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Market update 12th June 2020. Market closes with highest intraday gains in more than two months.

Market update 12th June 2020. Market closes with highest intraday gains in more than two months.

 

Overall performance:

Today, Indian indices witnessed volatile trade with the biggest intraday gain and closed on a positive note, majorly supported by Banking, Pharma, Energy and Telecom sector stocks. All the sectors ended on positive note except IT. When market closed, SENSEX increased by 242.52 points or 0.72%, closing at 33,780.89 and NIFTY was up by 70.90 points or 0.72%, closing at 9,972.90.

The S&P BSE midcap index was up by 119.57 points or 0.96%, closing at 12,600.15 and S&P BSE Small cap increased by 14.85 points or 0.13%, closing at 11,845.27. While, NIFTY Midcap 100 closed at 14,339.35 up by 181.55 points or 1.28% and NIFTY Small cap 100 closed at 4,393.50 decreased by 4.85 points or 0.11%.

 

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a positive note. DAX was up by 179.74 points or 1.50%, trading at 12,150.03 and CAC was trading at 4,931.07 up by 115.47 points or 1.50%. SGX Nifty was trading at 9,899.50 and increased by 0.47% or 46.50 points. While, NASDAQ was trading at 9,492.73, down by 527.62 points or 5.27%.

Currently, Gold is trading at 47,204, down by 195.00 points or 0.41%, Silver is trading at 48,145, down by 494.00 points and 1.02%. Crude oil is trading at 2,774.00 which decreased by 8.00 points or 0.29%.

 

Currency:

At the closing time of Indian indices, almost all the currencies were trading at a positive note expect Euro. USD was trading at Rs 75.84, increased by 0.08%. EURO was trading at Rs 85.80, down by 0.03% and GBP was trading at Rs 95.81, up by 0.09%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, Pharma and Energy sector while major losses was booked by IT Stocks. The S&P BSE Auto index increased by 419.22 points or 2.91% and S&P BSE BANKEX was up by 67.36 points or 0.29%. While, S&P BSE IT was down by 216.96 points or 1.49%. At close, NIFTY BANK increased by 129.40 points or 0.63%, closing at 20,654.55 and NIFTY Auto was up by 185.80 points or 2.92%. While, NIFTY IT decreased by 216.70 points or 1.48%, closing at 14,402.75 and NIFTY Media fell by 11.25 points or 0.87%.

 

Top 5 gainers:

Share price of Mahindra and Mahindra increased by 33.90 points or 7.14%, closing at Rs 508.45, Bharti Infratel gained 14.20 points or 6.74% and closed at Rs 225.00. Shree Cements shares increased by 1,141.45 points or 5.37%, closing at Rs 22,392.65. Bajaj Finance was up by 111.25 points or 4.76%, closing at Rs 2,450.15 and Hero MotoCorp shares increased by 91.90 points or 3.98% and closed at Rs 2,401.85.

 

Top 5 losers:

Today, Shares of Zee Entertainment declined by 7.40 points or 4.21%, closing at Rs 168.55. ONGC shares declined by 3.45% or 3.00 points, closing at Rs 83.90. Tech Mahindra decreased by 17.15 points or by 3%, closing at Rs 554.70. Share price of Power Grid Corp fell by 4.70 points or 2.75%, closing at Rs 166.30 and Wipro declined by 5.00 points or 2.35%, closing at Rs 207.90.

 

Stock in news:

Most active stocks in terms of volume were Vodafone idea, Tata Motors, SBI, IndusInd Bank, Ashok Leyland, BHEL, IDFC First Bank, Bank of Baroda, Axis Bank, RBL Bank and PNB. Today, IT sector saw a huge loss mainly after the H-1B Visa news which impacted on their stocks and almost all IT stocks including TCS, Wipro and Infosys ended on a negative note. On the other side, telecom index jumped more than 2 percent due to ADR verdict. Mahindra and Mahindra was in news as they announced their Quarter 4 Results. Their share price jumped more than 7 percent and was one of the top gainers today, closing at Rs 508.45.

 

 

Market update 11th June 2020. Market closes 2% lower, IndusInd Bank gains for 5th consecutive day.

Equity Right

Market update 11th June 2020. Market closes 2% lower, IndusInd Bank gains for 5th consecutive day.

Market update 11th June 2020. Market closes 2% lower, IndusInd Bank gains for 5th consecutive day.

 

Overall performance:

Today, Indian indices ended on a negative note due to weak performance in Global Cues and AGR case verdict by Supreme Court. While, market was majorly dragged by Metal, IT, Auto, Banking and Finance sector. When market closed, SENSEX was down by 708.68 points or 2.07%, closing at 33,538.37 and NIFTY was down by 214.15 points or 2.12%, closing at 9,902.00 and almost all sector ended on negative note. In Broader markets, the S&P BSE midcap index was down by 178.76 points or 1.41%, closing at 12,480.58 and S&P BSE Small cap decreased by 124.62 points or 1.04%, closing at 11,830.42. While, NIFTY Midcap 100 closed at 14,157.80, down by 184.20 points or 1.28% and NIFTY Small cap 100 closed at 4,398.35 decreased by 38.45 points or 0.87%.

