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Asian Paints

2820.3 72.90

Cipla

1396.7 7.30

Eicher Motors

7363 51.00

Nestle India

1410 34.30

Grasim Inds

3168 62.50

Hindalco Inds.

1039.2 17.60

Hind. Unilever

2200 31.20

ITC

287 1.90

Trent

2791.3 36.00

Larsen & Toubro

4130 80.70

M & M

3090 47.10

Reliance Industries

1315.3 22.30

Tata Consumer

1109.7 9.00

Tata Motors PVeh

398.2 8.20

Tata Steel

199.96 2.10

Wipro

183 2.86

Apollo Hospitals

8526 28.00

Dr Reddy's Labs

1296.2 20.80

Titan Company

4221 37.00

SBI

1034 16.85

Shriram Finance

1005 50.05

Bharat Electron

412 5.50

Kotak Mah. Bank

408 4.70

Infosys

1130 13.60

Bajaj Finance

942 23.70

Adani Enterp.

2960 38.40

Sun Pharma.Inds.

1818 10.30

JSW Steel

1312.6 15.00

HDFC Bank

790 17.55

TCS

2192 30.60

ICICI Bank

1354.6 13.80

Power Grid Corpn

290 5.20

Maruti Suzuki

13550 184.00

Axis Bank

1372 15.70

HCL Technologies

1123.5 13.90

O N G C

248.05 1.85

NTPC

357.4 3.50

Coal India

448.3 4.80

Bharti Airtel

1841 18.50

Tech Mahindra

1441.2 12.00

Jio Financial

241.5 5.61

Adani Ports

1839 26.10

HDFC Life Insur.

561 5.65

SBI Life Insuran

1723 17.00

Max Healthcare

1021.95 9.50

UltraTech Cem.

11242 125.00

Bajaj Auto

10164 101.00

Bajaj Finserv

1714 24.90

Interglobe Aviat

4820 110.30

Eternal

250 6.20

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.

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DJIA 51233.54
363.79 0.72%
S&P 500 7453.14
37.84 0.51%
HANG SENG 24718.11
468.81 1.93%
NIKKEI 225 66063.56
1846.29 2.88%
FTSE 100 10460.24
156.36 1.52%
NIFTY 23984.85
361.95 1.53%
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