Stock Market

Sensex Today | Stock Market LIVE Updates: Closing Bell: Sensex falls 203 pts, Nifty below 23,300; Infosys drops 2%, UltraTech jumps 3%

June 10, 2024

10 minutes read

03:41:35 PM IST, 10 June 2024

“The Indian market currently lacks fresh catalysts following the formation of the new government at the centre, suggesting that some consolidation may occur in the near term. Institutional flows indicate a mixed trend, with FIIs gradually covering their shorts and DIIs booking profits after the market reached historic highs. Meanwhile, optimism about a rate cut is waning as US economic data points remain healthy. The FED is expected to continue its current stance. However, any dial-back of the rate cut guided earlier could test market patience.”

– Vinod Nair, Head of Research, Geojit Financial Services

03:39:57 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Heatmap: Top Sensex gainers & losers

03:38:06 PM IST, 10 June 2024

Stock Market LIVE Updates | Closing Bell: Sensex falls 203 pts, Nifty below 23,300; Infosys drops 2%, UltraTech jumps 3%

03:10:19 PM IST, 10 June 2024

Stock Market LIVE Updates: Nifty erases early gains

03:06:11 PM IST, 10 June 2024

Stock Market LIVE Updates: Cement stocks up on GST rate cut hopes

03:02:24 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates: IT, metals under pressure. Top losers from the IT sector at this hour

02:52:03 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates: Sensex drops 533 points from the day’s high

02:46:01 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Coal India Intends to set up 1500 KTA Ethane Cracker Project in Madhya Pradesh

02:27:07 PM IST, 10 June 2024

Gross Inflows into active equity schemes was up 29% in May 2024 vs April 2024 (month on month) crossing Rs. 71000 crores. This increase can be attributed to the 119% growth in gross inflows into sectoral equity schemes (Rs. 25959 crs in May 24 vs Rs. 11840 crs in Apr 24) which can be attributed to NFOs. If we go further, the growth in flows is not as much as Multi cap, large cap and small cap saw single digit growth in gross inflows in May 24 vs April 24. Midcap bucked the trend by growing 16.5% in gross flows when compared to April, i.e., Rs. 6585 crs in May 24 vs Rs. 5651 crs in April 24. Overall, the gross equity flows were up 29% while net equity inflows were up 83% (May 24 vs April 24) which is because redemptions were slightly lesser in May. On the debt side, liquid and money market categories got net inflows showing preference for low duration scheme categories. In the hybrid space, arbitrage funds continue their good run and had gross inflows of Rs. 30795 crores in May and net inflows of Rs.12758 crores. This category AUM is now Rs. 1.8 lac crores vs Rs. 1.34 lac crores as of end Dec 2023, a growth of 34.5% in five months.

– Mayukh Dutta, Chief Business Officer, ITI Mutual Fund

02:23:48 PM IST, 10 June 2024

Stock Market LIVE Updates: Gold futures drop on weak demand

02:20:45 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Life insurance stocks at day’s high after May business data

02:10:22 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Strong Demand! Ixigo IPO fully subscribed within hours on robust retail bidding

Qualified Institutional Buyers: 0.11 times
Non Institutional Investors: 1.11 times
Retail Individual Investors: 3.86 times
Total: 1.07 times

02:12:41 PM IST, 10 June 2024

Stock Market LIVE Updates: United Breweries shares surge by as much as 3.5% to reach a new record high

01:46:12 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Nifty PSU Bank rises over 1%; check out the top winners

01:40:44 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Havells partners with Jumbo Group for kitchen appliances in UAE

01:13:38 PM IST, 10 June 2024

Stock Market LIVE Updates: Rallis India, Coforge among Top Gainers and Losers at this hour

01:01:14 PM IST, 10 June 2024

British stocks drop ahead of key data release

British equities experienced a decline ahead of a series of significant economic data releases. London stocks edged lower on Monday as investors awaited key domestic economic indicators scheduled for later in the week. Aviva, a life insurer, contributed to the market losses.

As of 7:07 GMT, the blue-chip FTSE 100 dropped by 0.6% to nearly a two-week low, while the mid-cap FTSE 250 fell by 0.4% to 20,467.8 points. Both indexes were on track for a second consecutive session of losses.

Investors are preparing for the release of various domestic economic data, including wage and GDP figures. Analysts anticipate that the Bank of England will make independent rate decisions compared to the Federal Reserve, closely monitoring incoming data.

