All-round buying is happening in the domestic stock market. Sensex is moving near 52,200 with a gain of about 100 points. Nifty is above 15,700 points with a jump of 50 points. Nifty's small-cap index has gained more than 1%. The mid-cap index also has a strength of about 1%.
The market is buying in energy, auto, and realty stocks. There is a slight weakness in the Nifty Pharma and Financial Sector Index. Nifty is getting support from buying in Reliance Industries, ICICI Bank, L&T, ITC, and Tata Motors. Among the stocks under pressure are Bajaj Finance, HDFC, Bajaj, Infosys, and TCS.
The stock market gave a strong start on the first trading day of the week. Sensex opened up 131 points and Nifty 55 points. Out of 14 companies of the BSE Power Index, 13 companies have gained. Adani Power's stock has gained more than 17%.
Mazagon Dock, Angel Broking, Radico Khaitan, Redington, KSB Ltd shares hit 52 week high today. The shares of these companies have jumped from 6% to 13%. (10.40)
Today the March quarter financial results of these companies are coming: Central Bank, MRF, SMS Life, Union Bank. Today the market will be watching these stocks: Tata Steel, PNB, Bajaj Finance, Quess Corp, BoB, MRF, DHFL, Varok Engineering.
MRF has made a profit of Rs 317 crore in the March quarter. The company's profit in the March quarter of last year was Rs 669 crore. The company had made a profit of Rs 512 crore in December. The company has announced a dividend of Rs 94 per share.
Earlier on Friday, the markets closed with a fall. The Sensex closed 132.38 points down at 52,100.05. On the other hand, Nifty closed at 15,670.25, down 20.10 points.
Japan's Nikkei index and Korea's Kospi are strong. China's Shanghai Composite and Hong Kong's Hang Seng are weak. There is a slight decline in Australia's All Ordinaries Index.
On Friday, the US markets closed with gains. The Dow Jones gained 0.52% to close at 34,756.40, up 179.35 points. The Nasdaq closed up 199.98 points at 13,814.50, up 1.47%. The S&P 500 index was up 37.04 points at 4,229.89. Here the markets of France and Germany also closed with gains.
According to provisional data available on the NSE, on June 4, foreign institutional investors (FIIs) had bought shares worth a net Rs 1,499.37 crore. That is, he had sold shares worth so much more than the number of shares he had bought. Unlike FIIs, domestic institutional investors (DIIs) sold shares worth a net Rs 1,175.01 crore.
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