Stock Market Today : Everything you know before trading on June 03
Stock market headlines, Stocks in the news full trading setups, and additional insights.
Stock Market Closing
Stock market just can’t catch a break lately. For the second day in a row, the main indices took a hit—thanks a lot, HDFC Bank and Reliance Industries.
NSE Nifty 50 had slipped 34.1 points, closing at 24,716.6. The BSE Sensex didn’t fare much better, dropping 77.26 points to close at 81,373.75. Basically, not the most exciting day for anyone hoping for a market rally.
FPIs and DIIs Actions
Foreign Portfolio Investors: Still Selling
- For the 2nd consecutive day, foreign investors are selling Indian stocks
- Total value sold: Rs 2,589 crore (give or take, that’s a hefty chunk)
- Basically, they’re still not feeling it
Domestic Institutional Investors: Buying Spree Continues
- Local institutional buyers aren’t slowing down
- Tenth session in a row as net buyers (yeah, ten!)
- Amount bought: Rs 5,313 crore
Stocks In the News
Maruti Suzuki India
– Cranked out 1.95 lakh vehicles in May.
– That’s a 1.4% bump from last year’s 1.93 lakh—so, a little growth, nothing wild.
Adani Enterprises
– The Wall Street Journal ran a story about Adani companies being mixed up with sanctioned Iranian LPG.
– Adani’s response? Adani says the claims “baseless and mischievous.”
– Basically, they’re saying they’re not involved, period.
Man Industries
– Man Industries Board approved raising up to Rs 300 crore
– Method: Preferential allotment
Grasim Industries
– Approved fund raising up to Rs 1,000 crore
– Method: NCDs via private placement
TVS Supply Chain
– Filed an appeal with the appellate tribunal
– Purpose: Challenging EPFO’s order on reassessment of dues
Reliance Infra
– Paid ₹92.68 crore to Dhursar Solar Power
– Payment relates to a claim for tariff under an energy purchase agreement
United Breweries
– Shutting down operations at the Mangalore brewery unit
ISGEC Heavy Engineering
– Got the go-ahead from the National Green Tribunal to restart operations at the Muzaffarnagar plant.
Frontier Springs
– Scored a contract worth Rs 92.6 crore.
– This contract order came from Rail Coach Factory, Kapurthala and Modern Coach Factory, Raebareli.
Jindal Stainless
– Buy 33.64% stake in Oyster Renewable’s 282 MW SPV. Pretty major step for them.
HCLTech
– Teamed up with UiPath to ramp up agentic automation for global businesses.
– Setup an AI lab with UiPath in India.
Sarda Energy & Minerals
– Got approval from the Chhattisgarh Environment Conservation Board to boost production capacity.
Star Cement
– One of their arms just started commercial production.
F&O Cues
Nifty May Futures
– Dropped 0.25%, now at 24,809
– Still holding a premium of 93 points over the index
– Open interest for May futures fell by 2.66%
Nifty Options (June 6 Expiry)
– Max call open interest: 26,000
– Max put open interest: 24,000
Securities in Ban Period
– Manappuram Finance (no new positions allowed)
Currency Update
The Indian rupee landed 19 paise stronger at 85.39 against US Dollar.
