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June 01, 2021 / 04:04 PM IST

Closing Bell: Sensex, Nifty end flat amid volatility; metal, financials drag

Buying saw in the Infra, IT and Energy sectors, while bank, auto and metal sectors ended in the red. BSE Smallcap index shed 0.3 percent.

  • Closing Bell: Sensex, Nifty end flat amid volatility; metal, financials drag
    Moneycontrol.com
    HIGHLIGHTS
    • 03:44 PM IST

      Nifty seems poised to achieve 15900-16000: Manish Hathiramani

    • 03:26 PM IST

      TVS Motor total May sales at 1.66 lakh units

    • 03:25 PM IST

      TTK Prestige concludes long-term settlement with Gujarat unit workmen

    • 03:21 PM IST

      Increasing demand optimism to keep Crude prices higher: Abhishek Bansal

    • 03:04 PM IST

      Edelweiss strengthens co-lending partnership with Central Bank Of India

    • 02:53 PM IST

      Rolex Rings gets Sebi nod to launch IPO

    • 02:34 PM IST

      Radico Khaitan Q4 profit at Rs 73.5 crore

    • 01:56 PM IST

      Emkay Global recommends buy on Magma Fincorp, target Rs 175

    • 01:30 PM IST

      M&M total auto sales at 17,447 units

    • 01:27 PM IST

      Maruti Suzuki May auto sales at 46,555 units

    • 01:20 PM IST

      Ashok Leyland sells 3,199 units in May 2021

    • 01:12 PM IST

      Coal India May production jumps at 41.2 mt

    • 01:04 PM IST

      NCC receives new order of Rs 234 crore in May

    • 12:56 PM IST

      Eicher Motors May auto sales jumps 78.3% at 1,223 units 

    • 12:22 PM IST

      Tata Motors sells 24,552 units in May 2021

    • 11:57 AM IST

      Nifty PSU Bank index fell 1 percent dragged by UCO Bank, PNB, Punjab & Sind Bank

    • 11:47 AM IST

      Rupee erases early gains, trades lower at 72.76 per dollar

    • 11:19 AM IST

      Glenmark Pharma launches Rufinamide tablets

    • 10:38 AM IST

      India's manufacturing PMI at a 10-month low in May 2021

    • 10:19 AM IST

      Nifty Metal index sheds 1 percent dragged by the SAIL, Tata Steel ,JSPL, Vedanta

    • 09:52 AM IST

      Except Indraprastha Gas all other stocks on BSE Oil & Gas index trading in the green

    • 09:47 AM IST

      Gold hovers near 5-month peak on weaker dollar, inflation jitters

    • 09:42 AM IST

      Bajaj Auto May domestic auto sales up 52% at 60,830 units

    • 09:37 AM IST

      Nifty Auto Index up 1 percent led by the Bajaj Auto, Tata Motors, Hero MotoCorp

    • 09:33 AM IST

      ITC to announce Q4 earnings today

    • 09:28 AM IST

      Escorts May total auto sales fall 2.6% at 6,423 units

    • 09:05 AM IST

      Indian markets likely to open gap up: ICICI Direct

    • 08:54 AM IST

      Gold hovers near 5-month peak on weaker dollar, inflation jitters

    • 08:44 AM IST

      Expect the long term fundamentals to remain intact: Siddhartha Khemka

    • 08:36 AM IST

      Asian stocks at month high ahead of US jobs data, gold rises

    • 08:23 AM IST

      Brent rises to near $70 on demand prospects and ahead of OPEC+ meet

    • 08:20 AM IST

      Fiscal deficit for 2020-21 at 9.3% of GDP: CGA data

    • 08:01 AM IST

      Dollar in doldrums as traders ponder Fed policy path; sterling soars

    • 07:58 AM IST

      India FY21 GDP contracts 7.3%

    • 07:36 AM IST

      SGX Nifty indicates a flat to positive start for the Indian indices:

  • ADVERTISEMENT
  • June 01, 2021 / 04:06 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

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

  • June 01, 2021 / 04:00 PM IST

    Rupee Close:

    Indian rupee ended 28 paise lower at 72.90 per dollar, amid volatile trade seen in the domestic equity market.

