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Closing Bell
Equity benchmark Sensex fell below 34,000 mark and ended 128 points lower on Thursday. The Nifty too ended lower by 32.45 points to 10,029.10.
On the BSE, out of the 2,608 shares traded today, the number of advancing scrips was higher at 1,309, while that of decliners at 1,143.
After opening at 34,072.50, the Sensex touched a high of 34,310.14, fell steadily thereafter and ended lower by 128.84 points or 0.38 per cent, at 33,980.70.
Similarly, NSE Nifty fell 32.45 points or 0.32 per cent to 10,029.10.
Major losers were Asian Paints, Bajaj Finance, HDFC, Kotak Bank, IndusInd Bank, Axis Bank, L&T, HDFC Bank, Ultracemco and M&M that fell up 4.50 per cent.
Top gainers which provided support to markets were Tech Mahindra, Sun Pharma, Bharti Airtel, HCL Tech, Power Grid and Reliance.
In the pre-open sesssion, the BSE benchmark index plunged over 1,150 points to a low of 32,936 and before the normal trading session started, the index recouped most of its losses.
BSE SECTORAL INDICES
Sun Pharma gains for third straight day
Sun Pharmaceuticals Industries Ltd gained for a third straight session today. The stock is quoting at Rs 490.80, up by Rs 14.75, or 3.10% on the NSE.
The volume in the stock stood at 1.33 crore shares today, compared to the daily average of 1.07 crore shares.
Meanwhile, Nifty Pharma index of which Sun Pharmaceuticals Industries Ltd is a constituent, has risen around 8.53% in last one month and is currently quoting at 10,033.50, up 1.72%
The benchmark Nifty is down around 0.99% on the day, quoting at 9962.05. The Sensex is at 33797.72, down 0.91%.
NSE SECTORAL INDICES
BSE 'B' group upper circuit
Key stock indices slipped into the red after rallied over the last six trading sessions amidst weakness in Asian markets.
The 30-share BSE barometer registered 295.62 points loss at 33,814.30.
Similarly, the NSE Nifty was down 85.25 points to 9,976.30.
Among the Sensex pack, laggards today were Titan, Kotak Bank, Bajaj Finance, ONGC, HDFC, HDFC Bank, Asian Paint and Axis Bank.
However, those traded in green were Tech Mahindra, Sun Pharma, Reliance, Maruti, TCS, Bharti, Infosys and PowerGrid stocks.
Among the BSE 'A' Group stocks, Arvind Fashion, Jubilant, Quess, PC Jeweller, DHFL Varroc, Dish TV and Lemon tree locked in 5 per cent upper circuit today.
BPCL share price up 2.50% post Q4 numbers
Bharat Petroleum Corporation (BPCL) share price was trading higher by 2.50% now. The stock slipped more than 3 per cent in opening trades today after the company posted losses in the March quarter.
The company posted consolidated loss of Rs 1,819.6 crore for the quarter ended March 2020.
Revenue from operations for the quarter stood at Rs 68,997.8 crore, declining 8 per cent compared to Rs 74,959.2 crore in December quarter 2019.
Neogen Chemicals rise as promoters divest stake
The share price of Neogen Chemicals, s leading manufacturers of Bromine-based and Lithium- based specialty chemicals, jumped almost 5 percent in the morning trade on BSE on Thursday, a day after the company's promoters divested 11.26 lakh shares. The company state its release to the BSE that promoters have divested 11.26 lakh shares to an investor.
At 11.15 am, the stock was being quoted at Rs 465.55, up by Rs 5.45 or 1.20% on the BSE
Founder Haridas Thakarshi Kanani sold 4,00,002 shares at Rs 473.25 apiece. His wife Beena Kanani offloaded 7,26,002 shares at Rs 473.53 per share on the BSE on June 3.
Together they sold 4.82 percent stake in the company through bulk deals worth more than Rs 53 crore. Promoters held a 70.01 percent stake in the company as of March 2020.
Rupee down 8 paise
The Rupee was trading lower by 8 paise versus the dollar today on dollar demand from importers. The domestic unit was quoted at 75.55, down by 8 paise as compared to its previous close of 75.47 against the dollar.
Aurobindo Pharma stock rallies on Q4 earnings
Aurobindo Pharma stock rose nearly 3 per cent on the bourses today. The stock has risen after it reported 45.2 per cent increase in consolidated net profit in the fourth quarter ended March 31, 2020.
The pharma company registered consolidated net profit at ₹850 crore in the fourth quarter ended March 31 an increase of 45.2 per centa as compared to ₹585 crore in the same quarter last year.
The total revenue of the Hyderabad-based company grew 16.4 per cent ₹6,158 crore (₹5,292 crore).
Aurobindo Pharma Q4 net up 45% at Rs 850 cr
RIL rights issue subscribed 1.59 times
Reliance Industries Ltd said that it has achieved successful closure of the country’s largest rights issue of Rs 53,124.20 crore. It was subscribed
Asian shares hit two-month high as economic optimism spreads
Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent, earlier touching the highest since March 9.
Opening Session
Key stock indices slipped into the red after rallied over the last six trading sessions amidst weakness in Asian markets.
At the pre-open session, the BSE benchmarket index nosedived to a low of 32,936 levels, down by over 1,150 points. However, just before the start of the normal trading session at 9.15 am, it recouped its losses.
Among the Sensex pack, laggards today were Titan, Kotak Bank, Bajaj Finance, ONGC, HDFC, HDFC Bank, Asian Paint and Axis Bank.
However, those traded in green were Tech Mahindra, Sun Pharma, HCL Tech, TCS, Bajaj Auto and PowerGrid stocks
The 30-share BSE barometer registered 117 points loss at 34,007.51.
Similarly, the NSE Nifty was down 26.85 points to 10,034.70
Sensex stocks
9.15 am
Sensex Pre-Open session
MCX-Nickel: Go long on declines
The June futures contract of nickel on the Multi Commodity Exchange (MCX) which had been oscillating in the range of ₹900 to ₹960 since mid-April, broke out of the range on Tuesday.
Day Trading Guide for June 4, 2020
₹1022 • HDFC Bank
₹701 • Infosys
VIP Industries (Rs 264.4)
Investors with a short-term perspective can buy the stock of VIP Industries at current levels. After registering a 52-week low at ₹187 in late March, the stock bounced up and started to consolidate
Nifty reclaims 10K-mark after three months
The rally in the domestic stock markets continued unhindered for the sixth consecutive day on Wednesday, mirroring global market cues.
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