Share Market Highlights- Nifty settles above 18500, Sensex up 100 pts; Bank Nifty above 43900, Adani Enterprises, BPCL fall

Share Market Highlights: Nifty settles above 18500, Sensex up 100 pts; Bank Nifty above 43900, Adani Enterprises, BPCL fall

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices concluded the last trading session of the week in green. The NSE Nifty 50 advanced 46.35 points or 0.25% to 18,534.10 and the BSE Sensex increased 118.57 points or 0.19% to 62,547.11. In sectoral indices, Bank Nifty surged 147.65 points or 0.34% to 43,937.85, Nifty Auto gained 0.92%, Nifty Metal jumped 1.22% and Nifty Realty surged 1.42% while Nifty IT fell 0.40%. The top gainers on the Nifty 50 were Hindalco, HeroMotocorp, Apollo Hospitals, Tata Steel and Maruti Suzuki while the losers were Adani Enterprises, BPCL, HDFC Life, TCS and Wipro.Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights

16:04 (IST) 2 Jun 2023 Where is share market headed after Nifty concludes above 18530, Bank Nifty above 43930

Benchmark indices NSE Nifty 50 and BSE Sensex concluded the last trading session of the week in positive territory. “This week the Indian market was volatile, however, it was able to regain momentum led by a positive domestic outlook accompanied by global cues. Auto stocks garnered attention as sales numbers for May came in strong, with a sequential recovery boosting sentiment across the sector. The hope that the Fed will refrain from a rate hike has provided comfort to the global equity market,” said Vinod Nair, Head of Research at Geojit Financial Services.

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15:36 (IST) 2 Jun 2023 Nifty, Sensex end in green

The NSE Nifty 50 climbed 46.35 points or 0.25% to 18,534.10 and the BSE Sensex jumped 118.57 points or 0.19% to 62,547.11.

15:12 (IST) 2 Jun 2023 Volume Gainers

Tainwala Chemical and Plastic (I), Paras Defence and Space Technologies, Graphite India, Nureca, Indian Hume Pipe Company, Autoline Industries, Ganga Forging, HEG, The Hi-Tech Gears, Aurum PropTech, Hemisphere Properties India, Manaksia Aluminium Company, Gyscoal Alloys, Nandani Creation, Nuvoco Vistas Corporation, R.P.P. Infra Projects, Sastasundar, Ventures, Creative Newtech, Murudeshwar Ceramics, Cyient and Hardwyn India were among the volume gainers.

15:12 (IST) 2 Jun 2023 Stocks at 52-Week Lows

Edelweiss Financial Services, Hexa Tradex, Lagnam Spintex Limited Lexus Granito (India), Power & Instrumentation (Gujarat), Sheetal Cool Products, Future Enterprises, Godha Cab Insulat Ltd-RE, Goenka Diamond and Jewels, Siti Networks, Sintex Plastics Technology and Suumaya Industries were among the 13 stocks that hit 52-week lows.

15:11 (IST) 2 Jun 2023 Stocks at 52-Week Highs

3M India, Aditya Birla Capital, Action Construction Equipment, Andhra Cements, Anant Raj, The Anup Engineering, Apollo Hospitals Enterprise, Asian Hotels (North), Aurionpro Solutions, Aurobindo Pharma, Avalon Technologies, Bajaj Auto, Brand Concepts, Bharat Dynamics, Beardsell, Bhansali Engineering Polymers, Bharat Wire Ropes, Birla Corporation, Britannia Industries, CCL Products (India), Choice International, Cigniti Technologies, Coforge, Control Print, Craftsman Automation, CRISIL, Cyient, Datamatics Global Services, Delta Corp, Dev Information Technology, DLF, EIH, Electrosteel Castings, eMudhra, EPL, Foods & Inns, Force Motors, Foseco India, Geekay Wires, Globus Spirits, Gravita India, Hardwyn India, Hariom Pipe Industries, Hindware Home Innovation, The Hi-Tech Gears, Housing & Urban Development Corporation, Indo Count Industries, IFGL Refractories, The Indian Hotels Company, Indo Tech Transformers, ITD Cementation India, IZMO, JITF Infralogistics, KDDL, KEI Industries, Kirloskar Brothers, KPIT Technologies, L&T Finance Holdings, Linc, Lumax Auto Technologies, Mahindra & Mahindra Financial Services, Maharashtra Seamless, Manaksia, Mankind Pharma, Manorama Industries, Metro Brands, Minda Corporation, Mold-Tek Technologies, NBCC (India), NCC, Newgen Software Technologies, Narayana Hrudayalaya, Nucleus Software Exports, Onward Technologies, ShreeOswal Seeds And Chemicals, Pavna Industries, Persistent Systems, Power Finance Corporation, Procter & Gamble Health, Polycab India, Power Mech Projects, REC, Repro India, Revathi Equipment, RPP Infra Projects, R Systems International, Saksoft, Salzer Electronics, Sandhar Technologies, Sanghvi Movers, Sanofi India, Satin Creditcare Network, Schneider Electric Infrastructure, Servotech Power Systems, Shanthi Gears, Shreyans Industries, Star Cement, Sundram Fasteners, Swaraj Engines, Syngene International, Talbros Automotive Components, Tata Motors, TD Power Systems, Thangamayil Jewellery, Titan Company, Trent, Transformers And Rectifiers (India), Titagarh Wagons, Vascon Engineers, Venus Pipes & Tubes, VA Tech Wabag, Walchandnagar Industries, Windlas Biotech, Wonderla Holidays, Zensar Technologies and Zen Technologies were among the 125 stocks that hit 52-week high.

