Dear
Trader…
Among Sensex stocks, ITC, Reliance, Bajaj
Finance, and SBI were the top gainers, surging 2-3% each. HDFC, UltraTech
Cement, M&M, HDFC Bank, Tata Steel and ICICI Bank also ended higher.On the
flip side, Power Grid, Sun Pharma, Maruti, TCS, Tech Mahindra, Nestle, and
L&T closed in the red.
Broad sectoral gains, with financial
services in the lead, the 30-share S&P BSE benchmark Sensex rose 486 points
or 0.75% to settle at 65,205. The broader NSE Nifty gained 144 points or 0.75%
to end at 19,404.
Sector-wise, Nifty Bank hit its 52-week
high of 45445 and ended 0.94% higher,Nifty FMCG, Nifty Metal, and Nifty Oil
& Gas also closed with gains. In the broader market, Nifty Midcap100 and
Smallcap100 also closed at an all-time high.
The market capitalisation of all listed
companies on BSE rose by Rs 1.73 lakh crore to Rs 298.21 lakh crore. The market
breadth was skewed in the favour of the bulls. About 1,971 stocks gained, 1,721
declined, and 148 remained unchanged on the BSE.
Global Markets –
World stocks rose to a two-week peak on
Monday, with Japan’s Nikkei closing at its highest level in 33 years, drawing
support from signs that cooling inflation might temper central banks’ appetite
to further hike rates.
European shares rallied, while US equity futures
pointed to a positive open for Wall Street, which closes early ahead of
Tuesday’s July 4 holiday.
apan’s Nikkei 225 closed 1.7% higher, while
China’s Shanghai Composite ended 1.3% higher. Koear’s Kospi rose 1.5%, while
Hong Kong’s Hang Seng advanced 2.06%.
Oil rallies – Oil rose on Monday as
top exporter Saudi Arabia extended its supply cut through August, overshadowing
concerns about a global economic slowdown and possible further interest rate
hikes from the US Federal Reserve.Brent crude futures were up 67 cents to
$76.08 a barrel after gaining 0.8% on Friday. US West Texas Intermediate crude
was up 67 cents at $71.33 a barrel, after closing 1.1% higher in the previous
session.
Rupee climbs – The rupee reversed
course to close slightly stronger on Monday as buying interest emerged from
importers after the local unit touched its highest levels since early May on
the back of likely dollar inflows earlier in the session.The rupee ended at
81.9575 per dollar, compared to its close of 82.0375 in the previous session.
The domestic currency rose to a high of 81.76 earlier, its strongest since May
8.
Nifty
futures opened at 19321.00 points against the previous close of 19261.25 and
opened at a low of 19302.55 points. Nifty Future closed with an average
movement of 117.13 points and a rise of around 143.70 points and 19404.95
points…!!
On the
NSE, the midcap 100 index will rise 0.25% and small cap100 index is closing rise
1.23%.
At the
start of intra-day trading August gold opened at Rs.58154 fell from a high of
Rs.58168 points to a low of Rs.57971 with a decline of 158 points, a trend of
around Rs.58053 and JULY Silver opened at Rs.69103, fell from a high of Rs.69406
points to a low of Rs.68650 with a rise of 471 points, a trend of around Rs.69406.
Meanwhile, Sentiments of investors are reinforced by
positive domestic data and optimistic global cues. Global market was supported
by resilient economic data, avoiding the possibility of a recession. India’s
stock market trend was broad-based, owing to the outperformance from energy,
financial, metal, and FMCG sectors.
Technically, the
important key resistances are placed in july Nifty future are at 19404 levels,
which could offer for the market on the higher side. Sustainability above this
zone would signal opens the door for a directional up move with immediate resistances
seen at 19474 – 19505 levels. Immediate support is placed at 19373 – 19280 levels.
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