DSIJ Mindshare

The core retail inflation is on an upward trend due to the rising fuel price scenario. The retail CPI inflation (consumer price index) stood at 4.87 per cent for the month of May, touching a 5-month high mark.

The PAT for the quarter came in at Rs. 3,612 crore, yoy increase of 3.7 per cent but declined marginally by 2.1 per cent on a sequential basis.

Sensex opened higher and hit above its previous day’s high which was an all-time high made after January 29, 2018, but could not sustain and closed flat. However, there were 5 stocks which hit 52-week high levels in Monday’s trade and closed in green.

After hitting all-time high levels, Nifty FMCG index witnessed profit booking in Friday’s trade, registering more than 1 per cent loss. The index had formed a kind of Bearish Engulfing pattern which if confirmed on Monday’s trade can give some more downside in the sessions to come.

Maharashtra government has allowed movie-goers to carry their own food to theatres starting from next month onwards. The multiplexes charge exorbitant prices for food sold at their premises, which form significant part of their revenue.