MARKET WRAP: Financials lift indices, Sensex gains 409 pts; TCS ends flat

On the sectoral front, the Nifty Metal index rallied the most - up over 2 per cent.
After a one-day blip, the domestic stock market once again ended in the positive territory on Thursday, led by buying in the financial counters.  Further,  investor sentiment also got a boost after Prime Minister Narendra Modi, at the India Global Week Summit, said India was seeing green shoots of economic recovery. "Story of global revival will have India playing a leading role," he said at the event. READ MORE

The S&P BSE Sensex today gained 409 points or over 1 per cent to settle at 36,738 with SBI (up 4 per cent) being the top gainer and ONGC (down over 1 per cent) the biggest loser. HDFC, RIL, HDFC Bank, and Bajaj Finance contributed the most to the Sensex's gains. NSE's Nifty ended at 10,813, up 108 points or 1 per cent. India VIX, the volatility index, declined over 5 per cent to 24.75 levels. 

IT major TCS settled 0.3 per cent lower on the NSE at Rs 2,213 ahead of its June quarter results due later in the day. 

On the sectoral front, the Nifty Metal index rallied the most - up 2 per cent, followed by Nifty Financial Services and Nifty Bank indices.  Nifty FMCG, on the other hand, was the only index that ended in the red - down 0.33 per cent to 30,672 levels. 

The broader indices underperformed the benchmarks. The S&P BSE MidCap ended flat at 13,493, up 0.07 per cent while the S&P BSE SmallCap index gained 0.49 per cent to settle at 12,848 points.

Global markets

Surging Chinese stocks led Asia’s equity markets higher on Thursday, as investors looked past Sino-US tension and renewed coronavirus lockdowns and hoped stimulus washing through the world economy finds its way to company earnings.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent and touched a 20-week high. The Shanghai Composite turned in its longest winning streak in more than two years and is up 16 per cent in eight sessions.

In Europe, too, stocks rose as software giant SAP signalled a rebound in its business from a coronavirus hit, while optimism over China’s recovery helped Germany outperform.

In commodities, oil prices edged lower as concerns about renewed Covid-19 lockdowns in the United States outweighed signs of a recovery in US gasoline demand.

Brent crude futures fell 21 cents, or 0.4 per cent, to $43.08 at the time of writing of this report, after gaining 0.5 per cent on Wednesday. US West Texas Intermediate (WTI) crude futures dipped 25 cents, or 0.6 per cent, to $40.65 a barrel, after rising 0.7 per cent on Wednesday.

(With inputs from Reuters)


3:55 PM IST Benchmark indices regained its momentum, led by the Metal and Financials indices. In spite of rising concerns regarding the spread of the virus infections, markets continued to focus on the path to recovery in the economy. With liquidity giving adequate support, investors are looking towards the start of the earnings season. With the lockdown and the economic activity coming to a standstill in the last quarter, investors will be looking forward to the earnings commentary, to understand the outlook.

3:44 PM IST

3:42 PM IST

3:38 PM IST The S&P BSE Sensex gained 409 points or over 1 per cent to 36,738 levels while NSE's Nifty ended at 10,813, up 108 points or 1 per cent.   

3:29 PM IST

3:24 PM IST

3:13 PM IST >> EU will be represented by European Council president & Ursula von der Leyen, President of the European Commission. India will be represented by PM Narendra Modi.  

3:02 PM IST Shares of Granules India moved higher by 7 per cent to Rs 224.70 on the BSE on Thursday on back of over two-fold jump in trading volumes. The stock of the pharmaceutical company surpassed its previous high of Rs 224.60 touched on June 16, 2020. The trading volumes on the counter more-than-doubled with a combined 6.6 million shares changing hands on the NSE and BSE till 02:43 pm. READ MORE 

2:57 PM IST

2:53 PM IST

2:42 PM IST

LIVE UPDATES

MARKET COMMENT:: Vinod Nair, Head of Research at Geojit Financial Services

Benchmark indices regained its momentum, led by the Metal and Financials indices. In spite of rising concerns regarding the spread of the virus infections, markets continued to focus on the path to recovery in the economy. With liquidity giving adequate support, investors are looking towards the start of the earnings season. With the lockdown and the economic activity coming to a standstill in the last quarter, investors will be looking forward to the earnings commentary, to understand the outlook.

