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.
Table of Contents
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
- Shriram Finance: Increased by 4.57% to Rs 2,684.30
- HDFC Life: Rose by 3.63% to Rs 593.50
- Divi’s Labs: Climbed by 3.17% to Rs 4,593.50
- M&M: Went up by 2.66% to Rs 2,861.70
- Titan: Increased by 2.66% to Rs 3,472.20
Top Losers in NIFTY 50
- HUL: Decreased by 1.63% to Rs 2,487.40
- Axis Bank: Fell by 1.12% to Rs 1,174.65
- Britannia: Dropped by 1.10% to Rs 5,379.45
- ICICI Bank: Declined by 1.09% to Rs 1,107.35
- 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