Asian Paints

2785.5 -22.30

Cipla

1496.3 -4.40

Eicher Motors

7312.5 9.50

Nestle India

1259.7 3.20

Grasim Inds

2826.9 -2.90

Hindalco Inds.

864.45 0.60

Hind. Unilever

2282.2 -20.40

ITC

406.6 -0.75

Trent

4289.6 100.20

Larsen & Toubro

4053.6 -5.20

M & M

3636.7 11.60

Reliance Industr

1558.2 -12.50

Tata Consumer

1179.2 -6.40

Tata Motors PVeh

359.2 -4.05

Tata Steel

170.07 -0.83

Wipro

268.06 -3.34

Apollo Hospitals

7172 98.50

Dr Reddy's Labs

1265.8 -17.70

Titan Company

3909.3 -16.50

SBI

968.95 -2.95

Shriram Finance

973.7 15.90

Bharat Electron

400 0.60

Kotak Mah. Bank

2163.7 1.00

Infosys

1663.4 -4.90

Bajaj Finance

1011.7 0.30

Adani Enterp.

2222.7 -26.10

Sun Pharma.Inds.

1737 -18.90

JSW Steel

1091.3 -5.50

HDFC Bank

997.2 0.60

TCS

3319 9.00

ICICI Bank

1359.8 -3.20

Power Grid Corpn

268.05 1.05

Maruti Suzuki

16703 118.00

Axis Bank

1226.3 1.30

HCL Technologies

1674.7 -5.20

O N G C

233.77 -1.72

NTPC

322.55 -0.70

Coal India

402.35 1.95

Bharti Airtel

2123.7 0.80

Tech Mahindra

1631.5 -1.50

Jio Financial

298.9 0.20

Adani Ports

1494.3 0.70

HDFC Life Insur.

755.35 -8.60

SBI Life Insuran

2025.4 0.60

Max Healthcare

1081.4 6.20

UltraTech Cem.

11764 86.00

Bajaj Auto

9170 71.00

Bajaj Finserv

2035.7 -11.90

Interglobe Aviat

5081.5 -75.50

Eternal

284.85 0.50

Pre-Session - Detailed News Back
Cautiously optimistic: shares eye potential rise at open
10-May-24   08:28 Hrs IST

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 4.50 points at the opening bell.

Global markets:

Shares in Asia rose Friday after an upbeat day on Wall Street following jobs data that supported the case for US rate cuts. Hong Kong shares surged after news of a potential tax break for individual investors.

In the US, the Dow on Thursday extended its winning streak to seven days as all major indexes rose on jobless claims data hinting at a possible shift in Federal Reserve policy.

While US initial unemployment claims for the week ending May 4th increased to 231,000, exceeding expectations, the jump was interpreted by markets as a sign of a cooling labor market, potentially prompting the Fed to lower interest rates. This follows a previous report indicating slower US job growth and wage increases.

Next week's release of the April producer and consumer price indexes (PPI and CPI) will be closely watched for signs of continued inflation decline towards the Fed's 2% target, further influencing expectations for interest rate adjustments.

Meanwhile, crude oil prices climb for a third day, topping $84/barrel.

Domestic Markets:

The domestic stock market plunged today, with the Nifty 50 crashing below the crucial 22,000 level. A perfect storm of anxieties - election uncertainty, relentless selling by foreign investors, lackluster corporate earnings, and spiking oil prices - clobbered investor sentiment. While the Nifty Auto index defied the carnage, roaring to a record high, most other sectoral indices drowned in the sea of red. Oil & gas, metals, and FMCG stocks bore the brunt of the selling. The expiry of weekly index options injected a shot of volatility into the market. The benchmark Sensex tanked a hefty 1,062 points (1.45%) to settle at 72,404. The broader Nifty 50 followed suit, plummeting 345 points (1.55%) to close at 21,957.

Foreign portfolio investors (FPIs) sold shares worth Rs 6,994.86 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 5,642.53 crore in the Indian equity market on 9 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 22858 crore in May so far. They offloaded shares worth 35692 crore in April 2024.

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DJIA 48752.17
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S&P 500 6952.35
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HANG SENG 25774.15
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NIKKEI 225 50375.92
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FTSE 100 9870.68
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