Stock Market Today: The larger Indian index has gained 32.50 points, or 0.17 percent, according to trends on the Singapore Exchange Nifty. On the Singaporean Exchange, the Nifty futures were trading at roughly the level of 19,182.50. The Securities and Exchange Board of India (Sebi), the market regulator, announced on June 28 that it would shorten the current T+6 listing schedule following an initial public offering (IPO) to three days after the issue’s closure. The issue ends for the subscription on day ‘T’.
Brent oil set to notch first monthly gain this year on supply fears
Early Friday trading saw little movement in the price of Brent crude oil, but the commodity was on track to record its first monthly gain of the year as OPEC+ intentions to reduce output and a sharp decline in oil storage overshadowed concerns about demand caused by rising interest rates.
At 00:15 GMT, September delivery Brent crude futures were down 19 cents, or 0.3%, at $74.32. The front month contract, which is less actively traded and expires on Friday, was down 12 cents at $74.22. West Texas Intermediate (WTI) crude for the United States fell 21 cents, or 0.3%, to $69.65. Both benchmarks ended the day slightly higher and were on pace to advance by more than 2% for the month.
Stock Market Today: Stocks in focus
ICICI Bank and ICICI Securities:
The draught plan of arrangement for delisting ICICI Securities by issuing shares was authorised by ICICI Bank. According to the plan, 67 equity shares of ICICI Bank would be distributed to the brokerage firm’s public shareholders for every 100 equity shares of the business.
Aurobindo Pharma
During a recent inspection of the company’s facilities, US FDA investigators reportedly discovered numerous issues. When auditors visited the company’s factory in Anakapalli, eastern India, they found “deficient” equipment cleaning and storage controls. To avoid contamination at the API plant, sampling equipment was not properly maintained or sanitised.
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