Asian Paints

2428.1 27.30

Cipla

1341.1 12.20

Eicher Motors

7936.5 39.50

Nestle India

1293.8 15.30

Grasim Inds

2832.8 -31.50

Hindalco Inds.

935.7 30.05

Hind. Unilever

2314.5 35.20

ITC

327 1.00

Trent

4091 23.10

Larsen & Toubro

4380.6 100.10

M & M

3412.8 -19.00

Reliance Industries

1419.4 9.90

Tata Consumer

1156.2 -4.30

Tata Motors PVeh

378 2.30

Tata Steel

208.36 2.95

Wipro

209.86 -1.35

Apollo Hospitals

7615.5 23.00

Dr Reddy's Labs

1280.4 -1.90

Titan Company

4236.4 38.20

SBI

1216.1 10.40

Shriram Finance

1059.3 4.60

Bharat Electron

441.15 5.80

Kotak Mah. Bank

421.35 4.95

Infosys

1353.2 -17.30

Bajaj Finance

1030.2 13.15

Adani Enterp.

2160.8 4.10

Sun Pharma.Inds.

1724.4 11.00

JSW Steel

1235.8 7.40

HDFC Bank

911.85 -3.75

TCS

2686.2 8.30

ICICI Bank

1394.5 5.70

Power Grid Corpn

298.95 4.30

Maruti Suzuki

14977 74.00

Axis Bank

1368.3 11.70

HCL Technologies

1436.5 -13.90

O N G C

278.65 4.00

NTPC

372.95 9.75

Coal India

423.55 7.40

Bharti Airtel

1977.4 -11.20

Tech Mahindra

1456.9 -22.40

Jio Financial

258.6 0.00

Adani Ports

1511.5 -1.80

HDFC Life Insur.

728.65 -4.50

SBI Life Insuran

2080 37.00

Max Healthcare

1087.9 6.45

UltraTech Cem.

12766 78.00

Bajaj Auto

9807 78.00

Bajaj Finserv

2058.5 25.30

Interglobe Aviat

4854.6 39.50

Eternal

269.45 -2.30

Kwality Wall's

27.73 -0.86

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 49649.56
233.39 0.47%
S&P 500 6930.29
47.40 0.69%
HANG SENG 26413.36
-292.59 -1.10%
NIKKEI 225 56838.27
-629.56 -1.10%
FTSE 100 10691.66
64.62 0.61%
NIFTY 25571.25
116.90 0.46%
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