
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.