Good morning!
The GIFT Nifty, an early indicator for the benchmark Nifty 50, is down 0.12% at 23,464 as of 7:27 a.m. Equity-index futures for the US (S&P 500) and Europe (Euro Stoxx 50) dipped 0.05% and 0.20% respectively.
India Market Recap
Indian equity benchmarks halted a four-day losing streak. The NSE Nifty 50 rose 0.43% to close at 23,483.55, while the BSE Sensex gained 0.52% to end at 74,649.84. IT stocks led the gains, with Infosys contributing 53.59 points and TCS adding 35.57 points to the Nifty’s rise. Financials and energy stocks such as ICICI Bank, Axis Bank, NTPC and Reliance Industries weighed on the indices.
US Market Recap
The main Wall Street indices retreated from record highs to open in the red on Tuesday as traders awaited clarity to emergy on the US-Iran truce talk front.
The S&P 500 broke its eight-day long rally to open 0.18% lower at 7,586.44, Dow Jones Industrial Average slumped over 200 points or 0.44% to open at 50,853.99 levels, while Nasdaq Composite’s AI-fuelled rally cooled off with the index opening 0.27% lower at 27,014.03.
However, Dow touched a fresh record after jumping over 100 points or 0.25% to 51,195.59.
Asian Market Update
Japan’s Nikkei 225 rose to a record high on Wednesday as investors pushed Asian equities higher despite concerns over tensions between the US and Iran and the potential impact on global energy supplies.
The Nikkei 225 climbed 0.91%, while the broader Topix gained 0.93%. Australia’s S&P/ASX 200 advanced 0.32%. Hong Kong’s Hang Seng futures pointed to a weaker start, trading below the index’s previous close. South Korean markets remained shut for a public holiday. The gains came even as developments in the Middle East kept investors focused on risks to oil supplies and global trade routes.
Commodity Check
Oil prices continued to gain for a third straight session on Wednesday amid rising US and Iran faded as renewed fighting in the Middle East added to concerns over global crude supplies. Brent crude climbed towards $97 a barrel, while US benchmark West Texas Intermediate traded near $95. Meanwhile, gold remained steady, trading at $4,490 an ounce, according to Bloomberg data.
Business Update
Adani Ports & SEZ (May Update)
Handles cargo volume of 48.3 MMT, up 16% YoY
Logistics rail volume declines 19% YoY to 48,170 TEUs
Stocks in news
IPO To Open
CMR Green Technology: A non-ferrous metal recycler and secondary aluminium market, specializing in aluminium and zinc die-casting alloys. Shares issued with Price Band of 182 to 192 rupees and Lot Size of 78 shares. Total Issue size of Rs. 631 cr which is 100% offer for sale
Set to open on 3rd June 2026, close on 5th June 2026 and Listing on 10th June 2026.
Bulk & Block Deals
Alkem Laboratories: Jayanti Sinha sold 12.3 lk shares, Samprada&Nanhamati Singh Family Trust sold 5.5lk shares & ICICI Prudential Mutual Fund bought 9 lk shares, HDFC Mutual Fund bought 5lk shares, DSP bought 86.5k shares & BNP Paribas, Edelweiss Mutual Fund, Goldman Sachs Bank, Morgan Stanley Asia Singapore, Nippon India Mutual Fund, Societe Generale bought 48k shares each at Rs. 5,200 a piece
BAJAJ ELECTRICALS: Jamnalal Sons Sold 56.16L Shares & Kamalnayan Investments, Madhur Securities, Niraj Holdings, Rahul Securities, Rupa Equities, Shekhar Holdings Bought 9.36L Shares Each At avg price of Rs. 320.5 A Piece
Mangalam Cement: Santosh Industries sold 2lk shares for Rs. 840 a piece
Neogen Chemicals: AXIS MUTUAL FUND sold 2.6 lk shares at Rs. 1,788.01 a piece
Shares to exit anchor Lock-in
Wakefit Innovations: 6 months lock in, 4 mn lock in shares, 1% of total outstanding shares
Board Meeting
- DEE Development Engineers – Fund Raising
- Indiabulls- Fund Raising
- Ideaforge Technology- Fund Raising
- Skipper- Fund Raising
Corporate announcement
Anand Rathi Wealth – 1:1 Bonus
Insider trade
Paisalo Digital: Equilibrated Venture, Pro Fitcch, Pri Caf, Promoter Groups acquired 6.3 lk shares each
Price band
Price Band change from 10% to 5%: DYNACONS SYSTEMS & SOLUTIONS
Short Term ASM
- List of securities shortlisted in Long – Term ASM Framework Stage : WOCKPHARMA
- List of securities shortlisted in Short – Term ASM Framework Stage: Aditya Infotech, Kernex Microsystems, V Marc, Yasho Industries
- List of securities to be excluded from ASM Framework: Shaily Engineering Plastics, Wockhardt, KDDL
F&O Cues
- Nifty June futures is up 0.61% to 23,605 at a premium of 121 points.
- Nifty Options 9th June Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,300
- Securities in ban period: AMBER, KAYNES
Photo Credit: NDTV Profit
Photo Credit: NDTV Profit
Currency Recap
The rupee weakened by 10 paise to settle at 95.29 against the US dollar on Tuesday, pressured by a rise in global crude oil prices and a stronger greenback amid heightened safe-haven demand.
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