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The sales of 'Models with engine capacity upto 350cc' stood at 22,734 units in May 2021, up 30% year-on-year (YoY). Sales of 'Models with engine capacity exceeding 350cc' stood at 4,560 units in May 2021, up 190% over May 2020.
Total exports zoomed 956% to 7,221 units in May 2021 over May 2020.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space.
Eicher Motors reported 72.9% jump in consolidated net profit to Rs 526.14 crore in Q4 FY21 compared with Rs 304.28 crore in Q4 FY20. Net sales during the quarter increased 33.8% year-on-year (YoY) to Rs 2,930.38 crore.
The scrip rose 0.74% to Rs 2685.25 on the BSE.
Trading could be volatile as traders roll over positions in the F&O segment from the near month June series to July series. The June 2021 F&O contracts will expire today, 24 June 2021.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 25 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading mostly steady Thursday after U.S. shares moved in narrow ranges as traders digested commentary from Federal Reserve officials on the outlook for stimulus.
In US, the S&P 500 erased modest gains earlier and closed in the red on Wednesday as the market's comeback rally took a breather. The Nasdaq hovered near its all-time high on Wednesday.
Dallas Fed President Robert Kaplan, who's penciled in a rate hike next year, said the economy will likely meet the Fed's threshold for tapering asset purchases sooner than people think. His Atlanta counterpart Raphael Bostic said the central bank could decide to slow such purchases in the next few months. Neither are currently voting members of the Fed's rate setting committee.
A measure of U.S. factory activity climbed to a record high in June. Data firm IHS Markit said on Wednesday its flash U.S. manufacturing PMI rose to a reading of 62.6 this month. That was the highest since the survey was expanded to cover all manufacturing industries in October 2009 and followed a final reading of 62.1 in May.
The U.S. current account deficit increased to a 14-year high in the first quarter. The Commerce Department said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 11.8% to $195.7 billion last quarter. That was the largest shortfall since the first quarter of 2007.
Domestic markets:
Back home, key indices reversed early gains and closed near the day's low with modest losses on Wednesday. The barometer index, the S&P BSE Sensex, fell 282.63 points or 0.54% at 52,306.08. The Nifty 50 index lost 85.80 points or 0.54% at 15,686.95.
Foreign portfolio investors (FPIs) bought shares worth Rs 3,156.53 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,317.20 crore in the Indian equity market on 23 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 66 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday, following overnight gains stateside that saw the tech-heavy Nasdaq Composite rising to a record high.
Minutes from the Bank of Japan's April monetary policy meeting released Wednesday showed members agreed that stimulus measures, particularly those in advanced economies, could result in a “faster than expected” pace of recovery for Japan and other countries.
Japan's factory activity expanded at the slowest pace in four months in June. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 51.5 in June from a final 53.0 in the previous month, largely due to a sharp decline in output.
Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains. The S&P 500 ended Tuesday just short of a new closing record, while the tech-heavy Nasdaq Composite climbed to an all-time high.
Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank's intent to encourage a “broad and inclusive” recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.
“We will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances,” Powell said in a hearing before a U.S. House of Representatives panel.
Back home, the main equity indices ended a volatile session with minor gains on Tuesday. The barometer index, the S&P BSE Sensex, rose 14.25 points or 0.03% at 52,588.71. The Nifty 50 index gained 26.25 points or 0.17% at 15,772.75.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,027.94 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 302.45 crore in the Indian equity market on 22 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 82 points at the opening bell.
Overseas, Asian stocks are trading higher on Tuesday, tracking a U.S. equity rebound as the prospect of very gradual policy tightening tempers some of the concerns about the Federal Reserve's hawkish tilt.
Wall Street rallied on Monday as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.
Back home, the domestic equity benchmarks settled with modest gains on Monday. The barometer index, the S&P BSE Sensex, gained 230.01 points or 0.44% at 52,574.46. The Nifty 50 index rose 63.15 points or 0.40% at 15,746.50.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,244.71 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 138.09 crore in the Indian equity market on 21 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 190 points at the opening bell.
Overseas, Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve.
