Stock Market Updates Today :Amid mixed global signals, the domestic stock market made an all-time high today. In today’s trading, both the Sensex and Nifty indices reached record levels. In today’s trading, Nifty touched the top level of 23481. While the Sensex touched an all-time high of 77145 today. In today’s trading, Bank, Financial, Auto, FMCG, IT, Pharma, Realty and Metal indices are trading in the green on Nifty. Currently, the Sensex is seeing a rise of 392 points and is trading at the level of 76,999. While the Nifty is trading at the level of 23,481, up 158 points. Today’s top gainers include Nestle, Tata Motors, Infosys, M&M, HCL Tech, AXIS Bank, TATA Steel. While the top losers include HUL, ICICI Bank.
Global signals are mixed
Today, global signals are mixed for the domestic stock market. Buying is being seen in major Asian markets in today’s trading. Earlier on Wednesday, the US markets closed mixed. On Wednesday, the Dow Jones Industrial fell by 35 points and closed at the level of 38712.21. The NASDAQ Composite rose by 265 points and closed at the level of 17608.44. While the S&P 500 index closed at the level of 5421.03, up by about 46 points. The US Fed did not change the interest rates for the 7th consecutive time. However, there are indications of a rate cut once in 2024.
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June 13, 2024 09:25 IST
Big stocks rise
Today, large cap stocks are in a boom. 29 of the 30 Sensex stocks are trading in the green.
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June 13, 2024 09:23 IST
PTC India News
SEBI passed an order in the PTC India Financial Services case, where it imposed a fine of Rs 25 lakh on Pawan Singh and barred him from holding the position of director in a listed company for 2 years.
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June 13, 2024 09:22 IST
Nestle India News
Nestle India will continue to pay royalty to its parent company at the current rate of 4.5 percent of net sales. The company’s shareholders have rejected the proposal to increase the royalty. Nestle India said in a statement that the board of directors of the company in its meeting approved the continuation of payment of general license fee (royalty) to Societe des Produits Nestle SA (licensor) at the current rate of 4.5 percent and recommended the same to the members of the company for their approval.
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June 13, 2024 09:15 IST
Paytm News
IRDAI has accepted the withdrawal of the application of its subsidiary for registration as a ‘general insurance company’. Paytm will now focus on insurance distribution instead of insurance manufacturing.
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June 13, 2024 09:14 IST
Axis Bank Ltd
The FIU has imposed a fine of over Rs 1.66 crore on Axis Bank for failing to establish a mechanism to detect and report suspicious transactions made at one of its branches by opening a fraudulent account in the name of the anti-terrorism commando force NSG. The federal agency issued an order under Section 13 of the PMLA on June 3.
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June 13, 2024 08:49 IST
US Fed Policy
The US Fed did not change the interest rates for the 7th consecutive time in the policy. However, Chairman Jerome Powell has reiterated the talk of a rate cut in the year 2024. It is believed that an aggressive rate cut will be seen in 2025.
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June 13, 2024 08:48 IST
Brent Crude Prices
Due to increase in reserves in America, pressure has been seen on the prices of Brent crude. In the international market, crude is trading around $ 82 per barrel. Whereas WTI crude remains above $ 78 per barrel.
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June 13, 2024 08:47 IST
Shopping in Asian markets
Buying is being seen in major Asian markets in today’s trade. Talking about Asia, GIFT NIFTY is up by 0.01 percent while Nikkei 225 is down by 0.12 percent. Strait Times is up by 0.46 percent and Hang Seng is up by 0.42 percent. Taiwan Weighted has strengthened by 0.77 percent while Kospi is up by 1.23 percent. While Shanghai Composite has weakened by about 0.33 percent.
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June 13, 2024 08:47 IST
Dow Jones closed down by 35 points
The US markets closed mixed on Wednesday. On Wednesday, the Dow Jones Industrial fell by 35 points and closed at 38712.21. The NASDAQ Composite rose by 265 points and closed at 17608.44. While the S&P 500 index closed at 5421.03, up by about 46 points. The US Fed did not change the interest rates for the 7th consecutive time. However, there are indications of a rate cut once in 2024.
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