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Market Recap for 1 June 2021

Nifty50: 15,574 ▼ -7 (-0.0%)
Sensex: 51,934 ▼ -2 (-0.0%)


The markets opened at a new high but slipped into the red soon after. Although the closing was flat, 31 of the Nifty50 stocks declined today.

Among the sectoral indices, mild buying was seen in the Nifty Media (+0.3%) and Nifty IT (+0.1%) stocks. Meanwhile, the Nifty Metal (-0.7%) and Nifty PSU Bank (-0.5%) indices were the weakest today.

Top gainers Today's change
Adani Ports ▲ 3.8%
ONGC ▲ 3.4%
Bajaj Finance ▲ 2.6%

Top losers Today's change
JSW Steel ▼ 2.2%
Tata Steel ▼ 2.2%
ICICI Bank ▼ 1.8%

Here are the top stories of the day.

Defence stocks get make-in-India boost


Narayana Hrudayalaya’s profits soar


Balrampur Chini bets big on ethanol


Manufacturing PMI hits 10-month low


Closing bell

After delivering a strong rally in May, markets started June on a quiet note. While today’s closing was nearly flat, what is to be observed is that the market breadth was weak. As the majority of the large caps have already declared their Q4 results, the attention will now shift to this week’s data releases, which will show the macro-economic reality. The manufacturing PMI was a disappointment. The services PMI data on Thursday and the RBI’s rate decision on Friday will drive further action.


Good to know

What are face value, market price and share premium?

The face value of a stock represents the original cost of a single share of a company. Companies use the face value to declare dividends or stock splits since the market value of a stock keeps changing on a daily basis. The market value of a stock is the price that investors are willing to pay for a single share of a company. Meanwhile, share premium is the difference between the issue price and the face value of a stock. If a stock has a face value of ₹10, while the company launches its public issue at ₹60, the share premium is ₹50.


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Disclosures and Disclaimer

Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.

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