Kolkata: On the morning of June 11, most of the Asian markets were trading in the green and so was GIFT Nifty. Two of the major US indices of the total three also ended in the green on June 10. The moot question: will Indian stock market indices Sensex 30 and Nifty 50 continue to display intraday volatility today?
Even after making a gap up opening, the Indian equity market indices could not hold on to early gains and ended in the red wrapping up a session marked by volatility. The global cues were, on the whole, positive marked by the ongoing US-China trade dialogue. At the end of the day, Sensex 30 settled at 82,391.72, down 53.49 points (or 0.06%) while Nifty 50 ended at 25,104.25, up by 1.05 points.
Global markets
Two of the US indices S&P500 and Nasdaq ended trading on Tuesday by 0.50% and 0.63%, while Dow Jones declined by 0.20%. In Europe, FTSE and CAC ended in the green while DAX ended in the red on June 10. This morning Asian indices were mostly in the green. Nikkei, Hang Seng, Taiwan Weighted, Djakarta Composite, Shanghai Composite and KOSPI were in the green. Only Straits Times was trading in the red. GIFT Nifty was up 0.16% at 7:30 am.
Indian indices on June 10
On June 10, the realty index dipped 1% but IT index jumped 1.7%. The media and power index surged nearly 1%. Among the Sensex stocks Tech Mahindra (2.27%), Tata Motors (2.01%) and Infosys (1.51%) were the major gainers while Asian Paints (1.27%), Bajaj Finance (1.16%) and Tata Steel (0.99%) were the major laggards. The BSE Mid Cap and Small Cap indices rose 0.04% and 0.33% respectively. Of the 4172 stocks traded on BSE, 2232 stocks advanced, 1805 stocks declined while 135 remained unchanged.
S&P Global Ratings has said that in the next five years, India Inc could undertake an investment drive, with capital expenditure expected to double to as much as $850 billion. The sectors to leads this zest are likely to be power, electricity transmission lines, airlines, and green hydrogen sectors. Rating agency ICRA predicted that growth in the Indian hospitality sector is expected to normalise in FY26 and added that revenue for listed companies could rise by 6%-8%. Incidentally, between FY23 and FY25, the sector had continuous double-digit revenue growth.
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On the morning of June 11, most of the Asian markets were trading in the green and so was GIFT Nifty. Two of the major US indices of the total three also ended in the green on June 10. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
