Gold prices weakened, down ₹160 at ₹71,275, with resistance at ₹71,500. In Comex, $2310 remains a strong resistance. The possibility of sustained higher interest rates is weighing on gold. Strong Nonfarm Payroll data boosted the dollar index to 105, further pressuring gold prices. Additionally, profit booking and concerns over China potentially halting gold purchases are contributing to the current weakness in gold.
– Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities
Nifty remained sideways during the day as there was no directional move. The sentiment might remain sideways as well until it breaks out of the 23150-23350 range. Any decisive breakout on either side might confirm the future direction of the market. On the higher end, above 23350, it might move towards 23600. Meanwhile, support below 23150 is placed at 23000-22900.
– Rupak De, Senior Technical Analyst, LKP Securities
The rupee traded weak, down by 0.05rs to close at 83.56, due to the rising dollar near 105$. Participants are keenly awaiting the US CPI data release tomorrow, which is crucial for market movements. Additionally, the upcoming US Fed policy and statement are significant, as they will provide projections and guidance on future economic conditions. These events will heavily influence the dollar and, consequently, the rupee’s performance.
– Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities
The BankNifty Index experienced a sideways trading session and was unable to surpass the 50000 mark, where the highest open interest is built up on the call side. Once the index breaks above 50000, it is likely to see sharp short covering towards the 50500/51000 levels. The undertone remains bullish, and traders should adopt a buy-on-dip approach with support at 49000, where the highest open interest is built up on the put side.
– Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
03:40:56 PM IST, 11 June 2024
Rupee ends at record closing low as Asian peers slip
The rupee settled at 83.5650 against the U.S. dollar, 0.1% below its close of 83.5050 in the previous session.
03:39:37 PM IST, 11 June 2024
Stock Market LIVE Updates: Sensex gainers and losers at closing trade
03:37:55 PM IST, 11 June 2024
Closing Bell: Sensex ends flat after lacklustre trade, Nifty below 23,300; Paytm slips 2%, ONGC jumps 6%
03:23:34 PM IST, 11 June 2024
Stock Market LIVE Updates: Union Bank board approves raising Rs 6,000 crore via shares
03:19:35 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Mild pressure seen in pharma stocks: Top Gainers
03:14:20 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: JUST IN: Biocon appoints Mukesh Kamath as interim CFO effective today: Informist
03:12:15 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: 5 stocks that hit 52-week high today
03:10:57 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: IndiGo under pressure after block deal
03:00:42 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Auto sector at forefront at this hour
02:54:47 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Nifty falls 60 points off day’s high
02:53:34 PM IST, 11 June 2024
Tata Steel apprehensive of UK media reports over investment plans
02:23:19 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Vedanta says Cairn Oil & Gas commences commercial ASP Injection in Mangala, Rajasthan
01:51:56 PM IST, 11 June 2024
Gold dips as focus on Fed rate decision, CPI data; China set to resume buying
01:42:31 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: JUST IN | SBI board approves raising up to $3 billion via unsecured notes in FY25: Informist
01:41:18 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: NBCC bags order worth Rs 878.2 crore; stock jumps 8%
01:37:36 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Sensex climbs 300 pts, hit’s day’s high; Nifty tops 23,350 mark
01:31:16 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Oil and gas stocks recover after Petroleum & Natural Gas Minister Hardeep Singh Puri said efforts will be made to bring petrol-diesel and natural gas under GST ambit
01:16:32 PM IST, 11 June 2024
European stock markets rise on open
01:09:37 PM IST, 11 June 2024
Japan’s Nikkei up as chip shares gain; eye on Fed policy
01:10:17 PM IST, 11 June 2024
Stock Market LIVE Updates | Capacit’e Infraprojects Board approves issue of up to 1,000 secured, unrated, unlisted, redeemable Non-convertible debentures (NCDs) worth Rs 100 crore
12:37:06 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Nifty Realty rises over 1%; check out the top gainers
12:29:15 PM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Buzzing! Railway stocks rally up to 8%
12:03:30 PM IST, 11 June 2024
Up to 1,800% returns! How RVNL, Titagarh, other railway stocks performed in Ashwini Vaishnaw’s last stint
With Ashwini Vaishnaw retaining his position as the Railway Minister in the Modi 3.0 government, attention is likely to return to stocks in the railway sector. Many of these stocks have seen significant gains over the past year, making them potential targets for investors looking for multibagger returns.
11:53:10 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | NBCC, Varroc Engg. among top gainers & losers at this hour
11:21:03 AM IST, 11 June 2024
Stock Market LIVE Updates | Nifty Midcap 100 hits fresh 52-week high
- Index hits new high 53,705
- Poonawala Fincorp, RVNL, Oil India among top gainers
11:04:04 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Hong Kong stocks fall to one-month low, China down on strong US jobs data
On Tuesday, Hong Kong stocks experienced their lowest point in over a month following a long weekend break. This decline was influenced by unexpectedly strong U.S. employment data, which led to a significant reduction in expectations for Federal Reserve interest rate cuts this year. Additionally, mainland China stocks were negatively impacted by downturns in the consumer sector and non-ferrous metal industry.
10:48:25 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | CBI searches PNC Infra offices, summons MD Yogesh Jain: Media reports
10:41:53 AM IST, 11 June 2024
Sensex LIVE Updates | Sensex experiences sharp upmove, climbs 200 pts
After opening on a lackluster note the 30-share index rose 200 points.
