Asian Paints

2756.9 -57.00

Cipla

1397.5 -37.00

Eicher Motors

7315 -43.00

Nestle India

1315.9 8.80

Grasim Inds

2809.6 13.80

Hindalco Inds.

934.65 -20.70

Hind. Unilever

2360.4 6.90

ITC

329.2 -5.55

Trent

3899.7 -32.50

Larsen & Toubro

3856.4 -9.40

M & M

3658.2 8.70

Reliance Industr

1457.9 -0.90

Tata Consumer

1189.1 17.70

Tata Motors PVeh

353.6 3.80

Tata Steel

188.21 -1.04

Wipro

267.45 7.25

Apollo Hospitals

7235.5 -37.00

Dr Reddy's Labs

1175.5 -11.00

Titan Company

4196.9 -24.60

SBI

1042.3 13.95

Shriram Finance

995.45 14.35

Bharat Electron

410.25 -7.35

Kotak Mah. Bank

418.2 -2.80

Infosys

1689.8 90.00

Bajaj Finance

950.25 4.30

Adani Enterp.

2157.3 4.00

Sun Pharma.Inds.

1668.9 -31.80

JSW Steel

1187.3 5.50

HDFC Bank

931.1 5.65

TCS

3206.7 14.20

ICICI Bank

1410.8 -7.60

Power Grid Corpn

257.3 -1.05

Maruti Suzuki

15859 -293.00

Axis Bank

1294.2 -4.60

HCL Technologies

1698 29.50

O N G C

247.17 -1.06

NTPC

346.35 -2.75

Coal India

431 -1.20

Bharti Airtel

2016.4 -6.10

Tech Mahindra

1670.5 82.00

Jio Financial

278.8 -8.20

Adani Ports

1421.9 -8.10

HDFC Life Insur.

732.55 -10.65

SBI Life Insuran

2081 12.20

Max Healthcare

1037 3.40

UltraTech Cem.

12378 123.00

Bajaj Auto

9489 -90.50

Bajaj Finserv

2002.5 1.60

Interglobe Aviat

4740 7.00

Eternal

287.7 -11.55

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.

Powered by Capital Market - Live News


DJIA 49379.59
-83.86 -0.17%
S&P 500 6960.70
-4.77 -0.07%
HANG SENG 26844.97
-78.66 -0.29%
NIKKEI 225 53996.71
-113.79 -0.21%
FTSE 100 10219.48
-19.46 -0.19%
NIFTY 25694.35
28.75 0.11%
×
Ask Your Question
close
refresh