Nifty 50 Traded Near 10900, Sensex Up 300 points

The Nifty 50 traded near 10,900. Asian stocks began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth. US equity futures edged up with stocks in Japan and Australia, while shares slipped in Shanghai and Hong Kong. Oil prices climbed after US drilling activity fell to its lowest level in about two months.

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Yestday STBT Call Rocking Watch Nifty, Bank Nifty And Future Stocks – Enjoy Tons of Money

Yestday STBT Call Rocking Watch Nifty, Bank Nifty And Future Stocks - Enjoy Tons of Money

Yestday STBT Call Rocking Watch Nifty, Bank Nifty And Future Stocks – Enjoy Tons of Money

The Indian rupee (INR) fell sharply against the US dollar (USD) today after the shock exit of RBI governor Urjit Patel, who announced his resignation on Monday. The rupee was trading at 72.46 against the US dollar, down 1.5%, as compared to yesterday’s close of 71.32. The dollar also gained other currencies, putting further pressure on the rupee. The abrupt resignation of RBI chief has raised worries about further outflows from Indian markets. The counting of votes in five states began today from 8 am. Early trends indicate a tight race between BJP and Congress in Madhya Pradesh while Congress ahead in Rajasthan.

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HDFC AMC, Sun Pharma, Wipro, Cipla, IndiGo

Equity benchmarks in Japan and South Korea were little changed as trading began, while Australian stocks declined. Futures indicated Hong Kong shares would nudge higher after sliding into a bear market. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.3 percent higher at 11,349.50 as of 7:20 a.m.

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Stock Market : Bharti Airtel, ITC, Maruti Suzuki, PNB Housing Finance, Syngene

Gold Silver Reports – Live Stock Market News – Equities in Tokyo and Seoul advanced after the S&P 500 Index hit an all-time high, with the two sides agreeing to suspend new tariffs while negotiating over trade.           

Asian stocks climbed, tracking gains in U.S. shares, after U.S. President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war. The yen climbed and the dollar retreated.              

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Stocks Market To Watch: ACC, HDFC Bank, Hindustan Zinc, UPL, Wipro, Just Dial

✅ UPL Ltd. to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.  

✅ Wipro guided for IT services revenues to be in range of $2,009 million to $2,049 million in the second quarter. The company will acquire U.S.-based Alight Solutions’ India operations for $117 million.   

✅ Just Dial approved buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 each. The buyback amount to not exceed Rs 220 crore.      

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Stocks Market : Indian Overseas Bank, Poddar Housing, SH Kelkar, DFM Foods

✅ DFM Foods to consider for stock split on Aug. 6.  

✅ Poddar Housing and Development acquires 5,800 square metres land in Pune, with a saleable area of 1.4 lakh square feet.   

✅ Indian Overseas Bank receives communication for infusion of Rs 2,157 crore by the government.   

✅ SH Kelkar expects revenue growth this quarter to be moderate.

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