Read more about Benchmarks end almost flat; Adani Group stocks rally on Business Standard. The domestic equity benchmarks ended almost flat after a volatile session on Tuesday. While selling was wide spread, most IT and pharma stocks managed to end in the green.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 53 points at the opening bell. Markit Manufacturing PMI for May will be declared on today, 1 June 2021.
India s gross domestic product (GDP) for 2020-21 contracted by 7.3%, even as GDP for the year s last quarter (January-March 2021) grew by 1.6%, official data released by the National Statistical Office showed on May 31.
Global markets:
Overseas, Asian stocks are trading mixed on Tuesday, as investors await the release of a private survey on Chinese manufacturing activity in May.
China s factory activity expanded at the fastest pace this year in May. The Caixin/Markit Manufacturing Purchasing Managers Index (PMI) rose to 52.0 last month, the highest level since December and inching up from April s 51.9.
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Read more about Shares trade with minor cuts; breadth weak on Business Standard. The benchmark indices continued to trade with minor cuts in mid-morning trade. The Nifty held above the 15,550 mark. Auto shares reacted to monthly sales figures.
The benchmark indices bounced back in positive terrain in afternoon trade, tracking firm global cues. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 74.95 points or 0.14% at 52,012.39. The Nifty 50 index gained 13.35 points or 0.09% at 15,596.15.
Housing Development Finance Corporation (HDFC) (up 1.18%), Bajaj Finance (up 1.78%) and State Bank of India (SBI) (up 1.74%) boosted the indices.
The broader market traded lower. The S&P BSE Mid-Cap index lost 0.11%. The S&P BSE Small-Cap index fell 0.28%.
Sellers outnumbered buyers. On the BSE, 1,211 shares rose and 1,812 shares fell. A total of 133 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 2,412.39 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 179.78 crore in the Indian equity market on 31 May 2021, provisional data showed.