12:56:58 PM IST, 10 June 2024

Stock Market LIVE Updates: Ahluwalia Contracts (India) gets orders worth over Rs 384 crore

12:57:10 PM IST, 10 June 2024

Stock Market LIVE Updates: REC plans to to issue 10-year bonds, raise Rs 4,000 crores

12:37:29 PM IST, 10 June 2024

Oil edges up boosted by higher summer fuel demand hopes

12:33:08 PM IST, 10 June 2024

Stock Market LIVE Updates: Godfrey Phillips India gets GST penalty order

12:31:13 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Kalpataru Projects International board okays to raise Rs 300 crore through NCDs

12:19:37 PM IST, 10 June 2024

Stock Market LIVE Updates | SIP inflows at record high

Monthly SIP inflows above Rs 20,000 cr for 2nd straight month

12:18:51 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates: Man Infraconstruction announces acquisition of prime redevelopment project in Mumbai’s Bandra Kurla Complex

12:06:39 PM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates: JSW Steel records consolidated crude steel production 20.98 lakh tonnes for May 2024

11:58:23 AM IST, 10 June 2024

Japan stocks close higher on weaker yen

Monday saw Tokyo stocks closing higher, buoyed by a weakening yen against the dollar, which bolstered market confidence. The Nikkei 225 index surged by 0.92 percent, gaining 354.23 points, to reach 39,038.16. Similarly, the broader Topix index also rose by 1 percent, climbing 27.46 points to settle at 2,782.49.

11:53:11 AM IST, 10 June 2024

Stock Market LIVE Updates | KEC International shares rises 8% on bagging order worth Rs 1,061 crore

11:50:12 AM IST, 10 June 2024

Stock Market LIVE Updates | AMFI MAY DATA

MF industry AUM at Rs 58.91 lk cr as of May 31
Overall Inflow at Rs 1.10 lk cr vs Rs 2.39 lk cr MoM
Equity inflow at Rs 34,697 cr vs Rs 18,917 cr MoM
Equity AUM at Rs 25.4 lk cr vs Rs 24.7 lk cr MoM
Total AUM at Rs 58.9 lk cr vs Rs 57.3 lk cr MoM
Total AUM at Rs 58.9 lk cr vs Rs 57.3k cr MoM

11:42:00 AM IST, 10 June 2024

Euro slumps to 1-month low as Macron calls for elections in France

The euro plunged on Monday to a one-month low following French President Emmanuel Macron’s snap legislative election announcement. Macron’s move, aimed at reaffirming his authority, triggered the euro to hit a one-month low of $1.07485 in Asian trading. Eurosceptic nationalists saw significant gains in the European Parliament elections, though centrist parties were projected to maintain a majority.

The euro was down 0.44% at $1.0753, marking a 2.5% decline against the dollar this year. Meanwhile, the dollar remained strong in anticipation of the upcoming Federal Reserve meeting.

11:31:11 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | AXISCADES begins delivery of advanced counter-drone systems under an order of Rs. 100 crores from the Indian Army

11:29:52 AM IST, 10 June 2024

N Chandrababu Naidu’s family’s wealth surges Rs 1,225 crore as Heritage Foods shares double in 12 days

N Chandrababu Naidu’s family has witnessed a substantial increase in wealth, attributed to the remarkable surge in the shares of Andhra Pradesh-based Heritage Foods. Over the past 12 trading sessions, these shares have surged by over 105%, resulting in a remarkable increase of Rs 1,225 crore in the family’s fortune.

11:10:19 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Nifty IT drops 2%; Persistent, Coforge among top laggards

11:06:12 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Castrol launches new ‘Edge’ range of products in India

10:38:31 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Knowledge Marine shares surge 6% on bagging order worth nearly Rs 6 crores

10:26:47 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Mphasis shares drop 4% on reports of Blackstone selling off a 15.6% stake in the IT firm.

10:18:19 AM IST, 10 June 2024

Stock Market LIVE Updates | New Issue Alert

10:16:32 AM IST, 10 June 2024

Stock Market LIVE Updates | Ixigo IPO opens for subscription. Should you bid?

The initial public offering (IPO) of Le Travenues Technology, the parent company of travel platform Ixigo, has commenced subscription today and will close on June 12.

Before the IPO launch, the company secured approximately Rs 333 crore from anchor investors. Notable participants in this fundraising round include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, Tata Investment Corp, and others.

10:03:31 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | IDBI Bank rises up to 6% following the announcement of an income tax order granting a refund of Rs 2,702 crore for the assessment year 2016-17.

09:52:48 AM IST, 10 June 2024

Stock Market LIVE Updates: MACQUARIE ON ZOMATO

Zomato is a Marquee Sell Idea
Cut FY25-26E earnings by 5-8% on lower Blinkit margin guidance
Blinkit’s order frequency was lower than QCom peers’
Stock pricing in 16-35% 10Y GOV CAGR in Food Delivery-QCom, or scaling to US$16-20bn, alongside fully optimised margins
Raise FY26-27E by 1-6% on higher Passumed Blinkit MTU
Lift our DCF-based PT by 4% to Rs 100.00

09:52:14 AM IST, 10 June 2024

Forex News | Rupee falls in early trade

Rupee falls 10 paise to 83.50 against US dollar

09:44:50 AM IST, 10 June 2024

After the roller coaster ride last week the market is likely to take a breather in the near-term. It is important to understand that the major driving force in this bull market is the Indian retail investors including HNIs. Big selling by FIIs is getting eclipsed by the aggressive buying of DIIs and retail investors. The fact that retail investors bought equity for Rs 21179 crores on June 4th, the day Nifty tanked 5.9%, indicates the buying power and optimism of the retail investors. This is a structural long-long term trend. FII selling on concerns of high valuations will be easily absorbed by DII plus retail buying. So, if FIIs swim against this trend, they will underperform in one of the best performing stock markets in the world. That said, retail investors should not chase highly valued mid and small caps. Safety is in largecaps.

