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  • NIFTY: 23,465.60
  • +66.70 (0.29 )
  • SENSEX: 76,992.77
  • +181.87 (0.24 )
23,465.60
+66.70 (0.29 )

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could see a flat opening.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,033 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 553.88 crore in the Indian equity market on 13 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 13863.45 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian markets displayed a cautious approach on Friday as investors awaited a crucial policy decision from the Bank of Japan.

U.S. stocks continued their historic rally on Thursday, with the S&P 500 and Nasdaq closing at new highs for the fourth consecutive day. Tech stocks led the charge, pushing the Nasdaq Composite up 0.34%.

In a sign that the Federal Reserve might lower interest rates soon, new data showed a rise in unemployment claims last week and an unexpected drop in producer prices for May.

Domestic Markets:

Domestic shares notched another win today, closing slightly higher for a two-day winning streak. The Nifty 50 ended near 23,400, buoyed by the US Fed's decision to maintain interest rates and a slight dip in US inflation. Back home, some relief came from moderating retail inflation and a pick-up in industrial production. Despite the good news, weekly options expiry on the NSE kept things jittery. Investors favored sectors like real estate, consumer durables, and IT, suggesting a cautiously optimistic mood. The S&P BSE Sensex rose 204.33 points or 0.27% to 76,810.90. The Nifty 50 index rose 75.95 points or 0.33% to 23,398.90. The Sensex and Nifty clocked an all-time high of 77,145.46 and 23,481.05, respectively, in early trade.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could see a flat opening.

India's annual inflation rate based on the Consumer Price Index (CPI) fell to 4.75% for the month of May 2024, according to government data. This is lower compared to 4.83% in April 2024 and 4.31% in May 2023. Inflation in the food basket remained high at 8.69% in May 2024, showing a slight decrease from 8.70% in April 2024.

India's industrial production showed strong growth of 5% in April 2024 compared to 4.6% in April 2023. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of April 2024 over April 2023 are 6.7%, 3.9% and 10.2% respectively.

Foreign portfolio investors (FPIs) bought shares worth Rs 426.63 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 233.75 crore in the Indian equity market on 12 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 10,830.45 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian stocks followed Wall Street higher after the Federal Reserve's cautious stance on interest rates didn't deter investors' expectations for cuts.

The Bank of Japan's two-day policy meeting starts today, with a decision expected on Friday. While holding rates is likely, a reduction in bond purchases is a possibility.

U.S. stocks rose on Wednesday after inflation data showed a slowdown. The core consumer price index reached its lowest level in over three years, with year-over-year prices rising 3.3% for essentials and other goods.

The Federal Reserve maintained interest rates after its policy meeting, revising its forecast to one rate cut this year and four in 2025. This shift from the previous projection of three cuts in 2024 reflects a more cautious outlook.

The S&P 500 extended its record high by 0.9%, while the Nasdaq composite climbed 1.5%, further surpassing its own record. The Dow Jones Industrial Average saw a modest decline of 0.1%.

Domestic Markets:

Domestic stocks rose on Wednesday, led by gains in banks and financial stocks. The Nifty 50 settled above the 23,300 mark. All eyes now turn to US inflation data and the Federal Reserve meeting outcome, both slated today, which could steer the direction of global markets. The S&P BSE Sensex rose 149.98 points or 0.20% to 76,606.57. The Nifty 50 index climbed 58.10 points or 0.25% to 23,322.95.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 19.50 points at the opening bell.

The World Bank on June 11th retained its GDP growth projection for India at 6.6% in FY25. The global agency sees India's GDP growth at 6.7% in FY26 and 6.8% in FY27.

Foreign portfolio investors (FPIs) sold shares worth Rs 111.04 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,193.29 crore in the Indian equity market on 11 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 11257.08 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian stocks dipped on Wednesday as jitters from US inflation data and the upcoming Federal Reserve decision weighed on markets. The Fed's monetary policy remains a key concern for Asian investors, even with Southeast Asian currencies facing important support levels.

