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Stock market live updates: The SGX Nifty signaled a firm start on Wednesday as it rose over 50 points to 18,745 levels

stock markets

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	<strong>Stock market highlights:</strong> Benchmark indices rose in the last hour of trade as buying emerged in heavyweights such as Reliance Industries, HDFC Bank, L&T, Infosys, Bharti Airtel, TCS, HDFC, and Axis Bank.</div>
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	The S&P BSE Sensex reclaimed the 63,000-mark in the intra-day trade, hitting a high of 63,196, before settling at 63,143, up 350 points or 0.56 per cent. The Nifty50, too, inched towards the 18,750-mark during the day before shutting shop at 18,726, up 127 points or 0.68 per cent.</div>
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	In the broader markets, the BSE MidCap and SmallCap indices advanced over 1 per cent each.</div>
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	The gains were broad-based today with all the sectoral indices closing in the green zone, led by the Nifty Metal, FMCG, and Realty indices. They gained in the range of 1 per cent to 1.6 per cent.</div>

Business Standard | Stock market live News updates today | June 07, 2023: The SGX Nifty signaled a firm start on Wednesday as it rose over 50 points to 18,745 levels

Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying

Business Standard

Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying | News on Markets - Business Standard

Australian shares marginally up as Q1 GDP numbers misses estimates

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	&gt;&gt;&nbsp;Australia&rsquo; first quarter gross domestic product expanded by 2.3 per cent year-on-year, just slightly below analyst expectations<br />
	<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/07/full/1686103138-506.PNG" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 450px; height: 176px;" title="chart" /></div>
&nbsp;of 2.4 per cent.

Japanese shares slip as rally takes a breather

Regional banking stocks drive the S&P 500 to highest level so far this year

Good morning readers! Stay tuned for live market updates with Business Standard

Stay tuned for live market updates with Business Standard

BSE Smallcap index hits record high; Aurionpro zooms 141% since May

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	Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time high on Wednesday. <a href="https://www.business-standard.com/markets/news/bse-smallcap-index-hits-record-high-  aurionpro-zooms-141-since-may-123060700206_1.html?1686113770" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Market rally, bull, markets, stocks, economy, growth" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/11/full/1610386402-0535.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Market rally, bull, markets, stocks, economy, growth" width="620" />
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			Illustration: Binay Sinha</div>
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Axis Bank joins Rs 3-trillion market cap club; stock surges 7% in one week

With a market cap of Rs 3.02 trillion, Axis Bank stood at 17th position in the overall market cap ranking of the BSE listed companies, data shows. <a href="https://www.business-standard.com/markets/news/axis-bank-joins-rs-3-trillion-market-cap-  club-stock-surges-7-in-one-week-123060700244_1.html?1686115586" target="_blank"><strong>READ MORE</strong></a><br />
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Torrent Power soars 14% on inking MoU with Maha government for three projects

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	The company has signed a MoU with the Maharashtra government for setting up three Pumped Storage Hydro Projects of 5,700 MW capacity in Maharashtra, would entail an investment of about Rs 27,000 crore. <a href="https://www.business-standard.com/markets/news/torrent-power-soars-9-on-inking-mou-with-  maharashtra-govt-for-3-projects-123060700161_1.html?1686110830" target="_blank"><strong>READ MORE</strong></a><br />
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Suzlon Energy soars 18%; hits over 5-year high on heavy volumes

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	A combined 1,121 million shares, which represented 11.1 per cent total equity of Suzlon Energy changed hands on the NSE and BSE. <a href="https://www.business-standard.com/markets/news/suzlon-energy-hits-over-5-year-high-  soars-18-on-heavy-volumes-123060700399_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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CLOSING BELL:: S&P BSE Sensex ends at calendar year high of 63,143, up 350 points

Market Check:: Sensex at day's high, up 275 points

Tata Motors m-cap tops Rs 2-trillion mark

A combined market cap of Tata Motors (Rs 1.96 trillion) and Tata Motors DVR (Rs 15,171 crore) stood at Rs 2.06 trillion, the BSE data shows. Earlier, on November 17, 2021, the combined market cap of these companies stood at Rs 1.90 trillion, according to Capitaline Plus database. <a href="https://www.business-standard.com/markets/news/tata-motors-market-cap-scales-record-high-tops-rs-2-trillion-mark-123060700311_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/03/full/1675439205-1134.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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WATCH :: Is the National Electricity Plan's goal too ambitious?

