Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

8:20 AM

Brent rises to $77 per bbl post hawkish Fed minutes

8:15 AM

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Tata Power: Tata Power has received Letter of Award (LoA) to implement smart metering project in Chhattisgarh State Power Distribution Company. The value of project is Rs 1,744 crore, and the project will be spanned over a period of 10 years.

 

Adant Enterprises: According to a report, Adani Enterprises has fully repaid Rs 10 crore of commercial paper, which is unsecured, short-term debt. The company redeemed the commercial paper on July 5, which was the date of its maturity. There is no outstanding amount remaining.

 

JSW Steel, Zomato, JBM Auto: JSW Steel will replace Housing Development Finance Corporation (HDFC) in the S&P BSE Sensex effective from July 13. Moreover, JBM Auto Components will replace HDFC Ltd in S&P BSE 500 index; Zomato in S&P BSE 100 index; and Apollo Hospitals in S&P BSE Sensex 50 index. READ

 

8:05 AM

Nifty Metal, Pharma indices exhibit range-bound moves; wait for breakout

Ravi Nathani, independent market analyst shares his trading strategies for Nifty Metal and Nifty Pharma indices; check out. READ

8:00 AM

US new orders rise much lower than estimates in May

New orders for US-made goods increased $1.6 billion, or 0.3 per cent to $578 billion in May, much below expectations. 

Economists polled by Reuters had forecast orders rising 0.8%. Orders increased 1.1% through May from a year earlier.

7:56 AM

DIIs were net-sellers to the tune of Rs 439 crore on Wed

7:53 AM

FPIs bought shares worth Rs 1,603 crore Wednesday

FII flows hold momentum.

7:49 AM

Gift Nifty futures quote 30 points lower

7:45 AM

US futures unchanged ahead of services PMI, jobless claims data

7:40 AM

US Fed minutes: More rate hikes are coming

Fed officials at their June meeting decided to pause rate hike to assess the impact of 10 previous hikes but hinted further tightening is likely amid unacceptably high inflation. 

Minutes also indicate disagreement among members. All but two of the 18 participants expected that at least one hike would be appropriate this year, and 12 expected two or more.

7:35 AM

Nikkei, Hang Seng drop 1% each; lead losses in Asia

7:31 AM

US stocks slide taking cues from hawkish US Fed

7:24 AM

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