Indian Stock Market News

Sun Pharma, Lupin, SBI, Axis Bank and Adani Ports are up while L&T, Bajaj Auto, ICICI Bank, Dr Reddy's Labs and HDFC Bank are losers in the Sensex. For more information visit www.marketmagnify.com/stock-cash-tips.php 

 Neyveli Lignite has long-term borrowings of Rs 7000 crore. Financing for the power station will come from cash reserves, says SK Acharya, chairman of Neyveli Lignite. 

Citigroup Global Markets Mauritius Private Limited sold 2,688,898 shares of Castrol India at Rs 375.70 per share on the NSE.

Analysts polled by CNBC-TV18 estimate that footfall growth may go higher by 23.5 percent at 15.05 million compared to 12.2 million (YoY). Footfall growth is likely to be aided by new screens. The company has added 25 Screens this quarter. 

Way2Wealth has come out with its report on currencies. According to the research firm, one can Sell USDINR below 67.10 for the target of 66.62 with a stop loss of 67.36 .

The US FDA has given an Establishment Inspection Report to Lupin's Mandideep facility which clears the unit of observations made earlier. 

 

According to Angel Broking, Rupee is likely to appreciate owing to positive trend seen in the Asian markets after Brent crude prices crossed $50 a barrel . Moreover, the Indian government has approved to launch capital goods policy to create demand and improve exports. 

Buy RIL, ITC, Motherson Sumi, Century Textiles: Rahul Mohindar. 

Equity benchmarks continued to see buying interest on first day of June series. The Nifty is inching towards 8150 level, up 55.65 points or 0.69 percent at 8125.30.