Stock Market Highlights: Nifty ends Friday’s session 469 points higher; short-term trend stays positive. What’s in store for D-St next week
Economic Times |
Having reached the overhead resistance of around 23,300-23,400 levels, there is a possibility of minor dip in the market from the highs in the short term and that could be a buying opportunity. Immediate support is at 22,900 levels, said Nagaraj Shetti of HDFC Securities.
07:48:36 PM IST, 07 Jun 2024
GameStop share trading halted for volatility after 5% drop
GameStop shares fell after the retailer unexpectedly released earnings and a plan to sell up to 75 million additional shares hours before Keith Gill’s highly anticipated return to YouTube drew in speculators.
07:38:36 PM IST, 07 Jun 2024
US stocks open lower after hot payrolls data
US stock indexes fell at the open on Friday after data revealed that job growth in May significantly exceeded expectations, causing investors to reconsider the likelihood of a rate cut starting in September. The Dow Jones Industrial Average dropped 24.93 points, or 0.06%, to 38,861.24. The S&P 500 declined by 9.15 points, or 0.17%, to 5,343.81. The Nasdaq Composite decreased by 48.99 points, or 0.29%, to 17,124.14. The stronger-than-expected job growth data has influenced market sentiment, leading to these early declines.
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05:57:07 PM IST, 07 Jun 2024
Tech View: Nifty forms long bull candle on daily chart. Here’s how to trade next
On daily charts, the Nifty has been inching higher after a sharp decline on Tuesday. It has recovered all the lost ground and is within touching distance of the previous all-time high of 23,338. The V-shaped recovery has put the structure in favour of bulls and dips towards the support zone of 22,800 – 22,700 should be used as a buying opportunity.
05:32:05 PM IST, 07 Jun 2024
Nifty Bank rallies over 1% on Friday; next target seen around 50,000-51,000: Experts
The Nifty Bank rallied over 1% on Friday and 1.6% for the week ended June 7, 2024, supported by positive domestic cues. The index rose 511 points to close at 49,803 while the Nifty50 rallied 468 points to close at 23,290. AU Small Finance Bank, SBI, Bandhan Bank rose 1-2% respectively. HDFC Bank rose 0.8%, ICICI Bank rallied 1% and Kotak Bank was up 1.1%.
03:42:50 PM IST, 07 Jun 2024
Rupee ends higher at 83.372 vs vs Dollar
The Indian rupee ended the week on a stronger note on Friday, driven by dollar sales from domestic corporates and an overall improvement in most Asian currencies. This uptick came ahead of the release of the highly anticipated U.S. labor market data.
Closing at 83.3725 against the U.S. dollar, the rupee strengthened from its previous close of 83.4725. Additionally, the currency registered a week-on-week increase of 0.1%.
Closing at 83.3725 against the U.S. dollar, the rupee strengthened from its previous close of 83.4725. Additionally, the currency registered a week-on-week increase of 0.1%.
"The anticipation of stability within the coalition government at the centre, coupled with the RBI's upward revision of its growth forecast for FY25 to 7.2%, fuelled a broad-based rally in the domestic market. The Indian market surpassed its previous record high set on exit-poll day and reached a fresh peak. Though the last mile towards the inflation target remains sticky, investors are expecting the MPC to be one step closer to the easing cycle."
- Vinod Nair, Head of Research, Geojit Financial Services
03:36:02 PM IST, 07 Jun 2024
Stock Market LIVE Updates | Sector watch: A sea of green
03:34:54 PM IST, 07 Jun 2024
Stock Market LIVE Updates | Closing Bell: Sensex surges 1,619 pts to settle at record high, Nifty near 23,300
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03:16:21 PM IST, 07 Jun 2024
Stock Market LIVE Updates: Sebi recognised for innovative regulatory practices by The Asian Banker
SEBI has been awarded the 'Best Conduct of Business Regulator' in the Asia Pacific region by The Asian Banker. This recognition is for the regulator's efforts in improving the regulatory framework of India's securities markets.