 

Global indices, commodities and currency:

When Indian market closed, all other major indices was trading at a low note except NASDAQ. SGX Nifty was down by 221.50 points or 2.19% and trading at 9,890.00. DAX was trading at 12,288.01, down by 242.15 points or 1.93% and CAC was trading at 4,949.33, decreased by 104.09 points or 2.06%. While, NASDAQ was trading at 10,020.35, up by 66.60 points or 0.67%.

Currently, Gold is trading at 47,170, up by 544.00 points and 1.17%. Silver is trading at 48,870, up by 786.00 points and 1.63% and Crude oil is trading at 2,912 which is decreased by 52.00 points or 1.73%.

At the time of closing of Indian indices, USD was trading at Rs 75.78, increased by 0.26%. EURO was trading at Rs 86.18, up by 0.25% and GBP was trading at Rs 96.09, down by 0.29%.

 

Sector wise performance:

As Market ended on a negative note, losses were seen all the sectors. But among the sectors major decline was seen in Metal, IT, Banking and Auto sector. The S&P BSE Auto index decreased by 293.39 points, S&P BSE IT was down by 243.21 points or 1.64%. While, BSE BANKEX was down by points 671.53 or 2.79% and BSE Metal was down by 207.49 points or 2.85%. When market closed today, NIFTY Bank fell by 574.95 points or 2.72%, closing at 20,525.15 and NIFTY IT decreased by 222.60 points or 1.50%, closing at 14,619.45. While, NIFTY Auto was down by 129.05 points or 1.98% and closed at 6,373.60.

 

Top 5 gainers:

Today, all the indices ended on a negative note. However, six stocks managed to end at positive note. IndusInd Bank which is increasing from last few days, today increased by 23.55 points or 4.71%, closing at Rs 523.15. Hero MotoCorp gained 17.70 points or 0.77% and closed at Rs 2,309.95. Power Grid Corp shares increased by 0.95 points or 0.56%, closing at Rs 171.00, Mahindra and Mahindra was up by 2.50 points or 0.53%, closing at Rs 474.55 and Nestle shares was up by 73.55 points or 0.44% and closed at Rs 16,608.25.

 

Top 5 losers:

Today, shares which declined most were from the Banking and Metal sector. Bharti Infratel declined by 21.90 points or 9.41%, closing at Rs 210.80. Zee Entertainment shares declined by 7.30% or 13.85 points, closing at Rs 175.95. Shares of SBI decreased by 10.55 points or by 5.62%, closing at Rs 177.15. Share price of Sun Pharma fell by 25.50 points or 5.11%, closing at Rs 473.65 and Vedanta declined by 5.05 points or 4.76%, closing at Rs 101.05.

 

Stock in news:

Today, even when market ended on a lower note, six Nifty 50 stocks gained up to 4 percent which includes IndusInd Bank, Hero MotoCorp, Power Grid Corp, Mahindra and Mahindra, Nestle and Bajaj Auto. IndusInd Bank was in news as they continued to gain for 5th consecutive day, mainly after announcement of additional shares purchase by promoters in company. After AGR verdict, many stocks fell which includes Bharti Airtel, Vodafone Idea and Bharti Infratel. Other than these, stocks which were active by volume are Vodafone idea, SBI, BHEL, RBL Bank, Tata Motors, PNB, Bank of Baroda, ICICI Bank, Federal Bank, Ashok Leyland and IDFC First Bank.

 

 

Market update 10th June 2020. Market regains from Tuesday’s losses, Auto sector shares fall.

Equity Right

Market update 10th June 2020. Market regains from Tuesday's losses, Auto sector shares fall.

Market update 10th June 2020. Market regains from Tuesday’s losses, Auto sector shares fall.

 

Overall performance:

Today, Indian indices witnessed volatile trade but ended on a positive note majorly supported by IT, Bank, Pharma, Energy and Infra sector stocks. When market closed, SENSEX increased by 290.36 points or 0.86%, closing at 34,247.05 and NIFTY was up by 69.50 points or 0.69%, closing at 10,116.20. The S&P BSE midcap index was up by 101.84 points or 0.81%, closing at 12,659.34 and S&P BSE Small cap increased by 108.99 points or 0.92%, closing at 11,955.04. While, NIFTY Midcap 100 closed at 14,342.00 up by 173.35 points or 1.22% and NIFTY Small cap 100 closed at 4,436.80, increased by 22.65 points or 0.51%.

 

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a negative note. DAX was down by 84.54 points or 0.67% and trading at 12,533.45 and CAC was trading at 5,072.09, down by 23.00 points or 0.45%. While, SGX Nifty was trading at 10,116.50 and increased by 1.05% or 105 points. NASDAQ was trading at 9,953.75 up by 29 points or 0.29%.

Currently, Gold is trading at 46,670 up by 60.00 points or 0.13%, Silver is trading at 48,057 down by 42.00 points and 0.09%. Crude oil is trading at 2,867.00 which decreased by 21 points or 0.73%.