Despite US indices closing at record highs on Tuesday, fueled by Apple's surge, investor focus shifted to today's events. The release of May's Consumer Price Index (CPI) and the Federal Reserve interest rate decision are crucial factors shaping market sentiment. The two-day Fed meeting is expected to maintain current interest rates, which are at a two-decade high.

The S&P 500 gained 0.3% and the Nasdaq jumped 0.9% on Tuesday, with Apple reaching an all-time high. The Dow Jones, however, shed 0.3%.

Domestic Markets:

Domestic stocks ended flat on Tuesday, with some early gains fizzling out. The Nifty 50 closed below the 23,300 level after hitting the day’s high of 23,389.45 in mid-afternoon trade. Media and oil & gas stocks got a lift, while healthcare and FMCG shares lagged. Investors are now focused on global cues, particularly interest rate decisions from the US Fed and Bank of Japan, for clues on the direction of the market. Healthy domestic flows from mutual funds and continued corporate profit growth suggest support for the market in the near term. The S&P BSE Sensex fell 33.49 points or 0.04% to 76,456.59. The Nifty 50 index rose 5.65 points or 0.02% to 23,264.85.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 6.50 points at the opening bell.

Foreign portfolio investors (FPIs) bought shares worth Rs 2,572.38 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,764.46 crore in the Indian equity market on 10 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 11,146.04 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian stocks were trading lower Tuesday, mirroring a subdued Wall Street session. Investors are cautious ahead of the Federal Reserve's decision this week and key U.S. inflation data. This wait-and-see approach is also due to European political uncertainties.

The Fed is expected to announce its interest rate decision and release updated economic projections on Wednesday, June 12th, 2024.

Despite the wait for the Fed, Wall Street managed to notch slight gains on Monday. Both the S&P 500 and Nasdaq closed at record highs after a volatile session. The Dow Jones also finished positive, up 0.2% to 38,868.04. The S&P 500 climbed 0.3% to 5,360.79, and the Nasdaq rose 0.4% to 17,192.53, marking record closes for both indexes.

Crude oil prices rose on Tuesday on hopes of higher seasonal fuel demand and potential US crude purchases for its petroleum reserve. Brent crude futures climbed 28 cents, or 0.3%, to $81.91 per barrel.

Domestic Markets:

Domestic stocks gave back some gains today, snapping a 3-day winning streak. The party seems to be on pause after the new Modi-led NDA government settled in. Investors are waiting for fresh cues and digesting recent highs. Foreign money is slowly returning to the market, while domestic institutions are taking some profits off the table. Meanwhile, the possibility of a US rate cut is diminishing as the US economy remains strong, which could dampen sentiment if the Federal Reserve does not cut rates as some anticipated. The barometer index, the S&P BSE Sensex, was down 203.28 points or 0.27% to 76,490.08. The Nifty 50 index shed 30.95 points or 0.13% to 23,259.20.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 52.50 points at the opening bell.

The market will react to the formation of the new government as Narendra Modi and his 71 ministers took oath of office and secrecy on Sunday (9th June).

Foreign portfolio investors (FPIs) bought shares worth Rs 4,391.02 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,289.75 crore in the Indian equity market on 7 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 13718.42 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Most Asian were trading lower on Monday. This shift comes after Friday's U.S. jobs report, which surprised analysts. The report indicated a stronger-than-expected labor market, with significant job creation and accelerating wage growth. This data has led investors to scale back their expectations of Federal Reserve interest rate cuts happening later in 2024.

The robust U.S. jobs data, released by the Bureau of Labor Statistics (BLS) on Friday, showed the creation of 272,000 new jobs in May. This surpassed analyst forecasts and came after a revised figure of 165,000 jobs added in April. Additionally, average hourly earnings rose 0.4% in May, following a 0.2% increase in April. Year-on-year wage growth climbed to 4.1% in May, compared to the upwardly revised 4.0% reported in April. Generally, wage growth within a 3.0% to 3.5% range aligns with the Fed's 2% inflation target. The average workweek remained steady at 34.3 hours.

