• ICICI Bank: Board approves raising Rs 15,000 crore through equity. The fund raise may happen in one or more tranches via private placement, preferential issue, FPO or a combination thereof.
• State Bank of India: The executive committee of the bank's central board approves a maximum investment of Rs 1,760 crore in Yes Bank's FPO.
• State Bank of India: SBICAP to invest in Investec Capital Services India to form a Joint Venture entity. SBICAP Securities' institutional equities broking and research business will be transferred to the proposed entity.
• PI Industries: Board approves closure of QIP. Issue price has been fixed at Rs 1,470 per share, which is a 4.2% discount to the floor price and a discount of 11% to Wednesday's closing price.
• Can Fin Homes: Board to consider raising funds via equity and debt on July 17.
• TCPL Packaging: Announces that the entire promoter shareholding is free from encumbrance.
• Sterling & Wilson Solar: Promoters fail to repay the installment of Rs 500 crore out of the outstanding loans envisaged to be repaid by June 30. The promoters in a separate exchange filing on June 26, had expressed apprehension regarding the same. Promoters say that the repayment may spill beyond a few weeks due to Covid-19. The Board has insisted that the promoters provide the necessary security in respect to the June installment in an expeditious manner.
• Gufic Biosciences: Gets approval from South African Heath Products Regulatory Authority to manufacture Vancomycin after its manufacturing facility in Navsari was inspected by the National Institute of Pharmacy and Nutrition, Hungary. The company can now expand its business in South Africa.
• Non-Nifty Earnings Today: Arvind Fashions, Sadbhav Engineering, MEP Infra

For all that you need to know going into trade today, click here.

• Benchmark indices end with gains; look past tensions between U.S. and China
• S&P 500 climbs to a one-month high
• Nasdaq ends at a record led by megacaps like Apple and Amazon
• Pandemic-sensitive sectors like aviation remains under pressure
• Confirmed Covid-19 cases in the U.S. crossed the three million mark
• Weekly jobless claims data to be reported today
• West Texas Intermediate crude rose 0.6% to $40.84 per barrel

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Good Morning!

The rally in Indian equity markets paused on Wednesday as the indices ended with losses. The weekly options contracts of Nifty and Nifty Bank are set to expire on Thursday.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.5% to 10,734 as of 7:45 a.m.

Asian markets are mostly higher this morning as investors continue to place their faith in policy and shrugged off simmering tensions between the U.S. and China.

Markets in Hong Kong, Australia and South Korea traded higher, while those in Japan declined.

Futures on the Dow Jones trade lower by 30 points after the benchmark ended 0.7% higher on Wednesday.

The offshore Yuan rose above the 7-per-dollar mark to its highest since mid-March, while treasuries remained steady. Gold held above the $1,800/Oz level.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.