Top Gainers & Losers

Top Gainers in Nifty Index Today:

• NTPC: +9.14%
• State Bank Of India: +9.07%
• Power Grid Corporation Of India: +8.92%
• Oil & Natural Gas Corporation: +7.47%
• Adani Enterprises: +6.86%

Top Losers in Nifty Index Today:

• Eicher Motors: -1.32%
• LTI Mindtree: -1.12%
• HCL Technologies: -0.73%
• Asian Paints: -0.51%
• Sun Pharmaceutical Industries: -0.46%

Global Market Indices

• FTSE 100: 8,306.84 (+0.38%)
• Nasdaq 100: 18,536.65 (-0.01%)
• Dow Jones: 38,686.32 (+1.51%)
• S&P 500: 5,277.51 (+0.80%)
• Nikkei 225: 38,923.03 (+1.13%)
• DAX: 18,632 (+0.7%)

Sector Performance

• Best Performing Sector YTD: Technology (+13.42%)
• Worst Performing Sector YTD: Real Estate (-4.17%)

Economic Indicators

• US Consumer Confidence rose to 102.0 in May from 97.5 in April
• Consumers’ inflation expectations increased to 5.4% in May
• US Leading Economic Index fell 0.6% in April, indicating softer conditions ahead

Upcoming Earnings

• Amazon (AMZN) expected on 8/1/2024
• Tesla (TSLA) expected on 7/17/2024
• Microsoft (MSFT) date not specified, but estimates for S&P 500 EPS near $243 for 2024

Focus Stock: Tata Power

• Sector: Electric Utilities
• Current Price: Rs 456.50
• P/E Ratio: 34.13
• Market Cap: Rs 1,39,556.50 Cr
• Revenue (2024): Rs 61,448.90 Cr
• Net Income (2024): Rs 3,696.25 Cr

Analyst Recommendations

Deutsche Bank: Buy, $190 Target Price (Tata Power)

Square (SQ)

• Avg Analyst Price Target: $90.43

Nio (NIO)

• Avg Analyst Price Target: $6.66

US Steel (X)

• Avg Broker Rating: 2.79/5 (Hold)

Honeywell (HON)

• Avg Rating: Hold
• Avg 12-Month Target: $215.71

Market Highlights

• Sensex dropped 617 pts on 5/30, Nifty below 22,500
• US consumer confidence rebounded in May to 102
• Sensex, Nifty ended with marginal gains on 5/31 after 5-day fall

Support & Resistance

Support and resistance levels are key technical analysis concepts identifying price points where a prevailing trend may pause or reverse due to demand/supply dynamics. They are identified using trendlines, moving averages and can act as strategic entry/exit points for trades.