15:11 (IST) 2 Jun 2023 Nifty 50 – Gainers/Losers

Apollo Hospitals, HeroMotocorp, Hindalco, Tata Steel, JSW Steel, Mahindra & Mahindra, Maruti Suzuki and Dr Reddy’s Laboratories were the gainers while Adani Enterprises, BPCL, HDFC Life, TCS, Eicher Motors, HCL Tech, Divis Lab and Wipro were the losers.

15:11 (IST) 2 Jun 2023 RIL, Adani Enterprises, Zomato among most active equities

Reliance Industries Ltd, Adani Enterprises, HDFC Bank, Infosys, Zomato, ICICI Bank, Axis Bank, HDFC, Cyient and Coal India.    

15:10 (IST) 2 Jun 2023 Bank Nifty, Auto, Metal, Realty jump

In sectoral indices, Bank Nifty climbed 116.65 points or 0.27% to 43,906.85, Nifty Auto rose 99.05 points or 0.69% to 14,356.05, Nifty Metal jumped 74.35 points or 1.26% to 5,958.55 and Nifty Realty surged 7.45 points or 1.54% to 491.45.

15:10 (IST) 2 Jun 2023 India VIX falls 4%

The volatility index, India VIX fell 4.16% to 11.12.

15:10 (IST) 2 Jun 2023 Nifty, Sensex trade in green

The NSE Nifty 50 rose 30.40 points or 0.16% to 18,518.15 and BSE Sensex gained  87.64 points or 0.14% to 62,516.18.

14:23 (IST) 2 Jun 2023 Chris Wood adds AU Small Finance Bank to Jefferies’ India portfolio, removes CAMS

Renowned investment strategist Christopher Wood of Jefferies has initiated investment in AU Small Finance, assigning it a 3% weightage, and has removed CAMS (Computer Age Management Services) from his portfolio, revealed the latest GREED & Fear note. As a result, the lending sector’s weighting in the portfolio has jumped to 35%. Last month, Chris Wood added Zomato to his three long-only portfolios and SBI Life Insurance to one. Further, he removed HDFC Life and Standard Chartered, and reduced investments in JD.com and Alibaba.

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13:24 (IST) 2 Jun 2023 Nifty jumps above 18540, Sensex soars 200 pts; check top gainers/losers

NSE Nifty 50 rose 58.85 points or 0.32% to 18,546.60 and BSE Sensex jumped 200.21 points or 0.32% to 62,628.75. The top gainers on Nifty 50 were HeroMotocorp, Hindalco, Apollo Hospitals, Mahindra & Mahindra and Dr Reddy’s Laboratories while the losers were Adani Enterprises, Eicher Motors, Divis Lab, HCL Tech and TCS.

13:20 (IST) 2 Jun 2023 Bank Nifty reclaims 44000; check top gainers/loser

Bank Nifty jumped 240.55 points or 0.55% to 44,030.75. The top gainers were PNB, IndusInd Bank, Bank of Baroda, Federal Bank and State Bank of India while the sole loser was Bandhan Bank.

12:36 (IST) 2 Jun 2023 Bullish on NBFCs, IT; FII inflows, domestic liquidity driving uptrend in markets: SAMCO MF

The momentum that is building up in the share markets will continue to strengthen, giving investors reason to have a bullish outlook on the domestic stock market, said Viraj Gandhi, CEO, SAMCO MF.

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12:13 (IST) 2 Jun 2023 Nifty IT dips 70 pts; Check top losers/gainers

Nifty IT fell 72 points or 0.24% to 29,374.15. The top losers were HCL Tech, TCS and Wipro while the gainers were MPhasis, LTTS, Coforge, Persistent System and LTIM.

