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Signs of revival: Five listed NBFC-MFIs take Rs 2,440 cr bad loans off balance sheets in Jan-March
FIIs sold Equities worth Rs. 2589 Cr while DIIs bought Rs 5313 Cr (2.6.25)
Sensex falls! But these stocks are up over 10% on BSE
Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the red on Tuesday amid selling in frontline bluechip counters.
Thank you for reading this post, don't forget to subscribe!Stocks that rallied over 10% included, Sika Interplant (13.92%), Anupam Finserv(13.85%), Golkonda Aluminium (12.14%), FACT(11.26%), KIOCL(10.90%), Country Club (10.28%), National Fertilizers(10.11%), Thinkink Picturez(10.00%), Ratnabhumi Developer(10.00%) and Ajcon Global(10.00%).
The 30-share Sensex traded 211.42 points down at 81162.33, while the 50-share Nifty index fell 56.75 points to 24659.85.
In the Nifty 50 index, 15 stocks traded in the green, while 35 stocks were in the red.
Stocks such as Mayur Leather, Alfred Herbert, Keltech Energies, Sika Interplant and Anupam Finserv hit their fresh 52-week high, while Capital Infra Trust, A F Enterprises, Nettlinx Ltd, Indergiri Fin and Siel Financial touched their new 52-week low in trade.
Nifty 50 trades below 24,700; Yes Bank shares up 5%: Leela Hotels IPO –below offered rate.
Rupee flat — $=85.52: Maruti down on sales. Oil up.
The Nifty begins the month of June on Monday on the back of positive cues domestically, but weak global updates.
The Indian markets opened on a relatively flat note, with cuts. The Nifty Index dropped more than 200 points in the early hours of the day’s trade. The Sensex also started the day’s trade in dip.
The Nifty begins the month of June on Monday on the back of positive cues domestically, but weak global updates. India’s GDP data surpassed estimates, which could boost hopes of the bulls making a return from lower levels. What is also in focus this week is the RBI Monetary Policy, with the street most likely pricing in another rate cut of 25 basis points. The Nifty ended last week in consolidation mode, declining only 100 points, despite the outperformance of the Nifty Bank. Metals, Auto, and FMCG kept the Nifty gains in check last week. Metals will also be in focus today after US President Donald Trump announced that he will be doubling tariffs on steel and aluminium to 50% from the current 25%, although granular details of this move are missing. That is one negative update. The other being Trump calling out China for violating their trade agreement in Geneva, and both countries trading barbs over the weekend. The escalation between Russia and Ukraine is another negative development, which has led to a surge in crude oil prices. We also see earnings reactions from names like Vodafone Idea, Apollo Hospitals, Inox Wind and Titagarh Rail, among others. Auto stocks like Tata Motors, M&M and Hero MotoCorp will also be in focus today on account of their sales figures. Watch this space for all the live updates.
NIfty Realty Index Rises
As the market lies low in red, the Nifty Realty index is on the rise. The index soared by over 1.1% on Monday.
Some of the major contributors to the surge include the likes of Brigade Enterprises surged by over 4.5% ..The shares of Prestige Estates increased in value by over 3.8%
Anantraj shares increased by over 4%
The Leela Listing
It’s A Momentous Day For Hospitality Industry In India
Advanced Prog To Create Leela Palace In Mumbai, Added A New Property In Powai
Have Stated Our Objective To Take The Brand Global
We Are Long Term Investors
With Proliferation Of GCCs, There Is A Need For High Quality Accommodation
Brookfield Has Experience In Rental Service Apartments
See Opportunity With Leela Residency Opening In Mumbai Early Next Year
Tripled The Biz In Last 5 Years; Co Has Defined Biz Plan & A Healthy Balance Sheet
Maruti Suzuki Shares Dip After Auto Sales Numbers
The shares of Maruti Suzuki are under pressure. The shares of the automaker dipped by over 1% after the company reported its auto sales numbers for May.
In the exchange filing published on Monday, June 2, the company reported a total sales number of 1,80,077 units. Sales within the Passenger Vehicle segments dropped to 1,35,962 units compared to 1,44,002 units it sold in May 2024.
Mphasis Shares Fall 5%, Here Is Why
The shares of technology solutions provider Mphasis Ltd. fell as much as 5% on Monday, June 2, after Mint reported that it had lost one of its oldest clients, FedEx.
According to the report, FedEx accounted for 8% of Mphasis’s overall revenue.
Leela Hotel Lists On A Weak Note
Luxury hospitality chain Schloss Bangalore, which owns and operates hotels under the iconic “The Leela” brand listed on the bourses on Monday, June 2. The stock made a weak debut after listing at nearly a 7% discount on the exchanges. The stock listed at ₹406 on NSE, meanwhile, it was priced at ₹406.50 on BSE.
Here Are Some Stocks to Look At…
JBM Auto Shares In Focus
Shares of JBM Auto Ltd. are in focus on Monday, June 2, after it reported that its lithium ion battery vertical’s order book had soared to 3 giga watt hour (GWh) for battery energy storage systems (BESS) deployments across India.
Zydus Life Gets Tentative Nod For IBS Drug
Godrej Properties In Focus, Here’s Why
The shares of Godrej Properties will be in focus after the Mumbai-based real estate developer, Godrej Properties Ltd., on Monday, June 2, said it has acquired a 14-acre land parcel in the Kharadi-Wagholi region of Pune, Maharashtra.
The company added that the projects it will develop on the said land parcel have an estimated revenue potential of ₹4,200 crore.
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