Trader logo

Share Market LIVE: Nifty holds above 18500, Sensex up 80 pts; Bank Nifty above 43950, HeroMotocorp, Hindalco gain

Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Friday, the NSE Nifty 50 surged 70.40 points or 0.38% to 18,558.15 and BSE Sensex jumped 213.8 points or 0.34% to 62,642.34.

By Praful PatilPublished 4 months ago 4 min read

Here are the key highlights from the share market updates as of June 2, 2023:

The NSE Nifty 50 surged 70.40 points or 0.38% to 18,558.15, while the BSE Sensex jumped 213.8 points or 0.34% to 62,642.34.

Bank Nifty soared 229.05 points or 0.52% to 44,019.25.

Nifty Auto climbed 86.90 points or 0.61% to 14,343.90.

Nifty Metal gained 67.60 points or 1.15% to 5,951.80.

Nifty Realty skyrocketed 6.50 points or 1.34% to 490.50.

Top gainers on the Nifty 50 were Hero Motocorp, Hindalco, Tech Mahindra, Tata Steel, and Bajaj Auto.

Top losers on the Nifty 50 were HDFC Life, Coal India, Sun Pharma, Cipla, and Asian Paints.

Please note that this information is based on the provided news article, and stock market conditions can change rapidly. For the most accurate and up-to-date information on share market performance and individual stocks, it's recommended to refer to reliable financial news sources or consult with a financial advisor.

The provided information consists of stock-specific actions and market updates. Here are the key highlights:

MOIL: The share price of MOIL increased by 2.92% to Rs 163.70 after the company reported a record production growth of 43% in May 2023.

Hero Motocorp: The share price of Hero Motocorp surged by 2.66% to Rs 2875.55 after the company recorded a 7% year-on-year growth in sales for May 2023.

UNO Minda: The share price of UNO Minda jumped by 1.71% to Rs 564.55 after the company completed the sale of a 26% stake in Minda Nexgentech.

Aditya Birla Capital and Grasim: Aditya Birla Capital's share price rose by 1.43% to Rs 174.15, and Grasim's share price increased by 0.92% to Rs 1717. This followed the approval of a preferential issuance of Rs 1,250 crore by Aditya Birla Capital to its promoter and promoter group entity.

Coal India: Coal India's share price fell by 0.52% to Rs 229.35. The government's disinvestment bid for Coal India received an overwhelming response from institutional investors.

Nifty Realty: The Nifty Realty index surged by 1.37%, with top gainers including Sobha, Godrej Properties, DLF, The Phoenix Mills, and Mahindra Lifespace Developers.

Bank Nifty: The Bank Nifty index increased by 0.52% to 44,019.25, with top gainers including Kotak Bank, Axis Bank, ICICI Bank, PNB, and IDFC First Bank.

Nifty and Sensex: The NSE Nifty 50 opened in the green, gaining 70.40 points or 0.38% to 18,558.15, while the BSE Sensex soared 213.8 points or 0.34% to 62,642.34.

  • NSE Top Gainers

top gainers in the NSE (National Stock Exchange) for the Nifty 50 index:

  • Hero MotoCorp Ltd.

LTP: 2,887.3

Change: 86.90

% Change: 3.10%

Prev Close: 2,800.4

High: 2,912.65

Low: 2,836

Volume: 14,08,011

  • Hindalco Industries Ltd.

LTP: 415.8

Change: 9.45

% Change: 2.33%

Prev Close: 406.35

High: 416.9

Low: 412.05

Volume: 50,93,590

  • Dr. Reddy's Laboratories Ltd.

LTP: 4,605.85

Change: 53.80

% Change: 1.18%

Prev Close: 4,552.05

High: 4,614

Low: 4,565.05

Volume: 2,41,974

  • Titan Company Ltd.

LTP: 2,860

Change: 32.75

% Change: 1.16%

Prev Close: 2,827.25

High: 2,871

Low: 2,826.45

Volume: 6,94,848

  • Tata Steel Ltd.

LTP: 107.1

Change: 1.15

% Change: 1.09%

Prev Close: 105.95

High: 107.65

Low: 106.5

Volume: 1,64,38,602

Here are some key points about the stock market:

Purpose: The stock market serves two primary purposes. Firstly, it allows companies to raise funds for expansion, research, and other activities by selling stocks to the public. Secondly, it provides investors with the opportunity to invest in shares of companies and potentially earn a return on their investment.

Stock Exchanges: Stock exchanges are the primary platforms where stocks are traded. Examples include the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE), Tokyo Stock Exchange (TSE), and National Stock Exchange (NSE) in India. These exchanges facilitate the buying and selling of stocks through their trading systems.

Stocks: Stocks, also known as shares or equities, represent ownership in a company. When you buy a stock, you become a shareholder and have a claim on the company's assets and earnings. Stocks can be classified into different types, such as common stock and preferred stock, with different rights and privileges.

Stock Indices: Stock indices are statistical measures that track the performance of a specific group of stocks. They represent a benchmark for the overall market or a particular sector. Examples include the S&P 500, Dow Jones Industrial Average (DJIA), and Nifty 50. These indices provide insights into the market's overall direction and can be used for comparison and investment analysis.

Market Participants: The stock market involves various participants, including individual investors, institutional investors (such as mutual funds and pension funds), traders, brokers, and market makers. Each participant plays a role in the buying and selling of stocks, either directly or through intermediaries.

Market Volatility: The stock market is known for its volatility, meaning prices can fluctuate rapidly. Factors such as economic conditions, company earnings reports, geopolitical events, and investor sentiment can all impact stock prices. Volatility presents both risks and opportunities for investors, as prices can rise or fall quickly.

Investment Strategies: Investors employ various strategies to make investment decisions in the stock market. These strategies can range from long-term investing in fundamentally strong companies to short-term trading based on technical analysis and market trends. It's essential for investors to conduct thorough research, diversify their portfolio, and understand their risk tolerance.

Regulatory Bodies: Stock markets are regulated by government bodies and securities commissions to ensure fair and transparent trading practices. These regulatory bodies establish rules and regulations for listed companies, brokers, and other market participants. They aim to protect investors' interests and maintain the integrity of the market.

CONTENT WARNINGstocksproduct reviewpersonal financeinvestinghistoryfintecheconomycareer

About the Creator

Praful Patil

I enjoy pursuing my interests and hobbies

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights


There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2023 Creatd, Inc. All Rights Reserved.