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

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 47916.06
420.60 0.89%
S&P 500 6872.48
22.11 0.32%
HANG SENG 25760.74
-334.32 -1.28%
NIKKEI 225 49986.70
683.25 1.39%
FTSE 100 9708.56
6.76 0.07%
NIFTY 26028.15
42.15 0.16%
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