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Market expert Anil Singhvi said Nifty50's profit-booking zone is at 23,600-23,725. He sees support for Nifty Bank at 53,200-53,450. Three big companies, Reliance, HDFC Bank, and ICICI Bank, got lower for four days. Singhvi also expects a higher zone for Nifty Bank at 54,100-54,400.
Aditya Birla Group is front-runner for Shell's Sprng Energy for over $1.7 billion. The deal has reached the final leg, and the Birla Group has edged ahead of KKR. Talks are ongoing, but no final decision has been made. Shell confirmed initial discussions with potential partners.
ITR filing for FY 2025-26 has started. Experts stress accurate foreign asset and crypto disclosures. "Foreign bank accounts, overseas investments... may now come under closer scrutiny," said CA Chandni Anandan. Many taxpayers are still waiting for Form 16 but can file early. Enhanced global data sharing means more scrutiny.
Morgan Stanley said the Indian stock market is poised for a strong year. They see an "earnings upcycle" and supportive macro conditions. Strong domestic flows and investment are expected to drive growth. The brokerage expects the Sensex to reach 89,000, citing robust earnings and improving fundamentals.
Ola Electric is raising funds via a qualified institutional placement, fixing a floor price of Rs 37.74 per share. The company said it expects "40,000-45,000 orders" in Q1 FY27. This move aims to improve financial performance and boost its electric motorcycle and cell manufacturing businesses.
Yaashvi Jewellers shares will list on BSE SME on June 2. Grey market indicators show a flat 0% GMP, suggesting a subdued listing near the Rs 83 issue price. The company, established in 2016, manufactures and trades gold jewellery and has reported strong financial growth.
NHPC's offer for sale for non-retail investors started today, June 2. The government aims to sell a 3% stake, with an option to sell more. The floor price is ₹71 per share, an 8% discount. This follows recent government stake sales in Coal India and Central Bank of India.
Experts recommend five stocks, including Aegis Logistics, for short-term gains. Nifty 50 fell 0.70% on Monday, 1 June, to 23,382.60 amid US-Iran talks and foreign outflows. Vishnu Kant Upadhyay said, "The stock remains comfortably above all major moving averages." This shows sustained upward momentum for some stocks.
Indian stocks saw action on June 2 as investors tracked government stake sales and QIPs. NHPC will be in focus after the government announced an offer-for-sale (OFS) to divest up to 6 per cent stake. Ola Electric and ACME Solar started QIP issues to raise funds. Anant Raj plans a Rs 20,000 crore investment in Haryana.
Alphabet plans to raise $80 billion for AI goals, with Berkshire Hathaway investing $10 billion. The Google parent said this funding will support its AI infrastructure expansion. Berkshire's investment is a "high-profile endorsement" of Alphabet's AI and cloud strategy. The company expects strong demand for its AI solutions.
Groww got SEBI approval for State Street Global Advisors' stake acquisition. Wipro became a majority shareholder in Aggne. NMDC's production increased 19.9% in May, but sales fell. The government will sell up to 6% stake in NHPC. PNC Infratech secured a ₹194.40 crore EPC contract.
Retail investors are closing more SIPs than opening them, with April's stoppage ratio at 101%. This trend worsened over time, showing investor dissatisfaction with lower returns. "Many investors came in after watching incredibly high returns," said Swarup Mohanty. New investor additions also slowed significantly.