Stock Market LIVE on Thursday, July 11, 2024: At 6:35 AM, GIFT Nifty futures were indicating a gain of 56 points, trading at 24,411, signalling a bullish start for the day
 "market, stocks, stock market trading, stock market")
Stock Market LIVE on Thursday, July 11, 2024: Indian benchmarks Nifty50 and Sensex could open higher today, tracking buzzing Asian markets.
At 6:35 AM, GIFT Nifty futures were indicating a gain of 56 points, trading at 24,411, signalling a bullish start for the day.
Japan’s Nikkei surged past the 42,000 mark for the first time to achieve a new record high. Other Asian markets also rose on the back of a rally in technology stocks and optimism around potential rate cuts.
The Nikkei was up 1 per cent, while Australia’s ASX200 gained 0.87 per cent and Korea’s Kospi rose 0.77 per cent.
Meanwhile, in the US markets, stocks closed higher in anticipation of inflation and jobless claims data. The Nasdaq led gains with a rise of 1.18 per cent, followed by the Dow Jones (up 1.09 per cent) and the S&P 500 (up 1.02 per cent).
Back home, on July 10, foreign institutional investors (FIIs) purchased shares worth Rs 583.96 crore, while domestic institutional investors (DIIs) bought shares amounting to Rs 1,082.40 crore.
8:44 AM
Sahaj Solar IPO opens today; check price band, GMP, other details here
Renewable energy solutions provider Sahaj Solar IPO opens for subscription today, July 11, 2024. It is a book-built issue aiming to raise Rs 52.56 crore through the issuance of 2.92 million fresh shares. READ MORE
8:30 AM
Mutual fund equity folio additions surge to record high in June 2024
Net account additions in active equity mutual fund (MF) schemes swelled to a record high of four million in June owing to a spree of new fund launches during the month. Thematic funds alone added nearly two million accounts, shows data from the Association of Mutual Funds in India (Amfi). READ MORE
8:15 AM
Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC
Global physically backed gold exchange traded funds (ETFs) have lost $6.7 billion in the first half of calendar year 2024 (H1-CY24), suffering their worst first half in a calendar year since 2013, said a recent note by World Gold Council (WGC). Total holdings, the report said, have dropped by 120 tonnes (-3.9 per cent) to 3,105 tonnes during this period. READ MORE
8:02 AM
Milk price rise: Will dairy stocks milk gains for investors? Analysts weigh
Amid rising milk prices, analysts have an optimistic view on India’s dairy stocks such as Heritage Foods and Dodla Dairy, aided by hopes of margin expansion in the near-to-medium term. READ MORE
7:52 AM
Big players missing, corp bond issuances drop 36% in Apr-Jun period
Uncertainty over the election outcome and the Union Budget, coupled with the absence of HDFC Ltd, led to a more than one-third decline in corporate bond issuances during the April-June period compared to the previous year. READ MORE
7:41 AM
Stocks to watch, July 11: Yes Bank, Glenmark Pharma, Nykaa, SBI, Tata Elxsi
SBI: State Bank of India raised Rs 10,000 crore at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance, which was oversubscribed by approximately 3.6 times against the base issue size of Rs 5,000 crore. READ MORE
7:37 AM
Trading guide July 11: Global shares, GIFT Nifty hint positive open; TCS Q1
Equity benchmark indices – the BSE Sensex and the Nifty – are likely to start Thursday’s trading session on a cautiously optimistic note ahead of TCS results. READ MORE
7:32 AM
Ireland pips Mauritius to 4th spot on preferred FPI destinations list
Mauritius, once among the leading destinations for foreign portfolio investors (FPIs) routing funds into India, has now slipped to the fifth position, behind Ireland, in terms of assets under custody (AUC) as of June 30. READ MORE
7:24 AM
India IPO frenzy draws retail investors with quick 57% gains: Report
Retail investors are expected to keep piling into initial public offerings in India this year, as hefty gains for new stocks outpace the broader market and listings abroad. READ MORE
7:22 AM
Jigar S Patel of Anand Rathi recommends buying these three stocks today
Over the past few weeks, Aether has shown a consistent uptrend by forming higher highs and higher lows, which is a positive indicator of its market performance. Recently, Aether has surpassed its previous consolidation range high of 865 and is now trading around 896. READ MORE
7:20 AM
Stocks to buy and sell on July 11: India Cements, GMDC, Marico
Markets fluctuated sharply within a range and ended up losing nearly half a percent, wiping out the gains from Tuesday’s session. After a flat start, Nifty plunged sharply in the early hours but a recovery in select heavyweights helped pare some losses as the day progressed. It eventually settled at 24,324, down by 0.45 per cent. READ MORE
7:19 AM
Profit booking on cards for Nifty Pharma, FMCG; check trading strategy
The Nifty Pharma Index is currently showing a bullish trend on the near-term charts but is approaching a significant resistance level around 20,850. Technical indicators are in the overbought zone, which suggests that profit booking and selling pressure are likely to occur in the coming days. READ MORE
7:15 AM
Brent crude at $85.74 per bbl
7:12 AM
Asian markets buzzing in trade; Nikkei tops 42K for first time
7:11 AM
US markets settle higher
Don’t miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 11 2024 | 7:10 AM IST
