Sensex Today Trades Higher | HUL & Nestle Top Gainers | Vaibhav Global Jumps 6%

Wed, 5 Jun 10:30 am

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Asian stocks rose on Wednesday, while the dollar was steady as a softening US labour market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.24 per cent, while the Nikkei fell 1 per cent as the Japanese yen flirted with two-week highs.

US stocks flipped between negative and positive territory on Tuesday, finishing narrowly in the green as investors shifted their rate-cut expectations after more weaker-than-expected economic data.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	175.13	0.71	0.41%	175.19	173.22	179.95	115.83
Apple	194.35	0.32	0.16%	195.32	193.03	199.62	164.08
Meta	476.99	-0.5	-0.10%	478.89	473.23	531.49	258.88
Tesla	174.77	-1.52	-0.86%	177.76	174	299.29	138.8
Netflix	631.62	-2.17	-0.34%	635.23	626.44	664.25	344.73
Amazon	179.34	1	0.56%	179.82	176.44	191.7	118.35
Microsoft	416.07	2.55	0.62%	416.44	409.68	433.6	309.45
Dow Jones	38711.29	140.26	0.36%	38786.62	38397.82	40077.4	32327.2
Nasdaq	18654.84	53.86	0.29%	18697.95	18521.85	18907.54	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 237 points higher and NSE Nifty is trading 78 points higher.

HUL, Britannia, and Nestle among the top gainers today.

L&T, Hindalco and NTPC the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on negative note. The BSE Midcap index is trading flat and the BSE Smallcap index is trading 0.6% lower.

Sectoral indices are trading mixed, with socks in FMCG sector and telecom witnessed buying. Meanwhile, stocks in energy sector, realty sector and power sector witnessing most selling pressure.

The rupee is trading at Rs 83.4 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 72,112 per 10 grams 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...

Speaking of stock market, have you ever heard of Occam's Razor? It basically says the simplest explanation is usually the right one. Simplicity over complexity.

Can we apply this to investing, especially penny stocks that are trading below Rs 100?

Yes, we can.

Rahul Shah, Co-head of research at Equitymaster, talks about 3 penny stocks for your watchlist, chosen using Occam's Razor principles.

Tune in for more.

Tata Motors to set up a New Commercial Vehicle Subsidiary

Tata Motors on Tuesday said its board has approved to set up a wholly-owned subsidiary to house the commercial vehicles business.

The company has proposed the name of the new unit as TML Commercial Vehicles.

The entity is proposed to be a wholly-owned subsidiary of the company, Tata Motors said in a regulatory filing.

In March this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities.

As part of the initiative, the CV business and its related investments would be housed in one entity, while the passenger vehicle business, including electric vehicles, Jaguar Land Rover and its related investments, will come under a separate listed entity.

Tata Motors Limited is a leading global automobile manufacturer with a portfolio that covers a wide range of cars, SUVs, buses, trucks, pickups, and defence vehicles.

It's a US$ 34 bn organisation and a leading global automobile manufacturing company.

For more, check out Best Tata Stock: Tata Motors vs Titan.

Hindalco Postpones IPO

Novelis Inc., the US subsidiary of Hindalco Industries, has decided to postpone its initial public offering (IPO) for now.

Hindalco said Novelis will continue to evaluate the timing for the public offer in the future.

The company had planned to raise between US$ 810 m and US$ 945 m by offering shares priced between US$ 18 and US$ 21. With an additional greenshoe option, the total proceeds were expected to range from $931.5 million to US$ 1.1 billion.

This IPO was anticipated to be the largest ever by an Indian company in the US.

The shares to be sold in the IPO were to come from AV Minerals (Netherlands) NV, another subsidiary of Hindalco Industries. AV Minerals planned to offload around 45 m shares. After the IPO, Hindalco would have retained 92.5% ownership of Novelis, holding 555 m common shares.

Novelis is the world's largest recycler of aluminium, with customers that include Coca-Cola, Ford and Jaguar LandRover. The company had clocked strong EBITDA/tonne of $540 in Q4FY24, supporting Hindalco's operating performance.

Wipro Partner's Zscaler

Wipro said that it has partnered with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support platform.

Wipro Cyber X-Ray empowers enterprise CXOs to make optimised security investment decisions and communicate cyber values to senior leadership and the board.

Wipro Cyber X-Ray offers an easy-to-navigate executive dashboard to visualise cyber risk posture, activate cyber initiatives, and deliver value to the organisation by helping to understand over- or underinvestment in security programs.

Wipro Cyber X-Ray helps top management executives make more informed decisions based on the intelligence provided and validates if the cyber investment is helping them achieve the desired maturity. The platform also provides security processes, strategy, and performance benchmarking to help enhance organisations' cybersecurity posture.

Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

India's third-largest IT company is having a rough time lately. Check out our recent editorial  Why Wipro Share Price is Falling to know why.

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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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