Stocks To Watch: LIC, Natco Pharma, Aditya Birla Fashion, IRCTC

The stocks of Life Insurance Corporation of India Ltd., Natco Pharma Ltd. and Lakshmi Machine Works Ltd. will be in focus after they announced their quarterly earnings on Monday. In addition, Aditya Birla Fashion and Retail Ltd., Indian Railway Catering and Tourism Corporation Ltd. and Brigade Enterprises Ltd. will be in the spotlight as they announce their quarterly results.

The board of Adani Energy Solutions Ltd. approved a fund raise of Rs 12,500 crore through qualified institutional placement or other permissible modes on May 27.

Honasa Consumer Ltd., a holding company of Mamaearth, has announced the acquisition of CosmoGenesis Labs, a cosmetic formulation and development company.

Benchmarks in Asia-Pacific markets were trading slightly lower as investors exercised caution before release of a slew of economic data from the region.

The Nikkei 225 was 41.39 points or 0.11% lower at 38,858.63, and the S&P ASX 200 was 0.90 points or 0.01% down at 7,787.40 as of 06:36 a.m.

Inflation data from Japan, Australia, and euro region are scheduled to be released later this week.

Financial markets in the U.S. were closed on Monday for Memorial Day.

Brent crude oil contract for delivery in July was trading 0.04% lower at $83.06 per barrel as of 06:40 a.m. Gold was trading 0.01% lower at $2,350.76.

The GIFT Nifty was trading 3 points or 0.01% higher at 23,028.50 as of 06:41 a.m.

India’s benchmark stock indices ended marginally lower on Monday after hitting record highs, tracking losses in shares of Reliance Industries, ITC and Mahindra & Mahindra. The NSE Nifty 50 closed 24.65 points or 0.11% lower at 22,932.55, and the S&P BSE Sensex settled 19.89 points or 0.03% down at 75,390.50.

During the day, the Nifty rose as much as 0.67% to 23,110.80, while the Sensex jumped 0.79% to 76,009.68.

Overseas investors in Indian equities remained net sellers for the second straight session. Foreign portfolio investors offloaded stocks worth Rs 541.2 crore, while domestic institutional investors turned net buyers after a day of selling and mopped up equities worth Rs 922.6 crore, according to provisional data from the NSE.

The Indian rupee weakened by 5 paise to close at 83.14 against the U.S. dollar.