Market opening - An Overview
Nifty futures on Singapore Exchange traded 47 points, or 0.99 per cent, higher at 15,478.00 signaling that Dalal Street was headed for a positive start on Monday.
The dollar found support on Monday from emerging views the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, and as traders await crucial U.S. inflation data this week.
The Indian rupee fell by 10 paise to close at 73.38 against the US currency on Monday, as investors appeared unsure amid lack of cues on the domestic and global front.
Shares in News today:
PNB Housing: share price spiked 20 percent to hit a upper circuit of Rs 525.20 on BSE after the company said its Board has approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to American private equity firm Carlyle Group Inc.
Bank of Borada: It has posted strong results for Q4 FY2021 where the core operational performance was below expectations due to one-offs (shift to new tax regime) and the Asset Quality performance was also a bright spot.
Bajaj Healthcare: share price gained over 5 percent intraday on May 28 after the company launched drug to treat black fungus infection in COVID-19 patients.
M&M: share price was trading lower by more than 6 percent in the morning session on May 31.The company on May 28 reported profit before exceptional item at Rs 1,002 crore in the quarter ended March 2021 against Rs 323 crore in the year-ago quarter