Sensex, Nifty advances in the first exchanges; strong width

The main benchmarks are trading companies at the start of trade on the request to buy index pivots. At 9:25 am IST, the barometer index, the S&P BSE Sensex, was up 310.31 points or 0.59% to 52,794.98. The Nifty 50 index gained 92.55 points or 0.59% to 15,814.75. The Nifty regained the 15,800 mark when the trade opened. Asian stocks are trading mixed.

The S&P BSE Mid-Cap Index was up 0.25%. The S&P BSE Small-Cap Index was up 0.65%.

The breadth of the market, indicating the overall health of the market, is strong. On BSE, 1,952 stocks rose and 674 stocks fell. In total, 119 shares remained unchanged.

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HCL Technologies rose 0.74%. HCL Technologies announced a multi-year agreement with Fiskars Group, comprised of a family of lifestyle brands including Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford and Wedgwood. As a partner, HCL will enable Fiskars to standardize and harmonize its IT and business processes, drive business model transformation and increase overall digital maturity.

Avenue Supermarts gained 2.31%. Avenue Supermarts said its own-source operating income increased to Rs 5,031.75 crore in the first quarter of June 2021, from Rs 3,833.23 crore in the first quarter of June 2020, recording year-over-year growth of 31.27%.

CSB Bank fell 1.5%. CSB Bank said its total deposits increased 14.17% to Rs 18,652.80 crore as of June 30, 2021, from Rs 16,337.95 crore as of June 30, 2020.

Indian Hume Pipe Company rose 3.6%. Indian Hume Pipe Company received the Letter of Acceptance for the work of approximately Rs. 257.60 crore (including GST) from Madurai City Municipal Corporation for the dedicated water supply program to Madurai City Municipal Corporation for the construction of ‘a distribution network system (DI and HDPE), House service connections and instrumentation for the municipal company of the city of Madurai added Area-Package-4.

DCB Bank rose 1.55%. DCB Bank announced on Saturday (July 3) a downward revision of the marginal cost of funds (MCLR) lending rate by 4 basis points on different maturities.

Wonderla Holidays jumped 4.37%. Wonderla Resort in Bangalore is expected to reopen from July 5, 2021 with 50% capacity as a crowd control measure.

Global markets:

Overseas, Asian stocks are trading mixed on Monday after US stocks rallied further amid speculation that the Federal Reserve has the option of continuing to provide substantial stimulus support.

A private survey of China’s service sector activity in June showed that growth slowed sharply in June to a 14-month low. The Caixin / Markit Service Purchasing Managers Index for June, released on Monday, stood at 50.3, a significant drop from the reading of 55.1 in May.

US markets will remain closed on Monday for Independence Day.

US stocks rose for a second straight week to end on Friday, with all three benchmarks at new all-time highs before heading into a long holiday weekend, after a better-than-expected monthly jobs report as the economy rebounds from the COVID pandemic.

The United States created 850,000 jobs in June, marking the biggest monthly gain since March, and job gains in May edged up to 583,000 from 559,000. Unemployment rose to 5.9% in May. June compared to 5.8% in May.

Excluding employment data, a reading of factory orders for May showed an increase of 1.7%, following a revised 0.1% drop the month before, the Commerce Department said on Friday. Factory orders have increased in 12 of the past 13 months.

Meanwhile, the Organization of the Petroleum Exporting Countries and Russia, members of the group known as OPEC +, on Friday again delayed a decision on easing production restrictions put in place to help stabilize prices. crude price.

The oil move comes as the group tries to balance the aftermath of the COVID pandemic on energy demand and concerns about the impact of coronavirus variants in parts of the world versus expectations of more demand. high as many economies emerge from lockdowns and stay-at-home protocols in place to limit the spread of the pandemic.

Back home, domestic equity barometers ended with decent gains on Friday. The barometer index, the S&P BSE Sensex, rose 166.07 points or 0.32% to 52,484.67. The Nifty 50 index gained 42.20 points or 0.27% to 15,722.20.

Foreign portfolio investors (REITs) sold stocks worth Rs 982.80 crore, while domestic institutional investors (DII) were net buyers to the tune of Rs 930.39 crore in the Indian stock market on July 2, according to provisional data.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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