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Global markets give mixed cues; Indian markets eye a lackluster start to today's session although high volatility on account of monthly F&O expiry could keep traders on edge.

Action on Street is likely to pick up in the latter half of the session as the focus will turn to index heavyweight Reliance Industries' 44th AGM, slated to kick off at 2 pm. At 7.12 am, SGX Nifty was trading 20 points higher at 15,704, indicating a flat-to-positive start for the benchmark indices. Meanwhile, in the overnight session, Nasdaq climbed to a record-high close, fueled by a rally in Tesla Inc, although S&P 500 and Dow dipped even as investors cheered data that showed a record peak for US factory activity in June. Globally, investors will watch out for Bank of England interest rate decision and US GDP data.

Stock-specific triggers that are likely to guide the market today 

are a total of 97 companies, including Oil and Natural Gas Corporation, Ashok Leyland, Bodal Chemicals, Future Supply Chain Solutions, Mishra Dhatu Nigam, PTC India and West Coast Paper Mills are slated to release their quarterly earnings on June 24

Shares of Shyam Metalics and Sona Comstar will make their market debut today. The IPOs that ran between June 14-16 were subscribed 121 times and 2 times, respectively. As per the grey market trends, Shyam Metalics is expected to log strong listing gains while Sona Comstar could be up for a neutral start.

Reliance Industries under focus

Shares of Reliance Industries will be in focus, with the company's 44th AGM slated for today. A roadmap for 5G rollout, likely announcements on affordable 5G phone, low-cost laptop JioBook and update on Aramco deal and retail business would be on top of investor radar. That apart, Fitch Ratings has upgraded RIL's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB', from 'BBB-', with a Negative Outlook. At the same time, the agency has affirmed RIL's Long-Term Local-Currency IDR at 'BBB+' with a Stable Outlook.

Tata Motors MD and CEO to step down

Tata Motors said Guenter Butschek will step down as its MD and CEO with effect from June 30. He will, however, continue as a consultant to the company till the end of this fiscal year.

Update on the primary market

The Rs 800 crore initial public offer of India Pesticides was subscribed 1.29 times on the first day of the subscription itself, with the non-Institutional Investors category subscribed 19 per cent and those for retail individual investors(RIIs) 2.51 times.

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