DSIJ Mindshare

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term.  

The domestic markets opened with a bang with Sensex and Nifty indices climbing nearly 0.85 per cent & 0.66 per cent, respectively. For the second day in a row, technology stocks have risen. Buying was aided by positive global signals. The chart was held up by sectors such as Nifty IT, metal, bank, and financial services.

In a development that is expected to boost electric vehicle (EV) adoption and mobility in India, MG Motor India and Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars.  Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV Customers.

At the time of the pre-opening bell today, the frontline index S&P BSE Sensex opened in green at a gain of 0.87 per cent. 

Activity in the F&O market for the weekly expiry on June 9 shows 16000 to act as support now.