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Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a positive start; Asian shares trade higher
04 Jul 2024 | 08:30:12 AM IST
Domestic markets extended their record-breaking run on Wednesday, buoyed by strong global trends. The Nifty index surpassed 24,300 points, and the Sensex exceeded the historic milestone of 80,000 points.
According to Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, "We anticipate this positive momentum to persist in the near future. Today, Indian equities will respond to the US Federal Reserve meeting minutes and PMI data from the US, Europe, and Asia."
Show moreAccording to Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, "We anticipate this positive momentum to persist in the near future. Today, Indian equities will respond to the US Federal Reserve meeting minutes and PMI data from the US, Europe, and Asia."
1 New Update
Sensex Today | Stock Market LIVE Updates | India bond yields seen slightly lower as US peers decline
Indian government bond yields are expected to dip in opening trade on Thursday, tracking a decline in U.S. yields after weak economic data strengthened bets of interest rate cuts.
The benchmark 10-year yield is likely to move in the 6.97%-7.02% range, following its previous close of 6.9987%, a trader with a primary dealership said.
The benchmark 10-year yield is likely to move in the 6.97%-7.02% range, following its previous close of 6.9987%, a trader with a primary dealership said.
Gold inches up after weak data fuels US rate cut bets
Gold prices drifted higher on Thursday after softer-than-expected U.S. economic data fuelled hopes that the Federal Reserve could cut interest rates as soon as September.
Spot gold was up 0.3% at $2,362.10 per ounce, as of 0200 GMT after hitting a near two-week high in the previous session. U.S. gold futures was little changed at $2,369.80.
Spot gold was up 0.3% at $2,362.10 per ounce, as of 0200 GMT after hitting a near two-week high in the previous session. U.S. gold futures was little changed at $2,369.80.
Sensex Today | Stock Market LIVE Updates | D-Street Recap
On Wednesday, domestic markets saw modest gains of over half a percent, propelled by positive signals. Analysts attributed the rise to buoyant global markets and robust performances from banking giants, resulting in a strong opening and subsequent consolidation throughout the day.
Stock Market LIVE Updates | Dollar on the defensive after soft data, little relief for yen
On Thursday, the dollar weakened as recent U.S. economic indicators indicated slowing growth. Despite this, the yen remained near a 38-year low, prompting concerns about potential government intervention.
Meanwhile, the euro maintained its position close to a three-week peak against the dollar, while sterling strengthened ahead of the UK elections scheduled for later in the day.
Meanwhile, the euro maintained its position close to a three-week peak against the dollar, while sterling strengthened ahead of the UK elections scheduled for later in the day.
Stock Market LIVE Updates | Oil prices slip after data points to cooling U.S. economy
Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation.
Brent crude futures were down 30 cents, or 0.34%, at $87.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.38%, to $83.56 by 0030 GMT, with activity thinned by the U.S. Fourth of July holiday.
Brent crude futures were down 30 cents, or 0.34%, at $87.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.38%, to $83.56 by 0030 GMT, with activity thinned by the U.S. Fourth of July holiday.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0791
- The Japanese yen was little changed at 161.55 per dollar
- The offshore yuan was little changed at 7.3017 per dollar
Stock Market LIVE Updates | Global Market Updates
- S&P 500 futures were little changed as of 9:46 a.m. Tokyo time
- Hang Seng futures rose 0.9%
- Nikkei 225 futures (OSE) rose 0.5%
- Japan’s Topix rose 0.6%
- Australia’s S&P/ASX 200 rose 1.1%
- Euro Stoxx 50 futures were little changed
