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Stocks may open higher


SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 53 points at the opening bell. Markit Manufacturing PMI for May will be declared on today, 1 June 2021.
India s gross domestic product (GDP) for 2020-21 contracted by 7.3%, even as GDP for the year s last quarter (January-March 2021) grew by 1.6%, official data released by the National Statistical Office showed on May 31.
Global markets:
Overseas, Asian stocks are trading mixed on Tuesday, as investors await the release of a private survey on Chinese manufacturing activity in May.
China s factory activity expanded at the fastest pace this year in May. The Caixin/Markit Manufacturing Purchasing Managers Index (PMI) rose to 52.0 last month, the highest level since December and inching up from April s 51.9. ....

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Barometers trade almost flat; breadth turns weak


The key barometers hovered near the flat line in early afternoon trade. Metal shares tumbled while autos and FMCG shares bucked weak market trend.
At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 6.05 points or 0.01% at 51,943.49. The Nifty 50 index lost 15.25 points or 0.10% at 15,567.55. The Nifty pared losses after hitting the day s low of 15,528.30 in early afternoon trade.
In the broader market, the S&P BSE Mid-Cap index fell 0.39% while the S&P BSE Small-Cap index slipped 0.51%.
The market breadth was weak. On the BSE, 1,112 shares rose and 1,857 shares fell. A total of 124 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, jumped 5.92% to 17.89. The Nifty 29 July 2021 futures were trading at 15,564.45, at a discount of 3.10 points as compared with the spot at 15,567.55. ....

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Orchid Ventures, Inc.: Orchid Ventures Announces Financial Results for Period Ended March 31, 2021


Orchid Ventures, Inc.: Orchid Ventures Announces Financial Results for Period Ended March 31, 2021
/ ORCHID VENTURES, INC. (CSE:ORCD; OTC:ORVRD) (the
Company or
Orchid ) is pleased to announce its third quarter ( Q3 2021 ) financial results for the period ended March 31, 2021. All amounts expressed are in United States dollars.
Nine Months Ended March 31, 2021
Nine Months Ended March 31, 2020
Variance
$(994,357)
-77%
Financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). Detailed information regarding the Company s financial results as well as management s discussion and analysis can be found on its SEDAR profile at https://sedar.com/ and https://ir.orchidessentials.com/.
Management Commentary ....

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