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Asian Paints

2423.1 70.70

Cipla

1227 15.90

Eicher Motors

7128 78.00

Nestle India

1256.6 30.50

Grasim Inds

2741.4 28.40

Hindalco Inds.

1011.45 33.20

Hind. Unilever

2157.6 30.40

ITC

302.05 3.40

Trent

3978.2 102.80

Larsen & Toubro

4076.3 122.00

M & M

3256.5 36.30

Reliance Industries

1344.1 29.00

Tata Consumer

1094.2 3.90

Tata Motors PVeh

357.9 12.40

Tata Steel

208.72 2.33

Wipro

209.75 6.78

Apollo Hospitals

7642 125.50

Dr Reddy's Labs

1217.8 -18.10

Titan Company

4522.2 82.90

SBI

1071.5 7.95

Shriram Finance

1020.95 16.85

Bharat Electron

447.65 6.10

Kotak Mah. Bank

382.4 10.50

Infosys

1305.3 28.50

Bajaj Finance

913.15 14.20

Adani Enterp.

2144.4 15.40

Sun Pharma.Inds.

1696.6 44.40

JSW Steel

1218.6 14.40

HDFC Bank

809.9 15.20

TCS

2554.9 82.30

ICICI Bank

1348.1 -3.00

Power Grid Corpn

312.45 12.10

Maruti Suzuki

13289 213.00

Axis Bank

1355.5 1.90

HCL Technologies

1451.3 21.90

O N G C

287.6 0.05

NTPC

392.6 6.35

Coal India

435.8 0.70

Bharti Airtel

1855.7 -15.20

Tech Mahindra

1483.8 48.40

Jio Financial

242.66 4.98

Adani Ports

1511.8 46.50

HDFC Life Insur.

640.45 21.35

SBI Life Insuran

1971 56.60

Max Healthcare

990.05 38.35

UltraTech Cem.

11785 283.00

Bajaj Auto

9865 49.00

Bajaj Finserv

1825.8 37.50

Interglobe Aviat

4638 210.80

Eternal

246.67 10.45

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 48485.12
-71.88 -0.15%
S&P 500 7044.29
55.91 0.80%
HANG SENG 25947.32
74.99 0.29%
NIKKEI 225 58133.63
256.24 0.44%
FTSE 100 10572.50
-36.56 -0.34%
NIFTY 24231.30
388.65 1.63%
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