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Asian Paints

2225.8 60.60

Cipla

1195.9 -28.30

Eicher Motors

6825.5 239.50

Nestle India

1180.8 6.00

Grasim Inds

2592.8 35.10

Hindalco Inds.

904.6 20.15

Hind. Unilever

2064.7 9.50

ITC

291.7 4.00

Trent

3526.5 230.70

Larsen & Toubro

3607.5 103.40

M & M

3031.5 76.80

Reliance Industries

1369.2 25.30

Tata Consumer

1023.8 9.00

Tata Motors PVeh

302.95 6.75

Tata Steel

194.6 2.74

Wipro

191.18 3.54

Apollo Hospitals

7305.5 -113.50

Dr Reddy's Labs

1209.6 -45.30

Titan Company

4065.5 114.10

SBI

1017.8 38.40

Shriram Finance

900.55 28.45

Bharat Electron

418.7 18.05

Kotak Mah. Bank

356.05 2.65

Infosys

1275.7 25.10

Bajaj Finance

817.3 15.75

Adani Enterp.

1842.5 83.70

Sun Pharma.Inds.

1728.5 -28.70

JSW Steel

1140.4 17.90

HDFC Bank

742.25 10.70

TCS

2408.2 49.30

ICICI Bank

1212.7 6.80

Power Grid Corpn

292.8 -3.30

Maruti Suzuki

12509 203.00

Axis Bank

1193.1 31.80

HCL Technologies

1354.4 12.80

O N G C

288.05 3.40

NTPC

364.65 -6.00

Coal India

449.4 -1.05

Bharti Airtel

1781.9 -0.50

Tech Mahindra

1404.5 20.50

Jio Financial

231.93 7.83

Adani Ports

1385.4 72.80

HDFC Life Insur.

572.95 -17.65

SBI Life Insuran

1790.5 13.20

Max Healthcare

958.9 -3.40

UltraTech Cem.

10714 -31.00

Bajaj Auto

8895.5 114.00

Bajaj Finserv

1647 15.20

Interglobe Aviat

4180.8 237.30

Eternal

236.52 7.54

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 46577.55
215.03 0.46%
S&P 500 6594.89
45.37 0.69%
HANG SENG 25294.04
505.89 2.04%
NIKKEI 225 53589.67
2525.95 4.95%
FTSE 100 10364.79
188.34 1.85%
NIFTY 22679.40
348.00 1.56%
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