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Nifty and Sensex continue their buying momentum for the 4th consecutive day.
Jio Financial Services and Kotak Mahindra Bank are the top gainers in Nifty.
Broader Market Indices outperformed Benchmark Indices.
Bandhan Bank and Coromandel International are the top gainers in Nifty Midcap 150.
Capri Global gains 19%, top gainer in Nifty small cap 250.
All sectoral indices gained in trade barring Nifty Realty.
Nifty PSU Bank becomes the top performing sector for the day, led by Bank of India and Bank of Maharashtra.
Nifty PSU Bank, Auto gains for the 2nd consecutive day
Nifty Oil and Gas, IT, Metal, Pharma, Financial Services, Nifty Bank, Nifty FMCG gains for the 4th consecutive day.
Nifty Media snaps 2 day losing streak.
Nifty Realty snaps two days gaining streak.
Nifty and Sensex continue their buying momentum for the 4th consecutive day.
Jio Financial Services and Kotak Mahindra Bank are the top gainers in Nifty.
Broader Market Indices outperformed Benchmark Indices.
Bandhan Bank and Coromandel International are the top gainers in Nifty Midcap 150.
Capri Global gains 19%, top gainer in Nifty small cap 250.
All sectoral indices gained in trade barring Nifty Realty.
Nifty PSU Bank becomes the top performing sector for the day, led by Bank of India and Bank of Maharashtra.
Nifty PSU Bank, Auto gains for the 2nd consecutive day
Nifty Oil and Gas, IT, Metal, Pharma, Financial Services, Nifty Bank, Nifty FMCG gains for the 4th consecutive day.
Nifty Media snaps 2 day losing streak.
Nifty Realty snaps two days gaining streak.
Rupee closed flat at 85.63 against US Dollar
Source: Bloomberg
Rupee closed flat at 85.63 against US Dollar
Source: Bloomberg
As far as defence stocks go, Hindustan Aeronautics Ltd. has had a triumphant journey over the last five years, giving returns of 1789.15% with an upside of 20.3% year-to-date.
Read the full article here.
Kotak Mahindra Bank Ltd. appointed Srishti Sethi as new group chief risk officer for five years, with effect from June 12, the company said in the exchange filing.
Olectra Greentech Ltd. share price declined 0.77% to Rs 1,212.50 after the company said that its Chairman & Managing Director KV Pradeep resigned. However, the share price quickly recovered to trade 1.01% higher at Rs 1,235 apiece as of 2:47 p.m.
Olectra Greentech Ltd. share price declined 0.77% to Rs 1,212.50 after the company said that its Chairman & Managing Director KV Pradeep resigned. However, the share price quickly recovered to trade 1.01% higher at Rs 1,235 apiece as of 2:47 p.m.
Aditya Birla Real Estate's arm Birla Estates received Rs 420 crore investment from International Finance Corp for two Projects, the company said in the exchange filing.
Poonawalla Fincorp approved to raise up to Rs 500 crore via non-convertible debentures, the company said in the exchange filing.
Most markets in Eurozone were trading slightly lower ignoring a rise in global equities. Meet between US President Donald Trump and China President Xi Jingping is in focus to get cues about the two largest economies' trade relation moving forward.
The Euro Stoxx 50 and CAC 40 were trading 0.23% and 0.08% down, respectively. CAC 40 and IBEX 35 were trading 0.10% and 0.03% down, respectively.
The NSE Nifty Bank index continued to trade at record highs. Kotak Mahindra Bank Ltd., Federal Bank Ltd., and AU Small Finance Bank Ltd. share prices led.
The NSE Nifty Bank index continued to trade at record highs. Kotak Mahindra Bank Ltd., Federal Bank Ltd., and AU Small Finance Bank Ltd. share prices led.
The 10-year bond yield rose 5 basis points to 6.35%
It's the highest level since May 13
Yield on the 10-year bond opened flat at 6.30%
Source: Bloomberg
Asia’s oldest stock exchange BSE Ltd., a multibagger stock, has delivered a staggering 6861.18% return over the past five years, with a solid 56.24% gain so far in 2025.
Market sentiment remains upbeat — of the 14 analysts tracking the stock, 10 have a ‘buy’ call, three suggest a ‘hold’, and one says ‘sell’, as per Bloomberg data.
Read the full article here.
The NSE Nifty Volatility index jumped 6.08% to 15.52. The index was trading 0.62% higher at 14.72 as of 1:40 p.m.
