View on market: Stay Cautious, be with quality business:

Asian stocks were steady early Tuesday as traders await gauges of manufacturing activity and key American jobs data later in the week to help assess the economic outlook. Shares fluctuated in Japan, South Korea and Australia. S&P 500 and Nasdaq 100 futures edged lower following a U.S. holiday. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.3% to 15,627 as of 8:32 a.m. The offshore yuan trimmed a retreat sparked by China forcing banks to keep more foreign currencies in reserve for the first time in over a decade, its most substantial move yet to rein in a surging currency.Oil climbed as OPEC and its allies forecast that inventories will fall sharply this year if the group sticks to its current plan. Gold had its biggest monthly advance since July and most industrial metals gained.

.Key Data/ Action, Result, and Board meeting to watch

Major economic Data:

  • INR: Nikkei Markit Manufacturing PMI (May) on 1st June, 2021
  • INR: Trade Balance (May) on 1st June, 2021
  • USD: ISM Manufacturing PMI (May) on 1st June, 2021
  • USD: ADP Nonfarm Employment Change (May) on 3rd June, 2021

Earnings to Watch:

Earnings: ITC, Gujarat Gas, Radico Khaitan, Balrampur Chini Mills, Emami Paper, Salasar Techno and R.P.P. Infra Projects

International Markets:

U.S & Europe

Particulars    28th May. Chg Chg(%)
Nasdaq 13,748.74 12.46 0.09
Dow 34529.45 64.81 0.19
FTSE** 7,022.61 2.94 0.04
CAC** 6,447.17 -36.94 -0.57
DAX 15,421.13 -98.85 -0.64
Dow Fut.* 34488 -0.25 -0.07

Asian markets:

Particulars    1st June. Chg Chg(%)
SGX Nifty 15,627.00 47 0.3
Nikkei 28,693.97 -166.11 -0.58
Straits Times 3,164.70 0.42 0.01
Hang Seng 29,163.77 11.97 0.04
Shanghai 3,593.50 -21.98 -0.61

ADR Watch:

Particulars       28th May. Chg Chg(%)
Dr Reddy 71.37 -0.85 -1.18
HDFC Bank 76.53 0.9 1.19
ICICI Bank 18.01 -0.16 -0.88
Infosys 19.34 -0.03 -0.15
Tata Motor 21.73 -0.45 -2.03
Wipro 7.93 0.01 0.13

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR         72.61 0.23
Brent 70.16 1.21
Gold 1914.2 0.47
Silver 28.328 1.12


Particulars      31st May.    28th May.
FIIs 2412.39  913.59
DIIs 179.78 1275.22


Narayana Hrudayalaya Q4FY21 (Consolidated, QoQ) Revenue up 12% at Rs 837.70 crore Vs Rs 750.30 crore Net profit up 67% at Rs 68 crore Vs Rs 40.80 crore Ebitda up 35% at Rs 141.30 crore Vs Rs 104.80 crore Ebitda margin at 16.9% Vs 14%

Jamna Auto Industries Q4FY21 (Consolidated, QoQ) Revenue up 35% at Rs 464.40 crore Vs Rs 343.26 crore Net profit up 58% at Rs 47.50 crore Vs Rs 30.05 crore Ebitda up 3% at Rs 63.55 crore Vs Rs 61.88 crore Ebitda margin at 13.7% Vs 18% Recommended a final dividend of 0.50 paisa per share

Honeywell Automation Q4FY21 (Consolidated, QoQ) Revenue down 23% at Rs 672.70 crore Vs Rs 874.16 crore Net profit down 31% at Rs 104.02 crore Vs Rs 149.89 crore Ebitda down 31% at Rs 129.16 crore Vs Rs 187.55 crore Ebitda margin at 19.2% Vs 21.5% Recommended a dividend of Rs 85 per share

News Update:

Jammu & Kashmir Bank: To consider the proposal of capital infusion in the bank by the state government as its promoter shareholder to the extent of Rs 500 crore on June 4.

Magma Fincorp: Appointed Adar Poonawalla as the Chairman and Abhay Bhutada as the Managing Director of the company. Vijay Deshwal will take charge as CEO from the first week of July. Deshwal will also be the Group CEO of Poonawalla Group’s financial services business.

Canara Bank: SK Majumdar, General Manager of the bank, has been designated as Chief Financial Officer effective May 31.

Trent: Allotted 5,000 unsecured, redeemable NCDs of Rs 10 lakh each aggregating to Rs 500 crore on a private placement basis.

NHAI Plans Model Stretches Of Highways In Every State: NHAI is planning to develop 57 stretches of national highway (1735 km) across the length and breadth of the country near each state capital, the agency said in a release. The aim is to exhibit the model stretches of National Highways and also use it as a platform to educate the highway engineers of the country, including state PWD engineers, NHAI said. Some of the NH sections identified for development as model stretches are Dausa to Jaipur, Jalandhar to Amritsar, Srinagar to Banihal, Varanasi Ring Road, Chennai Bypass, MP/MH border to Nagpur including Nagpur Bypass, Brahmputra Bridge to Guwahati.

 Piyush Goyal On Startups: Commerce minister Piyush Goyal has said most startups will be eligible for additional liquidity and funding under the credit and funding support announced for MSMEs under the Aatmanirbhar Bharat Abhiyan package. Goyal told CNN News18 that the government is ready to support stressed startups. “Most of the startups will be eligible for additional liquidity and funding under the Rs 3 lakh crore, 100% credit guarantee credit facilities under the Aatmanirbhar Bharat package,” Goyal said in an interview with the channel on Saturday.

Source: Moneycontrol, Livemint,, Bloomberg, Investing, Business Standard

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