The S&P BSE 30 share index got off to a strong start today (July 4) at around 80,300. The Sensex too had briefly breached this level in the last session on July 3. This made it the shortest period of around 138 sessions for the Sensex to breach this level, buoyed by favourable global economic data and progressing monsoon in the country.
Which stocks are rising and falling today?
On the Sensex, ICICI Bank, HCL Tech and M&M opened up 1.5% while HDFC Bank, HUL and IndusInd Bank opened down 1.3%. Nifty IT rose 1% today with Coforge and Persistent Systems registering gains of over 2%. Nifty Auto, Metals and Realty rose over 0.5%. Kaya rose 10% after announcing a partnership with Marico to handle sales and marketing of Kaya personal care products. ITD Cementation shares fell 6.7% on possible stake sale by promoters.
What about the global market?
Weak U.S. economic data narrowed the chances of a September rate cut and Asian stocks hit a 27-month high. Japan’s Nikkei rose 0.4 percent, nearing its March peak, while the Tokyo Stock Price Index hit a new all-time high. S&P 500 and Nasdaq futures were steady after hitting new highs overnight.
How are oil prices today?
Oil prices fell in early trade after weaker-than-expected U.S. employment and business activity data. Brent crude futures fell 30 cents, or 0.34 percent, to $87.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 32 cents, or 0.38 percent, to $83.56 as of 0030 GMT.
Rupee Trend Today
The Indian rupee fell by 5 paisa to Rs 83.54 against the US dollar at opening trade. In the previous session, the rupee closed marginally lower as weakness in Asian currencies boosted demand for dollars from local companies and state-run banks.
