• What spooked investors was a negative surprise in India’s general elections results, with the ruling NDA set to return albeit with a less than expected majority.

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• The Nifty plunged 5.93% to 21884.5, its worst fall since its 12.98% crash on 23 March, 2020, a day before the nation entered the first pandemic lockdown. The Sensex tanked 5.74% to 72079.05, the most since 4 May, 2020.

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• Ixigo IPO includes a fresh equity sale of ₹120 crore and an offer for sale (OFS) of up to 6.66 crore shares.

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• Upon asking when the market is likely to recover, he said that the investors should remain focused as the market will soon recover, adding ‘we just have to hold on to it’.

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• Election Results 2024: FPI were net sellers worth ₹12,436.22 crore in the markets as per the provisional data on the NSE. Some introspection and re-focusing on FII India equity allocation is possible said Rakesh Parekh, MD and Co-Head, Portfolio Management Services, JM Financial.

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• People have been building derivatives positions for quite some time in the market. The outstanding position in F&O swelled to ten times the daily trading volume. Unwinding of these positions added to Tuesday’s volatility

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• The Chicago History Museum will honor Leo Melamed. Hear, hear.

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• BSE PSU index dropped by 16% as election results differed from exit polls, signaling possible coalition government. Market sentiments turned negative, impacting sectors previously buoyed by government initiatives.

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• The amateur investor who turned GameStop into a phenomenon has revealed a monster stake in the company worth $260 million.

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• Associated Coaters IPO: The IPO’s subscription period that began on Thursday, May 30, 2024, ended on Monday, June 3, 2022. The allotment to be finalised today and here’s how to check allotment status as focus shifts to listing on the BSE NSE

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• Stock market crash: HAL share price touched a lower circuit on four occasions during Tuesday’s dealing

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• India’s general elections resulted in a negative surprise with the ruling NDA set to return with a reduced majority, causing a 6% drop in the Indian markets. Emkay believes the correction isn’t deep enough yet at current levels and advises switching investments if the Nifty falls below 20,000.

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• All 12 of the index’s companies were trading lower as Nifty Bank hit its lowest point of the day, 46,077.85. Ranking heavyweights HDFC Bank and ICICI Bank were among the top three laggards, having been surpassed in the slide by Reliance Industries (RIL).

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• Share market today: Nifty 500 saw 21 stocks in green amidst market chaos post-election results. FMCG stocks like Marico, Britannia, and HUL hit all-time highs. Election outcome hints at weaker NDA mandate, possibly signaling return of coalition politics in India.

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• BSE Sensex and Nifty 50 dropped over 5% after exit polls indicated NDA winning over 350 seats. Market stability expected with BJP as primary victor. Shankar Sharma suggests STCG and LTCG tax may be reduced but not increased.

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• Britannia share price today climbed to a new peak of ₹5,414.40 per share on NSE

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• Top Gainers and Losers Today : The Sensex lost 4389.73 points, or -5.74, to settle at 76468.78, while the Nifty lost 1379.4 points, or -5.93, to close at 23263.9.

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• Sensex and Nifty experienced a steep decline, with Sensex dropping 5.74% and Nifty falling 5.93%. Experts suggest immediate support at 22,000 for Nifty, with caution advised for investors amidst the uncertain market conditions.

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• Investors need to watch out for geographical concentration risk as the majority of Brigade’s projects are in the Bengaluru market

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• Stock market today: Nifty 50 records biggest single-day fall in over 4 years; Sensex crashes over 4,000 points

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• Election Results 2024:Nifty Metal Index tumbled 10% during the intraday trades. The fall was led by decline in share prices of NALCO, SAIL, NMDC, Hindustan Copper that dipped up to 19%.

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• Market downturn in India as BJP’s majority in Lok Sabha election comes into question, impacting investor confidence. The Nifty Midcap 100 index plunged 6,106 points, or 11.44%, to reach a two-month low of 47,246 points. Leading the declines were Bharat Heavy Electricals, which plummeted 28%.

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• Historically, Indian benchmark indices have delivered negative returns on only two of the last six Lok Sabha election result days. In intra-day deals today, the BSE Sensex plummeted by as much as 6,234.35 points, equivalent to an 8.1 percent decline, hitting an intra-day low of 70,234.43.

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• The stock is languishing below the ₹6,258.60 level it was at on 26 April, when the company announced it was selling a 12.1% stake in its pharmacy business to a PE firm at a lower-than-expected valuation.

