Market update 1st June 2020. Indian indices continue their positive streak.
For the 4th consecutive session, Indian indices ended on a higher note, as government has relaxed certain lock down norms and is ready to start some operations in specific areas (with certain regulations) to revive the economy. When market closed, SENSEX increased by 879.42 points or 2.71%, closing at 33,303.52 and NIFTY was up by 245.85 points or 2.57%, closing at 9,826.15. All the sectors ended on positive note. The S&P BSE midcap index was up by 314.18 points or 2.65%, closing at 12,157.40 and S&P BSE Small cap increased by 330.16 points or 3.03%, closing at 11,222.76 While, NIFTY Midcap 100 closed at 13,684.65 up by 411.65 points or 3.10% and NIFTY Small cap 100 closed at 4,131.10, increased by 128.30 points or 3.21%.
Global indices, Commodities and Currency:
When Indian market closed, SGX Nifty was up by 320 points or 3.36% and trading at 9,834.00, NASDAQ was trading at 9,489.87 up by 320 points or 3.36% and CAC was trading at 4,753.87, increased by 1.24% or 58.43 points. While, DAX was trading at 11,586.85 down by 194.28 points or 1.65%.
Currently, Gold is trading at 46,774.00 up by 120 points and 0.26% and Silver is trading at 50,298 up by 180 points and 0.36%. Crude oil is trading at 2,667.00 which is increased by 100 points or 3.90%.
At the time of closing of Indian indices, USD was trading at Rs 75.54, down by 0.10%. EURO was trading at Rs 83.90, down by 0.03% and GBP was trading at Rs 93.51, up by 0.29%.
Sector wise performance:
Among the sectors, major jump was seen in Banking, Auto, IT and FMCG sector. The S&P BSE Auto index increased by 450.39 points, S&P BSE Energy was up by 148.52 points or 3.21% and BSE BANKEX was up by 721.13 points or 3.26%. At closing, NIFTY BANK increased by 662.65 points or 3.43%, closing at 19,959.90 while, NIFTY IT increased by 296.60 points or 2.12%, closing at 14,307.10.
Top 5 gainers:
Share price of Bajaj Finance increased by 207.20 points or 10.61%, closing at Rs 2160.85, Bajaj Finserv gained 358.30 points or 8.13% and closed at Rs 4,763.20, shares of Titan Company increased by 68.90 points or 7.74%, closing at Rs 958.90. Tata Steel was up by 20 points or 6.78%, closing at Rs 315.20 and Mahindra and Mahindra shares was up by 24.75 points or 5.67% and closed at Rs 461.10.
Top 5 losers:
Today, shares which declined the most are from the Pharma sector. Dr Reddys Labs declined by 117.70 points or 2.89%, closing at Rs 3,953.55. Bharti Infratel shares declined by 2.48% or 5.70 points, closing at Rs 224.25. Ultra Tech Cement decreased by 89.15 points or by 2.28%, closing at Rs 3,815.70. Share price of Nestle fell by 357.35 points or 2.04%, closing at Rs 17,183.45 and Sun Pharma declined by 8.85 points or 1.87%, closing at Rs 465.40.
Stock in news:
Many stocks today locked in the upper circuit which includes shoppers shop, IDBI Bank, Canara Bank, HEG, Adani Green Energy and KEI industries. Bajaj Finance and Bajaj Finserv were in news as share price of their company increased by 10.61 percent and 8.13 percent, closing at Rs 2160.85 and Rs 4,763.20 respectively. Also, Titan Company gained today more than 68 points, closing at Rs 958.90. While, major decline was seen in stocks such as Dr Reddy Labs and Ultra Tech cement. Other than these stocks, most active stocks in terms of volume were Vodafone idea, SBI, Tata Powers, PNB, NCC, Adani Powers, Bank of Baroda, Axis Bank, Ashok Leyland and IDFC First Bank.