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Today’s Share Market Live |  Sensex, Nifty, BSE, NSE, Stock Prices, Stock Market News Updates Tuesday 6th June

11:11 (IST) 6 June 2023

IKIO Lighting IPO opens for subscription, GMP rises; Should you subscribe to the Rs 607 crore public issue?

The IKIO Lighting IPO opened for public subscription today, i.e., Tuesday, June 6, and closes on Thursday, June 8. The auction for anchor investors ended on Monday, in which the company raised Rs 182 crore. The price band for its public issue is Rs 270-285 per equity share of Rs 10 face value. At the upper end of the price band, the company’s promoters and shareholders are looking to raise Rs 607 crore from the IPO. Ahead of the public issue, the GMP of IKIO Lighting shares rose to Rs 95 per equity share, 33% above the upper end of the share price in the offer.

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11:09 (IST) 6 June 2023

Gold Prices Today, June 6: Gold Steady, Dollar Softens; Traders eye US Fed rate hike decision

Silver prices rose 0.25% while gold prices traded unchanged on Tuesday. On the Multi Commodity Exchange, gold August futures were trading at Rs 59,869 per 10 gram, up by Rs 21, or 0.04 per cent. On the MCX, silver July futures were trading higher by Rs 177 at Rs 72,049 per kg. Globally, yellow metal prices settled in a tight range on Tuesday as optimism that the US central bank would not raise interest rates this month pressured the dollar. By 0239 GMT, spot gold stood at $1,960.89 an ounce. US gold futures rose 0.1% to $1,976.80.

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10:37 (IST) 6 June 2023

Bank Nifty F&O maturity shifted from Thursday to Friday; Expires first Friday, July 14th

NSE informed that the expiry date of Bank Nifty Futures and Options (F&O) has been changed from Thursday to Friday. The changes will be effective from the trading date of Friday 7th July 2023; Accordingly, all existing contracts expiring on Thursday will be renewed by the close of day on July 6, 2023, on Friday. The first Friday will expire on July 14, 2023. If Friday is a trading holiday, the expiry date will be the preceding trading day, NSE added. Last month, BSE Sensex and BankEx changed the expiry day of monthly, weekly and long-term futures and options contracts from Thursdays to Fridays.

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10:13 (IST) 6 June 2023

Bank Nifty F&O expiry day changed from Thursday to Friday

Bank Nifty futures and options maturity has been changed from Thursday to Friday, NSE said.

09:42 (IST) 6 June 2023

SBI Cards and Payment Services shares fell 0.4 percent.

Shares of SBI Cards and Payment Services fell 0.4% to Rs 916.25 after the board approved raising funds by issuing non-convertible debentures (NCDs) raising up to Rs 3,000 crore in one or more tranches on private placement basis.

09:40 (IST) 6 June 2023

Paytm share price gains marginally

Paytm shares rose 0.22 percent to Rs 715.65 after the company’s disbursements rose 169% to Rs 9,618 crore in April and May. On a volume basis, loans rose 54% to 8.5 million.

09:32 (IST) 6 June 2023

Nifty IT tanks 1.5%; Check out Biggest Losers

The Nifty IT fell 439.50 points, or 1.50 per cent, to 28,799.25. Stocks like Persistent Systems, Emphasis, Coforge, Infosys and Tech Mahindra did not gain.

09:29 (IST) 6 June 2023

Bank Nifty above 44140; Check out the top achievers/losers

Bank Nifty gained 47.90 points, or 0.11 per cent, to 44,149.55. Axis Bank, Kotak Bank, IndusInd Bank, IDFC First Bank and PNB were the top gainers on the Nifty 50, while Infosys, Tech Mahindra, Wipro, HCL Tech and TCS were the losers.

09:11 (IST) 6 June 2023

Nifty and Sensex ended flat pre-open

Benchmark indices ended the pre-opening session flat. The NSE Nifty 50 was down 6.95 points, or 0.04 percent, at 18,600.80, while the BSE Sensex was down 49.12 points, or 0.08 percent, at 62,738.35.

09:03 (IST) 6 June 2023

Bank Nifty may move towards 45000 if it sustains above 44050

If Bank Nifty sustains above 44050 range on weekly basis, it will start moving towards 45000 in coming weeks. Resistance is around 44000-44100 and support around 43900-43950. Technical indicator RSI is around 60, holding above 50 level is showing strength,” said Mitesh Karva, research analyst at Bonanza Portfolio Ltd.

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09:02 (IST) 6 June 2023

Bank Nifty may trade in the range of 43700-44300

Bank Nifty is expected to continue trading in the range of 43700-44300. This suggests that the index is likely to move sideways without a clear trend,” said Kunal Shah, senior technical & derivatives analyst at LKP Securities.

