Market record fall, NDA leads the voting

                

Market ka Capsule

Market record fall, NDA leads the voting, & more

Tuesday, 4-June-2024

Sensex 72,079.05 ⏷ 5.74% | Nifty 21,884.50 ⏷ 5.93%

Pointers:

• Markets saw heavy selling today and touched record lows.
• Today's lowest point was at around 12:29 PM when the markets were down 8%.
• The Oil and gas stocks fell significantly, and PSU stocks fell over 15%.
• The volatility is largely linked to election results.
• The US markets were down.
• European markets were down.
• Asian Markets showed mixed trends too.

    

TOP GAINERS:     (Nifty 50)

HUL                        Rs. 2,496.30 ▲ 5.96%

Nestle                     Rs. 2,427.75 ▲ 3.09%

 

Britannia                 Rs. 5,325.10 ▲ 3.04%

Hero Moto              Rs. 5,310.70 ▲ 2.91%

Tata Consumer       Rs. 1,087.00 ▲ 1.67%

TOP LOSERS:        (Nifty 50)

Adani Ports            Rs. 1,248.95 ⏷ 21.15%

Adani Enterprises  Rs. 2,941.25 ⏷ 19.31%

ONGC                    Rs. 236.30  ⏷ 16.83%

NTPC                     Rs. 331.25 ⏷ 15.45%

SBI                         Rs. 775.20 ⏷ 14.40%

News:

• As per estimates, NDA is leading with 280-300 seats in Lok Sabha elections. INDIA (Congress + allies) bagged around 230 seats (as of writing this news). 272 seats are required to form a government. 
• The Nifty Bank Index fell from 51,000 points. Understanding the Nifty Bank Index. Learn Click Here
• Indian Railways carried 139.16 million tonnes of freight in May 2024, 3.6% higher than May 2023.
• Cargo traffic of India's major ports rose 3.75% year-on-year to 72.04 tonnes in May: Indian Ports Association.
• NHAI has reportedly increased toll charges by an average of 5%.
• The US, UAE, and Netherlands were the top export destinations for India in 2023-24: Commerce Ministry.

Stock Updates:

• PNB: the company has signed a long-term agreement with IIFCL to fund upcoming infra projects.
• Shriram Finance: raised $ 468 million in multi-currency loans for business growth.
• ICICI bank: has launched a co-branded VISA credit card with Adani Group.
• Mphasis: has partnered with a quantum software company "Classiq", to provide quantum computing solutions to other firms.
• SBI: crossed the Rs. 8 lakh crore market capitalization. Learn about Market Capitalization. Click Here
• L&T: The income tax department has imposed a penalty of over Rs. 4.60 crores.
• InterGlobe (Indigo): the company will start 10 new destinations in FY 25.

News:

• Kronox Lab IPO: the issue has been subscribed 24.59 times. Retail subscription: 24.55 times. Open till 5th June 2024. 

1-Day Change

Gold             71,820.00 ▲ 0.45%

Silver             90,420.00 ⏷ 1.30%

Dow Jones    38,571.03 ⏷ 0.30% 

Nasdaq         16,828.67 ▲ 0.56%

Featured Question:

“This week we learned about different types of Mutual funds but practically how we can recognize the type of MF by looking at the Mutual fund name? like whether it is a multi-cap fund or dividend fund, etc.”

Usually, reading the full name of the mutual fund itself is enough to know the type of mutual fund.

But sometimes, it can be confusing.

Please check the platform you are using to invest in a mutual fund.

Every mutual fund has a unique SID (Scheme Information Document).

This SID contains all the details of that particular mutual fund — including category, sub-category, direct or regular, benchmark, etc.

You can usually download the SID in PDF form and read all the details.

Long-Term Returns

Last 20 Years

Sensex               ▲ 14.40% p.a.

Nifty                  ▲ 14.26% p.a.

Dow Jones           ▲ 6.88% p.a.

Nasdaq               ▲ 11.35%  p.a.