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Stock Market News- M&M Falls, Bajaj Auto Gains 2%, Oil Market rally

M&M Falls - After Block Deal, May Auto Sales Report Shares of Mahindra & Mahindra fell as much as 1.4 percent to Rs 638.20. About 2.2 crore shares of the company changed hands in a block deal during pre-market trade.


Bajaj Auto Gains 2% -  Bajaj Auto reported a 3 percent increase in its sales at 4.19 lakh units for May, against 4.07 lakh units sold in the same month last year. Domestic sales increased 5 percent to 2.35 lakh units against 2.24 lakh units while exports increased 1 percent to 1.83 lakh units against 1.82 lakh units.

Rupee Opening: The Indian rupee has opened at 69.50 a dollar on June 3, higher by 17 paise compared to Friday's close of 69.67 a dollar.

Hero MotoCorp and Asian Paints top gainers - The Sensex is trading 24 points up at 39,738, while the Nifty is trading 6 points higher at 11,928.75. Hero MotoCorp and Asian Paints shares are among the top gainers, jumping more than 2% each. 

Oil Marketers Rally  - On Falling Crude Prices Shares of the oil marketing companies rallied after the Brent crude fell over 6 percent to trade at $60.55 a barrel.

RBI policy review: Rate cut a certainty after weak GDP data. Although an overwhelming majority of Reserve Bank of India (RBI) watchers were penciling in a rate cut on June 6, it seems the 5.8 percent growth in the gross domestic product (GDP) for the fourth quarter has now solidified that view even among those who advised caution. 


Market News | RBI Policy | M&M Shares | Bajaj Auto | Hero Moto Cop | Oil Market

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