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09:02 (IST) 6 June 2023

Bank Nifty first found support at 44185 and then 44090 while resistance at 44393 and 44506

The Bank Nifty has developed a cooling-off setup on the weekly chart, indicating momentum building for the time being. Bank Nifty Intraday Strategy: Place stop loss at 43700 and buy the dip. JM Financial’s Rahul Sharma says first support at 44185, then 44090 and resistance at 44393 and 44506.

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09:02 (IST) 6 June 2023

Despite the sideways trend, Nifty’s undertone remains bullish

“The Nifty sideways movement is accompanied by low trading volumes, indicating a relatively low level of market participation and activity. The index has support at 18550 and resistance at 18660. Despite the sideways trend, the overall market remains bullish,” said Kunal Shah, senior technical & derivatives analyst at LKP Securities.

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09:01 (IST) 6 June 2023

If it crosses 18550, Nifty may rally to 18650-18700.

“The Nifty has formed a short bearish candlestick, indicating uncertainty between bulls and bears. The positive sentiment is likely to continue as long as the index trades above 18550. Above this, the index may rally to 18650-18700. On the other hand, below 18550, selling pressure is likely to accelerate. Below that, the index could slip up to 18500-18450,” said Srikanth Chauhan, Head, Equity Research (Retail), Kotak Securities Ltd.

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09:01 (IST) 6 June 2023

Nifty seems to have entered a consolidation phase

“Nifty seems to have entered a consolidation phase with immediate support at 18500-18450, while immediate resistance is observed at 18650-18700. A sustained close above this crucial resistance needs to start building a momentum and markets seem to be waiting for a trigger for this to happen,” said Rajesh Bhosale, technical analyst at Angel One Ltd.

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09:01 (IST) 6 June 2023

A break above 18664 may push Nifty to an all-time high of 18888.

“The key support level to watch for Nifty is 18417 and the key hurdles is 18664. If Nifty breaks the 18664 mark, it will trigger a big bounce back to the all-time high of 18888,” said Prashant Tapse, Sr. VP (Research), Mehta Equities Limited.

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09:00 (IST) 6 June 2023

Nifty strong support between 18450-18500

“The volume profile suggests that Nifty has strong support in the 18450-18500 zone. Coming to the OI data, on the call side, the highest OI was observed at 18600 followed by the 18700 strike price, while the highest OI was at the 18500 strike price,” said Devan Mehta, equity research analyst at Choice Broking.

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08:59 (IST) 6 June 2023

Nifty supports at 18583 and 18500 while resistance at 18640 and 18663

The NSE Nifty 50 has developed a cooling-off setup on the weekly chart, indicating momentum building for the time being. However, the undertone is still bullish as the Market Breadth Thirst indicator has improved significantly. Nifty Intraday Strategy: Bearish with stop loss at 18663 for a target of 18500. Positional View: Buy on the dip – Target: 19000. First support at 18583 and then 18500 while resistance at 18640 and 18663 Rahul Financial, JM

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08:06 (IST) 6 June 2023

Manappuram Finance, India Cements, Indiabulls Housing Finance Securities under F&O ban today

Manappuram Finance, India Cements and Indiabulls Housing Finance Securities are on the F&O ban list of the National Stock Exchange on June 6. According to NSE, stocks are banned in the F&O sector if they exceed 95% of the market wide position limit (MWPL). During the F&O ban period, no new positions are allowed for F&O contracts in that stock.

08:05 (IST) 6 June 2023

Should Nifty rise to 18600 or snap two-day winning streak? Check US stocks, Asian stocks, FII activity, SGX Nifty and more

“The equity market remains stable due to continuous flow of favorable domestic economic indicators. Stronger-than-expected domestic PMI figures, continued growth in auto sales and strong expansion in bank credit have given investors confidence in India’s growth prospects. On the other hand, US employment data presented a mixed picture, with the unemployment rate rising to 3.7% from 3.4% in May while non-farm payrolls showed acceleration,” said Vinod Nair, head of research at Geojit Financial Services.

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08:04 (IST) 6 June 2023

Stocks to Watch: Adani Enterprises, Godrej Consumer, SBI, SBI Cards, Paytm, Tata Power, Indian Energy Exchange

SGX Nifty ended marginally lower on Tuesday, indicating a slight negative opening for domestic indices NSE Nifty 50 and BSE Sensex. However, the previous day’s trading session ended on a positive note, with the Nifty 50 closing at 18,594, reflecting a gain of 0.32%, while the Sensex was up 0.38% or 240 points at 62,787.

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08:02 (IST) 6 June 2023

Asian markets are mostly trading in the green

Asian markets were trading mostly in the green – Hong Kong’s Hang Seng was up 0.23%, China’s Shanghai Composite index was up 0.30%, Asia Dow was up 0.21% and Japan’s Nikkei 225 was up 0.19%.

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