← Go back Jul 07, 2023
BSE Jumps Over 7%, Most In Nine Months As Board To Consider Buyback Proposal On July 6Shares of BSE Ltd. jumped the most in over nine months after it informed the exchanges about the board meeting to be held on July 6, 2023 to consider a share buyback proposal.The scrip rose 5.47% to Rs 641.85 apiece as of 11:56 a.m., compared to a 0.54% advance in the NSE Nifty 50. The stock gained as much as 7.08% intraday to Rs 651.65 apiece, the most in over nine months since Sept. 21, 2022.Total traded volume stood at 5.5 times its 30-day average. The relative strength index was at 77, implying that the stock maybe overbought. Out of the six analysts tracking the company, two maintain a 'buy' rating and four recommend a 'hold,' as per the Bloomberg data. The average calculated from the 12-month price target given by analysts implies a potential upside of 2.7%.Source: Bloomberg, Exchange filing!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rHPCL Shares Jump Over 6% Shares of HPCL Ltd. rose 6.85% to Rs 292.6 apiece as of 11:34 a.m., compared to a 0.45% advance in the NSE Nifty 50. The stock gained as much as 7.16% intraday, the most in over 15 weeks since March 16, 2023.Total traded volume stood at 6.6 times its 30-day average. The relative strength index was at 71, implying that the stock maybe overbought. Out of the 34 analysts tracking the company, 23 maintain a 'buy' rating, five recommend a 'hold' and six suggest to 'sell' the stock, as per the Bloomberg data. The average calculated from the 12-month price target given by analysts implies a potential downside of 0.1%Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rAdani Ports Records 11.5% YoY Cargo Volume Growth In June 2023 Adani Ports & SEZ handled over 101 MMT cargo at its ports from April to June, recording lifetime high quarterly cargo volumes.Container cargo volumes rose 19%, liquids and gas rose 8%, dry bulk volumes gained 7% on year-on-year basis.On year-to-date basis, it clocked about 1.31 lakh TEU of rail volumes, a growth of 18% year-on-year.Company handled almost 32.8 MMT of cargo in June 2023, including almost 1 MMT at its Haifa Port.Source: Exchange filingSensex, Nifty, Nifty Bank At New Record HighsAs of 11:11 a.m., Sensex jumped 0.81% to a record high of 65,240.57 points. Nifty 50, on the other hand, rose 0.77% to 19,336.10 points.Nifty Bank breached 45,000-mark to hit an intraday high of 45,353.20 points.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rKansai Nerolac Paints Shares Gain After Board Approves Sale Of Land ParcelShares of Kansai Nerolac Paints Ltd. rose after its board approved the proposal for the sale of its land at Kavesar, Thane to Shoden Developers, a group company of Hiranandani.The land parcel measures 96,180 square meters, with an additional area of 910 square meters, aggregating to a total of 97,090 square meters. The company has raised Rs 671 crore through the sale of the said land. Shares of Kansai Nerolac Paints rose 4.22% intraday before paring gains to trade 3.76% higher as of 10.32 p.m. This compares to a 0.64% advance in the NSE Nifty 50.Total traded volume so far in the day stood at 3.96 times its 30-day average. The relative strength index was at 65.93.Of the 20 analysts tracking the company, 10 maintain a 'buy' rating, 3 recommend a ‘hold’, and 4 indicate a ‘sell', according to Bloomberg data. However, the average 12-month consensus price target implies an downside of 0.8%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rM&M June Wholesale Sales (YoY): Passenger vehicle sales rise 21% to 32,588 units. Tractor sales grow 6% to 44,478 units. Three-wheeler sales rise 59% to 6,377 units. Sales of medium duty light commercial vehicles rise 2% to 16,735 units.Source: Exchange filingSterlite Technologies Shares Rise Most In Over 6 Weeks After Ind-Ra UpgradeShares of Sterlite Technologies Limited rose most in a day in over 6 weeks after India Ratings and Research upgraded its ratings for a subsidiary, Sterlite Tech Cables Solutions LimitedIts long term issuer rating upgraded to AA- from an earlier A for its, and A1+ from an earlier A1 for the short term.