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JUST IN: S&P Global India May Services OMI at 58.9, highest since April 2011
RIL market cap crosses Rs 19 lakh crore mark
A portion of Deepak Nitrite’s chemical manufacturing facility in Vadodara’s Nandesari industrial area was gutted in a major fire on Thursday evening. Seven workers have been hospitalised after inhaling smoke, while some 700 people living in the vicinity of the factory have been shifted to safer places, officials said.
Price as on 03 Jun, 2022 10:07 AM, Click on company names for their live prices.
Market LIVE Updates: Aether Industries shares locked in upper circuit mins after listing at 10% premium
Is the ongoing pull back in markets, globally, a bear market rally or the beginning of another bull phase? We will know the answer to this question only later. Meanwhile investors can look at stocks leading the rally now and try to anticipate segments that will join the rally if this uptrend sustains. The sharp upmove in Nasdaq is likely to have a rub on effect on Indian IT stocks too. This beaten down segment, depressed by shorts and sustained FPI selling, is staging a comeback supported by strong fundamentals. Export segments like textiles are staging a comeback. Financials have strong fundamentals and, therefore, can be expected to join the rally soon.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
LISTING ALERT: Aether pre-open indicative price
- BSE: 706.15 (10% up)
- NSE: 704. (10% up
Market LIVE Updates: BSE Smallcap index rises 0.75% but lags benchmark Sensex
Vodafone Idea, YES Bank, Adani Power among most active stocks on NSE
Price as on 03 Jun, 2022 09:20 AM, Click on company names for their live prices.
Sea of green… all indices trade on a firm note
Sensex Heatmap: 25 of 30 stocks trade in the green
OPENING BELL: Sensex climbs 500 points, Nifty tops 16,750; HCL Tech, Infosys rise 2% each
Pre-open session: Sensex gains 300 points, Nifty tops 16,700
Oil steady on doubts OPEC+ can make up Russian deficit
Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session on doubts that producers belonging to OPEC+ can hike their crude output enough to make up for lost supply from Russia. US West Texas Intermediate (WTI) crude futures were up 1 cent at $116.88 a barrel at 0112 GMT, while Brent crude futures were up 7 cents at $117.68 a barrel.
SGX Nifty signals a gap-up start
Nifty futures on the Singapore Exchange traded 204 points, or 1.23 per cent, higher at 16,814, signaling that Dalal Street was headed for a gap-up start on Friday.
Tech View: Nifty50 sets eyes on 16,750 level
Nifty50 on Thursday closed above the 16,600 level, forming a bullish candle on the daily chart. Analysts said it may face some resistance around its 200-day EMA, which is placed near the 16,750 zone while they continue to see the 16,400 level to act as an immediate support zone.
Japan stocks open higher tracking US gains
Tokyo stocks opened higher on Friday, extending rallies on Wall Street ahead of US jobs data due later in the day. The benchmark Nikkei 225 index was up 0.92 percent, or 251.42 points, at 27,665.30 in early trade, while the broader Topix index advanced 0.60 percent, or 11.52 points, to 1,937.91.
Hong Kong, China market closed for public holiday
Financial markets in China, Hong Kong, Taiwan and Thailand are closed on Friday for public holidays.
US stocks settle higher
Stocks on Wall Street overcame a shaky start to close broadly higher Thursday, as the major indexes more than made up for their losses earlier in the holiday-shortened week. The S&P 500 rose 1.8%, with more than 85% of the stocks in the benchmark index notching gains. The Dow Jones Industrial Average rose 1.3%, while the Nasdaq climbed 2.7%.
Rupee slips 10 paise to 77.60 against dollar
The rupee depreciated by 10 paise to close at 77.60 against the US dollar on Thursday, even as oil prices eased and domestic equities settled on a positive note. At the interbank foreign exchange market, the rupee consolidated in a narrow range. It opened lower at 77.61 against the greenback and shuttled between 77.63 and 77.54 It finally finished at 77.60, down 10 paise over its previous close of 77.50.
Sensex, Nifty on Thursday
The Indian stock markets’ benchmark Sensex surged by 437 points on Thursday led by strong buying support in the heavyweights Reliance Industries Limited and Tata Consultancy Services. The 30 stock S&P BSE Sensex surged 436.94 points or 0.79 per cent to 55,818.11 points against its previous day’s close at 55,381.17 points. The broader Nifty 50 of the National Stock Exchange jumped 105.25 points or 0.64 per cent to 16,628 points against its previous day’s close at 16,522.75 points.
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