)
STOCKS TO WATCH
Rate-sensitive sectors such as banking and realty will be in focus ahead of RBI’s Monetary Policy review today. According to analysts, the Reserve Bank of India is widely expected to keep its main lending rate viz. the repo rate unchanged at 8% as the central bank waits for further proof that inflation is under control.
Cox & Kings has exited the camping business in Europe, selling the segment held by its subsidiary to French travel company Homair Vacances for about Rs 892 crore.
Manufacturing activities rose in May compared to the previous month on increased orders, according to the widely-tracked HSBC Purchasing Managers’ Index (PMI). Cap[ital Goods segment will be in focus.
Reliance Jio Infocomm has moved the Bombay High Court on Monday seeking approval for amalgamating its long distance services arm Infotel with itself.
Tata Motors reported 24% decline in total vehicle sales to 37,525 units last month.
Foreign institutional investors can now invest up to 100% of the paid up capital in Zee Entertainment Enterprises.
