Share Market Today Live Updates June 1, 2024: Why did FPIs dump ₹25,586 crore worth of Indian shares in May—Explained with 4 key reasons

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• Dividend Stocks: Several companies including Tata Consumer Products, SBI, Sula Vineyards Ltd, among others are trading ex-dividend in the coming week.

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• Bulls to tighten grip on D-Street after exit polls project 350+ for BJP; Nifty 50 eyes 23,400 on June 3, say analysts

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• Bata India, Indraprastha Gas Ltd (IGL), UPL Ltd, and United Breweries Ltd (UBL) are the top picks for the June series, according to Religare Broking. Here’s why the brokerage sees the stocks outperforming this month.

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• Kaynat Chainwala, AVP-Commodity Research of Kotak Securities expects

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• Election Stock Picks: NSE Nifty 50 and BSE Sensex ended Friday’s session with slight gains, after an initial surge, as investors brace for national election results. Amar Ambani recommends buying select stocks ahead of the Lok Sabha election outcome.

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• Upcoming IPOs in June 2024:The IPO market in India is thriving despite market uncertainty, with many companies going public due to economic growth and rising stock prices. Three IPOs are set to open for subscription next week – Kronox Lab Sciences, Sattrix Information Security, and Magenta Lifecare.

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• Kronox Lab Sciences IPO to open on June 3 with ₹129-136/share price band. Anchor investors received 28.71 equity shares at ₹136/share. Company produces specialty fine chemicals for various sectors and plans new production facility in Gujarat.

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• Buy or sell stocks: Sumeet Bagadia has recommended three stocks to buy on Monday – Adani Ports and Special Economic Zone Ltd, Power Grid Corporation of India Ltd, and Tata Steel Ltd.

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• From top news to market performance, here’s the market wrap for the week ended May 31, 2024.

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• Remedium Lifecare Ltd has set July 6, 2024, as the record date for a 3:1 bonus equity shares issue, subject to shareholder approval.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.74527.0 in Delhi whereas 1 kg of silver was Rs.92630.0 in Delhi.

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• Lok Sabha Elections 2024: Domestic indices Nifty 50 and Sensex remained flat in May amid volatility due to Lok Sabha election 2024 jitters, significant FIIs withdrawals, conflicting global cues, and geopolitical worries. Sensex closed May down 0.70%, Nifty 50 down 0.33%.

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• India has emerged as the top market for IPOs in Asia, having raised $3.9 billion so far in 2024. Post-election, IPO activity is also expected to exceed $20 billion over the next two years as confidence in India’s growth prospects rises.

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• Stock market holidays: Indian stock exchanges NSE and BSE will be closed on June 17 for Bakri Id. Lok Sabha Elections 2024 final phase voting started on June 1 for 57 seats. Stock market benchmarks Sensex and Nifty 50 ended the last five sessions with modest gains on May 31.

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• Foreign investors have been hedging their bets ahead of the Lok Sabha election exit polls and the voting results next week
• But reflecting the bullishness of domestic investors, the marketwide futures open interest at the start of the June series stands at ₹4.06 trillion—a historic high

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