Stock Market LIVE Updates: GIFT Nifty indicates a firm start; US, Asian markets gain

Jun 11, 2024

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Sensex Today | Stock Market LIVE Updates: The S&P 500 and Nasdaq eked out record closing highs on Monday, although investors were cautious ahead of this week’s consumer prices report and a Federal Reserve policy announcement.

June 11, 2024 / 08:52 am IST

  • Stock Market LIVE Updates: GIFT Nifty indicates a firm start; US, Asian markets gain

    Stock Market Today

  • June 11, 2024 / 08:52 AM IST

    Brokerage Call | Antique initiates ‘buy’ rating on L&T Finance, target Rs 220

    #1 Expect company’s earnings CAGR to be 25 percent over the next 3 years

    #2 RoE to expand >400 bps to 15 percent over next 3 years

    #3 See limited risk in company achieving these targets

    #4 Promoter group has shown renewed vigor & placed their trust in an all-round leader

    #5 AUM growth to sustain at 20 percent+; structurally working on reducing credit cost

  • June 11, 2024 / 08:45 AM IST

    Sensex Today | Brickwork Ratings revises rating of Edelweiss Financial Services’ NCDs

    Brickwork Ratings has revised the ratings assigned to the Non-convertible Debentures program of Rs 344.81 crores of Edelweiss Financial Services to BWR A+/Rating on watch with negative implications and to the Principal Protected Market Linked Debentures program of Rs. 352.78 crores of the company to BWR PP-MLD A+/Rating on watch with negative implications.

  • June 11, 2024 / 08:33 AM IST

    Sensex Today | RBI rejects appointment of Rajkumar Bansal as MD & CEO of Edelweiss ARC

  • June 11, 2024 / 08:30 AM IST

    Brokerage Call | Jefferies maintains ‘buy’ rating on ONGC, target Rs 390

    #1 Policy continuity should keep company’s profitability elevated compared to past averages

    #2 Recent correction in stock appears overdone

    #3 Recent correction provides an attractive entry point for investors

    #4 Ramp-up in KG basin production in Q3FY25 & accretion to profitability key triggers

  • June 11, 2024 / 08:22 AM IST

    Stock Market LIVE Updates | NLC India to raise foreign currency up to USD 600 million via ECB

    The Board of Directors of NLC India at their meeting held on June 10, 2024 approved to raise foreign currency loan through External Commercial Borrowings (ECB) in any foreign currency as per business requirement to the extent of USD 600 Million through Direct route, subject to RBI guidelines.

    The company is going to invest up to Rs 994.50 crore, in one or more tranches in NLC India Renewables Limited, Wholly Owned Subsidiary of the company by way of subscribing the Equity Shares at Face Value subject to the necessary approvals of DIPAM/MoC etc.

  • June 11, 2024 / 08:15 AM IST

    Global Markets | Asian markets trade mixed; Hang Seng down, Nikkei up

    Asian stocks traded in a narrow range on Tuesday, as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc.

  • June 11, 2024 / 08:11 AM IST

    Sensex Today | Vodafone Idea, RVNL, NLC India, top stocks to watch out today 

    #1 Siemens-RVNL consortium gets LoA for Bangalore Metro Rail Corp project worth Rs 394 crore and RVNL emerges as the lowest bidder for Central Railway Project worth Rs 138.45 crore

    #2 JBM Auto arm signs MoU with a MUON India, a Macquarie Group company, to deploy over 2,000 e-buses over the next couple of years

    #3 NLC India to raise foreign currency up to $600 mn via ECB; to invest up to Rs 994.50 cr in arm NLC India Renewables

    #4 Vodafone Idea to consider issuance of shares/securities on preferential basis to vendors on June 13

    #5 Jubilant Food: Domino’s crosses the 2,000-store mark in India

    #6 TRIL to raise up to Rs 500 cr via QIP at issue price of Rs 665/Share: Sources to CNBC-TV18

    #7 Stocks in F&O ban: India Cements, Balrampur Chini, SAIL and Zee

  • June 11, 2024 / 08:09 AM IST

    Brokerage Call | Nomura keeps ‘buy’ rating on Federal Bank, target Rs 195

    #1 Bank expects to sustain 18-20 percent growth in loans over medium term

    #2 Expects to sustain similar growth rate in deposits

    #3 Bank expects to largely sustain its NIM profile over near term

    #4 Management says, 50 bps cut in repo rate could have a negative impact of 10-15 bps on NIMs

    #5 Management expects fee growth to sustain at more than 20 percent YoY

    #6 Management in dialogue with regulator to resolve this issue of embargo

  • June 11, 2024 / 07:58 AM IST

    Commodity Check | Oil prices extend rally on potential US crude purchase for reserve

    Oil prices rose on Tuesday, extending the previous day’s rally on hopes of higher seasonal fuel demand and potential US crude purchases for its petroleum reserve, though gains were capped by a firmer dollar.

    Brent crude futures climbed 28 cents, or 0.3%, to $81.91 per barrel and US West Texas Intermediate crude futures rose 31 cents, or 0.4%, to $78.05.

  • June 11, 2024 / 07:53 AM IST

    Sensex Today | IndiGo, IRB Infra, Honasa Consumer in focus ahead stake sale via block deal

    #1Cintra (Ferrovial Affiliate) likely to sell 5% stake of IRB Infra. The deal price range is Rs 63 to 70.16 per share

    #2 Fireside, Sofina Ventures to sell up to 2% stake in Honasa Consumer worth Rs 273.2 crore via block at floor price Rs 421.3 per share

    #3 Rahul Bhatia’s promoter entity plans to sell 2% stake in IndiGo worth USD 394 million via block deal at floor price Rs 4266 per share

  • June 11, 2024 / 07:48 AM IST

    Currency Check | Dollar firm ahead of key inflation test, Fed forecast update

    The dollar hovered near a one-month peak against the euro and pushed to a one-week high versus the yen on Tuesday as traders braced for crucial U.S. inflation data and fresh Federal Reserve interest rate forecasts the following day.

    The U.S. currency was supported by higher Treasury yields in the aftermath of surprisingly robust domestic jobs data at the end of last week, which sparked a dramatic paring of bets for Fed rate cuts this year.

    The dollar added 0.13% to stand at 157.25 yen early in the Asian day, the highest since June 3.

  • June 11, 2024 / 07:44 AM IST

    Sensex Today | GIFT Nifty indicates a positive start

    Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 43.5 points or 0.19 percent. The Nifty futures were trading around 23,276 level.

  • June 11, 2024 / 07:42 AM IST

    Sensex Today | Global Cues:

    #1 Asia mixed ahead of Fed, BoJ policy this week

    #2 Nasdaq, S&P 500 notch record close ahead of Fed policy decision

    #3 US 10-year yield rises as investors look to Fed meeting, inflation data

    #4 Euro falls after Macron calls French snap elections

    #5 Oil prices rise more than 2%; Brent above $81 as Goldman Sachs sees supply deficit on summer fuel demand

    #6 Gold rises ahead of US CPI data

    #7 GIFT Nifty signals muted but positive start

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