• BPCL: Reports net loss of Rs 1,361 crore led by an exceptional loss of Rs 1,080 crore and an inventory loss of Rs 4,902 crore. GRMs were the lowest since at least Q1FY12 at $0.75 per barrel. Sales volume fell 8.9% from the previous quarter while debt rose 58.7% to Rs 47,819 crore - the highest ever on the books.
• Reliance Industries: Rights issue subscribed 1.59 times, amounting to an overall commitment of Rs 84,000 crore for the Rs 53,124.2 crore issue. Public portion subscribed 1.22 times. Allotment of equity shares will take place on or about June 10. Rights shares expected to be listed on BSE & NSE on or around June 12.
• HDFC Life: Standard Life Insurance is offering 4 crore shares of the company in a block trade. Price is set between Rs 490-501.35 per share, which is a 0-2.3% discount to Wednesday's closing price. The total sale may fetch $266 million, as per data accessed by Bloomberg News.
• VST Tillers and Tractors: Power Tillers sales up 24% in May to 1,750 units while Tractors sales rise 20% to 633 units.
• Jindal Steel and Power: May steel sales up 26% to 7.97 lakh tons, on a consolidated basis, driven by exports.
• Chennai Petrochem: Board has recommended a proposal to Indian Oil Corporation for implementing the 9 MMTPA refinery project at Cauvery basin refinery through a joint venture at an estimated cost of Rs 28,983 crore.
• Shree Renuka Sugars: Board approved proposal of raising funds via external commercial borrowings from its holding company Wilmar Sugar Holdings to refinance company’s existing debt. Board also increased borrowing limit from Rs 6,000 crore to Rs 10,000 crore.
• Non-Nifty Earnings Today: DLF, NIIT, PI Industries, SRF.

To know more about other earnings that were reported after market hours, companies sharing their Covid-19 update, F&O cues, brokerage reports and more, click here.

• Benchmark indices extend gains; end over 2% higher
• Nasdaq briefly surpassed its February closing record
• S&P 500 closes at a three-month high led by banks
• Four stocks gained for every one that declined
• U.S. Dollar drops to its weakest since early-March
• Euro gains for the seventh session against the dollar
• The Bloomberg Dollar Spot Index fell 0.4%
• Yield on the 10-year treasury rose seven basis points to 0.76%
• West Texas Intermediate crude was little changed at $36.84 per barrel. The commodity trades with losses today.

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