Indian Market Highlights

The Sensex and Nifty remained stable on June 6th as the focus shifted to government formation. The rupee rebounded against the US dollar.

Top gainers on June 7th in the Nifty included Mahindra & Mahindra, Wipro, Tech Mahindra, and Infosys. Top losers were SBI Life Insurance and Tata Consumer.

Global Market Indices

• S&P 500: 5,352.96 (-0.02%)
• Dow Jones: 38,886.17 (+0.20%)
• NASDAQ: 17,173.12 (-0.09%)
• Nikkei 225: 38,683.93 (-0.05%)

Top/Worst Performing Sectors

• Top: Tech sector led by AI and data center plays
• Worst: Industrials sector due to outlook cuts

Economic Indicators

• US Consumer Confidence rose to 102.0 in May from 97.5 in April
• US Leading Economic Index decreased 0.6% in April, indicating softer conditions ahead
• Upcoming: US unemployment rate for May expected at 3.9% on June 7th

Earnings Reports

• J.M. Smucker beat expectations, EPS forecast 2.32
• NIO EPS forecast -0.31
• Ciena met expectations once, beat 3 times

Analyst Recommendations

• AT&T: Moderate Buy
• Square: Average target $90.43
• Nvidia: 77 Buy, 4 Hold
• Exxon Mobil downgraded to Hold, target $124

Focus Stock: Microsoft (MSFT)

• Current Price: $424.52
• P/E Ratio: 36.78x
• EPS: $2.94
• Revenue (Q4): $61.86B
• Net Income (Q4): $21.94B
• 95% analysts recommend Buy

Technical Analysis Concepts

• Support/resistance levels indicate potential bounce or decline areas
• Moving averages help identify trends over time
• MACD, RSI, Stochastic indicate momentum, overbought/oversold conditions