NEW DELHI: Indian stock market is likely to open in the red. On Wednesday, the market increased losses for the second consecutive day as both Sensex And nifty Tracking mixed trends from Asian peers, ended in the red. Power and realty stocks were the biggest losers, while bank and metal stocks were the biggest losers.
Three of Wall Street’s major indexes closed lower on Wednesday as investors bet that the latest economic data will do nothing to dissuade the Federal Reserve from aiming to keep its aggressive interest rate hiking cycles away.
gross gst revenue Collected in May was Rs 1.4 trillion, which was 44 per cent higher than revenue in the same month last year, but 16 per cent lower than in April, which stood at over Rs 1.67 trillion. The numbers for May relate to returns in April.
stocks in the news
HDFC has announced that it has increased its benchmark lending rate by 5 basis points, a move that will increase EMIs for new and existing borrowers. “HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans, over which its Adjustable Rate Home Loan (ARHL) benchmarks, by 5 basis points with effect from June 1, 2022,” the company said in a statement. ”
ICICI Bank and Punjab National Bank (PNB) has announced a hike in its Marginal Cost Based Lending Rates (MCLR). State Bank of India (SBI) has also increased its home loan interest rates with effect from June 1, 2022. The bank has increased the external benchmark-based lending rate (EBLR) by 40 basis points to over 7.05% CRP and the repo rate linked lending rate (RLLR) to over 6.65% CRP.
Shares of eMudra managed to stay above the issue price for most of the session on June 1 and closed with a gain of one per cent on the day of listing despite volatility in the market.
HUL: FMCG giant Unilever said billionaire investor activist Nelson Peltz will join its board. Peltz is best known for reshaping large consumer goods firms such as Mondelez International and Procter & Gamble.
Eicher Motors has been fined Rs 10 lakh by the Securities and Exchange Board of India (SEBI) on June 1 for failing to do due diligence in a matter relating to the issue of duplicate shares or fresh certificates. According to the order issued by the capital markets regulator, the corporation will have to pay the fine within 45 days.
Amy Organics: Plutus Wealth Management LLP purchased 5.25 lakh shares in the company through open market transactions at an average price of Rs 880.34 per share.
Knowledge Marine & Engineering Works: The Company has received a contract from Dredging Corporation of India for Capital Dredging in ‘Mangrole Fishing Harbor Phase III Part B’ for a tenure of 12 months. The cost of the project is Rs 67.85 crore.
Welpsun Enterprises: Orders worth Rs 4,636 crore received from BMC for Dharavi wastewater treatment facility.
Reliance: Reliance Brands Limited (RBL) has entered into a joint venture with Plastics Legno SpA for its India toy manufacturing business.
delta Corp: Ace investor Rakesh Jhunjhunwala has reduced stake in Delta Corp from 7.1% to 6.2% as per an exchange filing.
Coal India produced 108.2 million tonnes of coal during April and May, an increase of 28.8% over the same period last year.
Maruti Suzuki: 161,413 units were sold in May 2022, an increase of 246% over May 2021.
M&M: Domestic sales rise to 53,726 units, up 208% over May 2021.
Tata Motors: Domestic sales rise to 74,755 units, a rise of 185% over May 2021.
Bajaj Auto: Domestic sales at 2,75,868 units, up 1% over May 2021.
Three of Wall Street’s major indexes closed lower on Wednesday as investors bet that the latest economic data will do nothing to dissuade the Federal Reserve from aiming to keep its aggressive interest rate hiking cycles away.
gross gst revenue Collected in May was Rs 1.4 trillion, which was 44 per cent higher than revenue in the same month last year, but 16 per cent lower than in April, which stood at over Rs 1.67 trillion. The numbers for May relate to returns in April.
stocks in the news
HDFC has announced that it has increased its benchmark lending rate by 5 basis points, a move that will increase EMIs for new and existing borrowers. “HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans, over which its Adjustable Rate Home Loan (ARHL) benchmarks, by 5 basis points with effect from June 1, 2022,” the company said in a statement. ”
ICICI Bank and Punjab National Bank (PNB) has announced a hike in its Marginal Cost Based Lending Rates (MCLR). State Bank of India (SBI) has also increased its home loan interest rates with effect from June 1, 2022. The bank has increased the external benchmark-based lending rate (EBLR) by 40 basis points to over 7.05% CRP and the repo rate linked lending rate (RLLR) to over 6.65% CRP.
Shares of eMudra managed to stay above the issue price for most of the session on June 1 and closed with a gain of one per cent on the day of listing despite volatility in the market.
HUL: FMCG giant Unilever said billionaire investor activist Nelson Peltz will join its board. Peltz is best known for reshaping large consumer goods firms such as Mondelez International and Procter & Gamble.
Eicher Motors has been fined Rs 10 lakh by the Securities and Exchange Board of India (SEBI) on June 1 for failing to do due diligence in a matter relating to the issue of duplicate shares or fresh certificates. According to the order issued by the capital markets regulator, the corporation will have to pay the fine within 45 days.
Amy Organics: Plutus Wealth Management LLP purchased 5.25 lakh shares in the company through open market transactions at an average price of Rs 880.34 per share.
Knowledge Marine & Engineering Works: The Company has received a contract from Dredging Corporation of India for Capital Dredging in ‘Mangrole Fishing Harbor Phase III Part B’ for a tenure of 12 months. The cost of the project is Rs 67.85 crore.
Welpsun Enterprises: Orders worth Rs 4,636 crore received from BMC for Dharavi wastewater treatment facility.
Reliance: Reliance Brands Limited (RBL) has entered into a joint venture with Plastics Legno SpA for its India toy manufacturing business.
delta Corp: Ace investor Rakesh Jhunjhunwala has reduced stake in Delta Corp from 7.1% to 6.2% as per an exchange filing.
Coal India produced 108.2 million tonnes of coal during April and May, an increase of 28.8% over the same period last year.
Maruti Suzuki: 161,413 units were sold in May 2022, an increase of 246% over May 2021.
M&M: Domestic sales rise to 53,726 units, up 208% over May 2021.
Tata Motors: Domestic sales rise to 74,755 units, a rise of 185% over May 2021.
Bajaj Auto: Domestic sales at 2,75,868 units, up 1% over May 2021.