02:57:36 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates: Sensex zooms 1,700 points
02:59:06 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates: Nifty inching towards 23,300
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02:46:13 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates: IT stocks gain up to 5% led by Wipro, Infosys
Wipro Ltd. | 481.95 | 20.95(4.55) |
HCL Technologies Ltd. | 1426.40 | 28.91(2.07) |
Infosys Ltd. | 1532.70 | 60.46(4.11) |
LTIMindtree Ltd. | 4973.00 | 172.75(3.60) |
Tech Mahindra Ltd. | 1366.35 | 48.90(3.72) |
02:42:49 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates: Nifty Pharma at record high
Policy continuity cheers up D-street.
02:39:28 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates: Sensex zooms 1,600 points
Here's a list of top index contributors.
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02:30:40 PM IST, 07 Jun 2024
Stock Market LIVE Updates | Nifty Auto hits 52-week high
02:32:10 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | M&M, Sobha among stocks that hit record high today
Sobha Ltd. | 2104.95 | 155.15(7.96) |
Brigade Enterprises Ltd. | 1385.15 | 67.56(5.13) |
TVS Motor Company Ltd. | 2402.70 | 4.50(0.19) |
Mahindra & Mahindra Ltd. | 2847.85 | 148.00(5.49) |
Dixon Technologies (India) Ltd. | 9990.00 | 228.00(2.34) |
Balkrishna Industries Ltd. | 3184.85 | 76.35(2.46) |
02:21:12 PM IST, 07 Jun 2024
Sensex LIVE Updates | SENSEX ZOOMS 1,600 PTS: Check out the top gainers
Signoria Creation Ltd. | 140.00 | 20.00(16.67) |
IIFL Finance Ltd. | 466.60 | 52.41(12.66) |
Ashoka Buildcon Ltd. | 208.45 | 22.10(11.86) |
Amara Raja Energy & Mobility Ltd. | 1410.35 | 132.85(10.40) |
Avanti Feeds Ltd. | 623.95 | 58.61(10.37) |
Great Eastern Shipping Company Ltd. | 1176.15 | 106.31(9.94) |
Foce India Ltd. | 980.00 | 82.00(9.14) |
01:55:16 PM IST, 07 Jun 2024
Sensex LIVE Updates | SENSEX SKYROCKETS 1,500 PTS
01:33:55 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Bitcoin holds above $71K ahead of US jobs data; Altcoins trade flat
In Friday's trading session, cryptocurrency prices exhibited a mixed performance as investors awaited the release of US jobs data later in the day.
Over the past 24 hours, Bitcoin saw a 0.4% rise, reaching $71,235, with other cryptocurrencies like BNB, Solana, Toncoin, Cardano, and Chainlink also experiencing gains of up to 4%. However, Ethereum recorded a 0.7% decline, closing at $3,819.
Over the past 24 hours, Bitcoin saw a 0.4% rise, reaching $71,235, with other cryptocurrencies like BNB, Solana, Toncoin, Cardano, and Chainlink also experiencing gains of up to 4%. However, Ethereum recorded a 0.7% decline, closing at $3,819.
01:17:34 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Sea of Green
- All sectors trade in green
- IT index top gainer
- Almost all indices rise over 1%
01:11:58 PM IST, 07 Jun 2024
Stock Market LIVE Updates: Nifty recoups all June 4 (election result day) losses
The Reserve Bank of India's Monetary Policy Committee (MPC) has again chosen to keep the repo rate unchanged at 6.5% for the eighth consecutive time in its bi-monthly interest rate decision. This decision reflects the RBI's cautious approach to managing inflation and supporting economic growth amidst global uncertainties and domestic challenges.With the new Modi-led NDA government taking the reins, the RBI is expected to closely monitor its fiscal policies, particularly their potential impact on inflation. This proactive stance underscores the central bank's commitment to maintaining price stability.
- Vipul Bhowar, Director - Listed Investments, Waterfield Advisors
12:29:45 PM IST, 07 Jun 2024
Stock Market LIVE Updates | Last mile of our journey towards 4 pc inflation target is sticky: RBI Governor
- RBI's rate action would be dependent on domestic data not on US Fed action, says RBI Governor Shaktikanta Das.