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	At 10:27 AM; with a market cap of Rs 3.02 trillion, Axis Bank stood at the 17th position in overall ranking of the BSE listed companies, data shows. <a href="https://www.business-standard.com/markets/news/axis-bank-joins-rs-3-trillion-market-cap-club-stock-surges-7-in-one-week-123060700244_1.html" target="_blank"><strong>READ</strong></a></div>
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	<img alt="Axis Bank" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/04/full/1609725479-9596.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></div>

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	Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time high today. <a href="https://www.business-standard.com/markets/news/bse-smallcap-index-hits-record-high-aurionpro-zooms-141-since-may-123060700206_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Sensex, Nifty, stock brokers" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

Torrent Power soars 9% on inking MoU with Maharashtra govt for 3 projects

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	The company has signed a MoU with the Maharashtra government for setting up three Pumped Storage Hydro Projects of 5,700 MW capacity in Maharashtra, would entail an investment of about Rs 27,000 crore. <a href="https://www.business-standard.com/markets/news/torrent-power-soars-9-on-inking-mou-with-maharashtra-govt-for-3-projects-123060700161_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Torrent Power: Long-term triggers in place" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-01/07/full/1452173247-8588.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

ONGC, Grasim, TaMo additional losers on Nifty50

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Britannia, HDFC Life, SBI Life top Nifty50 winners

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HEATMAP: Nestle leads Sensex gains; HCL Tech drags

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16861099368138.png

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OPENING BELL: Sensex opens 200 pts higher

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IKIO Lighting IPO subscribed 1.55 times of Rs 606.5 cr on Day 1 of offer

The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday. <a href="https://www.business-standard.com/markets/ipo/ikio-lighting-ipo-subscribed-1-55-times-of-rs-606-5-cr-on-day-1-of-offer-123060600834_1.html?1686107733" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="initial public offerings" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/29/full/1632858985-0659.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="initial public offerings" width="620" /></div>
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Dividend by top 10 payers more than doubles in FY23; TCS tops the table

The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22. <a href="https://www.business-standard.com/companies/news/tata-group-s-biggest-cash-cow-tcs-tops-the-dividend-league-table-in-fy23-123060600849_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Dividend" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/24/full/1624539080-183.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Dividend" width="620" /></div>
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Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power

Stocks to Watch today, June 7, 2023: Tata Power, Uniparts India, Seshasayee Paper, Marksans Pharma will turn ex-dividend on Wednesday. <a href="https://www.business-standard.com/markets/news/top-stocks-to-watch-today-adani-group-stocks-bank-of-maharashtra-bank-of-baroda-icici-lombard-jsw-ispat-mazagon-dock-torrent-power-on-tuesday-june-7-123060700112_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT: China's May exports down 7.5% YoY Vs Est 1.8% fall

&gt;&gt; China&#39;s May imports down 4.5% YoY Vs Est 8% fall<br />

WATCH VIDEO | How does Jonathan Garner view the global equity landscape?

