Share Market News: BDL and HAL Stocks Increase, Oil, Metal, Pharma, PSU Bank & IT Indices Under Pressure

Share Market News: Defence companies saw considerable buying interest, with shares of Bharat Dynamics Limited (BDL) and Hindustan Aeronautics Limited (HAL) rising significantly. Gold prices rose dramatically amid ongoing geopolitical concerns, reaching all-time highs on the Multi Commodity Exchange (MCX). Simultaneously, the US dollar index remained above 98, while Asian markets experienced heavy selling pressure. Domestically, retail inflation fell to its lowest level in six years, with CPI inflation falling from 3.16% in April to 2.82% in May. Meanwhile, market volatility rose, as evidenced by an 8% spike in the India VIX, which surpassed the 15 level.

Jubilant FoodWorks Sees Major Share Deal

In the equities section, a large transaction involving 1.06 crore shares of Jubilant FoodWorks was registered, as was a block trade in Jubilant Ingrevia.  The Indian rupee fell sharply against the US dollar, echoing global market fears.  Foreign Institutional Investors (FIIs) sold equities worth Rs 3,831 crore, while Domestic Institutional Investors (DIIs) bought Rs 9,393 crore.  Pressure persisted across major sector indexes such as oil, metals, pharmaceuticals, PSU banks, and IT.  For further information and investing techniques, watch the Aapke Share Hamari Rai show on Jagran Business at 1 PM, featuring professional analysis from Prashanth Tapse, Senior VP Research and Research Analyst at Mehta Equities.