The domestic stock market saw a boom on Thursday. The BSE Sensex increased 208.31 points at 9.17 am to 83,618.00 and Nifty increased by 55.20 points to 25,508.60. In the initial session of the business, the Nifty IT and Nifty Metal Index were the top performance regional index, each of which recorded a 0.6 percent increase. In the initial stages, Asian Paints, Tata Steel, Infosys, Mahindra & Mahindra, Eaterial and Tata Motors were the most profitable among the Sensex companies. However, Kotak Mahindra Bank, Bajaj Finance, Trent and Bajaj Finner lagged behind.
Everyone’s eye on non-agricultural payroll data in America
According to PTI news, markets are waiting for an important trigger to take Nifty to their all -time high levels of 26,277. Prashant Tapase, Senior Vice President (Research), Mehta Equality Limited, said that all have their eyes on the non-agricultural payroll data coming in the US in June. Weak figures can revive expectations of deducting interest rates of Fed, while strong figures can reduce them.
VK Vijaykumar, the main investment strategist at Geojit Investments Limited, said the Nifty is likely to trading within a radius of 25,200-25,800 for some more time, until a trigger breaks the scope. Positive triggers can be found from a possible Indo-US trade deal to be announced in a few days.
How is the trend in the world markets
According to CNBC, the Vietnamese stock market reached its highest level in three years among investors waiting for the details of the US-Vietnam trade agreement announced by President Donald Trump on Wednesday. The US is imposing 20% tariffs on goods imported from South-East Asian nation, while Vietnam will impose zero tariffs. Japan’s benchmark Nikkei fell 225, 0.15% and topics 0.21%. South Korea’s Kospi increased by 0.77% and a small-cap cosedack by 0.5%. On the other hand, Australia’s S&P/ASX 200 increased by 0.13%. Hong Kong’s Hangseng index fell 0.64%, while CSI of the mainland China rose 0.14%.
Global oil benchmark Brent crude fell 77 percent to $ 68. 58 per barrel. Foreign institutional investors (FIIs) on Wednesday 1,561. Sold shares worth Rs 62 crore.
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