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The modest losses continued to exist until the end; the headline index closed with a modest loss of 43.70 points or 0.26 per cent.Nifty is likely to have a tepid start to the day on Monday. The index has broken above 16,400; this level is likely to act as a major pattern support in the event of any corrective move on the downside. The market may have broken out from the broad 15,700-16,400 trading range, but it seems that it has created yet another zone between 16,400-17,000 levels

The reason being as globalization progressed the economies had become intricate, increasing the correlation between equity markets across the world.A heterogenous portfolio can be created by diversifying capital across asset classes to maximize returns subject to risk and cash flow constraints of an investor.​

One sector that is at the receiving end of this manic behavior is the IT sector. After two years of one-way run, stocks in this sector are getting brutally punished in the current downturn.One wonders, what has happened to all those sound-bites about super-digitization cycle, secular cloud transformation etc.

Anarock group, including its arm Trespect and affordable housing division, facilitated sale of 18,800 units worth Rs 19,260 crore on behalf of real estate developers during the 2021-22 fiscal."Confidence of users of real estate is rapidly returning. At Anarock, we are benefiting through hard work focusing on our clients, our people, returns to our stakeholders and achieving a common vision of excellence," Puri observed.

Santosh Meena, Head of Research, Swastika Investmart, said value buying in some beaten-down heavyweights by domestic investors and short covering also helped the market to move higher.For the week ended June 3, Nifty50 index rose about 1.5 per cent, whereas sectoral indices such as realty and IT gained between 4-5 per cent. Pharma and Nifty Bank dropped 1-2 per cent each.

Whacked around by government data and bond yields, the S&P 500 has now posted intraday swings of 1% or more in 31 straight sessions, the second-longest streak in a decade.Burned by all the volatility, day traders have kicked the stock-picking habit. Meanwhile, hedge funds are diving into macro bets, convinced they have an edge predicting the future.

The valuation of Reliance Industries jumped Rs 1,38,222.46 crore to reach Rs 18,80,350.47 crore.The market capitalisation (m-cap) of Tata Consultancy Services (TCS) rallied by Rs 64,618.85 crore to Rs 12,58,274.59 crore and that of Infosys zoomed Rs 25,728.52 crore to Rs 6,40,373.02 crore.

Unfortunately, this activity goes both ways, and here is why LUNA collapsed. There was a large amount of UST dumped in the market which made it lose its peg towards the downside.This triggered the arbitrage activity that is supposed to bring UST’s value back to a dollar

Crude oil settled on a positive note in the international markets as WTI crude settled at $120.26 per barrel and Brent settled at $121.08 per barrel.Domestic markets also settled on a positive note at Rs 9,226 per barrel, up by 3.69%.

From a data perspective, Nifty futures open interest has declined towards 1 crore shares from 1.1 crore shares seen at the inception of the series amid ongoing short covering. However, FIIs have once again started reducing their longs and their net short positions have increased marginally