LIVE MARKET NEWS (02/06/2020)
LIVE MARKET NEWS (02/06/2020) : 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: Sensex takes winning run to 5th day, up 522 points; Nifty just short of 10,000-mark
- Financials and RIL lead market rally
- 23 of 30 Sensex stocks end the day in the green
- Index contributors: HDFC, Kotak Bank, HDFC Bank, ICICI Bank, RIL
- Top Index gainers: Bajaj Fin (8.33%), Kotak Bank (7.56%), IndusInd Bank (6.74%)
- Top Index losers: Maruti (1.74%), ITC (1.30%), NTPC (1.07%)
- All sectoral indices except S&P BSE FMCG end the day in the green
- S&P BSE REALTY biggest sectoral gainer, up 4.57%
- S&P BSE Fast Moving Consumer Goods biggest sectoral loser, down 0.54%
- Volume toppers: Kotak Bank, Bajaj Fin, SBI, IndusInd Bank, HDFC Bank
>>Markets Live: Sensex, Nifty on track to extend rally to 5th day; Modi says getting economy on track highest priority
Bajaj Auto total sales plunge 70% in May
- Total sales down 70% at 1,27,128 units
- Total domestic sales down 83% at 40,074 units
- Two-wheeler sales down 69% at 1,12,798 units
- Commercial vehicles sales down 74% at 14,330 units
- Total exports down 53% at 87,054 units
I-Sec maintains BUY call on Affle (India); target price: Rs 1,775 per share
“The company will be a key beneficiary of increased spend in mobile advertising (to increase at ~35% CAGR in 2019-25). Further, in a post Covid world, we expect a significant shift among consumers to adopt digital technology globally, which will drive long term revenues. In addition, the company’s unique business model, healthy PAT margins (above 19%) and RoIC of 26% makes Affle an attractive company. Hence, we have a BUY recommendation on the stock with a target price of | 1,775/share,” said ICICI Securities.
>>S&P BSE Telecom gains 2%; Voda Idea up 3%, Airtel 2%. This is how the index stocks are performing
>>BSE Realty index top sectoral gainer, rises 3%
>>Markets Live: Sensex shrugs off Moody’s rating downgrade, rises 300 points
>>OPENING BELL: Sensex shrugs off Moody’s rating downgrade, rises 150 points; Nifty tops 9,850; Kotak Bank jumps 5%
>>Pre-open session: Sensex advances 100 points, Nifty consolidates above 9,800
>>Bajaj Auto (YoY) Total Sales down 70% At 1.27 Lk Units Vs 4.19 Lk Units ~ Nomura Expectation Of 1.35 Lk Units Total 2-wheeler Sales down 69% At 1.12 Lk Units Vs 3.65 Lk Units Total 3-wheeler Sales down 74% At 14,330 Units Vs 54,167 Units (YoY)
>>TVS Motors Total sales down 80.8% to 58,906 v/s 307106 units. Total two-wheeler sales down 80.9% to 56,218 v/s 294326 units Three-wheeler sales down 77.1% to 2,688 v/s 11730 units Company Says: Witnessing a steady pick up in customer retail since the last few days.
>>Hero MotoCorp May Sales Down 82.7% to 112682 v/s 652028 units Domestic sales down 82.9% to 108848 v/s 637319 units Exports sales down 73.9% to 3834 v/s 14709 units Company Says : Nearly 5000 customer touch-points of Hero MotoCorp have re-opened
>>Eicher Motors VECV sales of 686 vehicles RE sales down 69% to 19113 v/s 62371 units Company Says By the end of the month, nearly two-third of the dealerships are open for business and attained nearly the pre-COVID level of bookings towards the end of the month
>>Ashok Leyland Total Vehicles sales down 89% to 1420 v/s 13172 units Total M&HCV sales down 97% to 266 v/s 8946 units LCV sales down 73% to 1154 v/s 4226 units
>>MAY SALES HERO MOTO Sales @ 1.12 Lakh Units (Est of 1 lakh units) TVS MOTOR Total sales At 58,906 Units (Est of 85,100 Units) EICHER Royal Enfield Sales Down 69% YoY @ 19113 (Est 20,000) ASHOK LEY Sales Down 89% YoY at 1420 vs 13172 units (Est @ 1000 Units)
>>V-GUARD INDUSTRIES Weak; Disappointing Q4 – YoY, Cons (YoY) Net Profit down 47.1% At `32.2 Cr Vs `60.8 Cr Revenue down 27.4% At `541.1 Cr Vs `745.8 Cr EBITDA down 43.3% At `45.6 Cr `80.4 Cr EBITDA Margin At 8.4% Vs 10.8%
>>Auto Sales: Hero Moto May sales 1,12682 units vs Nomura expectation of 1 lakh TVS Motors May sales 58906 vs expected 85100 Ashok leyland May 1420 vs 1000 expected Royal Enfield May 19113 vs expected 20000
>>In Focus today Kotak : big block of 5.6cr shares today as Uday Kotak will sell stake to honor RBI norms Deal likely to be in 1215-1240 band Large FII funds in race to pick up stake Post stake sale and QIP public float increase will likely increase Index weight
>>IL Last day of rights tomorrow ie 3rd June To date rights has been subscribed 1.1x
>>Global cues are mildly positive Dow rallies 91 Pts Dow Futures slip 93 Pts as tensions increase in US with protests turning violent -China stops buying few US Agro products Japan up 245 Hangseng up 157 Crude rallies to $38 SGX nifty up flat down 9
SGX Nifty signals muted start
Nifty futures on the Singapore Exchange traded 8.75 points, or 0.09 per cent lower at 9,830.75 in signs that Dalal Street was headed for a muted start on Tuesday.
>>Global Market Cues -Asia markets open mixed -China halts soybean and other farm goods import from the USA -Chinese state-owned cos Cofco/Sinograin ordered to suspend the import also canceled pork orders from the USA -Dow closed up 91 points -Brent oil inches higher to $39
US stocks rise as investors eye economy reopening
US stocks reversed their earlier losses to finish with modest gains, as investors weighed the possibility of normalizing economic activities. On Monday, the Dow Jones Industrial Average rose 91.91 points, or 0.36 per cent, to 25,475.02. The S&P 500 increased 11.42 points, or 0.38 per cent, to 3,055.73. The Nasdaq Composite Index was up 62.18 points, or 0.66 per cent, to 9,552.05.
Rupee rises by 8 paise as govt starts to unlock economy
The rupee appreciated 8 paise to close at 75.54 against the US dollar on Monday on easing trade worries and optimism over the government’s move to reopen the economy after a more than two-month lockdown. Forex traders said foreign fund inflows, weak American currency and positive domestic equities also boosted investor confidence.
Sensex, Nifty on Monday
After skyrocketing 1,250 points during the day, the 30-share BSE Sensex settled 879.42 points or 2.57 per cent higher at 33,303.52. The NSE Nifty surged 245.85 points or 2.57 per cent to finish at 9,826.15.