Morning Update 02-06-2025 :
#NIFTY50 :
Nifty opened lower and briefly showed signs of recovery, but sellers quickly took charge, pulling the index sharply down. Although it made a mild recovery attempt, it remained range-bound for the rest of the session and ended in the red. View remains buy on dips.
BANK NIFTY:
Bank Nifty started on a positive note but came under early selling pressure, slipping into negative territory. It made a recovery attempt but stayed below the previous close. In the latter half, renewed buying interest lifted the index, ending the session with gains. View buy on dips with outperformance.
Nifty 50
Support Level : 24600
Resistance Level : 25000
Bank Nifty
Support Level : 55100
Resistance Level : 56100
Result corner
Stocks in news
-LT gears up for nuclear entry, to focus on small modular reactors
-VEDL The board approved the issuance of NCDs worth ₹5,000 crore on a private placement basis.
-IRCON Company Secures Rs 1,068 Cr EPC Contract from East Central Railway for Ganga Rail Bridge Project
-NIBE Company was signed by DRDO’s arde for a technology transfer agreement with, pune, for manufacturing pinaka mbrl and battery command post
-ADANIENSOL Company received order of Rs 1,660 crore inter-state transmission project in Maharashtra
-INDIGO Company signs MoU with Airbus for 30 more widebody Airbus A350 aircraft taking the total order for A350 planes to 60
-RUDRAGAS Company announced the receipt of a Letter of Award (LOA) from Indraprastha Gas Limited
-MAZDOCK India’s First Dual-Coast Submarine Manufacturing: Mazagon Dock, Hindustan Shipyard to sign historic pact
Quick Takeaways
-Net GST revenue grows 20.4% to Rs 1.7 trn on import taxes: Govt data
-Govt cuts natural gas price for CNG, cooking use for first time in 2 yrs
-Rising US yield, weakening dollar are everyone's problem, says KIE
-Indian steelmakers eye robust growth in FY26 but China clouds gather
F&O Stocks in Ban : Manappuram Finance Ltd.