Sensex Today | Stock Market LIVE Updates: Market takes U-turn after hitting record high! Sensex drops 115 pts, Nifty tests 24,450

10 Jul 2024 | 12:51:17 PM IST

Sensex Today | Stock Market LIVE Updates: Indian shares reached record highs at the opening of trading on Wednesday, driven by the ongoing rally of car maker Maruti Suzuki. However, the benchmark indices quickly retreated from these highs, influenced by weakness in financial stocks.

Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Two important factors that have been contributing to the ongoing bull market in India are the global rally and the sustained flows into the Indian market from retail investors. These two factors continue to be intact. The US market is doing extremely well with the S&P 500 returning 17.6% YTD against Nifty’s 12.38% return YTD.

The flows into the market from retail investors continue unabated with SIP inflows touching Rs 21262 crores in June. These positive trends can impart resilience to the market even though valuation comfort is low now.

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Sensex Today | Stock Market LIVE Updates | Gold drifts higher with spotlight on US inflation reading

Gold prices edged higher on Wednesday as investors awaited a crucial U.S. inflation report that could provide insights into the Federal Reserve’s future interest rate decisions.

Spot gold increased by 0.4% to $2,372.87 per ounce as of 0705 GMT. Meanwhile, U.S. gold futures rose by 0.5% to $2,378.40.

Sensex Today | Stock Market LIVE Updates | Greaves Cotton’s subsidiary Greaves Finance partners with ACKO to facilitate seamless EV ownership across India.

Price as on 12.18.23 PM, Click on company names for their live prices.

Japan’s Nikkei 225 share index surges to another record high, approaching 42,000

Japan’s Nikkei 225 share index closed Wednesday at another record high, gaining 0.6% to end trading at 41,831,99. That followed a record close on Tuesday, as world markets tracked gains on Wall Street.

The Nikkei 225 index also hit a record intraday high on Wednesday of 41,889.16 as it bounced throughout the day, at times falling back.

Sensex Today | All sectors trading in the red with auto, media, PSU banks, real estate, and oil and gas worst hit

Sensex Today | Tata Motors: JLR India Q1 FY25 retail sales up 31% YoY

Price as on 11.48.57 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Defence stocks under pressure

Price as on 11.30.01 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Shares of FSN E-Commerce Ventures (Nykaa) rose 4.2% to Rs 182.7 in Wednesday’s trade on BSE amid reports of two block deals executed on the counter.

Price as on 11.16.53 AM, Click on company names for their live prices.

Stock Market LIVE Updates | 47 out of the 50 constituents in the Nifty are trading in the red

Stock Market LIVE Updates | SENSEX TANKS 800 PTS: Check out the top losers

Sensex Today | Stock Market LIVE Updates | Sensex down 800 points

Sensex Today | Stock Market LIVE Updates | Nifty Midcap 100 plunges over 1,200 pts

Nifty midcap registers biggest intra-day fall in 1 month

Sensex Today | Stock Market LIVE Updates | Broader markets under pressure

Stock Market LIVE Updates: PSU stocks trade sharply lower

Price as on 10.38.08 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Sensex top losers in today’s trade

Sensex Today | Stock Market LIVE Updates | Sensex plunges 600 points

Sensex Today | Stock Market LIVE Updates | Block deal impact

Price as on 10.15.14 AM, Click on company names for their live prices.

Stock Market LIVE Updates | RVNL shares jumped 10% after the firm received Letter of Acceptance (LoA) for a project worth Rs 187.34 crore from Maharashtra Metro Rail Corporation Limited (Nagpur Metro).

Price as on 10.14.49 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Maruti shares hit fresh record high

Price as on 10.10.42 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Delta Corp fell nearly 4% after reporting 34% drop in standalone PAT

The company reported a 34% drop in its standalone net profit to Rs 40.48 crore for the first quarter ended June 2024, compared to Rs 61.43 crore in the same period last year.