SECTOR WATCH:: Nifty FMCG ends in the red


MARKET AT CLOSE:: Gainers and losers on the S&P BSE Sensex


CLOSING BELL

The S&P BSE Sensex gained 409 points or over 1 per cent to 36,738 levels while NSE's Nifty ended at 10,813, up 108 points or 1 per cent. 
 

MARKET CHECK


INDEX GAINER:: SBI gains around 4%


NEWS ALERT :: India-EU summit to be held on July 15 via video conference, reports CNBC TV18

>> EU will be represented by European Council president & Ursula von der Leyen, President of the European Commission. India will be represented by PM Narendra Modi.
 

Granules India surges 7%, hits record high on heavy volumes

Shares of Granules India moved higher by 7 per cent to Rs 224.70 on the BSE on Thursday on back of over two-fold jump in trading volumes. The stock of the pharmaceutical company surpassed its previous high of Rs 224.60 touched on June 16, 2020. The trading volumes on the counter more-than-doubled with a combined 6.6 million shares changing hands on the NSE and BSE till 02:43 pm. READ MORE 


BUZZING STOCK:: Axis Bank trades over 2% higher


MARKET UPDATE :: Nifty Service Sector index up over 1%


MARKET CHECK:: Top 5 gainers on the BSE at this hour


Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1

An average order value was assumed for Larsen & Toubro’s (L&T) new orders, as the firm shares only a range (value terms) for such order wins. These comprise order wins for infrastructure, capital goods, as well as engineering companies, but not all of them disclose their new order wins to the exchanges. READ MORE

Number of willful defaulters rose before coronavirus lockdown: Analysis

Lenders filed 1,251 cases to recover Rs 24,765.5 crore, said a Business Standrd analysis of March quarter TransUnion Cibil data. The numbers are released with a lag and not all lenders update with the same frequency. The analysis considered 15 lenders, which saw an increase in the number and value of outstanding wilful defaulter loans. Defaulters above Rs one crore was considered for this analysis. READ MORE

CBDT, SEBI to exchange data, call their agreement 'beginning of a new era'

The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) on Wednesday signed a Memorandum of Understanding (MoU) for data exchange between the two organisations. The MoU was signed by Anu J. Singh, Pr. DGIT (Systems), CBDT and Madhabi Puri Buch, Whole Time Member, SEBI in the presence of senior officers from both the organisations through video conference, said a statement by the Ministry of Finance. READ MORE 


Rupee Closing

Rupee settles mildly stronger at 74.99 per US dollar vs Wednesday's close of 75.02/$

INDEX LOSER:: Tech Mahindra slips over 1%


NEWS ALERT :: India is reforming, performing, says PM Modi

NEWS ALERT :: India is seeing green shoots of economic recovery, says PM Modi at India Global Week

European indices largely higher


NEWS ALERT :: Flipkart Group to invest Rs 260 cr in Arvind Fashions

>> The Flipkart Group and Arvind Fashions (AFL) today strengthened their partnership, through an investment of INR 260 crore by Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands.


Federal Reserve officials suggest recovery of US economy may be stalling

Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic. In separate appearances, Atlanta Fed President Raphael Bostic, Boston Fed President Eric Rosengren and Richmond Fed President Thomas Barkin noted what Barkin characterized as "air pockets" facing the U.S. economy - businesses exhausting existing order books without refilling them, and households facing the end of unemployment benefits and other support. READ MORE

HDFC AMC, Nippon Life AMC trade weak as equity fund inflows tumble in June

Nippon Life Asset Management slipped 4 per cent to Rs 291, while HDFC AMC dropped 3 per cent lower to Rs 2,490 in the intra-day trade on the BSE. On Wednesday, these stocks ended lower between 2 per cent and 3 per cent. In comparison, the S&P BSE Sensex was up 0.80 per cent at 36,618 points at 12:02 pm. Inflows into equity mutual funds in June declined sharply to a four-year low of Rs 241 crore compared to Rs 5,257 crore in May. READ MORE 


NEWS ALERT :: Fitch affirms Glenmark’s rating at 'BB'; outlook stable, reports CNBC TV18


