On Wednesday, July 2, the Nifty 50 and Sensex are expected to open on a cautious note, following cues from global markets
As of 7:31 AM, the GIFT Nifty was trading near the 25,668 mark, up 12 points from its previous close, indicating that the Indian market is likely to open just above the dotted line. However, caution is expected to prevail amid fragile global cues.
Asian markets traded mostly lower, while the US stock market ended mixed, with the Nasdaq and the S&P 500 closing in the red.
Talking about the IPOs, HDB Financials IPO is set to make its debut on the exchanges on July 2. Here are the details.
HDB Financial Services, a subsidiary of HDFC Bank, is set to be listed on the stock exchanges on July 2. The non-banking financial company (NBFC) garnered strong interest during its IPO, which saw a total subscription of 17.65 times.
The offer, worth ₹12,500 crore, included a fresh issue of ₹2,500 crore and an offer-for-sale component of ₹10,000 crore. Institutional investors played a major role, with the QIB portion being subscribed 31.73 times.
On Tuesday, July 1, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹1,970.14 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹771.08 crore during the same session.
On Tuesday, Indian equities closed slightly higher, with the Nifty 50 managing to stay above the 25,500 mark. The Sensex added 90.83 points, or 0.11%, ending the session at 83,697.29. Meanwhile, the Nifty 50 edged up by 24.75 points, or 0.10%, to settle at 25,541.80.
Asian markets traded mostly lower on Wednesday, tracking overnight mixed cues from Wall Street.
U.S. markets closed on a mixed note Tuesday, as declines in major tech stocks weighed on overall sentiment. The Dow Jones Industrial Average climbed 400.17 points, or 0.91%, finishing at 44,494.94. In contrast, the S&P 500 slipped 6.94 points, or 0.11%, to settle at 6,198.01. The tech-heavy Nasdaq Composite dropped 166.84 points, or 0.82%, ending the session at 20,202.89.
The US Senate, led by Republicans, has narrowly voted to approve President Donald Trump’s tax and spending legislation, pushing forward a major policy package that includes many of his key agenda items. The measure, expected to increase the national debt by $3.3 trillion, now heads to the House of Representatives for final approval.
The United States and India are close to finalising an agreement aimed at reducing tariffs on American goods entering India. According to Treasury Secretary Scott Bessent, the deal would also help India steer clear of a significant hike in tariffs that were introduced during the Trump administration and are set to increase next week.
The number of job openings in the U.S. saw an unexpected increase in May, with vacancies reaching 7.769 million by the month's end, according to the latest JOLTS (Job Openings and Labour Turnover Survey) report. This marks a rise of 374,000 positions compared to April.
Manufacturing activity in the U.S. continued to decline in June, though the pace of contraction slightly eased. Data from the Institute for Supply Management (ISM) revealed that the manufacturing PMI rose marginally to 49.0 from May’s six-month low of 48.5. This marks the fourth consecutive month the index has stayed below the 50 mark, a threshold indicating contraction.
Gold prices held steady ahead of US payroll data. Spot gold price was stable at $3,338.22 per ounce, while U.S. gold futures were unchanged at $3,347.80.
On Wednesday, July 2, the Nifty 50 and Sensex are expected to open on a cautious note, following cues from global markets
As of 7:31 AM, the GIFT Nifty was trading near the 25,668 mark, up 12 points from its previous close, indicating that the Indian market is likely to open just above the dotted line. However, caution is expected to prevail amid fragile global cues.
Asian markets traded mostly lower, while the US stock market ended mixed, with the Nasdaq and the S&P 500 closing in the red.
Talking about the IPOs, HDB Financials IPO is set to make its debut on the exchanges on July 2. Here are the details.
HDB Financial Services, a subsidiary of HDFC Bank, is set to be listed on the stock exchanges on July 2. The non-banking financial company (NBFC) garnered strong interest during its IPO, which saw a total subscription of 17.65 times.
The offer, worth ₹12,500 crore, included a fresh issue of ₹2,500 crore and an offer-for-sale component of ₹10,000 crore. Institutional investors played a major role, with the QIB portion being subscribed 31.73 times.
On Tuesday, July 1, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹1,970.14 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹771.08 crore during the same session.
On Tuesday, Indian equities closed slightly higher, with the Nifty 50 managing to stay above the 25,500 mark. The Sensex added 90.83 points, or 0.11%, ending the session at 83,697.29. Meanwhile, the Nifty 50 edged up by 24.75 points, or 0.10%, to settle at 25,541.80.
Asian markets traded mostly lower on Wednesday, tracking overnight mixed cues from Wall Street.
U.S. markets closed on a mixed note Tuesday, as declines in major tech stocks weighed on overall sentiment. The Dow Jones Industrial Average climbed 400.17 points, or 0.91%, finishing at 44,494.94. In contrast, the S&P 500 slipped 6.94 points, or 0.11%, to settle at 6,198.01. The tech-heavy Nasdaq Composite dropped 166.84 points, or 0.82%, ending the session at 20,202.89.
The US Senate, led by Republicans, has narrowly voted to approve President Donald Trump’s tax and spending legislation, pushing forward a major policy package that includes many of his key agenda items. The measure, expected to increase the national debt by $3.3 trillion, now heads to the House of Representatives for final approval.
The United States and India are close to finalising an agreement aimed at reducing tariffs on American goods entering India. According to Treasury Secretary Scott Bessent, the deal would also help India steer clear of a significant hike in tariffs that were introduced during the Trump administration and are set to increase next week.
The number of job openings in the U.S. saw an unexpected increase in May, with vacancies reaching 7.769 million by the month's end, according to the latest JOLTS (Job Openings and Labour Turnover Survey) report. This marks a rise of 374,000 positions compared to April.
Manufacturing activity in the U.S. continued to decline in June, though the pace of contraction slightly eased. Data from the Institute for Supply Management (ISM) revealed that the manufacturing PMI rose marginally to 49.0 from May’s six-month low of 48.5. This marks the fourth consecutive month the index has stayed below the 50 mark, a threshold indicating contraction.
Gold prices held steady ahead of US payroll data. Spot gold price was stable at $3,338.22 per ounce, while U.S. gold futures were unchanged at $3,347.80.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only