- No signs of overheating of economy, says RBI Deputy Governor M D Patra.
12:16:14 PM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Rate sensitive bank stocks surge
DCB Bank Ltd. | 135.10 | 5.25(4.05) |
RBL Bank Ltd. | 250.15 | 6.46(2.65) |
Bandhan Bank Ltd. | 196.55 | 5.00(2.62) |
Bank of India | 120.10 | 2.25(1.91) |
Axis Bank Ltd. | 1191.80 | 20.85(1.79) |
Karur Vysya Bank Ltd. | 201.50 | 3.20(1.62) |
Ujjivan Small Finance Bank Ltd. | 48.60 | 0.75(1.57) |
12:13:18 PM IST, 07 Jun 2024
SENSEX ZOOMS 1,400 PTS: RIL, Infy, HDFC Bank lead contributors
MPC’s decision to keep policy rates unchanged, though expected, has a surprise element since 2 members out of 6 were in favour of rate cut. Mr. Jayant Varma was in favour of a rate cut in the last meeting also. This means the number of members in favour of a rate cut is increasing. So a rate cut is likely in the next meeting.Another positive from the Governor’s speech is the upward revision in FY25 GDP growth rate to 7.2% from 7% earlier. This augurs well for corporate earnings and, therefore, for the stock market.
- Dr. V K Vijayakumar, Chief Investment, Strategist, Geojit Financial Services
11:57:31 AM IST, 07 Jun 2024
Stock Market LIVE Updates | Nifty reclaims 23,200; index only 132.3 points away from its 52 week high of 23338.7
11:50:34 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Buzzing: Pharma stocks shine in trade
Natco Pharma Ltd. | 1084.00 | 50.25(4.87) |
Piramal Pharma Ltd. | 151.15 | 3.06(2.06) |
Alembic Pharmaceuticals Ltd. | 913.05 | 19.85(2.23) |
Laurus Labs Ltd. | 436.85 | 7.96(1.86) |
11:41:11 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Wipro, Bajaj Finnace among top gainers from Sensex
Wipro Ltd. | 485.45 | 24.45(5.31) |
Bajaj Finance Ltd. | 7190.00 | 264.20(3.82) |
Infosys Ltd. | 1526.25 | 54.00(3.67) |
Tech Mahindra Ltd. | 1360.50 | 43.05(3.27) |
Tata Steel Ltd. | 176.45 | 4.40(2.56) |
11:38:44 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | SENSEX ZOOMS 1,000 PTS
11:19:17 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Nifty IT rises over 3%; Wipro, Persistent among top gainers
Wipro Ltd. | 486.00 | 25.00(5.43) |
MphasiS Ltd. | 2541.10 | 104.80(4.31) |
Persistent Systems Ltd. | 3845.05 | 150.71(4.08) |
Coforge Ltd. | 5423.10 | 210.46(4.04) |
LTIMindtree Ltd. | 4982.90 | 182.65(3.81) |
"As expected, the RBI has kept the policy rate unchanged at 6.5% by eight consecutive times with a majority vote of 4:2. The MPC has continued with the stance of withdrawal of accommodation. The FY25 CPI inflation forecasted at 4.5%, whereas the GDP growth revised upward to 7.2% versus 7.0% estimated earlier. The food inflation remains higher which is likely to cool off with normal monsoon. We expect the accommodative stance post the full budget announcement on July 24. Additionally the food inflation will be key monitorable."
