KEY HIGHLIGHTS
Market At Close: Nifty, Sensex Extend Decline To Third Day
Nifty falls third day in a row; as heavyweight banks ICICI Bank, HDFC Bank drag
Benchmark underperforms broader markets
Most sectors end the day in red; Oil & Gas worst performing index
Nifty Oil & Gas worst performing sectoral index, falls third day in a row
Nifty PSU Bank declines, snaps two day gaining streak
Nifty Realty top performing index, gains second day in a row
Nifty Pharma, Metal, IT fall third day in a row
Nifty Bank snaps four-day gaining streak; IDFC First Bank, IndusInd Bank fall the most
Rupee Closes Weaker Against US Dollar
Rupee closed 20 paise weaker at 85.59 against US Dollar
It closed at 85.39 a dollar on Monday.
Source: Bloomberg
Stock Market Today: Seamec Approves Purchase Of Seamec Anant Vessel From HAL
Seamec Ltd. has approved the purchase of the Seamec Anant vessel from Hindustan Aeronautics Ltd. offshore for $70 million, according to an exchange filing.
Stock Market Live: Premier Explosives To Start Telangana Plant Operations At Earliest
Premier Explosives Ltd. will restart the operation at Telangana plant at the earliest.
Stock Market Live: MOIL May Business Update
Mangenese ore production rose 18% in May to 1.71 lakh ton, the company said in an exchange filing.
Stock Market Live: TVS Motor In Pact With Kadam Mobility To Deploy 500 Electric Three-Wheelers
TVS Motor Co is in pact with Kadam Mobility to deploy 500 electric three-wheelers during FY25, the company said in an exchange filing.
Stock Market Today: Sansera Engineering Signs Pact With Airbus
Sansera Engineering Ltd. signed a pact with Airbus. The deal is worth Rs 160 crore. Sansera Engineering will be supplying Airborne Intensive Care Transport Module, the company said in the exchange filing.
Stock Market Live: Texmaco Rail Gets Order Worth Rs 122 Crore From Western Railway
Texmaco Rail And Engineering Ltd. received orders worth Rs 122 crore from Western Railways. The order is for traction transformers.
Stock Market Live: Deepak Builders Wins Order Worth Rs 264 Crore
Deepak Builders emerged as lowest bidder for Rs 264 crore order from HSIIDC Industrial Estate Karnal.
Stock Market Live: Most Defence Stocks Advance; Nifty Defence Best Performing Sector
The NSE Nifty Defence index advanced 1.90% to 8,861.10. Cochin Shipyard Ltd., and Solar Industries India Ltd. added the most to the NSE Nifty 50 index.
Stock Market Live: Greenply Industries To Divest Stakes In Greenply Middle East
Greenply Industries Ltd. approved disinvestment of shares held by company in Greenply Middle East to 19% from 49%, according to an exchange filing.
Stock Market Live: India VIX Rises
Earlier in the day, the NSE Nifty Volatility Index fell 4.32% to 16.42. Now, the index was trading 1.89% higher at 17.47 as of 12:23 p.m.
Stock Market Live: Waaree Renewable Technologies Share Price Rises On Rs 346-Crore Order Win
Shares of Waaree Renewable Technologies Ltd. surged as much as 4.25% intraday on Tuesday, after the company announced an order win for a large solar power project in Bikaner, Rajasthan.
Waaree Renewable Technologies stock rose as much as 4.25% during the day to Rs 1,067.7 apiece on the NSE. It was trading 1.64% higher at Rs 1,041 apiece, compared to a 0.48% decline in the benchmark Nifty 50 as of 11:42 a.m.
The stock has risen 22.62% year-to-date and 21.44% in the last 12 months.
Federal Bank Share Price Update: Large Trade In Stock
Over 1 million shares of Federal Bank were traded via a block deal on Tuesday. The share of Federal Bank rose as much as 3.15% to Rs 212.75 apiece.
Stock Market Live: New Solvency Application Filed To Gensol Engineering
Gensol Engineering received a fresh application filed by Equentia Financial Service Pvt. Ltd.
Seven days are given to company to file a reply The default amount is approximately Rs. 9 crore, according to tribunal proceeding.
Stock Market Live: Hubtown Gets Transferable Development Rights Of Land In MIDC & MCGM Hubtown
Hubtown obtained transferable development rights of 11,000 square meters land from MIDC and MCGM Hubtown
The company obtained rights for land as part consideration of slum rehabilitation project in Mumbai
Alert: MIDC stands for Maharashtra Industrial Development Corporation
Alert: MCGM stands for Municipal Corporation of Greater Mumbai
Source: Exchange Filing
Stock Market Live: Waaree Renewable Technologies Secures Order Worth Rs 345 Crore
Waaree Renewable Technologies Ltd. received orders worth Rs 345 crore. The order is for execution of a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The project will likely conclude by this financial year.
