Share Market continues with the positive momentum, buy on dips is what we have seen. Stocks Q4 results, RBI Credit Policy, News on Jewellery sector and wave of privatization, OFS, and Divestment drove the Friday session.
During the Pre-Session on Friday Sensex touched 52374.94, during the session on a higher side Sensex touch 52376.71, and 51960.14 on the lower side. Sensex ends with -0.25% at 52100.05.
Out of 30 companies, 14 stocks end up with green light whereas 16 closes with red. Bajajfinsv was the top gainer with a jump of +2.81% closes at 12152.40. NestleInd closes at 17445.15 down by -1.97%.
Highest Volume traded stocks: IndusInd Bank, SBIN, Bajaj Finance, ONGC, Reliance, LT, ITC, etc.
HDFC contributed the most on Friday with +60.38 and HDFC Bank with the least contributor of -71.11.
Companies that declared a positive Q4 results on 4th June 2021: – Bharat Forge, Bank of India, NIIT, Pennar Industries, MOIL, Bharat Forge, Sambhaav Media, etc.
Global Indications are positive Dow Jones, S&P 500, Nasdaq closes in Green.
Daily Trading Action data from FII/FPI and DII
Market Updates: Board Meetings on 7th June 2021
Update on Divestment
As per exclusive TV18 news, DIPAM and NITI will soon issue the Roadmap for Privatisation, OFS, and PSUs Divestment
Discussion is going on for 7 PSUs for Divestment that includes HUDCO, MMTC, SJVN, NLC, KIOCL, GIC, The New India Assurance and there is a possibility to launch OFS of IRFC, RVNL, Mazagon Dock during FY 22-24
Jewellery Shares soars
Indian Jewellery US relax duty on import of Jewellery from India
|Thangamayil Jewellery Ltd||804.55||839.00||933.80||839||879.45 (+9.31%)|
|Tribhovandas Bhimji Zaveri Ltd.||80.65||83.00||88.70||82.45||84.50 (+4.77%)|
|Kalyan Jewellers India Ltd.||71.15||72.20||82.65||72.20||80.85 (+13.63%)|
Credit Policy Highlights – The real GDP for FY 22 is expected 9.5% instead of previous expected 10.5%, boost to provide easy loan to Hotel Industry, Restaurant, SPAs, Saloon, Aviation and small business, MSMEs, G-SAP 2.0 – Government will buy bonds worth of Rs.1.2 Lakh Cr. In the 2nd Quarter of FY 22.
Nifty 50 Top 10 holdings
Shares under Additional Surveillance Measure – Stage 1 as on 4th June 2021
21st Century Management Services Limited, 3i Infotech Limited, Adani Transmission Limited, Asian Hotels (East) Limited, APL Apollo Tubes Limited, APL Apollo Tubes Limited, Balrampur Chini Mills Limited, Dalmia Bharat Limited, Deepak Fertilizers And Petrochemicals Corporation Limited, eClerx Services Limited, Essar Shipping Limited, Gujarat Narmada Valley Fertilizers and Chemicals Limited, Jamna Auto Industries Limited, Kajaria Ceramics Limited, Mahindra Lifespace Developers Limited, PNB Housing Finance Limited, etc.
List of Shares under Additional Surveillance Measure as on 4th June 2021. Click Here.