Stocks to watch: Bajaj Finance, Zydus Lifesciences, Tata Steel, Amara Raja

Stocks to watch today: Bajaj Finance has raised fixed deposit rates by up to 20 basis points; Zydus Lifesciences will open its share buyback offer on June 23 and close on July 6.

The Indian equity markets are likely to open on a dismal note after the US markets plunged into the bearish territory due to double whammy of upcoming policy rate hike fears and reduction in the central bank’s balance sheet. As of 7:11 AM, the SGX Nifty Futures quoted 15,694 levels, signaling a gap down of 80-odd points on the Nifty50. That apart, India’s retail inflation eased to 7.04 per cent in May after it had touched an eight-year high of 7.79 per cent in April. However, the headline inflation continued to remain above the Reserve Bank of India’s (RBI) upper