Japan's revised GDP data for the first quarter (ending March 31, 2024) revealed a contraction of 1.8% year-on-year. This is an improvement from the initial estimate of a 2.0% decline. However, it still signifies a significant slowdown compared to the 0.4% growth observed in the previous quarter. On a quarterly basis, Japan's GDP fell 0.5%, matching the initial estimate.

Meanwhile, a recent snap election call in France has injected broader political concerns into the market, causing the euro to weaken.

U.S. markets closed strong on Friday. The S&P 500 reached a new intraday record high. The Dow Jones Industrial Average gained 0.29%, and the Nasdaq Composite rose 2.38%. Notably, Nvidia's stock price jumped 10% last week, driven by continued investor enthusiasm for the artificial intelligence leader. This surge pushed Nvidia's market capitalization past the $3 trillion mark.

Domestic Markets:

The domestic equity markets surged on Friday, with the Nifty 50 closing just below 23,300. The RBI's upgrade of India's GDP growth forecast to 7.2% for FY25, combined with the assurance of a stable Modi-led coalition government, ignited a rally across sectors. Even the previously underperforming IT stocks caught fire, spurred on by their appealing valuations. The barometer index, the S&P BSE Sensex was surged 1,618.85 points or 2.16% to 76,693.36. The Nifty 50 index jumped 468.75 points or 2.05% to 23,290.15.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 27 points at the opening bell.

The Reserve Bank of India (RBI)'s two-day monetary policy committee (MPC) meeting will conclude today, 7 June 2024. The outcome of the meeting will likely be announced by 10 am. In April 2024, the central bank held its benchmark policy repo rate at 6.5% for the sixth consecutive meeting, as anticipated due to ongoing inflationary pressures.

Foreign portfolio investors (FPIs) sold shares worth Rs 6,867.72 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,718.38 crore in the Indian equity market on 6 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 18109.44 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Oil prices edged up on Friday due to a potential shift in OPEC+ production strategy and hopes of a US interest rate cut, mirroring the trend in Europe. Brent crude futures responded with a modest gain of 0.2%, reaching $80.03 per barrel.

Asian stocks were trading mixed Friday as traders refrained from big bets until key economic data is released. Two important reports are on the docket:

The US nonfarm payrolls report, a crucial indicator of the health of the American economy, will be released later today. Investors are watching this data closely to gauge its impact on global markets.

Chinese trade data, also due later today, is being monitored by Asian markets. Concerns exist that excess capacity in China's manufacturing sector could lead to tariffs being imposed on Chinese exports by its trade partners.

In the US, the S&P 500 and Nasdaq closed slightly lower on Thursday, giving back some of their gains from the previous session's record highs. This came ahead of a key labor market report due Friday. Technology stocks, particularly Nvidia, led the decline.

Domestic Markets:

Domestic stocks advanced for a second day Thursday, buoyed by BJP-led NDA's re-election and global optimism. The Nifty climbed above 22,800 despite some profit-taking in FMCG and pharma. Realty, banks, and media stocks led the rally. All eyes are now on the RBI policy decision tomorrow, with analysts expecting rates to stay on hold, but watching closely for the central bank's comments on liquidity. The S&P BSE Sensex gained 692.27 points or 0.93% to 75,074.51. The Nifty 50 index jumped 201.05 points or 0.89% to 22,821.40.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 39.50 points at the opening bell.

The BJP-led National Democratic Alliance (NDA) will establish the new government on Saturday, when Narendra Modi will be inaugurated as Prime Minister for a historic third consecutive term. The BJP has obtained written support from the leaders of the Telugu Desam Party (TDP) and Janata Dal (United) (JD-U).

