LIVE MARKET NEWS (01/06/2020) : Live Market News : [Live] Stocks News In this article MoneyPip Updates Latest Stocks Market News, Live Indian Market,Live Share Market News, Live CNBC AWAAZ,Live Global Market etc.
CLOSING BELL: Bulls unlocked! Sensex rallies 879 pts, Nifty zips past 9,800; Bajaj Finance surges 10%, Titan 7%
- RIL, financials lead market rally
- 25 of 30 Sensex stocks end the day in the green
- Index contributors: RIL, HDFC Bank, HDFC, TCS, Bajaj Fin
- Top Index gainers: Bajaj Fin (10.41%), Titan (7.70%), Tata Steel (6.74%)
- Top Index losers: Nestle (2.14%), Ultra Cement (2.10%), Sun Pharma (1.99%)
- All BSE sectoral indices end the day in the green
- S&P BSE CONSUMER DURABLES biggest sectoral gainer, up 6.56%
- S&P BSE Healthcare biggest sectoral loser, up 0.41%
- Volume toppers: Bajaj Fin, RIL, SBI HDFC, Axis Bank
>>Most NBFC stocks trading in the green; Bajaj Finance surges 9%, Chola Inv 6%, HDFC 5%
>>Markets Live: Sensex gains 1,180 points; BSE Bankex, consumer durables top sectoral gainers
>>Rupee opens 27 paise up at 75.35 against dollar
>>Maruti records 86% slump in May sales at 18,539 units
>>BSE Bankex jumps 4%, biggest sectoral gainer; all index constituents in the green
>>OPENING BELL: Sensex rallies 800 points, Nifty tops 9,800; IDBI Bank soars 19%, NCC gains 10%
>>Pre-open session: Sensex climbs 425 points, Nifty tops 9,750
>>1/6: Nifty rallied 3rd day. PCR is high. Be cautious. Stocks to watch on long side: Bharti Airtel: Delivery surges sharply. Stock showed strong volume on Friday. Lupin: Delivery gains. Stock down 8% from peak. MCX: Strong earnings. Be careful on MCX. Larsen & Toubro.
>>*Shipping Corporation Of India Q4FY20* Revenue up 30.6% to Rs 1,313.8 crore Net profit up 83% to Rs 111.1 crore Ebitda up 35.8% to Rs 303.8 crore Ebitda margin at 23.1% from 22.2% Higher sales in tanker segment aids bottomline
>>Non-Subsidised #LPG cylinder’s price increased by Rs 11.50/cylinder to Rs 593 from Rs 581.50 for 14.2 kg cylinder in Delhi
>>Jet Fuel (ATF) price hiked by Rs 11,030.62 to Rs 33,575.37/kL in Delhi
>>Nomura On CEAT Maintain Reduce, Target At `754/Sh Weak Demand Remains A Worry Slow Demand Recovery, Lower Utilization & Rising Debt To Impact Earnings Margin Surprised At 12.7%, Led By 270 bps QoQ Higher Gross Margin & Lower Costs
>>SGX Nifty jumps over 170 points, hints at strong start for domestic stocks
>>results KEI ind : sales at 1258cr Ebitda 124cr PAT 62 cr Volume at 18% in cable Polycab : rev 2130 cr Ebitda up 20% 295cr PAT 215cr up 53% Wire cable biz down 11% Mngmt commentary Fy21 to be weaker than FY20
>>Voltas Rev 2090 vs expected 2150cr Ebitda 192 vs expected 166cr Ac rev up 20% expected growth was 5-10% Mkt share at 24%
>>Results : Dilip buildcon Rev dn 3% 2509 cr PAT dn 47% 116cr Ebitda 442 dn 10% Margin 16.83% vs 18.09% Net Debt 2934 vs 3388 cr Orderbook 19082 NCC Pat dn 66% 61 cr rev dn 38% 2334
>>Adani power board to consider delisting of shares on June 3rd Kotak bank: QIP floor price set at 1145/sh Dr Reddy gets USFDA EIR for SriKakulam API plant
>>Fertilizer stocks in focus as RCF reports a strong qtrly no’s PAT up 196% at 142 cr Rev up 15% ebitda up 192% at 368 cr NFL mgmt fertilizer off take commentary strong
>>Long #Nifty above 9600 Keep stop at day’s low Targets 9670-9715 Support now stands at 9430
>>#NiftyBank Range 18730-19550 Long above 19350 Stop 18990 Targets 19550-19800-20000
>>Global Market Live -Asian markets open mixed –SGX nifty Chart indicates strong opening of the Indian market -The US will not give spl status to HK -The growing tension between the USA and China -Protest across America over the death of a black man can push back reopening
>>Indian Oil Corp revises ATF prices upward by 48% to Rs. 33575/Kl in the Delhi market. In May ATF price was cut by 23%.
>>Q1FY21’s GDP growth could be out last cheer for 2020, Nomura says, expecting negative GDP growth hereon for at least 3 quarters
>>Kotak Institutional Equities maintains its FY21 GDP growth estimate at (-)5.8% Vs 4.2% in FY20
>>Global Market Live up 31% from March lows. Flows since March lows: Redemptions of $120 billion (0.8%AUM) from equity funds (Source – EPFR) Data suggests market recovery so-far is majorly the closing of shorts.
SGX Nifty signals strong start
Nifty futures on the Singapore Exchange (SGXNIFTY) traded 171.25 points, or 1.81 per cent higher at 9,653.50 in signs that Dalal Street was headed for a positive start on Monday.
Q4 results today
V-Guard Industries, Orient Electric, Acewin Agriteck, Birla Cable, Ultramarine and Pigments are slated to announce their March quarter results today.
Crude prices fall on concerns of US riots
Oil prices fell due to concerns about riots in major US cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June. Brent crude traded down 16 cents a barrel at $37.68 a barrel, in the first day of August trading as the front month. The August contract climbed $1.81, or roughly 5 per cent, on Friday.
Asian shares off to cautious start
Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington’s power struggle with Beijing. E-Mini futures for the S&P 500 retreated 0.5% in early action, while gold rose 0.77% to $1,739 an ounce. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2%, as did Japan’s Nikkei.
US stocks closed mixed on Friday
US stocks closed mixed as Wall Street pored through a slew of economic data. On Friday, the Dow Jones Industrial Average fell 17.53 points, or 0.07 per cent, to 25,383.11. The S&P500 rose 14.58 points, or 0.48 per cent, to 3,044.31. The Nasdaq Composite Index was up 120.88 points, or 1.29 per cent, to 9,489.87,
Sensex, Nifty rise for 3rd day
On Friday, Sensex closed at 32,424.10, higher by 223.51 points or 0.69 per cent from the previous close of 32,200.59. It had opened at 32,041.29 and touched an intra-day high of 32,480.52 and a low of 31,823.80. The Nifty50 closed at 9,580.30, higher by 90.20 points or 0.95 per cent from the previous close.