Stock Market Update Today: Amid mixed global signals, buying is being seen in the domestic stock market today. In today’s trading, both Sensex and Nifty indices have strengthened. Sensex is showing a rise of about 200 points, while Nifty has come close to 22550. In today’s business, buying is being seen in most of the sectors. On Nifty, Bank, Auto, Financial, FMCG, Metal, Pharma and Realty indices are trading in the green. At present, Sensex is seeing a rise of 201 points and it is trading at the level of 74,079. While Nifty is trading at the level of 22,533 after falling 57 points. Today’s top gainers include KOTAKBANK, TATASTEEL, BAJFINANCE, HCLTECH, TECHM, TCS. While the top losers include TITAN, SBI, BAJAJFINSV, POWERGRID, LT.
Global signals mixed
Today global signals seem mixed for the domestic stock market. Today a mixed trend is being seen in Asian markets. Earlier on Friday, American markets had closed strongly. On Friday, Dow Jones Industrial rose by 450 points and closed at the level of 38675.68. NASDAQ Composite had a gain of 315 points and closed at the level of 16156.33. While the S&P 500 index increased by about 64 points and closed at the level of 5127.79. Labor data in the US was weaker than expected. This has increased expectations of Fed cutting interest rates this year.
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May 06, 2024 09:51 IST
Tata Motors, MM
Mahindra & Mahindra (M&M) and Tata Motors have received a record number of patent approvals related to product and process innovations in the last financial year. M&M got 674 approvals, which is its best performance in a year. At the same time, Tata Motors has also received 333 patent approvals during the financial year 2023-24.
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May 06, 2024 09:51 IST
Titan Company News
The profit of Titan Company has increased by 5 percent to Rs 771 crore in the March quarter of the last financial year. The company’s profit in the same quarter a year ago was Rs 736 crore. The total income of the company increased to Rs 11,472 crore in the March quarter, which was Rs 9,419 crore in the same quarter last year. The company’s profit for the entire financial year 2023-24 was Rs 3496 crore.
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May 06, 2024 09:50 IST
Ban on NSE under F&O
NSE has included Balrampur Chini Mills and GMR Airports Infrastructure in the F&O ban list for May 6. Whereas Aditya Birla Fashion & Retail, Biocon and Vodafone Idea have been retained in this list. Banned securities under the F&O segment include those companies where the derivative contracts exceed 95 per cent of the market-wide position limit.
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May 06, 2024 09:50 IST
FII and DII data
According to NSE provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 2,391.98 crore on May 3. While domestic institutional investors (DIIs) invested Rs 690.52 crore.
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May 06, 2024 09:47 IST
FII and DII data
According to NSE provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 2,391.98 crore on May 3. While domestic institutional investors (DIIs) invested Rs 690.52 crore.
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May 06, 2024 09:01 IST
Labor data weaker than expected
Nonfarm-payrolls data was released in the US on Friday, in which labor data was weaker than expected. This has increased expectations of Fed cutting interest rates this year. However, the inflation rate is still above the target of 2 percent.
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May 06, 2024 09:01 IST
Brent crude crosses $83
The 10-year bond yield in America is around 4.50 percent, while the dollar index remains above the level of 105. Crude has softened due to high levels. Benchmark Brent crude is trading at $83.22 per barrel. Whereas WTI crude is around $78.38 per barrel.
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May 06, 2024 09:00 IST
Mixed trend in Asian markets
Today a mixed trend is being seen in Asian markets. Talking about Asia, GIFT NIFTY is flat while Nikkei 225 is showing a decline of 0.10 percent. There is a gain of 0.41 percent in Strait Times while there is a weakness of 0.03 percent in Hang Seng. Taiwan Weighted has strengthened by 1.19 percent while Kospi has declined by 0.26 percent. Shanghai Composite has strengthened by about 1.01 percent.
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May 06, 2024 09:00 IST
Dow Jones closed 450 points higher,
American markets closed strongly on Friday. On Friday, Dow Jones Industrial rose by 450 points and closed at the level of 38675.68. NASDAQ Composite had a gain of 315 points and closed at the level of 16156.33. While the S&P 500 index increased by about 64 points and closed at the level of 5127.79. Labor data in the US was weaker than expected. This has increased expectations of Fed cutting interest rates this year.
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