 

Currency:

At the time of closing of Indian indices, almost all currencies were trading at a positive note expect USD. USD was trading at Rs 75.58, decreased by 0.03%. EURO was trading at Rs 85.76, up by 0.21% and GBP was trading at Rs 96.20, up by 0.14%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, IT, Finance and Energy sector while major losses was booked by Auto Stocks. The S&P BSE IT index increased by 84.88 points or 0.58% and S&P BSE BANKEX was up by 423.93 points or 1.79%. While, BSE Auto was down by 148.56 points or 1.00%. At the time of closing, NIFTY BANK increased by 375.20 points or 1.81%, closing at 21,100.10 and NIFTY IT was up by 104.25 points or 0.71%. While, NIFTY FMCG decreased by 21.70 points or 0.07%, closing at 29,503.20 and NIFTY Auto fell by 75.05 points or 1.14%.

 

Top 5 gainers:

Share price of IndusInd Bank increased by 35.70 points or 7.70%, closing at Rs 499.60, Hindalco gained 4.35 points or 3.05% and closed at Rs 146.95. Shree Cements shares increased by 503.50 points or 2.40%, closing at Rs 21,513.30. Reliance was up by 35 points or 2.28%, closing at Rs 1,572.15 and Kotak Mahindra’s shares increased by 28.10 points or 2.15% and closed at Rs 1,332.25.

 

Top 5 losers:

Today, shares of Hero MotoCorp declined by 95.05 points or 3.98%, closing at Rs 2,292.25. GAIL declined by 2.97% or 3.00 points, closing at Rs 98.10. Bajaj Auto decreased by 73.95 points or by 2.65%, closing at Rs 2,717.20. Share price of COAL India fell by 3.60 points or 2.49%, closing at Rs 140.70 and Tata Steel declined by 8.20 points or 2.47%, closing at Rs 324.

 

Stock in news:

Most active stocks in terms of volume were Vodafone idea, SBI, PNB, Tata Motors, Ashok Leyland, India Bulls Hsg, Bank of Baroda, Suzlon Energy, Axis Bank, RBL Bank and IDFC First Bank. IndusInd Bank was in news as their shares gained for the 4th straight day and reached nearly at 3 month high, closing at Rs 499.60. JM Financial increased by 3.67 percent today, due to the launch of QIP with indicative issue of Rs 770 crore and closed at Rs 73.50.

Among all the sectors, major gain was seen in Banking and Finance sector today and shares of Kotak Mahindra and Axis Bank increased around 2 to 3 percent. On the other side, as Auto sector ended on negative note, shares like Hero MotoCorp and Bajaj Auto decreased around 3 to 4 percent.

 

 

Market update 9th June 2020. Pharma stocks surge, Dr Reddy’s Labs and IndusInd Bank top gainers.

Equity Right

Market update 9th June 2020. Pharma stocks surge, Dr Reddy's Labs and IndusInd Bank top gainers.

Market update 9th June 2020. Pharma stocks surge, Dr Reddy’s Labs and IndusInd Bank top gainers.

 

Overall performance:

Today, Indian indices ended on a low note as sale of stocks was seen majorly in Banking and Auto sector. While, market was in favour of Pharma stocks. When market closed, SENSEX was down by 413.89 points or 1.20%, closing at 33,956.69 and NIFTY was down by 120.80 points or 1.19%, closing at 10,046.65. Almost all sectors ended on a negative note expect for Pharma and Healthcare.

In Broader markets, The S&P BSE midcap index was down by 26.11 points or 0.21%, closing at 12,557.50 and S&P BSE Small cap decreased by 119.28 points or 1.00%, closing at 11,846.05. While, NIFTY Midcap 100 closed at 14,168.65 down by 54.00 points or 0.38% and NIFTY Small cap 100 closed at 4,414.15 increased by 63.55 points or 1.42%.

 

Global indices, commodites and currency:

When Indian market closed, almost all other major indices was trading at a lower note. SGX Nifty was down by 151.60 points or 1.45% and trading at 10,011.50. NASDAQ was trading at 9,924.75 up by 110.67 points or 1.13% and CAC was trading at 5,068.96, decreased by 106.56 points or 1.06%. While, DAX was trading at 12,551.87 down by 267.72 points or 2.09%.

Currently, Gold is trading at 46,450.00 up by 349.00 points and 0.76%. Silver is trading at 48,187.00 up by 2.00 points and 0.01% and Crude oil is trading at 2,817.00 which decreased by 65.00 points or 2.22%.

At the time of closing of Indian indices, USD was trading at Rs 75.61, increased by 0.09%. EURO was trading at Rs 85.23, up by 0.13% and GBP was trading at Rs 95.69, down by 0.22%.

 

Sector wise performance:

Among the sectors, major gain was seen in Pharma sector and losses was seen in IT, Auto, Metal, Energy, Banking and Financial sector. The S&P BSE Auto index decreased by 88.82 points, S&P BSE IT was down by 71.86 points or 0.48%. While, BSE BANKEX was down by 556.90 points or 2.30%. When market closed today, NIFTY FMCG increased by 22.75 points or 0.08%, closing at 29,524.90 and NIFTY Pharma increased by 182.95 points or 1.84%, closing at 10,122.05. While, NIFTY Bank fell by 462.45 points or 2.18% and closed at 20,724.90.

 

Top 5 gainers:

Most of the gainers were from Pharma sector but some Auto stocks also performed well. Today, Dr Reddys Labs increased by 156.20 points or 3.94%, closing at Rs 4,123.80 and IndusInd Bank gained 12.30 points or 2.72% and closed at Rs 463.90. Sun Pharma shares increased by 11.75 points or 2.40%, closing at Rs 500.75, Mahindra and Mahindra was up by 7.90 points or 1.68%, closing at Rs 478.75 and Bharti Infratel shares was up by 2.80 points or 1.22% and closed at Rs 233.