Foreign portfolio investors (FPIs) sold shares worth Rs 5,656.26 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,555.08 crore in the Indian equity market on 5 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 11,241.72 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian stocks advanced on Thursday, buoyed by growing optimism for lower interest rates globally. The positive sentiment mirrored record highs on Wall Street's S&P 500 and NASDAQ, fueled in part by weak US labor data. This data rekindled expectations of a Federal Reserve rate cut by September.

The US Labor Department said job openings fell to 8.059 million in April, the lowest since 2021, from a downwardly revised 8.355 million in March.

Further fueling the rally were Wednesday's interest rate reduction by the Bank of Canada and anticipation of a similar move by the European Central Bank later that day. This confluence of events fueled hopes for a global decrease in borrowing costs.

Chip-related stocks climbed after market leader NVIDIA surged to a $3 trillion valuation on Wednesday, riding the wave of artificial intelligence (AI) enthusiasm. Positive comments from ASML Holding NV, the world's top manufacturer of semiconductor equipment, further bolstered investor confidence in the chipmaking sector. The market anticipates that rising AI demand will translate into a global surge for semiconductors.

Domestic Markets:

The domestic stock market staged a comeback Wednesday, clawing back most of Tuesday's losses. Buoyed by the NDA's promise to form a government, the Nifty surged past 22,600 with financials, autos and FMCG leading the charge. However, experts caution of continued volatility until the new cabinet is formed. The long-term outlook for Indian equities, however, remains positive. In the barometer index, the barometer index, the S&P BSE Sensex was soared 2,303.19 points or 3.20% to 74,382.24. The Nifty 50 index surged 735.85 points or 3.36% to 22,620.35.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 44.50 points at the opening bell.

The Lok Sabha elections 2024 concluded with the Election Commission of India declaring all results. Prime Minister Narendra Modi is set to form the government for a third consecutive term. The BJP emerged as the largest party, winning 240 out of 543 seats, while the Congress secured 99 seats. The BJP-led National Democratic Alliance (NDA) won 293 seats, and the Opposition INDIA alliance obtained 232 seats. Despite significant losses in three Hindi heartland states, the NDA secured a majority in the Lok Sabha after a fiercely contested election.

Foreign portfolio investors (FPIs) sold shares worth Rs 12,436.22 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 3,318.98 crore in the Indian equity market on 4 June 2024, provisional data showed.

FPIs have sold shares worth over Rs 5585.46 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian markets were trading mixed on Wednesday. Oil slipped for sixth consecutive day. Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel.

US stocks rose slightly on Tuesday after data showed a weaker-than-expected labor market, which investors believe will lead the Federal Reserve to cut interest rates. The Dow Jones Industrial Average rose 0.36%, the S&P 500 gained 0.15%, and the Nasdaq Composite gained 0.17%.

According to the Bureau of Labor Statistics, US job openings decreased by 296,000, reaching 8.059 million on the last day of April. This marks the lowest level since February 2021 and signifies a decrease in labor market tightness.

Domestic Markets:

The domestic equity market crashed Tuesday, as both the Nifty and the Sensex experienced their sharpest single-day decline since March 2020. Concerns over a potential weaker mandate for the BJP instilled a sense of unease, casting a shadow on India's growth prospects. The Nifty closed below the 21,900 mark, with almost all sectoral indices ending in negative territory. The Nifty PSU Bank index tumbled by 15.14%, while the Nifty Oil & Gas index saw a substantial drop of 11.80%. The S&P BSE Sensex was tumbled 4,389.73 points or 5.74% to 72,079.05. The Nifty 50 index tanked 1,379.40 points or 5.93% to 21,884.50.

GIFT Nifty:

Early signs from Nifty 50 futures trading on the GIFT platform suggest a possible 51.50 point gain for the Nifty at the market open.

Meanwhile, vote counting for the Lok Sabha elections commenced this morning. Prime Minister Narendra Modi is predicted to secure a historic third term in office. This outcome is anticipated to positively impact the Indian financial markets, with hopes of further economic reforms.

