Here are key stocks that moved the most on June 8

From Piramal Enterprises to UCO Bank, here are the top stocks that moved the most in trade today.Get latest Market online at cnbctv18.com

Jun 8, 2021 3:59 PM

Market At Close | IT stocks support market with Nifty IT rising over 1%.

Jun 8, 2021 3:58 PM

Market At Close | Market breadth favours advances with advance-decline ratio at 5:4

Jun 8, 2021 3:58 PM

Market At Close | Sensex & Nifty recover to close flat; Banks underperform. Midcaps outperform frontliners with Midcap index up 0.6%

Jun 8, 2021 3:58 PM

Market At Close | Here are the highlights from today’s trading session

- Sensex & Nifty Recover To Close Flat; Banks Underperform

- Midcaps Outperform Frontliners With Midcap Index Up 0.6%

- Nifty Slips 12 Points To 15,740 & Sensex 53 Points To 52,276

- Nifty Bank Falls 358 Pts To 35,086 While Midcap Index Gains 161 Pts To 27,043

- IT Stocks Support Market With Nifty IT Rising Over 1%

- Metals Remain Under Pressure; Hindalco, Tata Steel, JSW Top Losers

- Kotak Bank, HDFC, SBI, HDFC Bank Top Losers From Financials Space

- Piramal Ent Rises Over 10% After Citi Raises Tgt To `2,260

- Adani Power Continues The Gaining Momentum, Closes At Upper Circuit

- Petronet LNG & Bata Close With Minor Cuts Ahead Of Q4 Earnings

- Market Breadth Favours Advances With Advance-Decline Ratio At 5:4

Jun 8, 2021 3:43 PM

Closing Bell | Indian benchmark equity indices ended marginally lower on Tuesday dragged by losses in banking and metal stocks amid mixed global cues. The Sensex fell 52.94 points, or 0.10 percent, to 52,275.57, while the Nifty ended 11.55 points, or 0.07 percent lower at 15,740.10. Broader markets outperformed the benchmarks as the Nifty Midcap100 and Nifty Smallcap100 closed over half a percent higher each.

Among sectoral indices, the Nifty Metal and Nifty PSU Bank fell over 1 percent each, while IT, pharma, auto, FMCG and realty sectors ended in the green. On the Nifty50 index, Hindalco Industries, Tata Steel, JSW Steel, Kotak Mahindra Bank and HDFC led the losses, while Tata Motors, Tech Mahindra, Bharti Airtel, IOC and HCL Technologies were the top gainers.

Jun 8, 2021 3:37 PM

Birlasoft | The company has partnered with Regulativ.ai, to co-develop a new AI/ML-based cyber-regulatory reporting platform. The company believes that the Regulativ.ai platform fits well with its focus to grow the banking, financial services, and insurance segments, where cybersecurity is a key focus. In addition, as organizations across other regulated industries accelerate their digital transformation, cybersecurity becomes fundamental for future business resiliency. The stock price of Birlasoft rallied over 12 percent to hit a fresh 52-week high of Rs 384.90 apiece on the BSE.

Jun 8, 2021 3:25 PM

COVID curbs impact private insurers premium collection in May

Private insurers feel the pain as COVID restrictions have impacted collections in May. The clear trend among private life insurers is that MoM there has been a significant drop in the premium…

Jun 8, 2021 3:18 PM

CONCOR in talks with Indian Railways for 35-year lease agreement

Container Corporation of India (CONCOR) is working on a 35-year lease agreement with Indian Railways, V Kalyana Rama, CMD of the company, said on June 8. “We have not yet signed the agreement, the work is in progress. We are very hopeful that these things will happen,” he told CNBC-TV18 in an interview. The company intends to take the upfront loan amounting to Rs 3,500 crore for the lease with Railways. “When we do this as a corporate governance practice, we will inform the stock exchange and the investors that we are exploring the possibility,” he said. Read here.

Jun 8, 2021 3:09 PM

Jun 8, 2021 2:57 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

While the markets are facing resistance at higher levels, it has good support at 15,600 and as long as that is holding on a closing basis, the market trend remains bullish. Any intraday drop or correction can be utilized by traders to accumulate long positions on the index. 15,900-16,000 is a prospective target for the Nifty.

Jun 8, 2021 2:53 PM

Yash Gupta Equity Research Associate, Angel Broking

Shyam Metalic IPO is set to open on 14th June 2021. Earlier it was announced that the IPO size would be Rs 1,109 crore comprising fresh issue of Rs 657 crore and Rs 452 crore of offer for sale by promoters/shareholders. There has been a reduction in IPO size to Rs 909 crore in which offer for sale by promoter group has been reduced from Rs 452 crore to Rs 252 crore. Comfortable liquidity position at promoter group level has been cited as the reason for the same. Additionally, favourable outlook for the industry might have compelled them to lower the offer the sale portion of the issue. We do not believe that this would have any negative implications for the issue. Looking at the rally in steel stocks and the company’s clean Balance Sheet, we have a positive outlook for the Shyam Metalic IPO.

Jun 8, 2021 2:44 PM

Find out why Macrotech Developers is buzzing in trade

Macrotech developers is buzzing in trade on the back of inter se promoter transfer.Get latest Business online at cnbctv18.com

Jun 8, 2021 2:35 PM

Market Strategy: IIFL shares aggressive, moderate, and conservative portfolios

Indian indices have defied COVID-19 odds hitting multiple record highs in the recent sessions, ignoring the economic impact of the severe second wave of the pandemic. The investor sentiment also benefited from the upward movement of global peers buoyed by the recovery in the US economy. Back home, mid-cap and small-cap indices outperformed frontline indexes led by very strong interest among retail investors in the broader markets. Sharing its market strategy in a recent note, IIFL Securities has advised stock investors to pick select companies with strong fundamentals and a stable growth outlook. "As the current valuations are quite expensive, a risk-based asset allocation strategy can mitigate the risk that may arise due to the disconnect between pandemic’s impact and market movements," it said in the note. Read here.

Jun 8, 2021 2:27 PM

Exclusive: Here's full list of 22 bad loans identified by banks for transfer to National ARC

Banks have identified Rs 82,496 crore worth of bad loans that could be transferred to the proposed National Asset Reconstruction Company (NARCL) in the first phase, CNBC-TV18 has learnt. These are across 22 large accounts, which have been 100 percent provided for by banks. Read full report here.

Jun 8, 2021 2:19 PM

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