Asian Paints

2376.2 -18.70

Cipla

1348.2 -9.90

Eicher Motors

8010.5 -179.50

Nestle India

1291.7 -26.30

Grasim Inds

2799.8 -63.70

Hindalco Inds.

924.7 -16.60

Hind. Unilever

2338.1 -45.20

ITC

313.6 -4.70

Trent

3899.5 43.50

Larsen & Toubro

4278.3 -8.20

M & M

3397.4 -87.20

Reliance Industries

1393.9 -12.90

Tata Consumer

1141 -18.50

Tata Motors PVeh

382.65 -8.90

Tata Steel

212.33 -3.19

Wipro

200.96 -0.12

Apollo Hospitals

7821.5 46.50

Dr Reddy's Labs

1286.3 -33.00

Titan Company

4327.5 -15.10

SBI

1201.7 -7.80

Shriram Finance

1079.4 -25.20

Bharat Electron

444.7 -4.35

Kotak Mah. Bank

415.2 -9.35

Infosys

1300.1 11.00

Bajaj Finance

995.9 -17.05

Adani Enterp.

2161.8 -54.60

Sun Pharma.Inds.

1737 -48.70

JSW Steel

1264.7 -15.90

HDFC Bank

887.75 -10.85

TCS

2637.4 -10.30

ICICI Bank

1378.9 -26.00

Power Grid Corpn

298.65 -4.60

Maruti Suzuki

14857 -356.00

Axis Bank

1383.9 -11.60

HCL Technologies

1389.1 15.60

O N G C

279.7 -0.40

NTPC

381.9 0.00

Coal India

430.65 -2.85

Bharti Airtel

1879.3 -50.30

Tech Mahindra

1357.8 -4.00

Jio Financial

255.4 -0.75

Adani Ports

1521 -29.60

HDFC Life Insur.

715.3 -18.70

SBI Life Insuran

2037.2 -45.60

Max Healthcare

1091.95 -17.95

UltraTech Cem.

12677 -260.00

Bajaj Auto

9972.5 -137.50

Bajaj Finserv

1993.4 -47.90

Interglobe Aviat

4827.2 -106.30

Eternal

246.3 -0.20

Pre-Session - Detailed News Back
Shares may start higher
10-Jun-24   08:32 Hrs IST

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 52.50 points at the opening bell.

The market will react to the formation of the new government as Narendra Modi and his 71 ministers took oath of office and secrecy on Sunday (9th June).

Foreign portfolio investors (FPIs) bought shares worth Rs 4,391.02 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,289.75 crore in the Indian equity market on 7 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 13718.42 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Most Asian were trading lower on Monday. This shift comes after Friday's U.S. jobs report, which surprised analysts. The report indicated a stronger-than-expected labor market, with significant job creation and accelerating wage growth. This data has led investors to scale back their expectations of Federal Reserve interest rate cuts happening later in 2024.

The robust U.S. jobs data, released by the Bureau of Labor Statistics (BLS) on Friday, showed the creation of 272,000 new jobs in May. This surpassed analyst forecasts and came after a revised figure of 165,000 jobs added in April. Additionally, average hourly earnings rose 0.4% in May, following a 0.2% increase in April. Year-on-year wage growth climbed to 4.1% in May, compared to the upwardly revised 4.0% reported in April. Generally, wage growth within a 3.0% to 3.5% range aligns with the Fed's 2% inflation target. The average workweek remained steady at 34.3 hours.

Japan's revised GDP data for the first quarter (ending March 31, 2024) revealed a contraction of 1.8% year-on-year. This is an improvement from the initial estimate of a 2.0% decline. However, it still signifies a significant slowdown compared to the 0.4% growth observed in the previous quarter. On a quarterly basis, Japan's GDP fell 0.5%, matching the initial estimate.

Meanwhile, a recent snap election call in France has injected broader political concerns into the market, causing the euro to weaken.

U.S. markets closed strong on Friday. The S&P 500 reached a new intraday record high. The Dow Jones Industrial Average gained 0.29%, and the Nasdaq Composite rose 2.38%. Notably, Nvidia's stock price jumped 10% last week, driven by continued investor enthusiasm for the artificial intelligence leader. This surge pushed Nvidia's market capitalization past the $3 trillion mark.

Domestic Markets:

The domestic equity markets surged on Friday, with the Nifty 50 closing just below 23,300. The RBI's upgrade of India's GDP growth forecast to 7.2% for FY25, combined with the assurance of a stable Modi-led coalition government, ignited a rally across sectors. Even the previously underperforming IT stocks caught fire, spurred on by their appealing valuations. The barometer index, the S&P BSE Sensex was surged 1,618.85 points or 2.16% to 76,693.36. The Nifty 50 index jumped 468.75 points or 2.05% to 23,290.15.

Powered by Capital Market - Live News


DJIA 49510.83
7.68 0.02%
S&P 500 6928.66
-38.47 -0.55%
HANG SENG 26630.55
249.52 0.95%
NIKKEI 225 58843.60
90.21 0.15%
FTSE 100 10926.32
79.62 0.73%
NIFTY 25178.65
-317.90 -1.25%
×
Ask Your Question
close
refresh