Stock Market Live Updates 10 June 2024: US Fed rate, domestic inflation to drive stock markets this week

Jun 10, 2024

Updated – June 10, 2024 at 07:49 AM.

Sensex, Nifty, Share Prices LIVE: The market’s movement this week will be driven by the US Fed interest rate decision, domestic inflation data, and global trends following the Lok Sabha elections and RBI policy decision. Last week, the BSE Sensex and Nifty saw significant gains, closing at record highs. Analysts highlight the importance of global events like the US core inflation figures, the Fed’s interest rate decision on June 12, and Japan’s interest rate decision on June 14. Domestically, key releases include India’s industrial production and inflation data on June 12. Foreign and domestic investor trading activities will also influence market dynamics. Foreign Portfolio Investors continued to sell Indian equities in early June despite a market rebound after a 5.9% crash on June 4. FPIs offloaded ₹14,794 crore in the week ending June 7, following net sales of ₹25,586 crore in May and ₹8,671 crore in April. Overall, FPIs have sold ₹38,158 crore in 2024. V K Vijayakumar of Geojit Financial Services predicts large caps may underperform due to FPI selling but expects this trend to reverse eventually.

| Photo Credit: shapecharge

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 10 June 2024.


  • June 10, 2024 07:42

    Stock Market Live Today: Dividend Dates: Ex-Dividend 11 June 2024 (Tomorrow)

    Last date for Cum-Dividend Today

    Asian Paints Ltd.

    Dividend Per Share Rs.28.15

    Previous day Closing Price – Rs. 2928.7

    Jindal Saw Ltd.

    Dividend Per Share Rs.4

    Previous day Closing Price – Rs. 555.15

    Kriti Industries (India) Ltd.-$

    Dividend Per Share Rs.0.2

    Previous day Closing Price – Rs. 127.25

    Kriti Nutrients Ltd

    Dividend Per Share Rs.0.3

    Previous day Closing Price – Rs. 103.85

    Tata Motors Ltd.

    Special Dividend Per Share Rs. 3

    Dividend Per Share Rs.3

    Previous day Closing Price – Rs. 970.4

    Tata Motors Ltd – DVR

    Special Dividend Per Share Rs. 3.1

    Dividend Per Share Rs.3.1

    Previous day Closing Price – Rs. 651

  • June 10, 2024 07:41

    Stock Market Updates: Instl. Investors EQUITY Cash Trades PROV. – 07/06/2024

    Rs. CRS. :

    FIIS : BUY +4,391 (19,944-15,553)

    DIIS : SELL -1,290 (15,564-16,854)

  • June 10, 2024 07:41

    Stock Market Live Updates: Redburn-Atlantic upgrades Unilever plc from Neutral to Buy with a price target of GBP51.00

    We upgrade our rating from Neutral to Buy and raise our DCF-derived price target to 5,100p, offering 20% potential upside to the current share price. We use a terminal growth rate of 3%, in line with the level that we use for P&G and Colgate. Our weighted average cost of capital (WACC) is 7.4%. Our forecasts assume a 5.5% organic sales CAGR, a target EBIT margin of 21.2% and a ten-year EPS CAGR of 11.5%. Our DCF-derived price target valuation represents a forward P/E and EV/EBIT multiple of 20.9x/17.4x. Our valuation also includes €26.4bn of minorities, the lion’s share of which represents Unilever’s 61.9% stake in Hindustan Unilever.

  • June 10, 2024 07:41

    Stock Market Live Updates: Economic Calendar – 10.06.2024 

    China, Hong Kong, Taiwan @ Market Holiday

    05:20 Japan Final GDP q/q (Expected: -2.0% versus Previous: -0.4%)

  • June 10, 2024 06:42

    Today’s Stock Recommendations: June 10, 2024

    Here’s an interesting stock idea: The stock idea that we have for you today is Ashoka Buildcon. The stock has surged over 10 per cent on Friday and has closed on a strong note.

  • June 10, 2024 06:35

    Stock Fundamentals: PI Industries: What should investors do?

    Investors with a two-to-three-year investment horizon can consider the stock of agrochemical maker PI Industries. The company is poised for good growth in the near to medium term on the back of new differentiated product launches in the overseas market, strong order pipeline in the custom synthesis business and recovery in the domestic business, aided by less competitive products.

    At the current price of ₹3,646, the stock trades 32.8x its trailing 12-month earnings, implying a significant discount to peers such as Bharat Rasayan (30 per cent) and Sumitomo Chemical (50 per cent). 

  • June 10, 2024 06:27

    IPO Insights: ixigo IPO: Here is why investors can consider subscribing to the offer

    The IPO of OTA (Online Travel Agency) company Le Travenues Technology, popularly known by the umbrella brand name ixigo, takes flight on June 10. With the company having a reasonably strong balance sheet (similar to other OTAs), the issue size of ₹740 crore is primarily an offer for sale of ₹620 crore by the founders and early private equity investors in the company. The balance is fresh issue of ₹120 crore, which will be utilised by the company for meeting working capital requirements, investments in technology and related aspects, strategic initiatives and general corporate purposes.

  • June 10, 2024 06:24

    Stock Market Live Today: SEBI to tweak selection criteria for F&O stocks

    SEBI plans to change the selection criteria for entry and exit of stocks in the derivatives market to reflect current market conditions.

    About two dozen of the 182 companies that are part of the F&O segment could see an exit if the new rules are implemented, according to Nuvama Alternative & Quantitative Research. These include Abbott India, Bata, Berger Paints, Gujarat Gas, Ipca Labs, Torrent Pharma and United Breweries. 

  • June 10, 2024 06:19

    Stock Market Live Today: Index Outlook: Indices poised to ascend

    The Indian market witnessed an eventful week on the back of the announcement of results of the General Elections. After reflecting on the exit poll predictions and the actual outcome, the benchmark indices – Nifty 50 and Sensex – saw a record close on a weekly basis and posted a gain of over 3 per cent each. Nifty Bank, too, appreciated, but underperformed the benchmarks by posting a gain of 1.7 per cent.

  • June 10, 2024 06:18

    Stock Market Live Updates: Elections, coalition government and stock markets: Five strategies for investors amidst record highs

    The week gone by was action-packed for equity investors, with the markets touching all-time high on Monday, seeing a sharp reversal on Tuesday, and marching steadily upwards since then to close Friday on a high. The trailing 12-month PE (consolidated) of the Nifty now stands at 23 times, in line with the 10-year average but at a premium to longer-term averages. Stocks kissing new peaks, valuations not-so-cheap and a new coalition government at the Centre, how should investors approach the market now?

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