    It opened higher at 72.53 per dollar against previous close of 72.62 and traded in the range of 72.53-72.94.

  • June 01, 2021 / 03:45 PM IST

    S Ranganathan, Head of Research at LKP securities:

    Indices traded in a range and closed flat even as Corporate India has been announcing capital expenditure plans since the start of the fiscal. Weak PMI data released today did not help sentiments as we saw profit-taking across the metal space today. In the broader market, we saw keen interest in select pockets of textiles & pharma names.

  • ADVERTISEMENT
  • June 01, 2021 / 03:44 PM IST

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    The markets took a bit of a breather today but the overall trend remains bullish. Traders can consider accumulating long positions on dips and mild corrections for higher targets. The Nifty seems poised to achieve 15900-16000 with a good support at 15300.

  • June 01, 2021 / 03:36 PM IST

    Market Close: After a positive start, benchmark indices erased the intraday gains and ended flat amid volatility on June 1.

    At close, the Sensex was down 2.56 points at 51934.88, and the Nifty was down 7.90 points or 0.05% at 15574.90. About 1303 shares have advanced, 1782 shares declined, and 119 shares are unchanged.

    Adani Ports, ONGC, Bajaj Finance, SBI and Bajaj Auto were among major gainers on the Nifty, while losers included JSW Steel, Tata Steel, UltraTech Cement, ICICI Bank and Grasim Industries.

    Buying saw in the Infra, IT and Energy sectors, while bank, auto and metal sectors ended in the red. BSE Smallcap index shed 0.3 percent.

  • June 01, 2021 / 03:29 PM IST

    VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services:

    FII's strategy of selling in India and moving to other emerging markets like Taiwan & South Korea from early April to mid-May have been proved 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 are buying aggressively in recent days. 

    Progressive unlocking of the economy is likely to improve the prospects of growth & corporate earnings in FY22. 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.

  • June 01, 2021 / 03:26 PM IST

    TVS Motor May auto sales:

    TVS Motor Company registers sales of 166,889 units in May 2021 as against sales of 58,906 units in the month of May 2020. 

    TVS Motor Company was quoting at Rs 611.90, down Rs 3.30, or 0.54 percent on the BSE.

  • June 01, 2021 / 03:25 PM IST

    TTK Prestige concludes long-term settlement with Gujarat unit workmen

    TTK Prestige has successfully concluded a long-term settlement covering all its workmen at the manufacturing unit at Karjan, Gujarat. This settlement provides for better productivity, comapny said its release.

    TTK Prestige was quoting at Rs 8,792.00, up Rs 123.55, or 1.43 percent on the BSE.

  • ADVERTISEMENT
  • June 01, 2021 / 03:21 PM IST

    Abhishek Bansal, Founder Chairman, Abans Group
     
    WTI Oil price is trading above $68, which is the highest level of Nov’18. Increasing demand optimism in the US, UK, and Eurozone are likely to keep oil prices higher. The summer driving season officially got underway following the Memorial Day weekend, which has increased fuel consumption in the US i.e. largest energy consumer in the world.

    WTI Crude oil prices are likely to trade firms while above the key support level of 20 days EMA of $65.47 and 50 days EMA $63.70 while it may face stiff resistance near $69.71 and $71.90.

  • June 01, 2021 / 03:17 PM IST

    Balrampur Chini Mills Q4:

    Balrampur Chini Mills has posted consolidated net profit at Rs 235.5 crore against Rs 241.4 crore and revenue was down 41.4% at  Rs 1,019.4 crore versus Rs 1,740 crore (YoY).

    Balrampur Chini Mills was quoting at Rs 304.70, up Rs 0.55, or 0.18 percent on the BSE.