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