The United States added 339,000 jobs last month, according to the Labor Department, defying economists' forecasts and building on revised gains of 294,000 in April.

The US dollar was steady in trading following Friday's non-farm payrolls report, which showed a surge in employment alongside an increase in unemployment. The report surpassed expectations, revealing that public and private sector payrolls increased by 339,000 in May, from last month's rise of 253,000. The dollar index, which measures the US currency against six others, was last up 0.203% at 103.730. However, before the US Labor Department released the data, the greenback was heading for its largest weekly fall since mid-January.

Gold futures were trading with minor gains on Friday due to a pullback in the dollar index. The gains came as Philadelphia Federal Reserve President Patrick Harker suggested that the central bank should not take another rate hike despite the slow rate of inflation control. Gold futures on the MCX have advanced by 0.02% in June. Meanwhile, Silver futures have gained nearly 0.97% in value terms in June. As for domestic prices, physical gold in Delhi and Ahmedabad is around INR61,000 ($814) per 10g, with silver priced at INR72,500 per kg.

The US dollar was relatively unchanged in choppy trading after the release of May's non-farm payrolls report on Friday. Despite employment surging, so did unemployment. On a more positive note, payrolls in the public and private sector increased by 339,000 in May, smashing predictions. Before the US Labor Department released the data, the dollar was headed for its largest weekly fall since mid-January, following the view that the Federal Reserve will forgo an interest rate hike this month, which would reduce the greenback's appeal to non-US buyers.

Anmol India has decided to issue bonus shares to investors in the ratio of 4:1; for every one share held, they will receive four additional shares. The bonus shares will be issued out of the company's securities premium account and free reserves as on March 2023. The estimated date for the shares to be dispatched is July 31. The company's Board has also approved an increase in authorized share capital, and the reappointment of its Managing Director. Anmol India is a coal trading company that has seen a 65% increase in its stock on a year-to-date basis.

The Nifty 50 closed 0.3% higher at 18,534.10 points on Friday, failing to surpass immediate resistance at 18,580 points. Technical charts suggest support-based buying remains intact, with the index set to witness an upturn towards 18,666 and 18,750 points if it holds support at 18,442 points. The FPI Long-Short ratio indicates traders now hold more short positions related to long positions, and the Relative Strength Index shows bearish divergence, with a potential downturn in prices. Experts believe the market will remain range-bound, with support at 18,450-18,500 points and resistance at 18,600-18,800 points.

Gold price jumped Rs 350 to Rs 60,600 per 10 gram in the national capital on Friday amid a rally in precious metals prices overseas, according to HDFC Securities. The yellow metal had closed at Rs 60,250 per 10 gram in the previous trade.

The NSE Nifty index closed 46.35 points up at 18534.1

The Nifty Pharma index closed 0.69 per cent up at 12900.6.

While the Sensex closed at 62,547, up by 119 points, the broader Nifty50 settled at 18,534.

The 30-share BSE Sensex closed up 118.57 points at 62547.11

Indian LED lighting solutions manufacturer IKIO Lighting is launching its initial public offering (IPO) June 6-8, with shares expected to start trading on June 16. The company's shares will likely be listed at between INR270 ($3.81) and INR285 per equity share, with the upper end of that range raising INR607 crore for the company. The IPO will include a fresh equity issue of up to INR350 crore and an offer for sale of up to 9 million shares. The proceeds will be used to repay borrowings, invest in subsidiary IKIO Solutions and for general corporate purposes.

The 30-share BSE Sensex closed up 118.57 points at 62547.11

The NSE Nifty index closed 46.35 points up at 18534.1

The Nifty Bank index closed 0.34 per cent up at 43937.85.

The Nifty Realty index closed 1.42 per cent up at 490.85.

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

The 30-share BSE Sensex closed up 118.57 points at 62547.11

The Nifty Auto index closed 0.92 per cent up at 14388.6.

The Nifty IT index closed 0.4 per cent down at 29328.15.

Investors are advised to have a longer-term view for equity investments for optimum gains, as equity can be volatile and lead to significant drawdown in the short term. Experts recommend passive modes of investment, such as SIPs and ETFs, for retail investors seeking liquidity while conducting a more cautious approach to P2P lending. For those with a balanced profile, exposure to equities can be gained via conservative hybrid funds. Constructive research, not timing the markets, is also advised. Meanwhile, a blend of growth and dividend yield assets is recommended given today’s financial market uncertainty.

Adani Ent., Infosys, BPCL, HDFC Life and TCS were among the top losers on NSE in today's trade.

Crayons Advertising, India's first major integrated advertising agency, listed on the NSE Emerge platform at a premium of 38% over its IPO price. The share price soared to 45% over issue price and is currently trading at INR 94.5 apiece. The IPO was oversubscribed by 147.61 times, with the retail category receiving strong bids of 169 times more than the reserved bit. The funds raised will be invested in capital expenditure on infrastructure and technology. Meanwhile, Vasa Denticity, a dental products e-commerce company, also listed at a 65% premium and was oversubscribed by nearly 68 times.