Meanwhile, China kept its benchmark lending rate unchanged. China on Monday announced that the one-year Loan Prime Rate (LPR) was kept unchanged at 3.85% while the five-year LPR was also held steady at 4.65%.
US stocks fell sharply on Friday as traders worried the Federal Reserve could start raising rates sooner than expected.
St. Louis Federal Reserve President Jim Bullard offered a fresh dose of hawkishness, saying Friday that he thinks the Fed should lift its benchmark interest rate as early as late 2022.
Back home, after recording steep losses in the intraday, the domestic equity benchmarks bounced back in late trade and ended almost flat on Friday. The barometer index, the S&P BSE Sensex, rose 21.12 points or 0.04% to 52,344.45. The Nifty 50 index lost 8.05 points or 0.05% to 15,683.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,680.57 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 446.20 crore in the Indian equity market on 18 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 57 points at the opening bell.
Lockdowns imposed by the states in April and May to contain the second wave of the deadly COVID-19 pandemic has likely led to the economy contracting 12% in the June quarter as against 23.9% contraction in the same quarter in 2020, a UBS report said.
The economy had its worst contraction on record in FY21 at 7.3% as the two-and-half months of unplanned lockdown announced by the centre with just a four-hour notice had crippled the economy in the first quarter with a massive 23.9% contraction, which improved to -17.5% in the second quarter.
Overseas, Asian stocks are trading mixed on Friday following an overnight drop for the Dow Jones Industrial Average on Wall Street. Looking ahead, the Bank of Japan is expected to release its statement on monetary policy on Friday, including its interest rate decision.
In US, the Dow Jones Industrial Average fell for a second day as investors digested the Federal Reserve's latest policy update, in which it moved up its timeline for interest rate hikes and forecast higher inflation. Afresh bout of rotation from cyclical stocks pushed the tech-heavy Nasdaq gauge to another record.
The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily from the pandemic recession.
The Labor Department said on Thursday that jobless claims rose 37,000 from the week before to 412,000.
Back home, domestic equity benchmarks ended a volatile session with modest losses on Thursday. The barometer index, the S&P BSE Sensex, lost 178.65 points or 0.34% to 52,323.33. The Nifty 50 index fell 76.15 points or 0.48% to 15,691.40.
Foreign portfolio investors (FPIs) sold shares worth Rs 879.73 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 45.24 crore in the Indian equity market on 17 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 107 points at the opening bell.
Overseas, Asian stocks are trading mostly lower on Thursday, as investors watched for market reaction after the U.S. Federal Reserve on Wednesday moved up its timeline for rate hikes.
U.S. stocks dropped Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will next hike interest rates.
The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on U.S. commerce.
Signaling that broad changes in policy may happen sooner than expected, U.S. central bank officials moved their first projected rate increases from 2024 into 2023, with 13 of 18 policymakers foreseeing a "liftoff" in borrowing costs that year and 11 seeing two quarter-percentage-point rate increases.
The Fed also raised its headline inflation expectation to 3.4% for 2021, a full percentage point higher than the March projection, but the post-meeting statement continued to say that inflation pressures are “transitory.” Powell said inflation could run hotter than the Fed expected amid the economic recovery.
Back home, the domestic equity benchmarks ended with modest losses on Wednesday as firm crude oil prices and negative Asian stocks spoiled investors sentiment. The barometer index, the S&P BSE Sensex, fell 271.07 points or 0.51% to 52,501.98. The Nifty 50 index lost 101.70 points or 0.64% to 15,767.55.
Foreign portfolio investors (FPIs) sold shares worth Rs 870.29 crore, while domestic institutional investors (DIIs), were also net sellers to the tune of Rs 874.20 crore in the Indian equity market on 16 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 10 points at the opening bell.
Overseas, Asian stocks are trading mixed on Wednesday after their U.S. peers retreated from all-time highs, with investors awaiting a policy decision from the Federal Reserve.
Japan's exports rose at the fastest pace since 1980 in May and a key gauge of capital spending grew. Ministry of Finance data on Wednesday showed exports grew 49.6% year-on-year in May, led by U.S.-bound car shipments.
U.S. stocks fell slightly on Tuesday with the S&P 500 and the Nasdaq Composite slipping from their respective records, as investors awaited the key Federal Reserve monetary policy meeting.