Stock Market Live: Fertilisers Stocks Advance On NSE
Stock Market Live: Nifty, Sensex Off Lows
The Nifty 50 and Sensex erased 150 points and 564 points from opening lows as heavyweight stocks advanced. The indices were trading 0.04% and 0.08% down, respectively.
Stock Market Live: Finolex Cables Shares Rise As Jefferies Remains Bullish
Finolex Cables Ltd.'s share price rose over 5% after a bullish review from Jefferies.
The brokerage has maintained a 'buy' rating on the stock after the company beat its fourth quarter estimates.
Prostarm Info Systems Shares List At 19% Premium Over IPO Price
Shares of Prostarm Info Systems Ltd. debuted on the BSE at Rs 125, at a 19.05% premium above the issue price of Rs 105. The stock listed on the National Stock Exchange at Rs 120 apiece, marking a premium of 14.29%.
Read the full article here.
Stock Market Live: Ola Electric Share Price Falls Over 7%
Ola Electric Mobility Ltd. share price declined 7.17% to Rs 49.83 apiece. The share price declined after its 14.17 crore shares changed hands in five large trades at the price range of Rs 50–52 apiece on National Stock Exchange.
Frontier Springs Share Price Rises After Securing Orders Worth Rs 92.6 Crore
Frontier Springs Ltd. share price rose 7.50% after the company announced orders worth Rs 92.6 crore from Rail Coach Factory, Kapurthala, and Modern Coach Factory, Raebareli. This order is for air springs assembly and it is expected to be executed over the coming quarters
Stock Market Live: CESC's Arm Awards Solar Project To Waaree Renewable Tech
CESC's subsidiary Green Power Pvt. Ltd. awarded solar power project worth Rs 350 crore to Waaree Renewable Technologies Ltd.
Stock Market Live: Sika Interplant In Pact With Collins Aerospace
Sika Interplant Systems Ltd. is in license pact with Collins Aerospace. The company will undertake maintenance, repair and overhaul of flight control actuation part numbers, the company said in an exchange filing.
Stock Market Today: Go Fashion Shares Jump After Motilal Oswal Initiates 'Buy'
Shares of Go Fashion (India) Ltd. rose over 5% on Tuesday after Motilal Oswal initiated coverage on the stock with a 'buy' rating. Shares of Go Fashion rose as much as 5.40% to Rs 905 apiece, the highest level since May 20.
Stock Market Live Update: Yes Bank Share Price Plunges Over 8% Following Multiple Large Trades
Yes Bank Ltd. share price fell 8.42% to 21.32 apiece following multiple large trades. Its 3% equity changed hands in 52 large trades.
Total traded volume so far in the day stood at 51 times its 30-day average. The relative strength index was at 59.76.
Sectoral Performance At Open: NSE Nifty IT Leads Gains
On National Stock Exchange, six sectoral indices opened higher, six opened lower, and three opened flat out of 15. The NSE Nifty IT was leading gains, and the NSE Nifty Energy was trading in losses.
Stock Market Live: Nifty Bank Falls From Life High As ICICI Bank Drag
The NSE Nifty Bank rose 0.52% to record high of 56,161.40 as HDFC Bank Ltd. and Federal Bank Ltd. shares led. The index quickly erased gains and was trading 0.15% down at 55,835.20 as of 9:29 a.m.
Nifty Contributors: HDFC Bank, RIL Contribute Most
HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Shriram Finance Ltd., and Eternal Ltd. added to the Nifty 50 index.
ICICI Bank Ltd., Larsen & Toubro Ltd., Adani Ports & Special Economic Zone Ltd., Axis Bank Ltd., and Bajaj Finance Ltd. added to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Snap Two-Day Losing Streak At Open
The NSE Nifty 50 and BSE Sensex snapped a two-day losing streak at open as heavyweight HDFC Bank Ltd. and Reliance Industries Ltd. share prices contributed the most. However, right after open, the benchmark indices erased gains. The Nifty 50 was trading 0.18% down at 24,672.05, and the Sensex was trading 0.1% down at 81,293.16.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat 6.27%
Source: Bloomberg
Stock Market Live: Rupee Opens Weaker Against US Dollar
Rupee opened 13 paise weaker at 85.52 against US Dollar
It closed at 85.39 a dollar on Monday.
