Sensex gains 879 pts as lockdown measures ease, Nifty PSU Bank jumps 7.6%

All that happened in the markets today

8:58 AM

Stock picks by Angel Broking

Nifty reclaims 9,500, a sigh of relief for bulls

 

Although the week started on a sluggish note after an extended weekend, our markets saw good buying interest throughout the remaining part of the week. Till last week, we were considerably underperforming global bourses, but with this smart rally, we finally got coupled with global peers. Month-on-month, we might see the index ending lower but looking at the intra-month activity, the Nifty managed to conclude the May month at the highest (on a closing basis). READ MORE

8:56 AM

Stocks to watch: YES Bank, HCL Tech, IDBI Bank, aviation, Dilip Buildcon

Here's a list of stocks that may remain in focus today -

 

IndiGo, SpiceJet: Jet Fuel (ATF) price has been increased by Rs 11,030.62 to Rs 33,575.37/kL in Delhi.

 

Earnings today: As many as 14 companies, including V-Guard Industries, are scheduled to release their March quarter earnings later in the day. READ MORE

 

8:53 AM

NEWS ALERT :: Jet Fuel (ATF) price hiked by Rs 11,030.62 to Rs 33,575.37/kL in Delhi

(Via CNBC TV18)

8:51 AM

BROKERAGE VIEW :: Credit Suisse on Lupin

Downgrades from 'Outperform' to 'Neutral'; Revised target price: Rs 820 from Rs 690

>> Market is overestimating peak sales of Albuterol Inhaler

>> Levothyroxine and Albuterol account for 30% of FY22 profit estimate

>> Raise FY21/22 EPS estimates by 20%/20% due to lower solosec spend, and tax guidance 

8:46 AM

BROKERAGE VIEW :: Credit Suisse on Concor

Upgrades from 'Underperform' to 'Outperform'; Target price: Rs 475

>> Stock has corrected 40% from peak levels

>> Potential upside seen from DFCC

>> Confidence from volume contibution of 50%

>> Valuation reasonable at current levels

8:41 AM

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

BUY HIND UNILEVER | CMP: Rs 2057 | TARGET: Rs 2200-2250 | STOP LOSS: Rs 1980

 

The stock has maintained a strong base near 1970-1980 levels and has picked up momentum improving the bias and also the RSI indicator has indicated a trend reversal from the oversold zone and has signaled a buy. We anticipate further upward rise in the coming days and we suggest to buy and accumulate this stock for the positional target of Rs 2200-2250, keeping the stop loss near Rs 1980 levels. READ MORE

8:39 AM

Top stock picks by CapitalVia Global Research

As per the weekly option data, handful of put writing on higher strikes ranging from 9,200 to 9,500 is seen which shows Nifty would witness support in subzone of 9,300 zone. The level of 9,200 will act as support as maximum put open interest (OI) is placed here. But, the index is likely to face stiff resistance at 9,500 as maximum call OI is placed here. We can witness weakness only if Nifty breaks level of 9,200. Therefore, traders should try to create long position keeping close eye on 9,200, as it might act as a base for weekly expiry. READ MORE

8:36 AM

Bulk deals on BSE as on Friday

Click here for complete list

8:34 AM

Bulk deals on NSE as on Friday

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8:29 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:27 AM

Rupee check

Source: Bloomberg

8:25 AM

Oil check

>> Oil prices eased on worries about US demand, but found some support from reports Russia had no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week.

 

>> Brent crude futures were off 25 cents at $37.59 a barrel, while US crude dipped 22 cents to $35.27.

(Via Reuters)

8:24 AM

SGX Nifty indicates positive start for indices

>> At 8:22 am, the index was at 9,664 level, up 181.75 points or 1.92 per cent.

8:20 AM

Asia stocks prove resilient to US riots as S&P futures bounce

Source: Reuters

8:19 AM

Wall Street ends mostly higher as US-China spat simmers

Source: Reuters