On the data front, the final demand index for producer prices advanced 6.6% for the 12 months ended in May, the largest increase since 12-month data were first calculated in November 2010. On a monthly basis, the producer price index for final demand rose 0.8%. Meanwhile, May's retail sales data fell 1.3%,.
The Fed's two-day policy meeting started on Tuesday. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. Fed Chairman Jerome Powell will speak to the press after the central bank issues its statement Wednesday.
Back home, the domestic equity benchmarks ended with decent gains on Tuesday. The barometer index, the S&P BSE Sensex, rose 221.52 points or 0.42% to 52,773.05. The Nifty 50 index added 57.40 points or 0.36% to 15,869.25.
Foreign portfolio investors (FPIs) bought shares worth Rs 633.69 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 649.29 crore in the Indian equity market on 15 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell.
Consumer Price Index-based inflation (CPI) for the month of May came in at 6.30%, higher than April's 4.23%. The higher inflation month-on-month was primarily on the back of a substantial hardening of food prices.
Overseas, Asian stocks are trading mixed on Tuesday after their U.S. peers closed at a record on Monday ahead of a key Federal Reserve meeting.
The Nasdaq Composite jumped to a record high on Monday as investors rotated back into growth-oriented stocks ahead of a key Federal Reserve meeting. Overnight on Wall Street, the Nasdaq Composite gained 0.74% to an all-time closing high of 14,174.14. The S&P 500 also cruised to another record close, rising 0.18% to 4,255.15. The Dow Jones Industrial Average lagged, dipping 85.85 points to 34,393.75.
The Fed's two-day policy meeting will likely dominate investor behavior this week. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. Fed Chairman Jerome Powell will speak to the press after the central bank issues its statement Wednesday.
Back home, the domestic equity benchmarks ended a roller-coaster session with minor gains on Monday. The barometer index, the S&P BSE Sensex, added 76.77 points or 0.15% to 52,551.53. The Nifty 50 index advanced 12.50 points or 0.08% to 15,811.85.
Foreign portfolio investors (FPIs) sold shares worth Rs 503.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 544.26 crore in the Indian equity market on 14 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 63 points at the opening bell.
In economic data, Wholesale Price Inflation (WPI) and Consumer Price Inflation (CPI) inflation for May 2021 is due today, 14 June 2021
India's index of industrial production (IIP) rose by a sharp 134.44% in April 2021, as per data from the National Statistical Office which stressed that the numbers are not strictly comparable with April 2020 when the country was in the midst of a national lockdown. April's industrial output was just 0.08% higher than the pre-pandemic levels of April 2019. On a sequential month-on-month basis, April's IIP contracted 12%.
Overseas, Asian stocks are trading mixed on Monday morning trade, with multiple major markets in the region closed for holidays. Markets in Australia, mainland China and Hong Kong are closed on Monday for holidays.
U.S. stocks rose slightly on Friday with the S&P 500 adding to its new record. The S&P 500 climbed 0.2% to a fresh closing high of 4,247.44, a second record close in a row. The Nasdaq Composite advanced 0.4% to 14,069.42 with Apple, Microsoft and Netflix all registering gains. The Dow Jones Industrial Average gained 13.36 points to 34,479.60.
Meanwhile, leaders of the Group of Seven wealthy nations staked their claim Sunday to leading the world out of the coronavirus pandemic and crisis, pledging more than 1 billion coronavirus vaccine doses to poorer nations, vowing to help developing countries grow while fighting climate change and backing a minimum tax on multinational firms. The G-7 also backed a minimum tax of at least 15% on large multinational companies to stop corporations from using tax havens to avoid taxes, a move championed by the United States.
Back home, key indices ended with small gains on Friday, supported by firmness in IT pivotals. The barometer index, the S&P BSE Sensex, rose 174.29 points or 0.33% at 52,474.76. The Nifty 50 index gained 61.60 points or 0.39% at 15,799.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 18.64 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 666.36 crore in the Indian equity market on 11 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.
Overseas, Asian stocks are trading mixed on Friday, following gains overnight on Wall Street that saw the S&P 500 sailing to a record closing high.
