Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 06, 2023

• *News Headlines from Business News Agencies:*
• *Business Standard*
• • Minister of civil aviation Scindia asks airlines to self-monitor airfares on certain routes
• • SBI Cards and Payment Services to raise Rs 3,000 crore funds via NCDs
• • Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal
• • Services PMI declines to 61.2 in May amid rising inflationary pressures
• • Paytm's loan disbursals more than doubled to Rs 9,618 crore in Apr and May
• • Lufthansa seeks deeper partnership with Air India, plans to expand flights
• • Westlife Foodworld makes its debut on the National Stock Exchange
• • Embassy REIT raises Rs 1,050 crore through NCDs to refinance bank loans
• • Tata Power Renewable Energy commissions 110-MW solar power project KSEB
• • Dr Reddy's completes Phase-I study in proposed biosimilar of tocilizumab
• • Suzlon Group reaches 20 GW of worldwide wind energy installations
• *Economic Times*
• • Saudi Arabia slashes output further to boost oil price
• • Centre aims at covering refractories in PLI 2.0 to support 300 MT steel capacity target by 2030
• • UBS expects to seal Credit Suisse takeover as early as June 12
• • BYJU'S Aakash to launch IPO next year
• • Banking sector needs to address governance gaps to meet upcoming challenges: RBI Dy Guv
• • Virgin Atlantic aims for larger share in India with Heathrow to Bengaluru daily flights
• • IL&FS to re-launch stake sale process of ITPCL amid restructuring efforts
• • Data-center operator Cyxtera files for bankruptcy
• • Boeing CEO says fixing supply chain constraints is 'frustratingly slow'
• • Asset base of ESG-focussed funds drops by Rs 2,020 cr in FY23
• • CNG penetration for Maruti Suzuki stands at around 26%: Shashank Srivastava
• • Invested more than $2 billion in Neu; app revamp has paid off: Tata Digital CEO
• *Mint*
• • PVR INOX announces to open new 7-screen multiplex in Bengaluru
• • BharatPe appoints Kohinoor Biswas as consumer lending head
• • Bharat Petroleum starts pilot to test ED7 blend fuel
• • Twitter hires NBCUniversal’s Joe Benarroch
• • Bajaj Finserv to invest ₹5,000 crore in Pune
• • Tata's to spend ₹13,000 crore to set up lithium battery plant in Gujarat
• • Greenhouse gas emissions decline significantly in India’s infra sector
• • Byju's faces deadline for $40 million payment today
• • Stellar Value Chain adds 2 million sq ft in warehouse space
• • Cyclonic circulation may hamper monsoon onset over Kerala: IMD
• • Government plans ₹15,000-crore push for batteries
• • IMD issues heatwave alert for eastern India
• *Enhanced Surveillance Measure (ESM) Stage - One*
• New surveillance measure
• Any co. Below 500 cr mkt cap and which has increased by 100% will be eligible for ESM
• - Impact: 100% Margin
• -Script will be under 5% band and Trade to Trade segment
• VERY BAD FOR SMALL CAP STOCKS
• *SGX Nifty +8 pts (18710) from last trade 18702 ,*
• Nikkei +56 pts ,
• Hangseng +9 pts ,
• Now @6.55am .
• Dow -199.90 pts ,Nsdq -11.34 pts, S&P -8.58 pts , Bovespa +138 pts , Ftse -7 pts , Dax -87 pts , Cac -69 pts , Crude @ $71.93 brl (-0.22), Brent @ $76.71 brl (-0.00) , Gold @ 1978.90 (+4.60), Silver @ $23.67 (+0.03), Euro @ $1.0708, JPY @ $139.34, INR @ 82.505
• *Today's Corporate Action*
• *6th June Ex Date*
•  
• NELCO
• Dividend - Rs. - 2.0000 -
• PRIMESECU
• Dividend - Rs. - 0.5000
• *Today's Board Meetings*
• *06-Jun-23*
• ACFL
• Audited Results
• DHANCOT
• General  
• GENPHARMA
• General  
• INTENTECH
• General;Dividend
• SBICARD
• General  
• SEJAL
• General
•  
• Tuesday, 6th Jun, 2023
• Nifty @ 18,593 ( + 60 ) Sensex @ 62,787 ( + 240 )
• *@ Global Indices*
• Dow Jones finished lower, Nasdaq reached its best closing level in well over a year, while the S&P 500 set a new nine-month closing high.
• ISM Services PMI fell sharply to the lowest in five months in May
• *@ Indian Indices*
• The present Nifty consolidation movement is expected to continue within a high low range of 18,700-18,500 levels in the next 1-2 sessions - Nagaraj Shetti
• *@ Street sentiment*
• Fear & Greed Index