Sensex and Nifty Record Largest Gains in Three Years On June 3, 2024

Nifty ? ? ? ? 23,263 [+733] 3.25

Sensex? ? 76,468 [+2,507] 3.39

Reasons for Market Up?

• The anticipation of political stability and robust economic growth contributed to the optimism. Investors showed confidence in large-cap, mid-cap, and small-cap stocks, leading to fresh record highs across various indices.

• After a month of cautious trading, market participants resumed buying across the board, reflecting renewed investor optimism and confidence in the market's prospects.

Top 3 Stocks That Gained The Most?

Nifty

Adani Ports:? +10.62

SBI:? +9.48?

NTPC Limited:? +9.33

Sensex

PowerGrid Corp:? +9.94

SBI:? +8.99

NTPC Limited:? +8.62

• The stocks of the State Bank of India (SBI) and Adani ports surged today due to optimistic investor sentiment following exit polls projecting a resounding victory for the ruling NDA.?

Sectors of the Day?

Nifty PSU Bank: ? +8.40?

Nifty Oil & Gas: ? +6.81

Nifty Realty: ? +5.95

IPO Performance?

• Beacon Trusteeship shares are expected to be listed on the NSE SME platform around June 4, 2024.?

• Ztech India shares are expected to be listed on the NSE SME platform around June 4, 2024.?

• Associated Coaters Limited IPO Allotment is scheduled for June 4, 2024.?

Key Events To Track For 4th June 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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