Asian Paints

2876.9 0.30

Cipla

1521.9 10.10

Eicher Motors

7257.5 123.00

Nestle India

1275 -5.70

Grasim Inds

2718.8 -16.00

Hindalco Inds.

786.75 9.05

Hind. Unilever

2433.8 0.10

ITC

406.65 -1.20

Trent

4314 -45.10

Larsen & Toubro

4024.4 -0.50

M & M

3713.1 -36.50

Reliance Industr

1536.5 -10.10

Tata Consumer

1180.6 -2.50

Tata Motors PVeh

357.55 -4.70

Tata Steel

167.5 -0.50

Wipro

248.73 4.24

Apollo Hospitals

7391 0.00

Dr Reddy's Labs

1259.9 16.00

Titan Company

3910.4 6.20

SBI

974 1.40

Shriram Finance

833.2 9.90

Bharat Electron

408.1 -8.25

Kotak Mah. Bank

2092.4 4.60

Infosys

1567.2 22.20

Bajaj Finance

1004.7 0.60

Adani Enterp.

2418.8 -3.50

Sun Pharma.Inds.

1776.9 -2.80

JSW Steel

1122.2 -18.10

HDFC Bank

1008.05 10.00

TCS

3153.9 3.30

ICICI Bank

1370.2 0.70

Power Grid Corpn

274.85 -2.75

Maruti Suzuki

16023 46.00

Axis Bank

1285 9.20

HCL Technologies

1627.7 19.70

O N G C

246.1 -0.85

NTPC

325.4 -1.25

Coal India

375.55 -2.65

Bharti Airtel

2160.1 -2.60

Tech Mahindra

1503.2 41.70

Jio Financial

302.65 -0.90

Adani Ports

1479.1 -0.70

HDFC Life Insur.

764.3 0.30

SBI Life Insuran

2016.9 -5.60

Max Healthcare

1164.6 -16.50

UltraTech Cem.

11674 -55.00

Bajaj Auto

8991.5 99.50

Bajaj Finserv

2063 10.60

Interglobe Aviat

5852 8.50

Eternal Ltd

301.9 -0.05

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 46275.21
501.96 1.10%
S&P 500 6624.30
64.54 0.98%
HANG SENG 25220.03
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NIKKEI 225 48653.14
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FTSE 100 9535.95
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37.10 0.14%
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