Stocks slipped slightly and oil rose in early trade on Monday as investors figured an abortive weekend mutiny by Russian mercenaries raised questions about stability and crude supply. Brent crude futures rose 1% to $74.55 a barrel and U.S. crude poked above $70, recouping a little of losses made last week. Japan's Nikkei fell 0.2% and Australia's ASX 200 fell 0.3%.

Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. Brent crude futures rose 95 cents, or 1.3%, to $74.80 a barrel by 2300 GMT on Sunday. U.S. WTI crude was at $70.04 a barrel, up 88 cents, or 1.3%.

IBM is nearing a deal to acquire software company Apptio for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. A deal between the companies could be completed over the weekend, the Journal reported, adding that it was unclear whether the purchase price includes debt. IBM declined to comment on the report.

The Indian rupee ended little changed against the dollar, shrugging off weak regional cues as traders sought further clarity on the outlook for interest rates in the U.S. The rupee ended at 81.9350 to the dollar, compared with a close of 81.93. The Indian unit traded in a narrow 11-paise band and saw lacklustre volumes on account of a trading holiday in the U.S. in observance of Juneteenth.

ICICI Bank, one of India's leading private sector banks, announced that it will be considering a proposal for the delisting of ICICI Securities, a subsidiary of the bank. The new announcement comes days after the brokerage firm reported a consolidated net profit of Rs 263 crore for the quarter ended March, down 23% as against Rs 340 crore reported in the corresponding period of last year.

Gold prices edged higher in early Asian trade on Monday, helped by a weaker U.S. dollar, although chances of more interest rate hikes by the Federal Reserve this year to tame sticky inflation weighed on bullion's appeal. Spot gold rose 0.3% to $1,926.29 per ounce by 0051 GMT. U.S. gold futures were up 0.3% at $1,936.10 per ounce. The dollar index was down 0.2%, making gold more attractive.

The USFDA conducted an inspection of the Ipca Laboratories Madhya Pradesh facility which resulted in 8 observations being issued on June 26th. The company will submit a response and work closely with the agency to resolve these issues. Previously the USFDA had 11 observations and the IT department conducted survey proceedings at two locations. The stock has seen a 52-week high of Rs 1033.50.

Shares of RVNL will remain in focus in early trade after the company emerged as the lowest bidder for a Maharashtra Metro Rail Corporation project. Rail Vikas Nigam was found to be the lowest bidder by MMRCL for the design and construction of an elevated metro viaduct of 6.92 km in Reach 2A of NMRP Phase-2. The cost of the project stands at Rs 394.9 crore and it is to be executed in 30 months.

IEPFA under the corporate affairs ministry is planning an integrated portal to ease the process for investors to get their unclaimed shares, dividends & matured debentures. The fund stood at Rs 5,262 crore. The portal will allow investors to check if these are available with IEPFA, submit forms and e-verification online as well as track progress via the dashboard, reducing manual intervention, etc

📍Asian Paints has acquired an additional 11% equity stake in Obgenix Software for Rs 54 crore. 📍RBI has imposed a monetary penalty of Rs 30 lakh on Axis Bank for violating credit card rules. 📍RVNL has emerged as the lowest bidder for a design and construction project of a metro viaduct. 📍Yes Bank has received approval for raising funds up to Rs 2,500 crore via the issue of debt securities.

Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated basis in the coming years as it drives robust and sustainable growth across its business portfolio. Its target EBITDA of over Rs 90,000 crore is expected by FY23, the note said. The group's listed portfolio EBITDA increased 36 per cent yoy to Rs 57,219 crore in FY23 (April 2022 to March 2023 fiscal).

✅Nifty formed a bearish Dark Cloud Cover pattern on weekly charts after falling 0.85% over the week. ✅MACD showed bullish trade on the counters of Natco Pharma, DCM Shriram, Coffee Day Enterprises, and ICICI Securities, among others. ✅The MACD showed bearish signs on the counters of IDFC First Bank, BHEL, Tata Steel, Samvardhana Motherson, and BEL, among others.

Byju's, a $22 billion-valued edtech giant, has had a crisis after its auditor resigned over long delayed financial statements and 3 board members resigned, raising questions about the firm's corporate governance. The leadership reassured a meeting of 75 investors, commitment to file 2021-22 audited results in September and 2022-23 in Dec.

Sebi has provided additional flexibility to AIFs to deal with investments that are not sold due to a lack of liquidity during the winding-up process. They may now either sell to an existing liquidation scheme or in-specie distribute to investors - subject to consent of 75% by value. It also provides detailed guidelines for valuation & exit for dissenting investors.

The Indian market closed down for the second day in a row on Friday, tracking global cues. Stocks such as Indigo and PolicyBazzar that hit fresh 52-week highs or saw volumes break out were discussed from an educational point of view. Three stocks to watch out for the next trading day: InterGlobe Aviation, PolicyBazaar and Adani Enterprises.