Sensex Nifty Live Updates June 5: Indices Rally to Close with Moderate Gains

Indian markets ended higher on June 5, supported by gains in pharma and banking stocks amid positive global cues. The Nifty 50 rose 0.53% to close at 24,750, while the Sensex gained 0.55% to settle at 81,442. Asian markets showed mixed performance, with Hang Seng advancing 1.07% and Nikkei declining 0.51%. European indices traded higher in mid-session, and U.S. futures indicated to a potential modestly positive start, reflecting cautious optimism among investors.

Stock Market Highlights, June 5:

• Market Rally Led by Pharma and Realty Stocks: Indian equity markets experienced a significant surge today, with the Nifty 50 closing at 24,750, up 0.53%, and the Sensex rising 444 points to 81,442. The rally was primarily driven by strong performances in the pharma and realty sectors, with the Nifty Pharma index advancing 1% .
• Top Gainers and Losers: Among the top gainers, Eternal Ltd. led with a 4.43% increase, followed by Dr. Reddys Labs at 3.09%, and Trent at 3.02%. On the losing side, IndusInd Bank saw a decline of 1.37%, Tata Consumer Products dropped 1.11%, and Axis Bank fell 1.02% .
• Global Market Influence: The positive momentum in Indian markets was supported by favorable global cues, including a weaker U.S. dollar and declining Treasury yields. Additionally, expectations of a potential interest rate cut by the Reserve Bank of India may have contributed to the bullish outlook.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

U.S. Markets Live Today

*As of 15:32 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

Vedanta

Vedanta has announced that its renewable energy portfolio has crossed the 1.03 GW mark. The company is making consistent progress toward its long-term target of reaching 2.5 GW of green energy capacity by 2030. This achievement follows an expansion of its round-the-clock renewable power capabilities through strategic power supply agreements.

Waaree Energies

Promoters of Waaree Energies are set to divest shares in its subsidiary, Indosolar Limited, in order to meet the minimum public shareholding norms. The divestment, conducted via an offer for sale (OFS), involves the sale of 4,76,495 equity shares, commencing today.

REC

State-run REC Ltd has received board approval to raise funds amounting to ₹1.55 lakh crore. The capital will be mobilised through the private placement of bonds or debentures, as part of its financing strategy.

NTPC Green Energy

NTPC Green Energy Ltd, a wholly owned subsidiary of NTPC Ltd, has been awarded a 1,000 MW capacity in a solar photovoltaic project auction organised by Uttar Pradesh Power Corporation Limited (UPPCL).

Power Grid Corporation of India

Power Grid Corporation has acquired MEL Power Transmission for ₹8.5 crore. The acquisition pertains to a special purpose vehicle (SPV) responsible for implementing a transmission system to evacuate electricity from the Mahan Energen plant in Madhya Pradesh. The project will operate under the build, own, operate, and transfer (BOOT) model.

Stock Market Outlook for June 5:

• Cautious Start Despite Positive Undertone: The Nifty opened 0.29% higher at 24,691, indicating a mild follow-through to yesterday's rebound. Gift Nifty is also trading with a positive bias, suggesting a stable to slightly bullish tone for the day.
• FII & DII Support Offsets Mixed Global Signals: Despite weakness in the Dow Jones and Nikkei, sustained buying by FIIs (₹1,076.2 crore) and DIIs (₹2,566.8 crore) may provide support to Indian equities.
• Options Data Potentially Indicates Limited Upside: With the Nifty Max Pain at 24,650 and a PCR of 0.73, the derivatives setup points to a potential consolidation near current levels. Cues from Bank Nifty Max Pain at 55,700 may keep banking stocks in focus.
   

Indian Stock Market Recap: June 4

Indian markets rebounded on June 4, supported by strong buying in telecom, banking, and heavyweight stocks. The Nifty 50 rose 0.32% to close at 24,620, while the Sensex advanced by the same margin to settle at 80,988.

Indian Market Cues:

Global Market Cues (U.S. Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 1076.2
Domestic Institutional Investors (DIIs) Net Buy/Sell : 2566.8

*As of 09:25 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.