Source: Bloomberg
Stock Market Live Update: Morgan Stanley On Swiggy
Initiate at overweight with TP of Rs. 405
Improving execution in food delivery
Expanding quick-commerce TAM and aggressive investment by Swiggy
Martket pricing in steep investments but not giving it benefit on top line
Duopoly market, improved execution by Swiggy, and margin gap to close vs
Eternal's Zomato in food delivery
Revising quick commerce TAM estimates higher, to US$57bn by 2030
Expects QC contribution margin breakeven in 6 quarters; adj. EBITDA breakeven by 2HFY29
Stock Market Live Update: MOSL On Go Fashion
Initiates coverage "BUY" with a target price of Rs. 1,127, which indicated a 31% upside
Well-positioned to leverage its leadership in the women’s bottom-wear
Significant expansion potential beyond its current presence
Model a 16% revenue CAGR over FY25–28E
Gross margin may contract ~130bp due to RM benefit pass-through
Ebitda and PAT are projected to clock 19%/20% CAGR, over FY25-28E.
Strong operational cash flows are expected
Stock Market Live Update: Westbridge To Sell 12.6% Stake In Aptus Value Housing
Sellers: Westbridge++
Floor Price: Rs 305 per share
(9.41% discount to Rs 336.5 per share close on the NSE on 2nd June 2025)
Offer Size ( Shares): Up to 63.02 mn shares / c. 12.61% of existing TSO
Offer Size (INR MM/ USD MM): Up to Rs 19,223 MN / US$ 225 MM (@ floor price)
Primary / Secondary: 100% secondary
Lock-in: 90 days lock-in by sellers
NDTV Profit Exclusive: SEBI Likely Put WeWork IPO On hold
Securities Exchange Board of India will likely put IPO on hold after flagging disclosure norms violations in Embassy REIT
While reviewing DRHP, SEBI said to have flagged Embassy REIT's delayed disclosures in case against ex-CEO
SEBI might also look to close pending case involving ex-Embassy REIT CEO before approving IPO
Embassy Group said to be working with SEBI to get necessary clearances
SEBI clearance for Embassy-backed company's IPO can come as early as June-end
Alert: Both WeWork India & Embassy REIT are backed by the Embassy Group
Alert: SEBI put WeWork India's IPO on hold in March 2025
Source: People In The Know
Stock Market Live: Macquarie On Banks
Deposit rate cuts faster: TD rates down 26bps, loan rates down 6bps
Cut in outstanding loan rates has been higher at 17bps
Strong liquidity leading to faster cuts in Deposit rates
NIM compression likely lower this cycle
Expect credit and Deposit growth to pickup due to improved liquidity
Oil Prices Extend Gains Tracking A Weak Dollar
Oil future prices extended gains in Asia session Tuesday as the dollar index was trading near the lowest level since 2023. The August future contract of Brent crude was trading 0.50% higher at $64.95 a barrel as of 7:59 a.m.
Asia Market Update: Most Markets Trade Higher
Most markets in Asia-Pacific were trading higher Tuesday morning, tracking global rally. The Nikkei 225 and KOSPI were trading 0.68% and 0.05% higher, respectively as of 7:43 a.m. The Hang Seng and CSI 300 were trading 1.25% and 0.23% higher, respectively as of 7:43 a.m.
US Market Update: US Shares End Higher As Technology Stocks Advance
US share indices ended with gains as technology stocks rose. The Dow Jones Industrial Average and S&P 500 ended 0.08% and 0.41% higher, respectively. The Nasdaq Composite ended 0.67% higher.
On Friday, US share indices ended with sharp losses due to tension between US and China.
GIFT Nifty Indicates Tepid Open; Britannia Industries, HCLTech, Maruti Suzuki In Focus
The GIFT Nifty was trading 0.13% or 33.50 points down at 24,859.00 as of 6:48 a.m., which implied a tepid start for the benchmark NSE Nifty 50.
Investors may monitor Britannia Industries Ltd., HCLTech Ltd., Maruti Suzuki India Ltd., UCO Bank Ltd. share prices because of the overnight news flow.
The benchmark equity indices closed lower for the second consecutive session on Monday, dragged down by shares of HDFC Bank Ltd. and Reliance Industries Ltd.
The NSE Nifty 50 ended 34.1 points or 0.14% lower at 24,716.6, while the BSE Sensex closed 77.26 points or 0.09% down at 81,373.75.
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