (HRDPL), by the company and its subsidiaries.
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Business Standard
3 days ago
- Business
- Business Standard
Stocks to Watch today, June 18: Hindustan Zinc, BSE, PNB, M&M, Ola Electric
Stocks to Watch today, June 18: Indian equities are poised for a lower start amid rising geopolitical tensions. Last seen, GIFT Nifty futures were down 39 points at 24,830. In a new development, US President Donald Trump is weighing a military strike on Iran, while demanding the country's leader Ayatollah Ali Khamenei 'surrender,'. Trump, in a post on Truth Social, demanded 'Unconditional surrender' by Iran. However, Asian markets were mixed with mainland China's CSI 300 up 0.09 per cent, Hong Kong's Hang Seng down 0.47 per cent, Japan's Nikkei up 0.35 per cent, and Australia's ASX 200 down 0.11 per cent. Overnight, Wall Street indices also closed lower with the Nasdaq down 0.7 per cent, the S&P 500 0.84 per cent, and the Dow Jones 0.91 per cent. Here is a list of stocks to watch on Wednesday, June 18, 2025: Hindustan Zinc: Reports suggest promoter Vedanta is likely to divest shares worth up to ₹7,500 crore in Hindustan Zinc through block deals at a discount of up to 10 per cent to the last closing price. Zydus Wellness: True North on Tuesday exited Zydus Wellness by divesting its entire 7.27 per cent stake in the company while PPFAS Mutual Fund acquired the shares for ₹879 crore through an open market transaction. Private equity firm True North, through its affiliate Threpsi Care LLP, offloaded 46.27 lakh shares or 7.27 per cent stake in Zydus Wellness, as per the block deal on the National Stock Exchange (NSE). BSE: The Securities and Exchange Board of India (Sebi) approved Thursday as the revised expiry day for BSE's derivative contracts, with NSE being allotted Tuesday. PNB: State-owned Punjab National Bank on Tuesday sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for ₹34 crore. UGRO Capital: The company has proposed to acquire a 100 per cent stake in Profectus Capital for ₹1,400 crore in an all-cash deal, aiming to strengthen its position in the secured MSME lending segment. The transaction is expected to close within the next two to three months. M&M: Mahindra & Mahindra (M&M) has received unconditional approval from the Competition Commission of India (CCI) for its proposed acquisition of a controlling stake in SML Isuzu Ltd. The deal involves the acquisition of a combined 58.96 per cent stake in SML Isuzu through two separate transactions: 43.96 per cent from Sumitomo Corporation, a promoter of SML, and 15 per cent from Isuzu Motors Limited, a public shareholder. The transactions will be followed by an open offer to acquire up to 26 per cent of the company's equity from public shareholders at ₹1,554.6 per share. Delhivery: The CCI approved Delhivery Ltd's proposed acquisition of a controlling stake in Ecom Express Ltd for approximately ₹1,407 crore, marking a major consolidation move in India's logistics sector. GMR Airports: The company handled over one crore passengers across its airport network in May 2025, marking a modest growth of 0.8 per cent year-on-year (Y-o-Y). The increase was driven by a 2.9 per cent rise in international passenger traffic, while domestic traffic edged up just 0.1 per cent amid operational disruptions. Total aircraft movements for the month stood at 64,931, up 6.3 per cent Y-o-Y. Maruti Suzuki: After establishing railway lines at two of its existing plants in India, Maruti Suzuki is now plans to set up a similar facility at its new plant in Kharkhoda within the next 3-4 years. ONGC: Oil and Natural Gas Corporation (ONGC) is all set to foray into the imported liquefied natural gas (LNG) business by the fourth quarter of 2025-26 (Q4FY26), sourcing gas from Henry Hub or West Asia on spot deals to cater to the city gas distribution (CGD) sector. Ola Electric Mobility: The company announced the nationwide rollout of its 0 per cent commission model, enabling drivers to retain 100 per cent of their fare earnings. The initiative applies across all categories - autos, bikes and cabs - with no ride or income limits. Polycab India: The company has executed a contract worth ₹6,447.54 crore with BSNL to act as the project implementation agency for the BharatNet project in Karnataka, Goa, and Puducherry. The agreement covers design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network infrastructure. L&T: Larsen & Toubro (L&T) has secured a land in Kandla, Gujarat for development of green hydrogen and green ammonia projects. Railtel Corporation: The company has received a letter of intent (LoI) from Zoram Electronics Development Corporation Ltd (Zenics) for the implementation of the Mizo Fibre Grid Network project. The estimated value of the contract is ₹43.99 crore. Alembic Pharma: The company has issued a corporate guarantee worth $22 million (approximately ₹184 crore) in favour of JPMorgan Chase Bank, N.A. to facilitate a term loan facility for its wholly owned US subsidiary, Alembic Pharmaceuticals Inc. (APInc, USA). The guarantee is intended to support the funding requirements of the US subsidiary, which operates in the regulated pharmaceutical markets. EMS: The company became the lowest bidder for an order worth ₹184 crore from UP Jal Nigam. Bharat Forge: The company inked a memorandum of understanding (MoU) with Turgis Gaillard to offer AAROK UAV in alignment to India's Defence Ministry. AAROK performs long-range surveillance missions while flying at high altitude and for long periods. Avenue Supermarts: The company operating under the brand name DMart opened a new store at Ratan Mall in Agra, and the total number of stores stands at 421. DCX Systems: The company received ₹28.59 crore export purchase orders from overseas and domestic customers. Neuland Laboratories: The company received Sebi administrative warning letter on insider trading procedure lapse. Manba Finance: The company is set to consider fresh issues of NCDs or other debt securities up to ₹200 crore on private placement basis. BSE: The Securities and Exchange Board of India (Sebi) approved Thursday as the revised expiry day for BSE's derivative contracts, with NSE being allotted Tuesday.
The Star
3 days ago
- Business
- The Star
FBM KLCI ends flat at midday in range-bound trading
KUALA LUMPUR: Bursa Malaysia was range-bound in the early session with the benchmark index entering the lunch break little changed from the previous day's close. At 12.30pm, the FBM KLCI was down 0.13 points to 1,511.51, as investors stayed to the sidelines amid the ongoing geopolitical turmoil, as well as growing anticipation over the outcome of the Federal Reserve's monetary policy meeting ending tonight. The broader market was heavy on the losers as the declining issues outnumbered advancers at a ratio of 1.45-to-1. Market volume was 1.62 billion shares changing hands for RM818.61mil. Leading the decline on the blue-chip index, Nestle dropped 38 sen to RM71.32, PPB fell 28 sen to RM10.48 and MISC shed eight sen to RM7.51. There was some upward movement in energy-related stocks, including PETRONAS Gas up 10 sen to RM18.20 and PETRONAS Dagangan gaining eight sen to RM21.28. Hibiscus Petroleum climbed six sen to RM1.73. In regional markets, China's composite index slipped 0.2% to 3,380 while the country's blue chip CSI300 was flat at 3,867. Hong Kong's Hang Seng index fell 1.17% to 23,698. In Japan, the Nikkei rose 0.68% to 38,800 and Singapore's Straits Times index slipped 0.33% to 3,917.
