Pre Market Analysis 29-6-2021

Manoj Kumar June 29, 2021

Market opening - An Overview

Nifty futures on Singapore Exchange traded 33.00 points, or 0.12 per cent, Lower at 15,841.00 signaling that Dalal Street was headed likely to have a negative opening on Tuesday.

The Indian rupee traded 74.30 against the US currency on Monday.

Shares in News today:

RITES: Metro Express Limited, Mauritius has awarded additional work of consultancy services for the extension of the mainline from Rose Hill to Reduit through Ebene for an additional fee of MUR 250 millions (Rs 45 crore approximately).

HDFC Life Insurance Company: Standard Life to sell a 3.46 percent stake of HDFC Life at a price band of Rs 658-678 per share.

NALCO: The company posted a standalone profit of Rs 935.64 crore against Rs 102.76 crore in the year-ago. Revenue was up Rs 2,821.48 crore against Rs 1,935.86 crore.

Zee Media Corporation: The company has reported a standalone net profit of Rs 8.39 crore against Rs 5.67 crore in the yea-ago. Revenue was up at Rs 162.76 crore versus Rs 121.84 crore.

Future Lifestyle Fashions:The company posted a loss of Rs 135.75 crore against a loss of Rs 163.48 crore in the year-ago. Revenue was down at Rs 776 crore against Rs 1,365.67 crore.

IFCI: The company’s Q4FY21 consolidated net loss widened to Rs 848.97 crore from Rs 584.19 crore, while total income plunged to Rs 15.76 crore from Rs 858.99 crore, YoY.

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Manoj Kumar June 29, 2021

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