Wall Street stocks ended higher on Thursday, with the S&P 500 closing above its prior record high set on May 7, as economic data appeared to support the Federal Reserve's assertion that the current wave of heightened inflation will be temporary.
Consumer prices for May accelerated at their fastest pace since the summer of 2008 amid the economic recovery from the pandemic-triggered recession, the Labor Department reported Thursday.
The consumer price index, which represents a basket including food, energy, groceries and prices across a spectrum of goods, rose 5% from a year ago.
The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly after being held back for months by the coronavirus pandemic. Jobless claims fell by 9,000 to 376,000 from 385,000 the week before, the Labor Department reported Thursday.
Back home, the main equity indices ended with strong gains on Thursday amid positive global cues. The barometer index, the S&P BSE Sensex, rose 358.83 points or 0.69% at 52,300.47. The Nifty 50 index gained 102.40 points or 0.65% at 15,737.75.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,329.70 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 575.19 crore in the Indian equity market on 10 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 36 points at the opening bell.
The economic impact of the second wave COVID-19 is likely to be restricted to the first quarter of 2022, the Department of Economic Affairs said in its monthly report.
As per the DEA, rapid vaccination of India's population and the frontloading of the fiscal measures are the key to invigorating investment and consumption.
Overseas, Asian stocks are trading higher on Thursday, as investors looked ahead to an upcoming release of U.S. inflation data for May.
U.S.-China tensions are in focus, with Joe Biden revoking Trump-era bans on TikTok and WeChat. The president ordered a review of software applications from foreign adversaries and action against those that pose a security risk.
Wall Street stocks ended lower on Wednesday, reversing earlier gains as investors awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.
Focus is locked on Thursday's release of U.S. consumer price data and a European Central Bank meeting for further clues about how soon policymakers may begin to withdraw support for Europe's economy rolled out following the COVID-19 crisis.
Back home, equity indices ended a volatile session with steep losses on Wednesday, led by weakness in banks and auto shares. The barometer index, the S&P BSE Sensex, slipped 333.93 points or 0.64% at 51,941.64. The Nifty 50 index lost 104.75 points or 0.67% at 15,635.35.
Foreign portfolio investors (FPIs) sold shares worth Rs 846.37 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 271.70 crore in the Indian equity market on 9 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 4 points at the opening bell.
World Bank on June 8 projected India's economy to grow at 8.3 per cent in 2021. Earlier, the World Bank had estimated Indian economy to grow at a pace of 10.1 percent in FY 2021-22. Citing the reason to slash the FY22 growth of Indian economy, the global lending and monitoring body said that India has been hampered by the largest outbreak of coronavirus cases that any country has seen since the beginning of the pandemic.
“In India, an enormous second covid-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of FY2020/21, especially in services. With surging covid-19 cases, foot traffic around work and retail spaces has again slowed to more than one-third below pre-pandemic levels since March, in part due to greater restrictions on mobility," World Bank said in its latest Global Economic Prospects report.
The World Bank on Tuesday upgraded its growth forecast, with the global economy now expected to grow 5.6% in 2021. That compared against an earlier forecast in January for a 4% global economic expansion in 2021.
Still, the organization warned in a Tuesday press release that global output will be about 2% below pre-pandemic projections by the end of this year in spite of the recovery.
Overseas, Asian stocks are trading mostly lower on Wednesday, as investors reacted to the release of Chinese inflation data.
China's factory gate prices increased at the fastest pace since September 2008, official data showed on Wednesday, while consumer inflation also accelerated but at a slower-than-expected rate.
The producer price index (PPI) rose 9.0% from a year earlier in May, according to a statement from the National Bureau of Statistics.
Wall Street stocks finished a choppy session little changed Tuesday as markets digested data showing a lower US trade deficit.
The US trade deficit dipped by $6.1 billion to $68.9 billion in April, slightly larger than expected, as exports rose and imports fell, according to Commerce Department data.
Back home, the main equity indices ended with tiny losses on Tuesday. The barometer index, the S&P BSE Sensex, slipped 52.94 points or 0.10% at 52,275.57. The Nifty 50 index lost 11.55 points or 0.07% to 15,740.10.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,422.71 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,626.98 crore in the Indian equity market on 8 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 33 points at the opening bell.
