Sensex Today Trades Flat | Hero MotoCorp, TVS Motors Up 2% | IndusInd Bank & Infosys Top Losers

Fri, 2 Jun 10:30 am

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Asian shares markets are trading higher today after a renewed rally in tech giants pushed Wall Street indices higher ahead of jobs data due Friday as investors assess the likelihood of the Federal Reserve pausing interest rate hikes in June.

The Nikkei is trading higher by 1% and the Hang Seng index is trading higher 3.7%. The Shanghai Composite is up 0.8%.

US stock indices closed up on Thursday as signs of slowing wage pressure on inflation raised hopes that the Federal Reserve will pause raising interest rates in two weeks. Additionally, investors welcomed a vote in Congress to suspend the US debt ceiling.

The Dow Jones Industrial Average ended 0.5% higher and the tech heavy Nasdaq Composite rallied 1.3%.

Here's a table showing how US stocks performed on Thursday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	124.37	1.00	0.81%	125.04	123.30	127.05	83.45
Apple	180.09	2.84	1.60%	180.12	176.93	180.12	124.17
Meta	272.61	7.89	2.98%	274.00	265.89	274.00	88.09
Tesla	207.52	3.59	1.76%	209.80	199.37	314.67	101.81
Netflix	403.13	7.90	2.00%	407.52	393.08	407.52	164.28
Amazon	122.77	2.19	1.82%	123.49	119.93	146.57	81.43
Microsoft	332.58	4.19	1.28%	333.53	324.72	335.94	213.43
Dow Jones	33,061.57	153.30	0.47%	33,167.75	32,704.51	34,712.28	28,660.94
Nasdaq	14,441.51	187.42	1.31%	14,493.31	14,219.94	14,520.17	10,440.64

Source: Equitymaster

Back home, Indian share markets are trading on a flat note following the trend on SGX Nifty.

At present, the BSE Sensex is trading 9 points lower. Meanwhile, the NSE Nifty is trading up by 8 points.

Tata Steel and Tech Mahindra are among the top gainers today.

IndusInd Bank and Infosys on the other hand are among the top losers today.

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

Broader markets are trading on a positive note. The BSE Mid Cap index is trading higher 0.4% and the BSE Small Cap index is up 0.7%.

Sectoral indices are trading on a positive note with the exception of energy sector, IT sector and oil & gas sector. Stocks in the realty sector and metal sector witness buying.

Shares of 3M India and Sanofi India hit their 52-week high today.

The rupee is trading at Rs 82.33 against the US dollar.

In commodity markets, gold prices are trading higher by Rs 311 to Rs 60,230 per 10 grams today.

Meanwhile, silver prices are trading higher by 0.2% at Rs 72,753 per 1 kg.

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...

Speaking of stocks markets, 2022 was a big speed breaker for BAAP (buy at any price) and growth at any price investors.

With the cheap money out of the picture, a lot of high-flying stocks saw the wind beneath their sails disappear. However, the sentiments are shifting again.

From a big sell off in March this year, the smallcaps stocks have rebounded. The smallcap index is now flirting with all-time highs.

For individual smallcaps, the upswing has been even higher. You see, that's the nature of smallcaps. When sentiments are adverse, they take the hardest knock. When markets are upbeat, a slightest nudge could send them soaring. It's good to see smallcaps rallying.

But this comes with a sense of caution as markets are cyclical. And there may be a point when the valuations run ahead of fundamentals. How close or far are we to that point?

Smallcap analyst, Richa Agarwal answers the question in the below video.

Earning consistent returns in a volatile market

2022 was a wild turbulent, and volatile year for the stock market. During these tough times, a smart man is the one who managed to earn consistent returns and not just some windfall gains.

Unless a brutal bear market scares you out of your systematic monthly investments, they are one of the most effective ways to benefit from the long term stock market growth story.

Let us consider a systematic investment plan of Rs 1,000 every month into the Sensex between 2011 and March 2020 i.e., you start on 31 December 2010 and end on 31 March 2020.

December 2010 was a bull market top as the Sensex never closed the year higher two years prior to it and till three years later.

Likewise, March 2020 can be considered as a bear market bottom because that was the time the market crashed on account of the pandemic.

Thus, when it comes to timing, you were investing at a bull market top and exiting at a bear market bottom, the worst case scenario possible.

So, what was the performance like?

Well, not so great to be honest. You would have earned an annual return of 6.6% on your investments. Throw in a couple of percentage points of dividends and the returns climb to around 8%.

However, this is India, and 8% annual returns doesn't quite cut it.

There is a silver lining though. Had you persisted for another 15-18 months, your returns would have climbed to an impressive 14.4%. Throw in dividends and you get a respectable 16%-17%.

Here's how your journey would have progressed.

TVS Motors' two wheeler sales grow 32% in May 2023

Yesterday, after the Indian market closing hours, TVS Motor announced its sales result for the month of May. The auto company registered 9% year-on-year growth in May 2023 selling 330,609 units against the 302,982 units in May 2022.

The company registered a growth of 11% in the two-wheeler segment with sales increasing from 287,058 units in May last year to 319,295 units in May 2023. Domestic two-wheeler registered growth of 32% with sales increasing from 191,482 units in May 2022 to 252,690 units in May this year.

In the electric vehicle segment, TVS iQube electric recorded sales of 17,953 units in May 2023 as against sales of 2,637 units in May last year.

In a statement, the company says that TVS iQube has a healthy booking pipeline of over 30,000 units and the management state that it is confident of continued improvement of supplies in the coming months.

In terms of exports, the auto company exported 76,607 units in May 2023 as against 110,245 units May 2022. The decline was also registered in export of two-wheelers, registering sales of 66,605 units in May 2023 as against 95,576 units May 2022.

The company sold 11,314 units of three-wheeler in May 2023 as against 15,924 units in May 2022.

To know what's moving the Indian stock markets, 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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Indian Share Market Update: Top Gainers and Losers