Morning-Outlook-Feature-Image

Indian equity indices ended marginally higher on Friday after declining for the five consecutive session. Nifty opened at 22,679 a gap up of 190.35 points from Thursday’s close and made an intraday high of 22,789.20 and closed at 22,703.85 up 215.20 points or 0.96%. Heavy-weight stocks like HDFC Bank, Adani Enterprises, ICICI Bank, Larsen & Toubro, and Adani Ports contributed in the gains in the Nifty 50. While Infosys, Tata Consultancy Services, Maruti Suzuki India, Hindustan Unilever, and Bharti Airtel weighed in the index. The S&P BSE Sensex ended 0.10% or 75.71 points up at 73,961.31.

The broader market outperformed the benchmark index; The S&P BSE Mid-Cap index advanced by 0.06% and the S&P BSE Small-Cap index by 0.76%. On BSE, 1,978 stocks declined, 1,845 stocks advanced and 92 remained unchanged.

Among the sectoral indices, the Nifty Media index (up 0.48%), the Nifty Bank index (up 0.37%) and the Nifty Private Bank index (up 0.32%) outperformed the Nifty 50 index. Meanwhile, the Nifty Metal index (down 3.01%), the Nifty IT index (down 2.19%) and the Nifty Healthcare index (down 1.85%) weighed the Nifty 50 index.

DERIVATIVE PICKS

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.24.06 Jun 3429.8 7.58 1529.72 13919400 IPCALAB.24.06 Jun 1151.9 -7.59 1844.12 2577900
IDEA.24.06 Jun 15.4 5.84 275.38 2604360000 PAGEIND.24.06 Jun 36053.85 -5.33 360.31 198990
GMRINFRA.24.06 Jun 85.35 5.5 666.63 212163750 IGL.24.06 Jun 444.75 -2.86 950.81 17800750
NMDC.24.06 Jun 261.3 4.79 1752.52 74443500 BERGEPAINT.24.06 Jun 464.45 -2.7 2358.05 26995320
ADANIPORTS.24.06 Jun 1442.1 4.38 2095.72 38135200 TATACHEM.24.06 Jun 1021.95 -2.14 877.52 9209750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BANKNIFTY.24.06 Jun 49352.35 0.64 -6.92 2283735
FINNIFTY.24.06 Jun 21896.85 0.62 -10.98 55120
NIFTYNXT50.24.06 Jun 67867.55 0.46 -7.92 4770
MIDCPNIFTY.24.06 Jun 11414.65 0.26 -4.6 1703400
BANKNIFTY.24.06 Jun 49352.35 0.64 -6.92 2283735

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Tata Consultancy Serv Lt 3670.95 -1.74 10956800 1998660 68.47 Nifty50 22530.7 0.19 101342224
Hcl Technologies Ltd. 1324.1 -0.58 10319045 2806445 67.62 Niftybank 48983.95 0.62 46684580
Indian Hotels Co. Ltd. 557.4 0.04 9170940 3166890 67.52 Nifty it 32386.1 -1.28 3948095
Reliance Industries Ltd 2860.8 0.39 15534916 4420496 66.94 India Vix 24.6 1.74 931816416
Oracle Fin Serv Soft Ltd 7454.95 0.45 162147 146463 66.93 Nifty Fmcg 54107.35 -0.32 1154621
Larsen & Toubro Limited 3669.3 0.95 6432341 1796320 66.48 Nifty Pharma 18796.3 -0.92 120904858
City Union Bank Ltd. 143.1 0.39 4680444 3315110 65.34 Nifty Realty 1019.4 2.34 2147483500
L&t Finance Limited 152.95 -0.13 7196801 4459656 64.36 Nifty Auto 23419.6 -0.22 97142687
Itc Ltd. 426.45 0.61 28214102 13185367 64.24 Nifty Metal 9723.6 1.87 235432754
Mah & Mah Ltd. 2506.25 0.51 8769724 2141186 63.59 Nifty Financial Services 21718.3 0.56 10314598

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (May) on 03rd June, 2024

INR: Nikkei Services PMI (May) on 05th June, 2024

USD : Manufacturing PMI (May) on 03rd June, 2024

USD: JOLTs Job Openings (Apr) on 04th June, 2024

NEWS UPDATES

  • The market witnessed extreme volatility on May 31 ahead of GDP data announcement later today and Lok Sabha general election ‘Exit Poll’ on June 1. At close, the Sensex was up 75.71 points or 0.10 percent at 73,961.31, and the Nifty was up 42 points or 0.19 percent at 22,530.70. For the week, BSE Sensex and Nifty50 shed nearly 2 percent each.

