Market overview: Taking hints from the gift Nifty, trading around 25,565, this morning, the Indian benchmark index Sensex and Nifty have started positive today. Currently, the Nifty is seen at 25,521.85 with a gain of 65.50 points, or 0.26 per cent. At the same time, the Sensex is trading around 83,620 with a gain of 214.37 points, or 0.26 per cent.
On July 2, the Indian benchmark index closed down in the fluctuating session, the Nifty was below 25,500 amidst realty and selling in financial companies. At the end of trading, the Sensex fell at 83,409.69 at 83,409.69 and the Nifty fell at 25,453.40 at 83,409.69 and the Nifty closed at 25,453.40.
Stay with Moneycontrol to know what is happening in currency and equity markets today. Here we are releasing a list of such important news on all the news platforms that can affect Indian and international markets.
DMART Q1 update: 16% growth in revenue
Avenue Supermarts has given good updates for Q1. About Rs 15,930 crore is expected to revenue with a growth of 16 per cent on an annual basis. By June 30, the total number of stores has increased to 424.
PNB’s Q1 Deposit Growth Over 12%, Indian Bank’s loan growth was 11%
PNB’s deposit growth has been more than 12% in the first quarter. At the same time, the loan has gained about 10%. At the same time, the deposits of Indian Bank have increased by 9% and the loans have increased by 11%.
US-Vietnam Deal and its impact analysis
Textile shares are eyeing today. These may affect the US-Vietnam trade deal. Vietnam will give 20% tariff on its product while the US goods will have zero tariffs.
Questions raised on Vedanta’s disorder
The Ministry of Petroleum has objected to Vedanta’s disorder. During the hearing at NCLT, SEBI has also said that the Compliance of Vedanta is being investigated. The next hearing will be held on 20 August. The company plans to divide the business into 5 different units.
Large block deal possible in Nykaa today
Nykaa has a block deal of Rs 1,200 CR today. Indra Banga and Harindarpal Singh Banga sold 2.1%. The floor price of this deal is Rs 200 per share.
Opportunity to convert physical shares into demat
There is a chance to convert physical shares into demat. For this, SEBI has opened a 6 -month special window. Physical shares can be converted to Demat between July 7 and January 6.
Market Today: Bazaar has a flat start, Q1 results are seen, these levels will be important for today
Gift nifty
Gift Nifty is trading with an increase around 25,565, which is a good sign for today. Currently, the gift Nifty is trading with a gain of 92.00 points or 0.36 per cent around 10 pm.
Asian market
Today, mixed business is being seen in Asian markets. The gift Nifty is trading with a gain of 0.36 per cent. At the same time, Nikkei is trading with a gain of about 0.06 percent. The Straight Times showed a weakness of 0.19 percent. While Taiwan’s market is trading by growing 0.76 percent. While Hangseng is trading with a decline of 0.97 per cent. At the same time, Kospi is a rise of 1.00 per cent. At the same time, Shanghai Composite is showing a slight increase of 0.07 percent.
American market
On Wednesday, S&P 500 and Nasdaq closed at record high. The increase in technology stocks and the trade agreement between the US and Vietnam reduced the concern of long -standing trade tensions. The S&P 500 index rose 29.41 points or 0.47% to 6,227.42 and Nasdaq Composite rose 190.24 points or 0.94% to 20,393.13. Dow fell 10.52 points or 0.02% to 44,484.42.
Trump’s trade deal
Announced the deal with Vietnam. The US will get tariffs at 20%. In Vietnam, US items were ‘0’ Transaction goods will also be charged 40% tariffs. The first Trump imposed a 46% recipe tariff. Last year, $ 137 billion was imported from Vietnam. The announcement of the deal has climbed clothes, furniture shares in Vietnam.
Delay in ‘One Big Beautiful Bill’
The bill is stuck in the American House of Representatives. Some Republican leaders are still opposing the bill. Trump met several MPs on Tuesday. Trump will meet some more leaders on Wednesday. The Senate approval was necessary again when the bill changes. Trump wants to pass the bill before the deadline of July 4.
Some important figures for the market
The US dollar remains below the index 97. Crude oil climbed 3% after the Vietnam deal. Gold prices continue to rise due to weak private job data. The UK bond market declined due to financial concerns. The American bond market will be monitored.
Important figures of US will come today
Initial jobless claims, non-farm parols and trade deficit and services PMI data will come today.
FII and Dii Fund Flow
Foreign institutional investors (FIIs) sold equity worth Rs 1561 crore on July 2, while domestic institutional investors (DIIs) purchased equity worth Rs 3036 crore on the same day.
