Pre Session
Home >> Markets >> Equity >> News >> Pre Session Detailed News
Market may open flat
(07:51, 02 Jul 2018)

Market is seen opening on a flat note tracking mixed leads from Asian market. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 3 points at the opening bell.

Overseas, Asian stocks were trading mixed, with trade tensions between the US and its trading partners still a key concern for investors.

China's official manufacturing Purchasing Managers' Index (PMI) declined to 51.5 for the month of June. The figure still came in above the 50-point level indicating growth.

In Japan, confidence among large manufacturers weakened for the second straight quarter in three months to June amid growing concerns about the potential impact of trade friction on the global economy. The main index measuring large manufacturers' sentiment was at plus 21 in the April-June period, compared with plus 24 in the previous survey in March, according to the Bank of Japan's quarterly tankan survey.

US stocks closed higher Friday, 29 June 2018, led by energy and materials sectors. Financials also rose earlier after several banks announced plans to return capital to shareholders late Thursday after the Federal Reserve released results of its annual stress test. However, financials finished in the red as investors pocketed profits toward the closing bell.

On the US data front, the personal-consumption expenditures index, the Federal Reserve's preferred inflation gauge, rose 0.2% as did the core rate that strips out food and energy. The rate of inflation over the past 12 months rose to 2.3%, the fastest pace since March 2012.

Chicago PMI climbed to a reading of 64.1 in June, up from 62.7, the fastest reading since January and the highest level in six month. Any reading above 50 indicates improving conditions. The final University of Michigan consumer sentiment index for June came in at 98.2. Thursday's data showed first-quarter growth for the US economy was trimmed to 2% from 2.2%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 157.15 crore on Friday, 29 June 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 2262.83 crore on Friday, 29 June 2018, as per provisional data.

Domestic equity market halted its two-day decline following a recovery in global stocks on Friday, 29 June 2018. The barometer index, the S&P BSE Sensex, rose 385.84 points or 1.10% to 35,423.48. The Nifty 50 index rose 125.20 points or 1.18% to 10,714.30. Market sentiment across the globe was negative over the past few weeks on worries of escalating US-China trade war.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     361.75   Down   -10.65 (-2.86%)   Asian Paints Ltd     1,304.75   Up   13.40 (1.04%)   Axis Bank Ltd     599.20   Down   -9.60 (-1.58%)   Bajaj Auto Ltd     2,799.20   Up   9.10 (0.33%)   Bajaj Finance Ltd     2,379.40   Down   -120.15 (-4.81%)   Bajaj Finserv Ltd     6,259.70   Down   -52.35 (-0.83%)   Bharat Petroleum Corporation Ltd     376.50   Up   11.45 (3.14%)   Bharti Airtel Ltd     370.50   Up   0.45 (0.12%)   Bharti Infratel Ltd     281.20   Up   10.30 (3.80%)   Cipla Ltd     653.20   Down   -7.40 (-1.12%)   Coal India Ltd     275.25   Down   -5.40 (-1.92%)   Dr Reddys Laboratories Ltd     2,556.25   Down   -50.85 (-1.95%)   Eicher Motors Ltd     27,940.20   Down   -470.30 (-1.66%)   GAIL (India) Ltd     390.15   Up   5.60 (1.46%)   Grasim Industries Ltd     1,051.15   Down   -17.05 (-1.60%)   HCL Technologies Ltd     1,084.90   Down   -2.40 (-0.22%)   HDFC Bank Ltd     1,970.25   Up   8.90 (0.45%)   Hero Honda Motors Ltd     3,175.20   Up   21.25 (0.67%)   Hindalco Industries Ltd     240.40   Up   4.75 (2.02%)   Hindustan Petroleum Corporation Ltd     258.00   Up   6.65 (2.65%)   Hindustan Unilever Ltd     1,621.30   Down   -25.80 (-1.57%)   Housing Development Finance Corporation Ltd     1,839.40   Up   8.75 (0.48%)   ICICI Bank Ltd     317.10   Down   -3.85 (-1.20%)   Indiabulls Housing Finance Ltd     1,062.15   Down   -97.10 (-8.38%)   Indian Oil Corporation Ltd     158.15   Up   4.60 (3.00%)   IndusInd Bank Ltd     1,762.45   Down   -42.20 (-2.34%)   Infosys Technologies Ltd     705.30   Down   -14.45 (-2.01%)   ITC Ltd     303.95   Up   4.30 (1.44%)   Kotak Mahindra Bank Ltd     1,180.20   Down   -46.70 (-3.81%)   Larsen & Toubro Ltd     1,329.70   Down   -3.20 (-0.24%)   Lupin Ltd     890.25   Down   -19.10 (-2.10%)   Mahindra & Mahindra Ltd     959.90   Up   11.00 (1.16%)   Maruti Suzuki India Ltd     8,040.15   Down   -170.20 (-2.07%)   NIFTY (S&P CNX)     11,143.10   Down   -91.25 (-0.81%)   NTPC Ltd     168.25   Down   -0.90 (-0.53%)   Oil & Natural Gas Corpn Ltd     180.40   Up   3.40 (1.92%)   Power Grid Corporation of India Ltd     200.40   Up   2.10 (1.06%)   Reliance Industries Ltd     1,217.50   Up   6.75 (0.56%)   State Bank of India     270.60   Down   -0.90 (-0.33%)   Sun Pharmaceuticals Industries Ltd     634.90   Down   -13.95 (-2.15%)   Tata Consultancy Services Ltd     2,103.15   Up   25.25 (1.22%)   Tata Motors Ltd     250.35   Down   -2.25 (-0.89%)   Tata Steel Ltd     625.15   Up   3.95 (0.64%)   Tech Mahindra Ltd     738.05   Down   -31.90 (-4.14%)   Titan Company Ltd     800.60   Down   -23.00 (-2.79%)   UltraTech Cement Ltd     4,069.35   Up   18.65 (0.46%)   UPL Ltd     665.80   Down   -26.50 (-3.83%)   Vedanta Ltd     230.45   Up   0.35 (0.15%)   Wipro Ltd     335.20   Up   2.50 (0.75%)   Yes Bank Ltd     226.50   Down   -92.70 (-29.04%)   Zee Entertainment Enterprises Ltd     450.85   Up   0.05 (0.01%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com