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Stock market live updates: Tracking weak global handover, the SGX Nifty, on Tuesday, indicated a subdued start as it quoted 18,694 levels, down 31-odd points

sensex, BSE

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	<strong>Stock Market Highlights:</strong> Benchmarks stayed in the red zone for better part of the day on Tuesday, bogged down by information technology (IT) shares. However, staging a smart rebound in the last few minutes, the S&P BSE Sensex settled 5 points higher at 62,793, while the Nifty50 saw gains of 5 points at 18,599.</div>
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	Tech M, Infosys, TCS, HCL Tech, and Wipro fell between 1 and 2 per cent, while ONGC, Hindalco, Coal India, ICICI Bank, Nestle India, Bharti Airtel, and HDFC twins slipped up to 1 per cent.&nbsp;</div>
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	Kotak Bank, Axis Bank, Maruti Suzuki, Tata Motors, and ITC, up between 0.5 per cent and 2 per cent, led the recovery.</div>
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	The broader markets, however, saw decent gains with the BSE MidCap and SmallCap indices advancing 0.29 per cent and 0.42 per cent, respectively.</div>
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	<strong>IPO Mart :: IKIO Lighting</strong></div>
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	The three-day issue of IKIO Lighting sailed through on the first day itself. The non-institutional investors&#39; (NII) portion was subscribed nearly 2 times till 3:30 PM, followed by retail quota (1.35x), and QIB (29 per cent).&nbsp;</div>

Stock market live updates | June 06, 2023: Tracking weak global handover, the SGX Nifty, on Tuesday, indicated a subdued start as it quoted 18,694 levels, down 31-odd points | Business Standard

Stock Market LIVE today | June 06, 2023 | Business Standard: Sensex, Nifty, US markets, Rupee, FII, DII, Crude oil

Business Standard

Stock Market LIVE today | June 06, 2023 | Business Standard: Sensex, Nifty, US markets, Rupee, FII, DII, Crude oil | News on Markets - Business Standard

US markets inch lower on Monday: Dow slips 200 pts

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Good morning readers! Stay tuned for market live updates with Business Standard

Stay tuned for market live updates with Business Standard

Cement shares rally; UltraTech hits 52-week high, Ambuja gains 4%

Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency. <a href="https://www.business-standard.com/markets/news/cement-shares-in-focus-ultratech-hits-52-week-high-ambuja-surges-4-123060600252_1.html?1686028549" target="_blank"><strong>READ MORE</strong></a><br />
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HBL Power rallies over 12%; hits record high on huge volumes

HBL Power Systems (HBL) rallied over 12 per cent to Rs 135.60 on the back of heavy volumes. A combined 20 million equity shares, representing 6.9 per cent of total equity of HBL Power, had changed hands on the NSE and BSE today. <a href="https://www.business-standard.com/markets/news/hbl-power-rallies-10-hits-record-high-after-nearly-7-equity-change-hands-123060600542_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Maan Aluminium hits 20% upper circuit on bonus issue, stock split plan

Shares of Maan Aluminium zoomed 20 per cent to Rs 298.95, hitting 52-week high on the BSE after the company announced its board will meet on Friday, June 9, to consider bonus issue and stock split plan. <a href="https://www.business-standard.com/markets/news/maan-aluminium-zooms-19-on-bonus-issue-stock-split-plan-123060600444_1.html?1686038598" target="_blank"><strong>READ MORE</strong></a><br />
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Nifty IT index cracks 1.8%; Persistent Systems, CoForge, MphasiS fall around 4%

CLOSING BELL:: S&P BSE Sensex ends flat at 62,793; recovers nearly 250 pts from the day's low

IPO ALERT:: IKIO Lighting IPO sails through on Day 1; retail portion fully subscribed

