Stock Market Live Updates 06 June 2024: Stock to buy today: United Spirits (₹1,299.55)

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 06 June 2024.

• June 06, 2024 08:42
  

  Stock market live updates: Silver gains to $30.55

  Silver rose as investors awaited U.S. nonfarm payrolls data, which might determine whether interest rates would be slashed faster than expected this year. In May, US private payrolls climbed less than predicted, while data from the previous month was revised lower. According to the CME FedWatch tool, traders presently believe there is a 70% chance of a rate drop in September. Meanwhile, the European Central Bank was almost set to drop interest rates from record highs and was expected to acknowledge progress in its fight against high inflation while emphasising that the war was far from done.

  Key economic data slated for release includes German Factory Orders m/m, ECB Policy Rate Meet from Euro Zone and Unemployment Claims, Revised Nonfarm Productivity q/q from US Zone.

• June 06, 2024 08:42
  

  Stock market live updates: Gold moves up to $2371

  Gold climbed beyond $2,360 as recent US economic data bolstered betting that the Fed had leeway to lower rates this year. ADP data showed that US private payrolls increased less than expected in May, while the prior month’s data was revised downward, reflecting a lacklustre but strong labour market. According to the CME FedWatch Tool, markets now expect the Fed to lower interest rates twice this year, with investors pricing in a 70% possibility in September. Meanwhile, the Bank of Canada dropped its benchmark policy rate on Wednesday, the first fall in four years, and the European Central Bank is anticipated to follow suit later today.

  Key economic data slated for release includes German Factory Orders m/m, ECB Policy Rate Meet from Euro Zone and Unemployment Claims, Revised Nonfarm Productivity q/q from US Zone.

• June 06, 2024 08:42
  

  Stock market live updates: Dividend Dates

  Ex-Dividend 7 June 2024 (Tomorrow)

  Last date for Cum-Dividend Today

  Home First Finance Company India Ltd

  Dividend Per Share Rs.3.4

  Previous day Closing Price – Rs. 810.95

  Himadri Speciality Chemical Ltd

  Dividend Per Share Rs.0.5

  Previous day Closing Price – Rs. 324.45

  ICICI Lombard General Insurance Company Ltd

  Dividend Per Share Rs.6

  Previous day Closing Price – Rs. 1631

  Indian Hotels Co. Ltd.

  Dividend Per Share Rs.1.75

  Previous day Closing Price – Rs. 572.85

  Indian Bank

  Dividend Per Share Rs.12

  Previous day Closing Price – Rs. 524.45

  JM Financial Ltd.-$

  Dividend Per Share Rs.2

  Previous day Closing Price – Rs. 76.89

  Richfield Financial Services Ltd

  Dividend Per Share Rs.0.8

  Previous day Closing Price – Rs. 74.81

  SMC Global Securities Ltd

  Dividend Per Share Rs.1.2

  Previous day Closing Price – Rs. 159.35

  Uno Minda Ltd-$

  Dividend Per Share Rs.1.35

  Previous day Closing Price – Rs. 862.65

• June 06, 2024 08:40
  

  Stock market live updates: Stocks that will see action today (June 6, 2024)

  Bharat Heavy Electrical Ltd (BHEL) has won an order worth more than ₹3,500 crore from Adani Power to set up a 2X800 MW Thermal Power Project at Raipur in Chhattisgarh. Additionally, the company has also won an order worth over ₹3,500 crore from Mirzapur Thermal Energy (UP) for a 2×800 MW Thermal Power Project at Mirzapur Phase I. Read more

• June 06, 2024 08:16
  

  Stock market live updates: Dividend Dates

  Ex-Dividend 7 June 2024 (Tomorrow)

  Last date for Cum-Dividend Today

  Home First Finance Company India Ltd

  Dividend Per Share Rs.3.4

  Previous day Closing Price – Rs. 810.95

  Himadri Speciality Chemical Ltd

  Dividend Per Share Rs.0.5

  Previous day Closing Price – Rs. 324.45

  ICICI Lombard General Insurance Company Ltd

  Dividend Per Share Rs.6

  Previous day Closing Price – Rs. 1631

  Indian Hotels Co. Ltd.

  Dividend Per Share Rs.1.75

  Previous day Closing Price – Rs. 572.85

  Indian Bank

  Dividend Per Share Rs.12

  Previous day Closing Price – Rs. 524.45

  JM Financial Ltd.-$

  Dividend Per Share Rs.2

  Previous day Closing Price – Rs. 76.89

  Richfield Financial Services Ltd

  Dividend Per Share Rs.0.8

  Previous day Closing Price – Rs. 74.81

  SMC Global Securities Ltd

  Dividend Per Share Rs.1.2

  Previous day Closing Price – Rs. 159.35

  Uno Minda Ltd-$

  Dividend Per Share Rs.1.35

  Previous day Closing Price – Rs. 862.65

• June 06, 2024 07:30
  

  Stock market live updates: Stocks to Watch 

  RVNL: The company emerged as the lowest bidder for a project worth Rs 391 crore by Eastern Railway. 