– V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

09:23:04 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | BEL, NHPC among top movers in morning trade

09:22:33 AM IST, 10 June 2024

Stock Market LIVE Updates | Sensex scales Mt 77,000 for the first time

Sensex heatmap: Check out the top gainers

09:21:07 AM IST, 10 June 2024

Stock Market LIVE Updates | Opening Bell

D-St at record high! Sensex tops Mt 77K; Nifty above 23,400 for the first time

09:07:43 AM IST, 10 June 2024

Stock Market LIVE Updates | BROKERAGE RADAR: NOMURA STRATEGY

• Current government appears stable
• Expect more of policy continuity and less of disruptions
• 60%+ of the ministers are in the current cabinet and thus provide a sense of continuity
• Year-end Nifty target of 24,860
• No change in portfolio: Remain constructive
• Constructive on domestic sectors
• Prefer manufacturing/investment themes over consumption
• Within defensives, we prefer IT Services, Healthcare over Consumption
• Overweight on Financials, Infrastructure, Oil and Gas, Telecom and Power
• Also positive on Capital Goods/Defense but will watch out for some risk on government spending on defense

08:37:04 AM IST, 10 June 2024

Stock Market LIVE Updates | Positive Breakout: Infy, HCL Tech among 5 stocks crossed above their 200 DMA

In the Nifty50 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 7, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

08:17:32 AM IST, 10 June 2024

India bond yields seen rising tracking US peers

Indian government bond yields are forecasted to increase during early trading at the beginning of the week, mirroring a surge in U.S. Treasury yields. This uptick follows robust economic data that dampened expectations of interest rate cuts in the world’s largest economy.

According to a trader from a state-run bank, India’s benchmark 10-year yield is anticipated to fluctuate within a range of 7.01% to 7.06% on Monday, following its previous close of 7.0168%. Last week, the yield experienced a weekly ascent after six consecutive weeks of decline.

08:14:49 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | GIFT Nifty signals a muted start

Domestic equities ended the past week near all time highs despite the big directional moves either side due to election-related volatility.

Gift Nifty (Earlier SGX Nifty) signals a negative start.

Nifty futures on the Gift Nifty traded 62 pts lower at 23,267.

07:41:11 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Euro slips to one-month low as Macron calls French election

On Monday, the euro experienced a decline after French President Emmanuel Macron announced a surprise election following a significant defeat in the European Union vote against the far-right. Meanwhile, the dollar remained stable in anticipation of the Federal Reserve meeting scheduled later in the week.

During early trading in Asia, the euro dropped to $1.0764, its lowest level since May 9. It subsequently decreased by 0.24% to $1.0776 as investors assessed the impact of renewed political uncertainty in the euro zone’s second-largest economy ahead of a crucial election.

07:40:27 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Asia shares tumble

On Monday, Asian stocks experienced a decline as traders scaled back their expectations for Federal Reserve rate cuts this year due to a resilient U.S. labor market. Additionally, concerns over broader political issues were triggered by a snap election announcement in France, which put pressure on the euro.

Trading activity was subdued in Asia due to public holidays observed in Australia, China, Hong Kong, and Taiwan. Nevertheless, MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.46% slump.

07:39:11 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Wall Street Week Ahead

Investors will be closely monitoring next week’s inflation figures and the Federal Reserve meeting to assess whether the optimism for a smooth economic transition, which propelled stocks to unprecedented levels, remains valid.

The S&P 500 has surged over 12% year-to-date, driven by the belief that the Fed can rein in inflation without adversely affecting growth. However, recent economic indicators have presented mixed signals: while Friday’s U.S. employment data exceeded expectations, earlier reports indicated a slowdown in manufacturing activity and a downward revision of first-quarter growth rates.

07:37:15 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | Oil slips on dollar’s strength from US jobs data

For a second consecutive session on Monday, oil prices edged downwards, influenced by a stronger dollar, as the anticipation of interest rate reductions was postponed following robust U.S. employment figures released on Friday. Brent crude futures and U.S. West Texas Intermediate crude futures both declined by 4 cents, reaching $79.58 and $75.49 per barrel, respectively, as of 0036 GMT.

07:36:38 AM IST, 10 June 2024

Sensex Today | Stock Market LIVE Updates | D-Street Recap

On Friday, the Nifty50 and Sensex, leading equity indices, achieved historic highs, rebounding from losses incurred on election day. This surge was fueled by expectations of political stability and an outlook for accelerated economic expansion.

The Nifty50 closed 2.05% higher at 23,290 points, while the S&P BSE Sensex concluded with a 2.16% gain at 76,693. Throughout the week, the Nifty surged by 3.4%, and the Sensex by 3.7%,

Source link