Irdai sets up panel to study feasibility of forming a 'pandemic risk pool'

The insurance regulator -- Insurance Regulatory and Development Authority (Irdai) -- has constituted a working group to study the feasibility of forming a 'pandemic risk pool' and make recommendations regarding the same so that various risks arising out of a pandemic can be addressed. The group has to submit its report on the subject in the next eight weeks. READ MORE

Tata Steel BSL crude steel production drops over 41% in June quarter

"Production and sales were impacted in the first quarter of 2020-21 as the outbreak of COVID-19 and ensuing mobility restrictions severely impacted industrial activity and consumer sentiment. This affected crude steel production and sales during the quarter," Tata Steel BSL said in a regulatory filing. READ MORE

Q&A :: Global liquidity played a major role in deal-making, says Raj Balakrishnan

In April, we announced the $5.7 billion investment by Facebook in Jio Platforms, and also a Series-E fund raise for Rebel Foods. The month of June has been an absolute stand out. We executed six capital markets transaction in June raising $8.5 billion. We have a strong pipeline going forward and are hoping that we will be able to continue through the next year. READ MORE

AHEAD OF RESULT:: TCS trades 0.4% lower


Here's how to use the Aroon Indicator to determine trend for a stock

Aroon Indicator helps identify change in market trend. Developed by Tushar Chande in 1995, this indicator measures time taken for the price to climb a new high and low to determine trend change. In simple words, the indicator is used to identify trend changes in the price of an asset, as well as the strength of that trend. READ MORE

MARKET CHECK :: Sensex extends rally, trades near day's high


Godrej Properties, DLF, Sobha: Trading strategies for realty counters

Realty stocks, however, are trading mixed at the bourses on Thursday. While Unitech, HDIL, NBCC and DLF lost ground, Indiabulls Real Esate, Brigade Enterprises, Ansal Properties and Oberoi Realty moved up. READ MORE

Jubilant Life: New Covid drug, value unlocking potential to lead to upside

Strong prospects in both pharmaceuticals and life sciences ingredients (LSI) segments — led by the specialty business, an agreement with Gilead Sciences for the domestic launch of remdesivir, recovering supplies of active ingredients, and others after easing of the lockdown, and a strong March quarter performance — have boosted sentiment.  READ MORE

NEWS ALERT :: ABB Power Grids bags order worth Rs 120 cr from Indian Railways

>> In an order worth Rs 120 crore, Hitachi ABB Power Grids India (listed on the stock exchanges as “ABB Power Products and Systems India Limited”) will be delivering its transformers to the Government of India’s electric locomotive manufacturer, Chittaranjan Locomotive Works (CLW), for the production of 400 passenger and freight locomotive engines. Through the project, Hitachi ABB Power Grids continues to contribute to the country’s mission to be the world’s first net-zero carbon emitter by the end of the decade.
 

Can Fin Homes shares gain 4% as Company to consider fundraising on July 17

In a regulatory filing, the company informed that the Board of Can Fin Homes will meet on July 17, 2020 to consider "Raising funds by way of issue of equity shares through qualified institutions placement and/or preferential issue to promoters or rights issue and/ or any other permissible securities, subject to such approvals as may be required." READ MORE

Recovery of Titan's jewellery business in Q1 fails to enthuse Street

In its first-quarter update for FY21, Titan Company after market hours on Tuesday said its jewellery business in June reached 70 per cent of the year-ago level, and 83 per cent of its stores across all businesses were now open. But, the Street wasn't impressed and the stock fell 2.6 per cent on Wednesday; the Sensex was down 0.8 per cent. READ MORE

Retail inflation likely slowed in June on pickup in economic activity: Poll

India's consumer price inflation likely eased in June from March, a Reuters poll predicted, as loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce a supply crunch. The July 3-8 poll median of over 35 economists showed India's retail inflation in June moderated to 5.30% from March's revised 5.84%, still breaching the Reserve Bank of India's medium-term target of 4 per cent. READ MORE