11:09 (IST) 2 Jun 2023 Gold support placed at Rs 59600, resistance at Rs 60500; All eyes on FOMC meeting amid debt crisis

Gold futures again have climbed above $1950 on optimism of a rate pause during the next upcoming FOMC meet. On Tuesday markets were pricing in a 60% chance of another 25-basis-point hike versus a 40% chance of a pause while on Thursday 70% chance of a pause against a 40% chance of a rate hike. The U-turn came on the back of some of the Fed member’s remarks stating Fed will look into the oncoming economic data before taking further decisions.

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10:32 (IST) 2 Jun 2023 Nifty, Sensex turn flat; Bank Nifty slips below 43850

Benchmark indices turned flat, slipping below the crucial levels. The NSE Nifty was trading at 18,483.85 and BSE Sensex at 62,417.05. Bank Nifty fell below 43850.

09:57 (IST) 2 Jun 2023 Nifty PSU Bank jumps nearly 1%; check top gainers

Nifty PSU Bank jumped 36.90 points or 0.91% to 4,090.50. The top gainers were Bank of Maharashtra, Indian Overseas Bank, Central Bank of India, Punjab National Bank and India Bank while there were no losers.

09:48 (IST) 2 Jun 2023 Nifty may rise to 18750 if it holds above 18480

“Sellers dominated the proceedings yesterday on anticipated lines, with the early upside attempts being turned lower precisely from the 18585 region. However, the catchment area of 18530-430 continued to absorb the bear attack, allowing bulls to regroup, yet again. We hope to stay above 18480, in which case, the upside objective of 18750 will come into play. Alternatively, while we have a high opinion above 18430, slippage past 18480 again could immensely raise the prospects of an extended drop towards 18100-17800. This is not the favoured view though, for now,” said Anand James, Chief Market Strategist at Geojit Financial Services.

09:45 (IST) 2 Jun 2023 Stock-specific action expected within range-bound movement of Nifty

“A dominant economic trend which has implications for investment in India’s improving economic fundamentals in a challenging global environment. Apart from the better-than-expected FY23 GDP growth rate, high-frequency indicators like GST collections, manufacturing PMI, auto sales in May and impressive credit growth indicate a robust and steadily improving economy. FY24 GDP growth is likely to be revised up to around 6.5% and consequently, corporate earnings for FY24 also will be revised up. This scenario, in the context of inflation (4.7% in April) coming within RBI’s tolerance limit and peaking of interest rates, augurs well for equity markets in H2 of CY2023. An important trend in the market is the outperformance of the broader market. Expect lots of stock-specific action even within the range-bound movement of the Nifty,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

09:40 (IST) 2 Jun 2023 MOIL share price soars nearly 3%

MOIL share price soared 2.92% to Rs 163.70 after the company registered record May production, a growth of 43% on-year. The firm produced 1.53 lakh tonnes of manganese ore in May 2023.

09:38 (IST) 2 Jun 2023 Hero Motocorp share price surges 2.66%

Hero Motocorp share price surged 2.66% to Rs 2875.55 after the company sold 519,474 units in May 2023, clocking an on-year growth of 7% over the corresponding month of May 2022, when the company had sold 486,704 units.

09:37 (IST) 2 Jun 2023 UNO Minda share price jumps nearly 2%

UNO Minda share price jumped 1.71% to Rs 564.55 after the company completed the sale of a 26% stake held in Minda Nexgentech to Pioneer Finest at a total consideration of Rs 2.08 crore.

09:36 (IST) 2 Jun 2023 Aditya Birla Capital, Grasim shares jump

Aditya Birla Capital share price jumped 1.43% to Rs 174.15 and Grasim share price rose 0.92% to Rs 1717 after the board of Aditya Birla Capital approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity. Aditya Birla Group flagship Grasim Industries will invest Rs 1,000 crore, while Surya Kiran Investments, another group entity, will invest Rs 250 crore in the preferential issue.

09:34 (IST) 2 Jun 2023 Coal India shares fall; OFS opens for retail investors today, non-retail issue oversubscribed 3.46x at Rs 6,500 cr on Day 1

Coal India share price fell 0.52% to Rs 229.35 today. The Coal India disinvestment bid received an overwhelming response yesterday, as the OFS was oversubscribed 346% by institutional investors. As a result, the government plans to exercise the green shoe option of divesting an additional 1.5% stake today, a portion of which will be open to retail investors. Despite the positive response to the OFS, Coal India share price tanked 4.4% in trade to Rs 230 apiece on Thursday.

