GM jsk stock in news route,gspl, mtar,lykalab,burnpurcem, Laxmi org, jswsteel,emamipaper,NMDC,jenburkipharma,panacea bio,motherson. Negative stocks eicher,hero,gujgas,infosys. Nifty range 15500-15700.

*Good Morning*
• Plentiful Rain Forecast Boosts India’s Farm Output Prospects )
o June-Sept rainy season is likely to be normal this year
• Gasoline Sales Plunge to Lowest in a Year in Virus-Hit India
o Daily sales of gasoline, diesel decline by a fifth from April
• India Issues Rules for Output Linked Incentive for Pharma Sector
• Sugar Output in India Jumps 13% Y/y From October to May: Group
• Emerging-Market ETFs Lure $1.7 Billion Amid Economic Optimism
o Developing-world stocks took in $1.5 billion last week
• Global Funds Sell Net INR4.5B of Indian Stocks on Tuesday: NSE
o Domestic funds buy net 2.3b rupees of stocks
• Foreign Investors Buy Net INR51.6B of Indian Equities on May 31
• Foreigners Sell Net INR15.6B of India Equity Derivatives Tuesday
• OPEC Sees Tight Oil Market as Ministers Set for Supply Talks
• Adani Railways, GMR Enterprises, Oberoi Realty among 9 bidders for Mumbai’s CST redevelopment: PTI
• Mumbai civic body proposes INR1,200 fine for spitting in public: PTI
• Sebi bans 8 entities from securities mkt in Infosys insider trading case: PTI
• Balrampur Chini (BRCM): 4Q group profit 2.36b rupees vs 2.41b y/y; 4Q profit before tax at 3.06b vs 2.27b y/y
• Eicher Motors (EIM): Says May motorcycle sales +43% y/y to 27,294 units
• Gujarat Gas (GUJGA): 4Q net income +42% y/y to 3.5b rupees, beats est. 3.18b; revenue +28% to 34.9b rupees
• Hero MotoCorp (HMCL): Says May vehicle sales gain 62% y/y to 183,044 units; will move to double shift production gradually
• ITC Ltd. (ITC): 4Q net income -1.3% y/y to 37.5b rupees, meets est. 37.80b; revenue +24% to 141.6b; to pay dividend 5.75 rupees/shr
• Jain Irrigation (JI): Says its unit amends Debt Restructuring Support Pact
• NMDC (NMDC): Says May sales +29% to 3.3m tons vs. 2.55m Y/y; May production +22% to 2.79m tons
• Reliance Industries (RIL): To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend

*SGX Nifty +5 pts (15628) from last trade 15623*

Nikkei +25 pts
Hangseng -53 pts
Now @6.52am

Dow +45.88 pts ,Nsdq -12.26 pts, S&P -2.07 pts, , Bovespa +2051 pts , Ftse +57 pts  , Dax +146 pts , Cac +42 pts , Crude @ $67.93 brl (+0.20), Brent @ $70.25 brl (+0.00) , Gold @ 1901.50 (-3.50), Silver @ $27.925 (-0.17), Euro @ $1.2216, JPY @ $109.47,  INR @ 72.855

*Today's Corporate Action*
*2nd Jun Ex Date*
TOWERINFRA
Income Distribution (InvIT)

*Today's Key Results/Board Meetings*
*2-Jun-21*
BIGBLOC
General; Audited Results; Final Dividend

BURNPUR
Audited Results

DVL
Audited Results;
Final Dividend

GARODCH
Audited Results

JENBURPH
Dividend; Audited Results

JPOLYINVST
Audited Results

KANSAFB
General; A.G.M.

KONNDOR
Audited Results

LYKALABS
Audited Results

MOTHERSUMI
Audited Results;
Final Dividend

MTARTECH
Audited Results; A.G.M.; Final Dividend

MUTHOOTFIN
General; Audited Results

NRBBEARING
Audited Results;
Final Dividend

OCTAWARE
General; Half Yearly Results; Audited Results

PANACEABIO
Audited Results

PRERINFRA
Audited Results

PVR
Audited Results

RATNAMANI
Audited Results;
Final Dividend

RIDHISYN
Audited Results

RLFL
Audited Results

SPRAYKING
Audited Results

SPS
General; Bonus issue

SUNSHINE
General

WAAREE
Audited Results

YASHMGM
Audited Results

*Stock under F&O ban on NSE*
*2-Jun-21*
1BANKBARODA
2SAIL
3SUNTV

World Markets

Dow + 46
Nasdaq - 12
Dax + 146
Nikkei + 32
Hangseng - 65
Sgxnifty - 4 (15619)
Brent Crude 70.80
Dow Fut + 18
Dollar Index 89.90

Stocks To Watch

Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.

Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.

NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.

Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.

Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.

Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes

Pledge Share Details

Adani Ports and Special Economic Zone: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 12.50 lakh shares on May 31.

Adani Transmission: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 1.37 crore shares on May 31.

Nectar Lifesciences: Promoter Sanjiv Goyal created a pledge of 5.58 crore shares on May 31.

IRB Infrastructure Developers: Promoter Dattatray Mhaiskar invoked pledge of 5 lakh shares on May 24-27.

Insider Trades

Aarti Industries: Promoter Nikhil Holdings sold 36,000 shares on May 24.

Kalyan Jewellers India: Promoters (TS Kalyanaraman, TK Seetharam and TK Ramesh) bought 44,700 shares on May 31.

Man Infraconstruction: Promoter Parag Shah bought 1.50 lakh shares on May 31.

Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 32,000 shares on May 31.

Trading Tweaks

Ex-Date Special Dividend: Kanpur Plastipack

Ex-Date Income Distribution: Tower Infrastructure Trust

Record Date Income Distribution And Dividend: India Grid Trust

Price Band Revised From 20% To 10%: Gokul Agro Resources, Pnb Housing Finance, Rupa & Company

Move Into Short-Term ASM Framework: Gokul Agro Resources, Redington (India), Hindustan Media Ventures

Move Out Of Short-Term ASM Framework: Tide Water Oil (India)

Move Into ASM Framework: Tide Water Oil (India)

Who’s Meeting Whom

Gokaldas Exports: To meet Arihant Capital and Motilal Oswal AMC on June 2.

Dixon Technologies (India): To meet Burman Family Holdings on June 3, Eastspring Investments on June 4 and Taiyo Pacific on June 10.

Money Market Update

The rupee ended at 72.90 against the U.S. Dollar on Tuesday as compared to Monday's closing of 72.62.

Stocks Ban In F&O:
BOB,
Sail,
Sun TV

Today's Infographic: *Quantitative Comparison of Top 4 Private Banks in India*

🏛️ HDFC Bank
🏛️ ICICI Bank
🏛️ Kotak Mahindra Bank
🏛️ Axis Bank

Also Read: *Comparison of Top 5 Private Banks in India*

https://finmedium.com/2021/05/quantitative-analysis-of-top-5-private-banks/?amp