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.