Rupee at close: Rupee ends at 77.63 per Us dollar against June 3 close of 77.62 per US dollar.
Market at Close: Benchmark indices ended in the red after a volatile session. Sensex was down 93.91 points or 0.17% at 55675.32, and the Nifty shed 18.50 points or 0.11% at 16565.80. Tata Steel, IndusInd Bank and Mahindra & Mahindra were the top gainers while Shree Cements, Asian Paints and BPCL were the top losers.Among the sectors, selling was seen in realty and capital goods while the midcap and smallcap indices also ended in the red.
Power Mech Projects bags orders of Rs 521.95 crore:
RBI clarifies on changes to existing currency notes
RBI has clarified that there is no proposal to make any changes to existing currency and bank notes. The clarification came after some reports in certain sections of the media that claimed the RBI is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others.
Market at 3.00 PM
Indices stuck in a range, Sensex trading lower by around 25 points, Nifty nearing 16,600
The Sensex was down 33.63 points or 0.06% at 55,735 and the Nifty was up 6.9 points or 0.04% at 16591.2. About 1299 shares have advanced, 1961 shares declined, and 180 shares are unchanged.
Source: BSE
Metals remain strong today, Nifty Metals Index up 0.91 percent.
Source: NSE
#CNBCTV18Exclusive | Current numbers are higher than pre-COVID, says Sushant Dash of Tata Starbucks (@Starbucks). He adds, will continue to innovate on food & beverages & will launch a Vegan menu soon pic.twitter.com/BmKUiaY0tX
— CNBC-TV18 (@CNBCTV18Live) June 6, 2022
Tapan Patel, Senior Analyst (Commodities), HDFC Securities:
Crude oil prices traded higher with benchmark NYMEX WTI crude oil rose by 0.48% to $119.42 per barrel. Crude oil prices rallied to the highest level in almost three months after Saudi Arabia signalled confidence in the demand outlook by increasing the price of its crude for Asia by more than expected. The tight supplies and higher demand may continue to support oil prices to trade up in near term. We expect crude oil prices to trade up with resistance at $123 per barrel with support at $115 per barrel. MCX Crude oil June contract has important support at Rs 9050 and resistance at Rs 9380 per barrel.
Indian shares lag Asian peers in dollar terms, clouded by oil prices, liquidity tightening
The pace at which Indian equities have fallen has not been as fast as the Asian markets when measured in the local currency.
Market update at 2 PM: Sensex is up 51.51 points or 0.09% at 55820.74, and the Nifty added 23.70 points or 0.14% at 16608.
Tata Motors May auto sales: JLR UK sales down 40% at 4,737 units against 7,858 units (YoY). JLR UK sales down 16% at 4,737 units against 5,642 units (MoM).
#IndianRailways increases the limit of booking online tickets in a month, allows passengers to book 12 tickets in a month if user id not linked to Aadhaar #trains #Railway pic.twitter.com/ihyhRD5yb1
— CNBC-TV18 (@CNBCTV18Live) June 6, 2022
