Global Indices 02-Jun Prev_Day Abs. Change
Russell 3000 2,061 2,058 3 0.15
Nasdaq 13,756 13,736 20 0.14
FTSE 7,108 7,080 28 0.39
Nikkei 28,946 28,814 132 0.46
Hang Seng 29,298 29,468 -170 -0.58
Indian Indices 02-Jun Prev_Day Abs. Change
S&P BSE Sensex 51,849 51,935 -85 -0.16
Nifty 50 15,576 15,575 1 0.01
Nifty 100 15,832 15,789 43 0.27
Nifty 500 13,274 13,210 64 0.48
Nifty Bank 35,374 35,337 37 0.10
S&P BSE Power 2,867 2,816 51 1.80
S&P BSE Small Cap 23,826 23,523 303 1.29
S&P BSE HC 24,720 24,537 183 0.75
Date P/E Div. Yield P/E Div. Yield
2-Jun 31.15 0.87 28.88 1.06
Month Ago 32.10 0.82 32.21 1.00
Year Ago 21.63 1.11 23.31 1.53
Nifty 50 Top 3 Gainers
Company 02-Jun Prev_Day
United Phos 838 816 2.67
Tata Steel 1124 1101 2.10
SBI Life Insurance Company Limited
984 966 1.87
Nifty 50 Top 3 Losers Domestic News
Company 02-Jun Prev_Day
ITC 209 215 -2.90
Tech Mahindra 1017 1031 -1.31
Axis Bank 737 745 -1.09
Advance Decline Ratio
Advances 2103 1375
Declines 1013 587
Unchanged 168 67
Institutional Flows (Equity)
FII Flows* 48815
MF Flows** -18872
Jun 2021; **1
YoY(%) Current Year Ago
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from 2010 to
• Indian equity witnessed pressure with Sensex dipping marginally and Nifty
closing on a flat note. Investors remained on sidelines ahead of the MPC
policy meet, scheduled later during the week. They are widely anticipating
on MPC maintaining the status quo on policy rates and providing liquidity
amid inflationary pressures due to surge in commodity prices. Market
participants also continued to focus on the trend of daily COVID-19 cases.
• Key benchmark indices S&P BSE Sensex lost 0.16% and Nifty 50 gained
0.01% to close at 51,849.48 and 15,576.20 respectively.
• The overall market breadth on BSE was strong with 2,103 scrips advancing
and 1,013 scrips declining. A total of 168 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Power was the major gainer, up 1.8%
followed by S&P BSE Energy, up 1.76% and S&P BSE Auto, up 1.66%. S&P
BSE Teck was the major loser, down 0.56% followed by S&P BSE IT, down
0.54% and S&P BSE FMCG, down 0.46%.
• As per preliminary data, India’s merchandise exports rose 67.39% to USD
32.21 billion in May 2021 from USD 19.24 billion in May 2020. India’s
merchandise imports rose 68.54% to USD 38.53 billion in May 2021 from
USD 22.86 billion in May 2020.
• As per media reports, the Monetary Policy Committee (MPC) of the Reserve
Bank of India began its three-day deliberations on Jun 2,2021, amid
expectations of a status quo on the benchmark rate, owing to uncertainties
over the effects of the second wave of the COVID-19 pandemic.
Furthermore, concerns about rising inflation may prevent the MPC from
changing the interest rate in its bi-monthly monetary policy announcement
on Jun 4, 2021. At the last recent MPC meeting in April2021, the RBI kept
key interest rates steady.
• The Union Cabinet approved the Model Tenancy Act under which separate
rent authorities, courts, and tribunals would be established in districts to
protect the interests of both the landlord and the tenant. Tenants in
residential properties will be required to post a security deposit of no more
than two months' rent, while commercial tenants will be required to deposit
six months' rent. States and union territories can either introduce new
legislation or alter their existing rental rules to comply with the Model
Tenancy Act. All new tenancies must have a written agreement, which must
be presented to the involved district's 'Rent Authority.'
• Airtel Africa has announced the sale of Airtel Tanzania's tower portfolio for
about USD 175 million. The transaction is the group's latest strategic sale of
its tower network as it shifts its focus to an asset-light business model and
its core subscriber-facing businesses.
• Byju has teamed up with Google to help teachers and students maintain the
continuity of online learning. This collaboration between Google Workspace
for Education and Byju's will provide participating educational institutions
with a collaborative and personalised digital platform for classroom
organisation that will be offered for free.
• Asian markets largely closed in the red as recent flare-ups of coronavirus
infection in certain parts of China and likely measures by Chinese central
bank to halt speculative trading in yuan offset the positive sentiment
surrounding five-month high factory growth of the nation. The fall was
cushioned by higher than expected rebound in Australia’s economic growth
for the first quarter. Today (as on Jun 3), markets are largely trading higher
ahead of private survey results of Chinese service sector for May. Both
Nikkei and Hang Seng are up 0.40% and 0.14% (as at 8:00 AM IST),
• European markets moved up ahead of upcoming reports including the
crucial U.S. jobs data.
• U.S. markets rose marginally, reflecting continued optimism about the
outlook for the global economy following upbeat manufacturing data.