DiscoverStock Market UpdatesMarket Savera - 12/06/2024
Market Savera - 12/06/2024

Market Savera - 12/06/2024

Update: 2024-06-12
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U.S. stocks finished mostly higher on Tuesday, helped by shares of Apple Inc. as the iPhone maker surged to a new record.

Apple disclosed new artificial-intelligence features including an improved Siri virtual assistant

Investors looked ahead to the release of the May consumer-price index and the Federal Reserve’s policy announcement

China’s May consumer inflation rate came in at 0.3%, missing expectations of 0.4% by economists polled by Reuters. The figure was unchanged from April.

India’s May inflation rate is forecast to climb marginally to 4.89%, according to a poll of economists, slightly higher than April’s 4.83% increase.

Asian stocks ignored a positive US session and opened lower as a double event of US inflation data and the Federal Reserve decision landing later in the day kept traders on edge.

State Bank of has approved a plan for long-term fundraising of up to $3 billion.
Tata Motors announced on Tuesday its plans to invest between Rs 16,000 crore and Rs 18,000 crore into its electric vehicle (EV) division until 2029.
Blinkit, the quick commerce subsidiary of Zomato, is set to receive an infusion of Rs 300 crore in fresh capital from its parent company.

Nifty erased all its gains in the last hour of the session on June 11 after making a top at 1345 Hrs and ended little changed from previous day’s close. At close, Nifty was up 5.7 points at 23264.9.

Markets seem to be consolidating and Nifty could stay in the 23411-22930 band in this period.

Indian markets could open flat, in line with mixed Asian markets today and mostly higher US markets on June 11
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Market Savera - 12/06/2024

Market Savera - 12/06/2024

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