On the coronavirus front, all citizens aged above 18 would be vaccinated at free of cost by the Centre, Prime Minister Narendra Modi announced on June 7. All state-level vaccine procurement would also be taken over by the central government, Modi said. From June 21, Tuesday, all citizens of India above 18 years of age will be given free vaccination, Modi added.
Overseas, Asian stocks are trading mixed on Tuesday, as investors reacted to the release of Japan's revised first-quarter gross domestic product figures.
Revised government data released Tuesday showed Japan's economy shrank 3.9% in the first quarter, an improvement from the initial estimate of a 5.1% contraction.
US stocks clawed back much of their early losses and ended mixed on Monday. Investors are focused on inflation data in the week ahead, with May's Consumer Price Index (CPI) scheduled to be released Thursday.
Back home, domestic indices closed with modest gains on Monday as declining COVID-19 cases and positive global stocks boosted sentiment. The barometer index, the S&P BSE Sensex, added 228.46 points or 0.44% at 52,328.51. The Nifty 50 index gained 81.40 points or 0.52% to 15,751.65.
Foreign portfolio investors (FPIs) sold shares worth Rs 186.46 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 983.97 crore in the Indian equity market on 7 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 40 points at the opening bell.
Goods and services tax revenue for April, collected in May, remained above the Rs 1 lakh-crore-mark, even as the second wave of Covid-19 infections hurt economic activity. The GST collections for April were at Rs 1,02,709 crore, according to a statement from the Ministry of Finance on Saturday. That's 27% below the Rs 1.41 lakh crore collected in March.
Overseas, Asian stocks are trading mixed on Monday as investors looked ahead to Chinese trade data for May. Markets in Malaysia and New Zealand are closed today for holidays.
In other developments, finance ministers from the Group of Seven over the weekend backed a U.S. proposal that calls for firms globally to pay at least 15% tax on earnings.
U.S. stocks closed higher Friday after the May nonfarm-payrolls report showed a less-than-expected gain, leading investors to bet that the Federal Reserve will maintain its easy-money policies for longer.
The U.S. economy added 559,000 jobs in May, the Labor Department said on Friday. The number came in slightly lower than an estimated from economists, but still showed a healthy rebound in the labor market. It's an improvement from the upwardly revised 278,000 payrolls added in April.
The unemployment rate fell to 5.8% from 6.1%, which was better than the estimate. As per reports, the jobs report, while solid, is not strong enough to trigger the Federal Reserve to dial back its bond buying program.
Back home, the domestic equity benchmarks ended with small losses on Friday, tracking negative global cues. The barometer index, the S&P BSE Sensex, declined 132.38 points or 0.25% to 52,100.05. The Nifty 50 index lost 20.10 points or 0.13% to 15,670.25.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,499.37 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,175.01 crore in the Indian equity market on 4 June, provisional data showed.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 7 points at the opening bell.
RBI policy:
RBI's Monetary Policy Committee (MPC) began its bi-monthly deliberations on Wednesday, 2 June. The monetary policy outcome will be announced today, 4 June. MPC is widely expected to keep the policy interest rates unchanged, maintain the accommodative stance and ensure adequate liquidity in the system to stimulate growth. The RBI had kept key interest rates unchanged at the last MPC meeting held in April this year. The repo rate was kept at 4% and the reverse repo rate at 3.35%.
Overseas, Asian stocks are trading lower on Friday after U.S. equities sagged amid robust economic data that stoked concerns about a pullback in central bank stimulus.
US stocks ended lower on Thursday, though they came off lows on signs President Joe Biden may be willing to compromise on corporate taxes. Strong U.S. jobs data and record service-sector growth underscored the recovery from the pandemic.
Back home, Key equity benchmarks ended with strong gains on Thursday, with small and midcap stocks outperforming. The barometer index, the S&P BSE Sensex, advanced 382.95 points or 0.74% to 52,232.43. The Nifty 50 index gained 114.15 points or 0.73% to 15,690.35.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,079.20 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 278.97 crore in the Indian equity market on 3 June, provisional data showed.