Stock Market Highlights, June 5: Sensex soars 2,303 pts, Nifty tops 22,600 on Modi 3.0 hopes

Stock Market Highlights on June 5, 2024: The broader markets outperformed the benchmarks with the BSE MidCap, and SmallCap indices rising 4 per cent and 2.9 per cent, respectively

2:32 PM

Tata Motors shares soar 3% on strong May JLR UK sales; up 28% in 6 months

Tata Motors' May JLR UK sales zoomed 29 per cent on a year-on-year (Y-o-Y) basis to 6,093 units, as opposed to 4,732 units in May last year. READ MORE

2:21 PM

Weak majority for BJP poses challenges to reform agenda, says Fitch

The BJP losing its outright majority and relying on allies to form a government could pose challenges for the more ambitious elements of reform agenda like land and labour, Fitch Ratings said in a note on Wednesday. READ MORE

2:10 PM

ALERT:: Sensex reclaims 74,000-mark, up 2,000 points led by auto, FMCG and metal shares

2:03 PM

Auto shares rally up to 9%; Bajaj, Hero MotoCorp, M&M, TVS hit record highs

Auto stocks today: Shares of automobiles companies were on a roll on Wednesday, with BSE Auto index surging 4 per cent and hitting a record high of 54,789.88, in the intraday trade on higher demand. For the financial year 2024-25 (FY25), analysts expect the growth trajectory to be led by the 2-wheeler (2-W) space. READ MORE

1:52 PM

'Modi premium' in financial markets set to erode post weak victory

Indian voters' tepid endorsement of Prime Minister Narendra Modi leaves a weakened mandate for business-friendly reforms and has foreign money managers thinking twice about unleashing another wave of investment in the world's fastest-growing economy. READ MORE

1:42 PM

KEC International share price rallies 7% on Rs 1,000-crore order win

KEC International share zooms: Shares of construction engineering company KEC International climbed as much as 6.50 per cent to hit an intraday high of Rs 742.80 per share on Wednesday.  READ MORE

1:31 PM

Sensex stages recovery, climbs 1,772 points intraday; check reasons here

The recovery came after the ruling Bhartiya Janata Party (BJP) looked firm in securing support from its allies to form a coalitition government. READ MORE

1:20 PM

LS Polls: Correction in mid, smallcap stocks may not be over, warn analysts

Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term. READ MORE

1:12 PM

Explained: What is pump and dump scheme in stock market and how to be safe

The pump and dump schemes are operated through recommendations shared through Telegram and other social media channels, resulting in public shareholders purchasing the stock at an inflated price. READ MORE

1:01 PM

BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%

Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict. READ MORE

12:54 PM

ALERT :: PM Modi may take oath for his third term on June 8, say TV reports

12:47 PM

Sensex, Nifty rout: From FDs to InvITs, here're low-risk investment options

On Tuesday, investors saw a dramatic drop in their wealth, with stocks nosediving by Rs 39 trillion amid Lok Sabha election results 2024 concerns. The Sensex plummeted nearly 6,100 points to settle at 70,234 points, while the Nifty50 fell below the 21,300 mark during intra-day trading. READ MORE

12:37 PM

GPT Infraprojects rises 5% on securing order worth Rs 547 cr from RVNL

The surge came after the company secured an order worth Rs 547 crore from Rail Vikas Nigam Limited (RVNL) READ MORE

12:25 PM

Ab ki baar NDA Sarkar? Analysts eye stable govt, but back 'defensive' bets

Stock market strategy: Considering that the NDA forms the government, analysts believe it will pursue a balanced economic growth model, giving equal emphasis on investment and consumption growth. READ MORE

12:13 PM

India aviation industry losses to widen to $400-600 mn in FY25: CAPA India

Despite infrastructure limitations, India is currently the world's fastest-growing aviation market with demand surpassing the supply of jets. READ MORE