Asian Paints
2504.6 -11.40
Cipla
1663.6 24.50
Eicher Motors
7018.5 5.00
Nestle India
1287.3 1.90
Grasim Inds
2870.7 16.70
Hindalco Inds.
784.95 -1.40
Hind. Unilever
2591.7 -2.70
ITC
412.85 -0.20
Trent
4791.1 -11.20
Larsen & Toubro
3888.2 15.50
M & M
3621.2 22.10
Reliance Industr
1465.2 -1.60
Tata Consumer
1174.6 -1.80
Tata Motors
401.85 2.10
Tata Steel
172.78 0.83
Wipro
241.36 0.12
Apollo Hospitals
8012 2.00
Dr Reddy's Labs
1288.7 6.70
Titan Company
3729 -8.20
SBI
907.85 0.35
Shriram Finance
695.25 1.30
Bharat Electron
417.7 1.20
Kotak Mah. Bank
2197 -16.80
Infosys
1472.4 11.50
Bajaj Finance
1086.5 5.50
Adani Enterp.
2549.9 1.80
Sun Pharma.Inds.
1690.5 1.90
JSW Steel
1152.5 7.30
HDFC Bank
1007.7 4.75
TCS
3006.7 -8.50
ICICI Bank
1382 -8.30
Power Grid Corpn
288.6 0.40
Maruti Suzuki
16396 -28.00
Axis Bank
1237.3 11.30
HCL Technologies
1486 -9.40
O N G C
248.12 -0.62
NTPC
342 0.05
Coal India
391.1 0.50
Bharti Airtel
2043.5 -8.00
Tech Mahindra
1448.7 4.30
Adani Ports
1473.5 6.50
HDFC Life Insur.
743.7 1.45
SBI Life Insuran
1841 1.30
Max Healthcare
1204 -5.60
UltraTech Cem.
12342 -4.00
Bajaj Auto
9118 -6.50
Bajaj Finserv
2169.1 29.30
Interglobe Aviat
5913 -21.00
Eternal Ltd
338.1 -0.05
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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