Wealth Creation
Wealth Creation
June 6, 2025 at 03:22 AM
Morning Update 06-06-2025 : NIFTY: Nifty opened slightly higher and rose on early buying. It traded in a range, gained mid-session, but late selling trimmed gains, ending with a modest rise. The view is of high volatility ahead of the RBI monetary policy; buying is advised near 24,700 with a 50-point stop-loss, targeting 25,000–25,200. BANK NIFTY: Bank Nifty opened higher but slipped into the red early on. It rebounded and traded in a narrow range, but late selling pulled it lower again before a partial recovery by close. View remains of high volatility ahead of RBI policy; index is in a broad range of 55,000–56,200 with a clear trend likely on breakout. Nifty 50 Support Level : 24600 Resistance Level : 25000 Bank Nifty Support Level : 55200 Resistance Level : 56200 Result corner Stocks in news -VEDL declares allotment of NCDs worth ₹5000 crore via private placement basis -CENTRALBK acquires 24.9% stake in Future Generali India Insurance -POWERGRID acquires MEL Power Transmission from PFC Consulting -JSWENERGY Company commissioned 281 MW of organic renewable energy capacity, increasing its total installed capacity to 12,499 MW -ASHOKA Company Gets LOIs for Rs 1,387 Cr Traffic Mgmt Projects in Maharashtra -COALINDIA Company and Indian Port Rail Sign MOU for Development of Rail Infrastructure of Cil and Its Subsidiaries  -RAMASTEEL Company announced its entry into the renewable energy sector by investing in a 225 MW solar power project under the PM-KUSUM scheme  -NILASPACES Company Unit Awards Construction Contract worth Rs 1.3 billion to Riveria Infrastructures -IMAGICAA Company Secures Rs 275 Cr Loan from HDFC Bank for Park Business Acquisition -AGNI-ST Company has received a Letter of Award (LoA) from West Bengal Renewable Energy Development Agency Quick Takeaways -Tech firms must embrace AI fast or risk falling behind: KPMG report -India coal power output drops 9.5% in May at fastest pace in five years -Govt targets at least 1,000 hydrogen trucks, buses on roads by 2030 -India likely to attract investments worth Rs 8,000 crore at India Energy Storage Week 2025 F&O Stocks in Ban : Aditya Birla Fashion and Retail Ltd., Manappuram Finance Ltd., Chambal Fertilisers & Chemicals Ltd.

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