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CWB partners with Intellect Global Transaction
Dollar hits 3-year low vs Chinese yuan
World stocks set for 4th month of gains in data-heavy week
BSE Oil & Gas index added 1 percent led by the GAIL, Reliance Industries, Indraprastha Gas
Harmohan Sahni joins Raymond’s Realty Business as CEO
European stocks slip from record high
Indices trade higher led by RIL, ICICI Bank; auto, PSU banks under pressure
Kolte Patil Developers Q4 profit at Rs 20.9 crore
Marksans Pharma Q4 consolidated net profit rises 86% at Rs 79.5 crore
Gold eyes biggest monthly rise in ten on soft dollar, inflation risk
Aurobindo Pharma Q4 net profit falls 7% at Rs 801.6 crore
Above 15,500, Nifty would hit 15,780-16,220: Gaurav Garg
Paytm's share price jumps by 70 percent in grey market after IPO announcement
Nifty Metal index rises over a percent supported by the MOIL, SAIL, Welspun Corp
M&M share price falls 6% despite profitable quarter
CRISIL re-affirms credit rating of Ruchira Papers
Divis Laboratories hits a 52-week high post Q4 numbers
J Kumar Infraprojects gets LoA from MMRDA worth Rs 1,307 crore
SML Isuzu temporarily suspend production till June 2, 2021
BSE Realty index gains nearly 2 percent led by the Indiabulls Real Estate, Oberoi Realty, Sobha
Equity markets trade higher led by energy stocks, auto drags
PNB Housing approves capital raising proposal of Rs 4,000 crore
Marine Electricals bags order of Rs 40 crore during April & May 2021
HDFC Bank share price falls after RBI imposes monetary penalty
Indices trade higher amid volatility; auto drags
TVS Motor Company expands its presence in Iraq
Nifty Auto index sheds 1 percent dragged by the M&M, Tata Motors, Hero MotoCorp
Dollar near 2-month high vs yen, US inflation beats expectations
Indian markets likely to open flat and remain at record highs: ICICI Direct
These BSE listed companies to announce results today
Paytm board gives in-principle approval for IPO
Sovereign Gold Bond issue price fixed at Rs 4,889 per gm of gold, subscription opens today
Bank of Baroda posted a loss of Rs 1,046.5 crore
Gold stays above $1,900/oz after US inflation data lifts appeal
SGX Nifty indicates a negative start for the Indian indices
Asia shares look to rally for third week, focus on US jobs
Wall Street shakes off inflation rise and closes higher
Index | Prices | Change | Change% |
---|---|---|---|
Sensex | 59,462.78 | 130.18 | +0.22% |
Nifty 50 | 17,698.15 | 39.15 | +0.22% |
Nifty Bank | 39,042.30 | 162.45 | +0.42% |
Biggest Gainer | Prices | Change | Change% |
---|---|---|---|
ONGC | 139.20 | 6.40 | +4.82% |
Biggest Loser | Prices | Change | Change% |
---|---|---|---|
Divis Labs | 3,726.20 | -221.85 | -5.62% |
Best Sector | Prices | Change | Change% |
---|---|---|---|
Nifty Energy | 27164.00 | 502.25 | +1.88% |
Worst Sector | Prices | Change | Change% |
---|---|---|---|
Nifty IT | 29885.90 | -347.80 | -1.15% |
Follow our LIVE blog for the latest updates on GDP data to be release by the government today
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Ajit Mishra, VP - Research, Religare Broking:
Markets started the week on a firm note and gained nearly a percent, in continuation to the prevailing trend. After opening marginally in red, the benchmark drifted marginally lower in the early trades but healthy buying interest in select heavyweights triggered sharp recovery as the day progressed. Consequently, the Nifty settled around the day’s high to end at 15,583 levels. Amongst the sectors, metal, banking and oil & gas were the top gainers. The broader markets also ended with decent gains but underperformed the benchmark.