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09:31 (IST) 2 Jun 2023 Nifty Realty surges 1.37%; check top gainers/losers

Nifty Realty jumped 6.65 points or 1.37% to 490.65. The top gainers were Sobha, Godrej Properties, DLF, The Phoenix Mills and Mahindra Lifespace Developers while the losers were Brigade Enterprises and Macrotech Developers (LODHA).

09:28 (IST) 2 Jun 2023 Bank Nifty jumps above 44000; check top gainers/losers

Bank Nifty jumped 229.05 points or 0.52% to 44,019.25. The top gainers were Kotak Bank, Axis Bank, ICICI Bank, PNB and IDFC First Bank while the sole loser was Bandhan Bank.

09:19 (IST) 2 Jun 2023 Nifty, Sensex open in green

The NSE Nifty 50 gained 70.40 points or 0.38% to 18,558.15 and BSE Sensex soared 213.8 points or 0.34% to 62,642.34.

09:13 (IST) 2 Jun 2023 Nifty, Sensex end pre-open in green

Benchmark indices ended the pre-opening session in the green. The NSE Nifty 50 rose 63.10 points or 0.34% to 18,550.85 and BSE Sensex jumped 173.43 points or 0.28% to 62,601.97.

09:03 (IST) 2 Jun 2023 Nifty, Sensex may open in green

“The market is likely to open marginally higher on June 2 as the SGX Nifty indicates a positive start for the broader index, with a gain of 70.5 points. After a strong rebound in US markets, Indian markets are ready to open with a gap on the higher side. The View remains positive as we can witness strong momentum in mid-cap and small-cap stocks. The rally on the higher side will continue in the markets and the running corrections will be a buying opportunity. The strong support is placed near 18300 and hence it should be a stop loss on a closing basis,” said Deven Mehata, Equity Research Analyst at Choice Broking.

08:58 (IST) 2 Jun 2023 Bank Nifty may fall to 43500-43400 if it sustains below 44000

“Bank Nifty observed selling pressure from the resistance zone around 44200, suggesting that sellers were active at that level. If the index sustains below the level of 44000, it could indicate further downside potential. In such a scenario, the index may witness a decline toward the support zone around 43500-43400,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

Share Market Outlook Today

08:58 (IST) 2 Jun 2023 Bank Nifty may witness downside move towards 43500-43200

“After making an all-time high Bank Nifty witnessed a profit booking for two consecutive days, the index has closed below the window, where we can expect profit booking to continue in the coming days. Now, if it remains below the 43800 zone then it may witness a downside move towards the 43500 and 43200 zones while resistance exists at 44190 and 44400 levels on the upside,” said Kunal Kamble, Sr. Technical Analyst at Bonanza Portfolio Ltd.

Share Market Outlook Today

08:57 (IST) 2 Jun 2023 Bank Nifty resistance placed at 44000

“On Thursday, Bank Nifty was down by 0.77% and settled at 43790.20. Bank Nifty has support at 43400-43500 while resistance is placed at 44000,” said Deven Mehata, Equity Research Analyst at Choice Broking.

Share Market Outlook Today

08:57 (IST) 2 Jun 2023 Bank Nifty first support 43797 and then 43615

Bank Nifty first support 43797 and then 43615 and the resistance at 44226 and then 44473, according to Rahul Sharma, JM Financial.

Share Market Outlook Today

08:56 (IST) 2 Jun 2023 Market will continue to buy on dips until 18300 is not surpassed

“The positional view remains positive, and the market will continue to buy on dips until the critical support level of 18300 on the downside is not surpassed. The volume profile indicates index has strong support around the 18300-18400 zone.  Coming to the OI Data, on the call side, the highest OI was observed at 18600 followed by 18500 strike prices while on the put side, the highest OI is at 18400 strike price,” said Deven Mehata, Equity Research Analyst at Choice Broking.

Share Market Outlook Today

08:56 (IST) 2 Jun 2023 Weak sentiment likely to continue as long as Nifty trades below 18575

“On daily charts, the Nifty has formed a bearish candle and has also formed a lower top formation on intraday charts which is broadly negative. For the traders, as long as the index is trading below 18575, the weak sentiment is likely to continue. Below the same, the Nifty could slip till 18400-18375. On the flip side, above 18575/the index could rally till 18625-18650,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

Share Market Outlook Today

08:56 (IST) 2 Jun 2023 Nifty may fall to 18000 if it breaches 18281

“The critical support level for the Nifty to watch is at 18281. If the index drops below this level, it could trigger significant selling pressure and potentially push the Nifty towards the psychological level of 18000. On the upside, the Nifty faces significant hurdles at the 18664 level,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Share Market Outlook Today