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rShares of Sterlite Technologies rose 4.1% to Rs 152.2 apiece, compared to a 0.73% gain in the NSE Nifty 50 as of 10:29 a.m. The stock rose 5.81% intraday, the most in over six weeks since May 17.The average traded volume so far in the day stood at 11.4 times its monthly average, while the relative strength index was at 51.6.Of the four analysts tracking the company, all four maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a potential upside of 32.8%.Lloyds Metals And Energy Q1 Update Lloyds Metals and Energy reported best-ever operating performance. DRI production grew 45% to 66,273 tonnes.Iron ore production grew 400% to 3.8 million tonnes.Source: Exchange filingManufacturing PMI Shows Continuing Strength Despite Modest Downtick Manufacturing PMI sees marginal easing to 57.8 in June from 58.7 in May. Source: S&P GlobalAPL Apollo Tubes Shares Jump 4% After Recording Highest-Ever Quarterly Sales Volume In Q1FY24Shares of APL Apollo Tubes Ltd. rose the most in over a week after it reported highest-ever quarterly sales volume of 6.62 lakh ton in the April to June quarter of FY24.It was higher as compared to 4.23 lakh ton in the same quarter of the last fiscal and 6.50 lakh ton in quarter ended March 2023. The sales volume were supported by higher proportion from value added products, as per the exchange filing. APL Apollo’s strategy of de-commoditization is intact. The sales mix will improve further in coming quarters with rising contribution of innovative products, said the company in a statement. The scrip rose 1.60% to Rs 1,326.25 apiece as of 10:17 a.m., compared to a 0.72% advance in the NSE Nifty 50. The stock gained as much as 4.57% intraday, most since June 22, 2023.Total traded volume stood at 1.7 times its 30-day average. The relative strength index was at 58.2. Out of the 20 analysts tracking the company, 16 maintain a 'buy' rating, three recommend a 'hold' and one suggests to 'sell' the stock, as per the Bloomberg data. The average calculated from the 12-month price target given by analysts implies a potential upside of 2.9%Source: Bloomberg, Exchange filing!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMazagon Shares Rise Over 7% After Signing Rs 2,724.63 Crore ContractShares of Mazagon Dock Shipbuilders Ltd. rose on Monday after the company signed a contract with the Indian Navy.On Friday, the shipyard signed a contract worth Rs 2,724.6 crore for the medium re-fit cum life certification of the second Shishumar class submarine, INS Shankush, which will extend the vessel's life.Shares of the company rose as much as 7.67% intraday, before paring gains to trade at 5.83% high as of 9:54 a.m. This compares to a 0.70% rise in the NSE Nifty 50.The total traded volume so far in the day stood at 2.1 times its 30-day average. The relative strength index was at 74.22, implying that the stock is overbought.Of the four analysts tracking the company, two maintain a 'buy' rating, one recommends a 'hold', and one suggests a 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 18.3%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTVS Motor June Wholesale Sales (YoY): Total sales rise 3% to 3.16 lakh units. Domestic two-wheeler sales rise 22% to 2.36 lakh units. Two-wheeler exports fall 31% to 79,144 units. Source: Exchange filingNMDC June And Q1 Update Recorded highest-ever June and Q1 production and sales in company history. June: Production grew 35.4% YoY to 3.48 million tons and sales rose 115% YoY to 4.1 million tons.Quarter: Production rose 20% YoY to 10.7 million