As of Tuesday, June 3, 2025, here's the latest update on the Indian stock market:
📊 Market Overview
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Sensex: Closed at 81,373.75, down 77.26 points (-0.09%)
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Nifty 50: Closed at 24,716.60, down 34.10 points (-0.14%)
In the pre-opening session today, the Sensex was down 40.56 points at 81,333.19, while the Nifty was up 81.25 points at 24,797.85, indicating a flat to slightly positive start.
🌐 Global Cues
Asian markets are trading mixed, with modest gains in Japan and Hong Kong. The GIFT Nifty futures were trading higher by 96.50 points at 24,866.50, suggesting a positive opening for Indian markets.
🔍 Stocks in Focus
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Adani Group: Under scrutiny following reports of importing Iranian LPG through Mundra Port.
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Biocon: Received approval for its diabetes drug Liraglutide.
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PTC India Financial Services: Secured a ₹1.25 billion recovery.
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Mphasis: Clarified speculation regarding its contract with FedEx.
📈 IPO Listings
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Prostarm Info Systems: Listed today on both BSE and NSE.
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Astonea Labs: Set to debut on the BSE SME platform; a flat listing is anticipated.
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Nikita Papers: Scheduled to list on the NSE SME platform today.
📌 Analyst Recommendations
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Hudco: Buy between ₹246–₹250; Target: ₹280; Stop Loss: ₹235.
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Indian Hotels: Buy between ₹780–₹790; Target: ₹835; Stop Loss: ₹760.
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Jubilant Ingrevia: Buy at ₹734.05; Target: ₹786; Stop Loss: ₹708.
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IDBI Bank: Buy at ₹101.27; Target: ₹110; Stop Loss: ₹97.
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SBFC Finance: Buy at ₹114.48; Target: ₹123; Stop Loss: ₹110.
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JM Financial: Buy at ₹133.73; Target: ₹143; Stop Loss: ₹129.
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City Union Bank: Buy at ₹198.64; Target: ₹213; Stop Loss: ₹192.
🔮 Outlook
Analysts anticipate a cautious trading session today, with markets likely to consolidate amid global uncertainties and ahead of the Reserve Bank of India's policy decision later this week.
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