sensex today: CLOSING BELL: Sensex snaps 4-day winning run, falls 3 points; Nifty ends almost flat at 15,575; Venky’s jumps 10%; Safari 9%

It’s a healthy pause and we may see further consolidation in the benchmark in the coming session. However, there’ll be no shortage of stock-specific trading opportunities… With the earnings season largely behind us, the markets would focus on global markets and the upcoming monetary policy review meet for cues.

– Ajit Mishra, Religare Broking

Despite positive global cues and optimism from declining fresh Covid cases, domestic bourses erased their early gains and traded flat owing to weak economic data. While the upcoming RBI policy and a likely delay in the start of monsoon season bought cautiousness to the momentum.

– Vinod Nair, Geojit Financial Services

Indices traded in a range and closed flat even as corporate India has been announcing capital expenditure plans since the start of the fiscal year. Weak PMI data did not help sentiments as we saw profit-taking across the metal space.

– S Ranganathan, LKP Securities

Market at Close

This is how the 30-pack Sensex moved in today’s session. It touched a high of 52,228.65 and a low of 51,808.88

CLOSING BELL: Sensex snaps 4-day winning run, falls 3 points; Nifty ends almost flat at 15,575; Venky’s jumps 10%; Safari 9%

FII’s strategy of selling in India and moving to other emerging markets have proven to be sub-optimal since India has been outperforming most other emerging markets. That’s why FIIs have staged a comeback since mid-May and buying aggressively. Huge delivery-based buying in frontline stocks like RIL, ICICI Bank, ITC, etc indicate high appetite for these stocks and FIIs might be buying into them and other high-quality stocks with earnings visibility. This trend may continue.

– VK Vijayakumar, Chief Investment Strategist at Geojit financial Services

HDFC, Bajaj Finance, SBI, RIL top boosts for Sensex

On the other hand, selling pressure witnessed in ICICI Bank, Infosys, Asian Paints and HDFC Bank kept the upside in check.

Maruti Suzuki total sales decline 71% in May over April

Price as on 01 Jun, 2021 03:15 PM, Click on company names for their live prices.

Rupee down 22 paise against the US dollar. This is how the Indian currency has performed against the greenback in last 6 months

BSE StAR MF records a new milestone; processes 1.14 cr transactions in May 2021

BSE StAR MF, India’s largest and leading Mutual Funds Distributor platform, has set an all new record. In May 2021, BSE StAR MF processed 1.14 cr transactions worth Rs. 30,938 Cr, despite the devastating Covid-19 outbreak and distributors channelising their transactions through online platforms.

Gold’s momentum is with the bulls after best month since July 2020

Fresh virus outbreaks and patchy economic data have also boosted gold, which is again drawing investors via exchange-traded funds — a major driver of last year’s rally.

SBI hits record high; up 12% since Q4 result on May 21

Price as on 01 Jun, 2021 02:29 PM, Click on company names for their live prices.

Rolex Rings gets Sebi nod to launch IPO

Auto components maker Rolex Rings has received capital markets regulator Sebi’s approval to float an initial public offer (IPO). Rolex Rings’ IPO comprises fresh issue of shares worth Rs 70 crore and an offer for sale of up to 65 lakh equity stocks by Rivendell PE LLC (formerly known as NSR-PE Mauritius LLC), according to draft red herring prospectus (DRHP).

Top gainers and losers in the pharma space

Price as on 01 Jun, 2021 02:10 PM, Click on company names for their live prices.

Is buying real estate stocks a good idea?

While foreign portfolio investors (FPIs) went on a selling spree on Dalal Street in the last two months amid fears over earning downgrades due to Covid 2.0, inflows into realty sector continued. Real estate stocks saw net inflows of $213 million in April and $710 million in March.

BSE signs MoU with ESC to encourage SME & Startup listing

BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, has signed a memorandum of understanding (MoU) with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about benefits of listing among ICT SMEs and Startups of the country.

As D-Street takes a breather, 94 stocks send bearish signs on MACD indicator

The momentum indicator signalled bearish crossovers — a sign of bearish undertone — on these counters, hinting at possible downsides in the days ahead. Some of the stocks have fallen up to 18 per cent in Tuesday’s trade so far.

Ashok Leyland’s May sales at 3,199 units vs Street estimates of 4,000 units

Price as on 01 Jun, 2021 01:23 PM, Click on company names for their live prices.

Second wave impact on GDP less than feared; expect RBI policy normalisation by year-end: Nomura

“Although the second wave will likely constrain sequential growth momentum in Q2CY21, we expect the damage to be significantly less than during the first wave and less than currently feared,” said Sonal Verma, chief economist at Nomura Securities.

Narayana Hrudayalaya rallies 16% after manifold jump in Q4 profit

The hospital chain reported a 469 per cent surge in consolidated profit at Rs 68.05 crore in Q4FY21 against Rs 11.99 crore in the same quarter of the previous year.

Power sector stocks mixed. Here are the top gainers and losers

Price as on 01 Jun, 2021 12:36 PM, Click on company names for their live prices.

S&P BSE METAL biggest sectoral loser, down 2%. This is how the index stocks are faring

Here are the top losers in the real estate space

Price as on 01 Jun, 2021 12:06 PM, Click on company names for their live prices.

India’s GDP to grow at 9.3 per cent in FY22 and 7.9 per cent in FY23, says Moody’s

Moody’s Investors Service on Tuesday pegged India’s GDP growth at 9.3 per cent in the current fiscal ending March 2022 and 7.9 per cent in FY23. “The reimposition of lockdown measures along with behavioural changes on fear of contagion will curb economic activity, but we do not expect the impact to be as severe as during the first wave,” it said.