The NSE Nifty Volatility index jumped 6.08% to 15.52. The index was trading 0.62% higher at 14.72 as of 1:40 p.m.
Shares of food delivery aggregator Swiggy Ltd. and Zomato's parent, Eternal Ltd., fell on Monday. Rapido's push for entering the food delivery space has taken one more step forward.
Shares of food delivery aggregator Swiggy Ltd. and Zomato's parent, Eternal Ltd., fell on Monday. Rapido's push for entering the food delivery space has taken one more step forward.
Share price of defence players Bharat Electronics Ltd., Bharat Forge Ltd. and BEML Ltd. are in focus after the Defence Research and Development Organisation transferred technologies of nine advanced defence systems to ten public and private sector partners.
BEL and Bharat Forge's share price climbed at market open, while BEML saw trade begin in the red.
Read the full article here.
On Monday, Bajaj Finance Ltd.'s share price increased by 3.61% following the date announcement of its stock split and bonus share issue. The non-banking financial company has set June 16, 2025, as the record date for these corporate actions, which were approved by the board on April 29 alongside the Q4FY25 results.
On Monday, Bajaj Finance Ltd.'s share price increased by 3.61% following the date announcement of its stock split and bonus share issue. The non-banking financial company has set June 16, 2025, as the record date for these corporate actions, which were approved by the board on April 29 alongside the Q4FY25 results.
One Point One Solutions has executed a securities subscription and purchase agreement to acquire a majority stake in Techscient.AI. This acquisition, detailed in an exchange filing, marks a significant expansion in One Point One Solutions' capabilities and market presence.
L&T Finance Ltd. has successfully completed the acquisition of Paul Merchants Finance's gold loan business. This strategic move was detailed in an exchange filing, marking a significant expansion in L&T Finance's portfolio.
KEI Industries Ltd., a manufacturer of wires and cables, is a multibagger stock that has rallied over 1000% over the last five years.
The share price has risen from the low of Rs 303 in June 2020 to an all-time high of Rs 5,040 in June 2024. Since then, the stock has corrected 22% to Rs 3,748 apiece as of last week's closing.
On a year-to-date basis alone, KEI Industries stock is down 20%.
Read the full story here.
Hyundai Motor India Ltd.'s share price surged by 6.65% on Monday, reaching an all-time high. This marks the fourth consecutive session of gains for the company's shares, which have risen nearly 9% since June 2.
Hyundai Motor India Ltd.'s share price surged by 6.65% on Monday, reaching an all-time high. This marks the fourth consecutive session of gains for the company's shares, which have risen nearly 9% since June 2.
Shares of Kalpataru Projects International Ltd. rose over 7% on Monday after it won a construction order.
The EPC player in the power transmission and distribution and civil infrastructure sector secured two new projects worth Rs 3,789 crore, according to an exchange filing on Monday.
The shares of Kalpataru Projects rose as much as 7.32% to Rs 1,234 apiece, the highest level since Jan. 10.
Shares of Kalpataru Projects International Ltd. rose over 7% on Monday after it won a construction order.
The EPC player in the power transmission and distribution and civil infrastructure sector secured two new projects worth Rs 3,789 crore, according to an exchange filing on Monday.
The shares of Kalpataru Projects rose as much as 7.32% to Rs 1,234 apiece, the highest level since Jan. 10.
Ericsson secured a multi-year managed services deal with Bharti Airtel Ltd., the company said in the exchange filing.
Inventurus Knowledge Solutions Ltd., Mphasis Ltd., and KPIT Technologies Ltd. shares were leading gains.
Inventurus Knowledge Solutions Ltd., Mphasis Ltd., and KPIT Technologies Ltd. shares were leading gains.
The NSE Nifty Financial Services rose 0.87% to a record high of 27,081.70 as Bajaj Finance Ltd. led gains. Kotak Mahindra Bank Ltd. and Axis Bank Ltd. shares other top contributors to the Nifty Financial Services Index.
The NSE Nifty Financial Services rose 0.87% to a record high of 27,081.70 as Bajaj Finance Ltd. led gains. Kotak Mahindra Bank Ltd. and Axis Bank Ltd. shares other top contributors to the Nifty Financial Services Index.
One97 Communications Ltd., the parent company of Paytm, has delivered a robust 176.98% return over the past year. However, the stock has dipped 7.5% so far in 2025.
