Stock Market Live Updates 06 June 2024: Stock to buy today: United Spirits (₹1,299.55) – BUY

Stock market live updates: Hindalco defers Novelis IPO: What should investors do now?

Hindalco on Wednesday morning announced the postponement of Novelis IPO in the US citing ‘market conditions’. The company (Novelis) also mentioned that it will continue to evaluate the timing of the offer. Read more

Stock market live updates: Byju’s lenders petition to put subsidiaries in bankruptcy in the US

Troubled edtech major Byju’s term-loan lenders have petitioned a bankruptcy court in Delaware against the companies’ subsidiaries — Epic, Tynker, and Osmo — seeking to initiate Chapter 11 bankruptcy proceedings. Read more

Stock market live updates: Fund Flow Activity: June 5, 2024 (Rs. In Crs)

Turnover: (NSE + BSE)

Cash Volume: 186799.85 + 21722.18 Total: 208522.03

F&O Volume: 647137.62 + 209167.88 Total: 856305.5

*Provisional Cash 

FII/FPI: NET SELL: -5656.26 

(21012.72 – 26668.98) 

DII: NET BUY: +4555.08 

(28615.23 – 24060.15)

Stock market live updates: Q4FY24 EARNING CALENDAR 06.06.2024: RCF

Stock market live updates: Birla Estates to develop housing project in Gurugram with revenue of ₹5,000 cr

Birla Estates, the realty arm of Aditya Birla Group’s Century Textiles and Industries, will develop a 13.27-acre land parcel in Gurugram into a luxury housing project with a revenue potential of ₹5,000 crore. It has signed a joint venture agreement with Barmalt India for this. Read more

Stock market live updates: Sundaram Mutual launches business cycle fund

Sundaram Mutual believes the froth in the market is yet to settle after the dramatic fall of 6 per cent post the unexpected election outcome and subsequent bounceback of 3 per cent on Wednesday. Read more

Stock market live updates: TVS Motor announces pact with Angkor Tiger Football Club

TVS Motor Company, a leading two and three-wheeler maker has announced a partnership with Angkor Tiger Football Club, a team in the Cambodian Premier League (CPL) based in Siem Reap, renowned globally for the UNESCO World Heritage site, Angkor Wat temple. Read more

Stock market live updates: Markets overnight close

Closing Bell:

* Sensex: 74382.24(+2,303.19)

* Nifty 50: 22620.35(+ 735.85)

* Nifty bank: 49054.60 (+2,126.00)

Nifty top 5 Gainers: 

* Adani ports: 1,354.60 (+105.65)

* IndusInd Bank: 1,500.95 (+109.45)

* Hindalco: 695.25 (+46.20)

* Hero Motocorp: 5,658.50 (+347.80)

* M&M: 2,740.95 (+168.05)

Stock market live updates: Today’s Stock Recommendation: June 6, 2024: United Spirits (₹1,299.55) – BUY

Stock market live updates: Major U.S. listed stocks result calendar 06.06.2024 

The J.M. Smucker Company (Pre market) (Sector – FMCG) 

NIO Inc. (Pre market) (Sector – Automobile) 

Samsara Inc (Post market) (Sector – Technology) 

DocuSign, Inc. (Post market) (Sector – Technology) 

Autodesk, Inc (Tentative) (Sector – Engineering)

Stock market live updates: At 120, City Union Bank changes tack, slightly

Over the 120 years of its existence, the City Union Bank’s operating philosophy has been strictly to ‘stick to its knitting’. But now, it has decided to change tack, albeit slightly. Read more

Stock market live updates: SEBI mandates direct payout of securities to clients

The SEBI has made the process of securities payout directly to the client account mandatory from October 14. This is to protect clients’ securities and to ensure that the stock brokers segregate securities of the clients so that they are not vulnerable to misuse. Read more

Stock market live updates: Economic Calendar – 06.06.2024 

South Korea @ Market Holiday

14:00 U.K. Construction PMI (Expected: 52.5 versus Previous: 53.0)

17:45 EURO ECB Monetary Policy (Expected: 4.25% versus Previous: 4.50%) 

18:00 U.S. Unemployment Claims (Expected: 220k versus Previous: 219K) 

18:15 EURO ECB Press Conference

Stock market live updates today: Nvidia passes Apple in market cap as second-most valuable public US company

Stock market live updates: NLC India plans to raise $600 million via ECBs

Lignite and power major NLC India Ltd (NLCIL) proposes to raise up to $600 million foreign currency loan through external commercial borrowings (ECBs), the company said in a communique to stock exchanges. Read more

Stock market live updates: Stock to buy today: United Spirits (₹1,299.55) – BUY

The uptrend in United Spirits has gained momentum. The stock had surged over 7 per cent on Wednesday. Prior to this rise, the stock had managed very well to stay afloat on Tuesday when the broader markets ran into a massive sell-off. Strong support is now in the ₹1,275-₹1,265 region. Read more