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• Multibagger stock: The Company has approved sub-division of shares in the ratio of 1:5 subject to the approval of the members of the company

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• Stock market today: SBI share price tanked over 19% during Tuesday deals and missed touching lower circuit by a whisker

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• At 1:00 pm, the HUL stock was trading at ₹2,469.05, against previous close at ₹2,355.90 on Monday. The stock increased 2.56 per cent over the previous week and 10% over the previous month.

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• Sebi has proposed a new auction method aimed at improving price discovery for exchange-listed investment companies and holding companies.
• This method uses a special call auction without price bands to address the issue of these shares often trading below book value due to inefficient price discovery.

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• Investor concerns grew as BJP’s majority in Lok Sabha elections became uncertain, causing a significant downturn in Indian stocks. PSU sector saw major losses, with stocks like PFC, REC, and others dropping by 20%.

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• Stock market today: Sensex and Nifty 50 witness steep fall as NDA leads below 300. Exit polls predicted 350–370 seats for NDA, but real counting shows different mood. Markets not liking unclear mandate. India VIX up 39-44%, markets in worst decline in four years.

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• Paytm share price was at 5% lower circuit, Zomato shares cracked 16%, Honasa Consumer shares tanked 17%, while Delhivery and Nykaa stock price plummeted over 8% each.

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• Stock market reaction starkly contrasts with the optimistic projections made by Prime Minister Narendra Modi and Union Home Minister Amit Shah last month.

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• Indian stock market benchmark Nifty 50 cracked over 8 per cent to hit the low level of 21,304.50 in intraday trade on Tuesday, June 4, its lowest since January this year.

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• Market turmoil ensued as early Lok Sabha election trends contradicted exit poll predictions, causing panic among investors. Sensex dropped 5.4%, wiping out Monday’s gains. With uncertainty looming, experts weigh in on strategies to weather the storm and seize opportunities amidst the turbulence.

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• Many of these defence stocks have delivered multibagger returns to their investors over the past year.

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• Election Results 2024: Nifty Oil & Gas index declined more than 9% on Tuesday. State owned companies as GAIL, Oil India, ONGC, HPCL share prices declined 10-15% and were amongst the largest losers during the intraday trades. Reliance Industries share price also was down 7%.

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• Stock market crash: Experts have recommended buying stocks of those companies that have worked on their Capex formation

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• Affordable Robotic & Automation, the first robotics firm to be listed on the BSE, clocked a staggering 197% increase in profit after tax in FY24, causing its stock to surge 11% on 31 May.

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• Brent crude futures fell sharply from $83.94 per barrel to a four-month low of $77.6 in today’s session, marking a 7.7% drop. Similarly, WTI tumbled by 8% over the last five sessions. Despite this recent decline, crude prices remain higher for the year.

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• The benchmark 10-year bond yield was at 7.0130% as against its previous close at 6.9438%. Earlier in the day, the yield hit 7.0375%, the highest in nearly two weeks, and also witnessed its biggest single-session climb since October 6.

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• Following shares hit their 52 week high today – Emami, Phoenix Mills, Thermax, Macrotech Developers, Suzlon Energy

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• Following shares hit their 52 week low today – Tata Elxsi, Atul, HDFC Life Insurance Company, Landmark Cars, LTI Mindtree

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• Adani Group stocks crashed as Indian markets reacted to tighter election results than expected. Adani Total Gas and Adani Green Energy plunged the most. Market cap of Adani stocks fell by nearly ₹1.35 lakh crore, erasing gains from the previous session.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73499.0 in Delhi whereas 1 kg of silver was Rs.90400.0 in Delhi.

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• Optimistic exit polls led to a surge in markets, but sentiment soured as actual election results counting showed mixed trends. Nifty 50 and Sensex plunged. PSU stocks bore the brunt of the market turmoil, with the S&P BSE PSU index plunging nearly 8% in today’s trade.

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• Beacon Trusteeship share price debuted on NSE SME at ₹90, 50% higher than the issue price of ₹60. The IPO subscription status was 465.20 times on the last day of bidding.

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• Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today – DLF Ltd and Crompton Greaves Consumer Electricals Ltd.

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• Stock market today: India VIX Index today touched a new 52-week high of 26.32

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• Dividend Stocks: Coal India, GSFC, GNFC, 360 One Wam, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, VST Industries ITC , Power Grid Corporation of India are amongst top 10 dividend yield picks of Religare Broking.

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• Following a massive correction post-election results, experienced investors see it as an opportunity to buy valuable stocks at lower prices. New investors are cautioned to conduct thorough due diligence and practice effective risk management to avoid significant losses during market corrections.

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