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Net equity mutual fund inflows surged 26% to ₹28,973 crore in June
Despite bouts of volatility, the equity market ended June on a positive note, with the Nifty50 gaining 1.4 per cent as easing oil prices and receding tensions in West Asia lifted sentiment
Dollar index adds strength as renewed tensions between US and Iran drive inflation concerns
Dollar index is adding strength on Wednesday morning in Asia following renewed tensions between US and Iran. Reported US air strikes on Iran following recent attacks on ships transiting the Strait of Hormuz drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes has kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. The dollar index that measures the greenback against a basket of currencies is quoting at 100.88, up marginally on the day. The yield on the US 10-year Treasury note remained near a one-month high of around 4.55% on Wednesday after climbing sharply in the previous session.
Indian Rupee loses momentum as international oil prices and dollar firms up
The Indian rupee lost momentum in opening trades on Wednesday as international oil prices and dollar firmed up following renewed tensions between US and Iran. Reported US air strikes on Iran drove oil prices higher, fueling inflation concerns and reinforcing expectations of interest rate hikes that kept dollar index upbeat. Meanwhile, investors also wait for the minutes of the Federal Reserves June meeting for additional insight into the policy outlook. INR opened at Rs 95.15 per dollar and hit a low of 95.19 so far during the day. Local equities are also seen in negative tracking global peers on concerns that the AI-fueled rally in chipmakers may be losing momentum. The Nifty 50 has fallen below 24,250 while the BSE Sensex has tumbled over 550 points, trading around the 77,60077,800 range. Yesterday, rupee appreciated 48 paise to close at 94.95 against the US dollar, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
Gold near one-week low, silver extends losses: Key factors behind the fall
Gold and silver prices fell due to a stronger US dollar, rising oil prices, and increased expectations of a September US Federal Reserve rate hike.
Dixon Tech, Coforge, 8 other stocks among Motilal’s non-Nifty ideas ahead of Q1 results
Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are also highlighted for their future performance.
From Gift Nifty, crude oil prices to gold rate: 8 key things that changed for Indian stock market over weekend - livemint.com
From Gift Nifty, crude oil prices to gold rate: 8 key things that changed for Indian stock market over weekendlivemint.com
Petronet LNG Ltd drops for fifth straight session
Petronet LNG Ltd is quoting at Rs 276.75, down 0.84% on the day as on 13:19 IST on the NSE. The stock tumbled 8.03% in last one year as compared to a 4.93% slide in NIFTY and a 9.07% spurt in the Nifty Energy index.
Indian Oil Corporation Ltd spurts 1.49%
Indian Oil Corporation Ltd is quoting at Rs 141.92, up 1.49% on the day as on 12:49 IST on the NSE. The stock is down 4.02% in last one year as compared to a 5.02% drop in NIFTY and a 9.03% drop in the Nifty Energy index.
Bharat Petroleum Corporation Ltd spurts 2.01%, up for third straight session
Bharat Petroleum Corporation Ltd is quoting at Rs 310.3, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 6.4% in last one year as compared to a 5.02% fall in NIFTY and a 9.03% fall in the Nifty Energy index.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying CDSL, Indian Hotels shares on 2 July
Indian stock indices Sensex and Nifty 50 rose on Thursday, boosted by falling crude oil prices after US-Iran negotiations. Nifty 50 gained 0.23%, while Sensex increased by 0.21%. Continued sideways trading seen, with key resistance at 24,100-24,200 and support at 23,850-23,800
Oil & Natural Gas Corpn Ltd down for fifth straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 232.05, down 0.45% on the day as on 13:19 IST on the NSE. The stock tumbled 4.98% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index.
Aegis Logistics Ltd soars 2.66%, up for third straight session
Aegis Logistics Ltd is quoting at Rs 1171, up 2.66% on the day as on 12:49 IST on the NSE. The stock is up 50.94% in last one year as compared to a 6.16% jump in NIFTY and a 8.08% jump in the Nifty Energy index.