Hardwyn India, KDDL Ltd, The Hi-Tech Gears, Majesco L(PP)and Lumax Auto Tech, hit their fresh 52-week highs during the day.

Bajaj Auto touched a 52-week high and closed higher after reporting strong domestic sales in May. The Nifty Metal gained 1.22%, and the Nifty Auto rose 0.92%, while the Nifty FMCG and Nifty PSU Bank also closed higher.

The 30-share BSE Sensex closed up 118.57 points at 62547.11

The Indian rupee ended the week at 82.3050 against the US dollar, the highest since May 17, as investors increasingly bet on a rate pause by the US Federal Reserve weakening the dollar. Recent foreign inflows and upbeat growth numbers from India have supported the currency. Easing domestic inflation, stronger-than-expected economic growth and improved investor confidence in the country have also lifted sentiment. Analysts are now eyeing the US jobs report and inflation data due next week, which could provide direction for the dollar index. The dollar's high deposit rates are seen slowing its sell-off.

The 30-share BSE Sensex closed up 118.57 points at 62547.11

S&P Global Ratings expects a rise in operating cash flows for India's largest oil and gas producer, ONGC, due to higher production volumes and the removal of the windfall tax on crude oil. The increase is expected to help the company maintain its credit quality. S&P predicts that ONGC's domestic production volumes will be up by 8-10% by 2024. Its EBITDA for fiscal years 2024 and 2025 is forecasted to be Rs 1-1.1 lakh crore, while investments of approximately Rs 47,500 crore will be made. Additionally, ONGC has committed to net-zero for scope 1 and 2 emissions by 2038.

Paras Defence shares rose 9% after announcing a joint venture with CONTROP Precision Technologies for manufacturing Electro Optic/Infra Red systems. The Indian firm will have a 30% stake in the joint venture while the other 70% will be with Israel-based Controp. The venture agreement means Paras will be able to appoint one director and mutual agreement will be required for equity shares and other securities. Significantly, Paras Defence announced a Memorandum of Understanding with the Society of Applied Microwave Electronics Engineering Research recently and the firm remains volatile.

Brightcom Group's shares have surged by 102% in a month, despite concerns over the ad-tech and digital advertising company's accounting practices after a Sebi show-cause notice. In April, the shares hit a year-low after allegations of fraud in its year-end financial statements, which SEBI found camouflaged accounting entries in excess of Rs 1,280 crore between FY19 and FY20. A recent dramatic turnaround has brushed aside investor concerns, however, with the majority public shareholders seeing shares locked at the upper circuit last week at Rs 20.55.

Cryptocurrency markets rose ahead of the release of US non-farm payroll data. Bitcoin and Ethereum rose 1.03% and 1.78% to $27,099 and $1,887, respectively. Other top crypto tokens including Litecoin, Tron, BNB, XRP, Cardano, Polygon, and Polkadot also traded with gains. The total volume in decentralized finance (DeFi) is currently $2.15 billion, and the total volume of all stablecoins is $27.55 billion, which represents 7.18% and 91.94% of the total crypto market 24-hour volume, respectively. The global cryptocurrency market cap rose 1.17% to around $1.14 trillion.

European shares rose on Friday, as investors were boosted by the passing of the US debt ceiling bill and hints that the Federal Reserve may pause its interest rate hiking cycle later this month. The STOXX 600 index was up 0.7%, with real estate and mining stocks performing the best. The US Senate on Thursday passed the bipartisan legislation to lift the debt ceiling, preventing a first-ever default. Moreover, job growth in May was expected to prove slower than earlier, with wages declining, which could lead the central bank to skip an interest rate hike this month.

A total of 274,454 shares changed hands on the counter till 02:12PM (IST)

Positive global cues and better-than-expected GDP data led to a rise in domestic equities on Friday. A total of 169 stocks hit fresh 52-week highs and gave considerable returns across largecaps, midcaps and smallcaps. Among the largecaps, 19 stocks including Power Finance Corporation, DLF, Tata Motors and Britannia hit their 52-week highs. Newly listed Mankind Pharma also touched its 52-week high. A brokerage firm is positive about the auto sector, specifically suggesting Bajaj Auto for 2Ws and M&M and MSIL for PVs. Aditya Birla Capital’s shares hit a 52-week high after the board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity.

The Relative Strength Index of the stock stood at 75.92 on Friday.

The stock quoted a 52-week high price of Rs 335.5 and a 52-week low of Rs 182.2.

A total of 1,300 shares changed hands on the counter till 01:57PM (IST)

​The dividend yield is one of the main factors to consider when investing in dividend-paying stocks

On the technical charts, the 200-day moving average of the stock stood at Rs 508.92.

A total of 653 shares changed hands on the counter till 01:47PM (IST).

A total of 4,495 shares changed hands on the counter till 01:41PM (IST)

The stock quoted a 52-week high of Rs 115.0 and a 52-week low of Rs 74.54.

A total of 40,385 shares changed hands on the counter till 01:31PM (IST)