Trendlyne Marketwatch
Trendlyne Marketwatch
05 Jun 2025, 03:58PM
Market closes higher, Tata Motors' JLR wholesales fall 24% YoY in May
By Trendlyne Analysis

 

Nifty 50 closed at 24,750.90 (130.7, 0.5%) , BSE Sensex closed at 81,442.04 (443.8, 0.6%) while the broader Nifty 500 closed at 22,934.50 (126.7, 0.6%). Market breadth is in the green. Of the 2,445 stocks traded today, 1,381 were on the uptick, and 1,020 were down.

Indian indices closed in the green supported by a sharp rebound in pharma, oil & gas, and realty stocks. The Indian volatility index, Nifty VIX, declined 4.2% and closed at 15.1 points. Welspun Corp surged to a new all-time high of Rs 970 as it received a repeat export order worth Rs 450 crore from the Middle East to supply 50 km of LSAW pipes and bends.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty India Defence & BSE Realty Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Retailing emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed higher except Japan’s Nikkei 225, while European indices are trading in the green. US index futures traded in the green, indicating a positive start to the trading session. Barclays raised its S&P 500, 2025 year-end target to 6,050 from 5,900, citing easing trade uncertainty and expected earnings normalization.

  • Money flow index (MFI) indicates that stocks like Pfizer, Central Depository Services, GE Vernova T&D India, and Gillette India are in the overbought zone.

  • Valor Estate is rising as it receives a letter of award from Brihanmumbai Municipal Corp (BMC) to develop 13,374 affordable homes under the PAP scheme in Zone IV, Mumbai, with an estimated GDV of Rs 7,000 crore.

  • Tata Motors' Jaguar Land Rover (JLR) wholesales decline 24% YoY to 4,643 units in May, as Jaguar records zero sales vs 1,363 last year. Land Rover volumes remain steady, falling just 2% YoY.

  • Zaggle Prepaid Ocean Services plans to acquire a 100% stake in Dice Enterprises for Rs 123 crore to expand its product range and customer base.

  • India's general insurance sector anticipates faster growth in FY26, led by strong performance from private insurers. ICRA projects an 8.7% rise in premium income for FY26, reaching Rs 3.21–3.24 lakh crore, followed by a 10.9% growth in FY27. Private insurers are expected to continue gaining market share, while public sector insurers may struggle with weak capital positions.

  • IEX falls as Dalmia Cement sells 1 crore shares worth Rs 200 crore through a bulk deal at an average price of Rs 201.

  • Emkay maintains its 'Buy' rating on Indian Bank with a target price of Rs 675. The brokerage highlights the management’s guidance for 10–12% credit growth in FY26, with a focus on boosting the share of mid-corporate and SME loans. This shift is expected to support margins in the long term. Emkay also notes the bank has peer-best asset quality, with a net non-performing asset (NPA) ratio of just 0.2%.

  • TVS Motor Company falls as its board appoints Managing Director Sudarshan Venu as the company's new Chairman, succeeding Ralf Speth, effective August 25.

  • Central Bank of India acquires a 24.9% equity stake (around 35.1 crore shares) in Future Generali India Insurance (FGIICL) for up to Rs 451 crore, marking its entry into the general insurance space. Generali Group retains a controlling 74% stake in FGIICL. The move aligns with Central Bank of India’s strategy to broaden its presence in the financial services ecosystem.

  • Man Industries (India) is rising as it receives an export order worth Rs 1,150 crore from an international customer to supply various types of pipes.

  • RailTel Corp of India rises sharply as it receives a letter of intent (LoI) from Maharashtra’s Motor Vehicles Department for a Rs 274.4 crore order. The company will implement and maintain an intelligent traffic management system (ITMS) in Vidarbha Circle, eastern Maharashtra, till September 4, 2036.

  • Welspun Corp surges to a new all-time high of Rs 970 as it receives a repeat export order worth Rs 450 crore from the Middle East to supply 50 km of LSAW pipes and bends with anti-corrosion and concrete weight coatings.

  • Arun Shukla, President & Director of JK Lakshmi Cement, expects the industry to grow over 6–7% YoY and aims to outperform this pace. He does not anticipate a near-term increase in cement prices. Renewable energy now makes up 50% of the company’s total energy use, with a target of 53% by FY26. Premium products account for 25% of trade volume, with plans to increase this to 30% in 1.5 to 2 years.

  • Deccan Gold Mines surges as its associate firm, Geomysore, receives consent to operate (CTO) the Jonnagiri Gold Project from the Andhra Pradesh Pollution Control Board (APPCB). This allows the company to begin operations at the gold ore processing plant.

