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Jun 3, 2021 4:37 PM

Ajit Mishra, VP - Research, Religare Broking

Markets resumed the uptrend after the minor pause and gained over half a percent, tracking firm global cues. All eyes would be RBI monetary policy tomorrow i.e. June 4 wherein the majority expect status quo on key rates. However, their commentary on growth and inflation would be closely watched by the participants. We may see volatile swings during the day so traders should plan their trades accordingly.

Jun 3, 2021 4:34 PM

Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking

The domestic currency gained by more than two percent in May amid ample liquidity, dollar weakness and ‘risk-on sentiments in the global markets, largely overlooking the economic woes caused by the second wave of the pandemic back home. Despite the sharp appreciation witnessed last month, the Indian rupee could not surpass the invincible 72.20 mark, a level which was last seen in March 2021 and has reversed course from the vicinity of that crucial hurdle area. The recent weakness has been triggered primarily due to concerns about soaring crude oil prices wherein they are hovering at their highest since Oct 2018, amid a continuously improving fuel demand outlook.

The domestic currency has also reacted to subdued domestic equities and retreat witnessed in the greenback from four-month lows. Notwithstanding the hot inflation reading from the US, markets are now focused on the key jobs report for May which will provide cues about the health of the economy and influence the talk surrounding the taper of Fed’s bond-buying program. Furthermore, RBI monetary policy review will also be on the street's radar. Moving ahead, the rupee is likely to witness heightened volatility and is projected to trade in a band of 72.50-73.50 in the near term.

Jun 3, 2021 4:32 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty once again closed at a fresh record high on June 03 after opening with a gap-up. Sectoral rotation is back in focus. On Friday, weekend considerations could result in some profit-taking at these or higher levels. The outcome of RBI’s credit policy meet can impact Banking and other sectors though expectations are subdued therefrom. The advance-decline ratio continues to be very positive. 15,771-15,598 could be the band for the Nifty in the near term.

Jun 3, 2021 4:12 PM

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

The Nifty has closed closer to 15,700 and should now be headed to 15,900-16,000 as the next potential target. There are multiple levels which are supporting the index during intraday falls. Today when the index slipped a little, it took good support around 15,600 and bounced from there. 15,500, 15,400, and 15,300 are the other levels of support, the most crucial being 15,300. As long as the markets can hold on to that level, the overall trend remains bullish and traders can accumulate long positions around these support zones.

Jun 3, 2021 3:59 PM

Here are key stocks that moved the most on June 3

The Sensex ended 383 points higher at a new closing high of 52,232 while the Nifty rose 114 points to its fresh closing high of 15,690. Get latest Market online at cnbctv18.com

Jun 3, 2021 3:57 PM

Rupee At Close | The Indian rupee at day’s high at 72.91 per dollar, amid buying in the domestic equity market. The local currency opened 8 paise lower at 73.16 per dollar against the previous close of 73.08 and traded in the range of 72.90-73.18.

Jun 3, 2021 3:54 PM

Market At Close | Market breadth favours advances; Advance-Decline ratio at 5:2

Jun 3, 2021 3:53 PM

Market At Close | Titan top Nifty gainer with a move of over 6% on unlock theme. ONGC continues to move higher on rising crude prices, up 4%

Jun 3, 2021 3:53 PM

Market At Close | Sensex, Nifty & Midcap index post record closing highs.

Jun 3, 2021 3:53 PM

Jun 3, 2021 3:50 PM

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

- Sensex, Nifty & Midcap Index Post Record Closing Highs

- Frontline Indices Gain Nearly 1% Each On Weekly Expiry Day

- Sensex Rises 383 Points To 52,232 & Nifty 114 Points To 15,690

- Nifty Bank Gains 275 Pts To 35,649 & Midcap Index 245 Pts To 26,363

- Ttitan Top Nifty Gainer With A Move Of Over 6% On Unlock Theme

- ONGC Continues To Move Higher On Rising Crude Prices, Up 4%

- IndusInd Bank Ends In The Red, But Is 4% Off Intra-day low

- Adani Shares Continue To Move Higher; Adani Ports Up 1.6%, Adani Ent Up 3%

- Muthoot Fin Gains For 2nd Straight Day On Strong Q4, Up 19% This Week

- Reliance Ind Ends Higher But Off Highs After AGM Outcome

- Voltas, Voda Idea, Escorts, Apollo Hosp, Jubilant Food Top Midcap Gainers

- Market Breadth Favours Advances; Advance-Decline Ratio At 5:2

Jun 3, 2021 3:43 PM

Closing Bell | The Indian equity benchmark indices ended at a record closing high Thursday led by strong gains in financial and metals stocks amid positive global cues. The Sensex surged 382.95 points, or 0.74 percent to close at 52,232.43, while the Nifty ended at a record 15,690.35, up 114.15 points, or 0.73 percent. The broader markets supported the rally with the Nifty Midcap100 gaining 0.94 percent and Nifty Smallcap100 rising 1.21 percent. The Midcap index also posted a record close for the day.

Barring Nifty Pharma, all other sectoral indices ended in the green led by realty, private bank, financial services, realty and media. On the Nifty50 index, Titan Company, ONGC, Eicher Motors, L&T and Axis Bank were the top gainers while IndusInd Bank, Wipro, Dr Reddy's Laboratories, Tata Steel and Bajaj Auto led the losses.

Jun 3, 2021 3:39 PM

Market Watch: Deven Choksey of KRChoksey

The commercial vehicle is one area where you are likely to see larger growth with the unlocking situation becoming more real now. Therefore, companies with commercial vehicle portfolio like Tata Motors, Ashok Leyland and Eicher Motors will be the companies to watch out for from an investment point of view. It is safe to stay with large players like Bajaj Finance and if one wants to stay in a particular asset class then real estate will be a better choice in the NBFC category. So likes of HDFC or Bajaj Finance will be a relatively better choice for investing in the NBFC sector vis-à-vis Muthoot Finance kind of gold finance companies.

Jun 3, 2021 3:30 PM

Jun 3, 2021 3:28 PM

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