Stock Market Live Updates July 3, 2024: Sensex, Nifty maintain firm trend, Sensex just off its life-time high of 80,000; HDFC Bank up over 3%
July 3rd, 2024 12:27
Sensex, Nifty, Share Prices LIVE: Benchmark indices Sensex and Nifty continued to trade on a firm note near mid-session on Wednesday. At 11:35 am, Sensex was at 79,916.51, up 475.06 points or 0.60% firmer. The 30-share index had hit the 80,000 mark earlier in the day. Nifty was at 24,269.85, a gain of 146 points or 0.61%.
The top gainers on the Nifty include HDFC Bank, Tata Consumer, Axis Bank, Dr Reddy’s and Shriram Finance. The laggards are TCS, Reliance, Hindalco, Cipla and Tata Motors. All the Nifty sectoral indices with the exception of Nifty IT were in the green. Nifty Private Banks, Financial Services and Nifty Bank were the top gainers on the index.
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, in his pre-opening market comment said Nifty is likely to trade between 23,500-24,500, with 24,500 as a major resistance level. Federal Reserve Chairman Powell’s remarks on inflation suggest a cautious market outlook. Key events include FOMC meeting minutes on Wednesday and the Nonfarm Payrolls report on Friday
Stock Market Live Updates July 3, 2024: Markets likely to open firm, HDFC Bank in focus
July 3rd, 2024 09:30
Sensex, Nifty, Share Prices LIVE: Domestic shares are likely to open higher on Wednesday, tracking Asian peers, while top private lender HDFC Bank will be in focus on hopes of a likely increase in its weightage in a key global index.
The GIFT Nifty was trading at 24,326 as of 8:22 a.m. IST, indicating the Nifty 50 will open above Tuesday’s close of 24,123.85.
Both the Nifty and S&P BSE Sensex erased early gains in the previous session to end flat. They added about 7% each in June, their best month yet in 2024.
Stock Market Live Updates July 3, 2024: Stock to buy today: Jyothy Labs (₹477.35): BUY
July 3rd, 2024 07:27
Sensex, Nifty, Share Prices LIVE: The outlook for Jyothy Labs is bullish. The strong 5.75 per cent surge on Tuesday has taken the share price well above the ₹460-470 resistance cluster. The region between ₹465-460 will now act as a good support zone now. Any intermediate dips are likely to be limited to this support zone.
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