News Overview

Here are some of the stocks that may see significant price movement today: Muthoot Finance, Bharat Dynamics, Welspun Corp, etc.

On May 30, the bearish sentiment dominated Dalal Street for the fifth consecutive session, coinciding with the May F&O expiry.

The board recommended a dividend of ₹3.60 per equity share for FY24 and approved issuing up to ₹3,000 Crore in debt securities via non-convertible debentures (NCDs) on a private placement basis.

Market breadth was negative, with 993 shares advancing, 2,395 shares declining, and 461 shares remaining unchanged.

According to reports, the USFDA made various observations concerning Sun Pharma. First, the company did not take appropriate safeguards to avoid API contamination.

Libas has 15 stores across the nation and began operating offline approximately 18 months ago. By 2026, it intends to open 200 locations.

According to JSW Steel, India's demand for zinc-magnesium-aluminum alloy coated steel is likely to treble to 2.5 lakh tonnes this fiscal year.

Observations made by the US FDA included inadequate precautions against API contamination and a lack of procedures for routine maintenance.

The diesel maker also said that the board has approved an interim dividend of ₹20 for the fiscal year 2023-24.

On May 29, provisional data from NSE indicated that FIIs sold equities worth ₹5,842 Crore, whereas DIIs purchased equities worth ₹5,234 Crore.