Asian Paints
2964.5 11.00
Cipla
1510 2.00
Eicher Motors
7080 -1.50
Nestle India
1235.8 -6.10
Grasim Inds
2725.8 5.50
Hindalco Inds.
818.45 2.15
Hind. Unilever
2459.7 11.70
ITC
402.65 2.15
Trent
4204.6 16.40
Larsen & Toubro
4005.8 17.80
M & M
3663.4 14.00
Reliance Industr
1549.2 10.40
Tata Consumer
1141.9 1.90
Tata Motors PVeh
356.45 -0.40
Tata Steel
166.97 0.05
Wipro
257.33 2.64
Apollo Hospitals
7196 12.00
Dr Reddy's Labs
1275.6 -5.10
Titan Company
3813.8 -4.00
SBI
945.95 -5.10
Shriram Finance
826.15 -1.95
Bharat Electron
406.75 2.80
Kotak Mah. Bank
2129.4 -16.70
Infosys
1593.1 14.40
Bajaj Finance
1025.9 4.50
Adani Enterp.
2212.5 22.70
Sun Pharma.Inds.
1806.1 -0.60
JSW Steel
1148.6 5.00
HDFC Bank
997.1 -3.40
TCS
3236.2 56.20
ICICI Bank
1383.6 -7.90
Power Grid Corpn
268.65 0.20
Maruti Suzuki
15930 -152.00
Axis Bank
1278.4 7.70
HCL Technologies
1666.1 25.60
O N G C
242.45 2.43
NTPC
324.05 1.10
Coal India
376.25 1.00
Bharti Airtel
2084.8 -1.20
Tech Mahindra
1568.8 27.10
Jio Financial
302.7 1.70
Adani Ports
1495 -2.70
HDFC Life Insur.
754.2 2.25
SBI Life Insuran
2007.3 34.50
Max Healthcare
1078.1 -7.90
UltraTech Cem.
11600 9.00
Bajaj Auto
9040 39.50
Bajaj Finserv
2050.9 4.90
Interglobe Aviat
5503.5 -92.00
Eternal Ltd
296.25 -1.50
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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