NIFTY AUTO and FMCG at All-Time Highs; Paytm's Loan Disbursal Skyrockets 169%

Jun 5, 2023

Closing Bell: Nifty around 18550, BANKNIFTY above 44100, Sensex gains 240 pts, Auto, Media and Private Bank rally.🚀

Companies

Nifty Auto and Nifty FMCG Reach All-Time Highs, M&M Emerges as Top Gainer. 🚀

FADA May Data: Vehicle Retail Sales Surge 10.1%, Two-Wheeler Sales Up 9.3%. 📈

Nifty IT Index Rebounds Despite Lingering Concerns Over Client Spending.📈

Non-Banking Finance Companies (NBFCs) Regain Strong Growth Momentum with Robust Loan Demand and Stable Asset Quality.📈

HBL Power Systems(+7.70%) surges 7% as Rail Safety Concerns Drive Investor Optimism. ⚡

Paytm(+0.43%) Reports 36.6% Increase in May Merchant Payment Volumes, Reaching Rs 1.38 Lakh Crore. 🚀

Disbursements by Paytm(+0.43%) Witness Impressive 169% YoY Growth, Reaching Rs 9,618 Crore in April-May. 🚀

Tata Power(+1.51%) Expands Renewable Energy Footprint with 110 MW Solar Project in Rajasthan. 🧾

TCS(+0.51%) Awarded 10-Year Contract for Managing England and Wales Pension Plan. ✔️

OPEC+ Extends Voluntary Production Cuts by 9 Countries Until December 2024. ⛽️

Bajaj Auto(+0.88%) Adopts Prudent Strategy for Electric Two-Wheeler Segment. 🛵

BPCL(+0.90%) Collaborates with Ashok Leyland(+1.98%) and Hero Motocorp(-0.76%) to Test ED7 Fuel Blend: A Pilot Program Initiated.

RBI Keeps Interest Rates Steady as CPI Inflation Shows Declining Trend. 📉

Patel Engineering Secures Rs 519.50 Crore Water Tunnel Project from CIDCO in Raigad District. 💰

Indian Railways Clarifies: Derailment Incident on Private Track Owned by ACC Cement(-0.28%) Plant. 🚂

India's Services PMI Dips to 61.2 in May, Composite PMI Shows Steady Performance at 61.6. 📈