Market sentiment is split: out of 19 analysts tracking the stock, nine recommend buying, seven advise holding, and three suggest selling. The average 12-month consensus price target implies a modest upside of 0.9%.
Read the full article here.
JSW Steel Ltd.'s consolidated crude steel production rose 8% to 22.73 lakhtonnes, the company said in the exchange filing
Lieutenant Governor of J&K laid foundation stone of Dhunseri Ventures's arm, the company said in the exchange filing.
Glenmark Pharmaceuticals Ltd. will launch DCGI-approved Brunkinsa in India. Brunkinsa is used for advance treatment of Hematological Malignancies, the company said in an exchange filing.
InterGlobe Aviation share price rose 1.87% to Rs 5,582.50 apiece. HSBC Global Research hiked the target price to Rs. 6,650 compared to earlier Rs. 5,975
InterGlobe Aviation share price rose 1.87% to Rs 5,582.50 apiece. HSBC Global Research hiked the target price to Rs. 6,650 compared to earlier Rs. 5,975
Muthoot Finance Ltd. rose 3.34% to a record high of Rs 2,527.80 apiece. The stock rose for seven sessions in a row.
Muthoot Finance Ltd. rose 3.34% to a record high of Rs 2,527.80 apiece. The stock rose for seven sessions in a row.
HDFC Bank Ltd.'s share price increased by nearly 1% on Monday following the bank's decision to reduce its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenures, effective from June 7. The new MCLR rates will range from 8.90% to 9.10%.
Read the full article here.
The shares of Multi Commodity Exchange of India Ltd. rose over 5% on Monday to hit fresh life high after it received approval from the Securities and Exchange Board of India to launch electricity derivatives.
The shares of Multi Commodity Exchange of India Ltd. rose over 5% on Monday to hit fresh life high after it received approval from the Securities and Exchange Board of India to launch electricity derivatives.
On NSE, all 15 sectoral indices advanced with the NSE Nifty PSU rising the most compared to other sectoral indices. Meanwhile, the NSE Nifty FMCG rose the least.
On NSE, all 15 sectoral indices advanced with the NSE Nifty PSU rising the most compared to other sectoral indices. Meanwhile, the NSE Nifty FMCG rose the least.
HDFC Bank cuts MCLR by 10 basis points across tenures from June 7. Now, the bank MCLR ranges from 8.90-9.10%
Alert: On Friday, the RBI cuts repo rate by 50 bps to 5.50%
Shares of Suzlon Energy Ltd. rose over 2% on Monday after multiple block deals on the open market. The buyers and sellers of the block deal were not known.
However, promoter entities were planning to offload shares worth Rs 1,295 crore via open market transactions, according to term sheets accessed by NDTV Profit.
Shares of Suzlon Energy Ltd. rose over 2% on Monday after multiple block deals on the open market. The buyers and sellers of the block deal were not known.
However, promoter entities were planning to offload shares worth Rs 1,295 crore via open market transactions, according to term sheets accessed by NDTV Profit.
HDFC Bank Ltd., Reliance Industries Ltd., Axis Bank Ltd., Infosys Ltd., and Kotak Mahindra Bank Ltd. added to the Nifty 50 index.
Bharti Airtel Ltd., Eternal Ltd., Nestle India Ltd., SBI Life Insurance Co., and JSW Steel Ltd. weighed on the Nifty 50 index.
HDFC Bank Ltd., Reliance Industries Ltd., Axis Bank Ltd., Infosys Ltd., and Kotak Mahindra Bank Ltd. added to the Nifty 50 index.
Bharti Airtel Ltd., Eternal Ltd., Nestle India Ltd., SBI Life Insurance Co., and JSW Steel Ltd. weighed on the Nifty 50 index.
Shares of state-run Garden Reach Shipbuilders and Engineers Ltd. rose over 5% on Monday following the company's signing of two memorandums of understanding during an official delegation visit to Sweden and Denmark.
Shares of state-run Garden Reach Shipbuilders and Engineers Ltd. rose over 5% on Monday following the company's signing of two memorandums of understanding during an official delegation visit to Sweden and Denmark.
The NSE Nifty 50 and BSE Sensex extended gains at open on Monday as Reliance Industries Ltd. and Infosys Ltd. shares lead. The NSE Nifty Bank scaled a fresh high at open. It crossed the 57,000 mark.