Foreign portfolio investors (FPIs) bought shares worth Rs 6,850.76 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,913.98 crore in the Indian equity market on 3 June 2024, provisional data showed.

FPIs have bought shares worth over Rs 6850.76 crore in June 2024 (so far). They offloaded shares worth 42214.28 crore in May 2024.

Global Markets:

Asian stock markets showed a mixed performance on Tuesday. This comes as global investors grapple with the possibility that the exceptional growth of the US economy might be coming to an end. This concern stems from further signs of weakness in US manufacturing activity.

Oil prices continued their decline, with both US crude ($73.91/barrel) and Brent crude ($78/barrel) reaching four-month lows. This follows the decision by OPEC+ to gradually increase production, reducing overall output cuts.

US stocks opened June on a negative note. The Dow Jones Industrial Average fell after weak manufacturing data raised doubts about the economy's strength. Sectors reliant on economic growth, such as banks and industrials, led the decline. Despite the Dow's decline, the broader S&P 500 and tech-heavy Nasdaq Composite managed small gains.

The U.S. manufacturing sector showed signs of slowing, with the ISM manufacturing index measuring 48.7 in May, sending Treasury yields and the dollar lower. A reading below 50 is an indication of a contraction.

On Monday, U.S. Treasury yields fell to the lowest point in two weeks. The 2-year yield was 6 basis points lower while the 10-year yield was down 11 basis points.

On a brighter note, chipmaker Nvidia defied the market trend with a near 5% surge on Monday. This rise came after the company announced a new line of artificial intelligence chips, showcasing their commitment to staying competitive in the rapidly evolving market.

Domestic Markets:

Domestic stocks soared today on exit poll euphoria! Buoyed by exit poll predictions of a strong BJP win, investors piled into Indian stocks, sending the Nifty50 above 23,250. PSU banks and energy stocks led the charge, with PSUs particularly happy about the potential for continued reforms. How long this rally lasts depends on the actual election results. A big win could trigger a flood of sidelined cash back into the market, fueled by optimism. In the coming weeks, all eyes will be on the 100 days measures list and final budget for further cues. The S&P BSE Sensex galloped 2,507.47 points or 3.39% to 76,468.78. The Nifty 50 index soared 733.20 points or 3.25% to 23,263.90.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could soar 755 points at the opening bell, driven by the likely stunning victory of the NDA for a third term at the Centre, as most exit polls predicted a landslide win.

After the Lok Sabha Election 2024 concluded on Saturday, June 1, most exit polls predicted a decisive third term for the Narendra Modi government in New Delhi. The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) is expected to win over 350 of the 543 seats in the Lok Sabha. Notably, three exit polls suggested that the NDA might make history by surpassing the 400-seat milestone. The final results of the Lok Sabha Election are scheduled to be announced on June 4, 2024.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,613.24 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,114.17 crore in the Indian equity market on 31 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 42214.28 crore in May. They offloaded shares worth 35692 crore in April 2024.

Economy:

India's GDP grew at 7.8% in Q4 of FY24, raising the full-year growth estimate to 8.2%, according to data released by the Ministry of Statistics and Programme Implementation (MOSPI) on Friday.

India's GST collections rose 10% YoY to Rs 1.73 lakh crore in May 2024, driven by a surge in domestic spending. This strong domestic performance points to a healthy economy, despite a 4.3% decline in imports.

Global Markets:

Asian share markets climbed on Monday as investors anticipated a rate cut in Europe this week, potentially marking the first time the European Central Bank (ECB) eases policy ahead of the U.S. Federal Reserve. The ECB is widely expected to lower rates by 0.25% to 3.75% on Thursday.

Meanwhile, positive data emerged from China, a key driver for regional growth. The Caixin manufacturing Purchasing Managers' Index (PMI) for May came in at 51.7, indicating continued expansion in the sector. This suggests some resilience in the Chinese economy.

