Environment Ministry withdraw penalty on Adani Ports

The Union environment ministry has withdrawn demand for a Rs. 200 crore restoration fund from Adani Ports & SEZ.

The Union environment ministry has withdrawn demand for a Rs. 200 crore restoration fund from Adani Ports & SEZ for damage to the environment imposed during the United Progressive Alliance (UPA) government, according to reports.

The Environment Ministry reportedly said the claims are “incorrect” and it had imposed “more serious” responsibility on the firm without any cost limit.

Adani Ports & Special Economic Zone Ltd ended at Rs. 204.55, down by Rs. 2.15 or 1.04% from its previous closing of Rs. 206.7 on the BSE.

The scrip opened at Rs. 207 and touched a high and low of Rs. 208.05 and Rs. 204 respectively. A total of 3606949(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 42361.32 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 374.7 on 20-Aug-2015 and a 52 week low of Rs. 169.65 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 208.05 and Rs. 202.4 respectively.

The promoters holding in the company stood at 56.39 % while Institutions and Non-Institutions held 38.14 % and 5.47 % respectively.

The stock traded above its 200 DMA.

Positive start for Sensex, Nifty

Asian market​s​ are trading higher. Nikkei 225 gained 0.44%. Hang Seng ​and Shanghai Composite jumped 1% each.

The indices are set to open on a positive note.Asian market​s​ are trading higher. Nikkei 225 gained 0.44%. Hang Seng ​and Shanghai Composite jumped 1% each.

On Friday, the US markets closed slightly higher. S&P 500 was up 0.19% to 2,102 points. US stock exchanges will be closed on Monday for the Independence Day holiday.

On the economy front, RBI Governor Raghuram Rajan reportedly said it is wrong on their part also to always claim a ‘bazooka’ left up their sleeves, even as he asserted that life is “very difficult” in emerging markets.In a panel discussion on lessons learnt by the central bankers from the global financial crisis, Rajan also took on the industrial nations for expecting the emerging markets to be “orthodox” in their monetary and economic policies.

About six of the top 10 companies companies rose by Rs.37,692.44 crore to their market valuation. RIL, HDFC Bank, HDFC, HUL, ONGC and Sun Pharma saw increase in their market valuation, while TCS, Infosys and Coal India suffered with losses. In the ranking of domestic m-cap chart, TCS stood at number one position followed by RIL, HDFC Bank, Infosys, ITC, HDFC, CIL, HUL, ONGC and Sun Pharma.

India's foreign exchange reserves fell $3 billion to $360.7 billion in the week ended June 24, according to RBI data.According to the bulletin, the country’s gold reserves remained unchanged at $20.329 billion while its special drawing rights (SDR) went down by $13.4 million to $1.49 billion.

Among other stocks in focus:

SBI: State Bank of India has informed the Exchange that with reference to the captioned matter, company advise having sold 5% stake in National Stock Exchange of India Limited (NSE) constituting 22,50,000 equity shares of NSE to Veracity Investments Limited, a Mauritius based FII, on 30 .06.2016 at Rs.4050 per share for a total consideration of Rs.911 crore.

Tata Motors: Tata Motors LCV sales grew by 14% in the month of June 2016 and its passenger cars growing by 22%. The company’s total passenger and commercial (including exports) in July 2016 were at 44,276 vehicles, a growth of 8%, over 40,869 vehicles sold in June 2015.

Larsen & Toubro: L&T will also be in focus as its subsidiary L&T Infotech will launch IPO of more than Rs.1,200 crore on July 11.

Coal India Ltd: The company reported a 10% growth in production during June 2016 at 42.72 million tonnes; Sales registered a near 7% growth take for the month at 44.96 million tonnes.

Punjab National Bank: The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.

RIL: State Bank of India and Reliance Industries have signed the Shareholders agreement on June 30 for setting up payment Bank.

Jaiprakash Associates Ltd: The Board of Directors of the Company to meet today, to review the progress of the divestment plans and other related matters.

