Asian stocks were a mixed bag on Monday, with Japanese markets rising on a slightly positive revision in gross domestic product data, while other Asian markets sank on resurgent concerns over US interest rates.
Holidays in China, Hong Kong and Australia also kept trading volumes languid.
US stock futures were little changed Sunday night after a winning week, as traders looked ahead to the Federal Reserve's interest rate decision and May inflation data.
Here's a table showing how US stocks performed on Friday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
---|---|---|---|---|---|---|---|
Alphabet | 175.95 | -2.4 | -1.35% | 179.42 | 175.79 | 179.95 | 115.83 |
Apple | 196.89 | 2.41 | 1.24% | 196.94 | 194.14 | 199.62 | 164.08 |
Meta | 492.96 | -0.8 | -0.16% | 498.91 | 490.17 | 531.49 | 258.88 |
Tesla | 177.48 | -0.46 | -0.26% | 179.35 | 175.58 | 299.29 | 138.8 |
Netflix | 641.47 | -7.05 | -1.09% | 650.4 | 640.24 | 664.25 | 344.73 |
Amazon | 184.3 | -0.7 | -0.38% | 186.29 | 183.36 | 191.7 | 118.35 |
Microsoft | 423.85 | -0.67 | -0.16% | 426.28 | 423 | 433.6 | 309.45 |
Dow Jones | 38798.99 | -87.18 | -0.22% | 39105.23 | 38751.85 | 40077.4 | 32327.2 |
Nasdaq | 19000.95 | -20.24 | -0.11% | 19113.88 | 18958.68 | 19113.88 | 14058.33 |
At present, the BSE Sensex is trading 130 points higher and NSE Nifty is trading 56 points higher.
Cipla, Axis Bank and Adani Ports among the top gainers today.
Wipro, Infosys and Tech Mahindra the other hand are among the top losers today.
For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
Broader markets are trading on positive note. The BSE Midcap index is trading 0.6% higher and the BSE Smallcap index is trading 0.7% higher.
Sectoral indices are trading mixed, with socks in realty sector, power sector and energy sector witnessing buying. Meanwhile stocks in metal sector and IT stocks witnessed selling pressure.
The rupee is trading at Rs 83.5 against the US dollar.
In commodity markets, gold prices are trading 0.5% lower at Rs 70,974 per 10 grams today.
Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...
Speaking of stock market, A PSU Miniratna incorporated in 2000 as the Signalling and Telecom arm of Indian Railways caught my attention.
Over the past two decades, RailTel has evolved into a prominent internet and telecom solutions and services provider for Indian Railways.
Wonder why these matter beyond the core business of the company?
Tanushree Banerjee research analyst at Equitymaster, talks about in below video.
Tune in for more.
Tata Motors, India's leading automotive manufacturer, on 7 June, announced the launch of the Altroz Racer - the sporty avatar of the company's premium hatchback. The performance aspect in the Altroz goes several notches higher with the introduction of the 1.2 L Turbo petrol engine.
This sporty evolution of the Altroz comes with a race car-inspired exterior and interior look, coupled with a power of 120 Ps at 5500 rpm and torque of 170 Nm at 1750 to 4000 rpm.
Replete with features, the Racer will be the top-of-the-line version of the Altroz with a 360-degree camera, 26.03 cm infotainment touchscreen, ventilated seats and 6 airbags (standard in Racer). It is the only hatchback to offer a six-speed manual gearbox that ensures peppy drivability in city traffic and on highways.
With improved technology, features, and class-leading safety in a hatchback, the Altroz Racer will be available in three variants -- R1, R2, and R3 -- with a choice of three colours -- Pure Grey, Atomic Orange, and Avenue White. Furthermore, beefing up the Altlineupe, Tata Motors has also introduced two new variants -- XZ LUX and XZ+S LUX -- and upgraded one variant, the XZ+OS, in its Altroz range.
Altroz has set the benchmark for premium hatchbacks in India through its trailblazing design, intuitive features, exhilarating performance and confidence-inspiring safety.
For more, check out the 5 Most Undervalued Bluechip Stocks to Watch Out for After the Elections.
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka to generate electricity from wind in what would be the island nation's single largest foreign direct investment and the biggest ever power project, sources said. Group firm Adani Green Energy will set up two wind farms in Sri Lanka's Mannar town and Pooneryn village in the northern provide with a total installed capacity of 484 megawatts at an investment of about US$ 740 million.
The related infrastructure that would transmit electricity to consumption centres will see a further investment of over US$ 290 m.
The projects will not just be Sri Lanka's largest renewable energy project but also the nation's biggest power project to date.
Last month, Sri Lanka agreed to buy electricity from Adani's wind power stations for 20 years.
AGEL will be paid 8.26 cents per kilowatt-hour (kWh) as per the agreement. This is lower than up to 26.99 cents per kWh paid to thermal projects of state-owned CEB and 9.67 to 13.99 cents per kWh for wind projects. It is lower than 8.75 cents per kWh paid for the Odamawadi solar project.
Adani Group is also involved in building a US$ 700 m terminal project at the island nation's largest port in Colombo.
Gland Pharma announced that Srinivas Sadu, the incumbent Managing Director (MD) and CEO, has been appointed, as Executive Chairman and CEO of the company, effective 10 June 2024.
Srinivas Sadu, a seasoned professional with over two decades of rich experience, has been a key part of Gland's journey. He assumed the role of MD and CEO on 25 April 2019 and has been instrumental in the company's growth and success.
His career with the company began in 2000, and he steadily rose through the ranks to become chief operating officer in 2011.
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