Asian Paints

2881.5 7.50

Cipla

1525 1.20

Eicher Motors

7026 -172.50

Nestle India

1270.5 -6.30

Grasim Inds

2730 -14.00

Hindalco Inds.

806.4 5.60

Hind. Unilever

2458.1 32.90

ITC

402.65 0.35

Trent

4266.6 -25.80

Larsen & Toubro

4104.6 42.60

M & M

3668.6 -17.80

Reliance Industr

1564.5 -5.40

Tata Consumer

1184 -1.30

Tata Motors PVeh

359.7 0.45

Tata Steel

168.58 -1.09

Wipro

249.1 -1.09

Apollo Hospitals

7352 -41.00

Dr Reddy's Labs

1245.1 -2.90

Titan Company

3913.1 15.40

SBI

975.4 -8.50

Shriram Finance

865.9 9.30

Bharat Electron

414.9 -0.40

Kotak Mah. Bank

2127.7 23.90

Infosys

1563.6 5.70

Bajaj Finance

1041.5 30.80

Adani Enterp.

2292.3 -22.70

Sun Pharma.Inds.

1813.5 8.60

JSW Steel

1148.4 -6.00

HDFC Bank

1011.65 7.75

TCS

3145.1 -17.80

ICICI Bank

1387.5 12.50

Power Grid Corpn

274.4 -0.65

Maruti Suzuki

16058 -98.00

Axis Bank

1289.2 -1.00

HCL Technologies

1623.3 5.40

O N G C

244.15 -3.55

NTPC

327.35 1.25

Coal India

377.55 0.20

Bharti Airtel

2117.3 -9.50

Tech Mahindra

1509.8 -10.60

Jio Financial

306.7 -1.30

Adani Ports

1508.5 2.30

HDFC Life Insur.

779.75 -7.80

SBI Life Insuran

2011.3 -17.80

Max Healthcare

1162 -0.60

UltraTech Cem.

11650 -109.00

Bajaj Auto

9043.5 -120.50

Bajaj Finserv

2105 19.90

Interglobe Aviat

5926.5 13.50

Eternal Ltd

302.5 -4.35

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 47439.25
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S&P 500 6833.01
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HANG SENG 25928.09
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NIKKEI 225 49532.43
872.91 1.79%
FTSE 100 9690.34
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