tons and offtake grew 45.5% YoY to 11.15 million tons.Source: Exchange filingCoal India June And Q1 Update June: Production grew 12.4% YoY to 58 million tons and offtake rose 3.6% YoY to 61 million tons.Quarter: Production rose 9.8% YoY to 175.5 million tons and offtake grew 5.3% YoY to 187 million tons.Plans to achieve 780 MT of output in FY24.Source: Exchange filing Apollo Tyres Shares Decline After Morgan Stanley Downgrades Rating To 'Equal Weight'Shares of Apollo Tyres declines 1.50 % to Rs 400.60 apiece, compared to a 0.61% rise in benchmark Nifty 50 as of 9:44 a.m. Total traded volume stood at 2.4 times its 30-day average.Of the 30 analysts tracking the stock, 17 maintained 'buy', eight recommends 'hold', while five suggest 'sell', according to Bloomberg data. The consensus price target implies a potential upside of 4.1% in the next 12 months.Morgan Stanley downgraded Apollo Tyres Ltd. citing that all the positives for the stock are already priced in.The research firm lowered Apollo Tyres Ltd. rating to 'equal weight' from 'overweight', according to a July 2 note. It increased the 12-month target price from Rs 400 to Rs 425, implying an upside potential of 4%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rHDFC Twins At Fresh HighsHDFC hits a 14-month high at Rs 2,910.95 apiece, since April 29, 2022.HDFC Bank hits a record high at Rs 1,747.7 per share.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rJSW Steel Hits All-Time High At Rs 808.3 ApieceJSW Steel rose 3% intraday to hit a historical high of Rs 808.3 per share.Last week, JSW Vallabh Tinplate & Vardhman Industries merged into JSW Steel Coated.Gains over 7% in one week.Source: BloombergParas Defence And Space Technologies Wins Rs 42.4 Crore Drone Order Paras Aerospace, a subsidiary of Paras Defence and Space Technologies, has won a Rs 42.4 crore contract from the Indian Farmer Fertiliser Cooperative.Company will supply 400 agri-drones, including accessories, spares and training for drone pilots.Source: Exchange filingSensex, Nifty, Nifty Bank At New Record HighsAs of 9:33 a.m., Sensex jumped 0.57% to a record high of 65,085.46 points. Nifty 50, on the other hand, rose 0.54% to 19.292.65 points.Nifty Bank breached 45,000-mark to hit an intraday high of 45,083.85 points.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets Open HigherThe broader market indices opened higher; the S&P BSE MidCap Index was up 0.41%, whereas S&P BSE SmallCap Index was 0.80% higher. Nineteen out of the 20 sectors compiled by BSE advanced with S&P BSE Metal gaining the most. Only S&P BSE Realty declined. The market breadth was skewed in the favour of the buyers. About 2,066 stocks rose, 651 declined, while 159 remained unchanged on the BSE.Source: BSETop Movers On The Nifty 50 IndexHDFC Bank Ltd., HDFC Ltd., Mahindra and Mahindra Ltd., UltraTech Cement Ltd., and Infosys Ltd. were the positively adding to the change in the Nifty 50 Index. Whereas, Axis Bank Ltd., Bharti Airtel Ltd., Asian Paints Ltd., TCS Ltd., and Sun Pharmaceutical Industries Ltd., and were negatively adding to the change. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open At Fresh Life-Time Highs: Opening BellIndia's benchmark stock indices scaled record highs in pre-market trades on Monday after scaling fresh highs in the previous week. Asian markets rose on Monday as positive momentum from gains on Wall Street and signs of moderating U.S. inflation extended this year’s rally in global stocks. Japan’s Topix index was on course for another gain that has the index repeatedly setting fresh highs back as far as mid 1990. Equities were also higher in South Korea, Australia and China, with notable strength in Hong Kong-listed technology shares. Shares of Asian electric-vehicle makers and related suppliers climbed after Tesla Inc. delivering a record number of cars worldwide in the second quarter.U.S. equity futures were flat in Asia’s early hours Monday. The Nasdaq 100 rose almost 2% last week and notched its best ever first-half of a year, with Apple Inc. hitting the $3 trillion milestone along the way. The S&P 500 reached the highest since April 2022 and posted its best first half since 2019.At pre-open, the S&P BSE Sensex Index was up 113.32 points or 0.18% at 64,831.88 while the NSE Nifty 50 Index was 58 points or 0.30% higher at 19,246.50.