- Ajit Kumar Kabi, Research Analyst - BFSI, LKP Securities
11:00:15 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | TCS launchesWisdomNextTM, an industry-first GenAI Aggregation Platform
Tata Consultancy Services Ltd. | 3890.00 | 59.60(1.56) |
10:33:34 AM IST, 07 Jun 2024
RBI MPC Outcome | RBI to take further steps to moderate unsecured loans and advances, says RBI Governor
- Few regulated entities still charging certain fees without proper disclosures
- Customer protection remains top on RBI's priority
10:20:22 AM IST, 07 Jun 2024
RBI MPC Outcome | RBI committed to bring Inflation back to target of 4% on a durable basis, says RBI Governor Shaktikanta Das
10:22:43 AM IST, 07 Jun 2024
RBI MPC Outcome | FY25 inflation forecast maintained at 4.5%
- RBI projects retail inflation in Q1 of FY25 at 4.9%, Q2 at 3.8%, Q3 at 4.6%, and Q4 at 4.5%
10:14:53 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates: Nifty tops 23,000
10:13:50 AM IST, 07 Jun 2024
RBI MPC Outcome | GDP for FY25 is projected at 7.2%; Q1 at 7.3%, Q2 at 7.2%, Q3 at 7.3% and Q4 at 7.2%
10:13:27 AM IST, 07 Jun 2024
Sensex up 600 points as RBI raises FY25 GDP growth forecast
10:13:16 AM IST, 07 Jun 2024
RBI MPC Outcome | MPC raises GDP forecast for FY25 to 7.2% from 7% earlier
10:09:26 AM IST, 07 Jun 2024
RBI MPC Outcome | Central bank draws up models to position it as modern apex bank, says RBI Governor Shaktikanta Das.
10:11:05 AM IST, 07 Jun 2024
RBI MPC Outcome | Food inflation remains elevated, says RBI Guv
Deflation in fuel prices is ongoing, says Guv Das.
10:09:41 AM IST, 07 Jun 2024
RBI MPC Outcome | RBI Guv says,
- Indian economy exhibits strong fundamentals
- Need to remain resilient in uncertain global environment
10:06:22 AM IST, 07 Jun 2024
RBI MPC Outcome | MPC decides by 4:2 majority to keep repo rate unchnaged at 6.5%
- RBI MPC decided to keep repo rate unchanged for the 8th time
- MPC to focus on withdrawal of accommodation
10:03:38 AM IST, 07 Jun 2024
Stock Market LIVE Updates | Sensex surges over 550 pts as RBI meet begins
10:01:49 AM IST, 07 Jun 2024
RBI MPC MEET BEGINS
09:55:53 AM IST, 07 Jun 2024
India bond yields flattish as investors eye RBI guidance for cues
Early on Friday, Indian government bond yields remained relatively steady as investors awaited the Reserve Bank of India's monetary policy decision scheduled for 10:00 a.m. IST, with particular attention on the guidance provided.
At 9:45 a.m. IST, India's benchmark 10-year yield stood at 7.0143%, slightly up from its previous close of 7.0112%.
At 9:45 a.m. IST, India's benchmark 10-year yield stood at 7.0143%, slightly up from its previous close of 7.0112%.
09:52:04 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | HDFC AMC approves interim dividend of Rs 70/share
HDFC Asset Management Company Ltd. | 3745.00 | -15.50(-0.42) |
09:49:55 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | G E Shipping signs contracts to buy a Medium Range Product Tanker
Great Eastern Shipping Company Ltd. | 1095.00 | 25.16(2.36) |
09:41:17 AM IST, 07 Jun 2024
Stock Market LIVE Updates | Nifty Smallcap Index recovers 90% of verdict day's decline
09:22:20 AM IST, 07 Jun 2024
Forex News | Rupee rises in early trade
Rupee rises 7 paise to 83.46 against US dollar in early trade.