 

Top 5 losers:

Today, shares which declined most were from the Banking and IT sector. Wipro declined by 8.10 points or 3.58%, closing at Rs 218.35. GAIL shares declined by 3.48% or 3.65 points, closing at Rs 101.10, Tata Motors shares were decreased by 4.00 points or by 3.46%, closing at Rs 111.45. Share price of BPCL fell by 12.60 points or 3.20%, closing at Rs 381.50 and ICICI Bank declined by 11.25 points or 3.13%, closing at Rs 348.55.

 

Stock in news:

Stocks which were active by volume includes were Vodafone idea, SBI, BHEL, RBL Bank, Tata Motors, PNB, Trident, Tata Powers, ICICI Bank, Federal Bank, Ashok Leyland and IDFC First Bank. Today, even when market ended on lower note, some stocks from Auto and Pharma sector gained around 2 to 4 percent. Mahindra and Mahindra was in news as their share price increased by 7.90 points, closing at Rs 478.75. Sun Pharma gained 11.75 points and Dr Reddys Labs gained 156.20 points and touched 52 week high, closing at Rs 4,123.80. ICICI Bank was in news because their shares price decreased by 11.25 points and closed at Rs 348.55 and banking stocks such as Kotak Mahindra, Axis Bank and HDFC Bank also fell around 2 to 3 percent.

 

 

Market update 8th June 2020. Bank and IT sector help Indices to close with minor gains.

Equity Right

Market update 8th June 2020. Bank and IT sector help Indices to close with minor gains.

Market update 8th June 2020. Bank and IT sector help Indices to close with minor gains.

 

Overall performance:

Today, Indian indices witnessed a volatile trade but ended on a positive note majorly supported by IT, Bank, Metal, Energy and Infra sector stocks. When market closed, SENSEX increased by 83.34 points or 0.24%, closing at 34,370.58 and NIFTY was up by 25.30 points or 0.25%, closing at 10,167.50. The S&P BSE midcap index was up by 29.45 points or 0.23%, closing at 12,583.61. S&P BSE Small cap increased by 110.16 points or 0.93%, closing at 11,965.33. While, NIFTY Midcap 100 closed at 14,222.65 up by 64.60 points or 0.46% and NIFTY Small cap 100 closed at 4,477.70, increased by 54.60 points or 1.23%.

 

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a negative note. DAX was down by 70.18 points or 0.55% and trading at 12,777.50. SGX Nifty was trading at 10,163.00 down by 1.00 points or 0.01% and CAC was trading at 5,169.24 decreased by 0.55% or 28.55 points. While, NASDAQ was trading at 9,814.08 up by 198.27 points or 2.06%.

Currently, Gold is trading at 45,985.00 up by 274 points or 0.60%, Silver is trading at 48,189.00 up by 838.00 points and 1.77% and Crude oil is trading at 3,012.00 which is increased by 22 points or 0.74%.

 

Currency:

At the closing time of Indian indices, almost all the currencies were trading at a negative note. USD was trading at Rs 75.54, decreased by 0.06%. EURO was trading at Rs 85.20, down by 0.10% and GBP was trading at Rs 95.51, down by 0.29%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, IT, Finance and Energy sector. The S&P BSE IT index increased by 246.33 points or 1.69% and S&P BSE BANKEX was up by 157.75 points or 0.66%. BSE Auto was down by 49.24 points or 0.33%. At closing, NIFTY BANK increased by 152.85 points or 0.73%, closing at 21,187.35 and NIFTY IT was up by 267.15 points or 1.83%. While, NIFTY FMCG decreased by 39.85 points or 0.13%, closing at 29,502.15 and NIFTY Auto fell by 18.20 points.

 

Top 5 gainers:

Share price of GAIL increased by 6.90 points or 7.05%, closing at Rs 104.75, IndusInd Bank gained 29.25 points or 6.93% and closed at Rs 451.60. BPCL shares increased by 24.50 points or 6.63%, closing at Rs 394.10. Axis Bank was up by 24.50 points or 6.63%, closing at Rs 430.25 and Bajaj Finance shares was increased by 116.90 points or 4.89% and closed at Rs 2,507.25.

 

Top 5 losers:

Today, Shares of Zee Entertainment declined by 9.15 points or 4.44%, closing at Rs 197.05. Shree Cements declined by 4.11% or 908.70 points, closing at Rs 21,180.90. Eicher Motors decreased by 600.50 points or by 3.43%, closing at Rs 16,894.85. Share price of Mahindra and Mahindra fell by 13.35 points or 2.76%, closing at Rs 470.85 and Bharti Infratel declined by 6.05 points or 2,43%, closing at Rs 230.20.

 

Stock in news:

Most active stocks in terms of volume were Vodafone idea, SBI, PNB, Tata Motors, Ashok Leyland, India Bulls Hsg, Bank of Baroda, NCC, SAIL, Axis Bank, RBL Bank and IDFC First Bank. AstraZeneca was in news after its parent company announced a plan for merger with Gilead Sciences and hit 52 week high, closing at Rs 3,363.70. Among all the sectors ,major gain was seen in Banking and Finance sector today.