TVS Motor Company: The company has reported an 11% growth in sales during the month of June 2016, with total sales increasing from 222,017 units recorded in the month of June 2015 to 247,085 units in June 2016.

Hero MotoCorp: The company reported 1.32% increase in sales at 5,49,533 units in June.

MTNL: The telecom company has received an income tax refund for assessment year 2000-01 amounting to Rs 112.95 crore.

NMDC: The company said it will buy back over 80.08 crore shares worth Rs.7,527.76 crore, most of which will go to the government.

IOC: The company will supply Bharat Stage-IV compliant diesel from January 2017, as per media reports.

Future Consumer Enterprise: The company said it would raise Rs.134 crore from the World Bank's investment arm International Finance Corporation (IFC).

IDBI Bank: The bank is reportedly planning to complete proposed Rs.3,771 crore qualified institutional placement (QIP) to potential investors, according to reports.

Adani Transmission Ltd: The company has signed definitive agreement with GMR Energy to acquire 49% Equity Shares of Aravali Transmission Service Company Limited with an option to acquire 100% in a manner consistent with Transmission Service Agreement and applicable consents.

Camlin Fine Sciences: Camlin Fine Sciences has announced that in respect of the QIP, the QIP Committee of the company has approved the issue price of Rs.85.40 per Equity Share, which is at a discount of Rs.4.49 per Equity Share, to the Floor Price of Rs.89.89 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP.

Indian Hotels Company Ltd: The company  has announced that Samsara Properties Limited, the Company's indirect overseas wholly owned subsidiary, has sold 5,175,000 (Five million one hundred seventy five thousand only) Class 'A' Common Shares of the face value of US$ 0.01 each of Belmond Limited, representing 5.1% of the total outstanding Class 'A' Common Shares for a net consideration of US$ 49.57 million. The sale proceeds are being utilized largely for retirement of debt.

Bosch Ltd: The board of directors of the company has approved the buy-back of 8,78,160 fully paid up equity shares of face value Rs.10 each per share (representing 2.796 % of the total paid-up equity share capital) of the Company at a price of Rs.23,000/- each per share aggregating to Rs.20.20 crore.

Jubilant Industries: Jubilant Industries has informed BSE that considering the unfavourable market conditions, the management of the Company's material unlisted subsidiary, Jubilant Agri and Consumer Products Limited have decided to temporarily discontinue the operations of its manufacturing facility located at Kapasan, Rajasthan engaged in the production of Single Super Phosphate with immediate effect till further intimation.

MPS Limited: MPS has completed the acquistion of Magplus, a leading digital platform company for creating and distributing content apps, based in Sweden and USA. Magplus was a part of Bonnier Growth Media which is the venture arm of media conglomerate Bonnier and home to some of the fastest growing companies in the group.

Global Data: USD Independence Day, AUD TD Securities Inflation (YoY) (Jun), AUD TD Securities Inflation (MoM) (Jun), AUD ANZ Job Advertisements (Jun), AUD Building Permits (MoM) (May), AUD Building Permits (YoY) (May), EUR Unemployment Change (Jun), GBP PMI Construction (Jun),EUR Sentix Investor Confidence (Jul), EUR Producer Price Index (MoM) (May),EUR Producer Price Index (YoY) (May), CAD RBC Manufacturing PMI (Jun), CAD Bank of Canada Business Outlook Survey REPORT, NZD NZIER Business Confidence (QoQ) (Q2)

Trends in FII flows:  The FIIs were net sellers of Rs.1.87 bn the cash segment on Friday, while the domestic institutional investors (DIIs) were the net buyers of Rs.907 bn, as per the provisional figures released by the NSE.

Top 15 stocks in focus today: SBI, Tata Motors, Coal India, Jaiprakash Associates

Check out the companies which will be in focus during trade today based on recent and latest news developments.