Price as on 10.08.11 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Listing Alert

Emcure Pharma shares list at 31% premium | BSE/NSE – Rs 1325 (Up – Rs 317 or 31.45%)
Bansal Wire lists at 39% premium | BSE – Rs 352 (Up – Rs 96 or 37.5%); NSE – Rs 356 (Up – Rs 100 or 39%)

Sensex Today | Brokerage Radar: BofA on HDFC Bank

Downgrade to Neutral from Buy; Cut target price to Rs 1830 from Rs 1850.
Navigating a tricky FY25 – risk-reward capped near term.
FY25 – balancing the positives and negatives.
A shallow rate cut cycle delays NIM recovery.
Catalysts are likely to play out only in 01 FY26.
Stock is up ~20% from February lows driven partly by index upweight optimism.
Now expect the stock’s risk-reward to be in a narrow range over the next 12 months.

Sensex Today | Brokerage Radar: Morgan Stanley India strategy

Earnings growth is likely to decline 010 in Q1FY25 from a high base.
We remain in an earnings upcycle evidenced by a 15th straight quarter of double digit earnings compounding.
Overweight on Financials, Cons Disc, Industrials and Technology and are avoiding external facing sectors.
Over half of MS coverage universe is expected to report margin expansion. (Source:ETNow)

Sensex Today | Stock Market LIVE Updates | M&M shares witness sharp fall in early trade

Price as on 09.25.24 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | BofA downgrades HDFC Bank to Neutral from Buy

Price as on 09.24.25 AM, Click on company names for their live prices.

Rupee trades flat at 83.49 against US dollar in opening session.

Sensex Today | Stock Market LIVE Updates | NHPC, BEL among most active stocks in morning trade

Price as on 09.22.47 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Opening Bell

Market takes U-turn after hitting record high! Sensex drops 115 pts, Nifty tests 24,450

Stock Market LIVE Updates | Delhivery block deal: 3.2% equity traded pre-market

Stock Market LIVE Updates | Large Trade Alert: 37 lakh Mankind shares (0.9% equity) traded in pre-market block deal

Stock Market LIVE Updates: Sensex rises around 100 points, Nifty above 24,400 in pre open session

Stock Market LIVE Updates | F&O Radar | Deploy Bull Call Spread in Nifty to gain from bullish stance

The Nifty index maintained its bullish momentum, reaching a record high of 24,443 following a consolidation over the past four trading sessions. It started positively and steadily climbed throughout the session.

Stock Market LIVE Updates | New Zealand dollar falls, bonds rally as RBNZ flags possible easing

On Wednesday, the New Zealand dollar declined and bonds saw a rally as market expectations for an August rate cut surged following the Reserve Bank of New Zealand’s indication of potential easing if inflation moderates as anticipated.

The RBNZ kept interest rates unchanged at 5.5%, noting expectations that inflation would align with target ranges in the latter half of the year. Additionally, policymakers suggested that the current policy restraint would gradually ease in line with anticipated declines in inflationary pressures.

Sensex Today | Stock Market LIVE Updates | D-Street Recap

Domestic benchmark equity indices Nifty 50 and Sensex logged all-time closing high levels on Tuesday as Maruti Suzuki and consumer stocks helped the benchmarks continue their post-election rally. A strong macroeconomic growth outlook and steady return of foreign inflows continued to aid sentiment.

The benchmark NSE Nifty 50 rose 0.46% to 24,433, while S&P BSE Sensex settled 0.49% higher at 80,351.

Forex News | Dollar climbs

On Wednesday, the dollar strengthened after recovering from a three-week low following Federal Reserve Chair Jerome Powell’s careful remarks about the timing of potential interest rate cuts.

Ahead of the central bank’s rate decision, the New Zealand dollar slightly increased as traders remained watchful for indications about the timing of potential policy adjustments.

Stock Market LIVE Updates | Oil rebounds as U.S. stockpiles drop, interest rate cut outlook brightens

Oil prices bounced back on Wednesday after a three-day decline, spurred by an industry report indicating a drop in U.S. crude and fuel inventories last week, suggesting stable demand and improved prospects for interest rate cuts.

Brent futures increased by 21 cents to reach $84.87 per barrel by 0055 GMT, rebounding from a 1.3% decrease in the previous session.

Stock Market LIVE Updates | Forex News

The euro was little changed at $1.0815
The Japanese yen was little changed at 161.43 per dollar
The offshore yuan was little changed at 7.2905 per dollar

Stock Market LIVE Updates | Global Markets Update

S&P 500 futures were little changed as of 9:43 a.m. Tokyo time
Japan’s Topix was little changed
Australia’s S&P/ASX 200 fell 0.5%
Euro Stoxx 50 futures rose 0.3%