Market Savera - 02/07/2024
Update: 2024-07-02
Description
The S&P 500 closed higher Monday, supported by tech as stocks kicked off the second half of the year ahead of a crucial monthly jobs report due later this week.
The HSBC India Manufacturing PMI rose to 58.3 in June compared with 57.5 in the previous month, as domestic demand helped push new orders. Employment generation recorded the fastest pace since March 2005.
Passenger Vehicle (PV) wholesales in India during June 2024 witnessed 3.67 percent growth at 3,40,784 units as against 3,28,710 units dispatched during June 2023.
The GST collections in June continue to maintain the momentum at Rs 1.74 lakh crore, as the May collections were recorded at Rs 1,72,739 crore.
DCX Systems received an order worth Rs 1250 crore from L&T
NCC secured orders worth Rs 355 crore
Coal India’s production grows 8% in April-June
Asian stocks fluctuated in a narrow range as traders weighed the possibility of another Donald Trump presidency in the wake of his debate with Joe Biden last week.
Recovering losses from the last session, Nifty settled at record closing high on July 01 on the first day of the week/month/quarter. At close, Nifty was up 0.55% or 131.4 points at 24141.9. Nifty closed at another record high on July 01. The Nifty could soon breach the previous day’s high of 24174 and head towards 24,380. The level of 23889 could provide support in the near term.
Indian markets could open flat to mildly higher, in line with mixed Asian markets today and higher US markets on July 01
The HSBC India Manufacturing PMI rose to 58.3 in June compared with 57.5 in the previous month, as domestic demand helped push new orders. Employment generation recorded the fastest pace since March 2005.
Passenger Vehicle (PV) wholesales in India during June 2024 witnessed 3.67 percent growth at 3,40,784 units as against 3,28,710 units dispatched during June 2023.
The GST collections in June continue to maintain the momentum at Rs 1.74 lakh crore, as the May collections were recorded at Rs 1,72,739 crore.
DCX Systems received an order worth Rs 1250 crore from L&T
NCC secured orders worth Rs 355 crore
Coal India’s production grows 8% in April-June
Asian stocks fluctuated in a narrow range as traders weighed the possibility of another Donald Trump presidency in the wake of his debate with Joe Biden last week.
Recovering losses from the last session, Nifty settled at record closing high on July 01 on the first day of the week/month/quarter. At close, Nifty was up 0.55% or 131.4 points at 24141.9. Nifty closed at another record high on July 01. The Nifty could soon breach the previous day’s high of 24174 and head towards 24,380. The level of 23889 could provide support in the near term.
Indian markets could open flat to mildly higher, in line with mixed Asian markets today and higher US markets on July 01
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