Nifty futures have been trading 15.50 points or .10 per cent down at 15,820 on Singaporean Exchange in early trade. SGX Nifty trends signaled a weak begin for BSE Sensex and Nifty 50 on Tuesday. After the Nifty posted record-higher closing, analysts count on Nifty to stay in a positive set up and can see a move towards highs of 16000 zones. Market participants will watch monsoon, opening up of the economy in a graded manner and the pace of vaccination for additional path for domestic markets. The upcoming US Fed meeting will also be in focus.
Stocks in focus
Jubilant FoodWorks, Power Finance Corporation: BSE-listed organizations such as LIC Housing Finance, Easy Trip Planners, Entertainment Network (India), Jubilant FoodWorks, Power Finance Corporation, Flexituff Ventures International, India Home Loan, JMD Ventures, BLS International Services, Centum Electronics, Lemon Tree Hotels, Manaksia, Salzer Electronics, Spencers Retail, and Whirlpool of India, will announce their January-March quarter earnings on June 15.
Adani group stocks: Responding to the reports, Adani Group in an exchange filing mentioned, “We regret to mention that these reports are blatantly erroneous and is done to deliberately mislead the investing community.” On Monday morning, Adani Group shares fell following reports surfaced that National Securities Depository Limited (NSDL) froze 3 accounts of Foreign Portfolio Investors (FPI) that owned a substantial stake in Adani Group Companies.
PNB Housing Finance: Reserve Bank of India (RBI) as properly as SEBI will look into numerous regulatory challenges associated to the proposed Rs 4,000 crore-investment by US-based private equity firm Carlyle and other folks in PNB Housing Finance, PTI cited sources as saying on Monday. Last month, the board of PNB Housing Finance cleared a proposal to raise up to Rs 4,000 crore by issuing preference shares and convertible warrants to Carlyle Group firms and other entities.
Reliance Power: Reliance Power board has sought shareholders’ approval for a preferential concern of 59.5 crore equity shares and 73 crore warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure, by means of postal ballot.
Bharti Airtel: Even as some telecom operators and technologies players slug out more than satellite communication spectrum – whether or not it need to be auctioned or allocated administratively – Bharti Enterprises-led OneWeb has applied for a worldwide mobile individual communication program (GMPCS) licence for supplying satellite broadband services.
Coal India: Coal India’s net profit fell above 32% at Rs 7,640 crore on a total revenue of Rs 93,818 crore in FY21. The PSU coal miner had booked a net profit of Rs 11,280 crore on a total revenue of Rs 1,02,525 crore in FY20.
Shriram Transport Finance Company: Shriram Transport Finance Company has raised Rs 1,998.98 crore by means of certified institutions placement (QIP) of equity shares. The enterprise, which had launched its QIP on June 7, 2021, received 6.3x oversubscription.