- India’s benchmark indices Sensex and Nifty50 edged up in mid-market trade on Friday amidst positive cues in global markets.
- PSU bank, realty and FMCG stocks helped the benchmark indices remain positive.
- Both the indices were up 0.23% – while the 30-stock Sensex was hovering at 62,564 points, the 50-stock Nifty50 was hovering at 18,530 points.
India’s benchmark indices Sensex and Nifty50 edged up in mid-market trade on Friday amidst positive cues in global markets. PSU bank, realty and FMCG stocks helped the benchmark indices remain positive.
Both the indices were up 0.23% – while the 30-stock Sensex was hovering at 62,564 points, the 50-stock Nifty50 was hovering at 18,530 points.
Top gainers and losers on Nifty50Top gainers | Change | Top losers | Change |
Hero MotoCorp | 3.19% | Adani Enterprises | -1.69% |
Hindalco | 2.62% | Eicher Motors | -1.23% |
Titan Company | 1.28% | Infosys | -1.17% |
Dr. Reddy's Laboratories | 1.25% | Divi's Laboratories | -0.49% |
Coal India | 1.09% | HCL Tech | -0.42% |
Source: NSE, as on June 2, 2023Earlier on Thursday, markets closed the day 0.3% in the red due to weak global cues.
Gold prices edged up to ₹60,300 per 10 grams while silver was hovering at ₹72,600 per kilogram. Crude oil prices gained as well, with Brent crude hovering at $75 per barrel.
Global markets rise on US debt ceiling progress
Global markets rose thanks to progress on the US debt ceiling proposal. Dow Jones closed 0.47% higher while S&P 500 gained 0.99%. The tech-heavy Nasdaq rallied 1.28%.
Asian markets were largely positive on Friday, led by Hang Seng which rallied 3.38%, followed by Taiwan Weighted which was up 1.15%. KOSPI gained 0.95% while Nikkei 225 was up 0.75%. Shanghai Composite was also up 0.71%.
Stocks to watch
Coal India: The government’s offer for sale received strong response, with the issue being subscribed 3.46 times on Thursday.
Maruti Suzuki: India’s leading car maker reported a 15.45% YoY rise in volumes in May to 1.44 lakh passenger vehicles from 1.24 lakh a year ago.
Hero MotoCorp: The two-wheeler manufacturer reported a 7% YoY growth in sales to 5.19 lakh units in May from 4.87 lakh units a year ago.
Tata Motors: Tata Motors reported a 6% YoY rise in its domestic passenger vehicle sales to 45,984 units in May from 43,392 units a year ago.
TVS Motor: The two and three-wheeler maker reported a 9% YoY rise in sales to 3.3 lakh units in May from 3.03 lakh units a year ago.
Adani Enterprises: Its subsidiary Adani Road Transport has terminated an agreement with Macquarie Asia Infrastructure for the acquisition of a 100% stake in Swarna Tolley, and a 56.8% stake in Gujarat Road and Infrastructure Company.
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