Equity benchmarks continued to consolidate in morning trade as investors awaited RBI monetary policy due on Tuesday. Experts largely expect the central bank to maintain status quo in tomorrow’s policy meeting despite subdued inflation. The RBI will watch out for more economic data and progress of monsoon before deciding further rate cut. The 30-share BSE Sensex was down 23.98 points at 31,249.31 and the 50-share NSE Nifty rose 6.05 points to 9,659.55 while the broader markets outperformed. The BSE Midcap and Smallcap indices gained half a percent each on positive market breadth. About two shares advanced for every share falling on the exchange.
Best Shares to Buy Sell Today : 5th June Monday
To secure our investment we need to keep sharp eyes on each and every movement of shares. Here we are telling you the top shares that will be under the circle of market.
Bank of India – Bank of India is thinking to sell the stakes in non-core subsidiaries to reduce the its debt.
Dena Bank – RBI has taken steps to deal with Net NPAs. The action of the RBI will not affect the work of the bank.
Gokaldas / Monte Carlo Fashion / Arvind – 5% GST has been fixed on cotton, yarn, fabric, readymade garments. 5% GST has been fixed on readymade garments with less than Rs. 1000. CITI welcomes the decision to impose 5 percent GST.
Titan / PC Jewelers / TBZ – Gold will be 3 percent GST on July 1. GST rates on gold are lower than industry estimates. It was estimated to be 5 FSI GST.
Lupin – US FDA investigated Indore Plant from 8th May to 19th May. The company has failed to overcome the shortcomings of the Indore plant. The unit has no record of production and control and is not suitable for equipment manufacturing in Indore plant.