LIVE MARKET NEWS (03/06/2020) : 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 extends gains to sixth day, up 284 points; Nifty above 10,050; IOB, BOI surge up to 17%
- Private banks lead market rally
- 19 of 30 Sensex stocks end the day in the green
- Index contributors: HDFC Bank, ICICI Bank, Kotak Bank, HDFC, M&M
- Top Index gainers: M&M (5.51%), Bajaj Fin (3.57%), Kotak Bank (3.15%)
- Top Index losers: NTPC (1.96%), IndusInd Bank (1.62%), Airtel (1.04%)
- S&P BSE REALTY biggest sectoral gainer, up 3.07%
- S&P BSE Telecombiggest sectoral loser, down 0.95%
- Volume toppers: Bajaj Fin, SBI, ICICI Bank, RIL, IndusInd Bank
>>Markets Live: Sensex surges 500 points, Nifty tops 10,100; bank stocks rally
>>OPENING BELL: Sensex surges 500 points, Nifty nears 10,150; Axis, HDFC Bank gain 4% each
>>Pre-open session: Sensex climbs 470 points, Nifty tops 10,100
Q4 results today
BPCL, Aurobindo Pharma, MAS Financial Services, Orient Hotels, DCM Shriram, Cholamandalam Investment, Dishman Carbogen Amcis and Vesuvius India are among companies which will announce their March quarter results on Wednesday.
RIL‘s rights issue closes today
The Mukesh Ambani-led company’s Rs 53,124 crore rights issue will close today. The issue has received total bids received of 54.9 crore shares so far, overshooting the 42.26 crore shares on offer by 29.8 per cent.
>>Granules India Q4 Cons (YoY) Net Profit UP 44.2% At `92.33 Cr Vs `64 Cr Cons Revenue down 2.2% At `599.9 Cr Vs `613.3 Cr Other Income At `22.5 Cr Vs `1.9 Cr Exceptional Loss At `59.8 Cr EBITDA UP 2.4% At `99.9 Cr Vs `97.6 Cr EBITDA Margin At 16.7% Vs 15.9%
>>Britannia mgmt says it has had a couple of “good days” in April growth 20% and May with 28% growth NP 372 cr vs expected 330cr Rev 2868 cr vs expected 2830cr Domestic vol flat
>>DHAMPUR SUGAR Sales Up 25.5% to 1087.8 v/s 867 cr Profit down 4.3% to 104.1 v/s 108.8 cr Transport Corp Sales down 10% to 667.8 v/s 742.7 cr Profit down 25.3% to 36.2 v/s 48.4 cr SPARC Sales down 73.2% to 22.7 v/s 84.8 cr Loss 99.5 v/s Loss of 9.35 cr
>>Nifty Bank ended yesterday at key level of 20530 Today if it stabilizes above this level long with stop at day’s low Targets 21150 On any dip 19900-20100 is key support area for fresh longs
>>On a gap up if #Nifty holds 10040, long with stop at day’s low Targets 10100-10170 Whenever day’s low is broken book profit and wait for dips On any intraday-dip 9850-9900 is key support level for fresh longs
>>The Company has completed the additional acquisition of 25% equity shares in Terrier Security Services (India) Private Limited (“TSSIPL”), an associate company of Quess Corp Limited from Heptagon Technologies Private Limited, another associate of Quess.
SGX Nifty signals positive start
Nifty futures on the Singapore Exchange traded 42 points, or 0.42 per cent higher at 10,080.50 in signs that Dalal Street was headed for a positive start on Wednesday.
>>SGX Nifty climbs 42 points, hints at positive start for domestic stocks
>>Global Market Cases: 64.77 Lakh -India Cases: 207,000 -Maharashtra Cases: 72,300 -Mumbai Cases: 42,200
>>Global Market Cues -Asia Markets set to open higher -Dow Futures showing 125 points up -US markets rally continue, Dow up 267 points -Ahead of OPOEC+ meeting Crude prices up -Brent Crude prices crossed $40 -OPEC+ may extend production cut for June & July
Hang Seng, Shanghai Composite rise up to 1.3%
Hong Kong’s Hang Seng Index jumped 1.28 percent, or 307.62 points, to 24,303.56. China’s benchmark Shanghai Composite Index gained 0.31 percent, or 8.99 points, to 2,930.39, while the Shenzhen Composite Index on the country’s second exchange rose 0.30 percent, or 5.45 points, to 1,852.11.
US stocks settled higher
US stocks ended higher, as Wall Street weighed the possibility of normalizing economic activities amid civil unrest. The Dow Jones Industrial Average index rose 267.63 points, or 1.05 per cent, to 25,742.65. The S&P500 index was up 25.09 points, or 0.82 per cent, to 3,080.82. The Nasdaq Composite Index increased 56.33 points, or 0.59 per cent, to 9,608.37.
The Nifty ended at 9,979.10, higher by 152.95 points or 1.56 per cent from the previous close of 9,826.15 points. The Sensex closed at 33,825.53, higher by 522.01 points or 1.57 per cent from the previous close of 33,303.52. It had opened at 33,450.19 and touched an intra-day high of 33,866.63 and a low of 33,301.29 points.