Asian shares markets are trading on a positive note today amid bets for supportive monetary policy from central banks in China and Japan and a pause in interest rate hikes from the Federal Reserve.
The Nikkei is trading higher by 1.2% and the Hang Seng index is trading marginally lower. The Shanghai Composite is up 0.2%.
The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday.
The Dow Jones Industrial Average ended 0.4% higher and the tech heavy Nasdaq Composite ended 0.8% higher.
Here's a table showing how US stocks performed on Tuesday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
Alphabet | 124.43 | 0.08 | 0.06% | 125.86 | 123.85 | 129.55 | 83.45 |
Apple | 183.31 | -0.48 | -0.26% | 184.15 | 182.44 | 184.95 | 124.17 |
Meta | 271.32 | 0.27 | 0.10% | 275.72 | 269.09 | 276.57 | 88.09 |
Tesla | 258.71 | 8.88 | 3.55% | 259.68 | 251.34 | 314.67 | 101.81 |
Netflix | 435.73 | 11.76 | 2.77% | 437.27 | 428.4 | 437.27 | 164.28 |
Amazon | 126.66 | 0.09 | 0.07% | 128.41 | 125.18 | 146.57 | 81.43 |
Microsoft | 334.29 | 2.44 | 0.74% | 336.98 | 330.39 | 338.56 | 213.43 |
Dow Jones | 34,212.12 | 145.79 | 0.43% | 34,310.28 | 34,107.98 | 34,712.28 | 28,660.94 |
Nasdaq | 14,900.85 | 116.55 | 0.79% | 14,931.83 | 14,770.14 | 14,931.83 | 10,440.64 |
Back home, Indian share markets are trading on a flat note.
At present, the BSE Sensex is trading 85 points lower. Meanwhile, the NSE Nifty is trading down by 8 points.
Tata Steel and Power Grid are among the top gainers today.
Bharti Airtel and Bajaj Finserv on the other hand are among the top losers today.
Check out the NSE Nifty heatmap to get the complete list of gainers and losers.
Broader markets are trading on a positive note. The BSE Mid Cap index is trading higher marginally and the BSE Small Cap index is up 0.3%.
Sectoral indices are trading on a positive note with the exception of finance sector, IT sector and auto sector. Stocks in the metal sector and telecom sector witness buying.
Shares of MRF and ZF Commercial hit their 52-week high today.
The rupee is trading at Rs 82.29 against the US dollar.
In commodity markets, gold prices are trading higher by Rs 140 at Rs 59,358 per 10 grams today.
Meanwhile, silver prices are trading higher by 0.4% at Rs 72,401 per 1 kg.
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 stocks markets, the Indian stock market is on the verge of touching a new all-time high.
In this mood of bullishness, smallcaps are on fire. These stocks are hitting new highs every day.
But what do the charts say?
In the below video, chartist Brijesh Bhatia shows what the market technicals is suggesting about these stocks for the rest of 2023.
According to a DGCA official, aviation safety regulator DGCA has granted permission to no-frills airline IndiGo to operate its flight services to Nairobi in Kenya.
This would be the Gurugram-based airline's first foray into the vast African region.
IndiGo had in February this year announced its plans to launch air services to Nairobi, Jakarta and some Central Asian Countries as part of its international expansion plans amid increasing competition due to a rejuvenated Air India under Tata group.
Early this month, the airline said it will connect Nairobi in Kenya and Jakarta in Indonesia, with direct flights from Mumbai in late July or early August.
Delhi will get connected in August to Tbilisi, Georgia and Baku, Azerbaijan and in September to Tashkent, Uzbekistan, and Almaty, Kazakhstan.
It has also said at that time that once these routes are operational, the airline will be connecting a total of 32 international destinations compared to 26 currently.
IndiGo is one of the biggest beneficiaries' of Go First's bankruptcy.
Without Go Air flights, there will be a reduction in the total number of flights and routes available to customers. This creates an opportunity for the remaining low-cost carriers to expand their operations, increase the number of flights and destinations, and potentially capture a larger share of the market.
Little wonder Indigo share price was on an upward trajectory after Go First declared bankruptcy.
Anupam Rasayan share price jumped over 5% today following the company's signing of a letter of intent for Rs 21.9 billion (bn) for five years with a major Japanese speciality chemical manufacturer.
It will supply a new-age patented life science active ingredient starting in the calendar year 2025. The product will be in the validation phase for the next eighteen months.
Beginning in 2025, it will provide a cutting-edge, patented active component from the field of life science. For the next 18 months, the product will be in the validation phase.
This product will be manufactured in the existing multipurpose manufacturing facilities, it added.
According to the management of the specialty chemical company, the company is fully backward integrated for this molecule and can provide supply chain assurance to the customer without dependencies on supplies from other geographies.
The company has six manufacturing facilities in Gujarat with four facilities located at Sachin in Surat, while one of them is located at Jhagadia, Bharuch with an aggregate installed capacity of about 27,200 tonne as on 31 December 2022.
Maruti Suzuki, India's largest passenger vehicle maker, is seeking to dial up its niche, premium play in the country's passenger vehicle market by expanding its portfolio at the top-end, entering the Rs 20 lakh price segment for the first time.
The auto company, which has a more than 60% share of the small car market (under Rs 10 lakh), will unveil its latest three-row multi-purpose vehicle (MPV) Invicto, a cross-badged version of Toyota's Innova HyCross, on 5 July.
Like the Toyota model, Invicto will also be offered in a strong-hybrid avatar, and is likely to be offered only in premium variants like Maruti Suzuki's recently launched off-roader Jimny.
The Rs 20-lakh and above category, especially that for three-row lifestyle vehicles, which is dominated by Mahindra & Mahindra, will be a niche but critical foray for Maruti Suzuki in its bid to achieve a 25% share of the SUV market by the end of this fiscal year, and ultimately attain its ambition of 50% market share in this category, which now accounts for every second passenger vehicle sold in India.
Brands like Jimny and now, Invicto, are also a way for Maruti Suzuki to strengthen its brand position via its premium sales channel Nexa, as budget hatchback volumes slide.
Maruti Suzuki is one of the big names among customers and investors, yet it underperformed the market recently, to know why read our editorial on why are Hero MotoCorp and Maruti Suzuki underperforming the market?
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