IKIO Lighting IPO was fully subscribed as of 3 PM on Day 1 of the offer period. The retail portion was subscribed 1.2 timex, while the non institutional investors portion was subscribed up to 1.6 times.&nbsp;<br />
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	<img align="left" alt="chart" class="imgCont" height="461" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/06/full/1686044311-2326.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="601" /></div>
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Maan Aluminium zooms 19% on bonus issue, stock split plan

Shares of Maan Aluminium zoomed 19 per cent to Rs 296.60, hitting 52-week high on the BSE in Tuesday&#39;s intra-day trade, in an otherwise weak market after the company announced its board will meet on Friday, June 9, to consider bonus issue and stock split plan. <a href="https://www.business-standard.com/markets/news/maan-aluminium-zooms-19-on-bonus-issue-stock-split-plan-123060600444_1.html?1686038598" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Aluminium" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/13/full/1631515910-5073.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Aluminium" width="620" /></div>

Force Motors gains 4% to hit a new high on healthy May sales numbers

The company&rsquo;s exports sales nearly-doubled on a MoM basis at 491 units in May month, against 166 units sold in export market during last month. On YoY basis, export sales grew 54.8 per cent from 317 units sold in May 2022. The company&rsquo;s domestic sales were up 14.8 per cent MoM and 26 per cent YoY at 2,154 units. <a href="https://www.business-standard.com/markets/news/force-motors-gains-4-hits-new-high-on-healthy-may-sales-numbers-123060600360_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/15/full/1631690389-8639.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Capacite Infra surges 51% in 1 month on improved operational performance

CIL is a fast-growing construction company providing end-to-end services for residential, commercial, and Institutional building with a presence in Mumbai Metropolitan Region (MMR), Gandhinagar, Pune, Goa, Chennai, National Capital Region (NCR), Kochi, Hyderabad, and Bengaluru. <a href="https://www.business-standard.com/markets/news/capacite-infra-surges-51-in-1-month-on-improved-operational-performance-123060600286_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/29/full/1682748089-0587.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="" /></div>
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Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%

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	Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings. <a href="https://www.business-standard.com/markets/news/cement-shares-in-focus-ultratech-hits-52-week-high-ambuja-surges-4-123060600252_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="A Kolkata-registered company, SMPL owns limestone reserves, a key cement input, in Madhya Pradesh and is planning to come up with a cement unit there" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/28/full/1666978698-0552.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance

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	In its complaint, the SEC alleged that Binance and Zhao had &quot;free reign&quot; over billions of dollars of crypto assets from the US. <a href="https://www.business-standard.com/markets/cryptocurrency/crypto-market-cracks-5-bitcoin-at-3-month-low-after-us-sec-sues-binance-123060600191_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Binance" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/04/full/1675478475-1159.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

Mazagaon Dock extends rally to 8th straight day; zooms 27% in two days

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	Going ahead, analysts at ICICI Securities perceive peak execution through to FY25E based on the current orderbook visibility. <a href="https://www.business-standard.com/markets/news/mazagaon-dock-extends-rally-to-8th-straight-day-zooms-27-in-two-days-123060600207_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Mazagaon Dock trades higher for 8th straight day; zooms 27% in 2 days" src="https://bsmedia.business-standard.com/_media/bs/img/article/2012-12/18/full/1355840404-7536.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

ALERT: Bank Nifty F&O contracts to expire on Fridays starting July 7

Change of Bank Nifty Futures and Options expiry day from existing Thursday to Friday. <a href="https://archives.nseindia.com/content/circulars/FAOP56967.pdf" rel="nofollow" target="_blank"><strong>READ NSE CIRCULAR</strong></a><br />

Adani Ent, Ultratech, Tata Motors lead gains on Nifty 50

HEATMAP: IT stocks drag Sensex; Bajaj Finserv top gainer

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OPENING BELL: Nifty unchanged around 18,600

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OPENING BELL: Sensex opens flat with fractional downtick

WATCH VIDEO | Should you buy defensives in a range-bound market?

