Sensex ends 174 pts up, Nifty near 15,800; IT, pharma indices hit new peaks
Backed by firm global cues, the frontline S&P BSE Sensex hit an all-time-high of 52,641.5 while the broader Nifty50 index claimed 15,835.5-mark in morning deals
8:41 AM
Osho Krishan of Anand Rathi is bullish on HUL, PowerGrid; here's why
BUY HINDUSTAN UNILEVER | TARGET: Rs 2,500 | STOP LOSS: Rs 2,300
Hindustan Unilever is placed in an upward trending channel on the weekly time frame, in which it is currently placed near the lower line; historically, this has acted as a strong support base for the stock. Also, on the daily time frame, the stock is hovering near 21 DEMA and is in the cycle of higher highs higher bottoms on a wider time frame. In addition, the counter has declared a dividend of Rs 17 for which the ex-date is June 14 and this could trigger further demand in near future too. READ MORE
8:37 AM
Bulk deals on the NSE :: SI Investments buys stake in BF Utilities
8:34 AM
Healthy FII buying supported the indices on Thursday
8:31 AM
Rupee check
Source: Bloomberg
8:28 AM
Oil trims gains, but heads for third weekly rise on demand recovery
Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs.
Brent crude futures fell 23 cents, or 0.3%, to $72.29 a barrel at 0145 GMT, reversing most of Thursday's climb to its highest close since May 2019. U.S. West Texas Intermediate (WTI) crude futures slipped 22 cents, or 0.3%, to $70.07 a barrel, after climbing 0.5% on Thursday to its highest close since October 2018. Brent is set for a gain of 0.5% this week while WTI is set to climb 0.6%.
(Source: Reuters)
8:26 AM
Asia extends global stocks rally
A broad gauge of Asian shares rose on Friday as investors saw enough one-off factors in U.S. consumer price data to back the Federal Reserve's conviction that rising inflation will be transitory.
In morning trade in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.18%. Japan's Nikkei gave up early gains to turn 0.11% lower. Seoul's Kospi was up 0.32%, Australian shares added 0.14% and Hong Kong's Hang Seng index gained 0.53%.
8:25 AM
Wall Street ends on a firm footing
Wall Street stocks ended higher in overnight trade, with the S&P 500 closing above its prior record high set on May 7, as economic data appeared to support the Federal Reserve's assertion that the current wave of heightened inflation will be temporary.
The consumer price index (CPI) data came in above consensus but a closer look showed that much of the price surge was from items such as commodities and airfares, and is therefore likely to be temporary.
The Dow Jones Industrial Average rose 0.06%, the S&P 500 gained 0.47% and the Nasdaq Composite added 0.78%.
8:04 AM
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Topics : MARKET LIVE Markets Sensex Nifty50 MARKET WRAP
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First Published: Jun 11 2021 | 8:04 AM IST