Top gainers on BSE at this hour

COMPANY PRICE(rs) CHG(%)
MAH. SEAMLESS 248.35 6.70
H U D C O 38.05 6.43
DISHMAN CARBOGEN 141.70 5.31
SPANDANA SPHOORT 639.85 5.00
AFFLE INDIA 1852.25 5.00
» More on Top Gainers

Reliance Jio, Airtel preparing to cash in on online gaming boom in India

The Covid-19 pandemic induced nation-wide lockdown has not only redefined how India Inc works and children study, but has also opened up more avenues how these netizens can unwind after a hard day’s work. Online gaming, that was a $1.9 billion industry in India in 2019, according to Redseer estimates – a Bengaluru-based consulting firm – can well be on track to grow at a 35 per cent compounded rate (CAGR) to hit $8.4 billion by 2024. This, according to Bofa Securities estimates, spells boon for Indian telecom companies, especially Reliance Jio and Bharti Airtel, which are waiting to capitalise on the opportunity. READ MORE
 

YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15

Shares of YES Bank rose as much as 5.36 per cent to Rs 27.50 on the BSE on Thursday after the bank said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering (FPO). The offer will open on July 15, 2020 and close on July 17, 2020. Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering. READ MORE

Alkyl Amines, Dixon, Escorts, L&T Infotech, Tata Consumer hit record highs

Dixon Technologies was up 4 per cent to Rs 6,333 today, extending its Wednesday’s 4 per cent rally on reports that the sector witnessed 95-100 per cent recovery in sales in June 2020 post relaxation of the novel coronavirus-induced lockdown. The company is the largest home-grown, design-focused, and solutions company engaged in manufacturing consumer durables, lighting products, and mobile phones. READ MORE 


BROKERAGE VIEW:: Geojit Financial Services on City Union Bank

RATING: ACCUMULATE | TARGET PRICE: Rs 148
  • City Union Bank Ltd (CUB), the oldest private sector bank in India, is a mid-sized commercial bank headquartered at Tamil Nadu, having a network of 700 branches and 1,793 ATMs spread across the country and a loan book size of Rs.34,576 Cr.
  • CUB reported net loss of Rs.95 Cr on account of higher provision (Rs.450 Cr) due to elevated NPA and Covid-19 related concerns.
  • Asset quality deteriorated due to high slippage during the quarter with GNPA/NNPA at 4.09%/2.29%.
  • Total Business grew 5% YoY with Deposit growing at 6% and Advances at 5%.
  • ROA for FY20 has declined to 1% against 1.64% as on FY19 and ROE declined from 15.25% to 9.47% during the same period. We expect ROA/ROE to be 1.5/13.1% by FY22.
  • We expect that current uncertainties for FY21 are already factored and with improvement in ROA and ROE during FY22E, we value the stock at 2.0x on FY22E Adj BVPS of Rs.74.1 with a target price of Rs.148 and recommend Accumulate rating

BROKERAGE VIEW:: ICICI Securities on Power sector

We remain positive on CPSUs in the sector despite this decline in demand as we believe their earnings are based on capacity creation and not utilisation, and they continue to trade at all-time low valuations and high dividend yields. PSUs will take a one-time hit by giving rebate of up to 25% to discoms on fixed charges and lower rates of late payment surcharges (LPS) in Q1FY21, but much of the quantum is expected to recover in FY21 itself through higher expected LPS as states continue to defer payments. Recovery in coal PLFs from Q3FY21 onwards is expected to improve coal offtake, while Coal India’s import substitution initiative will compensate for lost volumes (coal imports in Q1FY21 declined by 30% to 49mnte; CIL has already tied up >18mnte out of these volumes). Top picks are NTPC & Coal India.

BROKERAGE VIEW:: ICICI Securities on Mishra Dhatu Nigam

Midhani’s Q4FY20 performance was impacted by Covid-19 related concerns. Even in FY21, due to Covid-19, there was a disruption in production activity for 45 days. Subsequently, normal production activities have resumed from May 20, 2020. Despatch of finished materials has already started in May 2020. Backed by a strong order book position, we expect Midhani to report healthy performance, going forward. We value the stock at 22x FY22E EPS with a target price of Rs 260.