Markets will react to the GDP data in early trade on Tuesday i.e. June 1. Besides, participants would keep a close watch on auto sales figures. Meanwhile, the last leg of earnings season is also expected to induce stock-specific volatility. Some states have announced relaxation in restrictions and we expect further easing in the coming weeks. Amid all this, we reiterate our bullish yet cautious stance on markets and suggest aligning the positions according to the prevailing uptrend.
Ashis Biswas, Head of Technical Research at CapitalVia Global Research:
The market witnessed a strong trend and an attempt to overcome the resistance level around the Nifty 50 Index level of 15600. While breakout above 15600 is the key factor from a short-term perspective, maintaining above 15250 level market to gain momentum to increase the odds for a movement until 16000. The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening a short-term bullish outlook.
Jateen Trivedi, Senior Research Analyst at LKP Securities:
Rupee traded weak on the back of dollar strength picking up from lower levels of $89.80 to $90.10 giving some reversal formation for the dollar index. Crude prices inching close to $70 also weakens the rupee with economies opening up globally pick up in crude prices will not help the rupee on the global front, but capital market positive tone shall keep the fall in rupee at check. Going ahead rupee can be seen in range 72.40-72.75 range.
Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments:
We have successfully achieved the 15600 target and the index is all set to approach its next target of 15900. There could be a pause or bouts of profit booking in the interim but that should be utilized to accumulate long positions for higher targets. As long as the market closes above the 15300 level, the trend remains bullish and opportunities to buy on corrections should be maximized.
Rohit Singre, Senior Technical Analyst at LKP Securities:
Fresh breakouts, fresh highs and fresh closing seen in today’s session as index managed to closed a day at 15575 with gains of nearly one percent and formed a bullish candle on daily chart. Index decisively closed above 15500 zone which strength the overall structure, now any dip will be again buying opportunity as long as we are sustaining above 15500 zone which is immediate and strong support on the downside followed by 15400 zone. Immediate hurdle 15600-15700 zone and fresh move can be possible if managed to trade above 15600 on the immediate basis.
S Ranganathan, Head of Research at LKP securities:
With European markets closing at record highs, we had a strong opening today and the bulls stepped up the accelerator during trade led by the oil & gas sector as heavyweight Reliance stole the show helping indices notch up a percentage gain.
Corporate profits to GDP ratio at a decade high last fiscal lent steam to the rally. The broader markets exhibited buoyancy with segments like NBFC's, metal stocks & pathology labs witnessing investor interest.
Rupee Close:
Indian rupee erased the intraday gains and ended near the day's low at 72.62 per dollar, amid buying seen in the domestic equity market. It opened higher at 72.39 per dollar against Friday's close of 72.43 and traded in the range of 72.34-72.65.
Market Close: Benchmark indices continued the gaining momentum on May 31 with Nifty hitting fresh record high of 15,606.35 intraday session supported by the metal, energy and banking stocks.
At close, the Sensex was up 514.56 points or 1% at 51937.44, and the Nifty was up 147.10 points or 0.95% at 15582.80. About 1717 shares have advanced, 1449 shares declined, and 187 shares are unchanged.
Top gainers were Reliance Industries, ICICI Bank, JSW Steel, Bharti Airtel and Dr Reddy’s Laboratories, while losers included M&M, Adani Ports, L&T, Infosys and IOC.
Among sectors, except IT, auto and PSU Bank all other sectoral indices ended in the green. BSE Midcap and Smallcap indices also ended higher.
Market veteran Raamdeo Agrawal sees Sensex at 200,000 in the next 10 years
The Nifty50 hit a fresh record high on Friday but the S&P BSE Sensex is still 1,000-point away from its last high of 52,516, recorded on February 16, 2021.
Agrawal is the co-founder and joint managing director of Motilal Oswal Financial Services (MOFSL). He said that India is the next trillion-dollar opportunity. In line with the growth in economy, Sensex too, might hit the magic number of 200,000 in the next 10 years, he said in a note on May 27. Click to Read More