08:55 (IST) 2 Jun 2023 Nifty hurdle zone placed at 18600–18660

“Nifty is testing the breakout it witnessed from the range of 18000–18400 during the previous week. The daily momentum indicator has a positive crossover and thus this dip should be used as a buying opportunity. Overall, we continue to maintain our positive outlook on the index for a target of 18800 from a short-term perspective. In terms of levels, 18460–18420 shall act as the crucial support zone while the hurdle zone is placed at 18600–18660,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

Share Market Outlook Today

08:55 (IST) 2 Jun 2023 Nifty may rebound from 18450-18400 and regain 18600-18700

“Nifty current prices are situated at crucial support levels around 18450-18400. If there is any improvement in the global situation, the market ideally should rebound from these levels and regain 18600-18700 and higher in the near term. However, breaching this support zone would shift the focus to the 20-day exponential moving average (20EMA), which previously served as strong support during the last correction, now acting as a critical level at 18300,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.

Share Market Outlook Today

08:55 (IST) 2 Jun 2023 Nifty remains in uptrend with support at 18150

“Nifty remains in an uptrend with trend support placed at 18150. As long as the index maintains this level we expect the uptrend to continue towards 18800-19000. For the short term, we are looking at 18400-18450 as a support zone. Select commodity stocks look interesting from value and risk perspective while frontline IT stocks are expected to underperform in the near term,” said Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities.

Share Market Outlook Today

08:54 (IST) 2 Jun 2023 NSE Nifty 50 first support at 18527 and then 18484

NSE Nifty 50 first support at 18527 and then 18484 while resistance at 18636 and then 18702, according to Rahul Sharma, JM Financial.

Share Market Outlook Today

08:12 (IST) 2 Jun 2023 Crude prices rise

Brent crude futures rose 13 cents, or 0.18% to $74.41 a barrel, while U.S. West Texas Intermediate crude (WTI) rose 15 cents to $70.25 a barrel, following two consecutive days of sliding crude prices.

08:12 (IST) 2 Jun 2023 No stocks under F&O ban today

The National Stock Exchange has no securities on its F&O ban list for 2 June. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

08:11 (IST) 2 Jun 2023 FII/DII data

Foreign institutional investors (FII) sold shares worth a net Rs 71.07 crore, while domestic institutional investors (DII) bought shares worth a net Rs 488.93 crore on June 1, according to the provisional data available on the NSE.

08:11 (IST) 2 Jun 2023 Nifty to top 18,500 or bears to grip D-St? Check US stocks, Asia shares, FII activity, SGX Nifty, more

The SGX Nifty gained 0.36% in trade on Friday morning, signaling that domestic indices NSE Nifty 50 and BSE Sensex would open on a positive basis. “Despite challenges in the global economies, the domestic market displayed better than estimated Q4 earnings growth, along with 7.2% GDP growth in FY23, adding buoyancy to the market during the week. However, today the market closed with a marginal negative bias in which banks witnessed heavy profit booking. Investors turned cautious in anticipation of inflationary pressure in the US after raising the US debt ceiling. The US 10-year bond yield inched higher; the market is looking ahead to the trajectory of US interest rates to get more visibility,” said Vinod Nair, Head of Research, Geojit Financial Services.

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08:09 (IST) 2 Jun 2023 Stocks To Watch: Adani Enterprises, Coal India, Aditya Birla Capital, Uno Minda, MOIL, Grasim, GAIL (India)

The SGX Nifty gained 0.36% in trade on Friday morning, signaling that domestic indices NSE Nifty 50 and BSE Sensex would open on a positive basis. Benchmark indices NSE Nifty 50 and BSE Sensex concluded the weekly F&O expiry session in the red. Nifty 50 slipped 47 points, settling at 18,488, and BSE Sensex tumbled 0.31% to 62,429.

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08:07 (IST) 2 Jun 2023 US indices settle in green

The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.47%, S&P 500 climbed 0.99% and the tech-heavy Nasdaq skyrocketed 1.28%.

08:07 (IST) 2 Jun 2023 Asian markets trade broadly in green

Asian markets were trading in green – Hong Kong’s Hang Seng jumped 2.71%, China’s Shanghai Composite index rose 0.37%, Asia Dow soared 1.61%, South Korea’s KOSPI zoomed 0.94% and Japan’s Nikkei 225 surged 0.79%.

08:06 (IST) 2 Jun 2023 SGX Nifty jumps nearly 100 pts

The Nifty futures on the Singapore Exchange (SGX) were trading 88 points or 0.48% higher at 18,652 in today’s early morning trade.