BROKERAGE VIEW:: Edelweiss Securities on Crompton Greaves Consumer Electricals

Crompton Greaves Consumer Electricals is the largest player in the fans segment and continues to leverage its brand equity to expand in to consumer appliances. With the strength of its balance sheet and high positioning in consumer electricals, it is well poised to enter new related categories in electricals space – a key re-rating prospect. We maintain ‘BUY/SO’ with TP of Rs 260. 

BUZZING STOCK:: Can Fin Homes up over 2%


'Difficult to argue for material upside in the market from current levels'

After not only a strong recovery off the March 2020 lows but even the more recent rally of nearly 15 per cent in the frontline indices over the past six weeks, we think the market is now evenly poised. It adequately reflects the upside from return to economic normalcy, as also the fact that the duration of the pandemic is likely to be fairly prolonged given rising rate of infections, and would thus unquestionably lead to some form of permanent loss in economic output in the foreseeable future. READ INTERVIEW HERE

MARKET CHECK:: ICICI Bank up 0.4%


TCS Q1 preview: Covid-19 pandemic to hit earnings; Q2 outlook eyed

The Street, analysts believe, appears to be focusing on recovery path which is also visible in the strong rally in the sector. “We think the markets are still in a mood to overlook any misses given the continued macro uncertainty and even the lack of negatives could trigger positive share price reactions. We believe Q1 should be the low point for revenues, and expect a gradual recovery from Q2FY21 onwards,” wrote Diviya Nagarajan, an analyst at UBS tracking the sector in a July 7 note. READ MORE

Metal stocks rally: SAIL jumps 6%; Tata Steel, Hindalco, JSPL gain up to 4%

Shares of metal companies rallied up to 6 per cent on the NSE on Thursday. The Nifty Metal index surged around 2.5 per cent and was the top sectoral gainer on the NSE. At 09:42 am, SAIL was trading over 4 per cent higher at Rs 36.85. The stock hit a high of Rs 37.45, up 6 per cent in the early trade. Hindalco was up 3.7 per cent, JSPL was up 3.6 per cent while Hindustan Copper was quoting over 3 per cent higher at Rs 41.15. READ MORE 


Rupee Opening

Rupee opens higher at 74.94 per US dollar vs Wednesday's close of 75.02/$

IRB Infra Developers hits 52-week high; stock zooms 84% in one month

Shares of IRB Infrastructure Developers gained 3 per cent and hit a 52-week high of Rs 121.50 on the BSE on Thursday on expectations that earnings may improve going forward as road traffic reaches over 80 per cent of pre-Covid level. The stock of the company, which is the largest private roads and highways infrastructure developer in India, has surpassed its previous 52-week high of Rs 119.70 touched on January 21, 2020. In the past one month, it has zoomed 84 per cent as compared to 7.6 per cent rise in the S&P BSE Sensex. READ MORE

Most active stocks by volume

COMPANY PRICE(rs) CHG(%)
VODAFONE IDEA 9.46 2.16
SUZLON ENERGY 4.92 -2.96
SOUTH IND.BANK 8.37 4.89
FUTURE CONSUMER 12.00 -4.76
J & K BANK 19.65 2.61
» More on Most Active Volume

Coronavirus Update

Cipla adds 1% after launch of Cipremi

>> Cipremi is the generic version of Remdesivir, the potential Covid-19 drug


Aurobindo Pharma hits 52-week high on US FDA nod for Verapamil Hydrochloride


Tejas Networks hits 5% upper circuit as Kedia Securities picks 0,8% stake


South Indian Bank advances 4% post Q1FY21 results

>> South Indian Bank on Wednesday reported a 11 per cent rise in net profit at Rs 82 crore in June quarter of the current fiscal year. The private sector lender had posted a net profit of Rs 73 crore in the corresponding quarter of fiscal year 2019-20.


BUZZING STOCK:: Tata Steel rises 3%


The Phoenix Mills trades mildly weaker

>> Signaling a steady revival of the retail segment amid covid-19 pandemic, Phoenix Mills has launched India’s first shopping mall post lockdown period in Lucknow.


Can Fin Homes adds 2% in early deals on fund raising proposal

>> The Board of Can Fin Homes will meet on 17 July 2020 will consider raising funds by way of issue of equity shares through qualified institutions placement and/or preferential issue to promoters or rights issue and/ or any other permissible securities.