Bajaj Finance was in news as their share Price gained more than 116 points and closed at Rs 2,507.25. Axis Bank and IndusInd Bank also gained around 6 to 7 percent. Other than these stocks, today GAIL gained more than 7 percent and closed at Rs 104.75. FMCG stocks were in news as today almost all the stocks ended on negative note. Nestle fell by 260.65 points and Britannia decreased by 39.90 points.

 

 

Weekly market update (1st June – 5th June).

Equity Right

Weekly market update (1st June - 5th June).

Weekly market update (1st June – 5th June).

 

Overall Performance:

This week, Indian Equities followed positive cues as government has lifted certain lock down norms and other reasons such as ECB’s stimulus and strong FII inflows has supported economy to recover. Indian indices gained nearly 6 percent and almost on all days, indices ended on positive note. The S&P BSE SENSEX crossed 34,250 and NIFTY reached 10,140 mark.

On 1st June, SENSEX opened at 32,424.1 and closed at 33,303.52 (up by 879.42 points) while, on Friday it closed at 34,287.24 and increased by 306.54 points. When compared with opening price on Monday SENSEX gained around 5.7 percent this week. On the other side, NIFTY opened at 9,580.3 and closed at 10,142.15 on Friday, up by 5.9 percent.

The S&P BSE Mid-cap index gained more than 5 percent and closed at 11,855.17 on Friday. This includes stocks such as Jindal steel and powers, Future Retail limited, RBL bank, and Adani Powers. The S&P BSE Small-cap index gained around 6 percent and closed at 4,423.10 on Friday and includes stocks such as Birla Corporation Ltd, Alok Industries and JBF Industries limited.

 

Global indices, commodities and Currency:

Global index DAX was trading at 11,586.85 down by 194.28 points or 1.65% on Monday while today it is trading at 12,847.68 up by 417.12 points. NASDAQ was trading 9,489.87 up by 320 points or 3.36% while now it is trading at 9,814.08, up by 198.27 and CAC was trading at 4,753.87, increased by 1.24% or 58.43 points, now trading at 5,197.79 up by 185.81 points.

When market closed on Monday, Gold was trading at 46,774.00 up by 120 points and 0.26% and is now trading at 45,698. Silver was trading at 50,298 up by 180 points and 0.36%, currently trading at 47,351 down by 1,460 points.

On Monday, at the time of closing of Indian indices, USD was trading at Rs 75.54 which is now trading at Rs 75.58. EURO was trading at Rs 83.90, currently trading at Rs 85.53 and GBP was trading at Rs 93.51 which is now trading at Rs 96.15.

 

Sector wise:

This week major gain was seen in Banking, Financial, IT, Energy and Auto Sector. NIFTY Bank increased by 1,737.25 points (in this week, comparing to the opening price of Monday), closed at 21,034.50.

 

Top 5 gainers:

This week, share price of Tata Motors increased by 27.30% or by 23.75 points, closing at Rs 110.75. Bajaj Finance gained 22.35% or 436.70 points, closing at Rs 2,390.35 and shares of Bajaj Finserv jumped by 18.88 percent or 831.50 points, closing at Rs 5,236.40. SBI’s share price increased by 26.50 points or 16.43 percent, closing at Rs 187.80 this week, and share price of Tata Steel gained 43.75 points or 14.82 percent and closed at Rs 338.95.

 

Top 5 losers:

SRF’s share price fell by 3.77 percent or by 143.05 points and closed at Rs 3,648.00. This week, share price of Indraprastha Gas decreased by 3.16 percent or 15.95 points, closing at Rs 488.75. TCS fell by 2.19 % or 45.80 points, closing at Rs 2,048.10 shares. Tata Communications declined by 2.05 percent or 9.85 points, closing at Rs 470.10 and share price of Marico declined by 2.01% or 6.70 points and closed at Rs 326.45 on Friday.

 

Stocks in news:

This week many stocks locked in the upper circuit which includes shoppers shop, IDBI Bank, Canara Bank, HEG, Adani Green Energy and KEI industries. Major gain was seen in Banking, Finance and Auto sector in this week. Bajaj Finance and Bajaj Finserv were in news as share price of their company increased by 436.70 points and 831.50 points, closing at Rs 2,390.35 and Rs 5,236.40 respectively. In auto sector, major gain was seen in shares of Tata motors as they started operations at all their plants. It increased by 27.30% or by 23.75 points, closing at Rs 110.75.

Shares of SBI increased more than 16 percent after they reported profit of Rs 3,580.81 crore in their Q4 FY20 results and closed at Rs 187.80. Other than these stock, most active in terms of volume includes stocks such as Vodafone Idea, Axis Bank, Bharti Airtel, IDFC First Bank, SAIL, NCC, Bank of Baroda, Tata Motors, Jindal Steel, ITC, ICICI bank, Adani power, Tata power and SBI.

 

 

Market update 5th June 2020. Market ends week in a positive way.

Equity Right

Market update 5th June 2020. Market ends week in a positive way.

Market update 5th June 2020. Market ends week in a positive way.