US stocks closed mostly positive on Friday, with the S&P 500 recovering from early losses to end the day in the green. The Dow Jones Industrial Average jumped 574.84 points, or 1.5%, to close at 38,686.32. The S&P 500 rose 0.8%, while the Nasdaq Composite slipped less than 0.1%.

Domestic Markets:

The domestic stocks finally snapped their losing streak Friday, clawing back small gains after five days in the red. The Nifty 50 regained the 22,500 mark. Investors seem to be done with pre-election jitters and are now waiting for exit polls to make their next move. Real estate, metals, and state-owned banks were in favor, while media, tech, and healthcare took a hit. The barometer index, the S&P BSE Sensex, was up 75.71 points or 0.10% to 73,961.31. The Nifty 50 index added 42.05 points or 0.19% to 22,530.70.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 29 points at the opening bell. The arrival of the monsoon in India and steady cues from Asian peers may buoy the benchmarks.

Global Markets:

Dow Jones index futures were down 40 points, indicating a weak opening in the US stocks today.

Asian stocks rose on Friday as investors awaited inflation readings from Europe and the U.S., which will likely dictate the path of interest rates globally. China stocks rose, even though the nation's manufacturing activity unexpectedly fell in May. This weak economic data fueled calls for additional government stimulus to counteract the ongoing property crisis, which is still impacting businesses, consumers, and investor confidence.

U.S. stocks fell further on Friday on concerns about a delayed interest rate cut. The Dow Jones Industrial Average dropped 0.86%, the Nasdaq Composite fell 1.0%, and the S&P 500 closed down 0.6%.

Domestic Markets:

Domestic shares plunged Thursday, dropping for the fifth consecutive session. The Nifty 50 closed below 22,500, battered by a brutal expiry of monthly F&O contracts. Metals, IT, and healthcare stocks led the bloodbath. Jittery investors, taking their cues from rising US interest rates, are also worried about the upcoming election results. With exit polls looming on Saturday, traders fear a steep correction if the results don't favor the current government. The S&P BSE Sensex, was down 617.30 points or 0.83% to 73,885.60. The Nifty 50 index lost 216.05 points or 0.95% to 22,488.65.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,050.15 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,432.92 crore in the Indian equity market on 30 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 43827.52 crore in May so far. They offloaded shares worth 35692 crore in April 2024.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 82 points at the opening bell.

Global Markets:

Dow Jones index futures were down 289 points, indicating a weak opening in the US stocks today.

Asian stocks fell Thursday, mirroring declines in the US after another weak Treasury sale renewed concerns about higher yields. This halt in the global risk rally comes amid data suggesting lingering inflationary pressures.

Tepid demand in the $44 billion sale of seven-year US Treasuries initially caused them to fall across the curve. This raised concerns that funding the US deficit will drive up yields, especially with the Federal Reserve unlikely to cut rates soon.

Adding to these concerns, key US inflation data is due on Friday, including the PCE price index, the Federal Reserve's preferred inflation gauge. A revised reading on first-quarter US gross domestic product data is also due on Thursday. US indices fell on Wednesday, reflecting these anxieties. The S&P 500 fell 0.7%, the NASDAQ Composite fell 0.6%, and the Dow Jones Industrial Average fell 1.1%.

Domestic Markets:

The Nifty 50 dropped for a fourth straight day Wednesday, pressured by selling in banks and financials. Pharma and healthcare offered a glimmer of hope, but the overall sentiment remained cautious. Investors are on edge ahead of election results, with retail and HNIs taking a wait-and-see approach. A bright spot is the sustained buying by domestic institutions (DIIs), hinting at their confidence in a post-election rebound. While global cues are mixed, the Nasdaq's record high injected some optimism. The barometer index, the S&P BSE Sensex slipped 667.55 points or 0.89% to 74,502.90. The Nifty 50 index declined 183.45 points or 0.80% to 22,704.40. The 50-unit index is down 1.15% in four consecutive days.

