Sensex, Nifty stage smart recovery in fag-end; IT stocks weak, auto rally

CLOSING BELL, JUNE 6, 2023: IKIO Lighting IPO sailed through on the first day itself with 1.2 times subscription till 3:30 PM

8:25 AM

Listed companies garner Rs 63,300-crore from equity, debt in April

Within the equity segment, funds mostly came from preferential allotment of equity shares with companies raising Rs 4,835 crore through the route. READ MORE

8:20 AM

Sell Nifty Pvt Bank on rally; Nifty PSB to see profit booking below 4,050

A close below 4,050 in the Nifty PSU Bank index would likely attract profit booking in the near term, says Ravi Nathani, an independent technical analyst. READ MORE

8:13 AM

DIIs bought equities worth Rs 1,196 on Monday, June 5

8:10 AM

FIIs sold equities worth Rs 701 crore on Monday, June 5

8:07 AM

SGX Nifty signals a subdued start to trade

7:59 AM

Hong Kong markets extends advance to third straight day

7:53 AM

US dollar index falls after weak services report in May

7:47 AM

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls. READ MORE

7:45 AM

Saudi Arabia raises July flagship crude price for Asia to 6-month high

The official selling price (OSP) for July-loading Arab Light to Asia was increased by 45 cents a barrel from June to $3.00 a barrel over Oman/Dubai quotes. READ MORE

7:41 AM

Apple shares hit all-time high ahead of Worldwide Developers Conference '23

Apple shares hit a record high for first time in 17 months on Monday, ahead of an annual software developer conference, although their market value remained short of an all-time peak of $3 trillion. READ MORE

7:38 AM

Open to 'extremely important' dialogue with US on arms control: Russia

"We hope that it will be supported by actual steps through diplomatic channels. And then it will be possible to consider the proposed formats of dialogue," said Kremlin. READ MORE

7:34 AM

Unilever declines 0.4% as company seeks to replace board chair

>> Unilever Plc has is seeking a new board chair to replace Nils Andersen, continuing an overhaul of its leadership after a series of missteps in recent years frustrated shareholders. READ MORE

7:28 AM

Australian shares skid ahead of central bank decision

>> Economists are split between a rate hike or pause by the Reserve Bank of Australia. While a Reuters poll estimates the central bank to keep its key interest rate unchanged at 3.85 per cent, analysts at Bloomberg expect a 25 basis point hike.

7:22 AM

Brent Crude, WTI Crude decline 0.5% each

source: oilprice.com

7:19 AM

Asia-Pacific markets on a slippery slope this morning