Pre Market Analysis 08-6-2021

Manoj Kumar June 8, 2021

Market opening - An Overview

Nifty futures on Singapore Exchange traded 14 points, or 0.09 per cent, lower at 15,765.05 signaling that Dalal Street was headed for a negative start on Tuesday.

The Indian rupee traded 73.43 against the US currency on Tuesday.

Shares in News today:

Punjab National Bank : Reserve Bank of India imposed penalty of Rs 2 crore on PNB for non-compliance with the directions on identification and reporting of frauds, and inaccurate data reporting on CRILIC platform, for the years 2017-18 and 2018-19.

Seamec : The company reported consolidated profit at Rs 17.77 crore in Q4FY21 against Rs 22.75 crore in Q4FY20, revenue rose to Rs 96.87 crore from Rs 96.21 crore YoY.

Surya Roshni : The company received order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from Indradhanush Gas Grid (IGGL).

Union Bank of India: The company reported standalone profit at Rs 1,329.77 crore in Q4FY21 against loss at Rs 2,503.18 crore in Q4FY20, net interest income jumped to Rs 5,402.86 crore from Rs 2,878.11 crore YoY.

Shriram Transport Finance Company: The company approved raising of funds by issuance of equity shares and warrants to promoter Shriram Capital, on a preferential basis.

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Manoj Kumar June 8, 2021

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