Adani Enterp.

3219.05down-arrow-2.20

Adani Ports

1393.95down-arrow-9.50

Apollo Hospitals

6168.6down-arrow60.65

Asian Paints

2905.8down-arrow3.35

Axis Bank

1187.9down-arrow-6.70

B P C L

613.35down-arrow6.15

Bajaj Auto

9904.25down-arrow91.55

Bajaj Finance

7217.75down-arrow79.65

Bajaj Finserv

1579.1down-arrow10.85

Bharti Airtel

1438.4down-arrow11.15

Britannia Inds.

5439.3down-arrow-78.45

Cipla

1540.95down-arrow10.70

Coal India

488.7down-arrow12.35

Divi's Lab.

4452.35down-arrow-23.10

Dr Reddy's Labs

6060.05down-arrow20.80

Eicher Motors

4850.65down-arrow92.00

Grasim Inds

2450.15down-arrow-6.75

HCL Technologies

1438.75down-arrow9.95

HDFC Bank

1574.15down-arrow9.35

HDFC Life Insur.

572.7down-arrow1.00

Hero Motocorp

5790.2down-arrow3.60

Hind. Unilever

2528.7down-arrow-27.65

Hindalco Inds.

673.9down-arrow0.95

ICICI Bank

1119.55down-arrow1.35

IndusInd Bank

1484.25down-arrow3.20

Infosys

1485.2down-arrow-10.55

ITC

432.3down-arrow-0.70

JSW Steel

916.9down-arrow6.80

Kotak Mah. Bank

1715.75down-arrow-4.25

Larsen & Toubro

3630.3down-arrow31.60

LTIMindtree

4951.1down-arrow47.55

M & M

2787.55down-arrow-48.00

Maruti Suzuki

12849.35down-arrow-14.30

Nestle India

2537.3down-arrow-4.65

NTPC

371.3down-arrow3.90

O N G C

275.5down-arrow1.95

Power Grid Corpn

324.65down-arrow8.10

Reliance Industr

2926.65down-arrow13.30

SBI Life Insuran

1452.7down-arrow24.65

Shriram Finance

2566.95down-arrow33.95

St Bk of India

839.1down-arrow3.55

Sun Pharma.Inds.

1506.85down-arrow7.10

Tata Consumer

1124.65down-arrow-10.95

Tata Motors

988.7down-arrow1.60

Tata Steel

182.23down-arrow0.90

TCS

3831.65down-arrow-20.45

Tech Mahindra

1370.6down-arrow21.15

Titan Company

3382.3down-arrow-28.40

UltraTech Cem.

11044.8down-arrow111.25

Wipro

476.9down-arrow0.85

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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