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTL: Sensex, Nifty At Record Highs In Pre-Market TradesAt pre-open, the S&P BSE Sensex Index was up 113.32 points or 0.18% at 64,831.88 while the NSE Nifty 50 Index was 58 points or 0.30% higher at 19,246.50.Source: BloombergYield On The 10-Year Bond Opens FlatThe yield on the 10-year opened flat at 7.11% on Monday. Source: BloombergRupee Strengthens Against The U.S. Dollar The local currency strengthened 3 paise to open at 82.01 against the U.S dollar on Monday.The local currency closed at 82.04 on Friday. Source: BloombergFederal Bank's Total Deposits Rise 21% YoY In Provisional Terms As On June 30 Federal Bank's total deposits increased 21% YoY to Rs 2.23 lakh crore.CASA increased 5% YoY to Rs 70,872 crore in provisional terms, while CASA ratio dipped to 31.85%.Gross advances increased 20.9% YoY to Rs 1,86,593 crore in provisional terms.Source: Exchange filingTrade Setup: After Its Best Single-Day Gain In 2 Months, Nifty Sets Its Sights On 19,500 levels Global CuesU.S. Dollar Index at 103U.S. 10-year bond yield at 3.83%Brent crude up 0.07% at $75.46 per barrel Nymex crude down 0.01% at $70.63 per barrel GIFT Nifty up 0.14% or 28 points at 19,373 as of 8:15 a.m. Bitcoin down 0.01% at $30,589.43Asian Shares Extend Global Rally; Yen Edges Lower: Markets WrapInsider TradesEasy Trip Planners: Promoter Rikant Pittie sold 20 crore shares on June 30.HDFC Life Insurance Company: Promoter HDFC bought 13.6 lakh shares on June 30.Cosmo First: Promoter Gayatri & Annapurna, through its partner Ashok Jaipuria, bought 20,800 shares on June 30.SOM Distilleries and Breweries: Promoter Jagdish Kumar Arora bought 20,000 shares on June 30.FPIs Investment Hits 10-Month High Of Rs 47,148 Crore In JuneTrading TweaksPrice Band Revised From 10% To 5%: Zodiac EnergyPrice Band Revised From 20% To 10%: 63 Moons TechnologiesEx-Date Dividend: Balaji Amines, Geojit Financial Services, Jyothi Labs,Ex-Date Annual General Meeting: Sanginita Chemicals, Welspun Enterprises, Vaibhav Global, Bank of Baroda, Indian Overseas Bank, NilkamalRecord-Date Dividend: Geojit Financial ServicesMove Into Short-Term ASM Framework: 63 Moons TechnologiesMove Out Of Short-Term ASM Framework: Suzlon EnergySharad Pawar Undeterred, Claims Shiv Sena's Raut; Says 'Circus' Won't Last LongPledge Share DetailsAjanta Pharma: Promoter Aayush M. Agrawal created a pledge of 16.7 lakh shares on June 27, and promoter Ravi Agrawal revoked a pledge of 1.17 lakh shares on June 29.Jindal Steel and Power: Promoter Siddeshwari Tradex revoked a pledge of 39 lakh shares between June 23 and 26.Twitter Limits Number of Tweets Users Can See Each DayBlock Deals Eris Lifesciences: Shah Rakesh sold 28 lakh shares (2.06%), while Bakshi Amit Indubhushan bought 28 lakh shares (2.06%) at Rs 680 apiece.Syrma SGS Technology: South Asia Growth Fund II Holdings sold 29 lakh shares (1.6%) while Nomura Funds Ireland-IIndia Equity bought 11 lakh shares (0.6%), BNP Paribas Arbitrage bought 9.5 lakh shares (0.5%), Employees Provident Fund bought four lakh shares (0.2%), and Geeta Chetan Shah bought 2.32 lakh shares (0.1%) at Rs 439 apiece.TD Power Systems: Mohib Nomanbhai Khericha sold 1.9 crore shares (12.27%), Hitoshi Matsuo sold 60 lakh shares (3.9%), Chartered Capital and Investment sold 56 lakh shares (3.63%), Nikhil Kumar sold 40 lakh shares (2.56%), Saphire Finman Services sold 11 lakh