  Torrent Pharmaceuticals: The company signed a non-exclusive patent pact with Takeda Pharmaceuticals to commercialise Vonoprazan in India.

  Intellect Design Arena: The company’s consumer banking unit announced the launch of the eMACH.ai Digital Engagement Platform (eMACH.ai DEP) at Money20/20 in Amsterdam. The platform offers a single origination platform for retail, SME and corporate entities and can co-exist with the older version.

  Indian Energy Exchange: The company reported a total monthly volume of 10,633 MU, up 29% YoY, and renewable energy certificate volumes up 640% YoY and the green market achieved growth of 74% YoY. 

  NBCC India: The company received 13 orders worth Rs 491 crore. 

  KPI Green Energy: The company received new orders for a 26.15 MW solar power plant under the Captive Power Producer Segment’s 

  Century Textiles and Industries: The company’s arm has entered a joint venture with Barmalt India for a luxury residential group housing development in Gurugram. The land

  parcel is spread across 13.27 acres with a development potential of approx. 2.4 million sq feet, offering a revenue potential of approx. Rs 5,000 crore. 

  Bharat Heavy Electricals: The company received an order worth Rs 3,500 crore from Adani Power for setting up a thermal power project in Chhattisgarh.

  Kalpataru Projects International: The company is considering raising funds on June 10 via the issuance of NCD on a private placement basis. 

  Sun Pharma Advanced Research Company: Chetan Rajpara has resigned from the post of CFO. 

  UNO Minda: The company is in a tech license pact with Lnovance for combined charging units and high-voltage EV products. 

  Hindustan Aeronautics: ISRO Chairman S. Somanath inaugurated state-of-the-art propellant tank production and computer numerical control machining facilities at the company’s Aerospace Division, boosting rocket manufacturing capacity. 

  Heritage Foods: The company has launched a new product, Laddus and Ice-Creams, in the Sweet and Ice-Cream category. 

  Sterlite Technologies: The company terminated Paul Atkinson, CEO of Optical Networking Business, on June 5 and hired MD Ankit Agarwal to take up the additional role of heading the optical networking business on his behalf. 

  Endurance Technologies: The company has appointed R. S. Raja Gopal Sastry as the Chief Financial Officer of the company. 

  Nazara Technologies: The company’s subsidiary Absolute Sports announced the acquisition of the US entertainment content website SoapCentral.com for an all-cash consideration of $1.4 million (Rs 11.6 crore).

  IPO Offering

  Kronox Lab Sciences: The public issue was subscribed to 118.22 times on day 3. The bids were led institutional investors (89.03 times), non-institutional investors (302.99 times), and retail investors (55.72 times). 

  Bulk Deals

  Bhagiradha Chemicals and Industries: Shantilal Shah Chetan sold 43.1 lakh shares (41.42%) at Rs 188.49 apiece, while Derive Trading and Resorts Private Limited bought 43.06 lakh shares (41.38%) at Rs 188.49 apiece. 

  Apollo Pipes: Meenakshi Gupta sold 9.8 lakh shares (2.49%) at Rs 647.05 apiece while Ohana India Growth Fund bought 7.72 lakh shares (1.96%) at Rs 647.05 apiece. 

  Shilpa Medicare: Plutus Wealth Management LLP bought 7.5 lakh shares (0.86%) at Rs 492.34 apiece. 

  Insider Trades 

  Som Distillers and Breweries: Promoter Jagdish Kumar Arora bought 25,000 shares on June 4.

  Usha Martin: Promoter Peterhouse Investments India sold 1,25,000 shares on June 3. 

  Seamec: Promoter HAL Offshore bought 53,719 shares Between June 3,4. 

  Mangalore Chemicals and Fertilizers: Promoter Zuari Agro Chemicals revoked a pledge for 1.05 crore shares. 

  Manappuram Finance: Promoter Nandakumar V P bought 1.5 lakh shares on June 4. 

  Paisalo Digital: Promoter Equilibrated Venture Cflow bought 11.25 lakh shares on June 4. 

  D B Corp: Promoter Girish Agarwal bought 1.47 lakh shares between May 30 to June 3, Promoter Sudhir Agarwal bought 1.61 lakh shares between May 30 and June 3, Promoter Pawan Agarwal bought 1.36 lakh shares between May 30 and June 3.

  Trading Tweaks 

  Price Band revised from 10% to 5%: Jai Prakash Associates. 

  Price Band revised from 20% to 10%: Heritage Foods. 

  Moved out of short-term Framework: Finolex Cables, Johnson Controls – Hitachi Air Conditioning India.

  F&O BAN

  1 ZEEL

• June 06, 2024 07:03
  

  Stock market live updates: Hindalco defers Novelis IPO: What should investors do now?

