Indian Markets open in green with Nifty Media in focus!
On Monday, Indian markets opened on a positive note, with Nifty and Sensex experiencing moderate gains while Broader indices also displayed resilience.
Market Update at 9:45 AM: On Monday, Indian markets opened on a positive note, with Nifty and Sensex experiencing moderate gains while Broader indices also displayed resilience. Nifty Media emerged as the top gainer, while Nifty Energy experienced the largest losses.
The Sensex is up by 0.28 per cent and the Nifty has also gained by 0.27 per cent. Similarly, the broader indices followed the trend and showed significant gains, with the Nifty Midcap surging by 0.44 per cent and the Nifty Smallcap gaining by a substantial 0.89 per cent.
India VIX has slightly gained by 2.55 per cent and is trading around the mark of 14, indicating marginal increase in market volatility.
Within the sectoral landscape Nifty Media, Nifty Metal and Nifty IT were among the top gainers while Nifty Energy, Nifty PSU Bank and Nifty Realty were among the top losers.
JSW Steel, Hero Motocorp and Bajaj Auto are among the top gainers within the Nifty 50 while NTPC, Power Grid Corporation and Apollo Hospitals are among the top losers.
About 1646 stocks are advancing as against to 546 stocks that are declining, thus indicating a positive sentiment in the broader market.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Pre-Market Update at 8:25 AM: U.S. indexes dipped on Friday, reversing earlier gains, while Treasury yields rose, and the U.S. dollar declined as investors digested data showing unchanged U.S. monthly inflation for May.
The Dow Jones Industrial Average fell by 45.20 points (0.12 per cent) to 39,118.86, the S&P 500 dropped 22.39 points (0.41 per cent) to 5,460.48, and the Nasdaq Composite decreased by 126.08 points (0.71 per cent) to 17,732.60.
The US 10-year yield fell slightly by 4 basis points to 4.39 per cent, and the 2-year Treasury yield decreased by 17 basis points to 4.74 per cent in early Monday trading.
The GIFT Nifty indicates a negative start for the Indian Benchmark indices, with a slight decline of 0.02 per cent or 6 points. Nifty futures are currently trading near the 24,133 mark.
Oil prices inched higher in early Monday trading, buoyed by forecasts of a supply shortfall due to peak summer fuel demand and OPEC production cuts expected in the third quarter. However, gains were limited by global economic challenges and increasing output from non-OPEC producers.
Brent crude futures rose by 16 cents (0.2 per cent) to USD 85.16 per barrel, while U.S. West Texas Intermediate crude futures increased by 17 cents (0.2 per cent) to USD 81.71 per barrel.
On June 28, 2024, foreign institutional investors (FII) sold shares worth Rs 23.09 crore, while domestic institutional investors (DII) bought shares worth Rs 6,658.31 crore.
Stocks that are banned for trading in the F&O segment on July 01, 2024, are INDIACEM and INDUSTOWER.