Equity markets continue to face volatility as fears of a global slowdown have kept investors on the edge. So, should investors play it safe and stick to defensive themes amid current uncertainty?<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="460" scrolling="no" src="https://www.youtube.com/embed/nJi98lNHM-w" title="Should you buy defensives in a range-bound market?" width="600"></iframe>

Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass

Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate&#39;s listed firms. <a href="https://www.business-standard.com/markets/news/top-stocks-to-watch-today-june-6-adani-group-sbi-maruti-titan-spicejet-godrej-maruti-jk-cementhul-sejal-glass-123060600115_1.html?1686021664" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="market, stocks, stock market trading, stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390752-4582620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="market, stocks, stock market trading, stock market" /></div>
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Plutus Wealth acquires MTAR Technologies' shares for Rs 247 crore

According to the bulk deal data available with the BSE, Plutus bought 13,15,000 shares of MTAR Technologies. <a href="https://www.business-standard.com/companies/news/plutus-wealth-acquires-mtar-technologies-shares-for-rs-247-crore-123060501095_1.html?1686021499" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="market, stocks, stock market trading, stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390715-4232620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="market, stocks, stock market trading, stock market" /></div>
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Byju's announces plans for Aakash IPO in 2024 amid funding crunch

<div style="float: left; max-width: 600px;">
	Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm. <a href="https://www.business-standard.com/markets/ipo/edtech-giant-byju-s-to-list-subsidiary-aakash-education-by-mid-2024-123060500551_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<img align="" alt="Byju's" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-07/26/full/1627288451-458.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Byju's" width="620" /></div>
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Should you subscribe to IKIO Lighting IPO? Here's what brokerages suggest

The Noida-based company is likely to debut bourses on June 16, and join listed peers Dixon Technologies, Amber Enterprises, Syrma SGS, and Elin Electronics. <a href="https://www.business-standard.com/markets/ipo/should-you-subscribe-to-ikio-lighting-ipo-here-s-what-brokerages-suggest-123060600124_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="initial public offerings" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/29/full/1632858985-0659.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="initial public offerings" width="620" /></div>
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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. <a href="https://www.business-standard.com/companies/news/listed-companies-garner-rs-63-300-crore-from-equity-debt-in-april-123060501087_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="market, stocks, stock market trading, stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390510-62072620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="market, stocks, stock market trading, stock market" /></div>
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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. <a href="https://www.business-standard.com/markets/news/sell-nifty-pvt-bank-on-rally-nifty-psb-to-see-profit-booking-below-4-050-123060600098_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="market, stocks, stock market trading, stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390632-5682620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="market, stocks, stock market trading, stock market" /></div>
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DIIs bought equities worth Rs 1,196 on Monday, June 5

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

SGX Nifty signals a subdued start to trade

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US dollar index falls after weak services report in May

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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. <a href="https://www.business-standard.com/markets/cryptocurrency/us-sec-sues-binance-founder-zhao-alleging-securities-law-violations-123060501089_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Changpeng Zhao, CEO, Binance Holdings Ltd" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/27/full/1679939860-7127.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Changpeng Zhao, CEO, Binance Holdings Ltd" /></div>
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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. <a href="https://www.business-standard.com/india-news/saudi-arabia-raises-july-flagship-crude-price-for-asia-to-6-month-high-123060501084_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="crude oil" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-02/06/full/1644169645-115.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="crude oil" width="620" /></div>
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Unilever declines 0.4% as company seeks to replace board chair

&gt;&gt;&nbsp;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. <a href="https://www.business-standard.com/companies/news/unilever-hunts-for-new-chair-after-botched-takeover-investor-rows-123060501205_1.html" target="_blank"><strong>READ MORE</strong></a>

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Australian shares skid ahead of central bank decision

&gt;&gt; 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.<br />

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Asia-Pacific markets on a slippery slope this morning

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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

US markets inch lower on Monday: Dow slips 200 pts

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