The NSE Nifty 50 and BSE Sensex extended gains at open on Monday as Reliance Industries Ltd. and Infosys Ltd. shares lead. The NSE Nifty Bank scaled a fresh high at open. It crossed the 57,000 mark.
Valor Estate has announced its involvement in a significant slum redevelopment project in collaboration with Prestige Estates Projects. This initiative, known as the Worli Urban Development Project, aims to transform the area and improve living conditions for its residents. Valor Estate holds a 50% economic interest in this project, highlighting its substantial commitment and investment in the redevelopment efforts. This information was disclosed in an exchange filing.
At pre-open, the NSE Nifty 50 was trading 0.63% higher at 25,16010, and the BSE Sensex was trading 0.47% higher at 82,573.46.
The 10-year bond yield opened flat at 6.30%
Source: Bloomberg
Rupee opened 3 paise weaker at 85.67 against US Dollar. It closed at 85.64 a dollar on Friday, according to data on Bloomberg
Kalpataru Projects International Ltd. received construction orders worth Rs 3,789 crore in buildings and factories segment, the company said in the exchange filing.
Maintains buy and raises target price to Rs. 6,650 compared to earlier Rs. 5,975
Expect Indigo to benefit from healthy strategy, strong balance sheet, supportive macro
Expect demand to be quite strong, well supported by tight capacity
Indigo's strategy to expand international operations seems sensible
FY26-27e EBITDA increases by 2% and net profit forecasts by 19% and 18%
Lenders to boost credit.
Vehicle finance has limited scope for accelerating credit growth.
Will drive a faster drop in borrowing costs at NBFCs.
Regulatory focus on transmission will be high.
HFCs (Housing Finance Companies) in prime segment will see higher rate reduction requests.
MCLR (Marginal Cost of Funds Based Lending Rate) linked borrowings costs should also moderate faster.
India’s volatility index defied conventional behaviour in June 2025, falling to multi-week lows just days before the Reserve Bank of India delivered its most aggressive policy surprise in years.
The India VIX — often referred to as the market’s ‘fear gauge,’ — dropped nearly 10% across two sessions leading into the June 6 monetary policy announcement.
Read the full article here.
Significant relief to lenders for 2025 (particularly gold loan NBFCs).
Softens several stricter provisions outlined
Directions are notable relaxed and formally includes silver too as collateral.
LTV limit for consumption loans relaxed to 85%/80%
No credit assessment required for loans up-to Rs250k.
Standard asset provisioning of 1% on breach of LTV norms is removed.
Section on income generating loans is removed.
Suitable document or declaration from borrower enough to establish ownership.
No mention of periodic end-use monitoring or evidence.
Neutral with Target price of Rs 1,013 which implied a 4% downside
Management highlighted improved demand outlook for DCR cells
Risk include currently elevated margins, low entry barriers, and delays in demand.
Company is Confident that 25GW market can double in next few years
The company is targeting a 20% market share.
Foreign demand remains strong, near term focus on domestic market
Asia-Pacific share indices advanced on Monday's session as US President Donald and China's President Xi Jingping are set to meet to resume trade talks, with a focus on rare earth exports.
The Nikkei 225 and CSI 300 were trading 0.96% and 0.1% higher, respectively as of 7:16 a.m. The KOSPI was 1.76% higher.
US share indices rose in Friday's session with the S&P 500 hitting the 6,000 mark as President Donald Trump to resume trade negotiation with the Chinese President Xi Jingping. Moreover, higher-than-expected non-farm payroll data eased concern about the world's largest economy.
Dow Jones Industrial Average rose 1.05% at 42,762.87. S&P 500 rose 1.03% at 6,000.36. S&P 500 rose 1.03% at 6,000.36.
The GIFT Nifty was trading 0.02% or 5.5 points higher at 25,163.50 as of 6:32 a.m., which implied a positive open for the benchmark Nifty 50 index.
Traders may keep an eye on Mahindra & Mahindra Ltd., Hyundai Motor India Ltd., and Hindustan Zinc Ltd. shares because of the overnight news flow.
The benchmark equity indices closed higher for third straight session on Friday, after the Reserve Bank of India Monetary Policy Committee slashed the key lending rate by 50 basis point to bring it to 5.5%.
The NSE Nifty 50 ended 252 points, or 1.02% higher at 25,003, while the BSE Sensex closed 746.95 points, or 0.92% up at 82,188.99.
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