May 2022 turned out to be a volatile month for the equity markets. The benchmark indices dropped up to 7 per cent during the month but recovered towards the end of the month. Sensex closed the month 2.47 per cent lower whereas Nifty ended 2.84 per cent down.  

The domestic benchmark indices opened in the green territory and traded with moderate gains.

The markets continue to exhibit volatility. In the pre-opening session, the movement in the frontline index S&P BSE Sensex was flat. 

PDS Limited is a design-led sourcing, manufacturing & supply chain platform catering to leading brands and retailers globally with a presence in over 22 countries.

The stock is up by nearly 29 per cent on a YTD basis while in the last one year, it has gained nearly 57 per cent.  

Interestingly, fuelled by a good monsoon forecast, the FMCG sector anticipates a revival in demand and moreover, the expectation of fading inflationary pressure in the coming month would mean that margins may improve from hereon. Hence, stocks from this sector are likely to be on the radar.

Highest put option open interest contract was added at a strike price of 16000 for expiry tomorrow. 

After making a cautious start amid mixed global cues, the Indian benchmark indices ended the day on a negative note with Nifty closing at 16,522 and Sensex ending at 55,381.

As market volatility continues, Capital Goods, Industrials and Metal sectors are among the top gainer, while Power and Utility drag the market. 

At the closing bell on June 1, the Sensex closed with a loss of 0.3 per cent or 185 points at 55,381.17, while the Nifty50 also lost 0.4 per cent or 61.80 points at 16,522.75. 

Timken India, Shree Renuka Sugars and Dhampur Sugar Mills witnessed positive action in today’s session.  

Reliance Brands Limited and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40 per cent stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with a long-term strategic interest in building toy manufacturing in India.