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The Indian equity benchmarks squandered the day’s gains in the last hour of the trade to end lower on June 3. At close, the Sensex was down 48.88 points, or 0.09% at 55,769.23 and the Nifty ended 43.7 points, or 0.26% , lower at 16,584.3.
Mahindra & Mahindra Financial Services The company gained on June 3 on strong reporting of disbursements which were up 272 percent on-year at Rs 2,973 crore. It also reported an improvement in collection efficiency at 95 percent compared to 67 percent last year. The company expects a lower volatility in stage 3 assets during Q1 .
Deepak Nitrite The company informed exchanges that a fire broke out around the warehouse section of its manufacturing site at Nandesari, Gujarat. There has been no casualty and a few people were given first-aid treatment. The plant operations were expected to resume in a day or two upon clearance of the damaged warehouse.
TOP GAINER :- RELIANCE , INFY , LT , SUNPHARMA
TOP LOSER :- GRASIM , ULTRATECH CEMENT , HEROMOTOCO
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