09:20:19 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Wipro, BHEL, BEL among top movers in morning trade
Vodafone Idea Ltd. | 15.25 | 0.25(1.67) |
YES Bank Ltd. | 22.85 | -0.05(-0.22) |
NHPC Ltd. | 102.95 | 0.36(0.35) |
Bharat Electronics Ltd. | 273.80 | 0.16(0.06) |
Rail Vikas Nigam Ltd. | 375.95 | 7.31(1.99) |
Wipro Ltd. | 478.90 | 17.90(3.89) |
Bharat Heavy Electricals Ltd. | 279.20 | 1.25(0.45) |
09:18:54 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Opening Bell
Sensex declines 100 pts, slips below 75K; Nifty tests 22,800 ahead of RBI policy outcome
09:05:16 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Pre-opening numbers
Sensex rises 150 pts in pre-opening session, Nifty above 22,800
08:49:05 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Key events to look out for
- India interest rate decision
- China trade (May)
- Japan household spending (April)
08:18:39 AM IST, 07 Jun 2024
Stock Market LIVE Updates | Australian shares rise for third session on commodity boost
Australian shares were poised to mark their strongest week in four, with the market advancing for a third successive session on Friday, primarily driven by increases in commodity-related stocks. Attention turned towards the upcoming U.S. jobs data for additional market direction.
As of 0031 GMT, the S&P/ASX 200 index was up 0.3% at 7,843.3 points. Thus far in the week, the benchmark has accumulated a gain of over 2%.
As of 0031 GMT, the S&P/ASX 200 index was up 0.3% at 7,843.3 points. Thus far in the week, the benchmark has accumulated a gain of over 2%.
07:47:42 AM IST, 07 Jun 2024
Dollar hovers near 8-week low as payrolls test looms
On Friday, the dollar remained near an eight-week low, with investors eagerly awaiting a significant U.S. jobs report that could offer insights into the Federal Reserve's potential timing for interest rate adjustments.
Meanwhile, the euro maintained its overnight gains following the European Central Bank's anticipated rate reduction. However, the ECB's cautious stance on future easing, influenced by persistent inflation concerns, left the outlook uncertain.
Meanwhile, the euro maintained its overnight gains following the European Central Bank's anticipated rate reduction. However, the ECB's cautious stance on future easing, influenced by persistent inflation concerns, left the outlook uncertain.
07:38:15 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil
Benchmark indices maintained their positive momentum for the second consecutive day, displaying comparatively lower volatility than on the results day. In today's trading session, attention will be on stocks like Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil, among others, due to various news developments.
07:37:16 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | US Stocks Slide
The S&P 500 and Nasdaq composite closed slightly down on Thursday as investors anticipated a significant labor market report, stepping back from the record peaks seen the day before.
Meanwhile, the Dow edged up. Initially, both the S&P 500 and Nasdaq surged to new intraday highs, but later declined due to a drop in technology stocks.
Meanwhile, the Dow edged up. Initially, both the S&P 500 and Nasdaq surged to new intraday highs, but later declined due to a drop in technology stocks.
07:36:24 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate
On Friday, oil prices continued their upward trajectory, spurred by signals from OPEC+ members Saudi Arabia and Russia suggesting a willingness to halt or even reverse output agreements. Additionally, an interest rate cut in Europe fueled speculation of a similar move in the U.S.
Brent crude futures climbed by 16 cents, reaching $80.03 per barrel, while U.S. West Texas Intermediate crude futures also increased by 16 cents, reaching $75.71, as of 0007 GMT.
Brent crude futures climbed by 16 cents, reaching $80.03 per barrel, while U.S. West Texas Intermediate crude futures also increased by 16 cents, reaching $75.71, as of 0007 GMT.
07:35:44 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Asian Markets
- S&P 500 futures were little changed as of 9:11 a.m. Tokyo time
- Hang Seng futures rose 0.4%
- Japan’s Topix was little changed
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures rose 0.7%
07:34:54 AM IST, 07 Jun 2024
Sensex Today | Stock Market LIVE Updates | Thursday D-Street Wrap
On Thursday, the main Indian stock indices concluded higher for the second consecutive day as investors moved beyond the surprise election outcomes and awaited the formation of a coalition government.
The NSE Nifty 50 index closed 0.89% up at 22,821 points, while the S&P BSE Sensex increased by 0.93% to reach 75,074 points, building on the gains of over 3% witnessed on Wednesday.
The NSE Nifty 50 index closed 0.89% up at 22,821 points, while the S&P BSE Sensex increased by 0.93% to reach 75,074 points, building on the gains of over 3% witnessed on Wednesday.