shares (0.7%), Sofia Mohib Khericha sold 10 lakh shares (0.6%), while Aditya Birla Sun Life Mutual Fund bought 63 lakh shares (4%), HDFC Mutual Fund bought 56 lakh shares (3.6%), BNP Paribas Arbitrage bought 46 lakh shares (2.9%), and ICICI Prudential Mutual Fund bought 31 lakh shares (2%), among others, at Rs 221 apiece.Aditya Vision: Sunita Sinha sold one lakh shares (0.8%) and Est Lane Capital bought one lakh shares (0.8%) at Rs 1,655 apiece.Bharti Airtel: Lion Meadow Investment sold 1.9 crore shares (0.3%) while Capital Group bought 1.9 crore (0.3%) at Rs 868 apiece.GHCL Shareholders Reject Resolution To Reappoint Sanjay Dalmia As DirectorBulk DealsGodawari Power and Ispat: Param Capital bought 10 lakh shares at Rs 520 apiece, while Kumar Agrawal sold 18 lakh shares (1.3%) at Rs 522.04 apiece, and Bajrang Lal Agrawal sold 2.85 lakh shares (2%) at Rs 523.52 apiece.Karnataka Bank: Quant Mutual Fund bought 38 lakh shares (1.2%) at Rs 184.07 apiece.Adani Transmission: Fortitude Trade and Investment sold 3.4 crore shares (3%) at Rs 786.17 apiece, while both Goldman Sachs GQG Partners International Opportunities Fund bought 1.40 crore shares (1.2%) and GQG Partners Emerging Markets Equity Fund bought 72.59 lakh shares (0.6%) at Rs 786.19 apiece.Marathon Nxtgen Realty: Prarthana Enterprises sold 3.6 lakh shares (0.8%) at Rs 312.12 apiece, and Societe Generale bought 10 lakh shares at Rs 312.05 apiece.CreditAccess Grameen: Creditaccess India BV sold 90 lakh shares (5.66%) at Rs 1245.88 apiece; BNP Paribas Arbitrage bought 12 lakh shares (0.7%) at Rs 1245.76 apiece; Canara Robeco Mutual Fund Emerging Equity bought 11.8 lakh shares (0.7%) at Rs 1245.01 apiece; and Plutus Wealth Management bought 10 lakh shares (0.6%) at Rs 1245 apiece.Joined Shinde Govt For Country's Development; Will Fight Future Polls On NCP Symbol: Deputy CM Ajit PawarStocks To Watch: Adani Transmission, Vedanta, SBI, Aditya Birla Capital, RIL, Hero MotoCorp In FocusAdani Transmission: GQG Partners bought 2.13 crore shares in Adani Transmission in two bulk deals. GQG Partners Emerging Markets Equity Fund bought 72.59 lakh shares at Rs 786.19 per share in a bulk deal. Goldman Sachs GQG Partners International Opportunities Fund has purchased 1.40 crore shares in Adani Transmission at Rs 786.19 apiece in a bulk deal. Fortitude Trade and Investment has sold 3.39 crore shares in Adani Transmission at Rs 786.17 per share.Vedanta: SEBI has imposed a penalty of Rs 30 lakh on the company for violating disclosure norms. Vedanta made incorrect disclosures about its plan to enter the semiconductor business. Separately, the company said in an exchange filing that it will consider a potential strategic sale of its steel businesses to maximise stakeholder value. The company has engaged advisors to assist in this review.State Bank of India: The bank’s Chief Financial Officer, Charanjit Surinder Singh Attra, has resigned from the position. The resignation has been accepted and comes into effect after business hours on June 30.Hero MotoCorp: The automaker raised the prices of its motorcycles and scooters by around 1.5% with effect from July 3, 2023. The price revision is part of a price review that the company undertakes from time to time.Reliance Industries: RIL and BP have started gas and condensate production from the third deepwater field in India's KG D6 Block, the MJ Field. The output from the block at peak will account for one-third of India's domestic gas production. MJ Field, R-Cluster Field, and Satellite Cluster are the three deepwater fields of Block KG D6 off the east coast of India.Separately, RIL also sold 1.23 crore compulsory convertible preference shares, or 2.89% of the fully diluted share capital, of Viacom 18 to Bodhi Tree Systems.Mazagon Dock Shipbuilders: The company has signed a contract worth Rs 2,724.63 crore with the Indian Navy for