Overnight, Wall Street stocks mostly fell as markets awaited a key Federal Reserve decision and digested another report showing elevated inflation. The Dow Jones Industrial Average finished down 0.5 percent at 30,364.83. The broad-based S&P 500 fell 0.4 percent to 3,735.48, while the tech-rich Nasdaq Composite Index gained 0.2 percent to 10,828.35.
Stocks in news
RBL Bank, Delta Corp, and Indiabulls Housing Finance have been put under the ban for trade on Wednesday, June 15, 2022 under the futures and options (F&O) segment by the National Stock Exchange as they have crossed 95% of the market-wide position limit (MWPL).
State Bank of India: India’s largest lender raised deposit rates by 15-20 basis points (bps) across three maturity buckets. The hike comes after two back-to-back repo rate hikes by the Reserve Bank of India (RBI) in May and June.
IDBI Bank: The bank has raised interest rates by up to 25 basis points (bps) on retail term deposits of less than Rs 2 crore.
PNB Housing Finance: It raised up to Rs 2,000 crore by issuing bonds on a private placement basis.
Asian Paints: The paint company has acquired a 51% stake in Weatherseal Fenestration for Rs 18.84 crore.
Wipro: The IT services company is increasing its investment in Norway to help its clients capitalise on digital transformation. Within the next two years the company is looking to grow from 85 to 350 employees in Norway.
NTPC: The state-owned utility firm will begin commercial operations of its 15 MW solar capacity at Kawas Solar Project in Gujarat.
Bharti Airtel: The leading telecom player announced Xstream multiplex, which the telco said is India’s first multiplex in the metaverse.
Dev Information Technology: The company has bagged orders worth Rs 2.52 crore for an online integrated portal for farmers (RajKisan Saathi) comprising services related to agriculture, horticulture, seed certification, seed corporation, and agriculture marketing.
With inputs from Agencies
Read More: SBI, RBL Bank, Delta Corp and other stocks in news today – Times of India