Long term return stock market Indian Stock Market Nifty 50

Stock Market Dily Updates: “Daily Stock Market Update: Realty and Consumer Durables Shine, Media Stocks Dip”

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Stock Market Overview

The stock markets opened on a positive note compared to the previous day’s closing. The peak of the day occurred early in the market hours, around 9:20 AM.

Sector Performance

  • Top Performers: Realty and consumer durables sectors saw significant gains.
  • Underperformers: Media stocks experienced the most decline.

Global Market Sentiment

  • US Markets: Remained flat.
  • Asian Markets: Showed an upward trend.
  • European Markets: All major indices were down.

Top Gainers in NIFTY 50

  1. Shriram Finance: Increased by 4.57% to Rs 2,684.30
  2. HDFC Life: Rose by 3.63% to Rs 593.50
  3. Divi’s Labs: Climbed by 3.17% to Rs 4,593.50
  4. M&M: Went up by 2.66% to Rs 2,861.70
  5. Titan: Increased by 2.66% to Rs 3,472.20

Top Losers in NIFTY 50

  1. HUL: Decreased by 1.63% to Rs 2,487.40
  2. Axis Bank: Fell by 1.12% to Rs 1,174.65
  3. Britannia: Dropped by 1.10% to Rs 5,379.45
  4. ICICI Bank: Declined by 1.09% to Rs 1,107.35
  5. Eicher Motors: Reduced by 1.01% to Rs 4,801.50

Major News

  • Palm Oil Imports: India’s palm oil imports surged 74% year-on-year in May, reaching 7.63 lakh tonnes. Total vegetable oil imports were 15.29 lakh tonnes, according to the Solvent Extractors Association.
  • RBI Auction: The Reserve Bank of India (RBI) will conduct a variable repo rate auction worth Rs 75,000 crore over a 14-day period starting June 14.
  • Go First Insolvency: The National Company Law Tribunal (NCLT) granted Go First a 60-day extension to complete its insolvency process.

Stock Updates

  • Ambuja Cement: Set to acquire Penna Cement Industries for Rs 10,422 crore.
  • Havells: Plans to invest Rs 50-60 crore to enhance AC manufacturing in Ghiloth and Sri City regions.
  • Vodafone-Idea (Vi): Board approved raising Rs 2,458 crore through a preferential issue of shares.
  • L&T: Received a substantial order from ONGC worth between Rs 2,500 crore and Rs 5,000 crore.
  • 360 One Wam: Acquired ET Money, a wealth tech platform from Times, for Rs 366 crore.
  • Sobha: Board approved raising Rs 2,000 crore through a rights issue.
  • Exide: Invested Rs 75 crore in its subsidiary, Exide Energy, for a greenfield project in Bengaluru.

1 Day Change

  • Gold: Down by 0.35%, now at Rs 71,120
  • Silver: Decreased by 0.79%, currently at Rs 88,470
  • USD-INR: Slight dip by 0.01%, now Rs 83.52 per USD
  • Dow Jones: Fell by 0.09% to 38,712.21
  • Nasdaq: Rose by 1.53% to 17,608.44

Long-Term Returns (Past 20 Years)

  • Sensex: 14.83% per annum
  • Nifty: 14.69% per annum
  • Dow Jones: 6.79% per annum
  • Nasdaq: 11.49% per annum

Read More Stock Market Daily News Updates

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