SBI: State Bank of India has informed the Exchange that with reference to the captioned matter, company advise having sold 5% stake in National Stock Exchange of India Limited (NSE) constituting 22,50,000 equity shares of NSE to Veracity Investments Limited, a Mauritius based FII, on 30 .06.2016 at Rs.4050 per share for a total consideration of Rs.911 crore.

Tata Motors: Tata Motors LCV sales grew by 14% in the month of June 2016 and its passenger cars growing by 22%. The company’s total passenger and commercial (including exports) in July 2016 were at 44,276 vehicles, a growth of 8%, over 40,869 vehicles sold in June 2015.

Larsen & Toubro: L&T will also be in focus as its subsidiary L&T Infotech will launch IPO of more than Rs.1,200 crore on July 11.

Coal India Ltd: The company reported a 10% growth in production during June 2016 at 42.72 million tonnes; Sales registered a near 7% growth take for the month at 44.96 million tonnes.

Punjab National Bank: The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.

RIL: State Bank of India and Reliance Industries have signed the Shareholders agreement on June 30 for setting up payment Bank.

Jaiprakash Associates Ltd: The Board of Directors of the Company to meet today, to review the progress of the divestment plans and other related matters.

TVS Motor Company: The company has reported an 11% growth in sales during the month of June 2016, with total sales increasing from 222,017 units recorded in the month of June 2015 to 247,085 units in June 2016.

Hero MotoCorp: The company reported 1.32% increase in sales at 5,49,533 units in June.

MTNL: The telecom company has received an income tax refund for assessment year 2000-01 amounting to Rs 112.95 crore.

NMDC: The company said it will buy back over 80.08 crore shares worth Rs.7,527.76 crore, most of which will go to the government.

IOC: The company will supply Bharat Stage-IV compliant diesel from January 2017, as per media reports.

Future Consumer Enterprise: The company said it would raise Rs.134 crore from the World Bank's investment arm International Finance Corporation (IFC).

IDBI Bank: The bank is reportedly planning to complete proposed Rs.3,771 crore qualified institutional placement (QIP) to potential investors, according to reports.

Adani Transmission Ltd: The company has signed definitive agreement with GMR Energy to acquire 49% Equity Shares of Aravali Transmission Service Company Limited with an option to acquire 100% in a manner consistent with Transmission Service Agreement and applicable consents.

Camlin Fine Sciences: Camlin Fine Sciences has announced that in respect of the QIP, the QIP Committee of the company has approved the issue price of Rs.85.40 per Equity Share, which is at a discount of Rs.4.49 per Equity Share, to the Floor Price of Rs.89.89 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP.

Indian Hotels Company Ltd: The company  has announced that Samsara Properties Limited, the Company's indirect overseas wholly owned subsidiary, has sold 5,175,000 (Five million one hundred seventy five thousand only) Class 'A' Common Shares of the face value of US$ 0.01 each of Belmond Limited, representing 5.1% of the total outstanding Class 'A' Common Shares for a net consideration of US$ 49.57 million. The sale proceeds are being utilized largely for retirement of debt.

Bosch Ltd: The board of directors of the company has approved the buy-back of 8,78,160 fully paid up equity shares of face value Rs.10 each per share (representing 2.796 % of the total paid-up equity share capital) of the Company at a price of Rs.23,000/- each per share aggregating to Rs.20.20 crore.

Jubilant Industries: Jubilant Industries has informed BSE that considering the unfavourable market conditions, the management of the Company's material unlisted subsidiary, Jubilant Agri and Consumer Products Limited have decided to temporarily discontinue the operations of its manufacturing facility located at Kapasan, Rajasthan engaged in the production of Single Super Phosphate with immediate effect till further intimation.

MPS Limited: MPS has completed the acquistion of Magplus, a leading digital platform company for creating and distributing content apps, based in Sweden and USA. Magplus was a part of Bonnier Growth Media which is the venture arm of media conglomerate Bonnier and home to some of the fastest growing companies in the group.