  Hindalco on Wednesday morning announced the postponement of Novelis IPO in the US citing ‘market conditions’. The company (Novelis) also mentioned that it will continue to evaluate the timing of the offer. Read more

• June 06, 2024 07:02
  

  Stock market live updates: Byju’s lenders petition to put subsidiaries in bankruptcy in the US

  Troubled edtech major Byju’s term-loan lenders have petitioned a bankruptcy court in Delaware against the companies’ subsidiaries — Epic, Tynker, and Osmo — seeking to initiate Chapter 11 bankruptcy proceedings. Read more

• June 06, 2024 07:00
  

  Stock market live updates: Fund Flow Activity: June 5, 2024 (Rs. In Crs)

  Turnover: (NSE + BSE)

  Cash Volume: 186799.85 + 21722.18 Total: 208522.03

  F&O Volume: 647137.62 + 209167.88 Total: 856305.5

  *Provisional Cash 

  FII/FPI: NET SELL: -5656.26 

  (21012.72 – 26668.98) 

  DII: NET BUY: +4555.08 

  (28615.23 – 24060.15)

• June 06, 2024 07:00
  

  Stock market live updates: Q4FY24 EARNING CALENDAR 06.06.2024: RCF

• June 06, 2024 06:59
  

  Stock market live updates: Birla Estates to develop housing project in Gurugram with revenue of ₹5,000 cr

  Birla Estates, the realty arm of Aditya Birla Group’s Century Textiles and Industries, will develop a 13.27-acre land parcel in Gurugram into a luxury housing project with a revenue potential of ₹5,000 crore. It has signed a joint venture agreement with Barmalt India for this. Read more

• June 06, 2024 06:58
  

  Stock market live updates: Sundaram Mutual launches business cycle fund

  Sundaram Mutual believes the froth in the market is yet to settle after the dramatic fall of 6 per cent post the unexpected election outcome and subsequent bounceback of 3 per cent on Wednesday. Read more

• June 06, 2024 06:57
  

  Stock market live updates: TVS Motor announces pact with Angkor Tiger Football Club

  TVS Motor Company, a leading two and three-wheeler maker has announced a partnership with Angkor Tiger Football Club, a team in the Cambodian Premier League (CPL) based in Siem Reap, renowned globally for the UNESCO World Heritage site, Angkor Wat temple. Read more

• June 06, 2024 06:56
  

  Stock market live updates: Markets overnight close

  Closing Bell:

  * Sensex: 74382.24(+2,303.19)

  * Nifty 50: 22620.35(+ 735.85)

  * Nifty bank: 49054.60 (+2,126.00)

  Nifty top 5 Gainers: 

  * Adani ports: 1,354.60 (+105.65)

  * IndusInd Bank: 1,500.95 (+109.45)

  * Hindalco: 695.25 (+46.20)

  * Hero Motocorp: 5,658.50 (+347.80)

  * M&M: 2,740.95 (+168.05)

• June 06, 2024 06:56
  

  Stock market live updates: Today’s Stock Recommendation: June 6, 2024: United Spirits (₹1,299.55) – BUY

• June 06, 2024 06:54
  

  Stock market live updates: Major U.S. listed stocks result calendar 06.06.2024 

  The J.M. Smucker Company (Pre market) (Sector – FMCG) 

  NIO Inc. (Pre market) (Sector – Automobile) 

  Samsara Inc (Post market) (Sector – Technology) 

  DocuSign, Inc. (Post market) (Sector – Technology) 

  Autodesk, Inc (Tentative) (Sector – Engineering)

• June 06, 2024 06:54
  

  Stock market live updates: At 120, City Union Bank changes tack, slightly

  Over the 120 years of its existence, the City Union Bank’s operating philosophy has been strictly to ‘stick to its knitting’. But now, it has decided to change tack, albeit slightly. Read more

• June 06, 2024 06:53
  

  Stock market live updates: SEBI mandates direct payout of securities to clients

  The SEBI has made the process of securities payout directly to the client account mandatory from October 14. This is to protect clients’ securities and to ensure that the stock brokers segregate securities of the clients so that they are not vulnerable to misuse. Read more

• June 06, 2024 06:51
  

  Stock market live updates: Economic Calendar – 06.06.2024 

  South Korea @ Market Holiday

  14:00 U.K. Construction PMI (Expected: 52.5 versus Previous: 53.0)

  17:45 EURO ECB Monetary Policy (Expected: 4.25% versus Previous: 4.50%) 

  18:00 U.S. Unemployment Claims (Expected: 220k versus Previous: 219K) 

  18:15 EURO ECB Press Conference

• June 06, 2024 06:50
  

  Stock market live updates today: Nvidia passes Apple in market cap as second-most valuable public US company

• June 06, 2024 06:46
  

  Stock market live updates: NLC India plans to raise $600 million via ECBs

  Lignite and power major NLC India Ltd (NLCIL) proposes to raise up to $600 million foreign currency loan through external commercial borrowings (ECBs), the company said in a communique to stock exchanges. Read more

• June 06, 2024 06:40
  

  Stock market live updates: Stock to buy today: United Spirits (₹1,299.55) – BUY

  The uptrend in United Spirits has gained momentum. The stock had surged over 7 per cent on Wednesday. Prior to this rise, the stock had managed very well to stay afloat on Tuesday when the broader markets ran into a massive sell-off. Strong support is now in the ₹1,275-₹1,265 region. Read more