Sensex Today Ends Flat | Suzlon Energy Surges 8% | Tata Motors & Axis Bank Top Gainers

Tue, 6 Jun Closing

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After opening the day flat, Indian share markets stayed in the red zone for better part of the day but staged a smart rebound in the end, closing the day flat.

Benchmark indices ended flat as a slide in information technology stocks overshadowed the gains in auto and realty amid hopes of a rate hike pause by the US Federal Reserve and Reserve Bank of India heading into their policy meetings.

At the closing bell, the BSE Sensex stood higher by 5 points.

Meanwhile, the NSE Nifty closed marginally higher by 5 points.

Axis Bank, Kotak Mahindra, and Grasim were among the top gainers today.

Tech Mahindra, Infosys and TCS on the other hand, were among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

The SGX Nifty was trading at 18,684, down by 41 points, at the time of writing.

Broader markets ended on a positive note. The BSE Midcap index ended 0.3% higher and BSE SmallCap ended 0.4% higher.

Sectoral indices ended on a mixed note with stocks in the realty sector, auto sector and power sector witnessing most of the buying.

On the other hand, stocks from the IT sector and metal sector witnessed selling pressure.

Shares of Procter & Gamble Health and Hindustan Aeronautic hit their 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Asian stock markets ended on a mixed note. The Nikkei ended higher by 0.9%. while the Hang Seng ended flat. The Shanghai Composite ended 1.2% lower.

The rupee is trading at 82.62 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 59,959 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading flat at Rs 71,976 per kg.

Speaking of stock markets, PVR INOX is down almost 40% from its 52-week highs. The correction seems a result of the stock running into a few business challenges.

But has the correction been overdone? More importantly, are the fundamentals still strong enough for the stock to be a good long-term bet?

Rahul Shah,  Co-head of Research at Equitymaster, answers all these questions in the video below.

Why La Opala RG share price is rising

In the news from the glass sector, shares of La Opala RG gained 2% today, a day after Nippon India Mutual Fund bought 1.8 m shares or 1.7% stake in the tableware company at an average price of Rs 399.05 per share.

Apart from Nippon India MF, other fund houses that have a stake in the company include ICICI Prudential MF, DSP MF, HDFC MF and Whiteoak Capital.

Further, Sumeet Nagar Via Malabar India Fund trimmed up around a 2% stake in the smallcap company through a bulk deal on 5 June 2023.

Ace investor sold 1.9 million (m) shares, or 1.7% stake, in the company for Rs 752 million (m).

According to bulk deal data from the exchanges, the deal was executed at a weighted average price of Rs 399 a share.

La Opala RG rose around 56.5% in the past one year. over a month, the share price has gone up by 9.5%.

For other stock picks of Sumeet Nagar, check out Sumeet Nagar's Portfolio and his top 5 stocks.

TCS launches Dexam on Google cloud

Moving on to news from the IT sector, Tata Consultancy Services (TCS), India's largest IT services company today announced to launch data exchange and marketplace (Dexam) platform on Google cloud on Tuesday.

TCS Dexam provides a seamless data exchange for enterprises and their ecosystem partners, while ensuring compliance with data privacy, consent, and security regulations.

As enterprises come together to form collaborative ecosystems to create new products and services for their mutual customers, they require mechanisms to effectively and securely share data.

The cloud-agnostic platform provides a self-service, secure environment that uses standardized tools and technologies to facilitate data extraction.

It leverages Google Cloud's built-in security and compliance features, such as data encryption and access control, to help ensure data is protected and used in accordance with industry regulations and best practices.

Rail Delivery Group is using TCS Dexam on Google Cloud to help create the UK Government's Rail Data Marketplace.

This initiative brings together strategic partners, data publishers and data consumers on a single platform to accelerate innovation and deliver new products and services.

Tata Consultancy Services (TCS) is a bright shining star in the galaxy of Tata Group companies.

TCS has been one of the favourite stocks of investors because of the performance it has delivered since its listing.

If you had invested Rs 1 lakh in TCS shares at the issue price of Rs 850 in the IPO in 2004, the value of that investment today would be around Rs 3,176,000, a return of almost 3,000% by August 2022.

With strong fundamentals, it stands among the 5 best long-term companies of 2023

L&T's EPC order win

Moving on to news from the engineering sector, L&T's construction arm on Tuesday bagged a significant order in the domestic market.

The orders have been received from a reputable developer to construct commercial towers at two locations in Mumbai. The scope of the work includes four-level basements and two towers, with 70 floors and 50 floors, respectively, to be done in 40 months.

The other location will have four-level basements and two towers of 19 floors each, to be completed in 35 months.

As per the company, significant orders are in the range of Rs 10 bn to Rs 25 bn.

Note that L&T has rewarded investors with 10 bonuses over the last 7 decades and the CAGR over the last 20 years stands at an impressive 25.6%.

L&T has been an investor's favorite stock for a long time and also a stock that makes it to the top 5 infrastructure stocks.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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Indian Share Market Update: Top Gainers and Losers