SBI gains over 1%

>> The country’s largest lender, State Bank of India (SBI), has got board approval to invest a maximum of Rs 1,760 in private lender YES Bank’s follow-on public offer (FPO). SBI already holds 48.21 per cent in the private lender after it invested more than Rs 6,000 crore to rescue it.

>> That apart, SBI, in an exchange filing, informed that SBICAP, its wholly-owned subsidiary, will invest in lnvestec Capital Services to form a joint venture entity.


NEWS ALERT :: YES Bank files red herring prospectus for Rs 15,000 cr FPO


TCS trades higher ahead of Q1 results

>> The company, according to analysts, may post up to 7 per cent decline in revenue in constant currency (CC) terms on a sequential basis owing to anticipated pressure in travel, transportation, energy, retail, and manufacturing segments due to the ongoing Covid-19 crisis. 


ICICI Bank trades higher post Board's nod to raise Rs 15,000 cr


Sectoral trends on NSE at Open


Sensex Heatmap :: Financials lead the index


Opening Bell


Opening Bell


Top gainers and losers on the S&P BSE Sensex at Pre-open


Markets at Pre-open


Markets at Pre-open


PM Modi to deliver inaugural address at India Global Week 2020 today

"Will be addressing the India Global Week, organised by @IndiaIncorp at 1:30 pm tomorrow. This forum brings together global thought leaders and captains of industry, who will discuss aspects relating to opportunities in India as well as the global economic revival post-COVID," PM Modi tweeted. READ MORE

Stocks to watch: TCS, ICICI Bank, SBI, Can Fin Homes, South Indian Bank

TCS: The IT major is scheduled to announce its June quarter results later in the day. The company, according to analysts, may post up to 7 per cent decline in revenue in constant currency (CC) terms on a sequential basis owing to anticipated pressure in travel, transportation, energy, retail, and manufacturing segments due to the ongoing Covid-19 crisis. 
 
ICICI Bank: Private sector lender ICICI Bank plans to raise upto Rs 15,000 crore to support business growth and create a buffer to absorb any shocks from economic disruption caused by the Covid-19 pandemic. READ MORE

NEWS ALERT :: Economy to improve as pandemic impact subsides, says BoJ guv

>> Bank of Japan Governor Haruhiko Kuroda said on Thursday the economy will remain in a severe state but improve ahead as the impact from the coronavirus pandemic subsides.

>> “Japan’s economy is expected to improve as the impact of the pandemic subsides, supported by pent-up demand ... an accommodative monetary environment and the government’s stimulus package,” Kuroda said in a speech at a quarterly meeting of the central bank’s regional branch managers.

(As reported by Reuters)

NEWS ALERT :: Torrent Pharma gets US FDA nod anti-bacterial drug Erythromycin

NEWS ALERT :: Unichem Lab gets US FDA nod for Cyclobenzaprine Hydrochloride

>> Unichem Lab gets US FDA nod for Cyclobenzaprine Hydrochloride (5-10 Mg) which is used to treat muscle spasms

NEWS ALERT :: Aurobindo Pharma gets US FDA nod for Verapamil Hydrochloride

>> Verapamil is used for treatment of high blood pressure.

>> It may also be used for the prevention of migraines and cluster headaches

Bulk deals on BSE as on Wednesday

Bulk deals on NSE as on Wednesday

FII/FPI & DII trading activity on NSE, BSE and MSEI


Rupee check

Source: Bloomberg


Oil eases as coronavirus fears offset gasoline recovery signs

>> Oil prices drifted lower on Thursday as concerns about renewed Covid-19 lockdowns in the United States outweighed signs of a recovery in US gasoline demand.

>> US West Texas Intermediate (WTI) crude futures fell 14 cents, or 0.3%, to $40.76 a barrel, after rising 0.7% on Wednesday.
 
>> Brent crude futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on Wednesday.

(Source: Reuters)

SGX Nifty hints at green start

>> At 8:16 am, the index was at 10,717 level, up 33 points or 0.31 per cent. 

Asian stocks set to rise as focus swings to recovery prospects

Source: Reuters


Nasdaq ends at record high as Wall Street rises with tech shares

Source: Reuters


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