Asian Paints

2896.3 -10.10

Cipla

1531 -1.10

Eicher Motors

6739 44.00

Nestle India

1273 1.40

Grasim Inds

2782 -1.40

Hindalco Inds.

803.1 -0.55

Hind. Unilever

2427 -0.70

ITC

409.4 1.25

Trent

4400.9 9.70

Larsen & Toubro

4010 5.60

M & M

3696 -2.60

Reliance Industr

1519.3 0.40

Tata Consumer

1165.9 8.10

Tata Motors PVeh

375.7 -15.50

Tata Steel

173.3 -0.96

Wipro

243.67 -0.70

Apollo Hospitals

7454 33.50

Dr Reddy's Labs

1244.8 -1.20

Titan Company

3841.3 12.10

SBI

973.5 5.65

Shriram Finance

822.9 13.60

Bharat Electron

425.4 -1.45

Kotak Mah. Bank

2108.4 28.70

Infosys

1499.4 -3.40

Bajaj Finance

1026.9 8.40

Adani Enterp.

2440 0.00

Sun Pharma.Inds.

1752.6 -4.50

JSW Steel

1172.8 5.00

HDFC Bank

989.4 -0.20

TCS

3098 -8.00

ICICI Bank

1377 4.00

Power Grid Corpn

271.9 0.60

Maruti Suzuki

15751 67.00

Axis Bank

1254.9 13.30

HCL Technologies

1594.5 -0.10

O N G C

248.9 1.30

NTPC

330.9 2.45

Coal India

388.2 1.25

Bharti Airtel

2109.1 8.40

Tech Mahindra

1447 7.80

Jio Financial

314.4 -0.50

Adani Ports

1510.8 -1.90

HDFC Life Insur.

771.2 -2.50

SBI Life Insuran

1997.5 -3.40

Max Healthcare

1095.2 -7.90

UltraTech Cem.

11800 -74.00

Bajaj Auto

8980 137.00

Bajaj Finserv

2065.7 -0.10

Interglobe Aviat

5873.5 -35.00

Eternal Ltd

303 -0.75

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.

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DJIA 47163.83
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S&P 500 6754.35
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HANG SENG 26572.47
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NIKKEI 225 50333.56
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FTSE 100 9693.83
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NIFTY 25949.30
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