 

Overall performance:

Today, Indian indices ended on a positive note majorly supported by Banking, Auto, Metal and Infra sector stocks. When market closed, SENSEX increased by 306.54 points or 0.90%, closing at 34,287.24 and NIFTY was up by 113.05 points or 1.13%, closing at 10,142.15. Almost all the sectors ended on positive note expect FMCG. The S&P BSE midcap index was up by 220.87 points or 1.79%, closing at 12,554.16 and S&P BSE Small cap increased by 290.38 points or 2.51%, closing at 11,855.17. While, NIFTY Midcap 100 closed at 14,158.05 up by 245.25 points or 1.76% and NIFTY Small cap 100 closed at 4,423.10, increased by 144.55 points or 3.38%.

 

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a positive note. SGX Nifty was up by 123 points or 1.23% and trading at 10,147.50. NASDAQ was trading at 9,615.81 down by 67.10 points or 0.69% and CAC was trading at 5,109.45 increased by 1.94% or 97.47 points. While, DAX was trading at 12,616.18 up by 185.62 points or 1.49%.

Currently, Gold is trading at 46,285.00 down by 411 points and 0.91% and Silver is trading at 48,233.00 down by 578 points and 1.18%. Crude oil is trading at 2,897.00 which increased by 80 points or 2.84%.

 

Currency:

At the closing time of Indian indices, USD was trading at Rs 75.58, increased by 0.01%. EURO was trading at Rs 58, up by 0.07% and GBP was trading at Rs 95.44, up by 0.45%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, Metal and Energy sector. The S&P BSE Auto index increased by 261.22 points. S&P BSE BANKEX was up by 640.71 points or 2.73% while, BSE IT was down by 110.44 points or 0.75%. At closing, NIFTY BANK increased by 644.05 points or 3.16%, closing at 21,034.50 and NIFTY Auto was up by 117.40 points. While, NIFTY FMCG decreased by 79.55 points or 0.27%, closing at 29,542.

 

Top 5 gainers:

Share price of Tata Motors increased by 12.25 points or 12.44%, closing at Rs 110.75, Bharti Infratel gained 17.35 points or 7.93% and closed at Rs 236.25. Shares of State bank of India increased by 13.75 points or 7.90%, closing at Rs 187.80. Tata Steel was up by 19 points or 5.94%, closing at Rs 338.95 and Hindalco shares increased by 6.60 points or 4.63% and closed at Rs 149.25.

 

Top 5 losers:

Today, TCS Shares declined by 43.30 points or 2.07%, closing at Rs 2,048.25. HUL declined by 1.56% or 33.00 points, closing at Rs 2,087.60. Cipla decreased by 9.65 points or by 1.46%, closing at Rs 650.90. Share price of Bajaj Auto fell by 40.95 points or 1.45%, closing at Rs 2,776.30 and Infosys declined by 4.20 points or 0.59%, closing at Rs 703.55.

 

Stock in news:

Most active stocks in terms of volume were Vodafone idea, SBI, PNB, Tata Motors, Ashok Leyland, Tata Powers, Bank of Baroda, NCC, SAIL, Axis Bank, RBL Bank and IDFC First Bank. Among all the sectors, major gain was seen in Auto and Banking sector today. Tata Motors was in news as their share price gained more than 12 percent and closed at Rs 110.75. SBI also gained around 8 percent. Other than these stocks, Shree Cements gained 692.95 points and closed at Rs 22,089.60. FMCG stocks were in news as today almost all the stocks ended on negative note. Nestle fell by 99.75 points and HUL decreased by 33 points.

 

 

Market update 4th June 2020. Market declines marginally after six sessions of gains.

Equity Right

Market update 4th June 2020. Market declines marginally after six sessions of gains.

Market update 4th June 2020. Market declines marginally after six sessions of gains.

 

Overall performance:

Today, Indian indices ended on low note and broke the six consecutive days streak to close on a positive note. Mostly dragged by banking sector stocks like Bajaj Finance, IndusInd Bank, HDFC Bank and Kotak Mahindra Bank. When market closed, SENSEX was down by 128.84 points or 0.38%, closing at 33,980.70 and NIFTY was down by 32.40 points or 0.32%, closing at 10,029.10. All the sectors ended on positive note expect Banking and Finance.

The S&P BSE midcap index was down by 7.36 points or 0.06%, closing at 12,333.29 and S&P BSE Small cap decreased by 5.86 points or 0.05%, closing at 11,564.79. While, NIFTY Midcap 100 closed at 13,912.80 down by 11.50 points or 0.08% and NIFTY Small cap 100 closed at 4,278.55, increased by 0.40 points or 0.01%.

 

Global indices, Commodities and Currency:

When Indian market closed, almost all other major indices was trading at a low note. SGX Nifty was down by 65.50 points or 0.65% and trading at 10,024.50. NASDAQ was trading at 9,682.91 up by 74.53 points or 0.78% and CAC was trading at 4,999.41, decreased by 0.46% or 14.78 points. While, DAX was trading at 12,410.39 down by 76.97 points or 0.62%.

Currently, Gold is trading at 46,600 up by 501.00 points and 1.09%, Silver is trading at 48,568 up by 114 points and 0.24%. Crude oil is trading at 2,779.00 which is decreased by 1.00 points or 0.04%.

At the time of closing of Indian indices, USD was trading at Rs 75.58, increased by 0.15%. EURO was trading at Rs 84.58, down by 0.01% and GBP was trading at Rs 94.64, down by 0.07%.