  • Honasa Consumer receives approval from the National Company Law Tribunal (NCLT) to merge Fusion Cosmeceutics and Just4Kids Services with itself.

  • HSBC retains its 'Buy' rating on Mahindra and Mahindra with a target price of Rs 3,470 per share. The brokerage believes the company's electric vehicles business margins will improve to mid-single digits over the next 12–18 months. It expects strong production-linked incentives (PLI) to boost its profitability further.

  • Goldman Sachs reiterates its 'Sell' rating on IDFC First Bank with a target price of Rs 64, citing concerns over elevated credit costs and low net interest margins. The brokerage expects credit costs to remain high in the first half of FY26, with recovery in the microfinance segment playing a key role. It forecasts a subdued return on assets (ROA), averaging 0.4% in H1FY26 and improving to 0.7% in H2 as credit costs ease.

  • JPMorgan maintains its 'Overweight' call on Reliance Industries with a target price of Rs 1,568 per share. The brokerage expects an improvement in earnings over the next two years than the previous two, driven by growth in the consumer business segment.

  • CESC’s subsidiary, Purvah Green Power, signs an agreement with Envision Energy India to supply and commission 1 GW of wind turbine generators. The deal includes 10 years of operations and maintenance services post commissioning.

  • Dr. Reddy's Laboratories is rising as it collaborates with Alvotech to co-develop a biosimilar of Keytruda, a drug used to treat lung and skin cancer. The drug recorded global sales of $29.5 billion in 2024.

  • Antique Stock Broking projects strong domestic steel demand in India, expecting it to grow 8.5% YoY to 156 million tonnes in CY25, driven by the infrastructure and automotive sectors. It notes a 7% rebound in domestic hot-rolled coil (HRC) prices, supported by safeguard duties, while Chinese steel exports may decline due to US tariffs and production curbs. The brokerage maintains a 'Buy' rating on Tata Steel and JSPL, with target prices of Rs 165 and Rs 1,013, respectively.

  • Angel One's average daily turnover (ADTO) drops 18.2% YoY to Rs 35.8 lakh crore in May. Its gross client acquisition drops 43.1% YoY to 5 lakh during the month. The company appears in a screener of stocks where promoters are decreasing their shareholding.

  • NTPC Green Energy is rising as its subsidiary, NTPC Renewable Energy, signs a power purchase agreement with Uttar Pradesh Power Corp (UPPCL) for a 1,000 MW solar photovoltaic project.

  • Bharat Electronics receives orders worth Rs 537 crore for communication systems, jammers, simulators, spares, software, and related services across various defence and technology segments.

  • Force Motors is rising as its monthly wholesales rise 19% YoY to 3,088 units in May. Meanwhile, monthly exports drop 52.2% YoY to 86 units.

  • Nifty 50 was trading at 24,627.30 (7.1, 0.0%), BSE Sensex was trading at 81,196.08 (197.8, 0.2%) while the broader Nifty 500 was trading at 22,838 (30.2, 0.1%).

  • Market breadth is highly positive. Of the 1,990 stocks traded today, 1,523 were on the uptick, and 420 were down.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (491.60, 5.0%), JSW Infrastructure Ltd. (307.10, 4.9%) and Eternal Ltd. (256.56, 4.4%).

Downers:

Largecap and midcap losers today include Sona BLW Precision Forgings Ltd. (528.10, -1.9%), Federal Bank Ltd. (207.07, -1.9%) and Dixon Technologies (India) Ltd. (14,694, -1.8%).

Volume Rockets

17 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Cochin Shipyard Ltd. (2,350.80, 12.7%), JM Financial Ltd. (141.62, 8.2%) and Welspun Living Ltd. (140.61, 5%).

Top high volume losers on BSE were Ajanta Pharma Ltd. (2,582.40, -0.2%) and Newgen Software Technologies Ltd. (1,224.40, 0.0%).

PNC Infratech Ltd. (299, 4.8%) was trading at 29.2 times of weekly average. Sheela Foam Ltd. (656.10, 4.7%) and JSW Infrastructure Ltd. (307.10, 4.9%) were trading with volumes 9.7 and 6.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks made 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (31,695, 1.3%), Bharat Electronics Ltd. (393.50, 0.7%) and Fortis Healthcare Ltd. (754.75, 2.2%).

35 stocks climbed above their 200 day SMA including Hindustan Zinc Ltd. (491.60, 5.0%) and 360 One Wam Ltd. (1,074, 4.9%). 6 stocks slipped below their 200 SMA including Concord Biotech Ltd. (1,852, -1.3%) and Bandhan Bank Ltd. (166.86, -1.3%).

 
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