Today there was strong trading in the market on the first day of the trading week. Sensex and Nifty have given record closings. Nifty closed above 15,750 for the first time. At the same time, the midcap reached a new peak for the fourth consecutive day. Today there was buying in IT, Energy and PSE shares. FMCG, Auto, Sugar stocks also rose. However, metal, realty and pharma stocks remained under pressure.
In today’s trade, except metal and pharma, all sectoral indices closed in the green. The BSE Mid and Smallcap indices gained 0.7-1.4 per cent. There were more than 550 such stocks on BSE today, in which a new 52 week high was seen. These include the names of Wipro, Titan Company and ONGC.
The biggest movement in these stocks was
Bajaj Finance | CMP: Rs 5,726 | Due to the company’s announcement of increasing NPAs in the first half of the financial year 2022 due to Covid-19, the stock closed down 4 percent today.
Reliance Infrastructure | CMP: Rs 73.25 | Today this stock has seen a gain of 5 percent. The company’s board has approved a proposal to raise Rs 550 crore through a preferential issue. The positive effect of this news was seen.
TVS Motor Company | CMP: Rs 648.55 | Today this stock is also up 4 per cent. Chennai based SUNDARAM-CLAYTON has sold about 1.25 billion shares of TVS MOTOR through BLOCK DEAL. This deal has been done at a price of around Rs 617 per. Due to this news, there was enthusiasm in the stock of TVS MOTOR.
The New India Assurance Company | CMP: Rs 177.50 | Today the stock closed in the green. The government plans to sell its stake in the company by September 2021. The government will sell around 10 per cent stake in New India Insurance through OFS by September 2021. This news filled this stock with enthusiasm today.
Indian Overseas Bank, Central Bank | Today, both these stocks have seen gains of 12 and 8 per cent respectively. Both these banks are included in the government’s private list. NITI Aayog has recommended his name.
Larsen & Toubro | CMP: Rs 1,555.20 | Today the stock managed to close in the green. L&T Constructions has bagged a huge order of Rs 100-2050 crore. The effect of which has been seen on this stock today.
MRF | CMP: Rs 82,310 | FY 2021 The stock closed down 3 per cent today on weak fourth quarter results. The company’s net profit in the fourth quarter stood at Rs 332.2 crore. Which was Rs 679 crore in the fourth quarter of FY 2020.
Power Grid Corporation | CMP: Rs 237.45 | Today this company has seen a gain of 5 percent. The company has acquired Fatehgarh Bhadla Transco (FBTL) and Sikar New Transmission Limited (SNTL). This news had a positive effect on the shares of the company.
Punjab National Bank | CMP: Rs 42.15 | Today the stock closed down 2 per cent. The company’s standalone profit in the fourth quarter stood at Rs 586.33 crore. Which was Rs 506.03 crore in the third quarter of the same year. The company’s interest income declined in the fourth quarter and stood at Rs 6,937.55 crore, down from Rs 8,312.98 crore on a quarterly basis.
YES Bank | CMP: Rs 15.05 | Yes Bank On Monday, June 7, the shares of the company saw a gain of more than 9 percent. Yes Bank has informed that on June 10, it will raise funds through loan. After this, the shares of Yes Bank have risen today.
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