Business Standard&rsquo;s Puneet Wadhwa caught up with JONATHAN GARNER, Morgan Stanley&rsquo;s Asia Equity Strategist to understand why he prefers Japan, Korea and Taiwan and India&rsquo;s position on his preference.<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="400" scrolling="no" src="https://www.youtube.com/embed/MhHwq6TnZp0" title="How does Jonathan Garner view the global equity landscape?" width="600"></iframe>

Hold longs in Nifty with stop loss of 18500; Hikal, Nesco bullish on charts

The breadth of the market is bullish as more than 67 per cent of the stocks are trading above their 200 DMA, says Vinay Rajani of HDFC Securities. <a href="https://www.business-standard.com/markets/news/hold-longs-in-nifty-with-stop-loss-of-18500-hikal-nesco-bullish-on-charts-123060700089_1.html?1686105895" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="market, stocks, stock market trading, stock market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390632-5682620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="market, stocks, stock market trading, stock market" /></div>
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RBI expected to pause again with markets watching for shift in stance

All 40 economists in a Bloomberg survey forecast the Indian central bank will keep the repurchase rate unchanged at 6.50% on Thursday, signaling that inflation could cool further in the months ahead. <a href="https://www.business-standard.com/finance/news/rbi-expected-to-pause-again-with-markets-watching-for-shift-in-stance-123060700088_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="reserve bank of india, rbi" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-08/26/full/1598462310-1429.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="reserve bank of india, rbi" width="620" /></div>
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Adani stocks still reeling from losses inflicted by Hindenburg report

While two of Adani&#39;s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. <a href="https://www.business-standard.com/companies/news/adani-stocks-still-reeling-from-losses-inflicted-by-hindenburg-report-123060700110_1.html?1686105895" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Adani, Adani Group" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/15/full/1676425501-5556.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Adani, Adani Group" width="620" /></div>
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Book profits in Nifty FMCG and await clear direction in Nifty Metal index

Nifty FMCG is in the overbought zone, indicating that it is expected to trade sideways or experience a timewise or a pricewise correction, says Ravi Nathani. <a href="https://www.business-standard.com/markets/news/book-profits-in-nifty-fmcg-and-await-clear-direction-in-nifty-metal-index-123060700096_1.html?1686105895" target="_blank"><strong>READ MORE</strong></a><br />
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DIIs offloaded equities worth Rs 489 crore on Tuesday, June 2

FIIs bought equities worth Rs 385 crore on Tuesday, June 6

All eyes on Chinese trade data for May; experts peg exports to decline MoM

&gt;&gt; According to a Reuters poll, China&rsquo;s exports are expected to plunge from growth of 8.5 per cent in April to a decline of 0.4 per cent in May.<br />
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	<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/07/full/1686105215-0104.PNG" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 450px; height: 178px;" title="chart" /></div>
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Hang Seng index rises over 1% this morning

World Bank offers dim outlook for global economy on higher interest rates

That&#39;s the latest outlook of the World Bank, a 189-country anti-poverty agency, which estimates that the international economy will expand just 2.1% in 2023 after growing 3.1% in 2022. <a href="https://www.business-standard.com/world-news/world-bank-offers-dim-outlook-for-global-economy-on-higher-interest-rates-123060600923_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Coinbase Inc nosedives 12% after US SEC sues exchange for violating securities law

Saudi Arabia is slashing oil supply, higher gas prices for US drivers

Calling the reduction a lollipop, Saudi Energy Minister Abdulaziz bin Salman said at a news conference that we wanted to ice the cake. <a href="https://www.business-standard.com/world-news/saudi-arabia-is-slashing-oil-supply-higher-gas-prices-for-us-drivers-123060601035_1.html?1686103540" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="gas" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-01/22/full/1674404791-0224.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="gas" width="620" /></div>
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Price of Brent Crude, WTI Crude flat; Brent at $76/bbl

<em>source: oilprice.com</em><br />
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Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying

CLOSING BELL, JUNE 7, 2023: The frontline indices ended at 6-month highs

Australian shares marginally up as Q1 GDP numbers misses estimates

Japanese shares slip as rally takes a breather

Regional banking stocks drive the S&P 500 to highest level so far this year

Good morning readers! Stay tuned for live market updates with Business Standard

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