Forex Center: This is how the major currencies are faring against each other

Motilal Oswal Institutional Equities recommends Muthoot Finance, AU Small Finance Bank, Cholamandalam Investment and Finance Company in midcap financial stocks.

90% drop & then a 300% bounce: What lies ahead of PNB Housing?

The stock’s total return from the low of March 2020 has surged to 320 per cent. This is a U-turn for a stock that nosedived 91 per cent to a low of Rs 149.10 in March 2020 from a closing high of Rs 1,686.35 in August 2017.

Motilal Oswal Institutional Equities has released a model portfolio for BFSI in which the brokerage is overweight on ICICI Bank, SBI and Axis Bank.

Will RBI warning of a bubble in stocks require followup action?

The Archegos saga is particularly relevant in the wake of the caution issued by the RBI over the meteoric rise in Indian stock market amid GDP contraction and its stark warning of a bubble fueled mainly by rising money supply and foreign portfolio investor (FPI) investments.

Buy recommendations from YES Securities: Gulf Oil Lubricants India, IPCA Labs, Aurobindo Pharma and V-Mart Retail

Bajaj Auto shares gain after reporting strong May sales data; analysts say ‘buy’

Bajaj Auto has been the pick of the sector as it has huge cash reserves, while its customer base is also from diverse geography, mitigating the impact of second wave in India.

Rupa jumps 20%. Here’s why

Shares of hosiery manufacturer Rupa & Company jumped 20 per cent, just shy of the circuit. Renowned hedge fund manager Jeremy Grantham’s GMO Emerging Market Fund and Abakkus Asset’s Sunil Singhania have purchased stakes in the inner wear maker.

Rupee rises 8 paise to 72.54 against US dollar in early trade

The Indian rupee appreciated 8 paise to 72.54 against the US dollar in early trade on Tuesday amid improved risk appetite and the broad weakness of the greenback in the overseas market. At the interbank foreign exchange, the domestic unit opened at 72.57 against the dollar, then inched higher to 72.54, registering a gain of 8 paise over its previous close.

IT and bank stocks top drag on Sensex

Liquor stocks in focus after Delhi govt permits home delivery of liquor through app or web portals

Ashok Leyland expects plants to be operational only for up to 10 days in June

Commercial vehicles major Ashok Leyland on Tuesday said its manufacturing plants will be operational only for up to 10 days in the month of June due to lower demand and lockdown in states where its plants are located.

Second wave impact on GDP less than feared; RBI policy normalisation by end-2021: Nomura

ONGC jumps 3%; top gainer in both Sensex and Nifty

Did You Know: Financials are the largest constituent in benchmarks with a weightage of 38-43% in Nifty50 and BSE-30 indices, respectively.

Nifty Metal worst hit, down 2%

Nifty Auto and Nifty Media only two sectoral indices in green

Sensex slips in the negative zone amid selling in IT and bank stocks

Nifty Metal slips 1.6%; SAIL top loser

Magma Fincorp hit upper circuit after top management rejig

Shares of Magma Fincorp hit upper circuit after it announced a new management structure with Adar Poonawalla as the company chairman

The ongoing bull run in the market has taken even the incorrigible optimists by surprise. FIIs, regarded as smart investors, have been caught on the wrong foot.

– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

In next 1-2 weeks, we will see how many banks open up to crypto industry: Nischal Shetty

“Until now, quite a few banks were not clear about RBI’s stand on the old circular of 2018. Now that the RBI has made it clear that since it has been struck down by the Supreme Court, it cannot be used by banks to caution customers against crypto trading, that should bring a lot of clarity amongst the banks as well.”

Q4 earnings today

ITC, Gujarat Gas, JM Financial, Radico Khaitan, Balrampur Chini Mills, Tata Coffee, Sterling and Wilson Solar, Fineotex Chemicals, Emami Paper Mills, Salasar Techno Engineering, and TV Vision are among companies that will announce their March quarter results today.

Japanese shares inch down as investors await key U.S. economic data

Japanese shares edged lower in see-saw trade on Tuesday, as investors awaited two key U.S. economic reports, although the declines were capped by hopes of a domestic economic recovery on delayed-but-steady rollouts of COVID-19 vaccines.

Here are the top gainers in the tourism and hospitality space

Price as on 01 Jun, 2021 09:43 AM, Click on company names for their live prices.

Up 670% in 4 years, this API maker’s adrenaline rush is simply not ending

The stock escaped the broader selloff of March 2020 and remained unfazed in the face of the Covid 2.0 volatility, as it kept on hitting record highs every now and then.

ABB India breaches key level, could deliver 20% return

Analysts said that the stock is making higher tops-higher bottom from the last six trading sessions with rising trading and delivery volumes.

How metal stocks are faring now

Price as on 01 Jun, 2021 09:37 AM, Click on company names for their live prices.

India VIX eases 1.5% to 16.6

Sensex up over 200 points; Bajaj Auto top gainer

OPENING BELL: Sensex tops 52K, up 70 points, Nifty50 reclaims 15,600; PNB surges 20%, Rupa 17%

Escorts May sales at 6,423 units, down 2.6% YoY (Agencies)

Company expects return to normalcy soon; sees rural sentiment to be strong in medium term.

Pre-open session: Sensex rises 150 points, Nifty50 above 15,600

ETMarkets Morning Podcast: Crypto traders see hope in HDFC Bank report

Tune in as we tell you what’s happening in the market, what’s making news this morning, and look at some of the buzzing stocks.

Next big move in India yields will be higher, bond veteran says

Signs of quicker inflation and concern the Reserve Bank of India will pull back on policy support should eventually put yields on a rising path, said Radhavi Deshpande, chief investment officer at Kotak Mahindra Life Insurance.