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All 13 major sector indices posted gains, with FMCG up 1.5%. Thirteen of the 15 voters scored higher.
High-weight financials rose 0.3%, while information technology added 0.5%.
The broader indices also advanced in line with their larger counterparts, with midcaps rising as much as 0.88% to a new all-time high. Small caps added 0.64% to a new 52-week high.
The rebound in domestic stocks comes after data showed domestic inflation fell to a multi-year low of 4.25% in May, aided by falling food inflation and a favorable base effect. Industrial production rose 4.2% year on year in April, well above the estimated growth rate of 1.8%.
“Favourable macroeconomic data, rising chances of a Fed rate break bode well for Indian equities,” said Samrat Dasgupta, CEO of Esquire Capital Investment Advisors, adding that monsoons could be a determining factor in short-term markets trajectories. term.
Global equities rose faster than US inflation data on Tuesday and the Fed’s policy decision on Wednesday. The probability of an interest rate break was 80.4%.
Among individual stocks, Mankind Pharma rose as much as 4.73% after global brokerage JP Morgan began offering coverage with an “overweight” rating, hoping for continued market share gains and strong volume growth.
Zee Entertainment lost almost 7% after the market regulator banned its former chairman, Subhash Chandra, and general manager and chief executive, Punit Goenka, from its boards for a year, allowing the merger with local unit of Japan’s Sony delayed.
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L&T wins Rs 1000-2500 cr contract for its hydrocarbon business
Price as of June 13, 2023 12:40 PMClick on company names for their current prices.
Nikkei closes above 33,000 for the first time in 33 years
SoftBank Group Corp rose 5.25% on reports it may be partnering in an AI venture with ChatGPT operator OpenAI and that its semiconductor unit Arm is in investment talks with Intel Corp. Chip test equipment maker Advantest Corp was up 4.79%.
Shares in Tokyo end higher
Shares of Tokyo closed higher on Tuesday after Wall Street shares advanced on key economic data and central bank decisions. The benchmark Nikkei 225 index climbed 1.80 percent, or 584.65 points, to finish at 33,018.65, while the broader Topix index added 1.16 percent, or 26.02 points, to 2,264.79. The dollar gained 139.52 yen on Monday against 139.56 yen in New York.
India’s May total domestic passenger car sales 334,247 units: SIAM
Embassy Office Parks REIT | 1.1% stock block deal
These stocks are falling the most in trading today
Price as of June 13, 2023 11:56 amClick on company names for their current prices.
Ramco Systems has announced that it will deploy its Aviation Suite V5.9 for Skytek Pty; stock jumps 4%
Price as of June 13, 2023 11:44 amClick on company names for their current prices.
Granules India received ANDA approval for Metoprolol Succinate ER Tablets
Price as of June 13, 2023 11:12 amClick on company names for their current prices.
JSW Steel says consolidated crude steel production grew 7% year-on-year in May 2023.
Price as of June 13, 2023 10:55 amClick on company names for their current prices.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
On the back of better-than-expected economic news, DIIs have become big buyers over the past two days. This gives the market resilience.
Indian bond yields inches down after inflation slump
The benchmark bond yield of 7.26% in 2033 was 7.0034% as of 10am IST, after closing lower at 7.0184% in the previous session. Benchmark returns ended two basis points lower on Monday ahead of lower inflation.
EaseMyTrip opens another franchise store in Jaipur.
Price as of June 13, 2023 10:05 amClick on company names for their current prices.
Top 5 gainers in morning session
Price as of June 13, 2023 9:52 amClick on company names for their current prices.
Shares of Zee Entertainment Ltd fell as much as 6.6% on Tuesday after India’s market regulator banned its promoters from holding board positions in a publicly traded company, possibly delaying its merger with a local unit of Japan’s Sony.
Price as of June 13, 2023 9:30 amClick on company names for their current prices.
Rupee is up 3 paise to 82.40 against the US dollar in early trading.
MRF shares reached Rs 1 lakh/share mark
Top movers in opening trade
Price as of June 13, 2023 9:21 amClick on company names for their current prices.
Opening Bell: Sensex jumps 250 pts, Handy above 18,650; Zee Ent drops 4%, Thomas Cook gains 5%
Pre-Open Session: Sensex rises 50 points; Handy above 18,630
Markets may herald gains in early Tuesday trades amid a sharp overnight rally in US markets, though Asian indicators are trading mixed. Markets are growing hopeful about the US economy and interest rates and are counting on a pause in the Federal Reserve’s rate hike. The Fed’s decision to pause interest rates hinges on inflation data trickling in later today, with the consensus expecting core inflation to fall to 5.3% year on year. Technically, Nifty’s downside is seen as well supported at 18463, while bulls everywhere are likely to be only above Nifty’s all-time-high at 18888.
– Prashanth Tapse, Senior Vice President (Research), Mehta Equities
Markets Live Updates: Asian Stocks Track Wall Street Rally With Inflation Data, Fed In Focus
Asian stocks rose in early trading on Tuesday after an upbeat session on Wall Street as investors turned their attention to key US inflation numbers and the Federal Reserve’s interest rate decision this week.
Markets Live Updates: SGX Nifty signals a positive start
Convenient futures on the Singapore Exchange traded 33 points, or 0.18 percent, higher at 18,731.50, indicating that Dalal Street was headed for a positive start on Tuesday.
Tech View: Handy Shapes Doji Candle
Nifty formed a Doji candle on the daily chart – a small positive candle with small upper and lower shadows
Markets Live Updates: Tokyo Stocks Open Higher After US Gains
Tokyo shares opened higher on Tuesday after Wall Street stocks advanced on key economic data and central bank decisions. The benchmark Nikkei 225 index climbed 0.72 percent, or 234.95 points, to 32,668.95 at the open, while the broader Topix index added 0.49 percent, or 11.00. points, to 2,249.77.
S&P 500 and Nasdaq close at highest since April 2022
The S&P 500 and Nasdaq soared to their highest closing prices since April 2022 on Monday, while Oracle hit an all-time high for quarterly earnings as investors awaited inflation data and the Federal Reserve’s interest rate decision this week.
Rupee rises 4 paise against the US dollar
The rupee gained 4 paise to settle at 82.43 against the US dollar on Monday, supported by falling crude oil prices and a positive trend in domestic stocks.
Markets Live Updates: Oil prices rise on bargain hunt ahead of Fed interest rate decision
Oil prices rose on a bargain hunt on Tuesday, recovering some ground from the previous day’s plunge, but gains remained contained as investors remained cautious awaiting major policy decisions from the US Federal Reserve and other central banks.
Sensex, Handy on Mondays
As investors waited for clues from key central bank meetings in a data-heavy week, the 30-stock BSE benchmark Sensex rose 99 points, or 0.16%, to settle at 62,725. The broader NSE Nifty was up 38 points, or 0.21%, to finish at 18,601.
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Sources 2/ https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-13-june-2023/liveblog/100950764.cms The mention sources can contact us to remove/changing this article |
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