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Asian Paints

2270.2 52.90

Cipla

1244.4 25.00

Eicher Motors

6992.5 121.50

Nestle India

1204.1 20.90

Grasim Inds

2647.8 98.40

Hindalco Inds.

868.65 14.00

Hind. Unilever

2134.8 49.80

ITC

295.7 4.45

Trent

3478.9 113.30

Larsen & Toubro

3649.3 132.50

M & M

3128.1 96.80

Reliance Industries

1413.1 1.30

Tata Consumer

1056.1 3.00

Tata Motors PVeh

317.95 6.75

Tata Steel

196.65 5.86

Wipro

189.05 0.31

Apollo Hospitals

7580.5 167.50

Dr Reddy's Labs

1300.7 41.10

Titan Company

4039.3 139.80

SBI

1060.6 29.80

Shriram Finance

956 52.40

Bharat Electron

413.45 -1.00

Kotak Mah. Bank

371.1 4.25

Infosys

1279.1 0.80

Bajaj Finance

882.75 33.75

Adani Enterp.

1886.6 68.70

Sun Pharma.Inds.

1795.4 42.10

JSW Steel

1156 22.30

HDFC Bank

782.3 17.40

TCS

2377.4 -21.40

ICICI Bank

1259.7 8.50

Power Grid Corpn

295 -4.00

Maruti Suzuki

12711 247.00

Axis Bank

1222.1 29.40

HCL Technologies

1381.3 8.00

O N G C

270.2 2.15

NTPC

378.4 2.85

Coal India

443.7 1.60

Bharti Airtel

1834.9 32.80

Tech Mahindra

1408.5 -24.20

Jio Financial

237.35 4.65

Adani Ports

1375.9 31.70

HDFC Life Insur.

612.9 9.90

SBI Life Insuran

1851.8 15.80

Max Healthcare

988.2 19.00

UltraTech Cem.

11204 440.00

Bajaj Auto

9048.5 150.50

Bajaj Finserv

1746.2 41.80

Interglobe Aviat

4294.7 143.90

Eternal

242.18 4.24

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 46146.75
-82.73 -0.18%
S&P 500 6578.03
-23.97 -0.36%
HANG SENG 25335.96
272.24 1.09%
NIKKEI 225 53715.15
1462.87 2.80%
FTSE 100 10078.37
113.21 1.14%
NIFTY 23306.45
394.05 1.72%
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