 

Sector wise performance:

Among the sectors major gain was seen in FMCG, Auto, IT and Pharma sector and losses was seen in banking and financial sector. The S&P BSE Auto index increased by 30.37 points, S&P BSE IT was up by 267.66 points or 1.86%. While, BSE BANKEX was down by 651.32 points or 2.70%. When market closed today, NIFTY IT increased by 265.75 points or 1.85%, closing at 14,627.45 and NIFTY Pharma increased by 213.80 points or 2.17%, closing at 10,077.85. NIFTY Bank fell by 550.25 points or 2.63% and closed at 20,390.45.

 

Top 5 gainers:

Most of the gainers were from Pharma and IT sector. Today, Vedanta increased by 7.70 points or 7.96%, closing at Rs 104.40 and Tech Mahindra gained 28.85 points or 5.21% and closed at Rs 582.10. Zee Entertainment shares increased by 9.90 points or 5.60%, closing at Rs 205.60, Sun Pharma was up by 18.70 points or 3.93%, closing at Rs 494.85 and Bharti Airtel shares was up by 20.80 points or 3.77% and closed at Rs 572.45.

 

Top 5 losers:

Today, shares which declined most were from the Banking and Finance sector. Asian Paints declined by 82.80 points or 4.82%, closing at Rs 1,633.75. Bajaj Finance shares declined by 4.10% or 98.85 points, closing at Rs 2,313.05, IndusInd Bank shares decreased by 17.30 points or by 4.00%, closing at Rs 415.05. Share price of HDFC Bank fell by 71.35 points or 3.89%, closing at Rs 1,764.30 and Kotak Mahindra declined by 52.15 points or 3.71%, closing at Rs 1,334.40.

 

Stock in news:

Stocks which were active by volume includes were Vodafone idea, SBI, Tata Motors, PNB, Trident, Tata Powers, ICICI Bank, Federal Bank, Ashok Leyland and IDFC First Bank. Today, even when market ended on lower note some stocks from IT and Pharma sector gained around 4 to 6 percent. Tech Mahindra was in news as their shares price increased by 28.85 points closed at Rs 96.50. Sun Pharma gained 18.70 points and Cipla gained 19.35 points, closing at Rs 660.55. Asian Paints was in news because their shares price decreased by 82.80 points and closed at Rs 1,633.75 and banking stocks such as Kotak Mahindra, Axis Bank and HDFC Bank also fell around 3 to 5 percent.

 

 

Market update 3rd June 2020. Financials lead the way for another positive day for Indian market.

Equity Right

Market update 3rd June 2020. Financials lead the way for another positive day for Indian market.

Market update 3rd June 2020. Financials lead the way for another positive day for Indian market.

 

Overall performance:

Indian stock market continued to gain for the sixth straight day, while today major gain was seen in Bank, Auto, Pharma and FMCG sector. When market closed, SENSEX increased by 284.01 points or 0.84%, closing at 34,109.54 and NIFTY was up by 82.40 points or 0.83%, closing at 10,061.50 and almost all the sectors ended on positive note expect IT. The S&P BSE midcap index was up by 37.96 points or 0.31%, closing at 12,340.65 and S&P BSE Small cap increased by 142.24 points or 2.07%, closing at 11,570.65. While, NIFTY Midcap 100 closed at 13,924.30 up by 53.90 points or 0.39% and NIFTY Small cap 100 closed at 4,278.15, increased by 49.70 points or 1.17%.

 

Global indices and commodities:

When Indian market closed, all the global indices were trading at a positive note. SGX Nifty was up by 111 points or 1.11% and trading at 10,090.00. NASDAQ was trading at 9,608.38 up by 56.33 points or 0.59% and CAC was trading at 4,962.37 increased by 2.13% or 103.40 points. While, DAX was trading at 12,314.46 up by 293.18 points or 2.44%.

Currently, Gold is trading at 46,650.00 down by 146 points and 0.31%. Silver is trading at 49,150.00 up by 70.00 points and 0.14% and Crude oil is trading at 2,786.00 which is increased by 40 points or 1.46%.

 

Currency:

At the time of closing of Indian indices, USD was trading at Rs 75.46, increased by 0.13%. EURO was trading at Rs 84.51, up by 0.78% and GBP was trading at Rs 94.91, up by 0.72%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, and FMCG sector. The S&P BSE Auto index increased by 50.02 points, S&P BSE BANKEX was up by 488.75 points or 2.07% while, BSE IT was down by 61.51 points or 0.42%. At closing, NIFTY BANK increased by 410.50 points or 2.00%, closing at 20,940.70 and NIFTY Auto was up by 27.35 points. While, NIFTY IT decreased by 60.70 points or 0.42%, closing at 14,361.70.

 

Top 5 gainers:

Share price of Mahindra and Mahindra increased by 22.25 points or 4.81%, closing at Rs 485.10, Kotak Mahindra gained 43.65 points or 3.25% and closed at Rs 1,386.55. Shares of Bajaj Finance increased by 65.70 points or 2.80%, closing at Rs 2,411.90. SBI was up by 4.65 points or 2.73%, closing at Rs 174.90 and ICICI Bank shares was increased by 8.45 points or 2.43% and closed at Rs 356.85.

