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One is I think the way we managed COVID, whether for the population, for the economy has been exemplary. I do not think any other large country has done what we did. There was a shock at the first time COVID was. When the second time COVID wave came in, again, there was a fear.

Among Sensex stocks, Tech Mahindra, Tata Steel, UltraTech Cement, Kotak Bank, and Reliance opened with gains, while only IndusInd Bank, Infosys, Asian Paints, and Sun Pharma opened with cuts.

Oil prices inched up in early Asian trade as markets weigh the possibility of price-supportive production cuts by OPEC+ members over the weekend. The Brent crude futures rose by 0.18%, to $74.41 a barrel, while the West Texas Intermediate crude rose by 0.21%, to $70.25 a barrel following two days of declining crude prices. Investor attention is now focused on the OPEC+ June 4 meeting, where the ministers from key oil-producing countries will determine whether to reduce further output to support government revenues. The U.S. monetary policy and the debt ceiling bill boosted market sentiment.

Wealth managers believe the Nifty Next 50 represents the next rung of liquid securities after the Nifty 50 and recommend an allocation to this index for equity investors. The Nifty Next 50 trades at a one-year forward price-earnings ratio of 28, compared with its five-year average of 28.93, making valuations reasonable.

"The Indian rupee strengthened amid stellar economic data and foreign fund inflows," HDFC Securities research analyst Dilip Parmar said. "It has clocked the best single-day gain in almost two months following dollar inflows and lower commodity prices," he said.

The RBI said it will conduct a 14-day VRRR auction worth ₹2 lakh crore on June 2 from 10:30-11:00 am IST. The date of reversal of the VRRR is June 16.

The money from Trafigura will be used to make debt repayments of $150 million to Oaktree, a research report issued by Nomura stated. The loan from Glencore, reported in stock exchange disclosures, was raised by pledging 4.4% of listed Vedanta Ltd.

Investors can bid for a minimum of 52 equity shares and in multiples of 52 thereafter. Under the OFS, promoters Hardeep Singh will offload 60 lakh shares, and Surmeet Kaur will sell about 30 lakh shares.

"The issuer is having a corpus fund of ₹2,498.42 crore as of the date and has absolute beneficial ownership," said said Nagesh Singh Chauhan, head of debt capital markets at Tipsons.

Domestic investors are now showing more interest while the market is also showing some promising opportunities. Over the past two weeks, three deals in the finance sector got concluded, including Abrdn (Mauritius Holdings) 2006 selling stake in HDFC Life Insurance and Tencent Cloud Europe BV selling stake in PB Fintech.