PRE-MARKET INDIAN STOCKS NEWS: Ola Electric Mobility (OLAELEC IS) Q4 (INR) net loss 5.0bln (prev. loss 8.7bln Y/Y)
Dutch Consumer Confidence (May) -46.0 (Prev. -44.0)
Dutch Unemployment Rate (Apr) 3.9% (Prev. 4%)
PRE-MARKET INDIAN STOCKS NEWS: Ola Electric Mobility (OLAELEC IS) Q4 (INR) net loss 5.0bln (prev. loss 8.7bln Y/Y)
NAB pushes back its next RBA rate hike call to August from June
Goldman Sachs says global oil stockpiles fell at a record pace of 8.7mln bpd so far in May, adds “Physical markets continue to tighten, as estimated oil exports through the strait remain at a very low 5% of normal”
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Apollo Hospitals Enterprise (APHS IS) - Co. Q4 (INR) net rose 35.9% Y/Y to 5.3bln, rev. rose 18.1% Y/Y to 66.1bln. (Moneycontrol)
Bharti Airtel (BHARTI IS) - Ericsson said Co. introduced India’s first commercial deployment of 5G network slicing. (Economic Times)
Dr Reddy’s Laboratories (DRRD IS) - Co. launched its oral semaglutide biosimilar for type 2 diabetes mellitus in India. (Economic Times)
IndusInd Bank (IIB IS) - Co.’s ratings were affirmed by Moody’s, which revised the outlook to stable from negative, citing stabilisation in senior leadership and easing pressure on funding and liquidity. (Economic Times)
Lenskart - Co. Q4 (INR) net fell 9% Y/Y to 2.0bln, rev. rose 46% Y/Y to 25.2bln. (Economic Times)
Ola Electric Mobility (OLAELEC IS) - Co. Q4 (INR) net loss 5.0bln (prev. loss 8.7bln Y/Y). (Economic Times)
Whirlpool of India (WHIRL IS) - Co. Q4 (INR) net fell 32.7% Y/Y to 0.8bln, rev. rose 8.8% Y/Y to 21.8bln. (Moneycontrol)
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