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Stock Market Highlights: Indices stabilise after poll shocker; Mid, SmallCap indices add up to 3%

Stock Market Highlights on June 6: Among sectors, the Nifty Realty climbed 4.7 per cent, the Nifty PSU Bank 2.9 per cent, and the Nifty IT 2.8 per cent

Image SI Reporter New Delhi
Stock Market LIVE: Sensex off highs, up 400 pts; HUL drops 2.5%, M&M 2%; VIX down 8%

Closing Bell on Thursday, June 6, 2024: Equity markets moved higher for a second straight day on Thursday as investors were relieved from the likelihood of Narendra Modi being given a third term as the Prime Minister of the country.

The BSE Sensex, though volatile through the session, stayed positive during the day and closed at 75,075, up 692 points or 0.93 per cent. The Nifty50, too, shut shop at 22,821, up 201 points or 0.89 per cent.

HCL Tech, Tech M, SBI, Infosys, NTPC, L&T, Tata Steel, Wipro, TCS, and Bharti Airtel were the top performing large-caps, up in the range of 1.5-4.5 per cent. On the downside, HUL, M&M, Sun Pharma, Asian Paints, Nestle India, and Axis Bank settled lower, down up to 2 per cent.

In the broader markets, the BSE MidCap index gained 2.3 per cent, and the BSE SmallCap index rallied 3.3 per cent.

Among sectors, the Nifty Realty climbed 4.7 per cent, the Nifty PSU Bank 2.9 per cent, and the Nifty IT 2.8 per cent. 

3:56 PM

Tech View :: 'Expect Nifty to consolidate; Bank Nifty has resistance at 49,700'

On the daily charts, we can observe that the Nifty has witnessed a sharp recovery in the last couple of trading sessions and now reached the 22,900 level which coincides with the 78.6% Fibonacci retracement level of the fall from 23,340 – 212,80. W

e expect Nifty to consolidate after the sharp runup and considering it has reached a crucial resistance level the probability of a rangebound movement is high.

The range is likely to be 21,800 – 23,000 from a short-term perspective. IN
Bank Nifty
The RBI policy event is likely to have a bearing on the bank Nifty tomorrow. Key Support levels are placed at 48,800 – 48,500 while key resistance is at 49,700 – 50,000 zone. We expect the Bank Nifty to consolidate around 49,000 for tomorrow’s trading session.

Views by:Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
3:41 PM

Currency check :: Rupee slips 10 paise bvs US dollar

3:40 PM

Broader markets :: Mid, SmallCap indices outperform

3:39 PM

Sectoral trends :: Realty index up nearly 5%, IT, Bank 4%

3:38 PM

Sensex Heatmap :: IT stocks lead today's rally, FMCGs cap gains

3:37 PM

Closing Bell :: Nifty holds 22,800 at close

3:36 PM

Closing Bell :: Sensex zooms nearly 700 pts, ends atop 75K

3:30 PM

ALERT :: Dixon Tech enters into Term Sheet with HKC Corporation Limited

>> Dixon Technologies (India) Limited has entered into a Term Sheet with HKC Corporation Limited to form a Joint Venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products like, smartphones, TVs, monitors and auto displays and selling HKC branded End products in India.

Click here for details
3:23 PM

ALERT :: ITC shareholders approve demerger of hotels biz

3:09 PM

ALERT :: Monsoon to soon reach Mumbai

3:03 PM

ALERT:: Indoco Remedies board okays Rs 2,000 cr fund raise; stock up 3%

Indoco Remedies in an exchange filing on Thursday said the company received a tentative approval from the USFDA, for the company's Abbreviated New Drug Application for Canagliflozin and Metformin Hydrochloride Tablets. 


2:54 PM

Nava, WABAG, NCC, Finolex and 17 other smallcap stocks hit record highs

At 01:32 pm; BSE Smallcap index, the top gainer among broader indices, was up 2.91 per cent, as compared to 0.64 per cent rise in BSE Sensex and 2.2 per cent gain in BSE Midcap index. READ MORE

Sensex, BSE, stock markets
2:44 PM

ALERT:: Zee board okays Rs 2,000 cr fund raise; stock up 4%

Zee Entertainment board today gave its in-principle approval for raising funds by way of issuance of equity shares and/or any other eligible securities in one or more tranches for an aggregate amount not exceeding Rs 2,000 crore. 



2:35 PM

ALERT:: Taiwan rallies 2% in Asian trade


2:29 PM

Restaurant Brands Asia rallies 8% on heavy volumes; stock down 9% YTD

At 12:23 PM, one million shares changed hands on the BSE at a price of Rs 107 per share. Till 1:30 PM, a total of 5.87 million shares had, together, changed hands on the NSE and BSE. READ MORE

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First Published: Jun 06 2024 | 7:08 AM IST

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