Market Bizzz

The hedge fund sold 1.4 million shares at 2684.3 apiece. BNP Paribas Financial Markets was a buyer in the deal. Shares of Shriram Finance gained 1.75% to close at 2,731.3 on Friday and are up 17.8% in the last one month.

3 stocks within Nifty200 pack saw their closing prices surpass their 200-day Daily Moving Averages (DMA) on June 13, as per technical scan data from stockedge.com. The 200-day DMA serves as a crucial indicator for traders, signaling the trend in a stock. it suggests an uptrend.

Tesla shareholders voted to reinstate CEO Elon Musk’s $44.9 billion pay package, previously rejected by a Delaware judge. The package remains tied up in court as Tesla appeals the decision.

Asian stocks fell as investors reacted to U.S. rate outlook post Federal Reserve’s tempered views. Yen was shaky ahead of Bank of Japan meeting.

Hindustan Zinc Ltd., incorporated in the year 1966, is a Large Cap company (having a market cap of Rs 290807.58 Crore) operating in Metals – Non Ferrous sector.

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 178742.06 Crore) operating in Retail sector.

Mankind Pharma Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 89132.93 Crore) operating in Pharmaceuticals sector.

In the Nifty500 pack, four stocks are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness.

The S&P 500 and Nasdaq, buoyed by Apple’s surge, await the Fed’s update. Positive market sentiment follows a strong U.S. jobs report. General Motors’ shares rise on the announcement of a $6 billion buyback plan.

Lawsuit accuses Elon Musk of making billions by selling Tesla stock using insider information.