Stock Market LIVE Updates: GIFT Nifty hints a positive opening; US markets mixed, Asia gains
Oil prices edged up on Tuesday as market participants waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.
Brent crude futures edged up 12 cents to $67.16 a barrel. U.S. West Texas Intermediate crude was trading up 13 cents at $65.42, after hitting its highest since April 4 earlier in the session.
On Monday, Brent had risen to $67.19, the highest since April 28, buoyed by the prospect of a U.S.-China trade deal.
Some participants have raised concerns about BSEs fee structure based on liquidity of the stocks, calling it discriminatory against X, XT category of stocks and adding high cost of transactions for investors of such category of shares. BSE denied the allegations and said this practice is there since 2016, to discourage investors from investing in such low liquid stocks….Read More
Markets began the week on a positive note, gaining nearly half a percent, extending Friday’s rally. Following an initial gap-up start, the Nifty traded within a narrow range throughout the session and eventually settled at the 25,103.20 level. Most sectors moved in line with the benchmark and closed higher, with energy, IT, and financials among the top gainers. The broader indices continued to outperform, posting gains in the range of 1.1% to 1.5%.
The up move in the index was largely in line with expectations; however, mixed performance from heavyweights—particularly in the private banking space—limited the momentum.
We maintain our bullish outlook and recommend a focus on selective stock picking during any intermediate consolidation or dip. At the same time, participants should exercise caution, especially in the small- and mid-cap segments, which are currently buoyed by strong domestic flows and sentiment. Emphasis should remain on themes and stocks where the risk-to-reward ratio continues to be favorable.
The U.S. dollar was steady on Tuesday in tight trading as Washington and Beijing remained locked in trade talks that left investors on edge and hesitant in placing major bets while looking ahead to U.S. inflation report later in the week.
The U.S. dollar was little changed against the yen at 144.57 in early trading. The euro last fetched $1.1425 and sterling was 0.1% firmer at $1.3563.
The Australian dollar, often seen as a proxy for risk sentiment, was flat at $0.652, while the New Zealand dollar was a touch firmer at $0.6058, staying close to the seven-month peak it touched last week.
The dollar index, which measures the U.S. currency against six other units, was steady at 98.986, not far from the six-week low it touched last week.
The index is down 8.7% this year as investors flee U.S. assets worried about the impact of tariffs and trade tensions on its economy and growth.
South Asia Growth Fund II Holdings is likely to sell 2.5 crore equity shares (representing 5.5% of the paid-up equity) of the company via block deals, according to sources quoted by CNBC-TV18.
The floor price for the sale may be set at Rs 1,051.50 per share.
According to experts, the underlying trend remains positive. The Nifty 50 is expected to face immediate resistance at 25,200, followed by 25,300, which is the 78.6% Fibonacci retracement level of the 26,277–21,744 move, as long as it holds above the 25,000 support level….Read More
The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet, while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year.
Top officials from both countries have kicked off discussions, looking to get back on track with a preliminary trade agreement struck last month that had briefly cooled tensions between the world’s largest economies.
The S&P 500 climbed 0.09% to end the session at 6,005.88 points.
The Nasdaq gained 0.31% to 19,591.24 points, while the Dow Jones Industrial Average ended essentially unchanged at 42,761.76 points.
Asian shares edged up, buoyed by expectations about the US-China trade talks as officials struck a positive tone after the first day of negotiations.
The Foreign institutional investors (FIIs) continued their buying on second day as they purchased equities worth Rs 1,992 crore on June 9, while Domestic institutional investors (DIIs) also extended their buying on the 15th day as they bought equities of Rs 3,503 crore on the same day….Read More
Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 66 points or 0.26 percent. The Nifty futures were trading around 25,247.50 level.
The market rally continued for fourth consecutive session on June 9 with Nifty hitting eight-month high at 25,160 intraday, amid buying across the sectors, barring real estate stocks.
At close, the Sensex was up 256.22 points or 0.31 percent at 82,445.21, and the Nifty was up 100.15 points or 0.4 percent at 25,103.20. The broader indices outperformed, with Nifty Midcap index adding 1 percent and Smallcap index rising 1.2 percent.
The record run of Nifty Bank index continued, with index hitting 57,049.50, ending 0.5 percent higher, while other sectoral indices, barring realty, ended in the green with IT, oil & gas, power, PSU Bank up 1 percent each.
Bajaj Finance, Kotak Mahindra Bank, Axis Bank, Jio Financial, Trent were among major gainers on the Nifty, while losers were ICICI Bank, Titan Company, M&M, Adani Ports, Eternal.
It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.