Long term return stock market Indian Stock Market Nifty 50

Stock Market Daily Updates

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Stock Market Performance on the Previous Day

The stock markets began the day on a positive note, opening higher than Friday’s closing point. However, volatility marked the early trading hours as the markets fell below the opening point twice before stabilizing.

A significant decline was observed in the Nifty 50 stocks after 3:04 PM, leading to a mixed close. Among various sectors, media stocks experienced the highest gains, while IT stocks suffered the most substantial losses.

Global Market Influence

The global market trends also played a role in the domestic market’s performance. US and European markets closed lower, while Asian markets showed a mixed trend, impacting investor sentiment locally.

Top Gainers and Losers on Nifty 50

Top Gainers

  1. UltraTech Cement: ₹10,826.25 ▲ 3.47%
  2. Grasim Industries: ₹2,446.80 ▲ 2.81%
  3. Hero MotoCorp: ₹5,722.20 ▲ 2.51%
  4. Cipla: ₹1,534.25 ▲ 2.47%
  5. Power Grid Corporation: ₹315.80 ▲ 2.09%

Top Losers

  1. Tech Mahindra: ₹1,340.35 ▼ 2.70%
  2. Infosys: ₹1,499.75 ▼ 2.21%
  3. Wipro: ₹475.25 ▼ 1.92%
  4. Mahindra & Mahindra (M&M): ₹2,807.55 ▼ 1.75%
  5. LTIMindtree: ₹4,903.45 ▼ 1.48%

Key News and Updates

Auto Sales: Auto retail sales in May decreased by 5.28% compared to April, but there was a 2.6% increase compared to May 2023.

IPO Activity:

  • Kronox Lab Sciences: The IPO listed at a premium of 21.29%.
  • ixigo: The IPO has been subscribed 1.95 times overall, with retail subscription at 6.21 times. It remains open until June 12.

Corporate Developments:

  • Paytm: Denied being in talks with the Adani Group regarding a stake sale.
  • GAIL: Announced an ethane cracker project in Madhya Pradesh worth ₹60,000 crore.
  • IDBI Bank: Set to receive an income tax refund of ₹2,701.6 crore.
  • RVNL: Secured two contracts valued at approximately ₹651 crore.
  • Punjab National Bank (PNB): Plans to open a representative office in Dubai.
  • JSW Energy: Commenced the construction of a 1 GWh battery energy storage system in Fatehgarh, Rajasthan.

Commodity and Currency Updates

Precious Metals:

  • Gold: ₹70,700 ▼ 1.56%
  • Silver: ₹90,070 ▼ 1.50%

Currency:

  • USD-INR: ₹83.49/USD ▲ 0.02%

International Market Indices

  • Dow Jones: 38,798.99 ▼ 0.22%
  • Nasdaq: 17,133.12 ▼ 0.23%

Long Term Returns

Over the past 20 years, the Indian indices have shown robust annual growth rates:

  • Sensex: ▲ 15.19% p.a.
  • Nifty: ▲ 14.52% p.a.

In comparison, the US indices have also performed well, though at a slightly lower rate:

  • Dow Jones: ▲ 7.07% p.a.
  • Nasdaq: ▲ 12.27% p.a.

This performance overview provides a snapshot of the dynamic movements in the stock markets and highlights the significant activities influencing market trends and investor decisions.

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106 thoughts on “Stock Market Daily Updates”

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