medium-refit cum Life Certification of the second Shishumar class submarine INS Shankush.Kansai Nerolac Paints: The board of the company approved the sale of its land in Thane and an additional area measuring 97,090 square metres for a total consideration of Rs 671 crore to Shoden Developers. Shoden Developers is a group company of the House of Hiranandani.Aditya Birla Capital: The company completed a Rs 3,000 crore fundraise. BlackRock, Abu Dhabi Investment Authority, and the Massachusetts Institute of Technology were among the key investors in the fundraise. The funds were raised via a Rs 1,750 crore QIP and a Rs 1,250 crore preferential issuance of equity shares. The preferential equity shares were issued to Aditya Birla Capital's promoter and promoter group entities, Grasim Industries Limited and Surya Kiran Investments Ltd., respectively.PVR Inox: The company opened a 10-screen multiplex in Delhi and a 5-screen multiplex in Ahmedabad. With this launch, the company now operates the largest multiplex network with 1697 screens at 360 properties in 114 cities, including India and Sri Lanka.Corporate Misgovernance In Indian Startups: Who's To Blame?Offerings: PKH Ventures IPO Day 2PKH Ventures: The company launched its Rs 379.4-crore initial public offering on June 30. The IPO was subscribed 0.06 times, or 6%, as of 5 p.m. on day 1. The portion of retail investors was subscribed 0.13 times, or 13%, while non-institutional investors lapped 10%, or subscribed 0.10 times. There were no bids for institutional investors on day 1. The issue will close for subscription on July 4.Ajit Pawar New Maharashtra Deputy Chief Minister, 8 Other NCP MLAs DefectGIFT Nifty Signals Higher Open For Benchmark Asian markets rose on Monday as positive momentum from gains on Wall Street and signs of moderating U.S. inflation extended this year’s rally in global stocks.Japan’s Topix index was on course for another gain that has the index repeatedly setting fresh highs back as far as mid-1990. Equities were also higher in South Korea, Australia, and China, with notable strength in Hong Kong-listed technology shares.U.S. equity futures were flat in Asia’s early hours Monday. The Nasdaq 100 rose almost 2% last week and notched its best ever first half of a year, with Apple Inc. hitting the $3 trillion milestone along the way. The S&P 500 reached its highest since April 2022 and posted its best first half since 2019.Brent crude was trading around $75 a barrel, and West Texas Intermediate was below the $71 mark. The yield on the 10-year U.S. bond was trading at 3.83%, whereas Bitcoin was above the $30,000 level.At 8:15 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 0.14%, or 28 points, at 19,373.India's benchmark stock indices ended at a record high on Friday, led by gains in IT, PSU bank, and auto stocks. The Sensex surged 1.33% to hit a record high of 64,768.58, while the Nifty 50 rose 1.21% to hit a record high of 19,201.70. Later, the S&P BSE Sensex closed 803.14 points, or 1.26%, higher at 64,718.56, while the NSE Nifty 50 gained 217 points, or 1.14%, to end at 19,189.05. The Indian rupee appreciated by 2 paise to close at 82.04 against the U.S. dollar on Friday.Overseas investors maintained their appetite for Indian equities for the third straight day. Foreign portfolio investors mopped up stocks worth Rs 6397.13 crore on Friday, according to data from the National Stock Exchange. This follows Wednesday's net buying record of Rs 12,350 crore, the highest value since March 2. Domestic institutional investors snapped a two-day selling streak to become net buyers of equities worth Rs 1,197.64 crore, the NSE data showed.Nifty In Technical Charts: Not A Time For Adventure Stock Market Today: All You Need To Know Going Into Trade On July 3 . Read more on Markets by BloombergQuint.
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