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