Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 19 points gain

Stocks under F&O ban on NSE

Two stocks - Vodafone Idea, and Sun TV Network - are under the F&O ban for June 24. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

FII and DII data

Foreign institutional investors (FIIs) net bought shares worth Rs 3,156.53 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,317.20 crore in the Indian equity market on June 23, as per provisional data available on the NSE.

US current account deficit rises to 14-year high in the first quarter

US factory activity index rises to record high in June - Markit

A measure of U.S. factory activity climbed to a record high in June, but manufacturers are still struggling to secure raw materials and qualified workers, substantially raising prices for both businesses and consumers.

Data firm IHS Markit said on Wednesday its flash U.S. manufacturing PMI rose to a reading of 62.6 this month. That was the highest since the survey was expanded to cover all manufacturing industries in October 2009 and followed a final reading of 62.1 in May.

Telecom Ministry liberalises guidelines for OSPs; no distinction between domestic and international players

Telecom Minister Ravi Shankar Prasad on June 23 announced that guidelines for Other Service Providers (OSPs) have been further liberalised. He added that there would be no distinction between domestic and international OSPs and this has been done to bring in better synergies among businesses.

The new guidelines issued on June 23 are in addition to major measures already announced and implemented in November 2020. The ministry said the guidelines would help the business process outsourcing (BPO) organisations giving voice-based services in India and abroad.

"Today India’s IT-BPM industry stands at $37.6 billion (2019-20) i.e. Rs 2.8 lakh crore approximatly, giving job opportunities to lakhs of youths in the country. Further, it has a potential for double-digit growth reaching up to $55.5 billion i.e. Rs. 3.9 lakh crore by 2025," Prasad said.

SBI, others have the last laugh in Kingfisher-Vijay Mallya saga

Five years after liquor king Vijay Mallya flew to United Kingdom and approximately seven years after Rs 9,000 crore of loans given to his grounded Kingfisher Airlines was tagged NPA (non-performing asset), banks have finally managed to make some meaningful recovery from the elusive baron. That's a major victory for the SBI-led bank consortium against a powerful corporate promoter.

On 23 June, as reported banks recovered Rs 5,800 crore by selling Vijay Mallya's shares in United Breweries to Heineken international. Banks sold 15 percent stake in the company to Heineken. Earlier, banks had sold Rs 1,357 crore worth of shares and are planning to sell Rs 800 crore worth of shares by June 25, according to reports. So far, banks have recovered Rs 7,1 82 crore from Vijay Mallya through the share sales, which is a little over 70 percent of the amount what the liquor King owes to the lenders.