Trends on SGX Nifty indicate a positive opening for the index in India with 78 points gain.
The BSE Sensex was down 85.40 points at 51,849.48, while the Nifty50 rose 1.30 points to 15,576.20.
Trends on SGX Nifty indicate a positive opening for the index in India with 78 points gain.
The BSE Sensex was down 85.40 points at 51,849.48, while the Nifty50 rose 1.30 points to 15,576.20.
According to pivot charts, the key support levels for the Nifty are placed at 15,491.5, followed by 15,406.8. If the index moves up, the key resistance levels to watch out for are 15,629.2 and 15,682.2.
US Markets
Wall Street's main indexes posted slim gains on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called "meme stocks."
The Dow Jones Industrial Average rose 25.07 points, or 0.07%, to 34,600.38, the S&P 500 gained 6.08 points, or 0.14%, at 4,208.12 and the Nasdaq Composite added 19.85 points, or 0.14%, to 13,756.33.
Asian Markets
Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3% to 711 points. It went as high as 712.57 on Wednesday, a level not seen since early March.
Japan's Nikkei added 0.4%. Australian shares climbed to all-time highs as investors cheered stronger-than-expected economic growth data released on Wednesday. read more
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 78 points gain. The Nifty futures were trading at 15,708 on the Singaporean Exchange around 07:30 hours IST.
Dogecoin surges 28% as Elon Musk posts another crypto meme
Emerged in 2013 as a joke coin, cryptocurrency Dogecoin on June 2 surged by 28.66 percent, and was trading at $0.419919, as per to US-based crypto exchange Coinbase at 3:55 pm. With this, its market valve reached to $54.47 billion in 24-hours trading tenure.
The crypto trading exchange shows that Dogecoin 24-hour high record was $0.419919, while its 24-hours low trading was registered at $0.311602.
Mukesh Ambani says Reliance now has strong balance sheet to support growth
After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm's Chairman and Managing Director Mukesh Ambani.
In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- the unit that houses its telecom and digital business and retail arm for almost Rs 2 lakh crore and raised another Rs 53,124 crore through rights issue.
"We now have a strong balance sheet with high liquidity that will support growth plans for our three hyper-growth engines -- Jio, Retail and O2C," he said.
Amid hiring troubles, rising prices, U.S. growth gains speed -Fed
The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic conditions.
The economy grew at a "somewhat faster rate" from early to late May, the Fed reported in its Beige Book summary of anecdotal reports about the economy on Wednesday, with officials noting "the positive effects...of increased vaccination rates and relaxed social distancing measures."
FII and DII data
Foreign institutional investors (FIIs) net acquired shares worth Rs 921.10 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 241.76 crore in the Indian equity market on June 2, as per provisional data available on the NSE.
Stocks under F&O ban on NSE
Three stocks - Bank of Baroda, SAIL, and Sun TV Network - are under the F&O ban for June 3. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.