Foreign portfolio investors (FPIs) sold shares worth Rs 5,841.84 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 5,233.79 crore in the Indian equity market on 29 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 40777.37 crore in May so far. They offloaded shares worth 35692 crore in April 2024.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 40 points at the opening bell.

Foreign portfolio investors (FPIs) bought shares worth Rs 65.57 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,231.67 crore in the Indian equity market on 28 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 34935.53 crore in May so far. They offloaded shares worth 35692 crore in April 2024.

Global Markets:

Most Asian stocks fell on Wednesday, pressured by inflation worries. Chinese markets bucked the trend, edging higher on government support for the property sector.

In the US, the Nasdaq crossed 17,000 for the first time ever on Tuesday, driven by gains in Nvidia. However, the S&P 500 closed barely higher and the Dow ended lower as Treasury yields rose. Investors awaited US inflation data that could impact expectations for Federal Reserve rate cuts.

Domestic Markets:

Domestic equity benchmarks dipped slightly for a third day straight on Tuesday, ending a choppy session with limited losses. The Nifty could not hold onto morning gains and closed below 22,900. Healthcare and pharma stocks were bright spots, while real estate, PSU banks, and energy stocks dragged. This mild pullback likely reflects some profit-taking after a recent strong run. Uncertainty ahead of elections is keeping volatility high, but positive earnings surprises so far this quarter are a tailwind for valuations. The S&P BSE Sensex was down 220.05 points or 0.29% to 75,170.45. The Nifty 50 index lost 44.30 points or 0.19% to 22,888.15.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 7 points at the opening bell.

Global Markets:

Most Asian stocks traded higher on Tuesday, as investors awaited global inflation data expected to impact monetary policy.

The US market was closed on Monday, 27th May, for Memorial Day.

Domestic Markets:

Domestic equity benchmarks surged to new highs Monday, mirroring global optimism, but a late-day sell-off erased all gains. The Nifty 50 settled below the 22,950 mark after hitting the day's high of 22,110.80 in early afternoon trade. Analysts point to profit-taking ahead of next week's election results. Despite the wobble, the market remains near record highs, suggesting underlying strength. Another positive sign is the decline in FII selling. The barometer index, the S&P BSE Sensex declined 19.89 points or 0.03% to 75,390.50. The Nifty 50 index lost 24.65 points or 0.11% to 22,932.45.

Foreign portfolio investors (FPIs) sold shares worth Rs 541.22 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 922.60 crore in the Indian equity market on 27 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 35,001.10 crore in May so far. They offloaded shares worth 35692 crore in April 2024.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 15.50 points at the opening bell.

Global Markets:

Most Asian stocks rose as an easing in US consumer inflation expectations bolstered the case for the Federal Reserve to cut rates this year.

US stocks rebounded on Friday, buoyed by news of an improving consumer outlook on inflation. The Nasdaq rose for a fifth straight week, closing at a record high. The Dow Jones Industrial Average edged up slightly, while the S&P 500 gained modestly.

University of Michigan data showed that consumers expect prices to climb at a 3.3% annual rate over the next year, down from the 3.5% expected earlier in the month. This suggests that inflation pressures may be easing, which could lead the Federal Reserve to cut interest rates later this year.

Domestic Markets:

The domestic equity benchmarks ended flat Friday after a volatile session. The Nifty reached a new high of 23,026.40 during the day but gave up all its gains to close almost unchanged. Oil & gas and financial sectors did well, while FMCG and realty stocks witnessed profit booking. The broader markets also mirrored the flat performance of the benchmark indices. Overall, it was a quiet day after yesterday's strong move. The S&P BSE Sensex was, down 7.65 points or 0.01% to 75,410.39. The Nifty 50 index shed 10.55 points or 0.05% to 22,957.10.

Foreign portfolio investors (FPIs) sold shares worth Rs 944.83 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,320.32 crore in the Indian equity market on 24 May 2024, provisional data showed.

FPIs have sold shares worth over Rs 34459.88 crore in May so far. They offloaded shares worth 35692 crore in April 2024.