From Hindustan Times: 2024-06-09 22:19:49

1. The Sensex and Nifty 50 hit new highs, erasing election-related losses and pointing to economic growth. Nifty 50 closed up 2.05% at 23,290.15 points, while Sensex rose 2.16% to 76,693.36. Both indices gained around 3.4-3.7% this week after Narendra Modi’s alliance won the elections.

2. US economy adds more jobs than expected in May, with annual wage growth increasing. Unemployment rate rises to 4.0% from 3.9% in April. This data reduces likelihood of Federal Reserve starting rate cuts in September.

3. Tech Mahindra, UltraTech Cement, and Dr Reddy’s Laboratories are recommended stocks for Monday. Tech Mahindra shows strong breakout and bullish momentum, while UltraTech Cement displays recovery from key levels and potential upward movement. Dr Reddy’s Laboratories showcases bullish momentum and positive technical indicators for further gains.



Read more at Hindustan Times: Buy or sell: Sumeet Bagadia recommends these three stocks for Monday – June 10