
By: Naresh Sharma | Date : Jun 2, 26
| Category | Net Value(₹ Crores) |
|---|---|
| DII | +5,109.13Cr |
| FII/FPI | -3,911.68Cr |
| INDIA VIX | 16.08(-2.78%) |
As of 10:12 (IST)
| ADVANCE | 1387 |
| DECLINE | 1620 |
As of 10:18 (IST)
The Discount: The floor price of ₹71.00 is set at an 8% discount to the previous closing price of ₹77.19.
The Stake: The government is selling up to 6.00% of the company (3% base issue + 3% greenshoe option for oversubscription), aiming to raise around ₹4,200 crore.
Timeline:
• June 2 (Today): Open for Non-Retail (Institutional) investors.
• June 3 (Tomorrow): Open for Retail investors.
Retail Terms: There is no additional discount for retail buyers; the minimum bidding price is ₹71.00.
| Nifty 50 | 23483.55(+0.43%) | Nifty Bank | 53714.65(+0.13%) |
| Sensex | 74649.84(+0.52%) | India Vix | 15.36(-7.18%) |
| Nifty50 Gainers | Nifty50 Losers | ||
| TCS | 6.69% | NTPC | -2.98% |
| INFY | 5.61% | AXISBANK | -1.76% |
| HCLTECH | 4.17% | POWERGRID | -1.45% |
| ADANIENT | 2.15% | HDFCLIFE | -1.22% |
| WIPRO | 1.79% | DRREDDY | -1.04% |

Nifty gained +0.43%, opening gap down at 23,229.15 and initially witnessing weakness before a strong wave of short covering emerged after four consecutive sessions of selling. The index recovered sharply to hit an intraday high of 23,556.95 and eventually closed at 23,483.55 on weekly expiry, indicating buying interest at lower levels; however, the trend remains sideways to bearish as the index continues to trade below its 200DMA, 30DMA, and 11DMA, while the RSI at 42.95 shows improving momentum but remains below the bullish zone. Immediate resistance is placed at 23,650-23,850 and support at 23,250-23,000. A sustained move above 23,650 could extend the short-covering rally, while a break below 23,250 may invite fresh selling pressure.

Bank Nifty edged higher by +0.13%, opening gap down at 53,265.10 and witnessing a recovery throughout the session as short covering emerged following four days of continuous selling. The index climbed to an intraday high of 53,933.55 before closing at 53,714.65 on a relatively flat note. The trend remains sideways to bearish as Bank Nifty continues to trade below its 200DMA, 30DMA, and 11DMA, while the RSI at 43.62 reflects a slight improvement in momentum. Immediate resistance is placed at 54,000-54,350 and support at 53,100-52,800. A decisive breakout above 54,000 could trigger further recovery, while a fall below 53,100 may resume the downtrend.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY50 | 23250 | 23650 | Sideways to Bearish |
| BANK NIFTY | 53100 | 54000 | Sideways to Bearish |

Nifty Mid Select (Midcap Nifty) slipped -0.17%, opening gap down at 14,160 below the 30DMA, and initially declining to 14,057.45, almost exactly near the anticipated 14,050 support zone. Strong buying interest emerged from lower levels, resulting in a short-covering recovery that pushed the index back above the 30DMA, with an intraday high of 14,262.25 before closing at 14,240.45. The trend remains sideways to bullish, as the index continues to trade above its 200DMA and 30DMA, though it remains below the 11DMA, suggesting some caution in the short term. The RSI at 52.20 remains in positive territory. Immediate resistance is placed at 14,400-14,550 and support at 14,150-14,050. Holding above 14,150 will be crucial for maintaining the bullish structure.

Nifty IT surged +4.23%, opening gap up at 30,265.70 and extending its bullish momentum throughout the session. The index successfully sustained yesterday’s breakout, breached the anticipated resistance zone, and rallied to an intraday high of 31,290.95 before closing strong at 31,116.55. The trend has improved to sideways to bullish, although after such a sharp rally, some near-term consolidation or pullback cannot be ruled out. The index currently trades above its 11DMA and 30DMA but remains below the 200DMA, while the RSI at 66.25 indicates strong bullish momentum approaching the overbought zone. Immediate support is placed at 30,400-29,900 and resistance at 31,800-32,150. A sustained move above 31,800 could further strengthen the bullish outlook, while holding above 30,400 remains key to preserving the current momentum.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY MID CAP SELECT | 14050 | 14550 | Sideways to Bullish |
| NIFTY IT | 29900 | 32150 | Sideways to Bullish |
| PRODUCT | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
| NIFTY50 | 22962 | 23095 | 23289 | 23423 | 23617 | 23751 | 23945 |
| BANKNIFTY | 52435 | 52778 | 53246 | 53590 | 54058 | 54402 | 54870 |
| FINNIFTY | 24382 | 24523 | 24692 | 24833 | 25002 | 25143 | 25312 |
| MIDCPNIFTY | 13906 | 13982 | 14111 | 14187 | 14316 | 14392 | 14521 |
| NIFTYNXT50 | 68441 | 68800 | 69458 | 69817 | 70475 | 70833 | 71491 |
Investment in securities markets is subject to market risks. Please read all related documents carefully before investing. (Our SEBI Reg no. INH000010335)
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| Category | Net Value(₹ Crores) |
|---|---|
| DII | +9,589.32Cr |
| FII/FPI | -8,362.92Cr |

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