BSE Sensex and Nifty 50 set to see a muted opening on Tuesday, as Nifty futures fell 21 points to 15,853 on Singaporean Exchange. Following the fiscal stimulus announced by Union Finance Minister Nirmala Sitharaman, stocks from wellness and tourism will be keenly watched. Investors will also maintain tabs on fourth quarter earnings, oil costs, foreign fund flow, rupee movement and other worldwide cues. Analysts say that pretty low volumes recommend low participation from institutions even as they are unsure of the path of the markets which has also led to reduce volatility. This has resulted in reduce trading interest. “The Nifty has formed an engulfing Top pattern. An opening below Monday’s low could accelerate the downtrend. 15702-15915 could be range for the near term for Nifty,” Deepak Jasani, Head of Retail Research, HDFC Securities.
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Future Lifestyle Fashions: Future Lifestyle Fashions Ltd on Monday reported a consolidated net loss of Rs 149 crore for the fourth quarter ended in March 2021 impacted by the pandemic. The enterprise had posted a net loss right after taxes of Rs 148.65 crore through the January-March quarter a year ago.
Bharti Airtel: Telecom operator Bharti Airtel on Monday mentioned it has added yet another 28.2 megahertz spectrum to enhance network capacity for higher-speed information services and it is even prepared for 5G technologies.
HDFC Life Insurance: According to a variety of media reports, Standard Life (Mauritius Holdings) will be promoting 7 crore shares of HDFC Life by way of a block deal on June 29. The cost band of the block deal will be at Rs 658-678 per share. On Monday, shares of HDFC Life closed at Rs 696 apiece, down 4.07 per cent.
Emami: FMCG significant Emami on Monday mentioned it has improved its strategic stake in Helios Lifestyle, owner of the male grooming brand The Man Company (TMC), to 45.96% from 33.09%. Emami, the makers of the brands like Navratna, BoroPlus, Fair & Handsome, Zandu Balm & Mentho Plus, and Kesh King, forayed into the quick-developing on the net male grooming segment with an investment in Gurugram-based Helios Lifestyle in 2017.