  • In an unprecedented move, Foreign Institutional Investors (FIIs) have added the highest ever net index shorts in a single session in the history of the market, dramatically reducing long positions ahead of the general election results. FIIs reduced their long positions by 80% in a single session, dropping from 257,000 contracts to 51,000. This caused the FII long-short ratio to plummet from 50% to just 13% in one day, reflecting heightened caution ahead of the highly anticipated election results.

  • Public sector lender Canara Bank approved a proposal to dilute 14.50 percent stake in insurance arm Canara HSBC Life Insurance Company via initial public offering (IPO), the lender informed on the exchanges on May 31.

Source: Moneycontrol, Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BLUECLOUDS Preferential Issue of shares;Issue Of Warrants;General 03-Jun-24 REDINGTON Dividend 04-Jun-24
CAPACITE General 03-Jun-24 BPLPHARMA General;A.G.M. 05-Jun-24
COSPOWER General;Audited Results 03-Jun-24 CLIOINFO General 05-Jun-24
DHANROTO Final Dividend 03-Jun-24 HOCL General 05-Jun-24
FTL Audited Results 03-Jun-24 INDXTRA Increase in Authorised Capital;General 05-Jun-24
INERTIAST Preferential Issue of shares 03-Jun-24 INVENTURE Right Issue of Equity Shares 05-Jun-24
PANORAMA General 03-Jun-24 PMCFIN General 05-Jun-24
PRUDENT General 03-Jun-24 SPYL Consolidation of Shares;A.G.M. 05-Jun-24
SPRIGHT General;Rights Issue 03-Jun-24 STRATMONT Preferential Issue of shares 05-Jun-24
SRGHFL Increase in Authorised Capital;Preferential Issue of shares;Issue Of Warrants 03-Jun-24 AZTEC Audited Results 06-Jun-24
VINTRON Audited Results 03-Jun-24 CANFINHOME General 06-Jun-24
21STCENMGM Final Dividend;Dividend 04-Jun-24 MONGIPA Right Issue of Equity Shares;Preferential Issue of shares;Issue Of Warrants 06-Jun-24
JHS Preferential Issue of shares;Issue Of Warrants 04-Jun-24 RCF Audited Results 06-Jun-24
MACPLASQ General;Audited Results 04-Jun-24 SPL Right Issue of Equity Shares;Rights Issue 07-Jun-24
QGO General 04-Jun-24 KRRAIL General;Audited Results 08-Jun-24

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANANDRATHI 03-Jun-24 Buy Back of Shares INA 07-Jun-24 E.G.M.
ANANDRATHI 03-Jun-24 Final Dividend – Rs. – 9.0000 INDHOTEL 07-Jun-24 Final Dividend – Rs. – 1.7500
DBCORP 03-Jun-24 Interim Dividend – Rs. – 8.0000 INDIAMART 07-Jun-24 Final Dividend – Rs. – 20.0000
RALLIS 03-Jun-24 Final Dividend – Rs. – 2.5000 INDIANB 07-Jun-24 Final Dividend – Rs. – 12.0000
SUNDRMFAST 03-Jun-24 Interim Dividend – Rs. – 4.1700 JMFINANCIL 07-Jun-24 Final Dividend – Rs. – 2.0000
FOSECOIND 04-Jun-24 Final Dividend – Rs. – 25.0000 RFSL 07-Jun-24 Interim Dividend – Rs. – 0.8000
ITC 04-Jun-24 Final Dividend – Rs. – 7.5000 SMCGLOBAL 07-Jun-24 Final Dividend – Rs. – 1.2000
GUJTLRM 05-Jun-24 Right Issue of Equity Shares UNOMINDA 07-Jun-24 Final Dividend – Rs. – 1.3500
MANAPPURAM 05-Jun-24 Interim Dividend – Rs. – 1.0000 LALPATHLAB 10-Jun-24 Final Dividend – Rs. – 6.0000
OMANSH 05-Jun-24 Resolution Plan -Suspension NELCO 10-Jun-24 Dividend – Rs. – 2.2000
SHARDAMOTR 05-Jun-24 Buy Back of Shares ASIANPAINT 11-Jun-24 Final Dividend – Rs. – 28.1500
CLARA 06-Jun-24 Interim Dividend – Rs. – 0.5000 JINDALSAW 11-Jun-24 Final Dividend – Rs. – 4.0000
VUENOW 06-Jun-24 Interim Dividend – Rs. – 0.2500 KRITI 11-Jun-24 Final Dividend – Rs. – 0.2000
HOMEFIRST 07-Jun-24 Final Dividend – Rs. – 3.4000 KRITINUT 11-Jun-24 Final Dividend – Rs. – 0.3000
HSCL 07-Jun-24 Final Dividend – Rs. – 0.5000 TATAMOTORS 11-Jun-24 Final Dividend – Rs. – 3.0000
ICICIGI 07-Jun-24 Final Dividend – Rs. – 6.0000 TATAMOTORS 11-Jun-24 Special Dividend – Rs. – 3.0000

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