10:36:04 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Mphasis Javelina selects HPE GreenLake cloud withHPE Alletra Storage
10:21:06 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | L&T TechnologyServices partners with IIT Hyderabad to work in ADAS andC2VX Communication
Nifty outlook: The turn lower yesterday is in line with the exhaustion suggested by standard deviation studies. However, the distribution therewith does not seem strong enough to embark on a 22600 move. Instead, the bearish bias is more likely to ease into a consolidation mode, without breaking 23050-22950 region, while making re attempts to resume uptrend. Alternate scenario for bullish case sees a direct rise above 23360, that would put Nifty back on to the 23530-24130 trajectory.
– Anand James, Chief Market Strategist,Geojit Financial Services.
10:01:18 AM IST, 11 June 2024
Stock Market LIVE Updates | IndiGo promoters likely sell 2% stake in Rs 3,700 crore block deal
During the block window, a significant transaction involving 83.7 lakh shares of InterGlobe Aviation was observed, with shares trading at a price of Rs 4,406 per unit.
09:33:19 AM IST, 11 June 2024
Stock Market LIVE Updates | BROKERAGE RADAR: BofA strategy on new cabinet formation
- We see scope for continued capex momentum
- NDA policies have been pro- reforms
- Strong fiscal: Capex & Populism can coexist
- See scope to step-up leverage for capex; Repurposing of capex mix likely
- Continue to prefer Investments over Consumption
- Move Staples to marketweight; we see low potential for Staples to outperform
- Trim our weighting of the industrials sector
- Continue to favor Financials, Autos, Cement, Non-ferrous metals (Source: ETNow)
09:33:38 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | BROKERAGE RADAR: MORGAN STANLEY EMERGING MARKETS STRATEGY
- Stay overweight Japan, India & Singapore
- Downgrade Mexico and Indonesia
- Upgrade South Africa
- India remains preferred pick in APxJ/EM
- India remains a secular opportunity
- BJP-led coalition likely to re-double their focus on growth rather than shift toward redistribution
- Expect volatility to settle back down (Source: ETNow)
09:27:08 AM IST, 11 June 2024
Forex news | Rupee rises in early trade
Rupee rises 1 paisa to 83.49 against US dollar
09:22:53 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | NHPC, Tata Steel among top movers in morning trade
09:42:29 AM IST, 11 June 2024
Stock Market LIVE Updates | Block deal in Honasa Consumer: 2% equity changes hands
09:21:11 AM IST, 11 June 2024
Stock Market LIVE Updates | BLOCK DEAL: IndiGo’s 2% equity traded
09:20:15 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Opening Bell
Sensex drops 100 pts, Nifty below 23,300; IRB Infra declines 8%, IndiGo 3%
09:12:57 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Block deal in IRB Infra: 1.75 crore shares traded in pre-open
09:12:09 AM IST, 11 June 2024
Stock Market LIVE Updates | Brokerage Radar: JPMorgan on IT sector
- Channel checks suggest no signs of spring
- Prefer defensives and high-growth names
- Demand subdued and unchanged, poor visibility on recovery
- Cost takeout deals dominate; small deals missing
- Captive hiring has turned stronger
- GenAl PoCs are strongly in BFSI
- We prefer defensive stocks such as TCS/INFO, and fast growing companies, such as PSYS/COFORGE/LTTS
09:06:54 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates: Sensex rises 129 points, Nifty above 23,250 in pre-open
“A strong pillar of support for this bull market has been the mutual fund industry which is witnessing sustained inflows. The Rs 34697 crore net inflows into equity funds in May and monthly SIP inflows touching Rs 20904 in May indicate that this domestic support to the market will continue despite the FII selling. FIIs turning buyers during the last two days and covering their shorts will support the market in the near-term. BJP keeping the key portfolios signals continuity in policies. This is a positive from the market perspective. From the fundamental perspective, the 25% increase in corporate profitability in FY24 augurs well for the market.”
– V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
08:57:01 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | GIFT Nifty signals a positive start for D-Street
Nifty futures on the Gift Nifty traded 55 pts or 0.23% higher at 23,283.
07:47:25 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Dollar firm ahead of key inflation test, Fed forecast update
The dollar’s strength was bolstered by increased Treasury yields following unexpectedly strong employment data in the U.S. towards the end of the previous week. This led to a significant reduction in expectations for Federal Reserve interest rate cuts this year.
07:44:50 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Oil prices extend rally on potential U.S. crude purchase for reserve
Brent crude futures edged up by 28 cents, or 0.3%, reaching $81.91 per barrel by 0038 GMT, while U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.4%, reaching $78.05.
07:42:37 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | D-Steert recap
The NSE Nifty 50 index fell 0.13% to 23,259, while the S&P BSE Sensex settled 0.27% lower at 76,490. Both the benchmarks rose about 0.5% each at the open and hit record high levels before surrendering gains.
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-d-street-action-on-tuesday/articleshow/110881022.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
07:42:09 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Global Currencies
- The euro was little changed at $1.0764
- The Japanese yen was little changed at 157.17 per dollar
- The offshore yuan was little changed at 7.2698 per dollar
07:41:34 AM IST, 11 June 2024
Sensex Today | Stock Market LIVE Updates | Global Markets Wrap
- S&P 500 futures fell 0.1% as of 10:28 a.m. Tokyo time
- Nikkei 225 futures rose 0.4%
- Japan’s Topix rose 0.3%
- Australia’s S&P/ASX 200 fell 1.3%
- Hong Kong’s Hang Seng fell 1.1%
- The Shanghai Composite fell 0.3%
- Euro Stoxx 50 futures rose 0.2%
