Stock Market at Close: India VIX Zooms Over 13%; PSU Banks Tumble


by Sandip Das on 6 May 2024,  4 min read


The Indian equity market ended on a flat note on May 6, 2024. At close, Sensex was up 17.39 points or 0.02 percent at 73,895.54. Nifty slipped 33.15 points or 0.15 percent at 22,442.70. Around 1s294 stocks advanced and 2627 stocks declined while 172 shares remained unchanged.

Among the sectoral indices, the Nifty Realty index jumped 2.76 percent. Among the losers, Nifty PSU Bank index dropped 3.66 percent while Consumer Durables and Oil & Gas lost 2.55 percent and 1.75 percent respectively.

India VIX zoomed 13.54 percent at 16.6 level.

Top Nifty50 Gainers
  • Britannia Industries: 6.6%
  • Kotak Mahindra Bank: 5.02%
  • Tata Consultancy Services: 2.05%
  • Hindustan Unilever: 1.8%
  • Mahindra & Mahindra: 1.55%
Top Nifty50 Losers
  • Titan Company: -7.07%
  • Adani Enterprises: -4.05%
  • Coal India: -3.07%
  • Bharat Petroleum Corporation: -2.89%
  • State Bank of India: -2.64%
Asian Markets

Asia-Pacific markets tracked Wall Street gains on Monday as a softer-than-expected US jobs report fueled hopes that the Federal Reserve could start cutting rates soon. Japan and South Korea’s markets are closed for a public holiday. Australia’s S&P/ASX 200 rose 0.7 percent to close at 7,682.4, marking a third straight day of gains. Hong Kong’s Hang Seng index rose 0.47 percent, while mainland China’s CSI 300 rose 1.48 percent to close at 3,657.88 as traders returned from Labor Day holiday, according to a report.

European Markets

European shares rose on Monday, with investor optimism over interest rate cuts from major central banks back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit. The pan-European STOXX 600 was up 0.3 percent as of 08:30 GMT. UK equities are closed due to a bank holiday.

Also read: What is Initial Public Offer (IPO)?

European stocks have lost some of their shine from the start of the year due to a few uncertainties, including the health of European businesses, the Middle East tensions and the ECB’s policy outlook beyond June, according to a Reuters report.

Stocks in News

Marico Ltd has reported a consolidated net profit of Rs 320 crore for the fourth quarter of the financial year 2023-24, up 4.9 percent from the year-ago period. Revenue increased 1.69 percent from the previous year to Rs 2,278 crore. Earnings before Tax, Interest, Amortization, and Depreciation (EBIDTA) for the quarter came in at Rs 442 crore rising 12.5 percent. EBDITA margin was at 19.4 percent increasing 190 basis points. The Board of Directors of Marico Limited declared a second interim dividend of Rs 6.50 per equity share of Re. 1 each at its meeting held on February 27, 2024. The stock price ended with gains of 2.89 percent on May 6.


The stock price of MRF slipped over 1.5 percent after the tyre-maker’s earnings show for the fourth fiscal quarter of FY24. MRF reported a 7.6 percent decline in net profit to Rs 379.6 crore during the quarter, down from Rs 410.7 crore in the year-ago period. The revenue from operations saw an 8.7 percent on-year growth to Rs 6,349.36 crore.

Titan Company

The share price of Titan Company tumbled over 7 percent on May 6. Titan reported a standalone net profit of Rs 786 crore for January-March quarter, a growth of 7 percent on-year. The jeweller and watchmaker’s revenue came in at Rs 10,047 crore, rising 17 percent on-year, the company said in a regulatory filing. The brokerages pegged revenue at Rs 11,054 crore.

Source: NSE, BSE, moneycontrol

Dhanush powered by Ashika Group, is one of the best online trading app in India which gives a flawless and smooth trading experience. Get solid research analysis, data-driven approach, customer-centric service philosophy, trust-based advice & competitively priced products. Click here for more stock market blogs.

For more insightful articles and updates, follow us on Facebook and Instagram.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Spread the love