 

Top 5 losers:

Today, NTPC declined by 2.05 points or 2.12%, closing at Rs 94.70. Wipro shares declined by 2.08% or 4.50 points, closing at Rs 211.35. Bharti Infratel decreased by 4.25 points or by 1.09%, closing at Rs 219.00. Share price of Zee Entertainment fell by 3.25 points or 1.63%, closing at Rs 195.70 and UPL declined by 5.60 points or 1.32%, closing at Rs 419.10.

 

Stock in news:

Most active stocks in terms of volume were Vodafone idea, SBI, Tata Powers, PNB, Tata Motors, South Ind Bk, Adani Powers, Bank of Baroda, Axis Bank, RBL Bank and IDFC First Bank. Among all the sectors, major gain was seen in Auto sector today, stocks like Tata Motors, Mahindra and Mahindra, Tata Motors DVR, and Escorts gained around 2 percent to 5 percent and Mahindra and Mahindra was one of major gainer of the day, increased by 22.25 points and closed at Rs 485.10. While, almost all stocks in IT sector declined which includes Infosys, Wipro, Tata Elxsi and Hex aware Tech.

 

 

Market update 2nd June 2020. Indian Market witness gains for 5th successive session.

Equity Right

Market update 2nd June 2020. Indian Market witness gains for 5th successive session.

Market update 2nd June 2020. Indian Market witness gains for 5th successive session.

 

Overall performance:

Indian indices ended positive for the fifth consecutive day, mainly due to the slow restart of business activities post lock down as government has given permission with certain regulations. Today SENSEX gained more than 500 points while, NIFTY was close to touch the 10,000 mark. When market closed, SENSEX was up by 522.01 points or 1.57%, closing at 33,825.53 and NIFTY was up by 152.95 points or 1.56%, closing at 9,979.10. All the sectors ended on positive note expect FMCG.

The S&P BSE midcap index was up by 145.29 points or 1.20%, closing at 12,302.69 and S&P BSE Small cap increased by 205.65 points or 1.83%, closing at 11,428.41. While, NIFTY Midcap 100 closed at 13,870.40 up by 185.75 points or 1.36% and NIFTY Small cap 100 closed at 4,228.65, increased by 97.55 points or 2.36%.

 

Global indices, Commodities and Currency:

When Indian market closed, all major indices was trading at a positive note. SGX Nifty was up by 145 points or 1.45% and trading at 9,979.00, NASDAQ was trading at 9,552.05 up by 62.18 points or 0.66% and CAC was trading at 4,865.22, increased by 2.15% or 102.44 points. While, DAX was trading at 12,050.82 up by 463.97 points or 4.00%.

Currently, Gold is trading at 46,975.00 down by 108 points and 0.23%, Silver is trading at 50,374 down by 108 points and 0.47%. Crude oil is trading at 2,745.00 which increased by 76 points or 2.85%.

At the time of closing of Indian indices, USD was trading at Rs 75.36, down by 0.18%. EURO was trading at Rs 83.88, down by 0.22% and GBP was trading at Rs 94.37, up by 0.06%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, IT and Pharma sector. The S&P BSE Auto index increased by 123.78 points, S&P BSE Health care was up by 106.43 points or 0.68% and BSE BANKEX was gained 743.05 points or 3.25%. When market closed today, NIFTY BANK increased by 570.30 points or 2.86%, closing at 20,530.20 and NIFTY IT increased by 115.30 points or 0.81%, closing at 14,422.40. While, NIFTY FMCG fell by 211.45 points.

 

Top 5 gainers:

For the second consecutive day, shares of Bajaj Finserv and Bajaj Finance hiked. Today, Bajaj Finserv increased by 421.50 points or 8.85%, closing at Rs 5184.70 and Bajaj Finance gained 185.35 points or 8.58% and closed at Rs 2,346.20. Tata Motor’s shares increased by 6.95 points or 7.76%, closing at Rs 96.50, Kotak Mahindra was up by 94.50 points or 7.57%, closing at Rs 1,342.90 and Zee Entertainment shares was up by 13.05 points or 7.02% and closed at Rs 198.95.

 

Top 5 losers:

Today, shares which declined most were from the FMCG and Pharma sector. Coal India declined by 5.15 points or 3.47%, closing at Rs 143.40. Maruti Suzuki shares declined by 1.79% or 103.50 points, closing at Rs 5,690.10. ITC shares decreased by 3.30 points or by 1.65%, closing at Rs 197.25. Share price of Dr Reddy’s Labs fell by 58.25 points or 1.47%, closing at Rs 3,895.30 and BPCL declined by 4.70 points or 1.36%, closing at Rs 341.60.

 

Stock in news:

Stocks which were active by volume includes Vodafone idea, SBI, Tata Motors, Mother Son Sumi, NCC, Tata Powers, ICICI Bank, Federal Bank, Ashok Leyland and IDFC First Bank. Today, Tata Motors was in news as their shares price increased around 8%, after they resumed operations at all the plants including Jamshedpur Plant which recently got approval to start operations and its share price closed at Rs 96.50. Kotak Mahindra was also in news after MD of the company decided to sell stake in private sector lender to settle agreement with RBI. Today, their shares gained around 8% and closed at Rs 1,342.50.

 

 

Market update 1st June 2020. Indian indices continue their positive streak.