Asian Paints

2493.6 12.70

Cipla

1559.6 0.60

Eicher Motors

6890.5 -37.00

Nestle India

1204.3 0.10

Grasim Inds

2865.4 22.40

Hero Motocorp

5350 34.00

Hindalco Inds.

750.1 -5.85

Hind. Unilever

2569.7 -11.20

ITC

409.3 -3.80

Trent

5197.5 50.00

Larsen & Toubro

3685.5 17.70

M & M

3633.2 25.20

Reliance Industr

1413.8 8.50

Tata Consumer

1136.3 44.20

Tata Motors

719.15 5.90

Tata Steel

171.36 -0.66

Wipro

254.15 0.14

Apollo Hospitals

7888 35.50

Dr Reddy's Labs

1311.4 1.00

Titan Company

3523 -33.80

SBI

857.15 25.60

Shriram Finance

623.25 5.15

Bharat Electron

412.2 9.30

Kotak Mah. Bank

2050.3 28.60

Infosys

1522.4 11.10

Bajaj Finance

1007.5 4.25

Adani Enterp.

2402 2.60

Sun Pharma.Inds.

1620.2 9.70

JSW Steel

1111 -4.20

HDFC Bank

966.5 -0.35

TCS

3172.8 27.10

ICICI Bank

1419.2 -2.40

Power Grid Corpn

287.15 -1.20

Maruti Suzuki

15801 228.00

IndusInd Bank

739.05 -3.20

Axis Bank

1126 4.80

HCL Technologies

1481.5 -1.60

O N G C

236.88 1.79

NTPC

336.4 1.35

Coal India

399.75 3.95

Bharti Airtel

1941.3 1.80

Tech Mahindra

1547.2 15.70

Adani Ports

1406.1 -2.10

HDFC Life Insur.

768.05 -6.30

SBI Life Insuran

1804 -14.80

UltraTech Cem.

12721 143.00

Bajaj Auto

9084 11.50

Bajaj Finserv

2057 -23.30

Eternal Ltd

328.25 0.95

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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HANG SENG 26908.40
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